From Rs 1.34 to Rs 82.25 per share: Multibagger stock hit upper circuit today; An investment of Rs 1 lakh turns Rs 61.38 lakh in 3 years!

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From Rs 1.34 to Rs 82.25 per share: Multibagger stock hit upper circuit today; An investment of Rs 1 lakh turns Rs 61.38 lakh in 3 years!

Investors who bought shares of Rs 1 lakh or 74,627 shares three years ago would now see their investment worth Rs 61.38 lakh.

On Thursday, shares of Elitecon International Ltd (EIL) hit a 5 per cent Upper Circuit to an Intraday high of Rs 82.25 per share. The stock has a 52-week high of Rs 422.65 per share and a 52-week low of Rs 17.95 per share. The company's shares have an ROE of 44 per cent. Investors who bought 74,627 shares worth Rs 1 lakh three years ago would now see their investment worth Rs 61.38 lakh.

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.

Elitecon International Ltd (EIL) demonstrated explosive financial growth in the first half of the 2026 fiscal year, characterised by a massive surge in top-line revenue. Quarterly Results show net sales climbed 318 per cent to Rs 2,192.09 crore, with net profit rising 63 per cent to Rs 117.20 crore compared to the previous quarter. This momentum is even more pronounced on a half-yearly basis; net sales skyrocketed by 581 per cent to Rs 3,735.64 crore, while net profit jumped 195 per cent to Rs 117.20 crore compared to the same period last year. This rapid scaling follows a conservative 2025 fiscal year, where the company reported annual net sales of Rs 548.76 crore and a net profit of Rs 69.65 crore.

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To sustain this trajectory, the company is aggressively restructuring its operational and capital framework. Shareholders have approved an increase in borrowing limits to Rs 500 crore, alongside expanded authority for the board to manage investments and guarantees. Central to its expansion strategy is a proposed merger with Sunbridge Agro, Landsmill Agro, and Golden Cryo Private Limited—a move designed to optimise resources and enhance long-term earnings potential. With Deloitte appointed as the Tax and transaction advisor, EIL is moving forward with the integration process, which currently awaits final regulatory and NCLT approvals.

The company has a market cap of over Rs 12,000 crore. The stock has given multibagger returns of 358 per cent from its 52-week low of Rs 17.95 per share and a whopping 7,000 per cent in 3 years.

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