Multibagger Penny Stock Under Rs 60 Hit Upper Circuit After Receiving Cooler Order for 42,000 Units Within The First Seven Days
The stock gave multibagger returns of 290 per cent from its 52-week low of Rs 15.04 per share in just 1 year.
On Wednesday, shares of Cellecor Gadgets Limited hit a 5 per cent upper circuit to Rs 58.70 per share from its previous closing of Rs 55.95. The stock’s 52-week high is Rs 71.80 per share and its 52-week low is Rs 15.04 per share.
Cellecor Gadgets Ltd, a renowned name in consumer electronics, has expanded its product portfolio to include a range of high-performance coolers. These innovative cooling solutions, catering to diverse needs, comprise a Personal Cooler with a 45L capacity and Desert Coolers in various sizes, ranging from 65L to 110L. The overwhelming market response is evident, with confirmed advance orders exceeding 42,000 units within the first week of launch. Strategic partnerships with PG Electroplast Limited and Nobel Moulds Private Limited facilitate this remarkable achievement. The company's extensive distribution network is already mobilising, with 10,000 units dispatched nationwide.
Designed with the Indian consumer in mind, Cellecor's coolers offer advanced cooling technology and robust performance. Whether it's personal cooling or large-space cooling, these versatile products cater to a wide range of applications, making them suitable for both households and businesses. This significant foray into the home appliances segment aligns with Cellecor's vision of becoming a comprehensive solution provider for consumer needs. The exceptional response to the cooler range reinforces Cellecor's commitment to delivering innovative, reliable and high-quality products that enhance everyday life.
With a robust distribution network spanning 28 states and 2 Union Territories, supported by over 1,200 distributors and 50,000 retail points, Cellecor aims to make its cooler range accessible across India. The company's collaboration with local manufacturing partners under the 'Make in India' initiative underscores its commitment to delivering high-quality products while contributing to the nation's manufacturing growth. This strategic move positions Cellecor for future growth in the home appliances market, a key focus area in the company's diversification strategy. Cellecor is well on its way to becoming a trusted household name, offering products that combine innovation, reliability and affordability.
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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 various devices, including smart TVs, mobile phones, smart watches, 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.
Results: According to half-yearly results, the net sales increased by 103 per cent to Rs 425.71 crore, Profit before tax (PBT) increased by 106 per cent to Rs 19.67 crore and net profit increased by 108.3 per cent to Rs 14.62 crore in H1FY25 compared to H1FY24. In its annual results (FY24), the company reported net sales of Rs 500.45 crore, PBT of 20.71 crore and net profit of Rs 16.09 crore.
stock split: The shares of the company ex-traded 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 record date for the stock split was Friday, August 09, 2024.
The company's shares have an ROE of 32 per cent and an ROCE of 30 per cent. As of October 2024, the promoters own 49.64 per cent of the company, FIIs own 2.92 per cent, DIIs own 1.54 per cent and the public owns 45.90 per cent. The stock gave multibagger returns of 290 per cent from its 52-week low of Rs 15.04 per share in just 1 year.
Disclaimer: The article is for informational purposes only and not investment advice.