Multibagger stock under Rs 50: Consumer electronics company to consider, evaluate and finalise the raising of funds!
The stock is up 34.3 per cent from its 52-week low of Rs 27 per share and has given multibagger returns of over 250 per cent since its listing on NSE in September 2023.
On Thursday, shares of Cellecor Gadgets Limited plunged 1.9 per cent to Rs 36.25 per share from its previous closing of Rs 36.95 per share. The stock’s 52-week high is Rs 81.50 per share and its 52-week low is Rs 27 per share.
The Board of Directors of Cellecor Gadgets Limited will convene on Tuesday, July 8, 2025, to discuss key financial and operational matters. A primary agenda item is to consider, evaluate, and finalize the raising of funds through the issuance of securities. This will be conducted in one or more tranches, contingent on obtaining all necessary approvals from shareholders, statutory authorities, and regulatory bodies. Additionally, the Board will address any other pertinent matters that the Chair may deem appropriate for discussion.
About the Company
Cellecor Gadgets Limited began its journey in 2012 as M/s Unity Communications, a proprietorship firm founded by Mr. Ravi Agarwal, focusing on selling electronics under its brand. The company has since grown into a prominent name in the consumer electronics industry, known for its commitment to providing affordable, quality products. Cellecor achieves this through a sustainable business strategy that synergises, combining electronic product demand with a modern approach to sourcing, production, and marketing. Today, their diverse product range includes mobile phones, smart TVs, various audio devices, smartwatches, and home appliances.
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Results: According to half-yearly results, the net sales increased by 106 per cent to Rs 600.23 crore, Profit before tax (PBT) increased by 79 per cent to Rs 21.76 crore and net profit increased by 79 per cent to Rs 16.28 crore in H2FY25 compared to H2FY24. In its annual results, the net sales increased by 105 per cent to Rs 1,025.95 crore, Profit before tax (PBT) increased by 91 per cent to Rs 41.43 crore and net profit increased by 92 per cent to Rs 30.90 crore in FY25 compared to FY24.
The company's shares have an ROE of 25 per cent and an ROCE of 24 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 is up 34.3 per cent from its 52-week low of Rs 27 per share and has given multibagger returns of over 250 per cent since its listing on NSE in September 2023.
Disclaimer: The article is for informational purposes only and not investment advice.