Cellecor Gadgets Receives Credit Rating from Infomerics Valuation & Rating Ltd
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The rated facilities include a mix of Cash Credit and Working Capital Demand Loan (WCDL) from Kotak Mahindra Bank, Axis Bank, and CSB Bank, along with proposed credit lines.
Infomerics Valuation and Rating Ltd has assigned credit ratings to the Bank facilities of Cellecor Gadgets Limited, totalling Rs 200 crore. The rating agency has assigned a rating of IVR A-/Stable (IVR A Minus with Stable outlook) for the Long-Term Facilities amounting to Rs 115.00 crore. Additionally, for the Long-Term/Short-Term Facilities amounting to Rs 85.00 crore, the agency has assigned ratings of IVR A-/Stable and IVR A2+ (IVR A Two Plus). These ratings follow the mandate contract dated January 05, 2026, and the subsequent acceptance of the rating on February 23, 2026.
The rated facilities include a mix of Cash Credit and Working Capital Demand Loan (WCDL) from Kotak Mahindra Bank, Axis Bank, and CSB Bank, along with proposed credit lines. According to the rating letter dated February 19, 2026, these ratings are typically valid for one year and will be subject to a formal surveillance or review within the next 12 months. The "Stable" outlook reflects the credit agency's current expectations regarding the company's financial profile. A detailed press release regarding these assignments is expected to be issued by the rating agency shortly.
About the Company
Cellecor Gadgets Limited has evolved into a leading consumer electronics brand by strategically outsourcing the manufacturing of Smart TVs, wearables, mobile phones and home appliances. By combining a modern sourcing and marketing approach with a commitment to "making happiness affordable," the company delivers innovative, high-quality technology across a diverse product portfolio. Today, Cellecor stands as a prominent industry name, leveraging sustainable growth to meet the rising global demand for accessible electronic solutions.
Results: According to half-yearly results, the net sales increased by 50.7 per cent to Rs 641.5 crore, EBITDA increased by 34.8 per cent to Rs 34.10 crore and net profit increased by 35.20 per cent to Rs 19.60 crore in H1FY26 compared to H1FY25. In its annual results, the net sales increased by 105 per cent to Rs 1,025.95 crore, Profit before Tax (PBT) increased by 91 per cent to Rs 41.43 crore and net profit increased by 92 per cent to Rs 30.90 crore in FY25 compared to FY24.
In September 2025, FIIs bought 1,22,67,000 shares of Cellecor Gadgets Ltd and increased their stake to 8.78 per cent compared to a 3.27 per cent stake in March 2025. The company's shares have an ROE of 25 per cent and an ROCE of 24 per cent. The stock is up by 10 per cent from its 52-week low of Rs 25.75 per share and has given multibagger returns of over 180 per cent since its listing on NSE in September 2023.
Disclaimer: The article is for informational purposes only and not investment advice.