NDTV Profit's special research section collates quality and in-depth equity and economy research reports from across India's top brokerages, asset managers and research agencies. These reports offer NDTV Profit's subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Motilal Oswal Report
Stocks to Buy: We reiterate our Buy rating on Cello World Ltd. with a target price of Rs 1,000 (premised on 40 times Sep'26E EPS).
Operating in diverse industries, Cello World benefits from an expanding total addressable market across markets. Within the writing instrument segment (TAM of ~Rs 134 billion as of FY23; expected to clock ~16% CAGR over FY23-27E), the company will benefit from industry tailwinds such as favorable demographics, increased discretionary spending, growing literacy rates, rising skill enhancement courses, etc.
We estimate Cello's writing instrument segment to grow faster than the industry.
Overall, the company is expected to post a robust CAGR of 19%/22%/22% in revenue/Ebitda/adjusted PAT over FY24-27, led by healthy growth across segments on account of the expansion of stock keeping units as well as distribution reach, coupled with strong growth in the glassware segment after the ramp-up of the new plant in Rajasthan.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
Comprehensive Budget 2026 coverage, LIVE TV analysis, Stock Market and Industry reactions, Income Tax changes and Latest News on NDTV Profit.
