Elitecon International share price jumped nearly 5% on Friday, ending its five-day losing streak. Elitecon International shares gained as much as 4.79% to ₹146.50 apiece on the BSE.
The rally in Elitecon International share price today comes after five consecutive sessions of losses. The stock declined more than 18% in the past five sessions.
Trading volumes in the stock also surged. Around 4 lakh equity shares of Elitecon International changed hands on stock exchanges as against its previous session’s trading volume of 3 lakh shares.
The company recently announced its financial results for the second quarter of FY26, and also declared an interim dividend.
Elitecon International Q2 Results
Elitecon International reported a consolidated net profit of ₹101.87 crore in Q2FY26 as against a profit of ₹183.61 crore in the same quarter last fiscal year.
The company’s revenue from operations in the quarter ended September 2025 was at ₹2,195.86 crore as compared to ₹3,739.87 crore, year-on-year (YoY).
Elitecon International Dividend
The board of directors of Elitecon International declared an Interim Dividend of Re. 0.05 per equity share of Re 1 each for the financial year 2025-26.
Elitecon International dividend record date was November 12, Wednesday, for the purpose of ascertaining the name of members entitled to receive the Interim Dividend on Equity shares for the Financial Year 2025-26.
Elitecon International Share Price Performance
Elitecon International share price has fallen over 11% in one month and has declined 54% in three months. However, Elitecon International shares have jumped by 300% in six months, and a staggering 1,300% on a year-to-date (YTD) basis. The stock delivered multibagger returns of 13,800% in three years and 14,500% in the past five years.Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
# 300% Rally in Six Months! Multibagger Dividend Stock Jumps 5% – Elitecon International's Volatile Triumph
**Posted on November 14, 2025
In the wild world of penny-to-powerhouse stocks, Elitecon International Ltd is scripting a saga that's equal parts thrill and cautionary tale. Shares of this tobacco exporter surged nearly 5% on Friday, clawing back from a brutal five-day skid that erased 18% of value. Trading at ₹146.50 intraday (up 4.79% from previous close), the multibagger – which has minted 300% gains in six months and a mind-bending 14,500% over five years – saw volumes double to 4 lakh shares. But with a recent 54% three-month plunge, is this a dead-cat bounce or the start of another leg up? As ex-dividend dust settles, let's decode the numbers, the nicotine-fueled business, and why this ₹22,000 Cr midcap remains a high-stakes bet.
## The Surge Snapshot: From Slump to Spike
Elitecon's Friday pop snapped a losing streak amid broader market jitters, but the real story is its bipolar chart: Explosive long-term returns masking short-term volatility. The stock has shed 11% in the past month, yet it's up 1,300% year-to-date (YTD) – a classic multibagger trait where early birds feast and latecomers flinch.
Key performance metrics at a glance:
| Metric | Value | YoY/Period Change |
|-------------------------|------------------------|-----------------------|
| **Current Price** | ₹146.50 (intraday high)| +4.79% (Nov 14) |
| **Market Cap** | ₹22,219 Cr | +2,388% (1 year) |
| **6-Month Return** | +300% | N/A |
| **3-Year Return** | +13,800% | N/A |
| **5-Year Return** | +14,500% | N/A |
| **1-Month Return** | -11% | N/A |
| **3-Month Return** | -54% | N/A |
| **Trading Volume** | 4.3 lakh shares | +43% (vs prev day) |
*Data as of Nov 14, 2025; Sources: BSE, Livemint*
## Q2 FY26: Profits Dip, But Dividend Delights
Elitecon's unaudited Q2 results (July-Sep 2025), released alongside the rally, showed a mixed bag. Consolidated revenue tumbled 41% YoY to ₹2,196 Cr from ₹3,740 Cr, hit by export headwinds and raw material costs in the tobacco trade. Net profit followed suit, sliding 45% to ₹102 Cr (EPS: ₹0.56), though TTM figures hold stronger at ₹3,124 Cr revenue and ₹246 Cr profit.
The silver lining? A modest interim dividend of Re 0.05 per share (5% on ₹1 face value), declared on Nov 5 with a record date of Nov 12 – just in time for the ex-date buzz to fuel today's jump. Payout ratio clocks in at ~0.3% of TTM earnings, signaling confidence despite the quarterly dip.
Core ratios reveal a frothy valuation:
| Financial Metric | Value | Notes |
|------------------------|------------------------|----------------------|
| **PE Ratio (TTM)** | 93.7 | Elevated vs sector ~40 |
| **PB Ratio** | 66.3 | Trading at 66x book value |
| **ROE (Recent)** | ~140% (FY25 est.) | High but volatile |
| **Debt/Equity** | 10.3x | Elevated leverage |
| **Promoter Holding** | 59.4% | Down 31% in 3 years |
| **TTM EPS** | ₹1.56 | Up from ₹0.06 in FY24 |
*TTM as of Sep 2025; Screener.in*
Growth story? Compounded sales CAGR: 83% over 10 years; profit CAGR: 117%. But Q2's contraction underscores export dependency on markets like UAE, Singapore, and the UK.
## What's Driving Elitecon? Tobacco Exports Meet Expansion Ambitions
Founded in 1993 and listed since 2015, Elitecon is a Kolkata-based player in manufacturing and exporting tobacco products – think cigarettes, bidis, and chewing variants for global palates. With facilities in West Bengal, it caters to a niche but lucrative international demand, shipping to high-margin destinations.
The multibagger magic? A post-pandemic export boom, fueled by supply chain shifts from China, catapulted revenues from ₹10 Cr in FY20 to ₹3,000 Cr+ today. Management's eyeing diversification into snuff, matchsticks, and pipes – a bid to blunt regulatory risks in tobacco. Friday's volume spike hints at retail FOMO post-dividend, but X chatter tempers hype: Traders flag the lofty PE (projected 85x even on FY26 EPS of ₹2) and GST show-cause notices totaling ₹410 Cr pending adjudication.
## Risks: Volatility, Valuations, and Regulatory Clouds
This isn't your sleepy dividend aristocrat – Elitecon's a rollercoaster. Sky-high PB screams overvaluation, while a 10x debt-to-equity ratio amplifies interest rate sensitivity. Promoter holding erosion raises governance eyebrows, and tobacco's sin-tax stigma could cap upside amid global anti-smoking pushes. Recent GST probes (₹387 Cr + ₹22 Cr) add litigation overhang, potentially denting cash flows.
Analysts (sparse coverage) peg a cautious target of ₹160-180 in 12 months, betting on export recovery but urging 20-30% portfolio caps for risk-averse folks.
## Bottom Line: Multibagger Magic or Momentum Mirage?
Elitecon's 5% sprint is a reminder of its DNA: Eye-popping returns for the bold, gut-checks for the faint-hearted. With dividends trickling in and expansion whispers, it could reignite the 300% rocket – but only if Q3 stabilizes revenues. For dividend hunters, the 5% yield (annualized ~0.03% at current prices) is token; this is pure growth porn.
DYOR, set stops, and remember: Tobacco burns bright, but it can scorch. What's your play on Elitecon – buy the dip or bail on the volatility? Hit the comments.
*Not financial advice. Trading involves risks; consult pros.*
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**Sources:**
- [1] Livemint Q2 & Jump Coverage
- [2-3] Screener.in & Moneycontrol Financials
- [4] X Trader Buzz
Tune in for more midcap movers! 🚀
