Penny stock under Rs 65 in green after partnering with Zetwerk Manufacturing Businesses to manufacture a range of Google TV, QLED & Mini LED Smart TVs
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 gained 3.6 per cent to Rs 60.95 per share from its previous closing of Rs 58.85 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 Private Limited, one of India's fastest-growing consumer electronics brands, has partnered with Zetwerk, a leading electronics manufacturer, to produce a new line of Google TV, QLED, and Mini LED Smart TVs. This strategic alliance reflects Cellecor's dedication to providing innovative, reliable, and technologically advanced products that meet the changing demands of Indian households. The collaboration leverages Zetwerk's manufacturing expertise to further Cellecor's vision of offering cutting-edge technology to its customers.
The production of these Smart TVs will take place at Winsharp Electronics Pvt Ltd, a wholly owned subsidiary of Zetwerk. Winsharp boasts a state-of-the-art facility known for its world-class infrastructure, advanced R&D capabilities, and adherence to global compliance standards. This partnership not only strengthens Cellecor's commitment to the "Make in India" initiative by boosting local manufacturing but also ensures the delivery of high-quality consumer electronics to the Indian market.
Winsharp Electronics Private Limited brings significant expertise to the partnership, specializing in custom OEM and ODM solutions within the consumer electronics manufacturing sector. Their decades of experience, robust supplier network, and commitment to international safety and quality standards (SEDEX/SMETA, ISO certifications) make them an ideal partner. Winsharp's focus on advanced R&D, optimized supply chain management, and value engineering ensures both quality and cost efficiency, ultimately benefiting Cellecor and its customers. This collaboration is poised to redefine the Smart TV landscape in India, offering advanced technology, sleek designs, and exceptional performance at competitive prices.
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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 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.