Penny stock in focus after it plans ₹250 Cr fundraise and ₹5,000 Cr sales target in next 3 years

Synopsis:
The company aims for ₹5,000 crore sales in 3–4 years, backed by strong financial growth, nationwide reach, and robust distribution. Strategic funding plans and rising profits reflect its expanding scale in India’s electronics market.

The shares of the electronic gadgets manufacturer gained up to 1 percent in today’s trading session after the company approved a strategic roadmap to achieve  Rs 5,000 crore sales in 3–4 years.

With a market capitalization of Rs 863.10 crore, the shares of Cellecor Gadgets Ltd were trading at Rs 36.00 per share, increasing around 0.42 percent as compared to the previous closing price of Rs 35.85 apiece.

The shares of Cellecor Gadgets Ltd have seen positive movement after the Board approved a strategic roadmap to achieve  Rs 5,000 crore sales in 3–4 years. Key decisions include raising up to  Rs 250 crore via various instruments, increasing authorized share capital to  Rs 30 crore, and borrowing limits up to  Rs 1,000 crore. The company will seek shareholders’ approval through a postal ballot.

Looking forward to the company’s financial performance, revenue increased by 41 percent from Rs 426 crore in H1FY25 to Rs 600 crore in H2FY25. Further, during the same time frame, net profit increased by 7 percent from Rs 15 crore to Rs 16 crore.

Also read: Infra stock jumps 5% after its subsidiary receives ₹384 Cr settlement from NHAI

Cellecor showcases strong operational depth with a network of 1,800+ distributors, 65,000+ retailers, and 2,000+ service centers. With 600+ SKUs and a 400+ member team, the company has achieved 4x revenue growth in three years, backed by 13 years of industry experience, highlighting its expanding scale and execution capabilities.

Cellecor has established its presence across 28 states and 2 Union Territories, including Delhi, Bihar, Madhya Pradesh, Maharashtra, Mizoram, Leh Ladakh, and the Andaman & Nicobar Islands. This widespread network ensures brand availability across diverse regions, enabling last-mile connectivity and accessibility in both urban and remote parts of India.

Cellecor Gadgets Ltd is an India-based company, which is engaged in the procurement, branding, and distribution of televisions, mobile phones, Smart wearables, mobile accessories, smart watches, and neckbands. The Company sells its products under its flagship brand CELLECOR.  

Written by Abhishek Singh

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