10:1 Stock Split & 300 Per Cent Returns: Multibagger Penny Stock Under Rs 65 Hit Upper Circuit; Here’s Why

The stock gave multibagger returns of over 300 per cent from its 52-week low of Rs 15.04 per share in just 1 year.

On Thursday, shares of Cellecor Gadgets Limited hit a 5 per cent upper circuit to Rs 61.60 per share from its previous closing of Rs 58.70 per share. The stock’s 52-week high is Rs 71.80 per share and its 52-week low is Rs 15.04 per share.

Cellecor, a prominent player in the consumer electronics domain, has expanded its product offerings to include a diverse range of high-performance coolers. This innovative lineup comprises Personal Coolers with a 45L capacity and Desert Coolers available in sizes ranging from 65L to 110L, designed to cater to a wide array of cooling needs. The overwhelming market response is a testament to the success of this expansion, with confirmed advance orders surpassing 42,000 units within the first week of launch. Strategic partnerships with PG Electroplast Limited and Nobel Moulds Private Limited have played a pivotal role in achieving this milestone. With an extensive distribution network already in motion, Cellecor has dispatched 10,000 units nationwide.

Designed with the Indian consumer at the forefront, Cellecor's coolers boast advanced cooling technology and robust performance. Whether it's personal cooling or large-space cooling, these versatile products are suitable for both residential and commercial applications. This strategic 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 underscores Cellecor's dedication 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 signifies 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.

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 in just 1 year.

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