High ROE & high ROCE multibagger consumer electronics stock gains over 8 per cent as Board likely to announce stock split after 2 days!

The shares of the company have an ROE of 117 per cent and an ROCE of 84 per cent.

Today, shares of Cellecor Gadgets Limited gained over 8 per cent to Rs 305.90 per share from its previous closing of Rs 281.90. The stock gave multibagger returns of 246 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 305 per share, the total cost of this lot is Rs 3,66,000.

Cellecor Gadgets Ltd informed that the meeting of the Board of Directors of the Company is scheduled to be held on Wednesday, June 26, 2024, at the Registered office of the Company situated at Sector 10 Rohini, Rithala, North West Delhi, Delhi-110085, inter-alia, to consider and approve the following businesses:

1. The proposal for sub-division/split of equity shares of the company having a face value of Rs 10 each in such manner as the board may determine, subject to the approval of shareholders of the company.
2. The alteration of the capital clause of the Memorandum of Association of the Company consequent to the sub-division of the face value of the equity shares, subject to the approval of shareholders of the company
3. To seek members’ approval wherever applicable through passing the requisite resolution(s) for the above-said board decisions and other matters connected therewith and/or incidental thereto.
4. To consider any other matter with the permission of the Chair as the Board may think fit or which is incidental and ancillary to the business of the company.

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.