CELLECOR
Cellecor Gadgets financials
- Market cap
- ₹680 Cr
- Sector
- Consumer Durables
What Cellecor Gadgets does
Cellecor Gadgets designs and markets a proprietary-brand portfolio of consumer electronics and appliances - smart TVs, washing machines, refrigerators, geysers, ACs, wearables, smartphones, laptops and mobile accessories - which it gets manufactured through partnerships with OEMs such as PG Electroplast, Dixon Technologies and EPack Durable rather than owning factories itself. It reaches customers through a multi-channel model combining offline distributors/retailers, exclusive brand stores, e-commerce/D2C platforms, and B2B/institutional and government (GeM) sales. It also selectively trades other brands' products alongside its own to widen its regional and category reach.
Segments
- Consumer Electronics
- Home & Kitchen Appliances
- Smart Gadgets
- Mobiles & Smartphones
- IT & Mobile Accessories
- Retail/distribution reach
- 28 states and 2 union territories
- Retailer network
- 65,000+
- Distributor network
- 1,800+
- Service centers
- 2,000+
- Product SKUs
- 600+
- Service coverage (pin codes)
- 20,000+
Quarterly results
Q4 FY26: revenue up 123.4%, net profit up 122.2% against the same quarter last year.
| Line item | Q2 FY23 | Q4 FY23 | Q2 FY24 | Q4 FY24 | Q2 FY25 | Q4 FY25 | Q2 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 114 | 151 | 210 | 291 | 426 +274% | 600 +297% | 641 +205% | 650 +123% |
| EBITDA | 5 | 8 | 13 | 17 | 25 +400% | 29 +263% | 34 +162% | 37 +118% |
| Net profit | 3 | 5 | 7 | 9 | 15 +400% | 16 +220% | 20 +186% | 20 +122% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance −10.3% 1Y
1Y: ₹34.1 on 10 Sept 2025 → ₹30.6. High ₹43.25 (8 May 2026), low ₹22.85 (30 Mar 2026).
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹21 Cr | ₹22 Cr | ₹22 Cr |
| Reserves | ₹0 Cr | ₹2 Cr | ₹14 Cr | ₹69 Cr | ₹163 Cr | ₹183 Cr |
| Borrowings | ₹0 Cr | ₹1 Cr | ₹21 Cr | ₹75 Cr | ₹148 Cr | ₹142 Cr |
| Other liabilities | ₹0 Cr | ₹20 Cr | ₹35 Cr | ₹21 Cr | ₹72 Cr | ₹121 Cr |
| Total liabilities | ₹0 Cr | ₹24 Cr | ₹70 Cr | ₹186 Cr | ₹404 Cr | ₹468 Cr |
| Fixed assets | ₹0 Cr | ₹0 Cr | ₹1 Cr | ₹1 Cr | ₹18 Cr | ₹18 Cr |
| Capital work in progress | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Investments | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Other assets | ₹0 Cr | ₹24 Cr | ₹69 Cr | ₹185 Cr | ₹386 Cr | ₹450 Cr |
| Total assets | ₹0 Cr | ₹24 Cr | ₹70 Cr | ₹186 Cr | ₹404 Cr | ₹468 Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Sep 2026
Since Sep 2025, FIIs added +7.41 pp while the public trimmed −3.29 pp. The shareholder count shrank 25% to 3,932.
- Promoters
- 43.1%
- FIIs
- 16.2%
- Government
- 12.1%
- Public
- 28.6%
Since Sep 2025
- FIIs +7.41 pp
- Public −3.29 pp
- Promoters −3.22 pp
How it drifted, 8 quarters
Over this window the government went from 0.0% to 12.1% — +12.1 pp.
Ownership split by quarter, oldest first. Sep '23: Promoters 51.5%, FIIs 4.4%, DIIs 6.0%, Public 38.0%.Mar '24: Promoters 51.5%, FIIs 0.8%, DIIs 3.9%, Public 43.8%.Sep '24: Promoters 51.5%, FIIs 0.0%, DIIs 2.1%, Public 46.3%.Oct '24: Promoters 49.6%, FIIs 2.9%, DIIs 1.5%, Public 45.9%.Mar '25: Promoters 49.6%, FIIs 3.3%, DIIs 0.3%, Public 46.8%.Sep '25: Promoters 46.3%, FIIs 8.8%, Government 13.1%, Public 31.9%.Mar '26: Promoters 46.3%, FIIs 8.7%, Government 13.1%, Public 31.9%.Sep '26: Promoters 43.1%, FIIs 16.2%, Government 12.1%, Public 28.6%.
Who bought this quarter
since Mar 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- Foreign Direct Investment Unclassified newly disclosed 6.27% held
- Wave Capital Ltd FPI fund newly disclosed 6.27% held
- Saumik Ketankumar Doshi +0.07 pp 1.16% held
The same filing shows 2 holders trimming and 6 off the list — both are in the register beside this.
Who is on the register
Named in the Sep 2026 filing
Every holder of Cellecor Gadgets above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Foreign Direct Investment Unclassified | 6.27% | newly disclosed |
| Wave Capital Ltd FPI fund | 6.27% | newly disclosed |
| Century India Opportunity Fund Pc FPI fund | 5.33% | −0.41 pp |
| Saumik Ketankumar Doshi | 1.16% | +0.07 pp |
| Eminence Global Fund Pcc- Eubilia Capital Partners Fund I FPI fund | 1.10% | −0.19 pp |
| North Star Opportunities Fund Vcc-Bull Value Incorporated Vc FPI fund | 1.04% | unchanged |
| Ravi Babulal Agarwal | — | off the list |
| Enforcement Directorate Raipur | — | off the list |
| Nikhil Aggarwal | — | off the list |
| Santosh Singhal | — | off the list |
| Swati Goyal | — | off the list |
| Gunjan Aggarwal | — | off the list |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
What the price assumes
- Growth the price implies
- -1.8% a year
- for 7 years, fading to 4%
- It has actually compounded at
- Not enough history
- The gap
- —
- between what it did and what it must do
Learn to analyse Cellecor Gadgets
Guides on how to read this kind of business and the numbers that matter.