Back-to-Back Upper Circuit in This Multibagger Stock Under Rs 75; Market Cap of Rs 11,656 Crore: Do You Own It?

On Tuesday, shares of Elitecon International Ltd (EIL) hit a 5 per cent Upper Circuit at Rs 73.19 per share. The stock has a 52-week high of Rs 422.65 per share and a 52-week low of Rs 15.95 per share. The shares of the company saw a Spurt in Volume by more than 1.01 times. In the recent trading sessions, the stock has been hitting back-to-back upper circuits.

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 such as the UK and plans to expand its offerings to include products like 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.

Elitecon International Ltd (EIL) is scaling up its financial and operational footprint, securing shareholder approval to hike borrowing limits to Rs 500 crore. In a push for long-term growth, the board has also been granted expanded authority to make investments and provide guarantees beyond standard limits. On the expansion front, EIL is initiating a strategic merger with Sunbridge Agro, Landsmill Agro, and Golden Cryo Private Limited. To lead this transformation, the company has appointed Deloitte as its Tax and transaction advisor. While the merger aims to optimise resources and boost earnings, final execution remains subject to NCLT and regulatory approvals.

The company has a market cap of Rs 11,656 crore. The stock has given multibagger returns of 359 per cent from its 52-week low of Rs 15.95 per share and a whopping 6,700 per cent in 3 years.

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