External broker reports(aggregated public sources), Motilal Oswal Financial Services Limited

Motilal Oswal

External broker reports(aggregated public sources)

Motilal Oswal Financial Services Limited

Motilal Oswal Financial Services Limited is an Indian diversified financial services firm offering a range of financial products and services. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

Equity Bottom-Up

<ul><li>CELLO reported ~5% revenue growth in 3QFY25, driven by festive demand in the first half of the quarter.</li><li>However, this was offset by a slowdown in consumption and discretionary spending later in the quarter.</li><li>Growth in Consumerware (up 9% YoY) and Moulded Furniture &amp; Allied products (up 7% YoY) was partially impacted by a decline in the Writing Instrument segment (down 11% YoY), despite export markets showing sequential recovery.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

CELLO reported ~5% revenue growth in 3QFY25, driven by festive demand in the first half of the quarter.However, this was offset by a slowdown in consumption and discretionary spending later in the quarter.Growth in Consumerware (up 9% YoY) and Moulded Furniture &amp; Allied products (up 7% YoY) was partially impacted by a decline in the Writing Instrument segment (down 11% YoY), despite export markets showing sequential recovery.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Cello World - Muted Q3 Performance; Consumption-Led Rebound on the Horizon

<ul><li>Cello World Ltd (CELLO) has achieved significant success within the writing instrument segment (accounted for ~17% of its consolidated revenue in FY24) following its re-entry into the space in CY19.</li><li>Currently, Unomax (CELLO’s brand) is one of the leading brands in the industry, posting revenue of ~INR3.3b in FY24 (~44% revenue CAGR over FY21-24) along with industry best margin profile.</li><li>The domestic business accounted for ~60% of segmental revenues in FY24, with exports accounting for the rest.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Cello World Ltd (CELLO) has achieved significant success within the writing instrument segment (accounted for ~17% of its consolidated revenue in FY24) following its re-entry into the space in CY19.Currently, Unomax (CELLO’s brand) is one of the leading brands in the industry, posting revenue of ~INR3.3b in FY24 (~44% revenue CAGR over FY21-24) along with industry best margin profile.The domestic business accounted for ~60% of segmental revenues in FY24, with exports accounting for the rest.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Cello World - Penning the Growth Story Ahead

Market & Forensics Analyst, Beat the Street

Nimish Maheshwari

Market & Forensics Analyst

Beat the Street

Beat The Street was founded by Nimish Maheshwari and Sudarshan Bhandari, both of whom are Chartered Accountants by Profession, known for their expert analysis in the fields of Business, Sectoral analysis, and Corporate governance.

With a strong social media presence of 45,000+ Subscribers across various platforms, they are considered trusted voices in the industry. Their insights and analysis have been featured in some of India’s most prominent publications, including the Economic Times, Dalal Street Investment Journal, The Morning Context, and The Ken.

Their analysis on Bankrupt & Insolvent companies has been instrumental in saving investors from significant losses. They have a keen eye for identifying red flags and has identified exclusive redflags earlier in Vedanta, Nykaa, Dhani Services, Adani and many more.

Read Business Not Stock Prices

Thematic (Sector/Industry)

<ul>
<li>Several companies across industries have commissioned capacity expansions. These completions reflect management's strong demand outlook and are often precursors to improved financial performance and long-term value creation.</li>
<li>The completion of strategic Capex enhances revenue streams and EBITDA margins, positioning companies for sustainable growth, improved financial performance, and greater investor confidence amid evolving market demands.</li>
<li>Tracking newly completed capacities helps identify companies entering growth mode. As utilization improves and integration lowers costs, earnings visibility strengthens, supporting upgraded forecasts and potential valuation upside.</li>
</ul>


Several companies across industries have commissioned capacity expansions. These completions reflect management's strong demand outlook and are often precursors to improved financial performance and long-term value creation.
The completion of strategic Capex enhances revenue streams and EBITDA margins, positioning companies for sustainable growth, improved financial performance, and greater investor confidence amid evolving market demands.
Tracking newly completed capacities helps identify companies entering growth mode. As utilization improves and integration lowers costs, earnings visibility strengthens, supporting upgraded forecasts and potential valuation upside.


Capex Monetization: Revenue Impact, Margin Expansion Across Companies

Forensic Accounting

<ul>
<li>With Indian capital markets booming, companies are tapping capital markets regularly for fundraising even though they have recently raised funds.</li>
<li>There are also cases where company after concluding IPO in recent years are going for fund raise</li>
<li>The market are jittery about possible equity dilution and unclear fund raising objectives</li>
</ul>


With Indian capital markets booming, companies are tapping capital markets regularly for fundraising even though they have recently raised funds.
There are also cases where company after concluding IPO in recent years are going for fund raise
The market are jittery about possible equity dilution and unclear fund raising objectives


Indian Companies Are Betting on Booming Capital Markets with Unplanned Fund Raisings

Consumer Analyst / Channel Surveillance Specialist, Trudence Capital Advisors

Pranav Bhavsar

Consumer Analyst / Channel Surveillance Specialist

Trudence Capital Advisors

Trudence Capital Advisors Private Limited is a SEBI-registered Research Analyst, holding SEBI registration number INH000015747. Our firm is dedicated to providing independent and unbiased research on Indian mid to large-cap companies. Trudence Capital is known for its counter-consensus views, with a focus on forensic research and on-ground primary investigations. Our research approach is thorough, involving detailed analysis of accounting practices and governance, alongside extensive channel checks.

Independent & Unbiased Research

<ul>
<li>The market seems to be dancing to its own tune and is likely to continue.</li>
<li>EUREKAFO's distributors are dissatisfied, MANYAVAR's reported numbers failed to match up to the on-ground optimism. </li>
<li>LTFH's "strong" retail playbook keeps performing, and SGMART's website raises concerns about its operations. </li>
</ul>


The market seems to be dancing to its own tune and is likely to continue.
EUREKAFO's distributors are dissatisfied, MANYAVAR's reported numbers failed to match up to the on-ground optimism. 
LTFH's "strong" retail playbook keeps performing, and SGMART's website raises concerns about its operations. 


[#19] Namaste India 🙏 | Eureka Forbes, Manyavar, L&T Finance, SG Mart, Cello

India

Cello World is an Indian consumer products company. The firm is a leading company in the consumerware market in India.

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Cello World Limited (CW IN)

Cello World - Muted Q3 Performance; Consumption-Led Rebound on the Horizon

CELLO reported ~5% revenue growth in 3QFY25, driven by festive demand in the first half of the quarter. However, this was offset by a slowdown in...

Motilal Oswal

Cello World - Penning the Growth Story Ahead

Cello World Ltd (CELLO) has achieved significant success within the writing instrument segment (accounted for ~17% of its consolidated revenue in...

Motilal Oswal

Capex Monetization: Revenue Impact, Margin Expansion Across Companies

Companies are expanding capacity to meet strong demand, improve financial performance, and create long-term value, positioning them for...

Nimish Maheshwari

Indian Companies Are Betting on Booming Capital Markets with Unplanned Fund Raisings

Indian companies are tapping capital markets frequently for fundraising despite recent raises, causing concern over equity dilution and unclear...

Nimish Maheshwari

[#19] Namaste India 🙏 | Eureka Forbes, Manyavar, L&T Finance, SG Mart, Cello

The market continues to march to its own beat as EUREKAFO and MANYAVAR disappoint, while LTFH and SGMART show contrasting performances.

Pranav Bhavsar

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52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Cello World - Muted Q3 Performance; Consumption-Led Rebound on the Horizon

CELLO reported ~5% revenue growth in 3QFY25, driven by festive demand in the first half of the quarter. However, this was offset by a slowdown in...

Motilal Oswal

Cello World - Penning the Growth Story Ahead

Cello World Ltd (CELLO) has achieved significant success within the writing instrument segment (accounted for ~17% of its consolidated revenue in...

Motilal Oswal

Capex Monetization: Revenue Impact, Margin Expansion Across Companies

​Companies are expanding capacity to meet strong demand, improve financial performance, and create long-term value, positioning them for...

Nimish Maheshwari

Indian Companies Are Betting on Booming Capital Markets with Unplanned Fund Raisings

​Indian companies are tapping capital markets frequently for fundraising despite recent raises, causing concern over equity dilution and unclear...

Nimish Maheshwari

[#19] Namaste India 🙏 | Eureka Forbes, Manyavar, L&T Finance, SG Mart, Cello

​The market continues to march to its own beat as EUREKAFO and MANYAVAR disappoint, while LTFH and SGMART show contrasting performances.

Pranav Bhavsar

Companies are expanding capacity to meet strong demand, improve financial performance, and create long-term value, positioning them for...

Indian companies are tapping capital markets frequently for fundraising despite recent raises, causing concern over equity dilution and unclear...

The market continues to march to its own beat as EUREKAFO and MANYAVAR disappoint, while LTFH and SGMART show contrasting performances.