SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Cello World Ltd (CELLO)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 544012 NSE: CELLO Trading | Small Cap | Cello World Share Price

₹382.25 -3.50 (-0.91%)

As on 05-Jun'26 16:59

Cello World Ltd (CELLO)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 544012 NSE: CELLO Trading | Small Cap | Cello World Share Price

₹382.25 -3.50 (-0.91%)

As on 05-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹8,521 Cr.
Current Price
₹382.3
52-Week Low / High
₹365 / 673
TTM EPS
₹3.6
TTM Sales
₹1,116 Cr.
Book Value per Share
₹72.7
P/E Ratio
105.86
Lower than its 5-year historical median
Industry PE
36
Price to Book (P/B)
5.31
Lower than its 5-year historical median
Price to Sales (P/S)
7.64
Lower than its 5-year historical median
EV/EBITDA
82.99
Lower than its 5-year historical median
Dividend Yield
0.27%
Profitability Efficiency
Return on Equity (ROE)
8.93%
Outperforms industry median
Return on Capital Employed (ROCE)
11.32%
Outperforms industry median
Return on Assets (ROA)
6.87%
Operating Profit Margin
10%
Net Profit Margin
8.84%
Gross Profit Margin
12%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
9.49%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
31.51%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
58.49%
Asset Quality
Promoter Holding
75.00%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹1,495 Cr.
Equity
₹110.4 Cr.
Face Value
₹5
All Time Low / High
₹365.05 / 1024.50

Cello World stock performance

Key Ratios
mw4me loader

Check Before You Invest

Quality

Locked
Login to view analysis.

Valuation

Locked
Login to view analysis.

Price Trend

Locked
Login to view analysis.
Q.1 Is Cello World Ltd a good quality company?
Cello World Ltd is a average quality company, based on a somewhat consistent multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Cello World Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Cello World Ltd vs industry peers?
Cello World Ltd revenue CAGR is 0.00%, compared to the industry median CAGR of 0%, indicating stable growth and maintaining its market share.
Q.1 Promoter shareholding and pledge status of Cello World Ltd?
Promoters hold 75.00% of the Cello World Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Cello World Ltd over the last decade?
Over the last 1 year(s), the stock has delivered a CAGR of -37.42% based on the current price.

10 Year X-Ray : Login to view analysis.

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Cello World Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 33.3%24.9%24.4%16.4%11.3%-
Value Creation
Index
1.50.90.80.2-0.2-

Growth Parameters

Sales 5236279081,0161,1131,116
Sales YoY Gr.-19.8%44.7%12%9.5%-
Adj EPS 2.722.22.94.43.6
YoY Gr.--26.7%12.6%30.5%52.6%-
BVPS (₹) 4.86.88.733.667.572.7
Adj Net
Profit
52.638.743.561.798.280
Cash Flow from Ops. -1.684.6-29.365.1-46.7-
Debt/CF from Ops. -80.80.8-22.30-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales NANA21.1%9.5%
Adj EPS NANA30.9%52.6%
BVPSNANA115.3%101%
Share Price - - - -37.3%

Key Financial Parameters

Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
5634.228.8148.95.2
Op. Profit
Mgn %
13.28.36.68.3103.3
Net Profit
Mgn %
106.24.86.18.87.2
Debt to
Equity
1.40.50.40.200
Working Cap
Days
0167169231296169
Cash Conv.
Cycle
0107777592127

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'21Mar'22Mar'23Mar'24Mar'25
Sales5236279081,0161,113
Operating Expenses + 4545758569321,001
Manufacturing Costs14886
Material Costs409509717771822
Employee Cost 2025314047
Other Costs 253799113127
Operating Profit 69525285111
Operating Profit Margin (%) 13.2%8.3%5.7%8.3%10.0%
Other Income + 612925
Exceptional Items 00000
Interest 00183
Depreciation 01243
Profit Before Tax 75535282130
Tax 1814142031
Profit After Tax 5639386298
PAT Margin (%) 10.8%6.2%4.2%6.1%8.8%
Adjusted EPS (₹)2.92.02.02.94.5
Dividend Payout Ratio (%)0%0%0%51.30%33.70%

Valuation of Cello World - Standalone

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

mw4me loader

Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 941321707131,491
Share Capital 0098106110
Reserves 94132726071,381
Debt +13167591480
Long Term Debt00000
Short Term Debt13167591480
Minority Interest00000
Trade Payables35136149227186
Others Liabilities 15205085149
Total Liabilities 2743558861,1381,726

Fixed Assets

Net Fixed Assets +126812
Gross Block2381421
Accumulated Depreciation01269
CWIP 03504
Investments 12333333629
Inventories347612497139
Trade Receivables213219266364411
Cash Equivalents 1531183441
Others Assets 922134302490
Total Assets 2743558861,1381,726

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + -285-2965-47
PBT 75535282130
Adjustment 01125-18
Changes in Working Capital -5848-80-1-132
Tax Paid -18-17-13-20-26
Cash Flow From Investing Activity + 15-6-451-148-462
Capex -1-4-7-2-6
Net Investments 17-0-9-6-219
Others -0-1-435-140-237
Cash Flow From Financing Activity + 0-6446782529
Net Proceeds from Shares 0000713
Net Proceeds from Borrowing 00000
Interest Paid 00-0-7-3
Dividend Paid 0000-33
Others 0-6446789-148
Net Cash Flow 1415-13-121

Financial Ratio

PARTICULARSMar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)60.134.525.2114.068.93
ROCE (%)33.3324.9124.4116.3911.32
Asset Turnover Ratio1.911.991.4610.78
PAT to CFO Conversion(x)-0.042.18-0.761.05-0.48
Working Capital Days
Receivable Days148.70125.8097.50113.10127.20
Inventory Days23.8032.1040.3039.7038.80
Payable Days30.9061.1072.4088.9091.50

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Cello World Ltd FAQs

The current trading price of Cello World on 05-Jun-2026 16:59 is ₹382.2.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 04-Jun-2026 the market cap of Cello World stood at ₹8,520.6 Cr

The latest P/E ratio of Cello World as of 04-Jun-2026 is 105.9.

The latest P/B ratio of Cello World as of 04-Jun-2026 is 5.31.

The 52-week high of Cello World is ₹673.0 and the 52-week low is ₹365.1.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Cello World is ₹1,116 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that Cello World Ltd is a average quality company.

The key valuation ratios of Cello World Ltd's currently when compared to its past seem to suggest it is in the Undervalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Cello World Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

About Cello World Ltd

The company was incorporated as ‘Cello World Private Limited’, as a private limited company under the Companies Act, 2013, pursuant to a certificate of incorporation dated July 25, 2018, issued by the Registrar of Companies, Central Registration Centre. Thereafter, the Registered Office of the company was changed from the State of Maharashtra to the Union Territory of Daman and Diu and a certificate of registration of the regional director order, for change of State dated April 8, 2020, was issued by the RoC. Subsequently, upon the conversion of the company into a public limited company, pursuant to a special resolution passed by its Shareholders on June 12, 2023, the name of the company was changed to ‘Cello World Limited’ and a fresh certificate of incorporation dated July 18, 2023 was issued by the RoC

While the company was incorporated only in 2018, its erstwhile promoter Late Ghisulal Dhanraj Rathod, father of two of its Promoters, Pradeep Ghisulal Rathod and Pankaj Ghisulal Rathod, was associated with Cello Plastic Industrial Works (CPIW) and the ‘Cello’ brand since 1962. Its Promoters (through their family) have since diversified its product range and brand portfolio over the last six decades. The six decades of experience of its Promoters (through their family) in the consumer products industry has enabled it to better understand the preferences and needs of consumers in India, diversify its product portfolio and grow its multi-channel distribution network. This has enabled it to curate an extensive product portfolio that caters to a diverse range of consumer requirements, and offers a broad range of contemporary products across different ranges, types of material and price point.

The company owns/leases and operates 13 manufacturing facilities across five locations in India, as of June 30, 2023, and it is currently establishing a glassware manufacturing facility in Rajasthan. Its manufacturing capabilities allow it to manufacture a diverse range of products in-house. The remaining products (consisting mainly of steel and glassware products) are manufactured by third party contract manufacturers who manufacture these products with its branding pursuant to arrangements with it. The scale at which the company manufactures its products, combined with its supply chain management enables it to derive the benefits of economies of scale across various aspects of its business model. Further, it maintains optimal inventory levels across its manufacturing facilities by implementing technology and utilising available market information. It also endeavors to maintain high quality standards and good manufacturing practices. It has a strong pan-India distribution network. From the distribution network established by CPIW for its thermoware household articles and plastic materials business, its Promoters.

Business area of the company

Cello's extensive product range reflects its dedication to enhancing the lives of every household. From drinkware, which includes an array of water bottles, flasks, tea sets, and coffee mugs, to dinnerware comprising opalware and stainless steel sets, the brand caters to various aspects of dining and culinary experiences. It provides a range of options, from glass and microwave-safe steel lunch boxes to plastic, opalware, and insulated lunch boxes, along with electric tiffins for convenient meals on the go.

Key awards

  • The company’s brand ‘Cello’ was awarded as one of the most trusted brands of India in the year 2021, by Commerzify.

Major events and milestones

  • 2020: Initiated scaling up of e-commerce business of the company by entering into marketplace supply agreements with e-commerce platforms.
  • 2023: Investment by India Advantage Fund S5 I, India Advantage Fund S4 I, Tata Capital Growth Fund II and Dynamic India Fund S4 US I.


To get DeciZen Rating of 3,500+ Stocks based on their Quality, Valuation and Price Trend Login Now

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×