Quick Ratios
Quarterly Results
Profit & Loss
Balance Sheet
Cash Flow
Ratios
Mkt Cap
Market Capitalization
₹895Cr
E-Commerce - Platform - Utility
Rev Gr TTM
Revenue Growth TTM
41.18%
Peer Comparison
Compare up to 10 companies side by side across valuation, profitability, and growth.

CNL
VS
| Quarter | Mar 2023 | Jun 2023 | Sep 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Mar 2025 | Jun 2025 | Sep 2025 |
|---|
|
Growth YoY Revenue Growth YoY% | 51.4 | 96.2 | 34.7 | 21.3 | -23.4 | -35.7 | -4.3 | 29.0 | 32.5 | 30.6 | 59.4 | 38.7 |
| 391 | 461 | 418 | 500 | 292 | 293 | 399 | 647 | 389 | 382 | 633 | 888 |
Operating Profit Operating ProfitCr |
| 1.4 | 1.5 | 2.8 | 2.1 | 3.9 | 2.7 | 3.0 | 1.9 | 3.4 | 2.8 | 3.5 | 2.9 |
Other Income Other IncomeCr | 6 | 3 | 3 | 6 | 16 | 4 | 5 | 12 | 5 | 4 | 4 | 6 |
Interest Expense Interest ExpenseCr | 3 | 2 | 2 | 2 | 2 | 1 | 2 | 4 | 3 | 3 | 4 | 6 |
Depreciation DepreciationCr | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 9 | 7 | 12 | 13 | 25 | 11 | 15 | 20 | 16 | 12 | 22 | 26 |
| 2 | 1 | 2 | 2 | 5 | 2 | 2 | 3 | 2 | 2 | 3 | 3 |
|
Growth YoY PAT Growth YoY% | 24.5 | 45.9 | 14.9 | 50.2 | 215.7 | 54.6 | 26.4 | 47.8 | -32.6 | 12.0 | 43.3 | 36.9 |
| 1.6 | 1.3 | 2.4 | 2.3 | 6.7 | 3.0 | 3.2 | 2.6 | 3.4 | 2.6 | 2.9 | 2.6 |
| 5.2 | 3.9 | 6.8 | 7.3 | 15.1 | 5.7 | 7.8 | 10.6 | 8.4 | 5.9 | 10.8 | 13.5 |
| Financial Year | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|
|
| | 24.5 | 13.6 | 82.1 | 47.1 | 23.5 | 3.6 | 32.7 |
| 357 | 442 | 508 | 915 | 1,357 | 1,672 | 1,728 | 2,292 |
Operating Profit Operating ProfitCr |
| 2.8 | 3.4 | 2.4 | 3.4 | 2.6 | 2.8 | 3.1 | 3.1 |
Other Income Other IncomeCr | 3 | 1 | 6 | 1 | 10 | 20 | 18 | 20 |
Interest Expense Interest ExpenseCr | 5 | 5 | 5 | 6 | 9 | 10 | 10 | 16 |
Depreciation DepreciationCr | 1 | 1 | 1 | 1 | 2 | 1 | 1 | 1 |
| 8 | 11 | 13 | 25 | 34 | 58 | 62 | 76 |
| 2 | 3 | 4 | 6 | 7 | 10 | 8 | 10 |
|
| | 33.0 | 20.6 | 105.2 | 41.6 | 77.1 | 10.1 | 24.7 |
| 1.6 | 1.7 | 1.8 | 2.0 | 2.0 | 2.8 | 3.0 | 2.8 |
| 2.5 | 6.8 | 8.3 | 13.5 | 19.5 | 32.6 | 32.2 | 38.7 |
| Financial Year | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 |
|---|
Equity Capital Equity CapitalCr | 6 | 12 | 12 | 12 | 13 | 14 | 15 | 15 |
| 28 | 30 | 47 | 69 | 105 | 191 | 279 | 308 |
Current Liabilities Current LiabilitiesCr | 78 | 98 | 126 | 153 | 152 | 129 | 219 | 444 |
Non Current Liabilities Non Current LiabilitiesCr | 7 | 5 | 4 | 11 | 10 | 8 | 3 | 2 |
Total Liabilities Total LiabilitiesCr |
Current Assets Current AssetsCr | 108 | 145 | 182 | 242 | 278 | 352 | 518 | 775 |
Non Current Assets Non Current AssetsCr | 10 | 10 | 10 | 11 | 10 | 9 | 14 | 13 |
Total Assets Total AssetsCr |
| Financial Year | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|
Operating Cash Flow Operating Cash FlowCr | -4 | -2 | -4 | -19 | -21 | -28 | 22 |
Investing Cash Flow Investing Cash FlowCr | -2 | -1 | -2 | -3 | -2 | -24 | -7 |
Financing Cash Flow Financing Cash FlowCr | 7 | 3 | 7 | 22 | 21 | 57 | 20 |
|
Free Cash Flow Free Cash FlowCr | -6 | -3 | -6 | -21 | -22 | -29 | 19 |
| -68.2 | -30.8 | -42.1 | -98.3 | -77.9 | -58.4 | 41.2 |
CFO To EBITDA CFO To EBITDA% | -38.9 | -15.4 | -31.5 | -59.4 | -59.6 | -57.6 | 40.0 |
| Financial Year | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|
Valuation Ratios Valuation Ratios |
Market Cap Market CapitalizationCr | 63 | 90 | 120 | 868 | 537 | 1,006 | 1,134 |
Price To Earnings Price To Earnings | 10.7 | 11.6 | 12.6 | 54.3 | 21.8 | 22.8 | 24.5 |
Price To Sales Price To Sales | 0.2 | 0.2 | 0.2 | 0.9 | 0.4 | 0.6 | 0.6 |
Price To Book Price To Book | 1.9 | 2.2 | 2.0 | 10.8 | 4.6 | 4.9 | 3.9 |
| 9.3 | 7.7 | 12.5 | 29.0 | 17.3 | 21.7 | 21.0 |
Profitability Ratios Profitability Ratios |
| 8.7 | 11.1 | 8.7 | 9.6 | 7.0 | 7.1 | 8.8 |
| 2.8 | 3.4 | 2.4 | 3.4 | 2.6 | 2.8 | 3.1 |
| 1.6 | 1.7 | 1.8 | 2.0 | 2.0 | 2.8 | 3.0 |
| 18.5 | 21.8 | 17.4 | 21.4 | 21.1 | 24.3 | 19.6 |
| 17.6 | 18.8 | 16.0 | 23.9 | 23.2 | 23.5 | 18.1 |
| 4.9 | 5.0 | 4.9 | 7.6 | 9.5 | 13.3 | 10.0 |
Operational Ratios Operational Ratios |
Solvency Ratios Solvency Ratios |
Liquidity Ratios Liquidity Ratios |
### **Overview**
Creative Newtech Ltd (formerly Creative Peripherals & Distribution Ltd) is a leading Indian distributor and market entry enabler in the Information and Communication Technology (ICT) and lifestyle technology space. Established in 1992, the company has evolved from a regional IT distributor into a diversified, technology-first organization with a pan-India presence and international footprint across South Asia, the Middle East, and Africa. Listed on the NSE Main Board since 2020, the company combines value-added distribution, brand licensing, contract manufacturing, and a digital B2B platform to deliver integrated solutions for global and domestic brands.
---
### **Strategic Evolution & Business Model**
The company has transitioned from a traditional distribution model to a **dual-engine growth strategy** combining:
1. **Value-led Distribution & Market Entry Services**
2. **Brand-led Ecosystem via Licensing and Ownership**
It now operates on a hybrid model—functioning as a **market entry specialist**, **licensed manufacturer**, and **platform enabler**, aiming to build a high-margin, scalable, and resilient ecosystem by 2027.
---
### **Core Business Pillars (as of Nov 2025)**
#### **1. Strategic Brand Ownership & Licensing**
- **Honeywell Licensee**: Exclusive rights to manufacture, distribute, and brand ‘Electronic Essentials’ (air purifiers, audio, cabling, laptop & smartphone accessories) across **38 countries** in South Asia, Southeast Asia, the Middle East, and Africa.
- The Honeywell business is a key revenue driver, contributing ~12% of FY24 revenue (~₹170 crores out of ₹1,713 crores).
- **International Expansion**: Successful traction in the Middle East (top-selling air purifier brand in UAE) and growing presence in Singapore, Indonesia, and Africa.
- **Sales Momentum**: Over 6 million units sold since 2016; on track for over 3 million units in 2025. Product certifications and regulatory compliance built over 4–5 years create high entry barriers for competitors.
#### **2. Exclusive Distribution & Partnerships**
- **Global & Domestic Brand Partnerships**: Represents over **50 global and domestic brands** across IT, consumer tech, enterprise, and lifestyle segments, including:
- **Samsung**, **Cooler Master**, **Fujifilm (Instax)**, **ViewSonic**, **Razer**, **Lexar**, **TPV (AOC)**, **CyberPowerPC**, **Cricut**, **Ruark Audio**, **PTron**, **Matrix**, **Sparsh**, and **Dahua**.
- **STQC-Certified Surveillance Brands**: Exclusive pan-India distribution partnerships with **Matrix** and **Sparsh**, two of India’s top four STQC-certified surveillance OEMs, enhancing credibility in government and public sector projects.
- **Pan-India Reach**: Serves **over 10,000 channel partners** through a network of **31+ domestic branches** and more than **370 employees**.
#### **3. Surveillance & Data Infrastructure Expansion**
- **Strategic Vertical Entry**: Positioned surveillance and data connectivity as a high-growth priority, aligned with India’s **Digital India**, **Smart Cities**, and **Make in India** initiatives.
- **End-to-End Infrastructure Solutions**: Combines partner technologies (Matrix, Sparsh) with **Honeywell’s Structured Cabling Systems (SCS)** to deliver integrated security and data solutions for enterprises, government, and hyperscalers.
- **Market Drivers**: Government tenders (e.g., ₹24,000+ crore railway surveillance project), AI-powered cameras, and rising demand for secure, Made-in-India solutions (surveillance CAGR: 17–18%).
- **Synergy with SCS Business**: Creates new system integration and B2B opportunities in secure infrastructure.
---
### **Product & Portfolio Strategy**
#### **Four Core Business Segments**
| Segment | Focus | Key Brands & Products |
|--------|-------|------------------------|
| **FMSG** (Fast-Moving Social Media Gadgets) | Youth, social media trends, experiential tech | Honeywell Air Purifiers, Car Purifiers, Insta360, Hyperice, Disney/Marvel audio, Rapoo |
| **FMCT** (Fast-Moving Consumer Technology) | Mass-market consumer electronics | Samsung, iBall, ViewSonic, Cooler Master, Panasonic |
| **EB** (Enterprise Business) | High-volume B2B products | AOC, Philips, Invue, Dahua, Honeywell SCS, CyberPowerPC |
| **FMEG** (Fast-Moving Electronic Goods) | Lifestyle & home appliances | BPL, Kelvinator, Disney, Marvel (via Reliance tie-up) |
#### **New Category Expansion (Nov 2025)**
- **Own Brand Development**: Planning to launch **Creative-owned brands** in **surveillance, smart tech, and air purification**, targeting improved margins and long-term equity.
- **Portfolio Diversification**: Actively entering **drone, data center, robotics, and AI-driven surveillance**—categorized as ‘government-agnostic growth areas’.
- **Gaming & High-Performance Computing**: Exclusive licensee of **CyberPowerPC** (U.S. #1 gaming PC brand), assembling in India and targeting gamers, institutions, and content creators. Aspirational revenue target: **$80–100M in 5 years**.
---
### **Digital Transformation & Platform Play: Ckart**
- **Ckart**: A proprietary, in-house developed **B2B e-commerce platform** that functions as a digital marketplace for supply chain partners.
- Enables **peer-to-peer inventory sharing**, **drop-shipping**, **branded micro-sites**, and **smart invoicing**.
- Supports over **5,000 customers** and facilitates transactions beyond Creative’s own product lines.
- Enhances **working capital efficiency**, **customer reach**, and **profitability** with minimal incremental cost.
- Evolved from a support tool to a **core revenue and scalability driver**.
- **Digital First Approach**:
- Strengthens omnichannel presence via **eCommerce (Flipkart, Amazon), Quick Commerce (Zepto, Blinkit, Swiggy Instamart)**, and **GEM (Government e-Marketplace)**.
- Supports **direct-to-consumer (D2C)** initiatives (e.g., CricutIndiaStore.com).
---
### **Manufacturing & Supply Chain**
- **Asset-Light Model**: Outsourced contract manufacturing across 24 audited Asian facilities, including **Honeywell–certified factories**.
- **Make in India Focus**: Increasing local assembly and OEM partnerships to comply with government sourcing norms and improve margins.
- **Logistics & Warehousing**:
- Strong pan-India logistics with bonded warehousing and API-integrated partners.
- International hubs in **Hong Kong, Dubai, and Mainland China** (over 2,000 CBM storage).
- Handles over **50,000 MT of cargo monthly**.
---
### **Differentiating Strengths**
- **Deep, Long-Term Partnerships**: Many brand relationships exceed **5–10 years** (e.g., Honeywell, GoPro).
- **End-to-End Services**: Market research, contract manufacturing, omnichannel distribution, marketing execution, warranty management, and high-level repairs.
- **Market Entry Expertise**: Helps global brands navigate India’s complexity with demographic intelligence, regional planning, and on-ground execution.
- **Strong After-Sales & Service Network**: High-quality logistics, rapid response centers, and extended service support.
---
### **Leadership & Vision**
- **Vision 2027**: Transition into a **full-stack brand and platform enabler**, with expanded licensing, own-brand portfolios, and digital marketplace scale.
- **Sustainability & National Alignment**: Aligned with **Make in India**, **Digital India**, and **self-reliance in tech infrastructure**.
- **Innovation Focus**: Investing in **AI-driven inventory systems**, **product design**, and **local R&D**.
---