Cellecor Gadgets has received an IVR A-/Stable credit rating for ₹200 crore bank facilities. The rating highlights strong distribution growth and rising brand presence across India.
Author: Aditya Pareek | EQMint
Cellecor Gadgets Receives Infomerics Credit Rating
Consumer electronics company Cellecor Gadgets Limited has received its first major credit rating from Infomerics Ratings, marking a key milestone in the company’s financial journey.
The rating agency assigned:
- Long-term rating: IVR A- / Stable
- Short-term rating: IVR A2+
- Total bank facilities rated: ₹200 crore 33
This development is a major update in Cellecor Gadgets share news.
Breakdown of Rated Bank Facilities
The rating covers multiple facilities:
- ₹115 crore long-term facilities
- ₹85 crore long-term/short-term facilities
The Cellecor Gadgets bank facilities rating reflects strong lender confidence.
What the A- Stable Rating Means
An IVR A-/Stable rating indicates:
Adequate safety Moderate credit risk Stable outlook Strong repayment capacity
This strengthens the Cellecor Gadgets credit rating profile.
Why Infomerics Assigned the Rating
Infomerics highlighted several strengths:
Strong Pan-India Distribution Network
The company has:
- 70,000+ retailers
- 1,800+ distributors
- 2,000+ service centers
This supports nationwide reach and brand visibility.
Diversified Product Portfolio
Cellecor offers 600+ SKUs across:
- Smart TVs
- Mobile phones
- Wearables
- Audio products
- Home appliances
- Mobile accessories
This strengthens the Cellecor Gadgets financial growth story.
Rapid Revenue Growth
The company recorded strong financial growth:
| Metric | FY24 | FY25 |
|---|---|---|
| Revenue | ₹500.45 Cr | ₹1025.95 Cr |
| EBITDA | ₹29.58 Cr | ₹54.25 Cr |
| PAT | ₹16.09 Cr | ₹30.90 Cr |
Revenue grew at 103.75% CAGR over three years.
This rapid growth played a key role in the Cellecor Gadgets Infomerics rating.
Comfortable Capital Structure
Infomerics noted:
- Gearing improved to 0.78x
- Strong net worth growth
- Moderate debt levels
This enhances financial stability.
Liquidity Position Remains Adequate
Key liquidity highlights:
- Current ratio: 1.76x
- Free cash: ₹10.89 crore
- Working capital utilisation: 85.9%
This supports near-term obligations.
Growth Drivers Ahead
The rating outlook is Stable, based on expectations of:
- Expanding brand recognition
- Increasing scale of operations
- Rising profitability
This supports the Cellecor Gadgets financial growth outlook.
Challenges Highlighted by Infomerics
Despite strengths, risks remain:
Intense Competition
Consumer electronics is highly price-competitive.
Margin Pressure
Rising costs and promotional spending affect margins.
Limited Track Record
Brand is still growing compared to established players.
About Cellecor Gadgets
Founded in 2012, the company operates under the Cellecor brand and is listed on NSE Emerge.
Business model includes:
- OEM/ODM manufacturing
- Offline + online distribution
- Alignment with Make in India initiative
Investor Perspective
For investors tracking Cellecor Gadgets share news, key takeaways include:
- ₹200 crore facilities rated
- A- Stable credit profile
- Strong revenue growth
- Expanding distribution network
The rating enhances credibility.
Why Credit Ratings Matter
Credit ratings help companies:
- Access bank financing
- Improve lender confidence
- Reduce borrowing risk perception
- Strengthen market credibility
This makes the Cellecor Gadgets credit rating significant.
Future Outlook
The rating may help the company:
- Expand product portfolio
- Strengthen distribution
- Improve funding access
- Accelerate growth plans
This reinforces the Cellecor Gadgets bank facilities outlook.
Conclusion
The IVR A-/Stable rating for ₹200 crore bank facilities marks a major milestone for Cellecor Gadgets Limited. The rating reflects strong growth momentum, expanding distribution, and improving financial stability.
The Cellecor Gadgets Infomerics rating signals growing lender confidence and supports long-term expansion plans.
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