The stock market is full of such stocks which have proven to be money printing machines for their investors and have made them rich. Some stocks have achieved this feat in a long period, while some have become multibagger stocks in a very short period of time. One such stock is FMCG company Elitecon International, which turned investors’ ₹1 lakh into over ₹1 crore in just five years.
In no time, it became a millionaire share
Shares of multibagger Elitecon International Ltd were trading ex-dividend on Wednesday. The company declared a dividend of ₹0.05 per share of face value ₹1 for FY26. This small stock has quickly become a millionaire stock for investors. Its price in five years was about ₹1, which despite the fall on Wednesday rose to close at ₹143.35, while on Thursday it fell by almost 2% to close at ₹130.80.
10,000% return in five years
Based on share price appreciation over the past five years, investors have received returns of more than 10,332%. This stock has made investors rich not only in the last five years, but also in the last one year and six months. Elitecon shares have given a return of 2554% in one year, while within six months it has given a whopping 287% return, which has more than tripled investors’ wealth. However, on the fourth trading day of the week, despite the rise in the stock market, this multibagger stock recorded a decline. At market close, it fell 2.48% to close at ₹139.80. Due to this fall, the market capitalization of the company also declined to Rs 22,350 crore.
How those who invested Rs 1 lakh became millionaires
If we look at the math that made this small stock a millionaire, if an investor had invested Rs 1 lakh in Elitecon shares at a price of around Re 1 five years ago and had held it till now, his wealth would have increased to Rs 10,432,000. That means, in just five years, such investors would have joined the list of millionaires.
Company’s earnings increased, investors’ wealth increased
Elitecon International is a company engaged in the business of tobacco products and FMCG products. Its presence in the fast-moving consumer goods sector has increased significantly. Talking about the company’s earnings, its net profit increased by 128% year-on-year for the quarter ended September 30, which increased to Rs 20.19 crore from Rs 8.84 crore in the same period last year. The company’s income has increased five times. As its earnings have increased, those investing in its shares are also becoming richer.
