Multibagger stock engaged in manufacturing, procurement, branding, and distribution of consumer durables like televisions, mobile phones, Smart Wearables, and many more hit a 5 percent upper circuit in the day’s trade following strategic partnership with PG Electroplast
Price Action
With a market capitalization of Rs. 990 Crores, the shares of Cellecor Gadgets Limited hit a 5 percent upper circuit at Rs. 47.25 per equity share, from its previous day’s close price of Rs. 45. It has recently completed a stock split of 1:10.
What Happened
Cellecor Gadgets Limited has entered into a strategic partnership with PG Electroplast Limited. Through this collaboration, PG Electroplast will serve as the manufacturing partner for Cellecor’s new range of air conditioners and coolers, representing a significant expansion of Cellecor’s product offerings.
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This partnership will leverage PG Electroplast’s state-of-the-art manufacturing facilities and expertise to rapidly scale up the production of ACs and coolers, with Cellecor’s innovative product design, aiming to enhance production efficiency and deliver high-quality, energy-efficient cooling solutions to the Indian market.
About the Company
Cellecor Gadgets Limited is engaged in the business of manufacturing, procurement, branding, and distribution of televisions, mobile phones, Smart Wearables, mobile accessories, smart watches, neckbands, and many more.
Financials & Ratios
Its Revenue from operations grew by 89 percent YoY from Rs. 264 Crores in FY23 to Rs. 500 Crores in FY24, accompanied by profits of Rs. 8 Crores to Rs. 16 Crores.
In terms of Return ratios, it has reported a return on equity (ROE) of 17.89 percent and a return on capital employed (ROCE) of 32.20 percent. It has reported a high debt-to-equity ratio of 0.83.
Written by: Bharath K.S
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