The stock is up 34.3 per cent from its 52-week low of Rs 27 per share and has given multibagger returns of over 250 per cent since its listing on NSE in September 2023.
Cellecor Gadgets Limited announced on July 7, 2025, that its promoters have completed a strategic stake sale, divesting 8,895,000 equity shares through open market transactions. This transaction generated approximately Rs 35.35 crore, with the entire proceeds being reinvested into the company. The move aims to significantly strengthen Cellecor Gadgets Limited’s financial standing and accelerate its growth initiatives.
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The reinvestment of the ₹35.35 crore is structured in two key parts. Firstly, Rs 9.05 crore is being utilized for equity subscription, involving the conversion of 3,000,000 warrants into an equal number of equity shares. These shares were issued at a price of Rs 240.20 each, a conversion that was approved by shareholders on October 7, 2024. It is important to note that 25 per cent of this amount had already been paid when the warrants were initially issued. Secondly, the remaining ₹26.30 crore is being provided to the company as interest-free unsecured loans. These loans are characterized as quasi-capital, being long-term and non-withdrawable, and are intended to bolster working capital and support expansion efforts without imposing any interest burden on the company.
Cellecor Gadgets Limited highlighted that this substantial capital infusion is expected to fortify its balance sheet, reduce its dependence on external debt, and enhance overall financial flexibility. This will, in turn, enable the company to scale operations, drive innovation, and expand its market presence.
Mr. Ravi Agarwal, Managing Director and a key promoter of Cellecor Gadgets Limited, reiterated that the strategic stake sale and subsequent reinvestment underscore the promoters’ unwavering conviction and commitment to the company’s long-term trajectory. Their primary focus remains on building sustainable value and accelerating growth. Following the completion of the stake sale, the promoters’ equity holding in Cellecor Gadgets Limited now stands at 46.3 per cent. Their commitment is further evidenced by personal financial undertakings, including the mortgaging of assets to secure working capital. The company also reaffirmed its ambitious yet carefully calibrated journey toward achieving a Rs 5,000 crore sales target. This strategy involves balancing periods of rapid growth with more measured phases to ensure sustainable expansion. Having already surpassed the Rs 1,000 crore mark within two years of its listing, Cellecor Gadgets Limited is leveraging this strong foundation. The company projects that a 50 per cent annual growth rate over the next three to four years will firmly position it to reach the Rs 5,000 crore milestone, which is viewed not as a final destination but as a significant achievement in its broader growth journey. As it approaches this target, Cellecor Gadgets Limited is intensifying its efforts in innovation, enhancing its capabilities, and reinforcing its commitment to creating enduring value for all stakeholders.
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 34.3 per cent from its 52-week low of Rs 27 per share and has given multibagger returns of over 250 per cent since its listing on NSE in September 2023.
Disclaimer: The article is for informational purposes only and not investment advice.
