Promoters sold 15,00,000 shares & FIIs sold 5,94,465 shares: Multibagger stock hit 30 consecutive upper circuits; An investment of Rs 1 lakh turns Rs 1.76 crore!

On Thursday, shares of Elitecon International Ltd (EIL) hit a 5 per cent upper circuit to an all-time high of Rs 193.88 per share from its previous closing of Rs 184.65 per share. The stock also made a 52-week high of Rs 193.88 per share and its 52-week low is Rs 1.10 per share. This multibagger stock hit 30 consecutive upper circuits. An investment of Rs 1 lakh turns Rs 1.76 crore in less than 1 year.

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 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.

Due to unforeseen circumstances, the Board of Directors of the company, at their meeting on Friday, July 25, 2025, decided to postpone the agenda items until their next meeting on Friday, August 1, 2025. A key item on the agenda is the proposal to raise up to Rs 300 crore through a Qualified Institutions Placement (QIP), which will be subject to shareholder and regulatory approvals. Additionally, the Board will discuss other crucial matters, including the acquisition of an overseas business entity, the issuance of equity shares on a preferential basis, and the relocation of the company's registered office from Delhi to Maharashtra, all in compliance with relevant regulations.

The promoters sold 15,00,000 shares & FIIs sold 5,94,465 shares and decreased their stake in June 2025 compared to March 2025 (Number of shares is adjusted as stock split). 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 30,000 crore. The stock has given multibagger returns of 17,525 per cent from its 52-week low of Rs 1.10 per share.

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