Penny Stock Under Rs 50: Company Secures Order Worth Rs 52,06,599 from Grant Thornton – Complete Details Inside

The company’s promoters own around 51.29 per cent stake in the company.

Incorporated in February 1995, Transteel Seating Technologies is a furniture company specializing in catering to corporate and B2B sectors. With over 20 years of experience, TSTL has built expertise in manufacturing chairs, office furniture, and various residential and commercial furniture solutions. The company is renowned for its focus on crafting performance-oriented tables and chairs, blending design, value, and ergonomics to deliver exceptional furniture solutions.

As per the press release, Transteel Seating Technologies has secured a work order from Grant Thornton for the supply of chairs, phone pods, systems, and loose furniture, with a total value of Rs 52,06,599 (Rupees Fifty-Two Lakhs Six Thousand Five Hundred Ninety-Nine Only). The order is scheduled to be executed within 5 weeks.

At the start of today’s trading session, Transteel Seating Technologies opened at Rs 45 per share, compared to yesterday’s closing price of Rs 44.55 per share on the NSE. Currently, the shares are trading at around Rs 43.90 per share on the BSE. The current market capitalization stands at Rs 88.58 crore. The company’s shares have delivered an impressive return of around 45 per cent in the past year.

The company doesn’t announce Quarterly Results, and in half-yearly results in September 2024, Transteel Seating Technologies reported a revenue of Rs 34 crore compared to Rs 1 crore. The company posted an operating profit of Rs 9 crore with a margin of around 26 per cent compared to Rs 8 crore with a margin of around 26 per cent. The company reported a net profit of Rs 5 crore for the period compared to a profit of Rs 4 crore.

Looking at the annual performance, the company generated a revenue of Rs 74 crore in FY24 compared to Rs 59 crore in FY23 representing a growth of around 25 per cent YoY. The operating profit for FY24 was Rs 20 crore compared to a profit of Rs 16 crore in FY23. The company reported a net profit of Rs 11 crore compared to a profit of Rs 9 crore.

Investors should keep this micro-cap company on their radar.

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