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Cellecor Gadgets Ltd

CELLECOR
NSE
36.40
0.00%
Last Updated:
30 Apr '26, 4:00 PM
Company Overview
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Cellecor Gadgets Ltd

CELLECOR
NSE
36.40
0.00%
30 Apr '26, 4:00 PM
Company Overview
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6M
Price
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Quick Ratios

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Mkt Cap
Market Capitalization
803Cr
Close
Close Price
36.40
Industry
Industry
Retail - Electronics
PE
Price To Earnings
22.20
PS
Price To Sales
0.65
Revenue
Revenue
1,242Cr
Rev Gr TTM
Revenue Growth TTM
73.30%
PAT Gr TTM
PAT Growth TTM
51.16%
Peer Comparison
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CELLECOR
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Quarterly Results

Standalone
Numbers
Percentage
QuarterSep 2022Mar 2023Sep 2023Mar 2024Sep 2024Mar 2025Sep 2025
Revenue
RevenueCr
114151210291426600641
Growth YoY
Revenue Growth YoY%
84.792.8103.1106.450.7
Expenses
ExpensesCr
109143197274400571608
Operating Profit
Operating ProfitCr
581317252934
OPM
OPM%
4.45.26.05.85.94.85.3
Other Income
Other IncomeCr
0000000
Interest Expense
Interest ExpenseCr
0134577
Depreciation
DepreciationCr
0000010
PBT
PBTCr
571012202227
Tax
TaxCr
1233567
PAT
PATCr
3579151620
Growth YoY
PAT Growth YoY%
108.393.0108.379.533.6
NPM
NPM%
3.03.13.43.13.42.73.0
EPS
EPS
0.00.00.50.50.70.80.9

Profit & Loss

Standalone
Numbers
Percentage
Financial YearMar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Revenue
RevenueCr
01212645001,0261,242
Growth
Revenue Growth%
118.089.3105.021.0
Expenses
ExpensesCr
01182524719721,179
Operating Profit
Operating ProfitCr
0313305463
OPM
OPM%
2.54.85.95.35.1
Other Income
Other IncomeCr
000000
Interest Expense
Interest ExpenseCr
00271214
Depreciation
DepreciationCr
000111
PBT
PBTCr
0311224149
Tax
TaxCr
01361113
PAT
PATCr
028163136
Growth
PAT Growth%
8,924.8278.099.492.015.9
NPM
NPM%
1.83.03.23.02.9
EPS
EPS
-0.11.96.90.91.41.6

Balance Sheet

Standalone
Numbers
Percentage
Financial YearMar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Equity Capital
Equity CapitalCr
0002122
Reserves
ReservesCr
021469131
Current Liabilities
Current LiabilitiesCr
0215195179
Non Current Liabilities
Non Current LiabilitiesCr
01600
Total Liabilities
Total LiabilitiesCr
02470186335
Current Assets
Current AssetsCr
02469184316
Non Current Assets
Non Current AssetsCr
001220
Total Assets
Total AssetsCr
02470186335

Cash Flow

Standalone
Financial YearMar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Operating Cash Flow
Operating Cash FlowCr
0-1-21-102-34
Investing Cash Flow
Investing Cash FlowCr
00-2-1-18
Financing Cash Flow
Financing Cash FlowCr
012210769
Net Cash Flow
Net Cash FlowCr
01-1417
Free Cash Flow
Free Cash FlowCr
0-1-22-102-52
CFO To PAT
CFO To PAT%
0.0-23.4-256.1-632.0-108.8
CFO To EBITDA
CFO To EBITDA%
0.0-16.6-164.7-343.9-62.0

Ratios

Standalone
Financial YearMar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Valuation Ratios
Valuation Ratios
Market Cap
Market CapitalizationCr
0004,2101,160
Price To Earnings
Price To Earnings
0.00.00.026.137.5
Price To Sales
Price To Sales
0.00.08.41.1
Price To Book
Price To Book
0.00.00.04.77.6
EV To EBITDA
EV To EBITDA
4.10.11.6144.723.2
Profitability Ratios
Profitability Ratios
GPM
GPM%
13.821.016.913.7
OPM
OPM%
2.54.85.95.3
NPM
NPM%
1.83.03.23.0
ROCE
ROCE%
-31.987.134.917.719.5
ROE
ROE%
-31.996.658.417.920.2
ROA
ROA%
-24.29.011.58.79.2
Operational Ratios
Operational Ratios
Solvency Ratios
Solvency Ratios
Liquidity Ratios
Liquidity Ratios
### **Overview** Cellecor Gadgets Limited, founded in 2012 as *Unity Communications* by **Mr. Ravi Agarwal**, has evolved into a rapidly growing Indian consumer electronics brand. Listed on the **NSE EMERGE** platform (Scrip Code: CELLECOR), the company has achieved over **100 million product sales** across India, with **₹1,025.95 crore in revenue for FY25** and a targeted **₹1,500+ crore in FY26**. Cellecor is transitioning from a low-profile market participant to a dominant household name through aggressive expansion, innovation, and strategic alignment with national initiatives like *Make in India* and *Atmanirbhar Bharat*. --- ### **Leadership & Structure** - **Founders**: Ravi Agarwal (Managing Director & Promoter), Nikhil Agarwal (Co-founder & Whole-Time Director). - **Workforce**: Over **400 professionals** with strategic hires in e-commerce, R&D, sales, and corporate leadership. - **Key Executives**: - Sanjeev Singh (National Business Head) - Amir Sohail (Head of Products) - Abhay Singh (Head of Corporate Sales) - Nikhil Agarwal leads operations, manufacturing, and expansion, championing an **asset-light, operationally agile model**. --- ### **Business Model & Strategy** Cellecor operates on an **asset-light, outsourced manufacturing model**, partnering with leading Indian OEMs to ensure quality, scalability, and fast time-to-market. The company emphasizes **'Make in India'**, backward integration, and local innovation to deliver affordable, high-quality electronics. #### **Core Strategic Pillars (FY25-26):** 1. **Revenue Diversification**: Expanding into **B2B, institutional, and corporate gifting** to generate stable, non-seasonal revenue. 2. **Omnichannel Expansion**: Strengthening **D2C, retail, e-commerce, quick-commerce, and enterprise sales**. 3. **Product Portfolio Growth**: Diversifying into high-growth, high-margin categories like **home appliances, smart TVs, wearables, and AI-enabled devices**. 4. **Technology & R&D**: Investing in **AI, IoT, semiconductor development**, and smart components through global partnerships. 5. **Brand Building**: Aggressive marketing campaigns and **celebrity endorsements** to enhance recognition and emotional connect. --- ### **Product Portfolio** Cellecor offers **600+ SKUs** across five key categories: 1. **Consumer Electronics**: - QLED & 4K Smart TVs (24" to 98"), including a premium **Evoke brand** line. - Smartphones (5G-enabled), Laptops (Intel-powered for students & professionals). - Audio Devices: TWS earbuds, neckbands, soundbars (Ultra Bar, Tune Bar), and **Party Box/Boom/Thunder Bluetooth speakers**. 2. **Smart Gadgets**: - Smartwatches with HD displays, health tracking, and long battery life. 3. **Home & Kitchen Appliances**: - **Refrigerators, washing machines (fully automatic), air conditioners (1-1.8 ton), geysers, coolers, fans, water dispensers, induction cooktops, air fryers, OTG ovens, juicer-mixer grinders, rice cookers**. 4. **Mobile Accessories**: - Chargers, cables, power banks, adapters. 5. **Institutional Offerings**: - Corporate bundles, employee welfare solutions, procurement-ready tech kits. --- ### **Distribution & Retail Network** Cellecor operates one of the most extensive distribution networks in India: - **Retail Touchpoints**: **70,000+** (target: **80,000**) across 28 states and 8 Union Territories. - **Distributors**: **1,800+** (target: **2,500**) with a focus on Tier II, III, and rural (Bharat 2.0) markets. - **Exclusive Brand Stores**: **8 stores** (Delhi, Bhopal, Mizoram, Leh-Ladakh, Andaman & Nicobar, Barnala, Nanded, Sasaram) serving as **immersive experience hubs**. - **Organized Retail Partnerships**: - Sathya Mobiles, Sangeetha Mobiles, OSIA Hyper Retail, Poojara Telecom, PhoneWale, Umiya Mobile, Ramdev Mobiles, LOT Mobiles, Poorvika Mobiles, BIG C Mobiles, PAI International, Sonovision, B New Mobiles, Rockingdeals, and Happi Mobiles. - **Regional Focus**: Strong expansion in **South India**, with partnerships projected to generate **₹750 crore annually**. --- ### **E-Commerce & Digital Channels** Cellecor is present on **15+ major platforms**, including: - **Core Platforms**: Amazon, Flipkart, Myntra, Ajio, JioMart, eBay. - **Quick-Commerce**: Zepto, Blinkit, Swiggy Instamart, Dunzo, BigBasket, JioMart Express. - **Emerging/Niche**: ONDC, Cred, Pop, GlowRoad, Solv, Tata Neu (in exploration), Paytm Mall, Snapdeal. - **D2C**: Official website with **digital warranty services, doorstep installation, and nationwide delivery**. --- ### **Manufacturing & R&D Partnerships** Aligned with *Make in India*, Cellecor partners with Indian manufacturers for quality, speed, and scalability: - **Key OEMs**: - Dixon Technologies (washing machines, refrigerators, smartphones) - PG Electroplast (ACs, coolers, power accessories) - Winsharp Electronics (Smart TVs via Zetwerk) - EPACK Durable (air conditioners) - Noble Moulders, Light Flame, RG Industries, Veeline Industries, Mekr Technologies, Suman Enterprises #### **New Manufacturing Initiative (Apr 2025):** - **Joint venture with Shenzhen H&T Intelligent Control & Jia Zha Geye Technology** to build a **state-of-the-art facility in India** for: - Intelligent control systems - Sensor modules - Semiconductor chips - AI-powered smart components - The plant will serve **India and global markets** (Asia, Africa, Europe, Americas) with integrated R&D and smart factory technologies (IoT, AI, automation). --- ### **Supply Chain & Logistics** - **Logistics Partners**: DTDC, TCI Express, GATI, Porter, Om Logistics, Express Roadways, XP India, Aeropict Logistics, ST Courier. - **Warehouses**: 11 strategic hubs enabling nationwide inventory control and fast distribution. - **Last-Mile Coverage**: Ensures rapid delivery across urban, semi-urban, and rural markets. --- ### **After-Sales Service & Customer Support** - **Service Network**: **2,000+ service centers** across India. - **Home Service**: Coverage in **25,000+ pin codes**. - **Partnership**: Jeeves Consumer Services (Flipkart subsidiary) for **installation, repair, and end-to-end lifecycle management** across 1,000+ cities. - **In-House Technical Repair Center (TRC)**: Reduced repair turnaround from 10–12 days to **7 days**. - **100% spare part availability**. - **Dedicated App**: Enables **warranty registration, service tracking, live support, and troubleshooting**. --- ### **Marketing & Branding** - **Brand Ambassador**: **Kareena Kapoor Khan** for Smart TV line (Oct 2024). - **Celebrity Campaigns**: Shakti Kapoor, Rajpal Yadav, Gulshan Grover (festive campaign: *Ab Happiness Banegi Aur Bhi Affordable*). - **Digital & Mass Media**: Increased marketing spend for **brand visibility**, supported by affiliate marketing, rewards, and fintech integrations. - **Digital Partnerships**: Airtel Payments Bank, PhonePe, Google Pay, CRED, GrabOn, Wanderon, Pop, Truecaller, Shoogloo. - **E-Commerce & Affiliate Ecosystem**: Pop, Swopstore, Admitad, Global Reward Solutions. --- ### **B2B & Corporate Expansion** - **Target Sectors**: FMCG, IT, Manufacturing, Pharma, BFSI, Automobiles, BPO/KPO, Government. - **Procurement Platforms**: Amazon Business, Industry Buying, Tradelndia, Moglix. - **Government Presence**: Registered on **GeM portal** for public sector tenders. - **Offerings**: - Corporate gifting solutions - Employee welfare tech kits - Customized product bundles (e.g., for Zomato delivery partners) --- ### **Fintech & Payment Integration** - Partnerships with **Bajaj Finserv, HomeCredit, TVS Credit, Pine Labs, PhonePe** for: - Buy Now, Pay Later (BNPL) - No-cost EMIs - Instant digital financing - Enhances **affordability, conversion rates, and purchase accessibility**.