Elitecon Share Price In Focus: 1:10 Stock Split And Record Date Announced

Elitecon International's share price hit a 5% lower circuit on June 19. The company announced a 1:10 stock split with a record date of June 25, 2025.

Elitecon Share Price Performance on June 19

On Thursday, the share price of Elitecon International Ltd hit a 5%lower circuit to ₹519.85 per share from its previous closing of ₹547.20 per share. The stock’s 52-week high of ₹629.55 per share, and its 52-week low is ₹11.02 per share.

About Elitecon International 

Elitecon International Ltd is engaged in the manufacturing and trading of a wide range of tobacco and allied products, catering to both domestic and global markets. Its product portfolio includes smoking mixtures, cigarettes, pouch khaini, zarda, flavoured molesis tobacco, yummy filter khaini, and other tobacco-based items. 

With a strong international footprint spanning the UAE, Singapore, Hong Kong, and parts of Europe, including the UK, EIL aims to broaden its offerings to include chewing tobacco, snuff grinders, and match-related products. The company markets its products under brands such as “Inhale” for cigarettes, “Al Noor” for sheesha, and “Gurh Gurh” for smoking mixtures.

Elitecon Delivers Multibagger Returns

In the last month, the stock has gained over 42%, while in 3 months, the stock is up by 77.18%. On a year-to-date basis, the stock has given multibagger returns of 401.54%. Since August 2024, the stock has given a massive 4,617% return.

Elitecon Announces 1:10 Stock Split With Record Date Details

Elitecon International Limited has set Wednesday, June 25, 2025, as the Record Date for a stock split. On June 2, 2025, shareholders approved a stock split in the ratio of 1:10; this will subdivide every 1 equity share with a face value of ₹10 into 10 equity shares, each with a face value of ₹1.

History of Elitecon International’s Corporate Action

This is the first-ever stock split of the company. As part of its historical corporate actions in 2025, Elitecon International Ltd allotted 13,60,00,000 shares on January 2 through the conversion of warrants, followed by the allotment of 2,26,40,000 shares on January 3 on a preferential basis.

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Financial Performance Elitecon International 

For the financial year ended March 2025, Elitecon International Ltd reported sales of ₹549 crore and an operating profit of ₹69 crore, resulting in an operating profit margin of 13%. The company also posted a net profit of ₹70 crore for the year.

Disclaimer: The article is for informational purposes only and not investment advice.