Multibagger Stock Under Rs 100 in Focus Company Proposes New Rs 1,250 Crore Investment and Borrowing Limits

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Multibagger Stock Under Rs 100 in Focus Company Proposes New Rs 1,250 Crore Investment and Borrowing Limits

The stock has given multibagger returns of 898 per cent from its 52-week low of Rs 9.97 per share and a whopping 9,000 per cent in 3 years.

Elitecon International Limited is seeking shareholder approval through Special Resolutions to significantly enhance its financial capabilities by increasing investment and loan limits under Section 186 to Rs 750 crore and expanding borrowing powers under Section 180(1)(c) to Rs 500 crore. Although the company’s current financial activities remain within statutory limits, the Board proposes these higher thresholds to secure greater operational flexibility, enable optimal financial structuring and support future business prospects through diverse funding sources, such as Banks and NBFCs. This expansion also includes authorising the Board to secure such borrowings by creating mortgages or charges on the company’s movable and immovable properties as required for smooth business functioning.

Earlier, the company secured a transformative two-year international supply contract valued at USD 97.35 million from Yuvi International Trade FZE for the export of cigarettes and tobacco-related products to the Middle East. This milestone agreement significantly bolsters the company’s global expansion strategy, ensuring clear revenue visibility and enabling optimised production and scalable growth through a sustainable, export-led business model.

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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 15,000 crore. The stock has given multibagger returns of 898 per cent from its 52-week low of Rs 9.97 per share and a whopping 9,000 per cent in 3 years.

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