---
title: "Cellecor Gadgets Ltd (CELLECOR) — Share Price, Financials & Analysis"
symbol: "CELLECOR"
company: "Cellecor Gadgets Ltd"
canonical: "https://tapetide.com/stocks/CELLECOR"
isin: "INE0OMO01025"
nse_symbol: "CELLECOR"
sector: "Consumer Goods"
industry: "Electronics"
market_cap_cr: 681.89
generated_at: "2026-09-13T18:25:43.762Z"
---

# Cellecor Gadgets Ltd (CELLECOR)

Canonical page: https://tapetide.com/stocks/CELLECOR

## Company

- **NSE Symbol:** CELLECOR
- **ISIN:** INE0OMO01025
- **Sector:** Consumer Goods
- **Industry:** Electronics
- **Macro Sector:** Consumer Discretionary
- **Stock Type:** EQUITY
- **Listed Since:** 2023-09-28
- **Face Value:** ₹1
- **F&O Eligible:** No
- **Website:** cellecor.com

## About

Incorporated in 2020, Cellecor GadgetsLtd is in the business of selling consumer electronic products[1]

## Latest Price

- **Price:** ₹30.6
- **Change:** -0.5 (-1.61%)
- **Open:** ₹30.8
- **Day High:** ₹30.9
- **Day Low:** ₹30.3
- **Previous Close:** ₹31.1
- **Volume:** 171000
- **As Of:** 2026-09-11T09:57:28+00:00

## Key Fundamentals

Observed at 2026-09-11T04:39:21.783982Z.

- **Market Cap:** ₹681.89 Cr
- **Classification:** SME
- **P/E (reported):** 17.5
- **Book Value:** ₹9.42
- **Price to Book:** 3.3
- **Dividend Yield:** 0%
- **ROE:** 19.81%
- **ROCE:** 34.18%
- **Debt to Equity:** 0.69
- **Revenue (yearly):** ₹1291.81 Cr
- **Net Income:** ₹39.15 Cr
- **EBITDA:** ₹71.15 Cr
- **52-Week High:** ₹43.85
- **52-Week Low:** ₹21.8
- **RSI (14):** 41.85

## Tapetide Score

- **Score:** 62 / 100
- **Score date:** 2026-09-04
- **Archetype:** Priced for Perfection
- **What it means:** The business scores well but the multiple leaves little room for error. The debate here is about the price, not the company; small disappointments tend to cost more at rich valuations.
- **Pillar profile:** Quality: Good · Valuation: Expensive · Momentum: Rising
- **Percentile:** 92.5 (of 4473 scored stocks)
- **Confidence:** 88%
- **Data coverage:** 76%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 40.2 | 9% |
| growth | 74.95 | 9% |
| momentum | 67.99 | 12% |
| ownership | 66.3 | 24% |
| quality | 74.08 | 22% |
| valuation | 48.89 | 24% |

The Tapetide Score is decision-support only, not investment advice.

## Key Insights

### Strengths

- Company has delivered good profit growth of 356% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 24.4%

### Weaknesses

- Though the company is reporting repeated profits, it is not paying out dividend
- Promoter holding has decreased over last quarter: -3.22%

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| cash flow growth | 66.95% | -62.65% | -33.62% |
| ebitda margin growth | 4.16% | -6.93% | 122.18% |
| net income growth | 26.7% | 70% | 357% |
| revenue growth | 25.91% | 70% | 60.5% |
| roce | 6.12% | -44.95% | 38.48% |
| roe | 10.67% | 32.05% | -162.04% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Sep 2022 | Mar 2023 | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 114 | 151 | 210 | 291 | 426 | 600 | 641 | 650 |
| Expenses | 109 | 143 | 197 | 274 | 400 | 571 | 608 | 613 |
| Operating Profit | 5 | 8 | 13 | 17 | 25 | 29 | 34 | 37 |
| OPM % | 4.4 | 5 | 6 | 6 | 6 | 4.8 | 5 | 6 |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest | 0 | 1 | 3 | 4 | 5 | 7 | 7 | 10 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 1 |
| Profit before tax | 4 | 6 | 10 | 12 | 20 | 22 | 27 | 27 |
| Tax % | 22 | 25 | 26 | 25 | 26 | 25 | 27 | 25 |
| Net Profit | 3 | 5 | 7 | 9 | 15 | 16 | 20 | 20 |
| EPS in Rs | 30.64 | 42.73 | 0.33 | 0.43 | 0.7 | 0.75 | 0.89 | 0.91 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- |
| Sales | 0 | 121 | 264 | 500 | 1026 | 1292 |
| Expenses | 0 | 118 | 252 | 471 | 972 | 1221 |
| Operating Profit | 0 | 3 | 13 | 30 | 54 | 71 |
| OPM % | — | 2.5 | 4.8 | 6 | 5 | 6 |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest | 0 | 0 | 2 | 7 | 12 | 17 |
| Depreciation | 0 | 0 | 0 | 1 | 1 | 1 |
| Profit before tax | 0 | 3 | 11 | 22 | 41 | 53 |
| Tax % | 0 | 28 | 24 | 26 | 25 | 26 |
| Net Profit | 0 | 2 | 8 | 16 | 31 | 40 |
| EPS in Rs | -0.2 | 21.4 | 73.36 | 0.77 | 1.42 | 1.79 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 0.1 | 0.1 | 0.11 | 21 | 22 | 22 |
| Reserves | 0 | 2 | 14 | 69 | 134 | 183 |
| Borrowings | 0 | 1 | 21 | 75 | 121 | 142 |
| Other Liabilities | 0 | 20 | 35 | 21 | 59 | 121 |
| Total Liabilities | 0 | 24 | 70 | 186 | 335 | 468 |
| Fixed Assets | 0 | 0 | 1 | 1 | 19 | 18 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 0 | 24 | 69 | 185 | 317 | 450 |
| Total Assets | 0 | 24 | 70 | 186 | 335 | 468 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 0 | 0 | -21 | -102 | -34 | 1 |
| Cash from Investing Activity | 0 | 0 | -2 | -1 | -18 | -5 |
| Cash from Financing Activity | 0 | 1 | 22 | 107 | 69 | 13 |
| Net Cash Flow | 0 | 1 | -1 | 4 | 17 | 9 |
| Free Cash Flow | 0 | -1 | -22 | -102 | -52 | 1 |
| CFO/OP | 0 | -13 | -157 | -318 | -42 | 13 |

### Ratios

| Item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | — | 3 | 10 | 14 | 15 | 30 |
| Inventory Days | — | 42 | 76 | 81 | 87 | 79 |
| Days Payable | — | 55 | 37 | 13 | 17 | 30 |
| Cash Conversion Cycle | — | -11 | 49 | 82 | 84 | 80 |
| Working Capital Days | — | 7 | 25 | 61 | 41 | 54 |
| ROCE % | — | 171 | 64 | 29 | 24 | 23 |

## Shareholding Pattern

### Quarterly

| Category | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- |
| Promoters | 51.54% | 51.54% | 51.54% | 49.64% | 46.3% | 46.3% |
| FIIs | 4.41% | 0% | 0% | 3.27% | 8.78% | 8.72% |
| DIIs | 1.02% | 0% | 0% | 0% | 0% | 0% |
| Government | 0% | 0% | 0% | 0% | 13.05% | 13.05% |
| Public | 18.93% | 23.81% | 27.52% | 26.79% | 25.03% | 23.95% |
| Others | 24.11% | 24.65% | 20.94% | 20.29% | 6.85% | 7.98% |
| No. of Shareholders | 11 | 1065 | 2674 | 4773 | 5263 | 4891 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Strong Sell
- **Buy / Neutral / Sell:** 2 / 5 / 12

### Moving Averages — summary: **Strong Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 31.86 | Sell |
| EMA (10) | 31.74 | Sell |
| SMA (20) | 32.17 | Sell |
| EMA (20) | 32.06 | Sell |
| SMA (50) | 33.47 | Sell |
| EMA (50) | 33.06 | Sell |
| SMA (100) | 35.69 | Sell |
| EMA (100) | 33.45 | Sell |
| SMA (200) | 31.82 | Sell |
| EMA (200) | 34.13 | Sell |

### Oscillators — summary: **Neutral**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 39.43 | Neutral |
| MACD (12,26,9) | -0.44 | Sell |
| Stochastic (14,3,3) | 23.71 | Neutral |
| ADX (14) | 17.18 | Neutral |
| Williams %R (14) | -87.63 | Buy |
| ATR (14) | 1.42 | High Volatility |
| ROC (12) | -11.3 | Sell |
| Stoch RSI (14) | 0 | Buy |
| UO (7,14,28) | 51.5 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 9 Sep - AGM notice dispatched; newspaper advertisements published on September 9, 2026. | [Copy of Newspaper Publication 9 Sep - AGM notice dispatched; newspaper advertisements published on September 9, 2026.](https://nsearchives.nseindia.com/corporate/CELLECOR_09092026121704_Publication_of_Newspaper_Advertisement-_Notice_of_AGM.pdf) |
| 9 January 2026 - Regional Director upheld Rs.29,00,000 penalty for 2016 preferential allotment; order received January 09, 2026. | [Action(s) initiated or orders passed 9 January 2026 - Regional Director upheld Rs.29,00,000 penalty for 2016 preferential allotment; order received January 09, 2026.](https://nsearchives.nseindia.com/corporate/VLINFRA_09012026203258_REGULATION30DISCLOSURE.pdf) |
| 8 Sep - 6th AGM on 30 Sep 2026; MD remuneration ceiling raised to ₹1.5 crore from ₹90 lakh. | [Shareholders meeting 8 Sep - 6th AGM on 30 Sep 2026; MD remuneration ceiling raised to ₹1.5 crore from ₹90 lakh.](https://nsearchives.nseindia.com/corporate/CELLECOR_08092026125143_Notice_of_AGM_with_Cover_Letter.pdf) |
| 8 May 2026 - Members approved issuance of up to 3.5 crore convertible warrants to promoter Ravi Agarwal. | [Shareholders meeting 8 May 2026 - Members approved issuance of up to 3.5 crore convertible warrants to promoter Ravi Agarwal.](https://nsearchives.nseindia.com/corporate/CELLECOR_08052026135157_Voting_Results.pdf) |
| 8 June 2026 - Amir Sohail promoted VP-Business Head; Jubin Rawal joins as Chief Marketing Officer. | [General Updates 8 June 2026 - Amir Sohail promoted VP-Business Head; Jubin Rawal joins as Chief Marketing Officer.](https://nsearchives.nseindia.com/corporate/CELLECOR_08062026173520_Update.pdf) |
| 8 Aug - Notice of Postal Ballot and e-voting advertisement published on August 08, 2026. | [General Updates 8 Aug - Notice of Postal Ballot and e-voting advertisement published on August 08, 2026.](https://nsearchives.nseindia.com/corporate/CELLECOR_08082026170914_newspaper.pdf) |
| 8 April 2026 - Company completed dispatch of postal ballot notice and published e-voting newspaper advertisements on April 8, 2026. | [Copy of Newspaper Publication 8 April 2026 - Company completed dispatch of postal ballot notice and published e-voting newspaper advertisements on April 8, 2026.](https://nsearchives.nseindia.com/corporate/CELLECOR_08042026113758_Newspaper_Advertisement__2_.pdf) |
| 7 Sep - Postal ballot passed six resolutions, including NSE main board migration, ESOP 2026, director appointment, and capital increase. | [Shareholders meeting 7 Sep - Postal ballot passed six resolutions, including NSE main board migration, ESOP 2026, director appointment, and capital increase.](https://nsearchives.nseindia.com/corporate/CELLECOR_07092026160728_Voting_Results_Compiled.pdf) |
| 7 Sep - Cellecor Gadgets names KMPs authorised to determine materiality and make disclosures under Regulation 30(5). | [General Updates 7 Sep - Cellecor Gadgets names KMPs authorised to determine materiality and make disclosures under Regulation 30(5).](https://nsearchives.nseindia.com/corporate/CELLECOR_07092026155711_Authorised_KMP_Reg_30.pdf) |
| 7 Sep - Cellecor Gadgets Limited has informed about Resignation of Director/KMP/SMP | [Resignation of Director/KMP/SMP 7 Sep - Cellecor Gadgets Limited has informed about Resignation of Director/KMP/SMP](https://nsearchives.nseindia.com/corporate/CELLECOR_ROID_98042_KMP_Doc.zip) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Annual Report 2026 from nse](https://archives.nseindia.com/annual_reports/SME_AR_31721_CELLECOR_2025_2026_A_24407107_07092026175135.pdf) |
| from nse | [Annual Report 2025 from nse](https://archives.nseindia.com/annual_reports/SME_AR_28543_CELLECOR_2024_2025_A_36073253_05092025133118.pdf) |
| from nse | [Financial Year 2025 from nse](https://archives.nseindia.com/annual_reports/SME_AR_28816_VLINFRA_2024_2025_A_10473812_06092025191413.pdf) |
| from nse | [Annual Report 2024 from nse](https://archives.nseindia.com/annual_reports/SME_AR_26299_CELLECOR_2023_2024_03102024133316.pdf) |
| from nse | [Financial Year 2024 from nse](https://archives.nseindia.com/annual_reports/SME_AR_25981_VLINFRA_2023_2024_0609202416355.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Oct 2024 | [Concall - Oct 2024](https://nsearchives.nseindia.com/corporate/CELLECOR_16102024120638_EarningUpdate.pdf) |
| Nov 2025 | [Concall - Nov 2025](https://nsearchives.nseindia.com/corporate/CELLECOR_05112025171140_Updates05112025.pdf) |
| Feb 2025 | [Concall - Feb 2025](https://nsearchives.nseindia.com/corporate/VLINFRA_22022025181005_InvestorPresentation.pdf) |
| Feb 2025 | [Concall - Feb 2025](https://nsearchives.nseindia.com/corporate/VLINFRA_22022025163047_InvestorPresentation.pdf) |
| Dec 2023 | [Concall - Dec 2023](https://nsearchives.nseindia.com/corporate/CELLECOR_17122023165225_Investorpresentationcellecor17122023.pdf) |
| Apr 2025 | [Concall - Apr 2025](https://nsearchives.nseindia.com/corporate/CELLECOR_17042025191600_Outcome_of_Board_Meeting.pdf) |
| Apr 2024 | [Concall - Apr 2024](https://nsearchives.nseindia.com/corporate/CELLECOR_25042024192715_PPTCellecor25042024signed.pdf) |

---

Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T18:25:43.762Z.