Tobacco Multibagger Elitecon Locked in Upper Circuit on December 16; Here’s Why
DSIJ Intelligence-1Categories: Multibaggers, Trending
On Tuesday, shares of Elitecon International Ltd (EIL) hit a 5 per cent upper circuit to an intraday high of Rs 120.58 per share from its previous closing of Rs 114.84 per share.
On Tuesday, shares of Elitecon International Ltd (EIL) hit a 5 per cent Upper Circuit to an Intraday high of Rs 120.58 per share from its previous closing of Rs 114.84 per share. The stock’s 52-week high is Rs 422.65 per share and its 52-week low is Rs 8.34 per share.
Elitecon International Limited has announced a major win with a long-term international supply contract valued at USD 97.35 million (approximately Rs 8,750 crore) from Yuvi International Trade FZE, an international entity. This two-year agreement is a crucial step in the company's global expansion and export-led growth strategy, covering the supply of cigarettes, premix sheesha, hookah tobacco and other tobacco-allied products. The contract significantly strengthens Elitecon’s presence, particularly in key Middle Eastern markets where demand for regulated tobacco products is robust. Management noted that the order was secured in the normal course of business, underscoring the company’s strong manufacturing capabilities, product acceptance and reliable export relationships.
The long-term nature of this agreement is particularly beneficial as it provides Elitecon with clear revenue visibility, enabling efficient production planning, improved capacity utilisation and optimised working capital cycles. This is expected to deliver stable export earnings, reduce business volatility and support scalable growth throughout the contract period. By securing this substantial order, Elitecon International is entering a phase of enhanced earnings visibility and operational scale, aligning with its strategy of building a sustainable, export-oriented business model and positioning the company favourably for repeat business and long-term global partnerships.
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.
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.
The company has a market cap of over Rs 19,000 crore. The stock has given multibagger returns of 1,346 per cent from its 52-week low of Rs 8.34 per share and a whopping 11,385 per cent in 3 years.
Disclaimer: The article is for informational purposes only and not investment advice.