Crorepati Stock: Rs 1,08,28,171 for a share of just Rs 1.10; an investment of Rs 1 lakh in this stock would have turned you into a crorepati

On Thursday, shares of this Crorepati Stock hit a 5 per cent upper circuit to an all-time high of Rs 119.11 per share from its previous closing of Rs 113.44 per share. The stock also made a 52-week high of Rs 119.11 per share and its 52-week low is Rs 1.10 per share. The company is locked in the upper circuit for the 15^th consecutive day.

On Wednesday, June 25, 2025, the company’s shares have ex-traded a 1:10 stock split. This means each equity share with a face value of Rs 10 has been subdivided into ten equity shares, each now having a face value of Re 1.

The company has a market cap of over Rs 19,000 crore. The stock has given multibagger returns of 10,728 per cent from its 52-week low of Rs 1.10 per share. An investment of Rs 1,00,000 turns Rs 1,08,28,171 in less than 11 months.

The buzzing stock name is Elitecon International Ltd (EIL).

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.

Elitecon International Limited's Board, on July 16, 2025, placed the proposed acquisition of Prime Place Spices Trading LLC on hold, declaring the Share Purchase Agreement null and void. This decision stems from critical gaps found during due diligence, including issues with financial metrics and asset documentation. Consequently, the Extra-ordinary General Meeting (EGM) scheduled for August 6, 2025, to approve the acquisition has been cancelled. Prime Place Spices Trading LLC has until August 16, 2025, to provide satisfactory clarifications, or the transaction will be deemed closed.

According to consolidated Quarterly Results, the net sales increased by 232 per cent to Rs 313.16 crore and the net profit increased by 222 per cent to Rs 42.97 crore in Q4FY25 compared to Q4FY24. In its standalone annual results, the net sales increased by 424 per cent to Rs 297.51 crore and the net profit increased by 574 per cent to Rs 32.21 crore in FY25 compared to FY24. For the consolidated annual results (FY25), the company reported net sales of Rs 548.76 crore and net profit of Rs 69.65 crore.

Disclaimer: The article is for informational purposes only and not investment advice. 

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