On 6 Nov 2026, Cello World was priced at ₹363.75, or 26.4× trailing earnings, against an industry P/E of 30.6×, and the shares are 44% below their 52-week high. Sales and net profit grew 9.2% and 7.6% a year over 3 years, with ROCE of 16% and ROE of 12%. It carries very little debt, and its dividend yield is 0.4%. It is a small-cap company with a market cap of ₹8,204 Cr, ranked 6th of 54 Furnishings, Fixtures & Appliances companies by market cap; the shares fell 42% over the past year.
- ₹366.80
- ₹369.00
- ₹350.10
- ₹372.20
- 4.3 L
Health check
- ReturnsBehind
−41.6% over a year, better than 0 of 7 peers.
- Price tagIn line
P/E 26.4 vs industry 30.6.
- GrowthSteady
Sales +9.2%, profit +7.6% a year over 3 years.
- ProfitabilityAverage
ROCE 16.1% vs peer median 8.1%.
- Balance sheetStretched
Practically debt-free, Piotroski 3 of 9.
- Red flags2 to check
Quarterly sales down 0.4% on a year ago.
Small cap
Market sensitivity
Key metrics
- Market cap
- ₹8,204 Cr
- Small cap
- P/E
- 26.4
- Industry 30.6
- Price to book
- 2.91
- Peers 4.21
- Dividend yield
- 0.41%
- ROE
- 11.7%
- Peers 5.8%
- ROCE
- 16.1%
- Peers 8.1%
- Debt to equity
- 0.01
- Debt ₹28 Cr
- EPS (TTM)
- ₹13.76
- Face value ₹5
- OPM (TTM)
- 19.9%
- Net margin 13.3%
- Sales growth
- −0.4%
- Latest quarter vs a year ago
- Profit growth
- −9.0%
- Latest quarter vs a year ago
- Price to sales
- 3.47
- EV/EBITDA 16.8
Strengths and risks
Strengths
- Practically debt-free.
- Positive operating cash flow in each of the last 4 years.
Risks to check
- Quarterly sales down 0.4% on a year ago.
- 44% below its 52-week high.
About Cello World
Cello World Limited manufactures and sells consumer houseware and glassware products in India and internationally. The company offers vacuum-insulated steel products, including flasks, bottles, sports bottles, kids' bottles, mugs, tiffin's, soup and food jars, serving pots, and beverage dispensers, as well as hot pots, lunch packs, water jugs, single-walled steel bottles, and containers. It also provides opalware; and glassware, such as tumblers, bottles,…
- Headquarters
- Mumbai
- Employees
- 469
- Sector
- Consumer Cyclical
- ISIN
- INE0LMW01024
- Website
- corporate.celloworld.com
Price range
- Avg volume (3M)
- 9.1 L
- 1-year return
- minus 41.6%
- From 52-week high
- minus 44.1%
Analyst consensus
Peers · Furnishings, Fixtures & Appliances
| Company | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| VOLTASVoltas | 1,099.00 | minus 1.47% | 36,364 | 77.8 | 5.39 | 9.3% | 5.8% | 4.9% | 14.5% | 40.7% | 0.36% | minus 17.9% |
| AMBERAmber Enterprises India | 6,403.00 | minus 2.76% | 22,582 | 236.1 | 5.15 | 7.2% | 5.3% | 7.2% | 20.7% | 4.2% | 0.00% | minus 15.5% |
| CROMPTONCrompton Greaves Consumer Electricals | 215.66 | plus 4.42% | 13,887 | – | 4.59 | −1.5% | −4.4% | 10.3% | 5.6% | – | 1.39% | minus 27.1% |
| WHIRLPOOLWhirlpool of India | 826.70 | plus 0.44% | 10,493 | 41.8 | 2.52 | 9.0% | 7.2% | 6.2% | 6.4% | 10.3% | 0.60% | minus 40.1% |
| TTKPRESTIGTTK Prestige | 608.75 | plus 10.47% | 8,338 | 43.1 | 4.21 | 10.8% | 8.3% | 8.8% | 2.3% | −14.2% | 1.23% | minus 17.6% |
| CELLOCello World | 363.75 | minus 2.27% | 8,204 | 26.4 | 2.91 | 16.1% | 13.0% | 19.9% | 9.2% | 7.6% | 0.41% | minus 41.6% |
| EUREKAFORBEureka Forbes | 366.20 | plus 4.27% | 7,092 | 37.1 | 1.54 | 4.0% | 3.6% | 11.5% | 9.0% | 83.1% | 0.00% | minus 35.1% |
| SFLSheela Foam | 530.60 | plus 0.14% | 5,794 | 23.1 | 1.78 | – | 7.7% | 10.1% | 10.0% | −7.1% | 0.20% | minus 26.1% |
| Median of 7 peers | – | 0.44% | 10,493 | 42.5 | 4.21 | 8.1% | 5.8% | 8.8% | 9.0% | 7.2% | 0.36% | −26.1% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 529 | 587 | 554 | 654 | 527 | |
| 420 | 460 | 448 | 525 | 428 | |
| 109 | 128 | 106 | 129 | 99 | |
| 20.6% | 21.7% | 19.1% | 19.7% | 18.8% | |
| 17.2 | 13.6 | 16.6 | 7.6 | 18.1 | |
| 0.1 | 0.5 | 0.6 | 0.4 | 0.6 | |
| 18.6 | 19.5 | 19.9 | 19.7 | 21.8 | |
| – | – | −7.4 | – | – | |
| 108 | 121 | 94.4 | 116 | 94.7 | |
| 25.0% | 24.7% | 26.5% | 22.6% | 22.5% | |
| 80.7 | 85.7 | 63.6 | 90.1 | 73.4 | |
| 3.58 | 3.87 | 2.88 | 4.00 | 3.25 |
Profit & loss
- Sales CAGR 3Y
- +9.2%
- Profit CAGR 3Y
- +7.6%
- EPS CAGR 3Y
- +5.4%
- ROE
- 11.7%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 1,786 | 2,000 | 2,136 | 2,324 | |
| – | +12.0% | +6.8% | +8.8% | |
| 1,350 | 1,491 | 1,626 | 1,852 | |
| 436 | 510 | 511 | 472 | |
| 24.4% | 25.5% | 23.9% | 20.3% | |
| 9.6 | 13.4 | 13.2 | 18.6 | |
| 1.8 | 2.6 | 1.5 | 1.5 | |
| 50.3 | 56.7 | 62 | 77.7 | |
| −8.7 | 11.2 | 30.8 | 28.1 | |
| 385 | 475 | 491 | 440 | |
| 26.0% | 25.0% | 25.8% | 24.6% | |
| 266 | 331 | 365 | 332 | |
| – | +24.4% | +10.1% | minus 9.1% | |
| 12.54 | 15.60 | 16.16 | 14.70 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 97.5 | 106 | 110 | 110 | |
| 239 | 1,043 | 2,298 | 2,591 | |
| 335 | 371 | 5.3 | 38.1 | |
| 880 | 452 | 228 | 264 | |
| 1,552 | 1,972 | 2,642 | 3,003 | |
| 332 | 568 | 652 | 790 | |
| 60.7 | 208 | 38.2 | 80.4 | |
| 51 | 63.7 | 34.8 | 26.5 | |
| 162 | 148 | 640 | 725 | |
| 946 | 985 | 1,277 | 1,381 | |
| 1,552 | 1,972 | 2,642 | 3,003 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 227 | 231 | 262 | 255 | |
| −557 | −256 | −553 | −176 | |
| 324 | 26 | 311 | −4.7 | |
| −5.7 | 1.6 | 19.5 | 74.7 | |
| −114 | −264 | −167 | −219 | |
| 113 | −32.8 | 94.5 | 35.7 | |
| −9.6 | −4.6 | −38.6 | −38.5 |
Shareholding pattern
- Promoters73.50%
- Public26.50%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 73.50% | 26.50% | 0.00 | |
| 3 Sep 2026 | 73.50% | 26.50% | minus 1.50 | |
| 30 Jun 2026 | 75.00% | 25.00% | 0.00 | |
| 31 Mar 2026 | 75.00% | 25.00% | 0.00 | |
| 31 Dec 2025 | 75.00% | 25.00% | – |
Major shareholders
Filings & events
News
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