Oh my god! Is this a stock or a money printing machine? It's given a 1,000% return in 11 months

There's one stock in the stock market that has delivered impressive returns to investors amid the turmoil. Yes, in just 11 months, it has filled investors' pockets, delivering a staggering return of nearly 1,000%. 

The multibagger stock we're talking about is Elitecon International. Its share price reached a 5% upper circuit on Monday, December 15th. Let's explore why the company's stock is soaring.

The rally comes after the company recently announced it had secured a large long-term export contract worth $97.35 million, equivalent to approximately Rs 875 crore. 

This is the sixth consecutive session its share price has hit the upper circuit of 5%. Elitecon International announced it has received a two-year supply contract from UAE-based Yuvi International Trade FZE.

The company stated that the agreement covers the supply of cigarettes, premix shisha, hookah tobacco, smoking mixtures, and other tobacco-related products. 

The contract includes a one-year fixed term and will ensure stable export volumes throughout the term. The company stated that the deal will better utilize production capacity and streamline manufacturing and logistics planning. 

It will also strengthen Elitecon's position in the Middle East markets, where demand for tobacco-related products remains stable.

Vipin Sharma, the company's managing director, stated that this agreement reflects the long-term global demand for the company's product portfolio. 

Regarding the contract, he said, "This long-term supply order provides the company with export stability throughout the contract period and reflects continued demand for its products in international markets. 

This agreement supports efficient capacity utilization, stable operations, and strengthens our presence in the Middle East markets, in line with our long-term growth strategy."

Elitecon International's second quarter results

Elitecon International reported a strong performance for the September quarter of 2025 (Q2FY26). Net sales for the quarter increased by 318% to ₹2,192.09 crore, while net profit increased by 63% to ₹117.20 crore, underscoring strong operating momentum compared to the first quarter of FY26. 

In the first half of FY26, the company's sales grew by 581% to ₹3,735.64 crore and net profit increased by 195% compared to the first half of FY25, reflecting sustained demand and improved scale of operations.

Elitecon International Share Performance

This multibagger stock has gained over 1000% so far in 2025 and over 1200% in the last one year. It has also gained 119% in the last six months. 

However, it has been under pressure recently, falling 38% in the last three months and 15% in the last one month. After three months of declines, it has gained 33% so far in December. It fell 42% in November, 23% in October, and 41% in September.