Multibagger stock engaged in manufacturing, procurement, branding, and distribution of consumer durables like televisions, mobile phones, Smart Wearables, and many more jumped up to 5 percent in the day’s trade following strategic collaboration to integrate Samsung OS for its Products.
Price Action
With a market capitalization of Rs. 646 Crores, the shares of Cellecor Gadgets Limited were trading at Rs. 308.10 per equity share, up 2.50 percent from its previous day’s close price of Rs. 300.60. It has delivered multibagger returns of 235 percent in a year.
What Happened
Cellecor Gadgets Limited has announced a strategic partnership with Ekkaa Electronics Industries Private Limited, Samsung’s Authorized License Partner in India, for integration of Samsung Tizen OS in all its Smart TVs.
Under this arrangement, Cellecor Gadgets Limited shall be an approved TV Brand under Samsung’s esteemed Tizen OS umbrella, reinforcing Cellecor’s dedication to delivering innovative and high-quality Smart TVs to its valued customers.
In addition, Cellecor shall be provided comprehensive marketing support with need-based collaboration to develop and implement marketing plans tailored to the specific needs and goals of the its business, followed by robust after-sales support, ensuring that the Customer and end-users receive prompt and efficient service for any issues related to these Smart TVs.
Samsung Tizen OS, renowned for its robustness and versatility, is a Linux-based operating system developed in collaboration with Intel, offering a rich ecosystem of features and functionalities. It also supports a unified ecosystem for smart home automation, enabling our Smart TVs to serve as control centres for monitoring and managing connected devices across Android and iOS platforms.
Whole Time Directors Message
Mr. Nikhil Aggarwal, Whole Time Director at Cellecor Gadgets Limited commented, “We are thrilled about this collaboration, as it signifies a pivotal advancement in our Smart TV Offerings.With Samsung Tizen OS serving as the foundational technology for our products, we are wellpositioned to provide an unparalleled viewing and interactive experience tailored to meet the ever-changing demands of our discerning customers.
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 and Ratios
Its revenue from operations grew by 89 percent 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 117 percent and a return on capital employed (ROCE) of 84 percent. It has reported a high debt-to-equity ratio of 0.83.
Written by: Bharath K.S
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