# Cello World share price today (Cello World Ltd, NSE: CELLO)

> Cello World share price today: ₹351.55 at the NSE close on 4 November 2026, down 44.7% in a year. Cello World (NSE: CELLO) is worth ₹7,922 crore, trades at a P/E of 24.9 and has closed between ₹322.45 and ₹635.30 over the past 52 weeks. > Cello World Ltd's P/E is near the low end of its own history, higher than only 6% of past readings, and its quarterly results are still getting worse. CELLO · Opalware · data as of 4 November 2026. Page: https://www.sectoralpha.in/stocks/cello-world-ltd

Sector Alpha also publishes a daily newsletter that explains one Indian stock at a time: https://newsletter.sectoralpha.in/?utm_source=sectoralpha&utm_medium=ai_text&utm_campaign=llms

## Key numbers

- Business trend: Getting worse, from fewer quarters than usual
- Price: ₹351.55 (−44.7% in a year)
- P/E: 24.9× (lower than 94% of the last 3 years)
- Revenue (Jun 2026): ₹527 Cr (−0.4% on a year ago)
- Profit (Jun 2026): ₹73.0 Cr (−9.9% on a year ago)
- Operating margin: 19.0% (−2.0 points on a year ago)
- ROCE: 17%, FY26
- Profit that came in as cash: 71%, last 3 years

The main question: yearly earnings per share moved −9.0% while the share price moved −44.7%. ## What is the Cello World share price today? Cello World Ltd's share price was ₹351.55 at the close on 4 November 2026. It has been falling for 102 weeks. That is 13.3% below its average price over the last 200 trading days. In the last 52 weeks it traded between ₹322 and ₹635, and at that close it sat 9% of the way up from that low. Over the past 13 weeks it has done better than the NIFTY 500, and it has stayed ahead for 5 weeks in a row. Over the last 3 years the share price moved −56% while the NIFTY 500 moved +24%, so it is behind the index over that whole period. 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 Cello World this quarter? 5 points in one quarter. 1. Promoters cut their stake by 1.5 points in one quarter From 75% to 73.5% in the September 2026 quarter. ## What are Cello World's latest quarterly results? For April to June 2026 (the quarter ended 30 June 2026), Cello World reported revenue of ₹527 crore, down 0.4% from ₹529 crore a year earlier, and a profit of ₹73.0 crore, down 9.9% from ₹81.0 crore. ### Cello World results: April to June 2026 against a year earlier

| Measure | April to June 2026 | April to June 2025 | Change |
| --- | --- | --- | --- |
| Revenue | ₹527 crore | ₹529 crore | −0.4% |
| Profit | ₹73.0 crore | ₹81.0 crore | −9.9% |
| Earnings per share | ₹3.25 | ₹3.31 | −1.8% |
| Operating margin | 19.0% | 21.0% | −2.0 points |

The next results, for July to September 2026, are due by 14 November 2026: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter). Cello World's management discussed these results on a call held on 10 August 2026; what it said is further down this page. (From the company's reported quarterly results (quarter ended 30 June 2026). Revenue and profit in ₹ crore.)

## What is the Cello World share price history? Cello World closed at ₹351.55 on 4 November 2026, down 44.7% from ₹635.30 a year earlier (7 November 2025) and down 55.7% over three years. Its highest weekly close since November 2023 was ₹979.35 on 12 July 2024. ### Cello World share price: then and now

| When | Close | Change to 4 Nov 2026 |
| --- | --- | --- |
| 1 week ago · 30 Oct 2026 | ₹327.70 | +7.3% |
| 1 month ago · 1 Oct 2026 | ₹323.10 | +8.8% |
| 6 months ago · 8 May 2026 | ₹423.65 | −17.0% |
| 1 year ago · 7 Nov 2025 | ₹635.30 | −44.7% |
| 3 years ago · 12 Nov 2023 | ₹794.10 | −55.7% |
| Earliest weekly close in our records · 12 Nov 2023 | ₹794.10 | −55.7% |
| Highest weekly close since November 2023 · 12 Jul 2024 | ₹979.35 | −64.1% |
| Lowest weekly close since November 2023, also the 52-week low · 18 Sep 2026 | ₹322.45 | +9.0% |
| 52-week high (weekly close) · 7 Nov 2025 | ₹635.30 | −44.7% |

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. (160 weekly closes from 12 November 2023 to 4 November 2026.)

## What is the latest news on Cello World? 4 Nov 2026: Cello World closed at ₹351.55, up 7.3% on the week and up 8.8% on the month. 10 Aug 2026: Cello World held its results call for April to June 2026. Management guided: Steelware assortment to expand to 50-55 SKUs over the next couple quarters; full lost-sales recovery expected after another couple quarters. ### Earlier

- 31 Jul 2026: ex-date for a dividend of ₹1.50 a share. - Results for April to June 2026: Revenue down 0.4% and profit down 9.9% on a year earlier. ## What dividend does Cello World pay? Cello World paid ₹1.50 a share in regular dividends in the 12 months to 5 November 2026 (1 payment), a yield of 0.43% at the ₹351.55 close on 4 November 2026. The last was a dividend of ₹1.50 a share, ex-date 31 July 2026. ### Cello World dividends since 1 April 2021

| Ex-date | Dividend per share | Type |
| --- | --- | --- |
| 31 Jul 2026 | ₹1.50 | Dividend |
| 1 Aug 2025 | ₹1.50 | Dividend |
| 2 Aug 2024 | ₹1.50 | Dividend |

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date. The record date is the same day as the ex-date for every payment here. 2 of 5 Of the last 5 financial years, years with an NSE dividend record

Yes. Cello World Ltd paid out 10% of its profit as dividends in FY26, and it paid a dividend in 4 of its last 6 reported years. (From the NSE corporate-actions record, read 5 November 2026.)

## What did Cello World management say on the latest results call? On the call for April to June 2026, held on 10 August 2026, Cello World's management guided: Steelware assortment to expand to 50-55 SKUs over the next couple quarters; full lost-sales recovery expected after another couple quarters. > “We have entered the right categories. We have taken a big bet on glassware. As we ramp up steelware, it will contribute very well to the topline because a lot of imports have now been curbed.”
> Gaurav Rathod, on the call for April to June 2026

### What management guided

- Glassware sales growth indicated at about 30-35% for FY27; healthy profitability expected after another 10-15% utilization. - Glass plant peak revenue ₹250-275 crore; current eight-line steel plant peak revenue about ₹300 crore before brownfield additions. - Consumerware gross margin expected in a 54-55% band and to improve over coming quarters. - Two additional steel lines expected to be commissioned early next year; FY27 capital spending otherwise limited to maintenance. Management’s own plans and goals, from our notes of the call. A plan is not a result. Source: [the call transcript](https://files.tijorifinance.com/insight/india/56980/Conference Call/CC-Aug26.pdf). (From the call for April to June 2026, 10 August 2026.)

## What to watch in Cello World's next results? When Cello World reports July to September 2026, these are the 4 checks that show whether the story is still on course. First: Steelware assortment and line efficiency: check whether stock-out recovery begins lifting consumerware sales after the ramp. - What to check (from the call)
- Steelware assortment and line efficiency: check whether stock-out recovery begins lifting consumerware sales after the ramp. - Glassware utilization and profitability: check progress despite continued Chinese dumping, weak exports and volatile gas costs. - Consumerware gross margin: check whether it stays within the indicated band as price actions fully settle. - Scheme share allotment: check completion after the technical delay and any resulting share-count update. ## Which stock lists is Cello World on? Cello World is on one of our India lists: 52 week high & low. [52 week high & low 52-week position: Near 52-week low](https://www.sectoralpha.in/52-week-high-stocks-india)

## Is Cello World profitable? Cello World Ltd earned ₹73.0 Cr of net profit in the Jun 2026 quarter, −9.9% on the same quarter a year earlier. Full-year FY26 profit was ₹332 Cr. Over 5 years profit has grown 14.9% a year on average. That is 13.9% of the quarter's revenue. The same quarter a year earlier earned ₹81.0 Cr. For the full year, FY26 profit was ₹332 Cr (−9.0% on the year before). Why profit moved: revenue changed −0.4% on a year earlier and the margin moved −2.0 percentage points. Sales did the work while the margin got thinner. On average over the last four quarters, profit changed −9.2% and revenue +7.5%. Profit is growing slower than sales: rising costs are taking part of the growth. ## How much revenue does Cello World make, and is it growing? Cello World Ltd reported ₹527 Cr of revenue in the Jun 2026 quarter, −0.4% on the same quarter a year earlier. Over 5 years it has grown 17.2% a year on average. The last full year, FY26, came in at ₹2,324 Cr. The last four reported quarters add to ₹2,322 Cr. FY26 revenue was ₹2,324 Cr, +8.8% on the year before. Recent pace: the last four quarters grew +7.5% on average, against 17.2% a year over the longer run, so this year is growing slower than its own long-run rate. Is growth speeding up? Revenue over the last 12 months grew +7.3%, against +7.0% a year over the last 8 quarters (stabilising); profit over the last 12 months grew −9.3%, against −5.7% a year (rolling over). ## How much of every ₹100 of sales does Cello World keep? Cello World Ltd's operating margin was 19.0% in the Jun 2026 quarter, 2.0 percentage points lower than the same quarter a year ago. Across 6 years it has been between 20.0% and 26.0%. The latest quarter is below every full year in that period. Why the margin moved: operating margin changed −1.8 percentage points on the year while gross margin changed −1.6 points. So the drop came mostly from the gross margin, which means input costs and prices charged. ## Is Cello World's profit turning into cash? Over the last 3 years, 71% of Cello World Ltd's reported profit came in as cash from its operations, so most of the profit is real cash. In FY26 it brought in ₹255 Cr of operating cash against ₹332 Cr of profit. After ₹220 Cr of spending on assets, ₹35.0 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 71% of profit came in as cash: the cash cycle got 35 days shorter between FY21 and FY26, so cash that used to wait in the business now arrives sooner. What to look at next: the bigger use of cash is spending on new assets, at 3.4× depreciation over three years. The next section checks what that spending is building. ## Where does Cello World's cash go? Cello World Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 255 days in FY26, down from 290 days in FY21. It spent ₹676 Cr on assets over the last 3 years. Customers take 118 days to pay, and stock sits for 191 days on average. At FY26 sales of ₹2,324 Cr, each day of that cycle ties up about ₹6.4 Cr, so roughly ₹1,624 Cr is tied up in the business at any time. FY26: customers took 118 days to pay and stock sat for 191 days, about 6.3 months of sales sitting as stock, for a full cycle of 255 days, shorter than FY21's 290. The full loop: cash goes out to suppliers and production on day 0. Stock sits for 191 days. Customers pay about 118 days after that. Suppliers are paid at 54 days. Together that makes the 255-day cycle. Spending on assets: ₹676 Cr over the last 3 years, against ₹197 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 ₹66.0 Cr (FY26): assets paid for that are not earning yet. In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns. ## What is Cello World's P/E ratio, and how does it compare with its own history? Cello World Ltd's P/E is 24.9×, near the low end of its own history: it has been lower only 6% of the time. Its usual P/E (the middle reading) is 40.0×, over 3 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth. Why the multiple is where it is: over the past year earnings per share moved −9.0% while the price moved −44.7%. 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 −23.8% a year; about +4.1% a year came from earnings growth and about −27.9 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. The PEG ratio and its quarterly curve, which only the second data source has, are not shown on this page: its two data sources disagree by up to 21% on reported income across 14 comparable periods. When two sources disagree on a figure, we leave it out on purpose. The gap is a choice, not missing data. ## Is the Cello World business getting better or worse? Cello World Ltd's business is getting worse. Revenue and profit growth are shrinking: revenue growth is −0.4% in the latest quarter (from single-quarter figures), against +19.8% at its best in 12 quarters, with ROCE falling at 17.0%. This is based on 9 quarters of 3 measures, with some gaps. Why it matters: falling lines mean any ratio below that looks low should be read with that direction in mind. The return figures here are yearly, not quarterly. They show level and direction only; they can support the growth lines but never decide the reading alone. This reading has some gaps: at least one line is short, or the return line is not the quarterly series, so treat it with a little more caution. ## How much does Cello World earn on its capital? Cello World Ltd earned a ROCE of 17% in FY26. We cannot compare its return on capital used with its cost of capital from the data we have. It comes from a 14.3% net margin and 0.77× asset turnover (sales divided by assets). Why the return is what it is (FY26): a 14.3% net margin × 0.77× asset turnover × 1.11× leverage (assets divided by equity) ≈ 12.2% on equity. The margin does its share; borrowing plays a small part, so this return is earned, not borrowed. The quarterly return lines and the return-on-capital-used (ROIC) line, which only the second data source has, are not shown on this page: its two data sources disagree by up to 21% on reported income across 14 comparable periods. When two sources disagree on a figure, we leave it out on purpose. The gap is a choice, not missing data. ## Does Cello World have too much debt? Cello World Ltd had ₹38.0 Cr of borrowings against ₹2,701 Cr of equity in FY26, so its debt is 0.01× its equity. Its operating profit is more than 100 times its interest bill. Over 5 years borrowings went from ₹334 Cr to ₹38.0 Cr. Over the last 3 of those years it spent ₹676 Cr on assets. The spending on assets is being paid for from cash, not new debt. The total-debt and debt-to-equity series, which only the second data source has, are not shown on this page: its two data sources disagree by up to 21% on reported income across 14 comparable periods. When two sources disagree on a figure, we leave it out on purpose. The gap is a choice, not missing data. ## What is the Cello World shareholding pattern? Foreign institutions cut their stake in Cello World Ltd by 5.7 percentage points over 8 quarters, the biggest change among its owners. Foreign institutions now own 2.0% of the company. Promoters moved −1.5 points over the same period, to 73.5%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings. Over the last two years: Foreign institutions: −5.7 points over 8 quarters, to 2.0%; Promoters: −1.5 points over 8 quarters, to 73.5%; Domestic institutions: +1.0 points over 8 quarters, to 14.6%. Why the owners changed: foreign institutions drove it (−5.7 points), together with promoters (−1.5 points). They reduced their stake. ## How far is Cello World from balance-sheet trouble? For Cello World Ltd, the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date. ## How does Cello World rank in its industry? 46.0 out of 100, rank 2 of 3 in Opalware, with 60% of the evidence available. Cello World Ltd scores 46.0 out of 100 against the 3 companies it is compared with in Opalware, ranking 2. The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. The four parts add up to the total exactly: 7.6 + 18 + 12.9 + 7.5 = 46. 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 Cello World compared with? Cello World ranks 2 of 3 Opalware companies on the 4-Factor Sector Score, with 46.0 out of 100. 1. [Borosil Ltd](https://www.sectoralpha.in/stocks/borosil-ltd) BOROLTD · breaking out · Evidence leans up · 79% evidence 58.7 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 14.7/35 · Revenue 5.6% · Profit -7% · Operating margin change 4 points · 95% evidence Capital efficiency 12.9/25 · ROCE 11.1% · Operating margin 19% · 76% evidence Valuation 11.1/20 · P/E 41.6× · PEG n/a · 35% evidence Relative strength 20.0/20 · Lead over its industry 25.2% · Lead over NIFTY 500 16.9% · 1 year -16.4% · 100% evidence · 11 of 12 weeks ahead Exact sum: 14.7 + 12.9 + 11.1 + 20 = 58.7 · What this means: Relative strength against the index is 16.9%, and revenue and profit growth are weak. 2. Cello World Ltd this page CELLO · turning · Evidence leans down · 60% evidence 46.0 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 7.6/35 · Revenue 7.3% · Profit -9.3% · Operating margin change -2 points · 83% evidence Capital efficiency 18.0/25 · ROCE 17.4% · Operating margin 19% · 76% evidence Valuation 12.9/20 · P/E 23.2× · PEG n/a · 35% evidence Relative strength 7.5/20 · Lead over its industry n/a · Lead over NIFTY 500 -19.6% · 1 year -49.9% · 25% evidence · 2 of 12 weeks ahead Exact sum: 7.6 + 18 + 12.9 + 7.5 = 46 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 3. [La Opala RG Ltd](https://www.sectoralpha.in/stocks/la-opala-rg-ltd) LAOPALA · quiet · Evidence leans down · 93% evidence 35.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 8.2/35 · Revenue -3.1% · Profit -5.1% · Operating margin change -1 points · 88% evidence Capital efficiency 14.3/25 · ROCE 14.2% · Operating margin 36% · 100% evidence Valuation 12.8/20 · P/E 16.6× · PEG 1.85 · 85% evidence Relative strength 0.0/20 · Lead over its industry -14.1% · Lead over NIFTY 500 -19.8% · 1 year -38.6% · 100% evidence · 1 of 12 weeks ahead Exact sum: 8.2 + 14.3 + 12.8 + 0 = 35.3 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 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: [Opalware](https://www.sectoralpha.in/sectors/opalware), all 3 compared on one page. ## Which companies are close to Cello World in size? Cello World is the largest of 3 Opalware companies on Sector Alpha by market value (scores of 30 October 2026). It is the largest. Just below it: Borosil and La Opala RG. ### Opalware companies close in size

1. Cello World Ltd ₹7,391 crore
2. [Borosil Ltd](https://www.sectoralpha.in/stocks/borosil-ltd) ₹3,425 crore
3. [La Opala RG Ltd](https://www.sectoralpha.in/stocks/la-opala-rg-ltd) ₹1,568 crore

[All 3 Opalware companies, largest first](https://www.sectoralpha.in/sectors/opalware#all-companies)

### Companies close in size in other industries

1. [Reliance Power Ltd](https://www.sectoralpha.in/stocks/reliance-power-ltd) ₹7,407 crore · Power - Generation/Distribution
2. [Paisalo Digital Ltd](https://www.sectoralpha.in/stocks/paisalo-digital-ltd) ₹7,392 crore · Finance - Capital Markets - Brokers
3. Cello World Ltd ₹7,391 crore
4. [Sanofi India Ltd](https://www.sectoralpha.in/stocks/sanofi-india-ltd) ₹7,379 crore · Pharma - MNC bulk Drugs
5. [Raymond Ltd](https://www.sectoralpha.in/stocks/raymond-ltd) ₹7,324 crore · Realty - Construction & Contracting

## What else do people ask about Cello World? ### What is Cello World's share price today? Cello World Ltd's share price is ₹351.55, −44.7% over the past year. The whole company is worth ₹7,922 Cr on the market. In the last 52 weeks it traded between ₹322 to ₹635; today it is 9% of the way up from the low, 13.3% below its 200-day average (as of 4 November 2026). ### What were Cello World's latest quarterly results? Cello World Ltd reported revenue of ₹527 Cr and net profit of ₹73.0 Cr for the Jun 2026 quarter. Revenue fell 0.4% and profit fell 9.9% compared with a year earlier. Earnings per share were ₹3.25. The operating margin was 19.0%, 2.0 percentage points lower than a year earlier (as of 4 November 2026). ### What is Cello World's market cap? Cello World Ltd's market capitalisation is ₹7,922 Cr at a share price of ₹351.55. 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 Cello World performing? Cello World Ltd's share price has been falling for 102 weeks. In its latest quarter, revenue fell 0.4% and profit fell 9.9% compared with a year earlier. Over the past 13 weeks it has done better than the NIFTY 500, for 5 weeks running (as of 4 November 2026). ### Will Cello World's share price go up? This page does not forecast Cello World Ltd's share price. What it shows instead: the share price is ₹351.55, and it has been falling for 102 weeks. Its P/E of 24.9× is higher than 6% of its own last 3 years (as of 4 November 2026). ### Where is Cello World in its business cycle? Cello World Ltd's FY26 operating margin was 20.0%, against a 6-year range of 20.0% to 26.0%: the low end of its own range, which is often where recoveries start. The latest quarter was 19.0%. 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 Cello World story? The main question: yearly earnings per share moved −9.0% while the share price moved −44.7%. 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 Cello World a stock worth studying right now? What the numbers show: Cello World Ltd's P/E is near the low end of its own history, higher than only 6% of past readings, and its quarterly results are still getting worse. The main open question: whether the price catches up with earnings that have already grown. 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 Cello World share price forecast for 2026? What management itself guided: Steelware assortment to expand to 50-55 SKUs over the next couple quarters; full lost-sales recovery expected after another couple quarters. ## Lists

- 52 week high & low: https://www.sectoralpha.in/52-week-high-stocks-india

This is research, not advice. We’re not SEBI-registered.