Cello World Q1 FY27 Share Price & Earnings Call Analysis
- Market cap
- ₹7,383 Cr
- P/E
- 23.23
- ROE
- 13.19%
- PEG
- 2.82
- Price to sales
- 3.19
- Debt to equity
- 0.01
- 52W high / low
- ₹659 / ₹320
- Sales growth (5Y)
- 17.23%
- EBITDA margin
- 19.87%
- Net profit margin
- 14.51%
- Promoter holding
- 73.50%
- Sales (last year)
- ₹2,321 Cr
Cello World is a leading Indian consumer product company mainly dealing in writing instruments and stationery, molded furniture, consumer housewares, and related products. [1]
Guidance scorecard · Q1 FY27 call
What Cello World Ltd's management guided
and where it ranks in Consumer Durables
RevenueQ1 FY27 call
0–10%- Significant pickup expected from FY26 onwards (confirmed by Karan Gupta and Gaurav Rathod).
- Consumer Ware segment growth anticipated to improve in coming quarters due to lower channel inventory and better momentum.
- Steelware segment sales to ramp up as in-house manufacturing expands SKU range over next couple of quarters.
- Writing Instruments segment showing profitable revenue growth with rationalized product range.
- Glassware capacity utilization currently at 60%, expected to increase to reach healthy profitability soon.
- E-commerce channel growing rapidly, now constituting about 16% of revenues, with QuickCommerce scaling well.
2 more points from Cello World Ltd's call on revenue
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MarginsQ1 FY27 call
FlatSee what Cello World Ltd said on margins — free account, 30 seconds.
CapexQ1 FY27 call
None planned- No major CAPEX planned for FY27; mostly maintenance CAPEX only.
- A few additional manufacturing lines planned in the steel segment; orders likely early next year.
- No current inorganic acquisition deals, but the company is actively looking for growth opportunities.
- Cash on the balance sheet is being preserved for potential inorganic growth opportunities rather than buybacks.
2 more points from Cello World Ltd's call on capex
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FundraisingQ1 FY27 call
See what Cello World Ltd said on fundraising — free account, 30 seconds.
Order bookQ1 FY27 call
Ask what Cello World Ltd said on the order book →
Full Q1 FY27 analysisRanges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.
Potential multibaggers · Q2 FY27
Potential multibaggers in Consumer Durables
on management's own guidance
- Strong growth2
- Strong growth1
- Strong growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Peers
Consumer Durables companies ranked on guidance
| # | Company | Revenue guided | Margin guided | Market cap | P/E |
|---|---|---|---|---|---|
| 1 | 40%+ | Up 2%+ | ₹166 Cr | 20.3 | |
| 2 | 40%+ | Up 2%+ | ₹100 Cr | 12.7 | |
| 3 | 40%+ | Up 0–2% | ₹3,249 Cr | 17.4 | |
| 4 | 40%+ | Up 0–2% | ₹2,081 Cr | 18.8 | |
| 5 | 40%+ | Flat | ₹2,429 Cr | 41.1 | |
| 6 | 40%+ | Flat | ₹2,163 Cr | 25.6 |
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Pro shows every company guiding 40%+ revenue growth →Full Consumer Durables rankingFinancials of Cello World Ltd
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Cello World Ltd
Quarterly Results
Quarter-by-quarter operating performance
| Jun 2022 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 433 | 472 | 489 | 527 | 512 | 501 | 490 | 557 | 589 | 529 | 587 | 554 | 654 |
| Expenses + | 336 | 353 | 369 | 395 | 380 | 372 | 371 | 430 | 454 | 420 | 460 | 448 | 525 |
| Operating Profit | 97 | 119 | 120 | 132 | 133 | 129 | 119 | 127 | 135 | 109 | 128 | 106 | 129 |
| OPM % | 22% | 25% | 25% | 25% | 26% | 26% | 24% | 23% | 23% | 21% | 22% | 19% | 20% |
| Other Income + | 4 | 8 | 11 | 4 | 7 | 6 | 13 | 12 | 13 | 17 | 14 | 9 | 8 |
| Interest | 0 | 1 | 1 | 0 | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | 0 |
| Depreciation | 12 | 12 | 13 | 15 | 18 | 14 | 15 | 15 | 18 | 19 | 20 | 20 | 20 |
| Profit before tax | 89 | 115 | 118 | 121 | 121 | 120 | 117 | 124 | 130 | 108 | 121 | 94 | 116 |
| Tax % | 26% | 28% | 26% | 25% | 21% | 26% | 26% | 26% | 26% | 25% | 25% | 26% | 23% |
| Net Profit + | 66 | 83 | 87 | 91 | 96 | 89 | 87 | 92 | 96 | 81 | 91 | 69 | 90 |
| EPS in Rs | 61,880.00 | 3.97 | 4.10 | 4.00 | 4.18 | 3.89 | 3.70 | 3.91 | 3.99 | 3.31 | 3.88 | 2.88 | 4.08 |
Financials of Cello World Ltd
Profit & Loss
Annual income statement trend
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Sales + | 1,049 | 1,359 | 1,797 | 2,000 | 2,136 | 2,324 |
| Expenses + | 773 | 1,026 | 1,376 | 1,491 | 1,626 | 1,852 |
| Operating Profit | 277 | 334 | 421 | 509 | 510 | 471 |
| OPM % | 26% | 25% | 23% | 25% | 24% | 20% |
| Other Income + | 10 | 16 | 17 | 25 | 45 | 48 |
| Interest | 2 | 3 | 2 | 3 | 1 | 2 |
| Depreciation | 49 | 48 | 50 | 57 | 62 | 78 |
| Profit before tax | 236 | 299 | 385 | 475 | 491 | 440 |
| Tax % | 30% | 27% | 26% | 25% | 26% | 25% |
| Net Profit + | 166 | 220 | 285 | 356 | 365 | 332 |
| EPS in Rs | 151,200.00 | 204,000.00 | 13.65 | 15.60 | 15.34 | 15.01 |
| Dividend Payout % | 0% | 0% | 0% | 10% | 10% | 0% |
Financials of Cello World Ltd
Balance Sheet
Capital structure and asset base
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Equity Capital | 0.01 | 0.01 | 98 | 106 | 110 | 110 |
| Reserves | -107 | 88 | 239 | 1,043 | 2,057 | 2,591 |
| Borrowings + | 334 | 463 | 335 | 371 | 5 | 38 |
| Other Liabilities + | 917 | 780 | 875 | 450 | 467 | 264 |
| Total Liabilities | 1,144 | 1,331 | 1,547 | 1,970 | 2,640 | 3,003 |
| Fixed Assets + | 259 | 259 | 272 | 362 | 616 | 711 |
| CWIP | 4 | 15 | 26 | 180 | 19 | 66 |
| Investments | 120 | 150 | 177 | 170 | 600 | 620 |
| Other Assets + | 761 | 908 | 1,073 | 1,258 | 1,406 | 1,607 |
| Total Assets | 1,144 | 1,331 | 1,547 | 1,970 | 2,640 | 3,003 |
Financials of Cello World Ltd
Cash Flows
Operating, investing and financing cash movement
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 194 | 187 | 227 | 231 | 262 | |
| Cash from Investing Activity + | -53 | -262 | -557 | -256 | -553 | |
| Cash from Financing Activity + | -133 | 94 | 324 | 26 | 311 | |
| Net Cash Flow | 8 | 20 | -6 | 2 | 20 | |
| Free Cash Flow | 169 | 136 | 124 | -22 | 98 | |
| CFO/OP | 95% | 81% | 78% | 68% | 75% |
Financials of Cello World Ltd
Ratios
Working capital efficiency and return ratios
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Debtor Days | 129 | 109 | 94 | 111 | 112 | 118 |
| Inventory Days | 236 | 233 | 197 | 199 | 186 | 167 |
| Days Payable | 76 | 78 | 62 | 62 | 53 | 47 |
| Cash Conversion Cycle | 290 | 265 | 230 | 248 | 245 | 238 |
| Working Capital Days | -120 | -57 | 90 | 108 | 184 | 279 |
| ROCE % | 53% | 48% | 36% | 24% | 17% |
Guidance history
How Cello World Ltd's guidance has moved, call by call
| Call | Revenue | Margins | Capex | Fundraising | Order book |
|---|---|---|---|---|---|
| Q1 FY27 call → | 0–10% | Flat | None planned | — | — |
| Q3 FY26 call → | 0–10% | Flat | Planned | — | — |
| Q2 FY26 call → | 10–20% | Flat | Planned | — | — |
What management guided on each call, newest first. Not investment advice, and not a forecast of returns.
Momentum score · price trend
11 out of 100 — Cooling
Over the past year its share price has done worse than most of the stocks we track.
| Period | Share price change | Better than … of 1,910 stocks |
|---|---|---|
| Last 12 months | −50.3% | 5% |
| Last 6 months | −21.5% | 18% |
| Last 3 months | −4.5% | 58% |
The price is 66.5% below its all-time high of ₹979.35 (12 Jul 2024). Stocks more than 20% below their peak have their score halved, so 21 became 11.
How we calculate it
“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).
The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For Cello World Ltd: 0.4 × 5 + 0.4 × 18 + 0.2 × 58 = 21, halved to 11 because the price is more than 20% below its all-time high.
Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.
Full methodology →This describes only how the share price has moved up to 30 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.
Continue your research
What Cello World Ltd's management said in earlier quarters
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