Cello World (NSE:CELLO) Operating Income: ₹3,936 Mil (TTM As of Mar. 2026)

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NSE:CELLO Cello World Ltd NSE:CELLO
63 GF Score
Price ₹344.30
GF Value ₹720.89
Valuation Possible Value Trap
! 3 Warning Signs
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What is Cello World Operating Income?

Cello World NSE:CELLO +1.19% 63 Operating Income is ₹3,936 Mil as of Mar. 2026. GuruFocus rates NSE:CELLO with a GF Score™ of 63/100 and a GF Value™ of ₹720.89 (Possible Value Trap). The stock has 3 warning signs investors should review.

Cello World's Operating Income for the three months ended in Mar. 2026 was ₹1,093 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was ₹3,936 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Cello World's Operating Income for the three months ended in Mar. 2026 was ₹1,093 Mil. Cello World's Revenue for the three months ended in Mar. 2026 was ₹6,536 Mil. Therefore, Cello World's Operating Margin % for the quarter that ended in Mar. 2026 was 16.72%.

Warning Sign:

Cello World Ltd operating margin has been in a 5-year decline. The average rate of decline per year is -3.5%.

Cello World's 5-Year average Growth Rate for Operating Margin % was -3.50% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Cello World's annualized ROC % for the quarter that ended in Mar. 2026 was 16.04%. Cello World's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 23.48%.

Cello World  (NSE:CELLO) Operating Income Explanation

1. Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Cello World's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

ROC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=4370.016 * ( 1 - 22.63% )/( (0 + 21074.418)/ 1 )
=3381.0813792/21074.418
=16.04 %

where

Invested Capital(Q: Dec. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=0 - 0 - ( 0 - max(0, 0 - 0+0))
=0

Invested Capital(Q: Mar. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=30031.783 - 1703.166 - ( 7254.199 - max(0, 2678.673 - 21702.101+7254.199))
=21074.418

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

Cello World's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=4674.676/( ( (0 + max(0, 0)) + (7903.566 + max(12006.702, 0)) )/ 1 )
=4674.676/( ( 0 + 19910.268 )/ 1 )
=4674.676/19910.268
=23.48 %

where Working Capital is:

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0) - (0 + 0 + 0)
=0

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(7496.205 + 5347.104 + 1493.632) - (1703.166 + 0 + 627.073)
=12006.702

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

3. Operating Income is also linked to Operating Margin %:

Cello World's Operating Margin % for the quarter that ended in Mar. 2026 is calculated as:

Operating Margin %=Operating Income (Q: Mar. 2026 )/Revenue (Q: Mar. 2026 )
=1092.504/6535.922
=16.72 %

* 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.

4. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Operating Income growth rate using Operating Income per share data.

Be Aware

Compared with a company's EBITDA margin, Operating Margin can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).

If a company is facing competition, its Operating Margin may decline. Often the Operating Margin declines well before the company's revenue or even profit decline. Therefore, Operating Margin is a very important indicator of whether the company is facing problems.

For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokia's Operating Margin had already been in decline since 2002, although its earnings per share were still rising. Investors who paid attention to Operating Margin would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).

Therefore, Operating Margin is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.

Cello World Operating Income Related Terms

Cello World Operating Income Historical Data

* Premium members only.

The historical data trend for Cello World's Operating Income 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.

Cello World Operating Income Chart

Cello World Annual Data
Trend Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Operating Income
Get a 7-Day Free Trial 2,888.88 3,860.39 4,529.60 4,487.98 3,944.74

Cello World Quarterly Data
Mar21 Mar22 Jun22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Operating Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1,172.61 904.16 1,081.57 857.90 1,092.50
NSE:CELLO
63GF Score
Cello World Ltd NSE:CELLO
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Cello World Operating Income Calculation

Operating Income, is the profit a company earned through operations. All expenses, including cash expenses such as cost of goods sold (COGS), research & development, wages, and non-cash expenses, such as depreciation, depletion and amortization, have been deducted from the sales.

Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹3,936 Mil.

* 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.

Frequently Asked Questions Learn more about Operating Income →
What does a Operating Income of ₹3,936 Mil mean?
Cello World (NSE:CELLO) has a Operating Income of ₹3,936 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Cello World and its competitors.
Is Cello World's Operating Income too high?
Cello World's current Operating Income is ₹3,936 Mil. Overall, Cello World has a GF Score™ of 63/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Cello World's Operating Income compare to SN and SGI?
Cello World's Operating Income of ₹3,936 Mil can be compared against companies in the Furnishings, Fixtures & Appliances industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Operating Income for a Furnishings, Fixtures & Appliances company?
A good Operating Income depends on the Furnishings, Fixtures & Appliances industry context. However, Operating Income should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Operating Income mean?
A high Operating Income can signal that a stock is expensive relative to its fundamentals. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Cello World and its competitors. Cello World's current Operating Income is ₹3,936 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cello World stock overvalued right now?
Based on GuruFocus' analysis, Cello World (NSE:CELLO) is currently considered Possible Value Trap. The stock's GF Value™ is ₹720.89, compared to a current price of ₹344.30 — trading 52.2% below its estimated fair value. The current Operating Income is ₹3,936 Mil. Cello World's overall GF Score™ is 63/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Operating Income calculated?
Operating Income is calculated from a company's financial statements. For Cello World (NSE:CELLO), the current Operating Income is ₹3,936 Mil as of Mar. 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 Cello World (NSE:CELLO) Overvalued in 2026?

Based on GuruFocus' analysis, Cello World stock appears to be undervalued. The current stock price of ₹344.30 is trading 52.2% below its estimated GF Value™ of ₹720.89. GuruFocus considers Cello World to be Possible Value Trap.

Key valuation signals for NSE:CELLO:

  • Operating Income: ₹3,936 Mil
  • GF Value™: ₹720.89 vs. price of ₹344.30 (52.2% below fair value)
  • GF Score™: 63/100 with 3 warning signs

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

Cello World Business Description

Other Exchanges 544012:India
Address Sonawala Road, Corporate Avenue, Cello House, B Wing, 8th Floor, Goregaon (East), Mumbai, MH, IND, 400063
Cello World Ltd is a popular Indian consumer products company. It is engaged in the consumerware market in India, with a presence in consumer houseware, writing instruments and stationery, molded furniture, and allied product categories. It is engaged in the business of trading consumer products namely plastic and rubber products such as water bottles, storage containers and jars, tiffins and lunch carriers, stationery items, glassware, steel flasks, and jars among others. Geographically, the company generates a majority of its revenue within India.
63GF Score

Get the complete analysis for NSE:CELLO

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

₹344.30
Price
₹720.89
GF Value