Penny stock under Rs 50: This facade system company bags new order worth Rs 1,67,83,730 from Splendor Landbase Ltd

The shares of the company have an ROE of 40 per cent and an ROCE of 39 per cent.

Faalcon Concepts Limited has secured a new work order from Splendor Landbase Limited for their Splendor Epitome project in Gurugram, Haryana. The order, valued at Rs 1,67,83,730, involves the provision and installation of ACP Sheet Cladding. The project is expected to be completed within 7 months, with monthly billing based on material delivery and performance. This domestic contract marks a significant win for Faalcon Concepts Limited, further solidifying their position in the façade solutions market.

Faalcon Concepts Ltd, founded in 2018, specializes 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 31.4 crore. The stock is up by 3.4 per cent from its 52-week low of Rs 44.50 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.