CELLO WORLD LTD (CELLO): Financials & Fundamentals History

Share price

Closing priceAdjusted for splits and bonus issues.

3M1YAll

₹365.2 latest close · −0.4% over the last 90 sessions

₹365.2 month-end · −38.7% over 12 months

₹365.2 month-end · −54.6% since Nov '23

52-week range ₹314.00 to ₹656.70 · 1-year volatility 35.9%

Was the rally earned?

1 year3 years

-39%share price, 1 yearMultiple-driven

Mostly the multiple.

Most of the fall came from investors paying a lower multiple (P/E 40.0x to 25.9x); per-share earnings took off 4 points.
The share count fell 6%.

Net profit growth-9 ptsNet profit fell about 11%, which lowers the price.

P/E change-34 ptsThe P/E fell from 40.0x to 25.9x, which lowers the price.

Share count change+5 ptsShare count fell 6%, which lifts the price.

-55%share price, 3 yearsLower P/E held it back

Earnings helped, the multiple did not.

Per-share earnings added 2 points, but investors now pay less per rupee of profit (P/E 59.0x to 25.9x), which took 57 points back.
The share count rose 8%.

Net profit growth+8 ptsNet profit rose about 11%, which lifts the price.

P/E change-57 ptsThe P/E fell from 59.0x to 25.9x, which lowers the price.

Share count change-5 ptsShare count rose 8%, which lowers the price.

What do "pts" mean?

"pts" are percentage points of the share price return. The parts add up to the total shown for each period. Because price = P/E × net profit ÷ share count, higher profit pushes the price up, a higher P/E pushes it up, and more shares push it down.

Example: if the price rose 34% and profit growth accounts for +58 pts while a lower P/E accounts for -24 pts, then 58 - 24 = 34. The +58 is not the profit growth rate itself: it is the part of the price move that profit growth explains.

Not shown for 5 years: earnings were negative at one end, or there is not enough history.

Net profit is trailing twelve months as reported with a 60-day lag.

Compare this with ASAHI INDIA GLASS

How rough has the ride been?

Maximum drawdown-67.7%not yet recovered

1-year volatility35.9%annualised

Beta vs sector index0.553-year daily, correlation 0.29

Volume spikes10last 90 sessions, 5x the 50-day median

Drawdown from peak

Largest drawdowns

-67.7% (2024-07 peak to 2026-09 low, not yet recovered)

-19.8% (2024-01 peak to 2024-03 low, recovered 2024-04)

Most recent volume spikes

2026-10-14: 5x the 50-day median, price +1.6% that day

2026-10-08: 7.9x the 50-day median, price -3.8% that day

2026-10-07: 45.1x the 50-day median, price +5.8% that day

Beta is the slope of daily returns against a market-cap-weighted index of the sector's other listed companies, built from today's constituents (so it excludes companies no longer listed).

Is it expensive against its own past and its peers?

25.9xP/E todayNear its historic low

Against its own history14th percentile

CheapestMedian 39.3xDearest

Usual range 25.5x to 60.1x since 2023-11.

Against Consumer Durables25.9x vs 25.5x

This company

25.9x

Sector median

25.5x

Close to the Consumer Durables median.

P/EP/BP/S

P/E (this company)10th to 90th percentile of its own historyIts medianConsumer Durables median

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P/B (this company)10th to 90th percentile of its own historyIts medianConsumer Durables median

The chart loads when you open this tab.

P/S (this company)10th to 90th percentile of its own historyIts medianConsumer Durables median

How to read this

Shaded band: 10th to 90th percentile of the company's own P/E history; dotted line: its median; orange line: sector median (companies with a positive multiple, at least 5 in the sector).

Sector figures are built from today's listed companies, so they exclude companies that are no longer listed.

All terms explained in the glossary →

How Consumer Durables is valued

Where does it rank among Consumer Durables peers?

Each cell is the company's percentile rank among its Consumer Durables peers (non-financial companies) that month.
Darker is better-ranked.
Rows marked ↓ are inverted (lower debt, shorter cash cycle and a lower P/E rank higher).

Where it ranks today

ROCE56th▼ 30 pts vs a year ago
Op. margin84th▼ 9 pts vs a year ago
Revenue growth25th▼ 14 pts vs a year ago
EPS growth17th▼ 11 pts vs a year ago
Debt/equity ↓90th▼ 7 pts vs a year ago
Cash cycle ↓18thflat vs a year ago
P/E ↓49th▲ 10 pts vs a year ago
12M momentum17th▼ 11 pts vs a year ago

Rank history

ROCE

Op. margin

Revenue growth

EPS growth

Debt/equity ↓

Cash cycle ↓

P/E ↓

12M momentum

Dec '21Jul '22Jan '23Jul '23Jan '24Jul '24Jan '25Jul '25Jan '26Jul '26Nov '26

Lower rank Higher rank Not enough data

Percentiles use today's listed companies in the sector and need at least 5 peers with a value; grey cells have too few.
ROE is computed from net profit and book value where the source does not report it.

The Consumer Durables sector page Watch it move against Consumer Durables in the Observatory

What is the price implying?

~18%annual earnings growth implied by the priceAbove delivered growth

At P/E of 25.9x, a holder earning 12%/yr needs earnings to grow about 17.7%/yr for 10 years, then trade at 15x.

Delivered13.9%/yrEPS, last 6 fiscal years · 3-yr avg to 3-yr avg

Gap+3.8 ptsimplied minus delivered

Rank462ndmost demanding of 856

Over time

Implied growth by month (solid) and delivered growth (dashed).

Change the assumptions

Exit P/E / return	11%	12%	13%
12x	19.2%	20.2%	21.3%
15x	16.6%	17.7%	18.7%
20x	13.4%	14.4%	15.5%

Drag a slider to test other assumptions

Required return 12.0% Years 10 Exit P/E 15x Implied: 17.7%/yr

“Implied growth” is what the current price would require under our stated assumptions, not what we expect. How this is calculated and the market-wide lists.

What prices imply across Consumer Durables The market-wide Expectations lists

Key figures

Share Priceclose 9 Nov: ₹365.20
P/E: 25.9x
ROCE: 17.0%
Market Cap: ₹8229 cr
Revenue (TTM): ₹2322 cr
P/S: 3.5x
P/B: 3.0x
ROE: 11.8%
Operating Margin: 19.0%
Debt / Equity: 0.0x
Promoter Holding: 75.0%
12M Momentum: -38.7%

52-week range

₹314.00₹656.70

15% of the way from its 52-week low to its high

Price risk

1Y volatility

35.9%

Beta vs sector

1-year daily

0.57

Balance sheet & cash

Interest cover

operating profit ÷ interest

100.0x

Cash from profit, 3Y

operating cash flow ÷ net profit

0.71x

Share count, 1Y

unchanged

Are profits backed by cash?

6 of 7checks within range1 near a threshold

Other income reliance12%Within range

Other income as a share of pre-tax profit (trailing twelve months): 11.5%. Bands: below 15%, 15% to 35%, above 35%.

Tax rate26%Within range

Median quarterly effective tax rate over about 2.5 years: 25.5%. Bands: 15% to 35%, 5% to 15% or 35% to 50%, outside 5% to 50%.

Cash conversion0.71xNear threshold

Operating cash flow divided by net profit over the last three fiscal years: 0.71x (cash from operations ₹748 cr, net profit ₹1,053 cr). Bands: 0.8x and above, 0.5x to 0.8x, below 0.5x.

Free cash flow4 of 5 yrsWithin range

Fiscal years with positive free cash flow in the last 5: 4. Bands: at least 80% of years, 40% to 80%, below 40%.

Receivable days vs history+7 daysWithin range

Debtor days are above the median of the previous three fiscal years by 7 days (118 vs 111). Bands: under 15 days, 15 to 45, over 45.

Capital work in progress9% of fixed assetsWithin range

Capital work-in-progress is 9% of fixed assets. Bands: not rising or up to 30%; rising for three years and above 30%; rising and above 60%.

Payable days-8 days / 2 yrsWithin range

Days payable changed by -8 over two years. Bands: rise of up to 30 days; more than 30 days.

Tap a check to see how it is measured

How to read this

Each check is a named rule with fixed thresholds, not a score. Annual statements are the latest restated figures, so a past year may differ from what was originally reported.

All terms explained in the glossary →

Who has been buying and selling?

Over 2 years, promoters trimmed 3.1 pts; DIIs added 2.4 pts.
The number of shareholders fell from 1.5 lakh to 1.2 lakh (-19%) between Dec 2023 and Jun 2026.

Holdings, Jun '26

How each group changed

GroupDec '23Jun '26Change

Promoters78.1%75.0%-3.1 pts

FIIs3.0%3.2%+0.2 pts

DIIs12.8%15.1%+2.4 pts

Public and others6.2%6.6%+0.4 pts

Number of shareholders

1.2 lakhshareholders-19% since Dec '23

Quarterly shareholding as reported, labelled by the quarter it covers (it becomes visible about two months later).
Shareholder counts are only available for recent quarters.

This quarter's smart-money board

What happened next to similar setups

+5.1%typical 12-month return vs the marketAbove the base rate

We found 50 past situations where a non-financial company looked like CELLO WORLD LTD today on valuation, return on capital, margins, debt, growth, price momentum, size and volatility.
Over the following 12 months the middle half of them returned −19% to +31% vs the market, against −4% for all non-financial companies in the same months.
The analogs' median sat above that base rate (gap +8.6%, 80% range +1.0% to +15.0%), but the matches cluster in only 6 distinct 12-month windows.

Where the 50 outcomes landed

Each dot is one past situation (hover or tap for details) · Solid dots are the closest matches, listed below · Shaded is the middle half of all companies in the same months · 4 beyond the range shown, drawn at the edge

Similar setups' median

+5.1%

All companies' median

−3.5%

Beat the market

58% vs 46%

50 past situations · 50 companies · 33 months · 2020–2025

The closest matches

Company	When	P/E	ROCE	12M mom.	Drawdown	Next 12 months
LMW Producer Manufacturing	Apr 2020	14x	18%	−58%	−59%	+60%
SANOFI Health Technology	Jan 2025	27x	—	−29%	−39%	−31%
FINCABLES Producer Manufacturing	Aug 2020	11x	18%	−25%	−34%	+6%
INTELLECT Technology Services	Nov 2024	33x	20%	−2%	−39%	+49%
RATEGAIN Technology Services	Jun 2025	26x	17%	−39%	−45%	+96%

Show the other 3 matches

Company	When	P/E	ROCE	12M mom.	Drawdown	Next 12 months
JYOTHYLAB Consumer Non-Durables	Dec 2024	39x	27%	−17%	−31%	−33%
NOCIL Process Industries	Jun 2023	25x	13%	−13%	−24%	−15%
GRINDWELL Process Industries	Jul 2025	46x	21%	−41%	−42%	+31%

How reliable is this?

Matched on P/E, P/S, ROCE, operating margin, debt/equity, interest cover, revenue growth, 12-month momentum, drawdown from 12-month high, size and volatility. Closest on: 12-month momentum, P/E and revenue growth. One match per company and at most 7 from any one month.

Independent periods: the matches fall in 6 distinct 12-month windows. Matches from nearby months share the same market conditions, so fewer windows means less evidence.

How this is built

This is history, not a forecast. These are past situations where other companies had broadly similar reported numbers and price trends. What happened to them does not tell you what will happen to CELLO WORLD LTD. The comparison covers only 2020–2025, a single market period, and only companies still listed today. Companies that were delisted or went bankrupt are missing, which makes past outcomes look better than they were. Returns exclude dividends and are measured against an ApnaFunda-built index, not an official benchmark. Fundamentals are matched on a 60-day assumed reporting lag, not actual announcement dates. Its historical skill has not yet been measured. Past patterns may not repeat.

Methodology

How historical analogs are built

Data as of 2026-11-09. Outcome pool: Jan 2020 to Oct 2025.

For every company we look at the situation it is in today (valuation, return on capital, margins, debt, growth, 12-month price momentum, drawdown, size and volatility) and find past company-months that looked most like it. We then show what happened to those past situations over the following 12 months, measured against the ApnaFunda All index and against the base rate. It describes history. It does not predict anything.

What is compared

Feature	Weight	Non-financial	Financial
P/E	1	yes	yes
P/S	1	yes	—
P/B	1	—	yes
ROCE	1	yes	—
operating margin	1	yes	—
ROE	1	—	yes
debt/equity	0.75	yes	—
interest cover	0.5	yes	—
revenue growth	0.75	yes	yes
12-month momentum	1	yes	yes
drawdown from 12-month high	0.75	yes	yes
size	0.75	yes	yes
volatility	0.5	yes	yes

Weights were set by judgement before any outcome was looked at and are never tuned on results. Loss-making companies (negative P/E or net profit) are only matched with other loss-making companies. Banks, NBFCs and insurers are compared only with each other and use a different feature set. Every feature is converted, month by month, to its rank among companies in the same pool in that month, so a P/E of 30 in a hot market and a P/E of 22 in a cold one can match if both were equally expensive for their time. Only that month's data is used.

How closeness and the sample are defined

Distance is the weighted root-mean-square gap between the standardised features both companies have. A match needs at least 70% of the query's feature weight, a distance of at most 0.9, and 30 matches at minimum to be shown. We keep up to 50 matches with these exclusions: never the company itself, one match per company (its closest month), and at most 7 from any one calendar month so a single market episode cannot dominate.

Base rate

The base rate is the distribution of 12-month returns, relative to the market, of every eligible company-month in the same pool, with each month weighted to match the months the analogs came from. It answers: how did a random company do in these same months? Because matches from nearby months share the same market conditions, we also report the number of distinct 12-month windows behind a result, and a bootstrap that resamples months decides whether the analog median differs from the base rate at all. "Not meaningfully different" is the usual outcome and the page copy is written for it.

Limits you should know

One market period. The outcome pool covers 2020–2025 only (70 months), including the 2020 crash and the 2020–21 rally.
Survivorship. Only companies listed today are included. Delisted and bankrupt companies are missing, which flatters past outcomes, particularly for distressed-looking setups.
Price return only. Dividends are excluded, and the benchmark is an ApnaFunda market-cap-weighted index of the same listed companies, not an official index.
Reporting lag. Fundamentals are matched on an assumed 60-day lag after the quarter end, not on real announcement dates.
Pools: non-financial: 98,395 company-months from 2019 companies; financial: 5,659 company-months from 108 companies. 2349 companies currently have a result; the rest are suppressed because too few comparable situations exist.

Does it work? A walk-forward check

The walk-forward check has not been run for this build, so skill is shown as not yet measured.

Disclaimer

This is history, not a forecast. These are past situations where other companies had broadly similar reported numbers and price trends. What happened to them does not tell you what will happen to any company shown. The comparison covers only 2020–2025, a single market period, and only companies still listed today. Companies that were delisted or went bankrupt are missing, which makes past outcomes look better than they were. Returns exclude dividends and are measured against an ApnaFunda-built index, not an official benchmark. Fundamentals are matched on a 60-day assumed reporting lag, not actual announcement dates. Its historical skill has not yet been measured. Past patterns may not repeat.

What else looks like this?

Companies with the most similar financial profile today, regardless of industry.

ORKLA INDIAORKLAINDIA

Consumer Non-Durables

74%similar

promoter holdingP/E

VINATI ORGANICSVINATIORGA

Process Industries

72%similar

revenueEPS growth

RAILTEL CORPORATION OF INDRAILTEL

Communications

70%similar

operating marginmarket cap

FDCFDC

Health Technology

69%similar

revenuedebt/equity

GALAXY SURFACTANTSGALAXYSURF

Consumer Non-Durables

67%similar

revenue growthmarket cap

TTK PRESTIGETTKPRESTIG

Consumer Durables

54%similar

market capvolatility

JTEKT INDIAJTEKTINDIA

Consumer Durables

50%similar

volatilitypromoter holding

CERA SANITARYWARECERA

Consumer Durables

45%similar

P/EEPS growth

Similarity is statistical, based on reported metrics; it does not imply similar business quality or future returns.

What changed?

25 events since Feb '24

2026
OctPriceVolume reached 90.8x its 50-day median on 2026-10-06; price +8.6% that day.
SepPriceFell 68% from the Jul 2024 peak to the Sep 2026 low.
AugPriceVolume reached 170.6x its 50-day median on 2026-08-05; price +15.7% that day.
JunResultsRevenue (TTM) reached a new high of ₹2,324 cr.
JunPeer rankSlipped to the 2nd quartile of Consumer Durables on ROCE (from the top quartile).
AprPriceVolume reached 11.9x its 50-day median on 2026-04-07; price +0.2% that day.
MarPeer rankSlipped to the bottom quartile of Consumer Durables on EPS growth (from the 3rd quartile).
MarPriceVolume reached 9.7x its 50-day median on 2026-03-24; price +2.6% that day.

Show 17 earlier events

2026
JanValuationP/E fell below the 10th percentile of its own history to date (33.1x).
JanDebtDebt / equity halved over 12 months to 0.00x.
2025
OctPriceVolume reached 10.8x its 50-day median on 2025-10-29; price +5.9% that day.
SepPriceVolume reached 8.1x its 50-day median on 2025-09-02; price +6.3% that day.
JunResultsYear-on-year EPS growth turned negative.
JunDebtDebt / equity halved over 12 months to 0.00x.
AprPriceVolume reached 11.5x its 50-day median on 2025-04-11; price +0.8% that day.
MarPriceVolume reached 10.9x its 50-day median on 2025-03-21; price +6.1% that day.
2024
DecPromoterPromoter holding fell 3.1 pts to 75.0%.
DecInstitutionsFII + DII holding rose 4.4 pts over 2 quarters to 21.3%.
NovDebtDebt / equity halved over 12 months to 0.32x.
NovSharesShare count is up 8.2% over 12 months.
NovPriceVolume reached 7.9x its 50-day median on 2024-11-25; price +0.8% that day.
AugPriceVolume reached 9.4x its 50-day median on 2024-08-13; price -3.0% that day.
JunDividendDividend payout cut from 62% to 10% of profit.
JunPriceVolume reached 12.8x its 50-day median on 2024-06-21; price +2.2% that day.
FebPriceVolume reached 6.5x its 50-day median on 2024-02-23; price +4.6% that day.

Events are generated from the data by fixed rules.
The month shown is when the change became visible in the reported figures, assuming a 60-day lag after each quarter end; it is not an announcement date.

Where price and fundamentals disagree, market-wide Rewind the whole market to any month

Monthly history37 months · 2023-11 to 2026-11

Month	P/E	Revenue (TTM)	ROE	ROCE	Debt / Equity
2026-11	25.9x	₹2322 cr	11.8%	17.0%	0.0x
2026-10	23.3x	₹2322 cr	12.0%	17.0%	0.0x
2026-09	23.1x	₹2322 cr	12.0%	17.0%	0.0x
2026-08	24.9x	₹2324 cr	12.3%	17.0%	0.0x
2026-07	24.3x	₹2324 cr	12.3%	17.0%	0.0x
2026-06	26.2x	₹2324 cr	12.3%	17.0%	0.0x
2026-05	26.2x	₹2259 cr	14.0%	24.0%	0.0x
2026-04	29.7x	₹2259 cr	14.0%	24.0%	0.0x
2026-03	27.6x	₹2259 cr	14.0%	24.0%	0.0x
2026-02	27.6x	₹2262 cr	15.0%	24.0%	0.0x
2026-01	33.1x	₹2262 cr	15.0%	24.0%	0.0x
2025-12	35.9x	₹2262 cr	15.0%	24.0%	0.0x
2025-11	40.0x	₹2165 cr	14.8%	24.0%	0.0x
2025-10	43.9x	₹2165 cr	14.8%	24.0%	0.0x
2025-09	38.6x	₹2165 cr	14.8%	24.0%	0.0x
2025-08	34.8x	₹2137 cr	15.1%	24.0%	0.0x
2025-07	38.4x	₹2137 cr	15.1%	24.0%	0.0x
2025-06	39.4x	₹2137 cr	15.1%	24.0%	0.0x
2025-05	39.3x	₹2060 cr	31.7%	36.0%	0.3x
2025-04	35.1x	₹2060 cr	31.7%	36.0%	0.3x
2025-03	34.8x	₹2060 cr	31.7%	36.0%	0.3x
2025-02	35.1x	₹2030 cr	31.6%	36.0%	0.3x
2025-01	41.4x	₹2030 cr	31.6%	36.0%	0.3x
2024-12	48.0x	₹2030 cr	31.6%	36.0%	0.3x
2024-11	48.9x	₹2029 cr	31.6%	36.0%	0.3x
2024-10	51.2x	₹2029 cr	31.6%	36.0%	0.3x
2024-09	56.5x	₹2029 cr	31.6%	36.0%	0.3x
2024-08	55.6x	₹2000 cr	31.1%	36.0%	0.3x
2024-07	58.6x	₹2000 cr	31.1%	36.0%	0.3x
2024-06	54.2x	₹2000 cr	31.1%	36.0%	0.3x
2024-05	62.0x	₹1797 cr	84.6%	48.0%	1.0x
2024-04	66.3x	₹1797 cr	84.6%	48.0%	1.0x
2024-03	56.7x	₹1797 cr	84.6%	48.0%	1.0x
2024-02	62.5x	₹1797 cr	84.6%	48.0%	1.0x
2024-01	61.9x	₹1797 cr	84.6%	48.0%	1.0x
2023-12	57.7x	₹1797 cr	84.6%	48.0%	1.0x
2023-11	59.0x	₹1797 cr	84.6%	48.0%	1.0x

Methodology and data notes