CELLO
Cello World Limited
If management delivers what it guided
arithmetic on filed guidance and past valuations · not a price target
CELLO
FY26 → FY27 · 1 year of guidance · ~0.7 years from today₹343 today
BEAR
₹566
+65%
5.8% a year · 35.6x exit
BASE
₹620
+81%
10% a year · 37.6x exit
BULL
₹763
+122%
13.6% a year · 44.7x exit
Where the market has priced it
28x23x today — outside the range67x
- this company has too little filed history for a multiple band of its own, so the exit multiple is the median of 5 Home Furnishings peers
- at 23x its FY26 earnings the stock trades below the bottom of its own ten-year range (36x)
How these numbers are produced
| Earnings base | FY26 fiscal year EPS ₹15 (screener) |
|---|---|
| Guided growth | 10% a year, said on the call of 04-Jun-2026 · transcript |
| Read across as | operating: revenue growth, margin held flat — medium confidence |
| Delivery calibration | 0.58x / 1x / 1.36x of what was guided — measured: 76 annual guided-vs-filed pairs + 77 near-complete quarterly years — NSE transcripts against the companies' own filings |
| Exit multiple | 35.64x / 37.58x / 44.74x, this company’s own p20 / median / p80 across 5 filed years |
| Filed-industry peers | median 37.58x across 5 peers — the cross-check, not the input |
| Arithmetic | base EPS × (1 + guided growth × delivery)1 × exit multiple |
Arithmetic on management’s own guidance and this company’s own past valuations. Not a price target, not a recommendation, and not a forecast of what the stock will do.
What management said
from a third-party research digest · not our own extraction
implied earnings growth 10%
Revenue growth guidance of 10% to 12% for FY27, with EBITDA margins targeting 2.5% to 3% improvement over current levels. Steelware peak revenue of INR300 crores expected by July 2026 with full production ramp-up.
Call 04-Jun-2026 · bridge confidence medium · transcript PDF