āagman

Not investment advice. Data and computed figures, for information only.

Cello World Ltd

NSE: CELLO
₹363.45
−₹9.95 (−2.66%)
NSE · 15 Oct 2026, close
NSE
As of 31 Mar 2026
Market Cap
₹8,231 Cr
CMP
₹363.45
52-wk High / Low
₹674 / 314
P/E
25.9
P/B
3.0
Book Value
₹122.0
Div Yield
0.41%
ROCE
17.0%
ROE
13.2%
Face Value
₹5
D/E
0.01

Price−39.4% over 1Y

āagman read

Computed by āagman
Derived from 6 years and 14 quarters of filings. Not reported by the company.
As of 15 Oct 2026
How we compute these
Piotroski F-Score
3
/ 9
3 of 9 F-score tests passed
Graham Number
₹203
√(22.5 × EPS × book value per share)
ROIC
10.8%
vs 12.3% sector median
Cash flow to profit
0.77
CFO / PAT
Above 1.0 = operating cash flow exceeded reported profit
Margin change
−182
bps OPM YoY
Operating margin vs the same quarter last year
Sustainable growth
11.8%
ROE × earnings retention ratio
ROE stability
89.5
pp σ
Standard deviation of ROE across periods. Lower = more stable
Holder deltas
QoQ
pp
Prom −1.50FII −3.26DII +1.83
Latest quarter vs the previous one
Cash-accrual divergence
2.7%
of assets
Low = accruals track cash flow
Strengths
+PE of 25.9x is below the sector median of 38.5x
Watch-outs
−Latest ROCE of 17% trails the sector median of 19%
−Price trades below its 200-day moving average (0.9x)
−Price is 46.1% below its 52-week high
−Piotroski F-Score of 3/9 is in the weak band (≤3)

Peer comparison

Peers
NameP/EMar Cap ₹ CrROCE %ROE %

Quarterly results

Consolidated basis (as filed) · ₹ Cr · 13 quarters
As of 30 Jun 2026
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales472489527512501490557589529587554654527
Expenses353369395380372371430454420460448525428
Operating Profit11912013213312911912713510912810612999
OPM %25.2%24.5%25.0%26.0%25.7%24.3%22.8%22.9%20.6%21.8%19.1%19.7%18.8%
Other Income81147613121317149818
Interest1101100000101
Depreciation12131518141515181920202022
Profit before tax1151181211211201171241301081219411695
Net Profit83879196898792968191699073
EPS (₹)3.974.104.004.183.893.703.913.993.313.882.884.083.25

Profit & Loss

As of 30 Jun 2026
Consolidated · ₹ Cr · 6 years + TTM
Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales1,0491,3591,7972,0002,1362,3242,321
Expenses7731,0261,3761,4911,6261,8521,860
Operating Profit277334421509510471461
OPM %26.4%24.6%23.4%25.5%23.9%20.3%19.9%
Other Income10161725454848
Interest2323122
Depreciation49485057627881
Profit before tax236299385475491440427
Net Profit166220285356365332324
EPS (₹)1,51,200.002,04,000.0013.6515.6016.5015.0114.09

Balance Sheet

As of 30 Jun 2026
Consolidated · ₹ Cr
Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Jun 2026
Equity Capital0098106110110—
Reserves−107882391,0432,2982,591—
Borrowings334463335371538—
Other Liabilities917780875450226263—
Total Liabilities1,1441,3311,5471,9702,6403,002—
Fixed Assets259259272362616711—
CWIP415261801966—
Investments120150177170600620—
Other Assets7619081,0731,2581,4061,606—
Total Assets1,1441,3311,5471,9702,6403,002—

Cash Flows

As of 31 Mar 2026
Consolidated · ₹ Cr
Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity194187227231262255
Cash from Investing Activity−53−262−557−256−553−176
Cash from Financing Activity−1339432426311−5
Net Cash Flow820−622075

Ratios

As of 31 Mar 2026
6 periods
Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %—53.048.036.024.017.0
ROE %—————13.2
EPS (₹)1,51,200.002,04,000.0013.6515.6016.5015.01
Book Value (₹)—————122.0
Face Value (₹)—————5
P/E—————25.9
Div Yield %—————0.41
NPM %15.716.015.717.616.714.0
OPM %26.025.023.025.024.020.0
D/E—5.260.990.320.000.01
P/B—————3.0

Growth

As of 11 Oct 2026
Compounded sales growth
5 years+17.0%
3 years+9.0%
TTM+7.0%
Compounded profit growth
5 years+17.0%
3 years+8.0%
TTM−3.0%
Stock price CAGR
Last year−39.0%
Return on equity
3 years20.0%
Last year13.0%

Shareholding pattern

As of 30 Sep 2024
Dec 2023Mar 2024Jun 2024Sep 2024
Promoters78.06%75.00%75.00%73.50%
FIIs4.43%6.51%5.52%2.26%
DIIs12.44%13.80%12.73%14.56%
Government————
Public5.07%4.69%6.74%9.67%
No. of shareholders1,32,5051,22,6501,20,7361,38,648
Change since Dec 2023 (pp)
Promoters −4.56FIIs −2.17DIIs +2.12Public +4.60

Documents

As of 11 Oct 2026
Announcements
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018Clarification To Volume Movement LetterClarification sought from Cello World LtdClosure of Trading WindowReport From The Audit And Independent Directors Committee Pursuant To Composite Scheme Of Amalgamation
Annual reports
Annual Report 2026Annual Report 2025Annual Report 2024
Concalls
Aug 2026TranscriptAug 2026PPTAug 2026RecordingJun 2026TranscriptJun 2026PPTFeb 2026TranscriptFeb 2026PPTFeb 2026RecordingNov 2025TranscriptNov 2025PPTNov 2025RecordingAug 2025TranscriptAug 2025PPT

Corporate actions

As of 31 Jul 2026
31 Jul 2026DIVIDENDDividend - Rs 1.50 Per Share—
1 Aug 2025DIVIDENDDividend - Rs 1.50 Per Share—
2 Aug 2024DIVIDENDAnnual General Meeting/Dividend - Rs 1.50 Per Sh—
Fundamentals from a third-party compiler of exchange filings; prices from the exchanges. Not investment advice.© 2026 āagman