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Cello World Ltd (CELLO)

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

₹344.45 4.05 (1.19%)

As on 24-Jul'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

₹344.45 4.05 (1.19%)

As on 24-Jul'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹7,608 Cr.
Current Price
₹344.5
52-Week Low / High
₹337 / 673
TTM EPS
₹3.6
TTM Sales
₹1,116 Cr.
Book Value per Share
₹72.7
P/E Ratio
94.52
Lower than its 5-year historical median
Industry PE
38.1
Price to Book (P/B)
4.74
Lower than its 5-year historical median
Price to Sales (P/S)
6.82
Lower than its 5-year historical median
EV/EBITDA
74.06
Lower than its 5-year historical median
Dividend Yield
0.44%
Profitability Efficiency
Return on Equity (ROE)
5.08%
Outperforms industry median
Return on Capital Employed (ROCE)
4.87%
Outperforms industry median
Return on Assets (ROA)
3.53%
Operating Profit Margin
3.2%
Net Profit Margin
7.22%
Gross Profit Margin
9.1%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
0.26%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
-67.68%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
-27.89%
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
₹337.95 / 1024.50

Cello World stock performance

Key Ratios
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Check Before You Invest

Quality

Somewhat Good

Valuation

Undervalued

Price Trend

Weak
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 16.34%, compared to the industry median CAGR of 0.00%, indicating faster growth and gaining 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 -42.21% based on the current price.

10 Year X-Ray :

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'25Mar'26TTM
ROCE % 33.3%24.9%24.4%16.4%10.5%4.9%-
Value Creation
Index
1.50.90.80.2-0.2-0.6-

Growth Parameters

Sales 5236279081,0161,1131,1161,116
Sales YoY Gr.-19.8%44.7%12%9.5%0.3%-
Adj EPS 2.722.22.953.73.6
YoY Gr.--26.7%12.6%30.5%73.2%-27.2%-
BVPS (₹) 4.86.88.733.670.872.772.7
Adj Net
Profit
52.638.743.561.71118180
Cash Flow from Ops. -1.684.6-29.365.16139-
Debt/CF from Ops. -80.80.8-22.300-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales NA16.3%7.1%0.3%
Adj EPS NA6.3%18.1%-27.2%
BVPSNA72.1%102.8%2.7%
Share Price - - - -42.2%

Key Financial Parameters

Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
Return on
Equity %
5634.228.8148.34.15
Op. Profit
Mgn %
13.28.36.68.39.93.23.3
Net Profit
Mgn %
106.24.86.1107.37.2
Debt to
Equity
1.40.50.40.2000
Working Cap
Days
0167169231301280169
Cash Conv.
Cycle
010777759390127

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Sales5236279081,0161,1131,115
Operating Expenses + 4545758569321,0021,080
Manufacturing Costs148868
Material Costs409509717771822871
Employee Cost 202531404751
Other Costs 253799113128150
Operating Profit 6952528511036
Operating Profit Margin (%) 13.2%8.3%5.7%8.3%9.9%3.2%
Other Income + 61294267
Exceptional Items 00000-2
Interest 001811
Depreciation 012433
Profit Before Tax 7553528214896
Tax 181414203616
Profit After Tax 5639386211280
PAT Margin (%) 10.8%6.2%4.2%6.1%10.0%7.2%
Adjusted EPS (₹)2.92.02.02.95.13.6
Dividend Payout Ratio (%)0%0%0%51.30%29.70%41.20%

Valuation of Cello World - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'21Mar'22Mar'23Mar'24Mar'25Mar'26

Equity and Liabilities

Shareholders Fund + 941321707131,5631,605
Share Capital 0098106110110
Reserves 94132726071,4531,495
Debt +131675914800
Long Term Debt000000
Short Term Debt131675914800
Minority Interest000000
Trade Payables35136149227181264
Others Liabilities 152050851467480
Total Liabilities 2743558861,1382,2112,349

Fixed Assets

Net Fixed Assets +12681213
Gross Block238142125
Accumulated Depreciation0126912
CWIP 035040
Investments 123333331,0811,674
Inventories34761249713987
Trade Receivables213219266364411410
Cash Equivalents 153118344420
Others Assets 922134302519145
Total Assets 2743558861,1382,2112,349

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Cash Flow From Operating Activity + -285-29656139
PBT 7553528214898
Adjustment 01125-36-59
Changes in Working Capital -5848-80-1-75123
Tax Paid -18-17-13-20-31-23
Cash Flow From Investing Activity + 15-6-451-148-609-108
Capex -1-4-7-2-6-3
Net Investments 17-0-9-6-34629
Others -0-1-435-140-257-135
Cash Flow From Financing Activity + 0-6446782626-39
Net Proceeds from Shares 00007130
Net Proceeds from Borrowing 000000
Interest Paid 00-0-7-00
Dividend Paid 0000-39-39
Others 0-6446789-48-0
Net Cash Flow 1415-13-123-7

Financial Ratio

PARTICULARSMar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Ratios
ROE (%)60.134.525.2114.069.815.08
ROCE (%)33.3324.9124.4116.3910.484.87
Asset Turnover Ratio1.911.991.4610.660.49
PAT to CFO Conversion(x)-0.042.18-0.761.050.051.74
Working Capital Days
Receivable Days148.70125.8097.50113.10127.20134.30
Inventory Days23.8032.1040.3039.7038.8037.10
Payable Days30.9061.1072.4088.9090.6093.20

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 24-Jul-2026 16:59 is ₹344.4.

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 23-Jul-2026 the market cap of Cello World stood at ₹7,608.4 Cr

The latest P/E ratio of Cello World as of 23-Jul-2026 is 94.52.

The latest P/B ratio of Cello World as of 23-Jul-2026 is 4.74.

The 52-week high of Cello World is ₹673.0 and the 52-week low is ₹336.9.

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.


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