Elitecon International Ltd
NSE: ELITECON BSE: 539533
Incorporated in 1987, Elitecon International Ltd is in the business of tobacco and allied products[1]
₹29
52W: ₹28.6 — ₹423
PE 74.5 · Book ₹1.01 · +2771% vs bookMarket Cap₹4,640 Cr
Stock P/E74.5Price to Earnings
ROCE33%Return on Capital
ROE124%Return on Equity
Div. Yield0.17%Face Value ₹1
Strengths
- +Company has reduced debt.
- +Company has delivered good profit growth of 403% CAGR over last 5 years
Weaknesses
- −Stock is trading at 28.6 times its book value
- −Tax rate seems low
- −Company might be capitalizing the interest cost
- −Promoter holding has decreased over last 3 years: -31.1%
Shareholding Pattern
Promoters59.43%
FIIs38.04%
DIIs0%
Public2.53%
| Category | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters | 75% | 75% | 75% | 60%▼15.0 | 59.5%▼0.5 | 59.43%▼0.1 | 59.43% | 59.43% |
| FIIs | 15.49% | 15.49% | 15.49% | 38.3%▲22.8 | 38.26%▼0.0 | 38.21%▼0.0 | 38%▼0.2 | 38.04%▲0.0 |
| DIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 9.51% | 9.51% | 9.51% | 1.7%▼7.8 | 2.25%▲0.6 | 2.36%▲0.1 | 2.57%▲0.2 | 2.53%▼0.0 |
Financial Statements
| Metric | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 3.22 | 9.83 | 44.49 | 49.56 | 79.13 | 48.4 | 120.41 | 199.23 | 504.9 | 502.73 |
| Expenses | 1.29 | 9.59 | 37.51 | 44.63 | 70.92 | 41.97 | 108.33 | 178.37 | 482.72 | 487.99 |
| Operating Profit | 1.93 | 0.24 | 6.98 | 4.93 | 8.21 | 6.43 | 12.08 | 20.86 | 22.18 | 14.74 |
| OPM % | 59.94% | 2.44% | 15.69% | 9.95% | 10.38% | 13.29% | 10.03% | 10.47% | 4.39% | 2.93% |
| Net Profit | 1.25 | -0.24 | 6.3 | 4.54 | 8.84 | 6.62 | 12.21 | 20.41 | 20.2 | 9.54 |
| EPS ₹ | 1.03 | -0.2 | 5.21 | 3.75 | 7.31 | 5.47 | 0.08 | 0.13 | 0.13 | 0.06 |
AI Insights
Revenue Trend
TTM revenue at ₹1,327Cr, up 345.3% YoY. OPM at 5%.
Debt Position
Borrowings at ₹63Cr. Debt-to-equity ratio: 31.50x. High leverage — monitor closely.
Institutional Flow
DIIs: 0% (+0.00pp change). FIIs: 38.04% (+38.04pp change). Promoters hold 59.43%.
Margin & Efficiency
ROCE improving from 2% (Mar 2014) to 33% (Mar 2025). Working capital days: 116.
Valuation
PE 74.5x with 33% ROCE. Price is 2771% above book value of ₹1.01. Dividend yield: 0.17%.
Recent Announcements
- Announcement under Regulation 30 (LODR)-Change in Management 29 Apr - Board appointed Kumar Anubhav Upadhyay as Executive Additional Director; Vipin Sharma resigned as Managing Director on April 29, 2026.
- Announcement under Regulation 30 (LODR)-Press Release / Media Release 29 Apr - Elitecon targets ₹20,000 crore FMCG revenue by FY30, planning ₹700 crore expansion and 5,000 distributors.
- Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order 16 Apr - Elitecon wins two-year international supply contract worth INR 2.02 billion from Bozza Tobacco.
- Reason For Delay In Disclosing The Material Events Of Company Under Regulation 30 Of The SEBI (LODR) Regulations, 2015 (LODR). 11 Apr - DGGI issued GST show cause notice on April 7, 2026, proposing ₹221.89 crore tax demand plus ₹129.18 crore interest/penalty.
- Disclosure Under Regulation 30 Read With Schedule III Of SEBI (Listing Obligation And Disclosure Requirements) Regulations, 2015 10 Apr - DGGI issued GST show cause notice on April 7, 2026, proposing ₹221.89 crore tax and ₹129.18 crore interest/penalty.
- Financial Year 2025 from bse
- Financial Year 2024 from bse
- Financial Year 2023 from bse