Assembled from the company's filings and exchange data as of today. Download PDF renders this page on the server; the narrative sections arrive with the Nexa composer.
Dossier · CELLA SPACE LIMITED · 29 October 2026Page 1 of 3
Company Dossier
MarketPing Research · factual · no rating expressed
CELLA SPACE LIMITED
BSE: 532701
BSE: 532701
Commodities › Forest Materials › Paper, Forest & Jute Products › Paper & Paper Products
CELLA SPACE LIMITED
StateQ4 FY26 filed
Last close · 28 Oct 2026₹29.00
Market cap₹0.1k cr
TTM P/E · P/B · EV/EBITDA15.4 · 1.66 · 8.4
CELLA SPACE LIMITED is a Paper, Forest & Jute Products company. The annual-report business brief for this company has not been generated yet; the numbers below are as filed.
What a broker report prints here — the analyst's thesis. This dossier prints the filed record instead; the narrative read of the latest results, the guidance ledger and the earnings-call summary are the composer's sections (INSTITUTIONAL-PLAN.md M3) and are not yet produced.
Exhibit 1: Financial summary, FY20–FY26 (all audited; no estimate years)
| ₹ crore · consolidated | FY20 | FY21 | FY22 | FY23 | FY26 |
|---|---|---|---|---|---|
| Revenue | 3 | 3 | 5 | 7 | 7 |
| EBITDA (ex other income) | 2 | 2 | 4 | 5 | 3 |
| margin % | 80.2 | 58.2 | 68.2 | 67.2 | 40.9 |
| Owners' profit | 1 | 0 | 1 | 0 | 5 |
| EPS, as reported (₹) | 0.41 | 0.17 | 0.54 | 0.56 | 2.25 |
| ROE % · ROCE % | (3.1) · (53.1) | (1.4) · 10.0 | (4.4) · 7.8 | (5.4) · 12.1 | 12.9 · 14.0 |
| Debt / equity (x) | (1.58) | (1.95) | (2.56) | (2.74) | 0.28 |
| Cash from operations | — | 1 | 5 | 3 | (2) |
| Capex | — | (11) | (12) | (1) | (33) |
Source: SEBI results XBRL as filed with BSE/NSE; EBITDA excludes other income.
Every figure is a filed number or a ratio over filed numbers · No rating, target or fair value is expressed · Disclosures on the last pagemarketping.in
Dossier · CELLA SPACE LIMITED · 29 October 2026Page 2 of 3
Exhibit 2: Quarterly performance, last 8 quarters
| ₹ crore | Q1 FY23 | Q2 FY23 | Q3 FY23 | Q4 FY23 | Q1 FY24 | Q2 FY24 | Q3 FY24 | Q4 FY26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 5 |
| Profit before tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3 |
| Net profit | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3 |
| EPS (₹) | 0.17 | 0.12 | 0.14 | 0.13 | 0.11 | 0.08 | 0.09 | 1.60 |
Source: quarterly results as filed; the balance sheet is filed half-yearly and is not repeated here.
Exhibit 3: Peers — basic industry group, by market cap
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| JK PAPER LIMITED | 6,799 | 20.5 | 1.17 | 9.4 | 4.7 | 4.4 | 20.8 | 17.0 |
| WEST COAST PAPER MILLS LT | 5,402 | 23.5 | 1.29 | 10.8 | 3.7 | 5.0 | 13.8 | 23.6 |
| ANDHRA PAPER LIMITED | 1,309 | 47.4 | 0.68 | — | 1.0 | 1.2 | — | 17.9 |
| SESHASAYEE PAPER & BOARDS | 1,210 | 12.2 | 0.59 | 8.3 | 4.0 | 4.1 | 16.9 | 11.3 |
| N R AGARWAL INDS LTD | 1,156 | 18.6 | 1.42 | — | 5.4 | 3.9 | — | 12.4 |
| TAMILNADU NEWSPRT & PAPER | 886 | 3.4 | 0.38 | — | 10.7 | 1.4 | — | 11.2 |
| PUDUMJEE PAPER PRO. LTD | 822 | 9.0 | 1.23 | — | 14.0 | 16.2 | — | 25.2 |
| EMAMI PAPER MILLS LIMITED | 696 | 7.4 | 1.21 | — | 10.7 | 8.1 | — | 14.8 |
Source: exchange data and filed statements via the screener; multiples at current prices.
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 15.4 | 13.8 | 19 of 36 | 49% |
| P/B | 1.7 | 0.7 | 33 of 36 | 9% |
| ROCE | 11.6 | 4.4 | 8 of 45 | 84% |
| ROE | 12.9 | 4.0 | 3 of 37 | 94% |
| Debt / Equity | 0.3 | 0.4 | 17 of 37 | 56% |
| EBITDA margin | 64.3 | 10.4 | 1 of 38 | 100% |
| Revenue growth | 164.0 | 11.5 | 1 of 39 | 100% |
| Profit growth | 1150.0 | 60.9 | 2 of 42 | 98% |
| Market cap | 58 | 55 | 24 of 48 | 51% |
Source: MarketPing peer ranks; a rank is a measurement, not a view.
Every figure is a filed number or a ratio over filed numbers · No rating, target or fair value is expressed · Disclosures on the last pagemarketping.in
Dossier · CELLA SPACE LIMITED · 29 October 2026Page 3 of 3
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 10 Oct 2026 · Routine RTA certificate under SEBI Reg 74(5) for Q2 FY26 | compliance | minimal | — | — |
| 29 Sept 2026 · Closure of Trading window for Q2 and half year results of FY 2026-27 | compliance | minimal | — | — |
| 28 Sept 2026 · All 8 resolutions passed at Cella Space 35th AGM with 99.98 percent plus approval | compliance | minimal | — | — |
| 26 Sept 2026 · 35th AGM held on Sept 26, 2026; 8 resolutions passed including capital reduction | board shareholder meetings | low | — | — |
| 2 Sept 2026 · Post-dispatch newspaper ad for 35th AGM notice and Annual Report | compliance | minimal | — | — |
| 1 Sept 2026 · CELLA SPACE: Newspaper ad for 35th AGM filed with BSE | compliance | minimal | — | — |
| 1 Sept 2026 · Cella Space FY26 Annual Report: revenue nearly doubles, capital reduction proposed | results | medium | — | — |
| 1 Sept 2026 · Cella Space 35th AGM notice and FY26 results, 8 items on agenda | board shareholder meetings | low | — | — |
| 31 Aug 2026 · Promoter Rajkumar Pillai cuts stake in Cella Space from 51.91% to 36.03% | ownership changes | medium | — | — |
| 31 Aug 2026 · Promoter Visakh Rajkumar raises stake to 9.74% in Cella Space via inter-se transfer | ownership changes | medium | — | — |
Source: exchange announcements; each reaction is measured from the close before the filing. Next day = the close one session after the reaction day (the first session that could trade the filing).
How to read this document
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions | an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
Sources, method and disclosures
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
Every figure is a filed number or a ratio over filed numbers · No rating, target or fair value is expressed · Disclosures on the last pagemarketping.in