Upper Circuit & 52-Week High Alert: Tobacco Manufacturer Reports Stellar Results; Net Profit Jumps 574 Per Cent in FY25
The stock has given multibagger returns of 3,584 per cent from its 52-week low of Rs 11.02 per share.
On Wednesday, shares of Elitecon International Ltd hit a 5 per cent upper circuit to Rs 406 per share from its previous closing of Rs 386.70 per share. The stock also made a new 52-week high of Rs 406 per share and its 52-week low is Rs 11.02 per share. The company's shares saw a spurt in volume by more than 2.6 times on the BSE.
Established in 1987, Elitecon International Ltd. (EIL) specialises in manufacturing and trading a diverse range of tobacco and allied products for domestic and international markets. The company's product portfolio includes smoking mixtures, cigarettes, pouch khaini, zarda, flavoured moleskine tobacco, yummy filter khaini, and other tobacco-based items. EIL has a notable international presence, operating in the UAE, Singapore, Hong Kong, and European countries like the UK, and plans to expand its offerings to include products such as chewing tobacco, snuff grinders, and match-related articles. The company also boasts its brands, including "Inhale" for cigarettes, "Al Noor" for sheesha, and "Gurh Gurh" for smoking mixtures.
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According to consolidated Quarterly Results, the net sales increased by 232 per cent to Rs 313.16 crore and the net profit increased by 222 per cent to Rs 42.97 crore in Q4FY25 compared to Q4FY24. In its standalone annual results, the net sales increased by 424 per cent to Rs 297.51 crore and the net profit increased by 574 per cent to Rs 32.21 crore in FY25 compared to FY24. For the consolidated annual results (FY25), the company reported net sales of Rs 548.76 crore and net profit of Rs 69.65 crore.
The company has a market cap of Rs 6,490 crore and has delivered good profit growth of 243 per cent CAGR over the last 5 years. In FY25, FIIs bought 22.81 Per Cent Stake and increased their stake to 38.30 per cent compared to FY24. The stock has given multibagger returns of 3,584 per cent from its 52-week low of Rs 11.02 per share.
Disclaimer: The article is for informational purposes only and not investment advice.