Cellecor Gadgets Secures IVR A-/Stable Ratings on Rs 200 Crore Bank Facilities Amid Robust Financial Surge

Mumbai (Maharashtra) [India], February 26: Cellecor Gadgets Limited, a fast-growing leader in consumer electronics, today announced that Infomerics Valuation and Rating Ltd has assigned strong credit ratings to its Rs 200 crore bank facilities, underscoring the company’s solid financial health and growth trajectory. The ratings include IVR A-/Stable (IVR A Minus with Stable outlook) for Long-Term Facilities worth Rs 115 crore, and a combination of IVR A-/Stable and IVR A2+ (IVR A Two Plus) for Long-Term/Short-Term Facilities amounting to Rs 85 crore, following the mandate contract dated January 5, 2026, and acceptance on February 23, 2026.

These ratings cover a diversified mix of Cash Credit and Working Capital Demand Loans (WCDL) from leading lenders Kotak Mahindra Bank, Axis Bank, and CSB Bank, along with proposed credit lines, as detailed in the rating letter dated February 19, 2026. Typically valid for one year with formal surveillance expected within 12 months, the Stable outlook signals Infomerics’ confidence in Cellecor’s ongoing financial profile and ability to meet obligations.

Fueling this positive assessment, Cellecor delivered impressive half-yearly results for H1FY26, with net sales soaring 50.7% to Rs 641.5 crore, EBITDA climbing 34.8% to Rs 34.10 crore, and net profit rising 35.2% to Rs 19.60 crore compared to H1FY25. Full-year FY25 performance was even stronger, boasting net sales growth of 105% to Rs 1,025.95 crore, Profit Before Tax (PBT) up 91% to Rs 41.43 crore, and net profit surging 92% to Rs 30.90 crore versus FY24. The company’s efficiency shines through with an ROE of 25% and ROCE of 24%, while its stock has rebounded 10% from the 52-week low of Rs 25.75 and delivered multibagger returns exceeding 180% since NSE listing in September 2023. Notably, FIIs ramped up their stake to 8.78% in September 2025 by acquiring 1.22 crore shares, up from 3.27% in March 2025.

By strategically outsourcing manufacturing for Smart TVs, wearables, mobile phones, and home appliances, Cellecor has solidified its position as a prominent brand committed to “making happiness affordable” through innovative, high-quality, and accessible technology solutions. This rating achievement positions the company for sustained expansion amid rising global demand for consumer electronics.

Disclaimer: This article is for informational purposes only and does not constitute financial advice.

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