Buy Cello World, target price Rs 1050: ICICI Securities

ICICI Securities has buy call on Cello World with a target price of Rs 1050. The current market price of Cello World Ltd. is Rs 762.7.

Cello World Ltd., incorporated in the year 2018, is a Small Cap company (having a market cap of Rs 16236.74 Crore) operating in Glass sector.

Cello World Ltd. key Products/Revenue Segments include Domestic Appliances, Export Incentives and Scrap for the year ending 31-Mar-2023.



Financials
For the quarter ended 31-12-2023, the company reported a Consolidated Total Income of Rs 531.54 Crore, up 6.38 % from last quarter Total Income of Rs 499.65 Crore and unchanged .00 % from last year same quarter Total Income of Rs Crore. Company reported net profit after tax of Rs 90.68 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 78.06 per cent stake in the company as of 31-Dec-2023, while FIIs owned 3.02 per cent, DIIs 12.75 per cent.