117 per cent ROE & 84 per cent ROCE multibagger stock: This electronics products company reports a 99.4 per cent jump in net profit to Rs 1,609.5 lakh

The stock gave multibagger returns of 198.5 per cent from its 52-week low of Rs 88.15 per share.

Today, shares of Cellecor Gadgets Limited hit a 5 per cent upper circuit to Rs 263.10 per share from its previous closing of Rs 250.60. The stock gave multibagger returns of 198.5 per cent from its 52-week low of Rs 88.15 per share. A small and medium enterprise (SME) stock is being traded in a lot of 1,200 shares. At a price of Rs 263.10 per share, the total cost of this lot is Rs 3,15,720.

Cellecor Gadgets began in 2012 as a proprietorship firm under the name M/s Unity Communications. Founder Ravi Agarwal aimed to leverage the growing demand for electronics by offering affordable, high-quality devices under the Cellecor brand. The company strategically outsources manufacturing from various assemblers to maintain a sustainable business model. Over time, Cellecor Gadgets Ltd. has transformed into a leading consumer electronics brand known for innovation. Their commitment to "making happiness affordable" is reflected in their wide range of products, which now includes not just their original mobile feature phones, smartwatches, earbuds, and TVs, but has expanded to encompass speakers, soundbars, washing machines, and more.

For FY24 compared to the corresponding FY23, the company reported:

• Total Revenue at Rs 500.52 crore v/s Rs 264.35 Crore (+ 89.33 per cent)
• EBITDA at Rs 29.65 crore v/s Rs 12.57 crore (+ 135.93 per cent)
• PAT at Rs 16.09 crore v/s PAT of Rs 8.07 crore (+ 99.39 per cent)

For H2FY24, compared to the corresponding H2FY23, the company reported:

• Total Revenue at Rs 290.80 crore v/s Rs 150.83 crore (+ 92.81 per cent)
• EBITDA at Rs 16.91 Crore v/s Rs 7.91 crore (+ 113.69 per cent)
• PAT at Rs 9.07 crore v/s Rs 4.70 crore (+ 92.96 per cent)

Also Read: Role of artificial intelligence (AI) in stock market analysis.

For H2 FY24, compared to the H1 FY24, the company reported:

• Total Revenue at Rs 290.80 crore v/s Rs 209.66 crore (+ 38.70 per cent)
• EBITDA at Rs 16.91 crore v/s Rs 12.74 crore (+ 32.68 per cent)
• PAT at Rs 9.07 crore v/s Rs 7.02 crore (+ 29.27 per cent)

The shares of the company have an ROE of 117 per cent and an ROCE of 84 per cent. As of March 2024, the promoters of the company own a 51.54 per cent stake, FIIs own 0.77 per cent, DIIs own 3.91 per cent and the rest 43.78 per cent is owned by the public.

Disclaimer: The article is for informational purposes only and not investment advice.