Multibagger stock under Rs 100 hit 5% upper circuit after announcing dividend updates!
DSIJ Intelligence-1 / 08 Dec 2025/ Categories: Multibaggers, Penny Stocks, Trending
The stock has given multibagger returns of 1,000 per cent from its 52-week low of Rs 7.41 per share and a whopping 8,500 per cent in 3 years.
On Monday, shares of Elitecon International Ltd (EIL) hit a 5 per cent Upper Circuit to an Intraday high of Rs 90.64 per share from its previous closing of Rs 86.33 per share. The stock’s 52-week high of Rs 422.65 per share and its 52-week low of Rs 7.41 per share.
Elitecon International Limited (EIL) has publicly announced the declaration and payment of an interim dividend. The Board of Directors, at their meeting on November 5, 2025, declared an Interim Dividend of 5 per cent per equity share (Face Value Re 1 each) for the Financial Year 2025–26, with November 12, 2025, fixed as the Record Date. The company confirms that the full dividend amount has been successfully paid to all eligible Non-Promoter Category Shareholders, strictly adhering to the specified dates. To provide payment confirmation, EIL has enclosed a copy of the Dividend Payment Instruction Letter issued to their Bank, explicitly confirming the release of funds only for non-promoter shareholders. Furthermore, EIL confirmed that all necessary statutory procedures under the Companies Act, 2013, and SEBI (LODR) Regulations, 2015, were completed before initiating the disbursement via the company's dedicated Dividend Account (Kotak Mahindra Bank, Dindori, Nashik).
A notable element of this announcement is the voluntary relinquishment of the entire interim dividend entitlement by all Promoter Category Shareholders. This waiver amounts to approximately Rs 47.5 million. The stated purpose of this voluntary action is to strengthen EIL’s internal financial resources, support future growth, expansion, and working capital requirements, and ultimately enhance long-term value creation for all stakeholders. EIL explicitly confirms that this relinquishment was completely voluntary, the dividend payment to non-promoter shareholders proceeded as declared, and there is absolutely no change or impact on the Company’s shareholding pattern as a result of the promoters' decision.
About the Company
Established in 1987, Elitecon International Ltd. (EIL) specialises in the manufacturing and trading of a diverse range of tobacco and allied products for both domestic and international markets. The company's product portfolio includes smoking mixtures, cigarettes, pouch khaini, zarda, flavoured molesis tobacco, yummy filter khaini and other tobacco-based items. EIL has a notable international presence, operating in the UAE, Singapore, Hong Kong and European countries like the UK and plans to expand its offerings to include products such as chewing tobacco, snuff grinders and match-related articles. The company also boasts its brands, including "Inhale" for cigarettes, "Al Noor" for sheesha and "Gurh Gurh" for smoking mixtures.
According to Quarterly Results, the net sales increased by 318 per cent to Rs 2,192.09 crore and the net profit increased by 63 per cent to Rs 117.20 crore in Q2FY26 compared to Q1FY26. According to half-yearly results, the net sales increased by 581 per cent to Rs 3,735.64 crore and the net profit increased by 195 per cent to Rs 117.20 crore in H1FY26 compared to H1FY25. For the consolidated annual results (FY25), the company reported net sales of Rs 548.76 crore and net profit of Rs 69.65 crore.
The company has a market cap of over Rs 14,000 crore. The stock has given multibagger returns of 1,000 per cent from its 52-week low of Rs 7.41 per share and a whopping 8,500 per cent in 3 years.
Disclaimer: The article is for informational purposes only and not investment advice.