Cellecor Gadgets share price today

Cellecor Gadgets Ltd's share price was ₹27.70 at the close on 4 November 2026. It has been falling for 8 weeks. That is 14.4% below its average price over the last 200 trading days. In the last 52 weeks it traded between ₹24 and ₹43, and at that close it sat 21% of the way up from that low.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today Cellecor Gadgets Ltd is in stage 4. The phase helps read everything below.

Over the past 13 weeks it has done worse than the NIFTY 500, and it has been behind for 22 weeks running.

Over the last 3.1 years the share price moved +173% while the NIFTY 500 moved +28%, so it is ahead of the index over that whole period. It was last ahead over 13 weeks in the week of 19 June 2026. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

2 points in one quarter and revenue up on a year earlier for 6 quarters in a row (every quarter we can compare).

2. Promoters cut their stake by 3.2 points in one quarter

   From 46.3% to 43.1% in the September 2026 quarter.

3. Revenue up on a year earlier for 6 quarters in a row (every quarter we can compare)

   In the March 2026 quarter revenue was ₹650 crore, +8.3% on a year earlier.

For January to March 2026 (the quarter ended 31 March 2026), Cellecor Gadgets reported revenue of ₹650 crore, up 8.3% from ₹600 crore a year earlier, and a profit of ₹20.0 crore, up 25.0% from ₹16.0 crore.

Cellecor Gadgets results: January to March 2026 against a year earlier

The next results, for April to June 2026, were due by 14 August 2026: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter). This page shows them once our weekly data update has read them.

From the company's reported quarterly results (quarter ended 31 March 2026). Revenue and profit in ₹ crore.

Cellecor Gadgets closed at ₹27.70 on 4 November 2026, down 11.4% from ₹31.25 a year earlier (7 November 2025) and up 25.9% over three years. Its highest weekly close since September 2023 was ₹72.20 on 3 January 2025.

Cellecor Gadgets share price: then and now

Weekly closing prices. Each change is the move from that price to the 4 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes.

169 weekly closes from 29 September 2023 to 4 November 2026.

4 Nov 2026: Cellecor Gadgets closed at ₹27.70, up 1.7% on the week and down 4.2% on the month. Our read, 31 May 2026: India's fastest-doubling affordable-electronics brand scaling from ₹264 Cr (FY23) to ₹1,292 Cr (FY26) in three years, but margins remain thin at ~3% profit and a USD 32.5M FCCB overhang carries dilution risk.

Earlier

• Results for January to March 2026: Revenue up 8.3% and profit up 25.0% on a year earlier.

Our read of the business

Cellecor is a capital-light brand aggregator in India's value-electronics segment, no owned factories, ~100k retail touchpoints, and a SKU library of 600+ products across TVs, wearables, kitchen appliances, and ACs.

Latest quarter: FY26 closes at ₹1,292 Cr, growth decelerates to +26% but profit and operating profit track guide directionally.

Our read after the latest results, written 31 May 2026.

Cellecor Gadgets has paid no dividend on the NSE since its first NSE close in our records (29 September 2023), the start of the period we checked.

No. Cellecor Gadgets Ltd paid out 0% of its profit as dividends in each of its last 6 reported years, so there is no payout history to show. That comes from the filed annual statements, not an estimate.

From the NSE corporate-actions record, read 5 November 2026.

Cellecor Gadgets' management made 0 promises we could check against what it later reported.

Our read after the latest results, written 31 May 2026.

What is changing at Cellecor Gadgets, from the latest results and calls: tier ii/iii distribution depth, quick-commerce integration and oem partnership-led category expansion.

• Tier II/III Distribution Depth. Retailer network 65k (FY25) → 100k+ (FY26), incremental points of sale compounding with population-level electronics adoption in non-metro India. ⚠ estimate
• Quick-Commerce Integration. Zepto partnership (Mar 2025) + Blinkit + ONDC opens impulse-purchase channel for sub-₹2,000 electronics, a segment few domestic electronics brands have optimized for. ⚠ estimate
• OEM Partnership-Led Category Expansion. Manufacturing MOUs with Dixon (refrigerators), PG Electroplast (ACs/coolers), and Yash Fans (ceiling fans) add high-unit-price categories without owned capital spending, each partnership adds ~50-100 Cr TAM. ⚠ estimate

We check 16 kinds of change in every company, such as costs spread over more sales, higher-value products, new orders, new regions or falling debt, against its reported numbers and what management said on its calls. Only changes the numbers back are shown.

Our read after the latest results, written 31 May 2026.

USD 32.5M in FCCBs outstanding after partial conversion at ₹29/share, at current ₹38 price, remaining conversion would expand share count by ~18-20% from 222.3M shares.

The main risks

• FCCB Dilution Overhang: USD 32.5M in FCCBs outstanding after partial conversion at ₹29/share, at current ₹38 price, remaining conversion would expand share count by ~18-20% from 222.3M shares. ✓ fact
• Thin Margin vs Competition: Profit margin 3.07% leaves near-zero buffer: a 1pp operating margin decline (from any pricing/input pressure) wipes out ~₹13 Cr, one-third of FY26 profit. ✓ fact
• Revenue Growth Deceleration: FY26 revenue growth decelerated from +105% (FY25) to +26%, normal base-effect, but FY27 guidance of ₹1,800 to 2,000 Cr implies 39-55% growth, which requires re-acceleration on a large base. ✓ fact

Our read after the latest results, written 31 May 2026.

When Cellecor Gadgets reports April to June 2026, these are the 4 checks that show whether the story is still on course. First: Monthly BSE filings for FCCB conversion notices; promoter stake below 45% as early warning.

Cellecor Gadgets is on 2 of our India lists: Undervalued stocks and Penny stocks.

Cellecor Gadgets Ltd earned ₹20.0 Cr of net profit in the Mar 2026 quarter, +25.0% on the same quarter a year earlier. That is the 6th quarter in a row of profit growth. Full-year FY26 profit was ₹40.0 Cr. That is 3.1% of the quarter's revenue. The same quarter a year earlier earned ₹9.0 Cr.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

For the full year, FY26 profit was ₹40.0 Cr (+29.0% on the year before).

Why profit moved: revenue changed +8.3% on a year earlier and the margin moved +1.2 percentage points. Sales did the work, and the margin was about flat.

On average over the last four quarters, profit changed +62.6% and revenue +67.0%. Profit is growing slower than sales: rising costs are taking part of the growth.

FY26-Q2. revenue ₹641 Cr and profit ₹20 Cr as reported.

FY26-Q4. revenue ₹650 Cr and profit ₹20 Cr as reported.

Why-sources: our stock research file (31 May 2026) and the company’s own results for those quarters.

Cellecor Gadgets Ltd reported ₹650 Cr of revenue in the Mar 2026 quarter, +8.3% on the same quarter a year earlier. That is the 6th quarter in a row with growth on the year before. The last full year, FY26, came in at ₹1,292 Cr.

Revenue is everything the company billed its customers in the period.

A growth rate over several years is not shown, because there are too few years of figures to work one out properly.

FY26 revenue was ₹1,292 Cr, +25.9% on the year before.

FY26-Q2. revenue ₹641 Cr and profit ₹20 Cr as reported.

FY26-Q4. revenue ₹650 Cr and profit ₹20 Cr as reported.

Why-sources: our stock research file (31 May 2026) and the company’s own results for those quarters.

Cellecor Gadgets Ltd's operating margin was 6.0% in the Mar 2026 quarter, 1.2 percentage points higher than the same quarter a year ago. Its latest full-year margin is the highest it has ever reported. Over the last four quarters it has moved +0.0 percentage points. Across 5 years it has been between 2.5% and 6.0%.

Operating margin is what is left from every ₹100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.

Why this happened. Zepto partnership (Mar 2025) + Blinkit + ONDC opens impulse-purchase channel for sub-₹2,000 electronics, a segment few domestic electronics brands have optimized for.

The latest quarter is within that range.

Why the margin moved: operating margin changed −0.1 percentage points on the year while gross margin changed −3.6 points. So the drop came mostly from the gross margin, which means input costs and prices charged.

As noted under valuation: when margins are at a record, every ratio built on profit looks better than usual, so a low multiple can mislead.

FY26-Q2. revenue ₹641 Cr and profit ₹20 Cr as reported.

FY26-Q4. revenue ₹650 Cr and profit ₹20 Cr as reported.

Why-sources: our stock research file (31 May 2026) and the company’s own results for those quarters.

Over the last 3 years Cellecor Gadgets Ltd's operations used more cash than they brought in, so cash conversion was −155%, a gap worth watching. In FY26 it brought in ₹1.0 Cr of operating cash against ₹40.0 Cr of profit. After ₹0.0 Cr of spending on assets, ₹1.0 Cr was left over as free cash.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

Why −155% of profit came in as cash: the cash cycle got 91 days longer between FY22 and FY26, so more of each rupee of profit waits in the business before it arrives. When less than 70% of profit comes in as cash, it is the thing to watch on this page.

What to look at next: less of the profit turns into cash than it should, and the cash cycle is 91 days longer. The next section looks at where the cash is stuck.

Cellecor Gadgets Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 80 days in FY26, up from −11 days in FY22. It spent ₹20.0 Cr on assets over the last 3 years. Customers take 30 days to pay, and stock sits for 79 days on average.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

At FY26 sales of ₹1,292 Cr, each day of that cycle ties up about ₹3.5 Cr, so roughly ₹283 Cr is tied up in the business at any time.

FY26: customers took 30 days to pay and stock sat for 79 days, about 2.6 months of sales sitting as stock, for a full cycle of 80 days, longer than FY22's −11.

The full loop: cash goes out to suppliers and production on day 0. Stock sits for 79 days. Customers pay about 30 days after that. Suppliers are paid at 30 days. Together that makes the 80-day cycle.

Spending on assets: ₹20.0 Cr over the last 3 years, against ₹3.0 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹0.0 Cr (FY26): assets paid for that are not earning yet.

In short: cash is getting stuck in the daily cycle, so watch the cycle more than the profit.

Cellecor Gadgets Ltd's P/E is 16.6×, near the low end of its own history: it has been lower only 5% of the time. Its usual P/E (the middle reading) is 27.8×, over 3.1 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth.

P/E is the share price divided by a year's profit per share: how many rupees the market pays for each rupee of yearly profit.

Keep one thing in mind: margins are the best this company has ever reported. A multiple that looks low against its own past can mislead when profit is at a record. If margins fall back, today's multiple is higher than it looks.

Why the multiple is where it is: over the past year earnings per share moved +26.1% while the price moved −11.4%. Earnings did better than the price, which pulled the multiple down within its own range.

Where the price move came from: over 3 years the price moved +8.0% a year; about +43.9% a year came from earnings growth and about −35.9 percentage points from the multiple (the market paying less). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple.

In short: the multiple is low against its own past, so the earnings trend underneath matters more than the multiple.

Cellecor Gadgets Ltd's business trend cannot be read yet. There are fewer than eight usable quarters of growth figures, so there is not enough history to read the trend. This is based on 6 quarters of 1 measure, with some gaps.

Every business is somewhere on a path of getting better or worse, and this section names where. The last 12 quarters of growth in revenue, profit and earnings per share, plus the return the business earns on its capital, are read as lines. Getting worse: the lines are falling. Turning around: a low point has just formed and the last few quarters are rising from it. Getting better: the rise from the low has lasted. Growing steadily: steady growth with healthy returns. Slowing from a peak: still high, but slowing. When the lines disagree the result is mixed; too little history means no reading. CAGR (compound annual growth rate) is the steady yearly rate that would turn the starting value into the latest one. It is the fairest way to compare growth over different periods. If the 1-year figure is much bigger than the 10-year one, recent growth is running faster than the long-run trend. A dash means there is no figure for that period, or the starting year was a loss, where a growth rate means nothing.

Why it matters: with too little history, we say so rather than guess a direction.

One or more growth lines have an extreme jump caused by comparing with a near-zero or loss-making quarter. Those jumps are capped before reading and drawn at the edge of the chart, so one odd quarter does not decide the result.

There are fewer than eight usable quarters, so this page does not guess a direction from so little history.

Compound annual growth rate (%)

Compound annual growth rate over each period, %. Revenue, profit and EPS come from yearly figures; the share price row is price growth over the same periods. A dash means no figure for that period, or the starting year was a loss.

Cellecor Gadgets Ltd's story is not scored yet against the checks our research set on 31 May 2026. Where it sits in its own cycle: INSUFFICIENT DATA. Still open: USD 32.5M in FCCBs outstanding after partial conversion at ₹29/share, at current ₹38 price, remaining conversion would expand share count by ~18-20% from 222.3M shares.

NOT YET CHECKED

Our read, 31 May 2026. India's fastest-doubling affordable-electronics brand scaling from ₹264 Cr (FY23) to ₹1,292 Cr (FY26) in three years, but margins remain thin at ~3% PAT and a USD 32.5M FCCB overhang carries dilution risk.

What is proven. India's fastest-doubling affordable-electronics brand scaling from ₹264 Cr (FY23) to ₹1,292 Cr (FY26) in three years, but margins remain thin at ~3% PAT and a USD 32.5M FCCB overhang carries dilution risk.

What is not proven yet. USD 32.5M in FCCBs outstanding after partial conversion at ₹29/share, at current ₹38 price, remaining conversion would expand share count by ~18-20% from 222.3M shares.

The test written in advance. FCCB Dilution Overhang. Measured by: FCCB Dilution Overhang Monthly BSE filings for FCCB conversion notices; promoter stake below 45% as early warning by the next result.

The test written in advance. Thin Margin vs Competition. Measured by: Thin Margin vs Competition Quarterly OPM trend; gross margin disclosure in annual report; compare to FY25 5.29% EBITDA margin by the next result.

The test written in advance. International Expansion Capital Risk. Measured by: International Expansion Capital Risk Consolidated P&L starting FY27 for subsidiary losses; by the next result.

What the company does. Cellecor is a capital-light brand aggregator in India's value-electronics segment, no owned factories, ~100k retail touchpoints, and a SKU library of 600+ products across TVs, wearables, kitchen appliances, and ACs. Revenue has doubled or near-doubled every year for three years (FY23–FY26), driven by Tier II/III distribution depth and festive-season demand.

The key numbers to watch, and the level that would change the picture

Everything further down this page is evidence for or against these.

• 1 · Operating leveragebuilding
• 2 · Value-added mixbuilding
• 3 · Management changebuilding
• 4 · Paying down debtquiet
• 5 · Regulatory approvalbuilding
• 6 · Order-book winsquiet
• 7 · Consolidationquiet
• 8 · Demerger or value unlockquiet
• 9 · Buybackquiet
• 10 · New geographiesquiet
• 11 · More business from existing customersquiet
• 12 · New product launchquiet
• 13 · Mandatory normsquiet
• 14 · A bigger market to servequiet
• 15 · Market-share gainsquiet
• 16 · Asset qualityquiet

Lever 3 · Management change: building. Retailer network 65k (FY25) → 100k+ (FY26), incremental points of sale compounding with population-level electronics adoption in non-metro India. What proves it keeps working: Tier II/III Distribution Depth. It stops working if Monthly BSE filings for FCCB conversion notices; promoter stake below 45% as early warning.

Lever 1 · Operating leverage: building. Zepto partnership (Mar 2025) + Blinkit + ONDC opens impulse-purchase channel for sub-₹2,000 electronics, a segment few domestic electronics brands have optimized for. What proves it keeps working: Quick-Commerce Integration. It stops working if Monthly BSE filings for FCCB conversion notices; promoter stake below 45% as early warning.

Lever 2 · Value-added mix: building. Manufacturing MOUs with Dixon (refrigerators), PG Electroplast (ACs/coolers), and Yash Fans (ceiling fans) add high-unit-price categories without owned capex, each partnership adds ~50-100 Cr TAM. What proves it keeps working: OEM Partnership-Led Category Expansion. It stops working if Monthly BSE filings for FCCB conversion notices; promoter stake below 45% as early warning.

Lever 5 · Regulatory approval: building. Celebrity ambassadors (Kareena Kapoor Khan, Varun Dhawan, Tamannaah Bhatia) and influencer campaigns running since FY25, brand recall building in goal Tier II demographic. What proves it keeps working: Brand-Building Investment. It stops working if Monthly BSE filings for FCCB conversion notices; promoter stake below 45% as early warning.

Sources: our stock research file (31 May 2026) · quarterly results through Mar 2026. The story check is re-scored every results season; the record below never changes.

The whole page in one table. Each row links to its section.

Cellecor Gadgets Ltd earned a ROCE of 23% in FY26. Its return on capital used (ROIC) is 4.5 percentage points above its cost of capital, so growth here adds value, not just size. It comes from a 3.1% net margin and 2.76× asset turnover (sales divided by assets).

Return on capital employed (ROCE) is the profit the whole business earns on all the money in it, from shareholders and lenders together. It is the best single test of whether growth adds value or just size.

Why the return is what it is (FY26): a 3.1% net margin × 2.76× asset turnover × 2.28× leverage (assets divided by equity) ≈ 19.5% on equity. The margin does its share; borrowing is a big part of it.

The key test, return on capital used minus the cost of capital: 16.5% − 12.0% = +4.5 percentage points. The 12.0% is a standard assumption for the cost of capital in India, not an estimate for this company. Read the sign and size of the gap, not the decimals. Positive but thin: it creates value with little room for error.

The 16.5% ROIC above is the latest reading, as reported. The yearly chart below shows FY26 at 18.3%, and the quarterly chart works out each 12-month window from the quarterly figures, so the readings differ by date, not by method.

Cellecor Gadgets Ltd has total debt of ₹142 Cr against shareholder equity of ₹205 Cr as of Mar 2026, so its debt is 0.69× its equity. Year by year, that ratio went from 1.50 in FY23 to 0.69 in FY26. Keep that borrowing in mind when reading the returns on this page.

Debt-to-equity shows how much of the business is paid for with borrowed money. Lower is safer, and the direction matters as much as the level.

Foreign institutions raised their stake in Cellecor Gadgets Ltd by 12.6 percentage points over 7 quarters, the biggest change among its owners. Foreign institutions now own 17.1% of the company. Promoters moved −8.5 points over the same period, to 43.1%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings.

Who owns the company each quarter: promoters (the founders or controlling owners), foreign institutions, domestic institutions such as mutual funds, and the public. When people close to the business steadily raise their stake, that is worth noticing; a quiet list is also an answer.

Why this happened. Retailer network 65k (FY25) → 100k+ (FY26), incremental points of sale compounding with population-level electronics adoption in non-metro India.

Over the last two years: Foreign institutions: +12.6 points over 7 quarters, to 17.1%; Promoters: −8.5 points over 7 quarters, to 43.1%; Domestic institutions: −6.0 points over 7 quarters, to 0.0%.

Why the owners changed: foreign institutions moved +12.6 points and domestic institutions −6.0 points over 7 quarters, while promoters moved −8.5 points. One group of institutions took over shares from the other; it is not a change of mind by the people running the company.

For Cellecor Gadgets Ltd, the Z-score is 5.76. A Z-score above about 3 is safe and below about 1.8 signals danger, so this is well clear of danger. It estimates how far the balance sheet is from trouble; it is not a forecast of failure.

The Z-score estimates how far a company is from balance-sheet trouble. Above about 3 is safe; below about 1.8 is the danger zone. It was built for manufacturers, so it is not used for banks and lenders.

Why this happened. Celebrity ambassadors (Kareena Kapoor Khan, Varun Dhawan, Tamannaah Bhatia) and influencer campaigns running since FY25, brand recall building in goal Tier II demographic.

Why it matters: a Z-score of 5.76 is well clear of the danger zone, so the balance sheet is not the risk here.

48.3 out of 100, rank 3 of 3 in Retail - Electronics, with 56% of the evidence available.

Cellecor Gadgets Ltd scores 48.3 out of 100 against the 3 companies it is compared with in Retail - Electronics, ranking 3. Some evidence is missing, so the score is pulled toward the middle on purpose.

The four parts add up to the total exactly: 19.2 + 16.1 + 13 + 0 = 48.3. This is the same number shown on the industry page; it is worked out once for the whole group and read here.

What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector.

Cellecor Gadgets ranks 3 of 3 Retail - Electronics companies on the 4-Factor Sector Score, with 48.3 out of 100.

Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led NIFTY 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read.

The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section.

Related companies: Retail - Electronics, all 3 compared on one page.

Cellecor Gadgets is the 3rd largest of 3 Retail - Electronics companies on Sector Alpha by market value (scores of 30 October 2026). Just above it: Aditya Vision and Electronics Mart India. It is the smallest.

Retail - Electronics companies close in size

1. Aditya Vision Ltd ₹7,090 crore
2. Electronics Mart India Ltd ₹5,838 crore
3. Cellecor Gadgets Ltd ₹646 crore

All 3 Retail - Electronics companies, largest first

Companies close in size in other industries

1865. GIC Housing Finance Ltd ₹650 crore · Finance - Housing
1866. Kamat Hotels (India) Ltd ₹647 crore · Hotels
1867. Cellecor Gadgets Ltd ₹646 crore
1868. Popular Vehicles & Services Ltd ₹643 crore · Retail - Vehicles
1869. Kothari Petrochemicals Ltd ₹642 crore · Petrochem - Polymers

Sector Alpha, written by code from the published numbers. Data as of 4 November 2026.

Every chart on this page is drawn by code from the published figures, with no forecasts and no price opinions.

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