Stock Under Rs 65 In Green After Partnering With Jeeves Consumer Services Pvt Ltd (A Flipkart Company) to Strengthen After-Sales Service Network Across India

The stock gave multibagger returns of over 300 per cent from its 52-week low of Rs 15.04 per share.

On Saturday, shares of Cellecor Gadgets Limited gained 1.24 per cent to Rs 61 per share from its previous closing of Rs 60.25 per share. The stock’s 52-week high is Rs 81.50 per share and its 52-week low is Rs 15.04 per share.

Cellecor Gadgets Limited, one of India’s fastest-growing consumer electronics brands, has partnered with Jeeves Consumer Services Pvt Ltd, a Flipkart company, to elevate its after-sales service offerings nationwide. This collaboration aims to provide Cellecor customers with seamless, professional, and reliable service support, ensuring a superior ownership experience. The partnership will focus on installation and repair services for Smart TVs, Washing Machines, Refrigerators, and Air Conditioners.

By joining forces with Jeeves, a leading third-party neutral service provider under the Flipkart Group, Cellecor is reinforcing its commitment to top-tier service solutions. This initiative will expand the brand’s reach and reliability, efficiently and expertly addressing consumer needs. Jeeves, part of the Flipkart Group, is one of India’s largest third-party service providers, specializing in comprehensive lifecycle management across various categories, including consumer electronics and home appliances.

Jeeves has been a trusted name in after-sales service since 2007, providing cost-effective, reliable, and efficient solutions in over 1,000 cities across India. Their commitment to using genuine spares and accessories, coupled with highly trained service personnel, ensures hassle-free repairs and installations nationwide. This collaboration allows Cellecor to reaffirm its dedication to customer satisfaction by expanding service capabilities and delivering a best-in-class after-sales experience. The partnership is expected to enhance Cellecor’s service outreach, reduce turnaround times, improve service accessibility, and bolster customer trust and brand loyalty. Ultimately, this streamlined service process will lead to higher customer retention, reduced product downtime, and an improved brand perception in the competitive consumer electronics market.

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 over 300 per cent from its 52-week low of Rs 15.04 per share.

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