Low Debt To Equity Ratio Stock In Spotlight On New Partnerships & Good Financial Performance

Cellecor Gadgets Limited's shares increased by 3.5% on Thursday, reaching a share price of Rs 60.90, compared to Rs 58.85 at the previous close. The shares are trading at a 52 week high of Rs 81.50, with a low value of Rs 15.04 per share giving evidence to the share's interest in the market.

One of the fastest-growing electronics brands in India, Cellecor Gadgets Private Limited has recently collaborated with Zetwerk, a prominent electronics manufacturer to develop a new product line of Google TV QLED, and Mini LED Smart TVs. This partnership is consistent with Cellecor's aim of building culturally relevant, technologically advanced products for Indian users. New Smart TVs will be produced at Zetwerk's Winsharp Electronics Pvt Ltd., a fully owned subsidiary that boasts superior infrastructure, advanced research and development guidance, and global compliance standards. It also strengthens Cellecor's pledge to enhance local manufacturing capabilities and the high quality of consumer electronics in coordination with the Government of India's Make in India initiative.

Having years of industry knowledge as well as a well built supplier network, Winsharp Electronics Private Limited is a leader in the manufacturing of consumer electronics and provides customized OEM and ODM services. Its sophisticated research and development facilities ensure world class products. In addition to obtaining ISO and SMETA/SEDEX, the organization is compliant with other international quality and safety regulations. It aims to improve supply chain management and minimize lead times.

In order to broaden its scope, Cellecor Gadgets Limited has enhanced its capital base through both debt and equity financing. The company recently implemented an issue of 1010 Series RX5 debentures with a face value of rupees 100000 each, raising an aggregate of 10.10 crores. These unlisted secured partly paid redeemable debentures are being offered via a private placement and have an interest rate of 15.25% per annum which is paid on a monthly basis. Part of the guarantee of these debentures is personal guarantees by the directors of the company.

Cellecor's net sales increased by 103 % to rupees 425.71 crores in H1FY25 which led to a recorded profit before tax of 19.67 crore as opposed to the profited 14.62 crore of s the formerly discussed H1FY24. For FY 2024, Cellecor achieved increased figures in profits and sales with a net revenue of 500.45 crore, 20.71 crore in profits before tax, and 16.09 crore in profits.

Stock Split: The split is 10 for 1, meaning that all the stocks were consolidated into ten times the existing stock count. Each equity share of the company originally valued at Rs 10 was split into ten equity shares valued at Re 1 each. The split record date was August 9, 2024.

Cellecor Gadgets Ltd. started in the year 2010 and is well known as an Indian brand that sells affordable consumer electronics such as Smart TVs, mobile phones, smartwatches, earphones, and other electronic accessories. The company makes the products externally and sells through more than 900 distributors, 25,000 retail shops, and 1,200 service centers in over 28 states. It operates primarily in Uttar Pradesh, West Bengal, and Gujarat. With effective expansion plans and strong growth in revenues, Cellecor is set to grow significantly in the Indian market for consumer electronics.