Cellecor Gadgets (NSE:CELLECOR) Piotroski F-Score: 3 (As of Jul. 17, 2026) — 25% Below Median

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NSE:CELLECOR Cellecor Gadgets Ltd NSE:CELLECOR
36 GF Score
Price ₹37.05
GF Value ₹75.96
Valuation Possible Value Trap
! 4 Warning Signs
View Full Analysis

What is Cellecor Gadgets Piotroski F-Score?

Cellecor Gadgets NSE:CELLECOR -1.07% 36 Piotroski F-Score is 3 as of Jul. 17, 2026, which is 25% below its 10-year median of 4.00. GuruFocus rates NSE:CELLECOR with a GF Score™ of 36/100 and a GF Value™ of ₹75.96 (Possible Value Trap). The stock has 4 warning signs investors should review. Among 2,431 Hardware companies, Cellecor Gadgets ranks worse than 81.61% on this metric.

Warning Sign:

Piotroski F-Score of 3 is low, which usually implies poor business operation.

The zones of discrimination were as such:

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

Cellecor Gadgets has an F-score of 3. It is a bad or low score, which usually implies poor business operation.

The historical rank and industry rank for Cellecor Gadgets's Piotroski F-Score or its related term are showing as below:

NSE:CELLECOR' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 4   Max: 4
Current: 3

During the past 6 years, the highest Piotroski F-Score of Cellecor Gadgets was 4. The lowest was 2. And the median was 4.

Cellecor Gadgets  (NSE:CELLECOR) Piotroski F-Score Explanation

The developer of the system is Joseph D. Piotroski is relatively unknown accounting professor who shuns publicity and rarely gives interviews.

He graduated from the University of Illinois with a B.S. in accounting in 1989, received an M.B.A. from Indiana University in 1994. Five years later, in 1999, after earning a Ph.D. in accounting from the University of Michigan, he became an associate professor of accounting at the University of Chicago.

In 2000, he wrote a research paper called "Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers" (pdf).

He wanted to see if he can develop a system (using a simple nine-point scoring system) that can increase the returns of a strategy of investing in low price to book (referred to in the paper as high book to market) value companies.

What he found was something that exceeded his most optimistic expectations.

Buying only those companies that scored highest (8 or 9) on his nine-point scale, or F-Score as he called it, over the 20 year period from 1976 to 1996 led to an average out-performance over the market of 13.4%.

Even more impressive were the results of a strategy of investing in the highest F-Score companies (8 or 9) and shorting companies with the lowest F-Score (0 or 1).

Over the same period from 1976 to 1996 (20 years) this strategy led to an average yearly return of 23%, substantially outperforming the average S&P 500 index return of 15.83% over the same period.


Cellecor Gadgets Piotroski F-Score Related Terms


Cellecor Gadgets Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Cellecor Gadgets's Piotroski F-Score can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Cellecor Gadgets Piotroski F-Score Chart

Cellecor Gadgets Annual Data
Trend Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Piotroski F-Score
Get a 7-Day Free Trial N/A 4.00 4.00 2.00 3.00

Cellecor Gadgets Semi-Annual Data
Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Piotroski F-Score Get a 7-Day Free Trial N/A 4.00 4.00 2.00 3.00

NSE:CELLECOR vs AAPL: Piotroski F-Score Comparison

For the Consumer Electronics subindustry, Cellecor Gadgets's Piotroski F-Score, along with its competitors' market caps and Piotroski F-Score data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Cellecor Gadgets Piotroski F-Score vs Hardware Industry

For the Hardware industry and Technology sector, Cellecor Gadgets's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Cellecor Gadgets's Piotroski F-Score falls into.


NSE:CELLECOR
36GF Score
Cellecor Gadgets Ltd NSE:CELLECOR
Piotroski F-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

How is the Piotroski F-Score calculated?

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

This Year (Mar26) TTM:Last Year (Mar25) TTM:
Net Income was ₹396 Mil.
Cash Flow from Operations was ₹11 Mil.
Revenue was ₹12,918 Mil.
Gross Profit was ₹1,718 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was (3354.936 + 4678.027) / 2 = ₹4016.4815 Mil.
Total Assets at the begining of this year (Mar25) was ₹3,355 Mil.
Long-Term Debt & Capital Lease Obligation was ₹421 Mil.
Total Current Assets was ₹4,422 Mil.
Total Current Liabilities was ₹2,201 Mil.
Net Income was ₹309 Mil.

Revenue was ₹10,259 Mil.
Gross Profit was ₹1,411 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was (1858.497 + 3354.936) / 2 = ₹2606.7165 Mil.
Total Assets at the begining of last year (Mar24) was ₹1,858 Mil.
Long-Term Debt & Capital Lease Obligation was ₹2 Mil.
Total Current Assets was ₹3,157 Mil.
Total Current Liabilities was ₹1,792 Mil.

*Note: If the latest quarterly/semi-annual/annual total assets data is 0, then we will use previous quarterly/semi-annual/annual data for all the items in the balance sheet.

Profitability

Question 1. Return on Assets (ROA)

Net income before extraordinary items for the year divided by Total Assets at the beginning of the year.

Score 1 if positive, 0 if negative.

Cellecor Gadgets's current Net Income (TTM) was 396. ==> Positive ==> Score 1.

Question 2. Cash Flow Return on Assets (CFROA)

Net cash flow from operating activities (operating cash flow) divided by Total Assets at the beginning of the year.

Score 1 if positive, 0 if negative.

Cellecor Gadgets's current Cash Flow from Operations (TTM) was 11. ==> Positive ==> Score 1.

Question 3. Change in Return on Assets

Compare this year's return on assets (1) to last year's return on assets.

Score 1 if it's higher, 0 if it's lower.

ROA (This Year)=Net Income/Total Assets (Mar25)
=396.105/3354.936
=0.11806634

ROA (Last Year)=Net Income/Total Assets (Mar24)
=309.003/1858.497
=0.166265

Cellecor Gadgets's return on assets of this year was 0.11806634. Cellecor Gadgets's return on assets of last year was 0.166265. ==> Last year is higher ==> Score 0.

Question 4. Quality of Earnings (Accrual)

Compare Cash flow return on assets (2) to return on assets (1)

Score 1 if CFROA > ROA, 0 if CFROA <= ROA.

Cellecor Gadgets's current Net Income (TTM) was 396. Cellecor Gadgets's current Cash Flow from Operations (TTM) was 11. ==> 11 <= 396 ==> CFROA <= ROA ==> Score 0.

Funding

Question 5. Change in Gearing or Leverage

Compare this year's gearing (long-term debt divided by average total assets) to last year's gearing.

Score 0 if this year's gearing is higher, 1 otherwise.

Gearing (This Year: Mar26)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar25 to Mar26
=421.015/4016.4815
=0.10482184

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=1.87/2606.7165
=0.00071738

Cellecor Gadgets's gearing of this year was 0.10482184. Cellecor Gadgets's gearing of last year was 0.00071738. ==> Last year is lower than this year ==> Score 0.

Question 6. Change in Working Capital (Liquidity)

Compare this year's current ratio (current assets divided by current liabilities) to last year's current ratio.

Score 1 if this year's current ratio is higher, 0 if it's lower

Current Ratio (This Year: Mar26)=Total Current Assets/Total Current Liabilities
=4421.634/2200.899
=2.00901268

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=3156.874/1791.897
=1.7617497

Cellecor Gadgets's current ratio of this year was 2.00901268. Cellecor Gadgets's current ratio of last year was 1.7617497. ==> This year's current ratio is higher. ==> Score 1.

Question 7. Change in Shares in Issue

Compare the number of shares in issue this year, to the number in issue last year.

Score 0 if there is larger number of shares in issue this year, 1 otherwise.

Cellecor Gadgets's number of shares in issue this year was 220.058. Cellecor Gadgets's number of shares in issue last year was 214.585. ==> There is larger number of shares in issue this year. ==> Score 0.

Efficiency

Question 8. Change in Gross Margin

Compare this year's gross margin (Gross Profit divided by sales) to last year's.

Score 1 if this year's gross margin is higher, 0 if it's lower.

Gross Margin (This Year: TTM)=Gross Profit/Revenue
=1717.971/12918.112
=0.13298933

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=1410.826/10259.458
=0.13751467

Cellecor Gadgets's gross margin of this year was 0.13298933. Cellecor Gadgets's gross margin of last year was 0.13751467. ==> Last year's gross margin is higher ==> Score 0.

Question 9. Change in asset turnover

Compare this year's asset turnover (total sales for the year divided by total assets at the beginning of the year) to last year's asset turnover ratio.

Score 1 if this year's asset turnover ratio is higher, 0 if it's lower

Asset Turnover (This Year)=Revenue/Total Assets at the Beginning of This Year (Mar25)
=12918.112/3354.936
=3.85047941

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=10259.458/1858.497
=5.52029839

Cellecor Gadgets's asset turnover of this year was 3.85047941. Cellecor Gadgets's asset turnover of last year was 5.52029839. ==> Last year's asset turnover is higher ==> Score 0.

Evaluation

Piotroski F-Score= Que. 1+ Que. 2+ Que. 3+Que. 4+Que. 5+Que. 6+Que. 7+Que. 8+Que. 9
=1+1+0+0+0+1+0+0+0
=3

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

Cellecor Gadgets has an F-score of 3. It is a bad or low score, which usually implies poor business operation.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 3 mean?
Cellecor Gadgets (NSE:CELLECOR) has a Piotroski F-Score of 3 as of Jul. 17, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Cellecor Gadgets and its competitors. This is 25% below median its historical median of 4.00. Over the past decade, Cellecor Gadgets' Piotroski F-Score has ranged from 2.00 to 4.00. According to the industry distribution chart, Cellecor Gadgets ranks #1984 out of 2431 companies in the Hardware industry, placing it in the top 81.6%.
Is Cellecor Gadgets' Piotroski F-Score too high?
Cellecor Gadgets' current Piotroski F-Score of 3 is 25% below median its 10-year median of 4.00. Over the past 10 years, this metric has ranged from a low of 2.00 to a high of 4.00. The Hardware industry median Piotroski F-Score is 5.00. Cellecor Gadgets' value of 3 is 40% below this industry median. Based on the distribution chart, Cellecor Gadgets ranks #1984 out of 2431 companies in the Hardware industry, which is in the bottom quartile relative to peers. Overall, Cellecor Gadgets has a GF Score™ of 36/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Cellecor Gadgets' Piotroski F-Score compare to AAPL?
According to the Hardware industry distribution chart, Cellecor Gadgets ranks #1984 out of 2431 companies for Piotroski F-Score. This places Cellecor Gadgets in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Cellecor Gadgets' value of 3 is 40% below this benchmark. Historically, Cellecor Gadgets' own Piotroski F-Score has ranged from 2.00 to 4.00 over the past decade. While the company's 10-year median is 4.00 vs. the industry median of 5.00, Cellecor Gadgets has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Piotroski F-Score for a Hardware company?
The median Piotroski F-Score among Hardware companies is 5.00, based on 2,431 companies in the industry. Companies in the top quartile (top 25%) have a Piotroski F-Score significantly above this median, while those in the bottom quartile fall well below. However, Piotroski F-Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Cellecor Gadgets's current Piotroski F-Score of 3 is 40% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Piotroski F-Score mean?
A high Piotroski F-Score can signal that a stock is expensive relative to its fundamentals. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Cellecor Gadgets and its competitors. For the Hardware industry, the median Piotroski F-Score is 5.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Cellecor Gadgets's current Piotroski F-Score is 3, which is 25% below median its own 10-year median of 4.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cellecor Gadgets stock overvalued right now?
Based on GuruFocus' analysis, Cellecor Gadgets (NSE:CELLECOR) is currently considered Possible Value Trap. The stock's GF Value™ is ₹75.96, compared to a current price of ₹37.05 — trading 51.2% below its estimated fair value. The current Piotroski F-Score is 3, which is 25% below median its 10-year median of 4.00 and 40% below the Hardware industry median of 5.00. Cellecor Gadgets' overall GF Score™ is 36/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Piotroski F-Score calculated?
Piotroski F-Score is calculated from a company's financial statements. For Cellecor Gadgets (NSE:CELLECOR), the current Piotroski F-Score is 3 as of Jul. 17, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Cellecor Gadgets (NSE:CELLECOR) Overvalued in 2026?

Based on GuruFocus' analysis, Cellecor Gadgets stock appears to be undervalued. The current stock price of ₹37.05 is trading 51.2% below its estimated GF Value™ of ₹75.96. GuruFocus considers Cellecor Gadgets to be Possible Value Trap.

Key valuation signals for NSE:CELLECOR:

  • Piotroski F-Score: 3 (25% below median its 10-year median of 4.00)
  • GF Value™: ₹75.96 vs. price of ₹37.05 (51.2% below fair value)
  • GF Score™: 36/100 with 4 warning signs
  • Industry Position: 40% below the Hardware median (#1984 of 2431)

No single metric tells the full story. See the NSE:CELLECOR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Cellecor Gadgets Business Description

Address Shalimar Bagh, Plot no 12, Block AG, Delhi, IND, 110088
Cellecor Gadgets Ltd is engaged in the procurement, branding, and distribution of televisions, mobile phones, smart wearables, mobile accessories, home appliances, smart watches, neckbands, and other consumer durable and consumer electronic products. The company sells its products under its flagship brand, CELLECOR.
36GF Score

Get the complete analysis for NSE:CELLECOR

Piotroski F-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹37.05
Price
₹75.96
GF Value