Elitecon International Stock Jumps After Order Book Update: 1000% YTD Return!

Shares of Elitecon International surged on Monday, December 15, hitting a 5% upper circuit at ₹114.84 after the company announced a significant export contract. The multi-bagger stock has already delivered a 1000% return year-to-date.

The company disclosed that it has secured a two-year supply agreement with Yuvi International Trade FZE, based in the United Arab Emirates. This contract, valued at $97.35 million (approximately ₹875 crore), covers the supply of cigarettes, premix sheesha, hookah tobacco, smoking mixtures, and other related tobacco products. The agreement includes a one-year lock-in period, ensuring consistent export volumes throughout its duration.

According to Elitecon International, this new deal will boost the company's capacity utilization and improve manufacturing and logistics planning. The company also stated that it will strengthen its position in Middle Eastern markets, where demand for tobacco-related products remains strong.

Vipin Sharma, Managing Director of Elitecon International, emphasized that this long-term order reflects the continued global demand for their product portfolio. He added that the contract provides steady export visibility and supports efficient operations, aligning with the company's long-term growth strategy.

The company's filing clarified that its wholly-owned subsidiary, Golden Cryo Private Limited, is authorized to manufacture, store, handle, and ship products on behalf of Elitecon International under the terms of this agreement. The contract is set to take effect on January 1, 2026, and will remain in effect for two years, unless terminated earlier.

**Strong Q2 Results**

Elitecon International also reported strong financial results for the second quarter of fiscal year 2026. Net sales increased by 318% to ₹2,192.09 crore, while net profit rose by 63% to ₹117.20 crore compared to the first quarter of the same fiscal year. For the first half of FY26, sales jumped 581% to ₹3,735.64 crore, and net profit increased by 195% compared to the first half of FY25.

**Stock Performance**

While the stock has delivered significant returns over the past year, recent months have seen some volatility. The stock is up 33% in December so far, recovering from losses of 42% in November, 23% in October and 41% in September. Over the last one year, the stock has rallied over 1,200%, including the 1000% YTD gain. That said, the reality is a bit more complicated. it has been under pressure recently, declining 38% in the past three months and 15% in the last month.