High ROE & high ROCE multibagger consumer electronics stock in green as Board announces 10:1 stock split

The stock gave multibagger returns of over 250 per cent from its 52-week low of Rs 88.15 per share.

Today, shares of Cellecor Gadgets Limited gained 2.51 per cent to Rs 314 per share from its previous closing of Rs 306.30. The stock gave multibagger returns of over 250 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 314 per share, the total cost of this lot is Rs 3,76,800.

Cellecor Gadgets Ltd informed that the Board of Directors of the Company has announced a stock split in the ratio 10:1 i.e., sub-division of 1 equity share of the company having a face value of Rs 10 each into 10 equity shares of the company having a face value of Re 1. The Board fixed the record date for the stock split as Friday, August 09, 2024.

About the company

Cellecor Gadgets Ltd, founded in 2010, is an Indian company that sells consumer electronics under its brand name. They focus on providing affordable options for a wide range of devices including smart TVs, mobile phones, smartwatches, earphones, and various accessories. Cellecor outsources the manufacturing of these products and then distributes them through a network of over 900 distributors, 25,000 retailers, and 1200 service centres across 28 Indian states, with a strong presence in Uttar Pradesh, West Bengal, and Gujarat.

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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)

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.