Multibagger Stock Under Rs 65 Jumps After Partnering with Zepto to Expand Quick Commerce Platform

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

On Thursday, shares of Cellecor Gadgets Limited jumped 6.4 per cent to Rs 62.35 per share from its previous closing of Rs 58.60 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, a rapidly expanding Indian consumer electronics brand, has forged a strategic partnership with Zepto, India's premier quick commerce platform. This collaboration aims to provide customers with unparalleled convenience by enabling the swift purchase and delivery of Cellecor's diverse range of products through Zepto's efficient network. This initiative reinforces Cellecor's dedication to delivering advanced technology, affordability, and seamless customer experiences, further solidifying its position as a leading household name in India's retail landscape, both online and offline.

Cellecor Gadgets Limited, known for its extensive portfolio of smart gadgets, electronics, and home appliances, is leveraging Zepto's innovative platform to enhance its market reach. Zepto, a pioneer in India's quick commerce sector, boasts a vast network spanning over 50 cities and a catalog of more than 45,000 products, delivering essentials within 10 minutes. This partnership allows Cellecor to capitalize on Zepto's rapid delivery capabilities, ensuring that customers can access their products almost instantly, thus aligning with the growing demand for fast and efficient online shopping experiences.

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.

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.