Multibagger penny stock below Rs 50: Company launches a new range of fully automatic top-load washing machines in May 2025
The stock gave multibagger returns of over 100 per cent from its 52-week low of Rs 22.07 per share.
Cellecor Gadgets Limited, a rapidly expanding Indian consumer electronics and home appliance brand, is gearing up to introduce a new line of Fully Automatic Top Load Washing Machines in May 2025. This strategic move highlights Cellecor's dedication to catering to the burgeoning needs of consumers in India's Tier 3, Tier 4 cities, semi-urban areas, and developing rural regions – collectively known as Bharat 2.0. By focusing beyond the major metropolitan centres, Cellecor aims to tap into the significant growth potential of these evolving markets.
The demand for affordable and efficient home appliances is experiencing a substantial upswing across Bharat 2.0, fueled by increasing electricity access, rising household incomes, and a greater understanding of modern conveniences. The Indian washing machine market, valued at approximately Rs 25,000 crore in 2024 and projected to grow at a CAGR of 6.5 per cent, sees this consumer segment as a key driver of future expansion. Cellecor, with its established presence and distribution network in these high-potential areas, is well-positioned to capitalise on these emerging opportunities.
Manufactured in India through a strategic alliance with Dixon Technologies, a leading electronics manufacturing services provider, Cellecor's new automatic washing machine range will feature 7 kg and 8 kg capacity models. These machines are specifically designed to meet the laundry requirements of small to medium-sized Indian families, emphasising practicality, durability, and ease of operation. This partnership ensures high-quality, locally manufactured products that are priced competitively for a wide range of consumers and will be available through Cellecor’s extensive retail network, both online and offline. This launch reinforces Cellecor’s commitment to providing reliable, domestically produced solutions that improve daily life and bridge the technological divide between urban India and Bharat 2.0.
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About the Company
Starting its journey in 2012 as Unity Communications, a proprietorship firm founded by Mr. Ravi Agarwal, Cellecor Gadgets Limited strategically entered the electronics device market by outsourcing and branding a diverse portfolio of products. This included Smart TVs, smart gadgets, wearables, mobile phones, and home and kitchen appliances. Guided by a sustainable business strategy focused on meeting the increasing demand for electronics with affordable quality, Cellecor has grown into a prominent name in the consumer electronics industry, recognized for its commitment to innovation and a wide array of products like mobile phones, smart TVs, audio devices, smartwatches, and home appliances, all aimed at making happiness accessible to a broader consumer base.
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 March 2025, the promoters own 49.64 per cent of the company, FIIs own 3.27 per cent, DIIs own 0.28 per cent and the public owns 46.81 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.