---
title: "Elitecon International Ltd (539533) — Share Price, Financials & Analysis"
symbol: "539533"
company: "Elitecon International Ltd"
canonical: "https://tapetide.com/stocks/539533"
isin: "INE669R01026"
nse_symbol: "ELITECON"
bse_code: "539533"
sector: "Commercial Services"
industry: "Trading & Distributors"
market_cap_cr: 1294.79
generated_at: "2026-09-13T18:27:01.769Z"
---

# Elitecon International Ltd (539533)

Canonical page: https://tapetide.com/stocks/539533

## Company

- **NSE Symbol:** ELITECON
- **BSE Code:** 539533
- **ISIN:** INE669R01026
- **Sector:** Commercial Services
- **Industry:** Trading & Distributors
- **Macro Sector:** Fast Moving Consumer Goods
- **Stock Type:** EQUITY
- **Listed Since:** 2019-06-03
- **CEO:** Mr. Vipin Sharma
- **Employees:** 33
- **Face Value:** ₹1
- **F&O Eligible:** No
- **Website:** eliteconinternational.com

## About

Incorporated in 1987, Elitecon International Ltd is in the business of tobacco and allied products[1]

## Latest Price

- **Price:** ₹8.18
- **Change:** +0.38 (+4.87%)
- **Open:** ₹7.97
- **Day High:** ₹8.19
- **Day Low:** ₹7.96
- **Previous Close:** ₹7.8
- **Volume:** 13024169
- **As Of:** 2026-09-11T10:23:55+00:00

## Key Fundamentals

Observed at 2026-09-11T04:52:19.431382Z.

- **Market Cap:** ₹1294.79 Cr
- **Classification:** Microcap
- **P/E (reported):** 3.7
- **P/E (TTM):** 4.07
- **EPS (TTM):** ₹2.01
- **Book Value:** ₹2.16
- **Price to Book:** 3.61
- **Dividend Yield:** 0.64%
- **ROE:** 43.44%
- **ROCE:** 43.35%
- **Debt to Equity:** 0.02
- **Revenue (yearly):** ₹551.4 Cr
- **Net Income:** ₹69.6 Cr
- **EBITDA:** ₹71.6 Cr
- **52-Week High:** ₹46.4
- **52-Week Low:** ₹7.08
- **RSI (14):** 15.06

## Tapetide Score

- **Score:** 35 / 100
- **Score date:** 2026-09-04
- **Archetype:** Weak and Under Pressure
- **What it means:** Weak financials are the defining feature, and neither the valuation nor the trend reading is strong enough to offset them. Worth reading the risk flags and recent filings closely before anything else.
- **Pillar profile:** Quality: Weak · Valuation: Fair · Momentum: Falling
- **Percentile:** 6 (of 4473 scored stocks)
- **Confidence:** 87%
- **Data coverage:** 90%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 86.85 | 9.89% |
| momentum | 2.02 | 13.19% |
| ownership | 33.7 | 26.37% |
| quality | 35.59 | 24.18% |
| valuation | 53.35 | 26.37% |

The Tapetide Score is decision-support only, not investment advice.

## Key Insights

### Weaknesses

- Stock is trading at 3.78 times its book value
- Contingent liabilities of Rs.412 Cr.
- Promoter holding has decreased over last 3 years: -31.1%

## Growth Rates

| Metric | QoQ | 1Y | 3Y | 5Y |
| --- | --- | --- | --- | --- |
| cash flow growth | — | 72.73% | 98.68% | -100% |
| ebitda margin growth | -9.91% | 161.37% | 533.66% | — |
| net income growth | -11.6% | — | — | — |
| revenue growth | -20.35% | — | 651.35% | — |
| roce | -10.07% | — | — | — |
| roe | -11.63% | — | 14.01% | — |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Jun 2015 | Sep 2015 | Dec 2015 | Mar 2016 | Jun 2016 | Sep 2016 | Dec 2016 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 94 | 313 | 525 | 2192 | 1741 |
| Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 81 | 270 | 452 | 2038 | 1607 |
| Operating Profit | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 13 | 43 | 73 | 154 | 134 |
| OPM % | 8 | 5 | 0 | — | 16 | 0 | 33 | 14 | 14 | 14 | 7 | 8 |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 0 | 4 | 8 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 17 | 18 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 3 | 3 |
| Profit before tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 13 | 43 | 73 | 138 | 121 |
| Tax % | 33 | 50 | — | — | 25 | — | 50 | 0 | 0 | 1 | 15 | 14 |
| Net Profit | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 13 | 43 | 72 | 117 | 104 |
| EPS in Rs | — | 0.01 | 0 | 0 | 0.02 | 0 | 0.02 | 11.02 | 0.27 | 0.45 | 0.64 | 0.65 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2015 | Mar 2016 | Mar 2025 | TTM |
| --- | --- | --- | --- | --- |
| Sales | 1 | 1 | 549 | 4771 |
| Expenses | 1 | 1 | 480 | 4367 |
| Operating Profit | 0 | 0 | 69 | 404 |
| OPM % | 2.3 | 4.1 | 13 | 8 |
| Other Income | 0 | 0 | 3 | 12 |
| Interest | 0 | 0 | 0 | 35 |
| Depreciation | 0 | 0 | 2 | 6 |
| Profit before tax | 0 | 0 | 70 | 375 |
| Tax % | 40 | 50 | 0 | — |
| Net Profit | 0 | 0 | 70 | 336 |
| EPS in Rs | — | 0.03 | 0.44 | 2.01 |
| Dividend Payout % | 0 | 0 | 0 | — |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2015 | Mar 2016 | Mar 2025 | Sep 2025 |
| --- | --- | --- | --- | --- |
| Equity Capital | 1 | 1 | 160 | 160 |
| Reserves | 2 | 2 | 0 | 186 |
| Borrowings | 0 | 0 | 3 | 376 |
| Other Liabilities | 1 | 1 | 88 | 1188 |
| Total Liabilities | 4 | 4 | 251 | 1909 |
| Fixed Assets | 0 | 0 | 9 | 109 |
| CWIP | 0 | 0 | 8 | 0 |
| Investments | 0 | 0 | 0 | 0 |
| Other Assets | 4 | 4 | 233 | 1800 |
| Total Assets | 4 | 4 | 251 | 1909 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2015 | Mar 2016 | Mar 2025 |
| --- | --- | --- | --- |
| Cash from Operating Activity | -2 | 0 | 0 |
| Cash from Investing Activity | 0 | 0 | -20 |
| Cash from Financing Activity | 3 | 0 | 21 |
| Net Cash Flow | 0 | 0 | 1 |
| Free Cash Flow | -2 | 0 | -5 |
| CFO/OP | -7600 | -200 | 0 |

### Ratios

| Item | Mar 2015 | Mar 2016 | Mar 2025 |
| --- | --- | --- | --- |
| Debtor Days | 0 | 242 | 83 |
| Inventory Days | 167 | 120 | 33 |
| Days Payable | 0 | 45 | 60 |
| Cash Conversion Cycle | 167 | 317 | 56 |
| Working Capital Days | 635 | 890 | 93 |
| ROCE % | — | 1 | — |

## Shareholding Pattern

### Quarterly

| Category | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 90.49% | 75% | 75% | 75% | 75% | 75% | 60% | 59.5% | 59.43% | 59.43% | 59.43% | 59.43% |
| FIIs | 0% | 15.49% | 15.49% | 15.49% | 15.49% | 15.49% | 38.3% | 38.26% | 38.21% | 38% | 38.04% | 36.43% |
| DIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Government | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 8.13% | 8.13% | 8.13% | 8.13% | 8.2% | 7.4% | 1.21% | 1.44% | 1.54% | 1.96% | 2.07% | 3.13% |
| Others | 1.38% | 1.38% | 1.38% | 1.38% | 1.31% | 2.11% | 0.49% | 0.79% | 0.82% | 0.61% | 0.45% | 1.01% |
| No. of Shareholders | 462 | 464 | 464 | 464 | 479 | 484 | 938 | 4405 | 45047 | 62902 | 68751 | 79969 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Strong Sell
- **Buy / Neutral / Sell:** 5 / 2 / 12

### Moving Averages — summary: **Strong Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 8.77 | Sell |
| EMA (10) | 9.09 | Sell |
| SMA (20) | 11.76 | Sell |
| EMA (20) | 11.11 | Sell |
| SMA (50) | 15.7 | Sell |
| EMA (50) | 16.2 | Sell |
| SMA (100) | 23.72 | Sell |
| EMA (100) | 26.66 | Sell |
| SMA (200) | 48.93 | Sell |
| EMA (200) | 44.25 | Sell |

### Oscillators — summary: **Strong Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 19.52 | Buy |
| MACD (12,26,9) | -2.65 | Sell |
| Stochastic (14,3,3) | 6.9 | Buy |
| ADX (14) | 42.18 | Buy |
| Williams %R (14) | -86.9 | Buy |
| ATR (14) | 0.86 | High Volatility |
| ROC (12) | -33.98 | Sell |
| Stoch RSI (14) | 66.25 | Neutral |
| UO (7,14,28) | 23.67 | Buy |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 9h - Susanta Kumar Panda resigned as Independent Director effective April 2, 2026. | [Announcement under Regulation 30 (LODR)-Resignation of Director 9h - Susanta Kumar Panda resigned as Independent Director effective April 2, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/a614c469-186b-41e3-919c-1be1d5b24089.pdf) |
| 9h - CFO Sachin Ashokrao Sabale resigned effective April 3, 2026. | [Announcement under Regulation 30 (LODR)-Resignation of Chief Financial Officer (CFO) 9h - CFO Sachin Ashokrao Sabale resigned effective April 3, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/882fe2e9-0893-4b5d-8d63-19e3b5ccbd80.pdf) |
| 9h - Anjali Bamboria resigned as independent director effective April 3, 2026. | [Announcement under Regulation 30 (LODR)-Resignation of Director 9h - Anjali Bamboria resigned as independent director effective April 3, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/22f291b4-95b8-4e74-8ee6-b0000e122da4.pdf) |
| 9 Apr - Company says recent share volume spike is market-driven; no undisclosed material information. | [Reply To Volume Movement Letter Received From BSE Limited ('The Exchange') To Elitecon International Limited ('The Company') 9 Apr - Company says recent share volume spike is market-driven; no undisclosed material information.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/6d68571c-b482-4478-a72f-8b66e2d6f6e1.pdf) |
| 7h - Four resignations announced on April 8, 2026: two independent directors, CFO, and company secretary. | [Board Meeting Outcome for Outcome Of Board Meeting Of The Elitecon International Limited ('The Company') Dated April 08, 2026 7h - Four resignations announced on April 8, 2026: two independent directors, CFO, and company secretary.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/889e3430-74b1-4191-be7e-301210198386.pdf) |
| 7h - Feb 27: Executive Director resigned; SAPL acquisition troubled—31.25% funded, 44.99% shares encumbered; legal advisors appointed. | [Announcement under Regulation 30 (LODR)-Resignation of Director 7h - Feb 27: Executive Director resigned; SAPL acquisition troubled—31.25% funded, 44.99% shares encumbered; legal advisors appointed.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/549ddf63-63a9-4c95-af70-d7ed96cfbda2.pdf) |
| 7 Mar - Board approved unaudited standalone and consolidated results for quarter and nine months ended Dec 31, 2025. | [Financial Results For The Quarter And Nine Months Ended December 31, 2025. 7 Mar - Board approved unaudited standalone and consolidated results for quarter and nine months ended Dec 31, 2025.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/23d29eab-71c5-4028-a53b-76d7c61f9c4e.pdf) |
| 7 Mar - Board approved standalone and consolidated unaudited results for quarter and nine months ended Dec 31, 2025; limited review attached. | [Board Meeting Outcome for Outcome Of The Board Meeting Held On March 07, 2026. 7 Mar - Board approved standalone and consolidated unaudited results for quarter and nine months ended Dec 31, 2025; limited review attached.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/934d0524-ea7f-4dbe-b7e7-069c207feb1b.pdf) |
| 6 Feb - BSE approved reclassification of six promoters to public (approval dated Nov 06, 2025); each holds 0 shares. | [Disclosure Under Regulation 30 & 31A Of SEBI (LODR) Regulations, 2015 By Elitecon International Limited ('The Company') 6 Feb - BSE approved reclassification of six promoters to public (approval dated Nov 06, 2025); each holds 0 shares.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/fda1ad09-af51-4d3f-959f-543d15809126.pdf) |
| 29 Apr - Elitecon targets ₹20,000 crore FMCG revenue by FY30, planning ₹700 crore expansion and 5,000 distributors. | [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.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/f2f65d15-f64b-47d6-9bba-0d4e6ce2e30e.pdf) |

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-09-10 | [Disclosure Under Regulation 30 Of SEBI (LODR) Regulations 2015 - BSE Communication Regarding SOP Fines](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=06b801c9-e213-4fd3-a972-cdc03f6b612b.pdf) |
| 2026-09-04 | [Announcement Under Reg 30 Of SEBI[LODR] Regulations 2015 - Approval For Extension Of Time For Holding The AGM](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=d463b95b-065f-4edf-b5a6-5c9232363c18.pdf) |
| 2026-08-18 | [Announcement under Regulation 30 (LODR)-Press Release / Media Release](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=15035725-5f77-45e2-9d21-8fd06bf3b939.pdf) |
| 2026-08-14 | [Board Meeting Outcome for Outcome Of The Board Meeting Held On August 14 2026 Under Regulation 30 Of SEBI (LODR) Regulations 2015](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=baee6a38-30dd-4edd-93e9-2afe112b8fb3.pdf) |
| 2026-08-12 | [Announcement Under Regulation 30- Resignation Of Secretarial Auditor](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=7a89b78f-33b0-4a10-8ed9-fc76ff0a0a98.pdf) |
| 2026-08-12 | [Announcement under Regulation 30 (LODR)-Cessation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=58049d30-ca91-46de-bec0-3ea0cd7917dc.pdf) |
| 2026-07-29 | [Announcement under Regulation 30 (LODR)-Cessation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=0079b80c-1d69-48cd-9726-60ad94051d37.pdf) |
| 2026-07-27 | [Announcement under Regulation 30 (LODR)-Press Release / Media Release](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=78e81959-f1f5-454e-a601-5e37776baf0a.pdf) |
| 2026-07-22 | [Announcement under Regulation 30 (LODR)-Resignation of Director](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=78f31f7b-6b5d-44e2-afe3-917e39377fb4.pdf) |
| 2026-07-22 | [Board Meeting Outcome for Appointment Of Executive Additional Director As Follows: 1. Mr. Vipin Sharma 2. Mr. Pradeep Kumar](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=1541272d-9682-41e0-b83a-b8c154ab310e.pdf) |

### Results & Financial Statements

| Date | Document |
| --- | --- |
| 2026-06-16 | [Clarification Regarding Delay In Submission Of Audited Financial Results For The Quarter And Financial Year Ended March 31 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=1f9f5030-7916-4d5c-9e85-f526adca9404.pdf) |
| 2026-06-11 | [Results-Delay in Financial Results](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=1b2ab7b6-2fda-40b7-b400-86ec316a451c.pdf) |
| 2026-03-07 | [Financial Results For The Quarter And Nine Months Ended December 31 2025.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=23d29eab-71c5-4028-a53b-76d7c61f9c4e.pdf) |
| 2026-02-13 | [Results-Delay in Financial Results](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=7dd0a9ce-39df-4512-9481-e889aba23a7e.pdf) |
| 2025-11-05 | [Financial Results](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=5285c26e-aa48-4727-98c0-4a09c2ae2c69.pdf) |
| 2025-08-12 | [Results - Financial Results For June 30 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=969d9be7-7b15-498c-a9e5-8e462cdcd7d5.pdf) |
| 2025-05-27 | [Outcome Of Board Meeting Of Elitecon International Limited Held On Tuesday May 27 2025.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=d595646c-2ca5-4bdb-a8b7-ba9b5fc98a43.pdf) |
| 2024-11-14 | [Outcome Of The Board Meeting Held On November 14, 2024.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=73bb043a-f5ce-470d-9b8d-824dbf64e27e.pdf) |
| 2024-08-13 | [Outcome Of The Board Meeting Held On August 13, 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=f74940f2-7c21-4b24-9cdc-b3132a5e5b9f.pdf) |
| 2024-07-01 | [Outcome Of The Board Meeting Held On May 28, 2024 (Which Was A Continuation Of Meeting Held On May 24, 2024).](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=616a7a5c-9c19-4e17-aa5f-d084cdec65ba.pdf) |

### Investor Presentations

| Date | Document |
| --- | --- |
| 2025-08-12 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=ba2f6213-caa0-406b-8789-dbc6e59f8525.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Aug 2025 | [Concall - Aug 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/ba2f6213-caa0-406b-8789-dbc6e59f8525.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Financial Year 2013 from nse](https://archives.nseindia.com/annual_reports/AR_3076_NOVOPANIND_2012_2013_09122013115714.zip) |
| from nse | [Financial Year 2011 from nse](https://archives.nseindia.com/annual_reports/AR_NOVOPANIND_2010_2011_27022012023740.zip) |
| from nse | [Financial Year 2010 from nse](https://archives.nseindia.com/annual_reports/AR_NOVOPANIND_2009_2010_02022011192655.zip) |
| from bse | [Annual Report 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/e1d91071-4f4e-469e-b611-eea57ea71347.pdf) |
| from bse | [Annual Report 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/f603989b-1d1e-4bea-9f7c-744051177962.pdf) |
| from bse | [Annual Report 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/36ad6f48-569f-4d80-838e-815686f6981b.pdf) |
| from bse | [Annual Report 2022 from bse](https://www.bseindia.com/bseplus/AnnualReport/539533/76109539533.pdf) |
| from bse | [Annual Report 2021 from bse](https://www.bseindia.com/bseplus/AnnualReport/539533/71127539533.pdf) |
| from bse | [Annual Report 2020 from bse](https://www.bseindia.com/bseplus/AnnualReport/539533/66136539533.pdf) |
| from bse | [Annual Report 2019 from bse](https://www.bseindia.com/bseplus/AnnualReport/539533/5395330319.pdf) |

---

Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T18:27:01.769Z.