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The company will hold a Board meeting on July 9, 2025, to consider raising Rs 300 crore via QIP and acquiring an international entity.
Elitecon International shares are up 6000% in 1 year.
Multibagger Stock: Elitecon International Limited will hold a meeting of its Board of Directors on Wednesday, July 9, 2025 to consider the fund raise of Rs 300 crore through Qualified Institutions Placement (QIP) and the acquisition of an international business entity.
The Board will also consider issuing equity shares on a preferential basis.
Funds raised through QIP route are expected to support the company’s expansion initiatives, including the proposed overseas acquisition.
Elitecon International has a market cap of Rs 12,276 crore.
Elitecon International Financials
For the fiscal year 2024-25, Elitecon International Limited reported a revenue of Rs 297.51 crores, with quarterly figures standing at Rs 120.41 crores for March 2025 and Rs 48.40 crores for December 2024. The net profit for the year reached Rs 32.21 crores, including Rs 12.21 crores in March 2025 and Rs 6.62 crores in December 2024.
The earnings per share (EPS) were Rs 8.09 for FY24-25, with Rs 0.77 in March 2025 and Rs 54.72 in December 2024. The cash EPS was Rs 2.13 for the fiscal year, while it stood at Rs 0.80 in March 2025 and Rs 57.74 in December 2024.
Elitecon International Share Price History
Elitecon International Ltd., a company incorporated in 1987 and operating in the tobacco and allied products sector, has experienced significant volatility and growth in its share price over recent years, transforming from a penny stock to a multibagger.
Elitecon International shares have given a whopping return of 6,881 per cent to investors as per Google Finance. The stocks are up from Rs 10.37 to Rs 76.80 apiece during the time being. Looking at the past five sessions, shares hit the 5% upper circuit for several times to gain 33 per cent.
Elitecon International Stock Split
Elitecon International executed a significant 10:1 stock split with the record date set for June 25, 2025. This corporate action involved subdividing each equity share with a face value of Rs 10 into 10 equity shares with a face value of Rs 1 each. The stock split was approved during a board meeting on May 15, 2025, alongside discussions on fundraising and potential overseas acquisitions, signaling the company’s strategic efforts to enhance shareholder value and market accessibility.
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Varun Yadav is a Sub Editor at News18 Business Digital. He writes articles on markets, personal finance, technology, and more. He completed his post-graduation diploma in English Journalism from the Indian Inst…Read More
Varun Yadav is a Sub Editor at News18 Business Digital. He writes articles on markets, personal finance, technology, and more. He completed his post-graduation diploma in English Journalism from the Indian Inst… Read More
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