# Cellecor Gadgets share price today (Cellecor Gadgets Ltd, NSE: CELLECOR)

> Cellecor Gadgets share price today: ₹27.70 at the NSE close on 4 November 2026, down 11.4% in a year. Cellecor Gadgets (NSE: CELLECOR) is worth ₹658 crore, trades at a P/E of 16.6 and has closed between ₹23.60 and ₹43.25 over the past 52 weeks. > Cellecor Gadgets Ltd's earnings have grown faster than its share price. Earnings per share grew +26.1% in a year while the price moved −11.4%. CELLECOR · Retail - Electronics · data as of 4 November 2026. Page: https://www.sectoralpha.in/stocks/cellecor-gadgets-ltd

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## Key numbers

- Price: ₹27.70 (−11.4% in a year)
- P/E: 16.6× (lower than 95% of the last 3.1 years)
- Revenue (Mar 2026): ₹650 Cr (+8.3% on a year ago)
- Profit (Mar 2026): ₹20.0 Cr (+25.0% on a year ago)
- Operating margin: 6.0% (+1.2 points on a year ago)
- ROCE: 23%, FY26
- ROIC: 16.5%, against a 12.0% cost of capital: +4.5 points
- Profit that came in as cash: −155%, last 3 years

The main question: profits are rising, but only −155% of the last 3 years' profit came in as cash from operations. The gap between reported profit and actual cash is the thing to watch. ## What is the 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. 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. ## What changed at Cellecor Gadgets this quarter? 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. ## What are Cellecor Gadgets' latest quarterly results? 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

| Measure | January to March 2026 | January to March 2025 | Change |
| --- | --- | --- | --- |
| Revenue | ₹650 crore | ₹600 crore | +8.3% |
| Profit | ₹20.0 crore | ₹16.0 crore | +25.0% |
| Earnings per share | ₹0.91 | ₹0.75 | +21.3% |
| Operating margin | 6.0% | 4.8% | +1.2 points |

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.)

## What is the Cellecor Gadgets share price history? 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

| When | Close | Change to 4 Nov 2026 |
| --- | --- | --- |
| 1 week ago · 30 Oct 2026 | ₹27.25 | +1.7% |
| 1 month ago · 1 Oct 2026 | ₹28.90 | −4.2% |
| 6 months ago · 8 May 2026 | ₹43.25 | −36.0% |
| 1 year ago · 7 Nov 2025 | ₹31.25 | −11.4% |
| 3 years ago · 3 Nov 2023 | ₹22.00 | +25.9% |
| Earliest and lowest weekly close in our records · 29 Sep 2023 | ₹10.14 | +173.2% |
| Highest weekly close since September 2023 · 3 Jan 2025 | ₹72.20 | −61.6% |
| 52-week high (weekly close) · 8 May 2026 | ₹43.25 | −36.0% |
| 52-week low (weekly close) · 27 Mar 2026 | ₹23.60 | +17.4% |

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.)

## What is the latest news on Cellecor Gadgets? 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.)

## What dividend does Cellecor Gadgets pay? 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.)

## What did Cellecor Gadgets management say on the latest results call? 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 the future of Cellecor Gadgets? What is changing in the business? 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.)

## What could change the Cellecor Gadgets story? What are the risks? 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.)

## What to watch in Cellecor Gadgets' next results? 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. | What to check | Why |
| --- | --- |
| Monthly BSE filings for FCCB conversion notices; promoter stake below 45% as early warning. | FCCB Dilution Overhang |
| Quarterly operating margin trend; gross margin disclosure in annual report; compare to FY25 5.29% operating margin. | Thin Margin vs Competition |
| Consolidated P&L starting FY27 for subsidiary losses. | International Expansion Capital Risk |
| H1 FY27 results (around Nov 2026); whether revenue tracks ₹850+ Cr for H1. | Revenue Growth Deceleration |

## Which stock lists is Cellecor Gadgets on? Cellecor Gadgets is on 2 of our India lists: Undervalued stocks and Penny stocks. - [Undervalued stocks Profit growth x: 1.2903225806451613](https://www.sectoralpha.in/markets/in/deep-value-stocks)
- [Penny stocks Earnings growth, 12 months (%): 24.14](https://www.sectoralpha.in/penny-stocks-india)

## Is Cellecor Gadgets profitable? 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. 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. ## How much revenue does Cellecor Gadgets make, and is it growing? 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. 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. ## How much of every ₹100 of sales does Cellecor Gadgets keep? 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%. 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. ## Is Cellecor Gadgets' profit turning into cash? 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. 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. ## Where does Cellecor Gadgets' cash go? 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. 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. ## What is Cellecor Gadgets' P/E ratio, and how does it compare with its own history? 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. 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. ## Is the Cellecor Gadgets business getting better or worse? 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. 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. ## What is the Cellecor Gadgets story, and has it been checked? 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. 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. 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. ## How much does Cellecor Gadgets earn on its capital? 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). 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. ## Does Cellecor Gadgets have too much debt? 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. ## What is the Cellecor Gadgets shareholding pattern? 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. 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. ## How far is Cellecor Gadgets from balance-sheet trouble? 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. 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. ## How does Cellecor Gadgets rank in its industry? 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. ## Which companies is Cellecor Gadgets compared with? Cellecor Gadgets ranks 3 of 3 Retail - Electronics companies on the 4-Factor Sector Score, with 48.3 out of 100. 1. [Electronics Mart India Ltd](https://www.sectoralpha.in/stocks/electronics-mart-india-ltd) EMIL · leader · Evidence leans up · 60% evidence 57.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 25.7/35 · Revenue 20.2% · Profit 95.3% · Operating margin change 4 points · 83% evidence Capital efficiency 8.2/25 · ROCE 8.2% · Operating margin 10% · 76% evidence Valuation 11.1/20 · P/E 29.8× · PEG n/a · 35% evidence Relative strength 12.5/20 · Lead over its industry n/a · Lead over NIFTY 500 23.8% · 1 year 0.5% · 25% evidence · 12 of 12 weeks ahead Exact sum: 25.7 + 8.2 + 11.1 + 12.5 = 57.5 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 2. [Aditya Vision Ltd](https://www.sectoralpha.in/stocks/aditya-vision-ltd) AVL · quiet · Evidence leans up · 97% evidence 50.0 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 27.3/35 · Revenue 27.6% · Profit 33.3% · Operating margin change 0 points · 100% evidence Capital efficiency 13.6/25 · ROCE 17.1% · Operating margin 8% · 100% evidence Valuation 4.1/20 · P/E 48.8× · PEG 3.7 · 85% evidence Relative strength 5.0/20 · Lead over its industry -5.2% · Lead over NIFTY 500 5.9% · 1 year -4% · 100% evidence · 5 of 12 weeks ahead Exact sum: 27.3 + 13.6 + 4.1 + 5 = 50 · What this means: Earnings are strong; relative strength in its sector is -5.2% and the one-year return is -4%. 3. Cellecor Gadgets Ltd this page CELLECOR · quiet · Too little evidence to rank firmly · 56% evidence 48.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 19.2/35 · Revenue 100% · Profit 100% · Operating margin change 1.2 points · 28% evidence Capital efficiency 16.1/25 · ROCE 22.7% · Operating margin 6% · 75% evidence Valuation 13.0/20 · P/E 16.3× · PEG n/a · 35% evidence Relative strength 0.0/20 · Lead over its industry -18.3% · Lead over NIFTY 500 -8.5% · 1 year -12.2% · 100% evidence · 0 of 12 weeks ahead Exact sum: 19.2 + 16.1 + 13 + 0 = 48.3 · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. 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](https://www.sectoralpha.in/sectors/retail-electronics), all 3 compared on one page. ## Which companies are close to Cellecor Gadgets in size? 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](https://www.sectoralpha.in/stocks/aditya-vision-ltd) ₹7,090 crore
2. [Electronics Mart India Ltd](https://www.sectoralpha.in/stocks/electronics-mart-india-ltd) ₹5,838 crore
3. Cellecor Gadgets Ltd ₹646 crore

[All 3 Retail - Electronics companies, largest first](https://www.sectoralpha.in/sectors/retail-electronics#all-companies)

### Companies close in size in other industries

1. [GIC Housing Finance Ltd](https://www.sectoralpha.in/stocks/gic-housing-finance-ltd) ₹650 crore · Finance - Housing
2. [Kamat Hotels (India) Ltd](https://www.sectoralpha.in/stocks/kamat-hotels-indialtd) ₹647 crore · Hotels
3. Cellecor Gadgets Ltd ₹646 crore
4. [Popular Vehicles & Services Ltd](https://www.sectoralpha.in/stocks/popular-vehicles-services-ltd) ₹643 crore · Retail - Vehicles
5. [Kothari Petrochemicals Ltd](https://www.sectoralpha.in/stocks/kothari-petrochemicals-ltd) ₹642 crore · Petrochem - Polymers

## What else do people ask about Cellecor Gadgets? ### What is Cellecor Gadgets's share price today? Cellecor Gadgets Ltd's share price is ₹27.70, −11.4% over the past year. The whole company is worth ₹658 Cr on the market. In the last 52 weeks it traded between ₹24 to ₹43; today it is 21% of the way up from the low, 14.4% below its 200-day average (as of 4 November 2026). ### What were Cellecor Gadgets's latest quarterly results? Cellecor Gadgets Ltd reported revenue of ₹650 Cr and net profit of ₹20.0 Cr for the Mar 2026 quarter. Revenue rose 8.3% and profit rose 25.0% compared with a year earlier. Earnings per share were ₹0.91. The operating margin was 6.0%, 1.2 percentage points higher than a year earlier (as of 4 November 2026). ### What is Cellecor Gadgets's market cap? Cellecor Gadgets Ltd's market capitalisation is ₹658 Cr at a share price of ₹27.70. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 4 November 2026). ### How is Cellecor Gadgets performing? Cellecor Gadgets Ltd's share price has been falling for 8 weeks. In its latest quarter, revenue rose 8.3% and profit rose 25.0% compared with a year earlier. Over the past 13 weeks it has done worse than the NIFTY 500, for 22 weeks running (as of 4 November 2026). ### Will Cellecor Gadgets's share price go up? This page does not forecast Cellecor Gadgets Ltd's share price. What it shows instead: the share price is ₹27.70, and it has been falling for 8 weeks. Its P/E of 16.6× is higher than 5% of its own last 3 years (as of 4 November 2026). ### Who owns Cellecor Gadgets? Promoters own 43.1% of Cellecor Gadgets Ltd, foreign institutions 17.1%, domestic institutions 0.0% and the public 27.7% (latest quarter). The biggest change over the last two years: Foreign institutions raised their stake by 12.6 percentage points over 7 quarters (as of 4 November 2026). ### Where is Cellecor Gadgets in its business cycle? Cellecor Gadgets Ltd's FY26 operating margin was 6.0%, against a 5-year range of 2.5% to 6.0%: the top of its range, a record year. When profit is at a record, every ratio looks better than usual, and the story depends on margins staying high. The latest quarter was 6.0%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 4 November 2026). ### What could break the Cellecor Gadgets story? The main question: profits are rising, but only −155% of the last 3 years' profit came in as cash from operations. The gap between reported profit and actual cash is the thing to watch. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 4 November 2026). ### Is Cellecor Gadgets a stock worth studying right now? What the numbers show: Cellecor Gadgets Ltd's earnings have grown faster than its share price. Earnings per share grew +26.1% in a year while the price moved −11.4%. The main open question: whether the cash starts to follow the profit. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 4 November 2026). ### Is there a Cellecor Gadgets share price forecast for 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. What would change the story: 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. ## Lists

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