Penny stock under Rs 75 & Rs 2,902 crore order book: Civil construction receives order of Rs 161.18 crore from MSEB Holding Company Ltd
DSIJ Intelligence-1 / 09 Oct 2025/ Categories: Multibaggers, Penny Stocks, Trending
The stock has given multibagger returns of 125 per cent from its 52-week low of Rs 32 per share and a whopping 720 per cent in 5 years.
Vascon Engineers Limited has received a Letter of Intent (LOI) from the MSEB Holding Company Limited for a domestic redevelopment project in Mumbai. The company is tasked with the Redevelopment of the "Saudamini" Building located at Plot No.9 of Haji Ali Park, Mahalaxmi. This contract is valued at Rs 161.18 crore (excluding GST and Insurance) and is expected to be completed within a period of 36 months.
Vascon Engineers Ltd., established in 1986, is a Construction engineering company in India with a presence in the Real Estate business, having an asset-light model and clean room partition manufacturing business. As of June 30, 2025, the company's Order Book stands at Rs 2,902 crore (Forming a healthy order book of 3x FY25 EPC revenues).
Talking about the financials, Vascon Engineers has a market cap of over Rs 1,600 crore. The shares of the company have a PE of 20x whereas the industry PE is 42x. The stock has given multibagger returns of 125 per cent from its 52-week low of Rs 32 per share and a whopping 720 per cent in 5 years.
Disclaimer: The article is for informational purposes only and not investment advice.