Multibagger Penny Stock Below Rs 50: Company Expands Retail Footprint with Launch of Exclusive Brand Store in Barnala, Punjab
The stock gave multibagger returns of 112 per cent from its 52-week low of Rs 22.07 per share.
Cellecor Gadgets Limited, one of India’s fastest-growing consumer electronics brands, proudly announces the launch of its new Exclusive Brand Store in Barnala, Punjab, marking another major step in its mission to bring advanced technology closer to Indian households. The Barnala outlet is Cellecor’s eighth exclusive brand store in India, joining the expanding network of immersive retail locations previously launched in Delhi, Bhopal, Mizoram, Leh Ladakh, Andaman and Nicobar Islands, Sasaram (Bihar), and Nanded (Maharashtra).
The new Cellecor store in Barnala will present their full array of products, from smart TVs to appliances and wearables, offering hands-on demos and personalized help, plus early access to new items. This store, part of Cellecor's growing exclusive network, is key to boosting brand visibility, deepening customer engagement, and strengthening their offline presence. These dedicated retail spaces will provide expert guidance, smooth after-sales support, and a better shopping experience, building lasting customer trust.
Punjab is a promising market in India's consumer electronics sector, contributing about 4.2per cent nationally, valued at over USD 3.25 billion. With a growing urban population and increasing digital adoption, the state shows strong demand for smart and connected products. Cellecor's Barnala store reflects their commitment to delivering quality, innovative products under one roof in key markets, especially in tier 2 and tier 3 cities, building stronger brand connections and trust.
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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 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 112 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.