Multibagger Penny Stock Under Rs 60: Company Partners with TCI Express Limited, DTDC Express Limited, OM Logistics and Express Roadways to strengthen Supply Chain Efficiency
The stock gave multibagger returns of 276 per cent from its 52-week low of Rs 15.04 per share in just 1 year.
Cellecor Gadgets Limited, a prominent player in the Indian consumer electronics market, has taken a significant step towards optimizing its supply chain operations by partnering with renowned logistics providers: TCI Express Limited, DTDC Express Limited, OM Logistics Limited, and Express Roadways Private Limited. This strategic alliance aims to strengthen Cellecor's distribution network, ensuring seamless delivery of its diverse product range to customers nationwide.
With a robust distribution infrastructure comprising strategically located depots, an extensive retail presence, and a vast network of distribution channels, Cellecor is well-positioned to cater to the growing consumer demand. By joining forces with these industry leaders, the company aims to further enhance its delivery timelines, optimize inventory management, and improve overall operational efficiency.
TCI Express, renowned for its time-definite logistics solutions, brings its extensive network of 40,000+ pickup and delivery locations, state-of-the-art sorting centers, and a skilled workforce to the partnership. DTDC Express, with its vast network of 16,000+ partners and international reach, offers robust delivery capabilities. OM Logistics, specializing in technology-enabled logistics solutions, provides comprehensive warehousing, transportation, and logistics support. Express Roadways, with its extensive fleet and operational centers, ensures cost-effective and reliable transportation solutions.
Through these strategic partnerships, Cellecor aims to expand its market reach, particularly in underserved regions, reduce delivery times, and elevate customer satisfaction. By leveraging the combined strengths of these logistics providers, Cellecor is poised to solidify its position as a leading consumer electronics brand in India and drive sustainable growth in the competitive market.
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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 276 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.