FMCG Stock Locked In Lower Circuit: Cigarettes & Tobacco Company Nears Record Date For 1:10 Stock Split; Buy?

Elitecon International Ltd is listed on the Bombay Stock Exchange (BSE) and the Calcutta Stock Exchange (CSE). Since 2021, it has been producing and selling cigarettes, smoking mixture, Sheesha, and other tobacco-related products both domestically and internationally, including in the United Arab Emirates, Singapore, Hong Kong, and other European nations like the United Kingdom. As the company gets closer to the record date for a 1:10 stock split that will happen in six days, Elitecon International Ltd.'s shares wrapped up Thursday, June 19, on the BSE at a 5% lower circuit limit at Rs 519.85 per share, with a market capitalization of Rs 8,309.80 Cr.

Elitecon International Stock Split

In accordance with a regulatory filing, Elitecon International Limited has set Wednesday, June 25, 2025, as the record date for determining the legal right of equity shareholders for the purpose of subdivision or split existing equity shares of the company from one equity share with a face value of Rs. 10/-each fully paid-up into ten equity shares with a face value of Rs. 1/-each fully paid-up, as adopted by the company's members in an extraordinary general meeting held on Monday, June 02, 2025.

This implies that, without affecting the total value of their holdings, shareholders who owned shares on the record date will get 10 additional shares for every share they currently own. Usually, this action is made in order to boost the marketability and liquidity of the company's shares.

Elitecon International News

"Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby inform you that the Registered Office of the Company has been shifted from Building No. 5, 2nd Floor, Park End, Vikas Marg, Preet Vihar, Delhi-110092 to AltF 101, TR-442, Okhla - 4th Floor, 101, NH-19, CRRI, Ishwar Nagar, Okhla, Tugalkabad, South Delhi, Delhi, India -110044 with effect from June 17, 2025," Elitecon International confirmed in a regulatory filing.

Elitecon International Financials

From Rs 6.30 crore in the March 2024 quarter to Rs 12.21 crore in the March 2025 quarter, Elitecon International's net profit increased by 93.81%. Sales in the quarter ending in March 2025, or Q4FY25, climbed 170.65% to Rs 120.41 crore from Q4FY24, which ended in March 2024, when they were Rs 44.49 crore. Despite an almost 89.3% jump in EBITDA to Rs 12.89 cr, the operating margin for the quarter was just around 10%.

In the financial year ended in March 2025, the net profit for the whole year increased 573.85% to Rs 32.21 crore, up from Rs 4.78 crore in the fiscal year that ended in March 2024. Sales in FY25 were Rs 297.51 crore, up 423.60% from FY24's year-end sales of Rs 56.82 crore.

Elitecon International Share Price Target

"EliteCon stock price is bearish on the Daily charts with strong resistance at 600. A Daily close below support of 496 could lead to a target of 422 in the near term," commented A R Ramachandran, independent research analyst.

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