Cello World Ltd, established in 1982 as Cello Plastic Industrial Works, has grown to become a prominent name in the Indian consumer products industry. Headquartered in Daman, India, the company is renowned for its extensive portfolio, which includes houseware, writing instruments, stationery, molded furniture, and a variety of tableware such as glassware, opalware, melamine, and porcelain. With a commitment to quality and innovation, Cello World has built a reputation for delivering durable and aesthetically pleasing products that cater to diverse consumer needs. Operating 13 state-of-the-art manufacturing facilities spread across five locations in India, the company ensures efficient production and supply chain management. Over the years, Cello World has consistently expanded its product range, launching notable initiatives such as the Kleeno brand for cleaning products in 2019, further diversifying its offerings. By maintaining a strong presence in both urban and rural markets, Cello World continues to be a trusted choice for millions of households, reflecting its dedication to excellence and consumer satisfaction.
Latest News on Cello World
Cello World Ltd is making significant strides in expanding its manufacturing capabilities with the establishment of a new state-of-the-art glassware manufacturing facility in Rajasthan. This facility will feature advanced European-made machinery, designed to enhance productivity and ensure exceptional precision in product design and finish. The move underscores Cello World’s commitment to innovation and quality, enabling the company to meet growing consumer demand while maintaining its reputation for delivering high-standard products. This initiative is poised to strengthen Cello World’s position in the glassware segment and reinforce its standing as a leader in the Indian consumer products industry.
| Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | |
| Promoters + | 78.06% | 78.06% | 78.06% | 75.00% |
| FIIs + | 3.02% | 4.43% | 5.88% | 7.70% |
| DIIs + | 12.75% | 12.44% | 12.08% | 13.57% |
| Public + | 6.17% | 5.07% | 3.98% | 3.73% |
| No. of Shareholders | 1,51,407 | 1,32,505 | 1,17,810 | 1,18,258 |
Cello World Ltd has seen notable shifts in its shareholding patterns over the four quarters spanning December 2023 to September 2024. The promoters’ stake remained stable at 78.06% for three quarters before declining to 75.00% in September 2024, reflecting a marginal divestment. Conversely, foreign institutional investors (FIIs) significantly increased their holdings, rising from 3.02% in December 2023 to 7.70% by September 2024, showcasing growing global investor interest in the company. Domestic institutional investors (DIIs) also expanded their stake from 12.75% to 13.57% during this period, indicating continued confidence in Cello World’s growth prospects. Meanwhile, public shareholding steadily declined, dropping from 6.17% in December 2023 to 3.73% in September 2024, likely due to increasing institutional participation. The number of shareholders also decreased initially, from 1,51,407 in December 2023 to 1,17,810 in June 2024, before stabilizing at 1,18,258 in September 2024, reflecting a consolidation of ownership. This evolving shareholding structure highlights growing institutional confidence in Cello World Ltd’s performance and potential.
Below are the trading platforms that you can use to purchase Cello World shares:
➤ Zerodha
➤ Upstox
➤ Groww
➤ AngelOne
➤ ICICIDirect
| When | Maximum Price | Minimum Price |
| November 2024 | 835.05 | 726.13 |
| December 2024 | 843.40 | 733.40 |
As we approach the later months of 2024, Cello World is projected to witness dynamic price movements. In November 2024, the maximum price of Cello World is expected to rise to ₹835.05, while the minimum price is anticipated to be ₹726.13. As we step into December 2024, the maximum price is likely to reach ₹843.40, with the minimum price projected at ₹733.40.
| When | Maximum Price | Minimum Price |
| January 2025 | 851.84 | 655.26 |
| February 2025 | 860.44 | 661.88 |
| March 2025 | 878.51 | 675.78 |
| April 2025 | 869.81 | 669.09 |
| May 2025 | 844.48 | 649.60 |
| June 2025 | 882.48 | 678.83 |
| July 2025 | 865.18 | 665.52 |
| August 2025 | 891.94 | 686.10 |
| September 2025 | 902.64 | 694.34 |
| October 2025 | 926.11 | 712.39 |
| November 2025 | 949.26 | 730.20 |
| December 2025 | 991.98 | 763.06 |
In 2025, Cello World is expected to demonstrate a steady upward trajectory in its price performance. The year may begin with January seeing prices between ₹851.84 and ₹655.26, reflecting market confidence. By mid-year, prices could stabilize, with June anticipated to range from ₹882.48 to ₹678.83, indicating resilience amidst fluctuations. As the months progress, optimism grows, with August likely reaching ₹891.94 to ₹686.10, and September possibly hitting ₹902.64 to ₹694.34. Toward the year-end, momentum builds further, with November projected between ₹949.26 and ₹730.20, culminating in December’s strong finish at ₹991.98 to ₹763.06.
| When | Maximum Price | Minimum Price |
| January 2026 | 1,021.74 | 785.95 |
| February 2026 | 996.19 | 766.30 |
| March 2026 | 1,016.12 | 781.63 |
| April 2026 | 1,036.85 | 797.58 |
| May 2026 | 1,026.59 | 789.68 |
| June 2026 | 1,052.25 | 809.43 |
| July 2026 | 1,031.62 | 793.55 |
| August 2026 | 1,063.53 | 818.10 |
| September 2026 | 1,084.80 | 834.46 |
| October 2026 | 1,113.00 | 856.15 |
| November 2026 | 1,140.83 | 877.56 |
| December 2026 | 1,169.35 | 899.50 |
| When | Maximum Price | Minimum Price |
| January 2027 | 1,181.04 | 908.49 |
| February 2027 | 1,211.32 | 931.79 |
| March 2027 | 1,258.57 | 968.13 |
| April 2027 | 1,233.89 | 949.14 |
| May 2027 | 1,197.95 | 921.50 |
| June 2027 | 1,251.86 | 962.97 |
| July 2027 | 1,227.31 | 944.09 |
| August 2027 | 1,265.27 | 973.28 |
| September 2027 | 1,309.55 | 1,007.35 |
| October 2027 | 1,343.60 | 1,033.54 |
| November 2027 | 1,377.19 | 1,059.38 |
| December 2027 | 1,411.62 | 1,085.86 |
| When | Maximum Price | Minimum Price |
| January 2028 | 1,439.85 | 1,107.58 |
| February 2028 | 1,476.77 | 1,135.98 |
| March 2028 | 1,534.37 | 1,180.28 |
| April 2028 | 1,504.28 | 1,157.14 |
| May 2028 | 1,460.47 | 1,123.44 |
| June 2028 | 1,526.19 | 1,173.99 |
| July 2028 | 1,496.26 | 1,150.97 |
| August 2028 | 1,542.54 | 1,186.57 |
| September 2028 | 1,596.53 | 1,228.10 |
| October 2028 | 1,638.04 | 1,260.03 |
| November 2028 | 1,678.99 | 1,291.53 |
| December 2028 | 1,720.96 | 1,323.82 |
| When | Maximum Price | Minimum Price |
| January 2029 | 1,755.38 | 1,350.29 |
| February 2029 | 1,800.39 | 1,384.92 |
| March 2029 | 1,870.61 | 1,438.93 |
| April 2029 | 1,833.93 | 1,410.72 |
| May 2029 | 1,780.51 | 1,369.63 |
| June 2029 | 1,860.64 | 1,431.26 |
| July 2029 | 1,824.15 | 1,403.20 |
| August 2029 | 1,880.57 | 1,446.59 |
| September 2029 | 1,946.39 | 1,497.22 |
| October 2029 | 1,997.00 | 1,536.15 |
| November 2029 | 2,046.92 | 1,574.56 |
| December 2029 | 2,098.10 | 1,613.92 |
| When | Maximum Price | Minimum Price |
| January 2030 | 2,140.06 | 1,646.20 |
| February 2030 | 2,194.93 | 1,688.41 |
| March 2030 | 2,280.53 | 1,754.26 |
| April 2030 | 2,235.82 | 1,719.86 |
| May 2030 | 2,170.70 | 1,669.77 |
| June 2030 | 2,268.38 | 1,744.91 |
| July 2030 | 2,223.90 | 1,710.69 |
| August 2030 | 2,292.68 | 1,763.60 |
| September 2030 | 2,372.92 | 1,825.33 |
| October 2030 | 2,434.62 | 1,872.78 |
| November 2030 | 2,495.48 | 1,919.60 |
| December 2030 | 2,557.87 | 1,967.59 |
In 2030, Cello World is anticipated to showcase consistent growth in its price trends. As we move into January, the prices are projected to range between ₹2,140.06 and ₹1,646.20, reflecting a robust market presence. February may see further gains, with prices expected to be between ₹2,194.93 and ₹1,688.41. By March, optimism could drive prices higher, potentially reaching ₹2,280.53 to ₹1,754.26. Mid-year performance, such as in June, is likely to stabilize within ₹2,268.38 to ₹1,744.91, indicating sustained investor confidence. Toward the later months, momentum is expected to strengthen, with September reaching ₹2,372.92 to ₹1,825.33. As we approach November and December, Cello World might achieve significant highs, with November anticipated at ₹2,495.48 to ₹1,919.60 and December potentially closing at a peak of ₹2,557.87 to ₹1,967.59, marking a year of remarkable growth.
Financial Condition of Cello World
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
| Sales + | 1,049 | 1,359 | 1,797 | 2,000 | 2,030 |
| Expenses + | 773 | 1,026 | 1,376 | 1,491 | 1,518 |
| Operating Profit | 277 | 334 | 421 | 509 | 513 |
| OPM % | 26% | 25% | 23% | 25% | 25% |
| Other Income + | 10 | 16 | 17 | 25 | 30 |
| Interest | 2 | 3 | 2 | 3 | 2 |
| Depreciation | 49 | 48 | 50 | 57 | 61 |
| Profit before tax | 236 | 299 | 385 | 475 | 480 |
| Tax % | 30% | 27% | 26% | 25% | |
| Net Profit + | 166 | 220 | 285 | 356 | 363 |
| EPS in Rs | 151,200.00 | 204,000.00 | 13.65 | 15.6 | 15.77 |
| Dividend Payout % | 0% | 0% | 0% | 10% |
Cello World Ltd has demonstrated a strong and consistent financial performance over the years, marked by steady growth in sales and profitability. The company’s sales have risen from ₹1,049 crore in March 2021 to ₹2,000 crore in March 2024, with trailing twelve months (TTM) sales reaching ₹2,030 crore, reflecting its robust market position and product demand. Expenses have also increased proportionally, climbing from ₹773 crore in March 2021 to ₹1,518 crore in TTM, though operating profit has remained healthy. Operating profit margins (OPM) have hovered between 23% and 26%, showcasing operational efficiency.
Net profit has seen significant growth, increasing from ₹166 crore in March 2021 to ₹356 crore in March 2024, with TTM profits reaching ₹363 crore. The company’s profit before tax (PBT) rose from ₹236 crore in March 2021 to ₹480 crore in TTM, supported by controlled interest expenses and a steady decline in tax rates from 30% in 2021 to 25% in 2024. Additionally, other income showed a positive trend, contributing ₹30 crore in TTM compared to ₹10 crore in March 2021.
Cello World’s earnings per share (EPS) have exhibited a remarkable increase, reaching ₹15.77 in TTM from ₹151,200 in March 2021 after adjustments. For the first time, the company-initiated dividend payouts, with a 10% dividend payout recorded in 2024, signaling a commitment to returning value to shareholders while maintaining strong profitability. This robust financial trajectory highlights Cello World Ltd’s growth and resilience in the competitive consumer products market.
FAQs
What is Cello World current market capitalization?
Cello World current market capitalization is ₹17,384 Crores.
Cello World current share price target is ₹796 as of November 18, 2024.
The projected share price target for Cello World in 2025 ranges from ₹649.60 to ₹991.98.
Cello World forecasted share price target for 2030 ranges from ₹1,646.20 to ₹2,557.87.
What is Cello World current price-to-earnings (P/E) ratio?
Cello World current stock P/E ratio is 51.4.
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In conclusion, Cello World Ltd has demonstrated a remarkable evolution from a household name in plastic products to a diversified leader in consumer goods with a robust portfolio. Its financial trajectory reflects consistent growth, with steady improvements in sales, operating profits, and net income, driven by operational efficiency and strategic expansion. The company’s proactive initiatives, including advanced manufacturing capabilities and product diversification, have bolstered its market position. Increasing institutional confidence is evident in the rising stakes held by FIIs and DIIs, further underscoring its appeal to investors. Share price projections from 2024 to 2030 indicate a positive growth trajectory, driven by innovation, quality, and consumer trust. As Cello World continues to expand its footprint, it stands out as a promising investment opportunity and a trusted brand for consumers.
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