Key Financials Snapshot

TTM · Standalone · ₹ in Cr
Market Cap
₹643 Cr.
Stock P/E
20.8
P/B
3.8
Current Price
₹28.9
Book Value
₹ 7.6
Face Value
1
52W High
₹43.9
52W Low
₹ 21.8
Dividend Yield
0%

Cellecor Gadgets Overview

Business

Cellecor Gadgets Ltd. is primarily engaged in the trading and distribution of a diverse range of consumer electronic products. Its core business model involves sourcing finished electronic goods from various manufacturers, both domestic and international, and distributing them through a multi-channel network within India. This network typically includes offline retail stores, e-commerce platforms, and potentially its own branded outlets or direct-to-consumer channels. The company generates revenue through the sale of these products, earning margins on the difference between procurement costs and sales prices. Its product portfolio often includes mobile phones, smartwatches, neckbands, TWS (True Wireless Stereo) earbuds, speakers, power banks, and other mobile accessories.

Revenue Mix

Detailed segment-wise revenue contribution is not publicly available in a granular format. However, based on its product offerings, Cellecor's revenue is primarily derived from the sale of:

Mobile Phones and Smart Devices: Including feature phones, smartphones, and smartwatches.

Audio Accessories: Such as neckbands, TWS earbuds, and portable speakers.

Mobile Accessories: Power banks, chargers, data cables, etc.

Given the typical product mix for such companies, mobile phones and smart devices often represent a significant portion of the revenue, followed by audio and other accessories.

Industry

Cellecor operates within the highly competitive Indian consumer electronics trading and distribution industry. This industry is characterized by rapid technological advancements, evolving consumer preferences, and intense price competition. It includes a mix of large established players (both global and domestic brands, and major distributors) and numerous smaller, regional distributors. Cellecor positions itself as an emerging Indian brand offering a range of 'value for money' electronic gadgets, often targeting the mid-to-entry level segments. Its standing is that of a growing player seeking to expand its market share by focusing on affordable technology and building a strong distribution network, potentially competing with other domestic electronics brands and unorganized sector players.

MOAT

For a trading and distribution company, durable competitive advantages (moats) are challenging to establish and maintain. Cellecor's potential nascent advantages could include:

Distribution Network: Building an extensive and efficient distribution network across various tiers of Indian cities, including semi-urban and rural areas, which can be a barrier to entry for new players.

Brand Recognition: If the company successfully builds its own private label brand ("Cellecor") that gains consumer trust for reliability and affordability, it can create a preference among its target audience.

Cost Efficiency: Optimized sourcing, logistics, and inventory management can allow for competitive pricing while maintaining margins.

However, these advantages are often susceptible to disruption by larger players with deeper pockets, established brands, and more sophisticated supply chains.

Growth Drivers

Increasing Demand for Consumer Electronics: India's large and growing middle class, rising disposable incomes, and increasing digital literacy are driving robust demand for smartphones, smart devices, and accessories.

Market Penetration in Tier 2/3 Cities: Significant untapped potential exists in smaller cities and rural areas where access to affordable gadgets is expanding.

E-commerce Growth: The expanding reach of online retail platforms provides an additional channel for distribution and market reach, complementing offline sales.

Product Portfolio Expansion: Introducing new product categories or upgrading existing ones with advanced features can attract new customers and drive repeat purchases.

"Make in India" Initiatives: Government support for domestic manufacturing and value addition can create a more favorable operating environment for local brands and distributors.

Risks

Intense Competition & Price Pressure: The market is crowded with numerous domestic and international brands, leading to price wars and margin erosion.

Technological Obsolescence & Inventory Risk: Rapid advancements in technology can quickly render existing products outdated, leading to inventory write-offs or reduced profitability.

Supply Chain Disruptions: Dependence on global component suppliers or manufacturing partners exposes the company to risks from geopolitical events, natural disasters, or logistics bottlenecks.

Currency Fluctuations: As products or components may be imported, adverse movements in foreign exchange rates can impact procurement costs and profitability.

Changes in Consumer Preferences: Sudden shifts in demand patterns or brand loyalty can impact sales volumes.

Regulatory & Policy Changes: Changes in import duties, GST rates, or product safety standards can affect operations and costs.

Management & Ownership

Cellecor Gadgets Ltd. is typically a promoter-led company, with the founding family or individuals holding a significant stake and guiding its strategic direction. The management team likely comprises individuals with experience in consumer electronics, distribution, and retail within the Indian market. The ownership structure generally involves a substantial promoter holding, with the remaining shares held by public investors, including retail and institutional participants post-listing. The focus of the management is usually on expanding market reach, optimizing the supply chain, and strengthening the brand presence.

Outlook

Cellecor Gadgets operates in a vibrant and growing Indian consumer electronics market, which offers significant opportunities due to increasing penetration and disposable incomes. The company's focus on affordable gadgets and expanding its distribution network positions it to capture demand in both urban and semi-urban areas. However, the path to sustained profitability and market leadership is challenging due to the highly competitive landscape, rapid technological changes, and inherent risks associated with a trading business. Success will hinge on its ability to efficiently manage its supply chain, innovate its product offerings, build strong brand loyalty, and navigate intense pricing pressures while maintaining healthy margins.

Cellecor Gadgets Share Price

Live · NSE · Inception: 2020
₹ | |
Volume
Price

Key Financials — Profit & Loss

₹ in Cr · Standalone · annual

Cellecor Gadgets Quarterly Results

#(Fig in Cr.)
Net Sales
Other Income
Total Income
Total Expenditure
Operating Profit
Interest
Depreciation
Exceptional Income / Expenses
Profit Before Tax
Provision for Tax
Profit After Tax
Adjustments
Profit After Adjustments
Adjusted Earnings Per Share

Cellecor Gadgets Profit & Loss

#(Fig in Cr.) Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 0 121 264 500 1026
Other Income 0 0 0 0 0
Total Income 0 121 264 501 1026
Total Expenditure 0 118 252 471 972
Operating Profit -0 3 13 30 54
Interest 0 0 2 7 12
Depreciation 0 0 0 1 1
Exceptional Income / Expenses 0 0 0 0 0
Profit Before Tax -0 3 11 22 41
Provision for Tax 0 1 3 6 11
Profit After Tax -0 2 8 16 31
Adjustments 0 0 0 0 0
Profit After Adjustments -0 2 8 16 31
Adjusted Earnings Per Share -0 0.2 0.6 0.8 1.4

Cellecor Gadgets Balance Sheet

#(Fig in Cr.) Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 0 2 14 90 156
Minority's Interest 0 0 0 0 0
Borrowings 0 1 6 0 0
Other Non-Current Liabilities 0 0 -0 -0 -0
Total Current Liabilities 0 21 51 95 179
Total Liabilities 0 24 70 186 335
Fixed Assets 0 0 1 1 19
Other Non-Current Assets 0 0 0 1 1
Total Current Assets 0 24 69 184 316
Total Assets 0 24 70 186 335

Cellecor Gadgets Cash Flow

#(Fig in Cr.) Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 0 0 1 0 4
Cash Flow from Operating Activities 0 -0 -21 -102 -34
Cash Flow from Investing Activities 0 -0 -2 -1 -18
Cash Flow from Financing Activities 0 1 22 107 69
Net Cash Inflow / Outflow 0 1 -1 4 17
Closing Cash & Cash Equivalent 0 1 0 4 22

Cellecor Gadgets Ratios

# Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) -0 0.19 0.64 0.77 1.42
CEPS(Rs) -0 0.19 0.68 0.79 1.46
DPS(Rs) 0 0 0 0 0
Book NAV/Share(Rs) 0.01 0.2 1.1 4.29 7.03
Core EBITDA Margin(%) 0 2.48 4.75 5.91 5.29
EBIT Margin(%) 0 2.47 4.58 5.82 5.21
Pre Tax Margin(%) 0 2.46 4.01 4.34 4.04
PAT Margin (%) 0 1.76 3.05 3.22 3.01
Cash Profit Margin (%) 0 1.78 3.23 3.32 3.1
ROA(%) -24.2 17.98 17.25 12.59 11.87
ROE(%) -31.93 186.74 100.74 31.03 25.44
ROCE(%) -31.93 170.79 63.63 29.21 24.21
Receivable days 0 2.77 5.57 9.5 10.64
Inventory Days 0 36.05 43.78 52.34 53.72
Payable days 0 27.69 35.56 17.32 11.68
PER(x) 0 0 0 26.16 37.55
Price/Book(x) 0 0 0 4.68 7.58
Dividend Yield(%) 0 0 0 0 0
EV/Net Sales(x) 0 0 0.08 0.98 1.23
EV/Core EBITDA(x) 0 0.19 1.65 16.57 23.19
Net Sales Growth(%) 0 0 117.95 89.31 105
EBIT Growth(%) 0 0 304.89 140.26 83.63
PAT Growth(%) 0 8924.79 277.96 99.4 91.99
EPS Growth(%) 0 8924.79 233.89 19.49 84.93
Debt/Equity(x) 0 0.55 1.51 0.83 0.79
Current Ratio(x) 4.13 1.15 1.36 1.92 1.76
Quick Ratio(x) 4.13 0.57 0.34 0.96 0.59
Interest Cover(x) 0 554.22 7.97 3.93 4.44
Total Debt/Mcap(x) 0 0 0 0.18 0.11

Growth Rates

Compounded annual
# 1 Year 3 Year 5 Year 10 Year
Sales CAGR +105% +104% — —
Operating Profit CAGR +80% +162% — —
PAT CAGR +94% +149% — —
Share Price CAGR -5% +40% — —
ROE Average +25% +52% +62% +62%
ROCE Average +24% +39% +51% +51%

Cellecor Gadgets Shareholding Pattern

Latest · Mar 2026
100% held
Promoters 46.3 %
FII 8.72 %
DII (MF + Insurance) 13.05 %
Public (retail) 31.93 %
# Sep 2023 Mar 2024 Sep 2024 Mar 2025 Sep 2025 Mar 2026
Promoter 51.5451.5451.5449.6446.346.3
FII 4.410.770.023.278.788.72
DII 5.733.912.140.2813.0513.05
Public 38.3243.7846.3146.8131.8731.93
Others 000000
Total 100100100100100100

Cellecor Gadgets Peer Comparison

Cellecor Gadgets Quarterly Price

10-year quarterly close · BSE
Show Value Show %

News & Updates

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Cellecor Gadgets Pros & Cons

Pros

  • Company has a good return on equity (ROE) track record: 3 Years ROE 52%
  • Debtor days have improved from 17.32 to 11.68days.

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend.
  • Promoter holding is low: 46.3%.
  • Stock is trading at 3.8 times its book value.
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