New Product Or Brand Launch
Expected: H1 FY26HIGH confidence
What: Product Categories: Kettles, Airfryers, Blenders
“Cellecor has expanded into multiple high-demand categories, including Kettles, Boilers, Irons, Airfryers, Blenders, Inductions etc.”
Cellecor Gadgets Ltd: Why Is It Outperforming Nifty 500?
ActiveRS +55.8%AverageNew This Week
In , Cellecor Gadgets Ltd (Retail - Electronics) is outperforming Nifty 500 with +55.8% relative strength. Fundamentals: Average.
Cellecor Gadgets Ltd Key Facts
- PE Ratio
- 22.4x
- Market Cap
- ₹803 Cr
- PAT Growth YoY
- +33%
- Revenue Growth YoY
- +51%
- OPM
- 5.0%
- RS vs Nifty 500
- +55.8%
PE: Mid ContractionStrong Opportunity
What's Happening
💎PE falling while earnings hold — value emerging
📊Debt increased 22% YoY — leverage rising
👔Promoter stake down 5.2% this quarter
🌐FII stake increased 8.8% this quarter
🏛️DII reducing — stake down 2.1%
💰Trading 188% below estimated fair value — significant discount
Earnings Acceleration Triggers
1. New Product Or Brand Launch
H1 FY26HIGH
2. Geographical Expansion
H1 FY26MEDIUM
3. Order Book Or Contract Wins
H1 FY26MEDIUM
Key Risks
1. Raw material cost trajectory vs realization is a factor in the electronics indus
MEDIUMSector-Specific Signals
Exclusive Brand Stores8 stores
Retail Touchpoints70,000++38,000
Distributors1,800++800
Service Centres2,000++500
Key Numbers
PAT Growth YoY
+33%
Stable
Revenue YoY
+51%
Stable
Operating Margin
5.0%
-100 bps YoY
PE Ratio
22.4
Current Price
₹36
Fundamental Score
55/100
Average
3Y PAT CAGR
+80%
Market Cap
954 Cr
Valuation
Significantly Undervalued12-Week Performance
Weekly presence in the outperformers list. Green = beating Nifty 500 by 10%+ that week.
12 weeks agoThis week
Why Are Cellecor Gadgets Ltd's Earnings Accelerating?
Based on Q2 FY26 earnings • Updated Apr 18, 2026
Geographical Expansion
Expected: H1 FY26MEDIUM confidence
What: Retail Touchpoints: 70,000+
“Cellecor continues to strengthen its offline brand experience with a growing chain of Exclusive Brand Stores across India. As of H1 FY25-26, we have a total of 8 exclusive outlets”
Order Book Or Contract Wins
Expected: H1 FY26MEDIUM confidence
What: B2B Partnerships: Zomato, Dish TV
“In H1 FY25-26, we further strengthened our online reach by adding Zomato, Zepto, Blinkit, and Dish TV as new partners.”
Operating Leverage Inflection
LOW confidence
What: Warehouse Expansion: 8 to 12 locations
“Cellecor has expanded its warehouse footprint from 8 to 12 locations, strengthening regional coverage and enabling faster delivery.”
Value Added Product Mix Shift
LOW confidence
What: SKU Count: 600+
“This financial year's exceptional performance can be attributed to the substantial increase in sales volume and the significant growth in the percentage of value-added products.”
H1 FY26 Revenue of ₹641.5 Cr
HIGH confidence
What: H1 FY26 Revenue of ₹641.5 Cr
“we have achieved record revenue performance, strengthened our distribution and manufacturing network, and deepened our digital and retail presence across India.”
Revenue Target guidance raised
HIGH confidence
What: ₹500 Cr (FY24) → ₹1000 Cr (FY26)
“3rd Milestone: Rs. 1000 Crore Achieving shortly…. We are on track of achieving Rs.1000 Crore milestone”
What Are the Key Risks for Cellecor Gadgets Ltd?
Earnings deceleration risks from management commentary
Raw material cost trajectory vs realization is a factor in the electronics indus
MEDIUMTrigger: Not explained on call
Management view: Focusing on backward integration and manufacturing alliances to manage costs.
Monitor: commodity
What Is Cellecor Gadgets Ltd's Management Saying?
Key quotes from recent conference calls
“2nd Milestone: Rs. 500 Crore FY 24 Sales: Rs. 501 Crore [Previous Revenue Milestone guidance]”
“A major focus has been the scaling up of B2B and institutional sales, catering to bulk orders from enterprises, corporates, and government institutions. [Initiative: B2B & Institutional Sales]”
“In coming quarters, Cellecor will advance its manufacturing and innovation ecosystem under the “Make in India for the World” vision [Initiative: Manufacturing Scale-Up (Make in India)]”
“In coming quarters, Cellecor will accelerate its growth across e-commerce and quick-commerce platforms, expanding product visibility and ensuring faster delivery [Initiative: E-commerce & Quick-commerce Expansion]”
What Did Cellecor Gadgets Ltd Report This Quarter?
Headline numbers from the latest earnings call
Revenue
₹641.5 Cr
YoY +50.7%QoQ +6.9%
Why: Growth was driven by record revenue performance and the expansion of distribution and manufacturing networks across India.
Revenue growth reflects strong momentum in both existing and newly launched product categories.
EBITDA
₹34.1 Cr
YoY +34.8%Margin 5.3%
Why: The increase in EBITDA is attributed to scaling operations and improved channel efficiency despite a slight margin compression from 5.9% to 5.3%.
EBITDA growth lagged revenue growth slightly, leading to a 60 bps margin contraction year-on-year.
PAT
₹19.6 Cr
YoY +35.2%QoQ +20.2%
Why: Profitability improved due to higher sales volumes and successful execution of new contracts across diverse consumer segments.
PAT growth was supported by a significant increase in operational scale and effective tax management.
Other Highlights
• Retail touchpoints expanded to over 70,000+ nationwide.
• Cash and cash equivalents increased to ₹58.2 Cr from ₹21.8 Cr in March 2025.
• Inventory levels reduced to ₹195.8 Cr from ₹209.9 Cr in March 2025.
What Sector Metrics Matter for Cellecor Gadgets Ltd?
Sub-sector-specific signals from the latest concall — each with management's stated reason for the change
Exclusive Brand Stores
8 stores
QoQ +1 store
Why: One new store launched during this half year in Leh Ladakh.
Retail Touchpoints
70,000+
YoY +38,000
Why: Efforts to expand distribution network to make products accessible to a wider range of customers.
Distributors
1,800+
YoY +800
Why: Expanding the company's distributor count to increase product availability across India.
Service Centres
2,000+
YoY +500
Why: Building lasting trust by ensuring a smooth and dependable post-purchase journey.
SKUs
600+
YoY +200
Why: Expanding product range to include air conditioners, smart TVs, and home appliances.
Inventory Value
₹195.8 Cr
QoQ -₹14.1 Cr
Why: Implementing better and faster inventory management systems across locations.
Debt Equity Ratio
0.8
YoY 0.0QoQ 0.0
Why: Maintained stable leverage despite scaling operations.
Return on Equity
11.5%
QoQ -100 bps
Why: Slight decline from 12.5% in H2 FY25.
What Is Cellecor Gadgets Ltd's Management Guidance?
Forward-looking targets from management for FY26
Revenue Outlook
₹1000 Cr
Management Tone: BULLISH
Guidance Changes
RAISED
Revenue Target: ₹500 Cr (FY24) → ₹1000 Cr (FY26)
How Fast Is Cellecor Gadgets Ltd Growing?
Revenue, profit and margin growth rates
| Metric | YoY | 3Y CAGR | Trend |
|---|---|---|---|
| Revenue | +51% | +80% | Stable |
| PAT (Net Profit) | +33% | +80% | Stable |
| OPM | 5.0% | -100 bps | Stable |
The above analysis is parsed from publicly available earnings call transcripts. This is educational research only — not investment advice. Last updated Apr 18, 2026.
Other Top Retail - Electronics Stocks Beating Nifty 500
Frequently Asked Questions: Cellecor Gadgets Ltd
Based on publicly available financial data. This is educational research, not investment advice.
What were Cellecor Gadgets Ltd's latest quarterly results?
Cellecor Gadgets Ltd's latest quarterly results (Sep 2025) show
- PAT Growth YoY: +33.3% (stable)
- Revenue Growth YoY: +50.5%
- Operating Margin: 5.0% (stable)
Is Cellecor Gadgets Ltd's profit growing or declining?
Cellecor Gadgets Ltd's profit is growing with an stable trend.
- PAT Growth YoY: +33.3% (latest quarter)
- PAT Growth QoQ: +25.0% (sequential)
- 3-Year PAT CAGR: +80.0%
- Trend: Stable — consistent growth pattern
What is Cellecor Gadgets Ltd's revenue growth trend?
Cellecor Gadgets Ltd's revenue growth trend is stable.
- Revenue Growth YoY: +50.5%
- Revenue Growth QoQ: +6.8% (sequential)
- 3-Year Revenue CAGR: +80.0%
How is Cellecor Gadgets Ltd's operating margin trending?
Cellecor Gadgets Ltd's operating margin is stable.
- Current OPM: 5.0%
- OPM Change YoY: -1.0% basis points
- OPM Change QoQ: 0.0% basis points
What is Cellecor Gadgets Ltd's 3-year profit and revenue CAGR?
Cellecor Gadgets Ltd's long-term compounding rates
- 3-Year Profit CAGR: +80.0%
- 3-Year Revenue CAGR: +80.0%
Is Cellecor Gadgets Ltd's growth accelerating or decelerating?
Cellecor Gadgets Ltd's earnings growth is stable with positive momentum on a sequential basis.
- YoY Acceleration: -44.5% bps
- Sequential Acceleration: +18.3% bps
Is Cellecor Gadgets Ltd overvalued or undervalued?
Cellecor Gadgets Ltd appears significantly undervalued based on our fair value analysis.
- Valuation Signal: Significantly Undervalued
- Current PE: 22.4x
- Price-to-Book: 4.3x
What is Cellecor Gadgets Ltd's current PE ratio?
Cellecor Gadgets Ltd's current PE ratio is 22.4x.
- Current PE: 22.4x
- Market Cap: 803 Cr
How does Cellecor Gadgets Ltd's valuation compare to its history?
Cellecor Gadgets Ltd's current PE is 22.4x.
- Current PE: 22.4x
- Valuation Assessment: Significantly Undervalued
What is Cellecor Gadgets Ltd's price-to-book ratio?
Cellecor Gadgets Ltd's price-to-book ratio is 4.3x.
- Price-to-Book (P/B): 4.3x
- Book Value per Share: ₹8
- Current Price: ₹36
Is Cellecor Gadgets Ltd a fundamentally strong company?
Cellecor Gadgets Ltd is rated Average with a fundamental score of 54.91/100. This score is calculated from objective financial metrics
- Revenue Growth YoY: +50.5% (10% weight)
- PAT Growth YoY: +33.3% (10% weight)
- PAT Growth QoQ: +25.0% (10% weight)
- Margins stable (10% weight)
Is Cellecor Gadgets Ltd debt free?
Cellecor Gadgets Ltd has a debt-to-equity ratio of N/A.
- Total Debt: ₹121 Cr
What is Cellecor Gadgets Ltd's return on equity (ROE) and ROCE?
Cellecor Gadgets Ltd's return ratios over recent years
- FY2023: ROCE 64.0%
- FY2024: ROCE 29.0%
- FY2025: ROCE 24.0%
Is Cellecor Gadgets Ltd's cash flow positive?
Cellecor Gadgets Ltd's operating cash flow is negative (FY2025).
- Cash from Operations (CFO): ₹-34 Cr
- Free Cash Flow (FCF): ₹-52 Cr
- CFO/PAT Ratio: -110% (weak cash conversion)
What is Cellecor Gadgets Ltd's dividend yield?
Cellecor Gadgets Ltd currently does not pay a significant dividend (yield 0.00%).
- Dividend Yield: 0.00%
- Current Price: ₹36
Who holds Cellecor Gadgets Ltd shares — promoters, FII, DII?
Cellecor Gadgets Ltd's shareholding pattern (Mar 2026)
- Promoters: 46.3%
- FII (Foreign): 8.7%
- DII (Domestic): 0.0%
- Public: 31.9%
Is promoter holding increasing or decreasing in Cellecor Gadgets Ltd?
Cellecor Gadgets Ltd's promoter holding has remained stable recently.
- Current Promoter Holding: 46.3% (Mar 2026)
- Previous Quarter: 46.3% (Sep 2025)
- Change: 0.00% (stable)
How long has Cellecor Gadgets Ltd been outperforming Nifty 500?
Cellecor Gadgets Ltd has been outperforming Nifty 500 for 1 consecutive week, indicating early-stage outperformance.
Is Cellecor Gadgets Ltd a new momentum entry or an established outperformer?
Cellecor Gadgets Ltd is a new entry this week — it just started outperforming Nifty 500. New entries are worth monitoring for follow-through.
What are the growth catalysts for Cellecor Gadgets Ltd?
Cellecor Gadgets Ltd has 7 key growth catalysts identified from recent earnings analysis
- New Product Or Brand Launch — Broadening the portfolio to become a one-stop solution for modern living.
- Geographical Expansion — Strengthening offline brand experience through a growing chain of Exclusive Brand Stores.
- Order Book Or Contract Wins — Tapping into the growing demand for instant and convenient shopping experiences.
- Operating Leverage Inflection — Scaling efficiently while maintaining cost discipline and improving delivery speed.
What are the key risks in Cellecor Gadgets Ltd?
Cellecor Gadgets Ltd has 1 key risk worth monitoring
- [MEDIUM] Raw material cost trajectory vs realization is a factor in the electronics indus — Raw material cost trajectory vs realization is a factor in the electronics industry.
What did Cellecor Gadgets Ltd's management say in the latest earnings call?
In Q2 FY26, Cellecor Gadgets Ltd's management highlighted
- "2nd Milestone: Rs. 500 Crore FY 24 Sales: Rs. 501 Crore [Previous Revenue Milestone guidance]"
- "A major focus has been the scaling up of B2B and institutional sales, catering to bulk orders from enterprises, corporates, and government institution..."
- "In coming quarters, Cellecor will advance its manufacturing and innovation ecosystem under the “Make in India for the World” vision [Initiative: Manu..."
What is Cellecor Gadgets Ltd's management guidance for growth?
Cellecor Gadgets Ltd's management has provided the following forward guidance for FY26
- Revenue outlook: ₹1000 Cr
- Margin outlook: Not Given
- Capex plan: Not Given for Manufacturing Scale-Up
- Management tone: bullish
- Milestone: [RAISED] Revenue Target: ₹500 Cr (FY24) → ₹1000 Cr (FY26)
What sector-specific metrics matter most for Cellecor Gadgets Ltd?
Cellecor Gadgets Ltd's most important sub-sector-specific KPIs from the latest concall
- Exclusive Brand Stores: 8 stores (QoQ +1 store) — One new store launched during this half year in Leh Ladakh.
- Retail Touchpoints: 70,000+ (YoY +38,000) — Efforts to expand distribution network to make products accessible to a wider range of customers.
- Distributors: 1,800+ (YoY +800) — Expanding the company's distributor count to increase product availability across India.
- Service Centres: 2,000+ (YoY +500) — Building lasting trust by ensuring a smooth and dependable post-purchase journey.
- SKUs: 600+ (YoY +200) — Expanding product range to include air conditioners, smart TVs, and home appliances.
- Inventory Value: ₹195.8 Cr (QoQ -₹14.1 Cr) — Implementing better and faster inventory management systems across locations.
Is Cellecor Gadgets Ltd worth studying for long term investment?
Based on quantitative research signals, here is why Cellecor Gadgets Ltd may be worth studying
- Earnings growing at +33.3% YoY
- Valuation: appears significantly undervalued
What is the investment thesis for Cellecor Gadgets Ltd?
Cellecor Gadgets Ltd investment thesis summary:
Research Signals (Bull Case)
- Revenue growing at +50.5% YoY
- Appears significantly undervalued
- Growth catalyst: New Product Or Brand Launch
Risk Factors (Bear Case)
- Key risk: Raw material cost trajectory vs realization is a factor in the electronics indus
What is the future outlook for Cellecor Gadgets Ltd?
Cellecor Gadgets Ltd's forward outlook based on current data signals
- Earnings Trend: stable
- Revenue Trend: stable
- Margin Trend: stable
- Valuation: Significantly Undervalued
- Key Catalyst: New Product Or Brand Launch
- Key Risk: Raw material cost trajectory vs realization is a factor in the electronics indus
The above FAQs are generated from publicly available earnings data and conference call transcripts. This is educational research only. Sector Alpha is not SEBI registered and does not provide investment advice.