Multibagger stock engaged in manufacturing, procurement, branding, and distribution of consumer durables like televisions, mobile phones, Smart Wearables, and many more jumped upto 4 percent in the day’s trade upon declaring Record date for the stock split of equity shares in the ratio of 1:10.
Price Action
With a market capitalization of Rs. 630 Crores, the shares of Cellecor Gadgets Limited were trading at Rs. 300.25 per equity share, up 1.25 percent from its previous day’s close price of Rs. 296.55
Stock Split
The Board of Directors of Cellecor Gadgets Limited has approved the sub-division/split of equity shares of the company in the ratio of 1:10 where one equity share of the company with a face of Rs. 10 will be split into 10 equity shares with a face value of Rs. 1. Further, it has approved August 9, 2024, as the record date for determining eligible shareholders of the company for the stock split
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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 is a debt-free company with a debt-to-equity ratio of 0.83
Written by: Bharath K.S
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