Consumer electronics company plans Rs 250 crore fundraise, Rs 1,000 crore borrowing, targets Rs 5,000 crore sales in 3-4 years
DSIJ Intelligence-1Categories: Multibaggers, Trending
The stock is up 35.2 per cent from its 52-week low of Rs 27 per share and has given multibagger returns of 260 per cent since its listing on NSE in September 2023.
The Board of Directors of Cellecor Gadgets Limited, meeting on July 8, 2025, reaffirmed its ambitious strategic goal of achieving Rs 5,000 crore in sales within the next 3-4 years. This target is underpinned by a projected 50 per cent annual growth rate, aiming to solidify the company's market leadership and generate sustained value. To enable this aggressive expansion, the Board reviewed its execution roadmap and approved several critical proposals, contingent upon necessary regulatory and shareholder approvals.
Foremost among these approvals is the decision to raise up to Rs 250 crore through various methods, including QIPs, FCCBs, Depository Receipts, Convertible Instruments, or preferential allotment/private placement. This new resolution supersedes an earlier in-principle approval from April 17, 2025, which aimed to raise approximately Rs 100 crore. Additionally, the Board approved an increase in the company's Authorised Share Capital from Rs 22.50 crore to Rs 30 crore, necessitating a consequential amendment to the Capital Clause of the company's Memorandum of Association.
Further approvals include authorising the company to borrow up to Rs 1,000 crore under Section 180(1)(c) of the Companies Act, 2013, and to secure such borrowings under Section 180(1)(a) of the same Act, with the total secured amount not exceeding Rs 1,000 crore. To facilitate these decisions, the Board resolved to seek member approval via postal ballot, approving the draft notice and appointing CS Anu Malhotra as Scrutinizer. The cut-off date for dispatch and e-voting was fixed as July 4, 2025.
DSIJ’s 'multibagger Pick’ service recommends well researched multibagger stocks with High Returns potential. If this interests you, do download the service details here.
About the Company
Cellecor Gadgets Limited began its journey in 2012 as M/s Unity Communications, a proprietorship firm founded by Mr. Ravi Agarwal, focusing on selling electronics under its brand. The company has since grown into a prominent name in the consumer electronics industry, known for its commitment to providing affordable, quality products. Cellecor achieves this through a sustainable business strategy that synergises, combining electronic product demand with a modern approach to sourcing, production, and marketing. Today, their diverse product range includes mobile phones, smart TVs, various audio devices, smartwatches, and home appliances.
Results: According to half-yearly results, the net sales increased by 106 per cent to Rs 600.23 crore, Profit before tax (PBT) increased by 79 per cent to Rs 21.76 crore and net profit increased by 79 per cent to Rs 16.28 crore in H2FY25 compared to H2FY24. In its annual results, the net sales increased by 105 per cent to Rs 1,025.95 crore, Profit before tax (PBT) increased by 91 per cent to Rs 41.43 crore and net profit increased by 92 per cent to Rs 30.90 crore in FY25 compared to FY24.
The company's shares have an ROE of 25 per cent and an ROCE of 24 per cent. As of March 2025, the promoters own 49.64 per cent of the company, FIIs own 3.27 per cent, DIIs own 0.28 per cent and the public owns 46.81 per cent. The stock is up 35.2 per cent from its 52-week low of Rs 27 per share and has given multibagger returns of 260 per cent since its listing on NSE in September 2023.
Disclaimer: The article is for informational purposes only and not investment advice.