Penny stock under Rs 50: This facade system company bags new order worth Rs 2,53,09,000 from Stride Infraa

Faalcon Concepts Limited has secured a domestic work order valued at Rs 2,53,09,000 from Stride Infraa for the MAHSR C4 project located in Vapi, Gujarat. The contract specifies the installation of Aluminium Composite Panels (ACP), a key facade element known for its durability and aesthetic appeal in large-scale infrastructure. This engagement follows a three-month execution timeline, with financial terms structured around monthly billing cycles linked to material delivery and performance milestones.

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 25 crore. The stock is up by 3 per cent from its 52-week low of Rs 35.10 per share. The shares of the company have an ROE of 40 per cent and an ROCE of 39 per cent.

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