Low PE multibagger stock: This micro-cap wins new orders worth Rs 382.40 crore!

The company has bagged multiple orders and has an order book of more than 2 times its market cap.

Vascon Engineering informed that the company has received a tender from Maharashtra State Police Housing & Welfare Corporation Limited (A Government of Maharashtra Undertaking) for the construction of residential quarters & amenity block in Pune amounting to Rs 382.40 crore (including GST). The work has been awarded on a ‘Lumpsum bases'. The work has to be completed within 36 months from the date of signing of the tender.  

On Friday, shares of Vascon Engineering soared 4.43 per cent to Rs 31.62 per share with an intraday high of Rs 31.80 per share and an intraday low of Rs 30.86. The stock has a 52-week high of Rs 42 and a 52-week low of Rs 18.60.  

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.  

Talking about the financials, Vascon Engineers has a market cap of Rs 687.16 crore. The company reported amazing numbers in Quarterly Results and annual results. The company has bagged multiple orders and has an order book of more than 2 times its market cap.  

The stock has a PE of 11.32x and gave multibagger returns of 288 per cent in just 3 years. Investors should keep an eye on this micro-cap stock.