Cellecor Gadgets Limited A bumper rise is being seen in the shares. Actually, the company has released its 6 months results. According to the results, net sales increased by 103 percent to ₹425.71 crore. Profit before tax (PBT) increased by 106 percent to ₹19.67 crore and Net Profit increased by 108.3 percent to ₹14.62 crore. Here is a comparison of H1FY24 to H1FY25. Looking at the annual results for FY2024, the company has registered net sales of ₹500 crore, PBT of ₹20.71 crore and net profit of ₹16.09 crore.
stock split
The shares of the company were ex-traded in the ratio of 10:1 in the form of stock split i.e. 1 equity share with current value of ₹10 was divided into 10 equity shares. The record date for the stock split was Friday, August 9, 2024.
fundamentals
The ROE of the company’s shares is 117 percent and ROCE is 84 percent. As of March 2024, promoters hold 51.54 percent of the company, FIIs hold 0.77 percent, DIIs hold 3.91 percent and the public holds 43.78 percent. The stock has hit its 52 week low of ₹15.04 per share and the stock has given a multibagger return of 377.4 percent in just 1 year.
Company Partnership
Let us tell you that earlier Cellecor Gadgets Limited had entered into a strategic partnership with Gujarat’s leading retail chain OSIA Hyper Retail Limited. This collaboration will provide Celcor the opportunity to present its various appliances and smart gadgets to a larger audience through OSIA Hypermart’s extensive store network. OSIA Hypermart, famous for its innovative offers, quality products and affordable prices. The company has strengthened its position as Gujarat’s largest and most trusted retail chain. With over 3 lakh product categories and presence in over 15 cities, OSIA Hypermart offers a convenient and enhanced shopping experience to customers.
business model
Cellecor Gadgets Ltd, founded in 2010, is an Indian company that sells consumer electronics goods under its own brand name. It is famous for electronics items like smart TV, mobile phones, smart watches, earphones. Cellcor outsources the manufacturing of these products and then distributes them through a network of over 900 distributors, 25,000 retailers and 1200 service centers across 28 Indian states, with a strong presence in Uttar Pradesh, West Bengal and Gujarat. Let us tell you that this is an SME stock.
Disclaimer: This information is for informational purposes only and should not be construed as investment advice. It is recommended to consult a financial advisor before making investment decisions.