Penny stock under Rs 50: This facade system company bags new order worth Rs 2,19,48,000 from Britomatics India Pvt Ltd

The stock is up by 23.7 per cent from its 52-week low of Rs 38 per share.

Faalcon Concepts Limited has secured a new domestic work order from Britomatics India Private Limited, located in New Delhi, for a project at Plot B-20A, Sector – 132, Noida, Gautam Budh Nagar, Uttar Pradesh. This order, valued at Rs 2,19,48,000, pertains to glass, glazing, and window work, with billing tied to performance and an expected completion timeline of 12 months.

Earlier, the company secured a significant new work order from Progressive Training Career and Welfare Organisation, located in Gurugram, Haryana. This domestic project, valued at Rs 2,10,00,000, involves the provision of glass, glazing, and windows for the site at Ground Floor, Welldone Tech Park, Sohna Road, Sector-48, Gurgaon, Haryana. The terms of the contract specify monthly billing based on material delivery and performance, with an anticipated completion period of five months.

Faalcon Concepts Ltd, founded in 2018, specialises in designing, engineering, building and installing exterior building systems (facades) that can withstand harsh weather conditions like UV rays, acid rain and noise. Their product range includes curtain walls, aluminium doors and windows, skylights and various cladding options like stone and metal. They've built a reputation for taking on complex projects and have worked with clients including construction companies, educational institutions and entertainment businesses.

The company has a market cap of Rs 32 crore. The stock is up by 23.7 per cent from its 52-week low of Rs 38 per share. The shares of the company have an ROE of 40 per cent and an ROCE of 39 per cent. Investors should keep an eye on this micro-cap stock.

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