Cello World - Among The Best In Industry: Motilal Oswal

"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.Cello World Ltd. has been one of the leading players across its product categories, boasting a strong brand reputation and distribution reach. With its strong manufacturing background and brand equity, Cello has been able to quickly scale up new businesses and compete with market leaders. The consumer glassware segment will be a key growth segment for the company and we believe Cello will be able to surpass the market leader in the segment on back of operationalisation of its new glassware capacity.  We estimate Cello to deliver a compound annual growth rate of 18%/23%/25% in revenue/Ebitda/adjuted profit after tax over FY23-26. Cello is currently trading at 34 times FY26E earnings per share with return on equity/return on capital employed of 32%/39% in FY26E. We reiterate our Buy rating with a target price of Rs 1,100 (premised on 45 times FY26E earnings per share)..Click on the attachment to read the full report:.Polycab, KEI Industries, RR Kabel Gets A Buy As Motilal Oswal Initiates Coverage.DISCLAIMERThis 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."

Cello World - Among The Best In Industry: Motilal Oswal

Reiterates Buy rating with a target price of Rs 1,100 (premised on 45 times FY26E earnings per share).

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Cello World - Among The Best In Industry: Motilal Oswal

Reiterates Buy rating with a target price of Rs 1,100 (premised on 45 times FY26E earnings per share).

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