Price
Financials
Consolidated, Rs crore| Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1.27 | 1.61 | 1.90 | 1.76 | 1.74 | 2.01 | 1.85 | 1.88 | 1.92 | 0.12 | 0.12 | 5.31 |
| Expenses | 0.27 | 0.96 | 0.52 | 0.55 | 0.54 | 0.83 | 0.43 | 0.50 | 0.49 | 0.64 | 0.59 | 2.23 |
| Operating Profit | 1.00 | 0.65 | 1.38 | 1.21 | 1.20 | 1.18 | 1.42 | 1.38 | 1.43 | -0.52 | -0.47 | 3.08 |
| OPM % | 78.74% | 40.37% | 72.63% | 68.75% | 68.97% | 58.71% | 76.76% | 73.40% | 74.48% | -433.33% | -391.67% | 58.00% |
| Other Income | 0.06 | 1.79 | 0.09 | 0.09 | 0.10 | 0.13 | 0.11 | 0.09 | 0.04 | 0.77 | 0.61 | 0.33 |
| Interest | 0.74 | 0.75 | 0.75 | 0.70 | 0.66 | 0.63 | 0.94 | 0.93 | 0.92 | 0.06 | 0.00 | 0.03 |
| Depreciation | 0.32 | 0.24 | 0.37 | 0.37 | 0.36 | 0.39 | 0.37 | 0.37 | 0.37 | 0.01 | 0.00 | 0.00 |
| Profit before tax | 0.00 | 1.45 | 0.35 | 0.23 | 0.28 | 0.29 | 0.22 | 0.17 | 0.18 | 0.18 | 0.14 | 3.38 |
| Tax % | 0.00% | 0.00% | 0.00% | 0.00% | 10.34% | 0.00% | 0.00% | 0.00% | -200.00% | 407.14% | 4.44% | |
| Net Profit | 0.01 | 1.45 | 0.35 | 0.23 | 0.29 | 0.26 | 0.22 | 0.17 | 0.18 | 0.55 | -0.43 | 3.23 |
| EPS in Rs | 0.01 | 0.76 | 0.17 | 0.11 | 0.14 | 0.13 | 0.11 | 0.09 | 0.09 | 0.27 | -0.21 | 1.60 |
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 202.44 | 154.04 | 99.49 | 27.54 | 1.52 | 0.00 | 2.69 | 3.28 | 5.34 | 7.41 | 2.46 | 7.46 |
| Expenses | 190.00 | 152.18 | 105.30 | 64.28 | 3.14 | 4.90 | 2.47 | 1.37 | 1.70 | 2.44 | 2.63 | 4.41 |
| Operating Profit | 12.44 | 1.86 | -5.81 | -36.74 | -1.62 | -4.90 | 0.22 | 1.91 | 3.64 | 4.97 | -0.17 | 3.05 |
| OPM % | 6.15% | 1.21% | -5.84% | -133.41% | -106.58% | 8.18% | 58.23% | 68.16% | 67.07% | -6.91% | 40.88% | |
| Other Income | 0.78 | -7.44 | -2.18 | 1.14 | -5.90 | 7.17 | 2.58 | 0.66 | 0.20 | 0.41 | 56.13 | 3.26 |
| Interest | 6.86 | 5.90 | 6.45 | 5.71 | 2.14 | 0.08 | 1.61 | 1.41 | 1.63 | 2.74 | 1.57 | 1.05 |
| Depreciation | 4.90 | 3.77 | 3.18 | 1.38 | 0.73 | 0.57 | 0.43 | 0.82 | 1.18 | 1.48 | 0.58 | 0.00 |
| Profit before tax | 1.46 | -15.25 | -17.62 | -42.69 | -10.39 | 1.62 | 0.76 | 0.34 | 1.03 | 1.16 | 53.81 | 5.26 |
| Tax % | 19.18% | -22.89% | -3.80% | -13.73% | -26.08% | -17.28% | 0.00% | 0.00% | 0.00% | 2.59% | 4.48% | 13.69% |
| Net Profit | 1.18 | -11.76 | -16.95 | -36.83 | -7.68 | 1.89 | 0.76 | 0.33 | 1.03 | 1.13 | 51.40 | 4.54 |
| EPS in Rs | 0.71 | -7.16 | -10.31 | -22.41 | -4.44 | 1.04 | 0.42 | 0.19 | 0.54 | 0.56 | 25.51 | 2.25 |
| Dividend Payout % | 84.31% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | -23% | 18% | 0% | 203% | ||
| Compounded Profit Growth | 9% | 66% | 59% | 212% | ||
| Stock Price CAGR | 19% | 53% | 72% | 168% | ||
| Return on Equity | % | % | % | 14% |
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 16.44 | 16.44 | 16.44 | 16.44 | 17.30 | 18.20 | 19.15 | 19.15 | 19.15 | 20.15 | 20.15 | 20.15 |
| Reserves | 27.49 | 15.10 | -1.85 | -39.08 | -44.32 | -43.30 | -43.75 | -43.44 | -42.41 | -41.25 | 10.50 | 15.09 |
| Borrowings | 45.19 | 48.76 | 42.81 | 53.35 | 33.51 | 26.58 | 39.09 | 49.36 | 59.32 | 57.54 | 9.24 | 9.98 |
| Other Liabilities | 49.81 | 39.47 | 36.38 | 11.72 | 10.69 | 9.34 | 5.40 | 4.62 | 8.22 | 7.51 | 3.37 | 2.65 |
| Total Liabilities | 138.93 | 119.77 | 93.78 | 42.43 | 17.18 | 10.82 | 19.89 | 29.69 | 44.28 | 43.95 | 43.26 | 47.87 |
| Fixed Assets | 71.45 | 58.36 | 55.03 | 9.66 | 7.70 | 9.39 | 9.25 | 26.75 | 39.42 | 39.15 | 0.11 | 33.45 |
| CWIP | 0.17 | 0.18 | 0.23 | 0.00 | 0.00 | 0.00 | 9.02 | 1.73 | 0.33 | 0.00 | 0.00 | 0.00 |
| Investments | 0.74 | 0.74 | 0.53 | 0.02 | 0.02 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
| Other Assets | 66.57 | 60.49 | 37.99 | 32.75 | 9.46 | 1.42 | 1.61 | 1.20 | 4.52 | 4.79 | 43.14 | 14.41 |
| Total Assets | 138.93 | 119.77 | 93.78 | 42.43 | 17.18 | 10.82 | 19.89 | 29.69 | 44.28 | 43.95 | 43.26 | 47.87 |
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 8.52 | 5.65 | 11.37 | -8.63 | 8.96 | 10.63 | -0.96 | 1.48 | 5.30 | 3.07 | -22.30 | -2.07 |
| Cash from Investing Activity | -1.42 | -1.48 | 0.52 | 0.98 | 9.54 | -3.83 | -9.17 | -11.04 | -12.40 | -0.77 | 95.82 | -31.67 |
| Cash from Financing Activity | -7.91 | -3.50 | -12.39 | 6.28 | -12.57 | -2.42 | 13.40 | 8.83 | 8.33 | -3.52 | -49.63 | -0.17 |
| Net Cash Flow | -0.81 | 0.67 | -0.50 | -1.37 | 5.93 | 4.38 | 3.27 | -0.72 | 1.23 | -1.22 | 23.90 | -33.92 |
| Free Cash Flow | 6.58 | 3.67 | 11.40 | -8.35 | 18.46 | 6.85 | -10.19 | -9.57 | -7.15 | 2.23 | 71.54 | -35.41 |
| CFO/OP | 73% | 325% | -197% | 23% | -559% | -217% | -386% | 91% | 160% | 76% | 11,729% | -44% |
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 64.76 | 61.47 | 61.05 | 44.27 | 429.84 | 20.35 | 36.72 | 25.29 | 26.60 | 10.39 | 2.45 | |
| Inventory Days | 43.20 | 66.20 | 56.43 | 15.02 | 0.00 | 0.00 | ||||||
| Days Payable | 67.10 | 65.52 | 102.24 | 81.88 | ||||||||
| Cash Conversion Cycle | 40.86 | 62.14 | 15.24 | -22.59 | 429.84 | 20.35 | 36.72 | 25.29 | 26.60 | 10.39 | 2.45 | |
| Working Capital Days | -3.05 | -9.34 | -66.95 | -160.37 | -5,746.35 | -3,218.51 | -1,268.60 | -587.83 | -438.39 | 2,314.63 | 322.43 | |
| ROCE % | 9.44% | -1.01% | -11.91% | -83.83% | 40.49% | -37.11% | 5.30% | 8.81% | 8.68% | 10.73% | 14.83% |
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 58.49% | 58.49% | 58.50% | 58.50% | 58.50% | 58.50% | 58.50% | 58.50% | 58.50% | 58.50% | 58.50% | 59.22% |
| Public | 41.50% | 41.50% | 41.49% | 41.50% | 41.51% | 41.51% | 41.49% | 41.50% | 41.50% | 41.50% | 41.50% | 40.77% |
| No. of Shareholders | 7,542 | 7,457 | 7,367 | 7,819 | 7,708 | 7,560 | 7,464 | 7,380 | 7,356 | 7,308 | 7,241 | 7,211 |
Fundamentals
Market Cap₹ 89.7 Cr.
Current Price₹ 44.5
Stock P/E19.7
Book Value₹ 17.5
ROCE14.8 %
ROE13.8 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)203%
Compounded Profit Growth (TTM)212%
Consolidated figures.
Valuation
Market capRs 80 Cr
Enterprise valueRs 85 Cr
P/E (TTM)22.67x
Price to book2.28x
Price to sales10.74x
EV / EBITDA17.28x
EV / EBIT17.28x
EV / sales11.41x
Earnings yield4.41%
P/E, 3-year average7.21x
P/B, 3-year average0.20x
P/E, 5-year average12.75x
P/B, 5-year average-0.08x
Profitability
Operating margin (excl. other income)40.88%
Operating margin (incl. other income)84.58%
EBITDA margin66.00%
Pre-tax margin51.94%
Net profit margin47.39%
Net margin, latest quarter60.83%
ROE13.78%
ROCE14.83%
ROA9.96%
ROE, 3-year average361.71%
ROCE, 3-year average56.90%
ROA, 3-year average43.47%
ROE, 5-year average215.86%
ROCE, 5-year average37.65%
ROA, 5-year average26.93%
ROIC (approx.)10.58%
Tax rate13.69%
Other income / net worth9.25%
Growth
Sales growth (latest year)203.25%
Profit growth (latest year)-91.17%
Sales CAGR, 3 years11.79%
Sales CAGR, 5 years22.63%
Profit CAGR, 3 years63.96%
Profit CAGR, 5 years41.16%
Sales growth QoQ4325.00%
Sales growth YoY (latest quarter)182.45%
Profit growth YoY (latest quarter)1600.00%
Per share
EPS (TTM)Rs 1.76
EPS (latest year)Rs 2.25
EPS (latest quarter)Rs 1.60
EPS, 3-year averageRs 9.44
EPS, 5-year averageRs 5.81
Book value per shareRs 17.49
Sales per shareRs 3.71
Cash flow per shareRs -1.03
Free cash flow per shareRs -17.57
Efficiency
Asset turnover0.16x
Fixed asset turnover0.22x
Debtor days2 days
Debtors turnover149.20x
Creditor days82 days
Cash conversion cycle2 days
Working capital days322 days
Leverage
Total debtRs 10 Cr
Cash and bankRs 5 Cr
Net debtRs 5 Cr
Debt to equity0.28x
Net debt / EBITDA1.01x
Interest coverage4.70x
Owners' fund to total sources73.62%
Debt to assets20.85%
Cash flow
Cash from Operating Activity (latest year)Rs -2 Cr
Cash from Investing Activity (latest year)Rs -32 Cr
Cash from Financing Activity (latest year)Rs -0 Cr
Net Cash Flow (latest year)Rs -34 Cr
Free cash flow (latest year)Rs -35 Cr
FCFE (approx.: FCF + change in debt)Rs -35 Cr
Cash from ops / profit, 5 years-0.25x
Statement figures
Net sales (TTM)Rs 7 Cr
Net sales (latest year)Rs 7 Cr
Sales (latest quarter)Rs 5 Cr
Operating profit excl. other income (latest year)Rs 3 Cr
Operating profit (latest quarter)Rs 3 Cr
Other income (TTM)Rs 2 Cr
EBITDA (TTM)Rs 5 Cr
PBDT (TTM)Rs 4 Cr
Profit before tax (TTM)Rs 4 Cr
Tax (latest year)Rs 1 Cr
Net profit (TTM)Rs 4 Cr
Net profit (latest year)Rs 5 Cr
Net profit (latest quarter)Rs 3 Cr
Interest (TTM)Rs 1 Cr
Cost of goods sold (latest year)Rs 2 Cr
Total expenditure (latest year)Rs 4 Cr
Total income (latest year)Rs 11 Cr
Share capitalRs 20 Cr
ReservesRs 15 Cr
Shareholders' fundsRs 35 Cr
Total assetsRs 48 Cr
Net blockRs 33 Cr
InvestmentsRs 0 Cr
ReceivablesRs 0 Cr
Other liabilitiesRs 3 Cr
Shares outstanding (crore)2.02
Ownership
Promoter holding59.22% (+0.72 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 22.7 is at the 58th percentile of its own 7.4-year range
(median 19.8, low 3.3, high 68.5).
P/B 2.28 is at the 92th percentile (median 1.01).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
| Period | 532701 | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | -8.1% | -2.8% | -5.4 pts |
| 1 month | +26.2% | -6.8% | +33.0 pts |
| 3 months | +96.7% | -7.6% | +104.4 pts |
| 3 years | +374.0% | +14.2% | +359.9 pts |
| 5 years | +665.8% | +27.9% | +637.9 pts |
Red flags
F-score 5 of 8| explain | Weak cash conversion Cash from operations was -37% of net profit over the last 3 years |
| explain | High accruals Profit exceeded operating cash by 14% of total assets in 2026 |
| look | Profit leans on other income Other income was 62% of pre-tax profit in 2026 |
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.
Latest quarter
Mar 2026Sales ₹5 Cr +182.4% vs Sep 2023.
Net profit ₹3 Cr +1800.0%.
Activity
Compare| Company | Mcap (Cr) | P/E | ROCE |
|---|---|---|---|
| JK Paper Ltd | 7,096 | 21.7 | 7.39 % |
| West Coast Paper Mills Ltd | 4,641 | 20.2 | 6.17 % |
| Seshasayee Paper & Boards Ltd | 1,535 | 15.5 | 5.60 % |
| Andhra Paper Ltd | 1,427 | 51.7 | 0.04 % |
| N R Agarwal Industries Ltd | 1,125 | 17.0 | 8.49 % |
| Tamil Nadu Newsprint & Papers Ltd | 1,053 | 4.04 | 6.41 % |
| Pudumjee Paper Products Ltd | 898 | 9.86 | 18.1 % |
| Emami Paper Mills Ltd | 718 | 7.60 | 11.4 % |
| Satia Industries Ltd | 687 | 3.94 % | |
| Kuantum Papers Ltd | 671 | 18.6 | 5.24 % |
| Prabhatam Infra Venture Ltd | 614 | -97.1 % | |
| Shree Rama Newsprint Ltd | 464 | 0.93 % | |
| Pakka Ltd | 350 | 25.2 | 3.31 % |
| Orient Paper & Industries Ltd | 343 | -4.24 % | |
| Ruchira Papers Ltd | 313 | 9.39 | 11.1 % |
No bulk or block deals on record.
No corporate actions on record.
No announcements in our files yet.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.
Quick answers
What is the market cap of Cella Space Ltd?
Cella Space Ltd (532701) has a market capitalisation of Rs 89.7 Cr. at the 2026-10-01 close.
What is the P/E ratio of Cella Space Ltd?
Cella Space Ltd trades at a P/E of 19.7 on trailing twelve-month profit, at the 2026-10-01 close.
What were Cella Space Ltd's latest quarterly results?
In the Mar 2026 quarter, Cella Space Ltd sales was Rs 5 Cr (+182.4% vs Sep 2023) and net profit was Rs 3 Cr.