Creative Newtech Q2 FY27 Share Price & Earnings Call Analysis
- Market cap
- ₹2,194 Cr
- P/E
- 27.21
- ROE
- 18.82%
- PEG
- 0.76
- Price to sales
- 0.76
- Debt to equity
- 0.48
- 52W high / low
- ₹1,475 / ₹528
- Sales growth (5Y)
- 39.07%
- EBITDA margin
- 4.10%
- Net profit margin
- 2.60%
- Promoter holding
- 56.62%
- Sales (last year)
- ₹2,883 Cr
Incorporated in 1992, Creative Newtech Ltd is a Distributor of I.T., Imaging, Lifestyle and Security of branded products[1]
Guidance scorecard · Q2 FY27 call
What Creative Newtech's management guided
and where it ranks in Commercial Services & Supplies
Commercial Services & Supplies
RevenueQ2 FY27 call
20–40%- Revenue growth for FY27 is expected around 20%, based on current quarter performance of approximately 14% growth.
- Brand business revenue is forecasted to increase from 19% share of total revenue in Q2 FY27 to around 40% by FY29, contributing INR 2,400 crores.
- Surveillance market and categories like air purifiers, audio, and premium electronic essentials present large growth opportunities.
- WOZOYO brand sales could grow to INR 100-150 crores next year; combined Honeywell and WOZOYO expected close to INR 475-500 crores current year.
2 more points from Creative Newtech's call on revenue
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MarginsQ2 FY27 call
FlatSee what Creative Newtech said on margins — free account, 30 seconds.
CapexQ2 FY27 call
Planned- Creative Newtech has a significant ₹3,000 crore BSNL BharatNet Middle Mile Network Project in Odisha, with ₹1,700 crore capex spread over 3.5 years and ₹1,200 crore opex for maintenance over seven years.
- They expect ₹150-200 crore revenue in Q4 FY27 and ₹500-600 crore in the next financial year from BSNL, with a 6-7% net profit margin on billed value.
- The company plans strategic brand acquisitions for faster growth and is continuously investing in building infrastructure for market entry and digital infrastructure including data centers, fiber optics, and AI-focused technology.
- Expansion in surveillance, life safety technology, and drone tech, with partnerships (Infinova, Ravel Electronics, Drona Aviation, Jupiter Electric Mobility) supports future investments.
2 more points from Creative Newtech's call on capex
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FundraisingQ2 FY27 call
PlannedSee what Creative Newtech said on fundraising — free account, 30 seconds.
Order bookQ2 FY27 call
Rising- Creative Newtech Limited has received an advance work order for BSNL's BharatNet Middle Mile Network Project in the Odisha Telecom Circle, valued at approximately INR 3,194.83 crores.
- The project capex is around INR 1,700 crores, to be spread over about 3.5 years, with an additional opex of INR 1,200 crores for maintenance over the next seven years.
- Revenue booking from this project is expected to be INR 150-200 crores in the current financial year and INR 500-600 crores in the next financial year.
- The company anticipates net profits of about 6%-7% of billed value from this contract.
- Mobilization and ordering of materials are underway, with quality control and inspections by BSNL in place.
2 more points from Creative Newtech's call on the order book
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Ranges 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 Commercial Services & Supplies
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
Commercial Services & Supplies companies ranked on guidance
| # | Company | Revenue guided | Margin guided | Market cap | P/E |
|---|---|---|---|---|---|
| 1 | 40%+ | Up 2%+ | ₹41 Cr | 6.5 | |
| 2 | 40%+ | Up 0–2% | ₹25,682 Cr | 12.8 | |
| 3 | 40%+ | Flat | ₹387 Cr | 27.9 | |
| 4 | 40%+ | Flat | ₹97 Cr | 84.9 | |
| 5 | 40%+ | Flat | ₹92 Cr | 8.3 | |
| 6 | 20–40% | Up 2%+ | ₹17,591 Cr | 28.9 |
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Pro shows every company guiding 40%+ revenue growth →Full Commercial Services & Supplies rankingCreative Newtech announcements
All announcements →- Capex / expansionCreative Newtech Limited signs brand license agreement with AT&T Intellectual Property
- Board / shareholder meeting outcomeNotableCreative Newtech Limited announces voting results of 22nd AGM held on 30-Sep-2026
- Dividend / buyback / bonusNotableCreative Newtech AGM notice seeks approval for related party deals and pay revisions
Financials of Creative Newtech
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Shareholder Pattern
Creative Newtech
Shareholding breakup across reporting periods.
| Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters + | 56.91% | 56.67% | 56.68% | 56.16% | 56.16% | 56.60% | 56.60% | 56.62% | 56.62% | 56.62% | 56.62% | 56.62% |
| FIIs + | 0.00% | 0.07% | 0.14% | 0.29% | 0.89% | 0.98% | 1.01% | 0.37% | 0.22% | 0.22% | 0.27% | 0.48% |
| DIIs + | 1.49% | 1.58% | 1.57% | 1.52% | 1.52% | 0.96% | 0.96% | 0.98% | 1.04% | 1.08% | 1.28% | 2.23% |
| Public + | 41.59% | 41.68% | 41.61% | 42.02% | 41.43% | 41.47% | 41.43% | 42.03% | 42.12% | 42.09% | 41.83% | 40.67% |
| No. of Shareholders | 6,450 | 6,386 | 6,784 | 10,160 | 9,737 | 9,098 | 9,350 | 9,426 | 9,131 | 8,832 | 9,062 | 10,135 |
Financials of Creative Newtech
Quarterly Results
Quarter-by-quarter operating performance
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 430 | 511 | 304 | 301 | 411 | 659 | 404 | 394 | 656 | 914 | 741 | 476 | 752 |
| YoY Sales growth | +35% | +21% | -23% | -36% | -4% | +29% | +33% | +31% | +59% | +39% | +83% | +21% | +15% |
| Expenses + | 418 | 500 | 292 | 293 | 399 | 647 | 390 | 382 | 633 | 888 | 711 | 452 | 715 |
| Operating Profit | 12 | 11 | 12 | 8 | 12 | 12 | 15 | 12 | 23 | 26 | 30 | 24 | 38 |
| OPM % | 2.8% | 2.1% | 3.9% | 2.7% | 3.0% | 1.9% | 3.7% | 3.0% | 3.5% | 2.9% | 4.0% | 5% | 5% |
| Other Income + | 3 | 6 | 16 | 4 | 5 | 12 | 4 | 3 | 4 | 6 | -0 | 1 | 2 |
| Interest | 2 | 2 | 2 | 1 | 2 | 4 | 3 | 3 | 4 | 6 | 7 | 8 | 9 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 |
| Profit before tax | 12 | 13 | 25 | 11 | 15 | 20 | 16 | 12 | 22 | 26 | 22 | 17 | 30 |
| Tax % | 15% | 14% | 19% | 16% | 12% | 14% | 13% | 14% | 13% | 12% | 18% | 19% | 14% |
| Net Profit + | 10 | 12 | 20 | 9 | 13 | 17 | 14 | 10 | 19 | 23 | 18 | 14 | 26 |
| EPS in Rs | 7.44 | 8.22 | 14.43 | 6.44 | 9.28 | 11.99 | 9.14 | 6.78 | 12.62 | 15.56 | 11.85 | 9.02 | 17.27 |
Financials of Creative Newtech
Profit & Loss
Annual income statement trend
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|
| Sales + | 368 | 457 | 520 | 947 | 1,392 | 1,721 | 1,783 | 2,704 | 2,883 |
| Sales growth | +24% | +14% | +82% | +47% | +24% | +4% | +52% | +36% | |
| Expenses + | 357 | 442 | 507 | 915 | 1,357 | 1,672 | 1,728 | 2,613 | 2,765 |
| Operating Profit | 10 | 15 | 13 | 32 | 36 | 49 | 54 | 91 | 118 |
| OPM % | 2.8% | 3.4% | 2.4% | 3.4% | 2.6% | 2.8% | 3.0% | 3.4% | 4.1% |
| Other Income + | 3 | 1 | 6 | 1 | 10 | 20 | 19 | 13 | 9 |
| Interest | 5 | 5 | 5 | 6 | 9 | 10 | 10 | 21 | 30 |
| Depreciation | 1 | 1 | 1 | 1 | 2 | 1 | 1 | 2 | 2 |
| Profit before tax | 8 | 11 | 13 | 25 | 34 | 58 | 62 | 82 | 95 |
| Tax % | 29% | 30% | 28% | 23% | 20% | 17% | 14% | 14% | |
| Net Profit + | 6 | 8 | 9 | 19 | 27 | 48 | 53 | 70 | 81 |
| EPS in Rs | 5.04 | 6.71 | 8.23 | 13.32 | 19.52 | 31.22 | 30.77 | 41.20 | 53.70 |
| Dividend Payout % | 5% | 7% | 0% | 4% | 3% | 2% | 2% | 1% |
Financials of Creative Newtech
Balance Sheet
Capital structure and asset base
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 6 | 12 | 12 | 12 | 13 | 14 | 15 | 15 | 15 |
| Reserves | 28 | 40 | 47 | 70 | 105 | 202 | 279 | 349 | 386 |
| Borrowings + | 36 | 32 | 43 | 64 | 89 | 74 | 72 | 324 | 194 |
| Other Liabilities + | 49 | 71 | 90 | 107 | 82 | 72 | 166 | 249 | 731 |
| Total Liabilities | 119 | 155 | 192 | 253 | 288 | 361 | 532 | 937 | 1,325 |
| Fixed Assets + | 9 | 9 | 10 | 11 | 10 | 9 | 8 | 12 | 17 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 2 | 0 | 0 |
| Investments | 1 | 1 | 0 | 0 | 0 | 0 | 3 | 3 | 3 |
| Other Assets + | 108 | 145 | 182 | 243 | 278 | 353 | 518 | 922 | 1,306 |
| Total Assets | 119 | 155 | 192 | 253 | 288 | 361 | 532 | 937 | 1,325 |
Financials of Creative Newtech
Cash Flows
Operating, investing and financing cash movement
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | -4 | -2 | -4 | -19 | -21 | -28 | 22 | -272 |
| Cash from Investing Activity + | -2 | -1 | -2 | -3 | -0 | -24 | -5 | -1 |
| Cash from Financing Activity + | 7 | 3 | 7 | 22 | 21 | 57 | 20 | 234 |
| Net Cash Flow | 1 | -1 | 2 | 1 | -0 | 5 | 37 | -39 |
| Free Cash Flow | -6 | -3 | -6 | -21 | -22 | -29 | 19 | -275 |
| CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | -21% | 5% | -8% | -40% | -38% | -41% | 59% | -287% |
Financials of Creative Newtech
Ratios
Working capital efficiency and return ratios
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Debtor Days | 44 | 31 | 39 | 33 | 24 | 31 | 49 | 76 |
| Inventory Days | 30 | 54 | 46 | 41 | 23 | 18 | 24 | 25 |
| Days Payable | 29 | 26 | 29 | 27 | 13 | 12 | 30 | 27 |
| Cash Conversion Cycle | 45 | 59 | 56 | 47 | 34 | 37 | 42 | 75 |
| Working Capital Days | 26 | 35 | 35 | 31 | 31 | 44 | 50 | 47 |
| ROCE % | 21% | 19% | 24% | 24% | 26% | 21% | 19% |
Guidance history
How Creative Newtech's guidance has moved, call by call
| Call | Revenue | Margins | Capex | Fundraising | Order book |
|---|---|---|---|---|---|
| Q2 FY27 call → | 20–40% | Flat | Planned | Planned | Rising |
| Q4 FY26 call → | 20–40% | Flat | Planned | Planned | — |
| Q2 FY26 call → | 10–20% | Up 2%+ | Planned | — | — |
| Q4 FY25 call → | 20–40% | Flat | Planned | — | Flat |
What management guided on each call, newest first. Not investment advice, and not a forecast of returns.
Momentum score · price trend
94 out of 100 — Strengthening
Over the past year its share price has done better than most of the stocks we track.
| Period | Share price change | Better than … of 1,937 stocks |
|---|---|---|
| Last 12 months | +111.5% | 94% |
| Last 6 months | +117.6% | 98% |
| Last 3 months | +21.5% | 88% |
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 (1,937 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 Creative Newtech: 0.4 × 94 + 0.4 × 98 + 0.2 × 88 = 94.
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 11 Nov 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 Creative Newtech's management said in earlier quarters
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