Image Source: Faalcon Concepts
Faalcon Concepts Limited, a new entrant in the facade systems and engineering industry, has won a big new order worth ₹21 million (₹2.1 crore), continuing its fast growth streak. The win of the order attests to the company's growing presence and delivery of quality, innovative building solutions in India.
Key Highlights:
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Large Order Booked: Faalcon Concepts has won a fresh domestic work order worth ₹21 million, strengthening its order book further and adding revenue visibility for the next quarters.
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Growing Customer Base: The company continues to get identified with top clients across various sectors like real estate, infrastructure, education, and entertainment due to the company's expertise in designing and installing sophisticated facade systems.
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Strong Financials: Faalcon Concepts has proven strong financials over the last few years, with revenues at ₹1,249.11 lakh as of October 2023 and an impressive 83.58% growth in profit after tax between FY22 and FY23.
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Growth Through Innovation: Renowned for its weather-resistant and durable facade solutions, the product range of the company includes curtain walls, glazing, aluminium doors and windows, skylights, and cladding among others.
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Strategic Growth: In addition to order wins, Faalcon Concepts is also aggressively following inorganic growth, exemplified by its recent acquisition of a 61% stake in Chrome Coaters Private Limited, further expanding its capabilities and market reach.
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Market Sentiment: The shares of the company have reflected positive momentum, attracting the interest of investors and analysts alike as a potential micro-cap stock to watch in the construction and engineering sector.
With this recent order, Faalcon Concepts is ready to solidify its position of leadership in the facade engineering industry and take advantage of India's explosive construction industry.
Source: Moneycontrol, DSIJ, Chittorgarh
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