Multibagger Penny Stock Below Rs 50; Board Has Made Full Payment Of Rs 3.10 Crore Towards NCDs

The stock gave multibagger returns of over 100 per cent from its 52-week low of Rs 22.07 per share.

Cellecor Gadgets Limited has announced the full redemption of its Unlisted, Secured, Redeemable, Partly Paid, Non-Convertible Debentures Series RX4. This redemption involved 310 debentures, each with a face value of Rs 1,00,000, totalling Rs 3.10 Crore. The company has confirmed that the full payment against these debentures has been made.

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 Rs 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 100 per cent from its 52-week low of Rs 22.07 per share.

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