From Rs 11.02 to Rs 518.05 per share: Godfrey Phillips India’s peer company stock hits 52-week high; Do you own it?
In FY25, FIIs bought a 22.81 per cent stake and increased their stake to 38.30 per cent compared to FY24.
On Wednesday, shares of Godfrey Phillips India’s peer company, Elitecon International Ltd, hit a 5 per cent upper circuit to Rs 518.05 per share from its previous closing of Rs 493.40 per share. The stock also made a new 52-week high of Rs 518.05 per share and its 52-week low is Rs 11.02 per share. The shares of the company saw a spurt in volume by more than 1.65 times on the BSE.
Established in 1987, Elitecon International Ltd. (EIL) specialises in the manufacturing and trading of a diverse range of tobacco and allied products for both 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 8,281 crore and has delivered good profit growth of 243 per cent CAGR over the last 5 years. In FY25, FIIs bought a 22.81 per cent stake and increased their stake to 38.30 per cent compared to FY24. The stock has given multibagger returns of 4,600 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.