Penny stock under Rs 70 in focus as company receives new orders worth Rs 1,83,05,349 from Indigo and Space Matrix Design Consultants Pvt Ltd

The shares of the company have a PE of 12x, an ROE of 46 per cent and an ROCE of 38 per cent.

Transteel Seating Technologies Limited has received purchase orders aggregating to Rs 1,83,05,349. Here are the details: -

Order 1

Transteel Seating Technologies Limited has secured a significant purchase order from Indigo, a prominent domestic entity. The order entails the supply of 1,905 chairs, 70 tables, and various furniture fixtures. The total value of this contract is INR 1,19,44,382. The chairs, tables, and fixtures are specifically designed to be ergonomic, ensuring optimal comfort and productivity for Indigo's users. The order is expected to be executed within 3-6 weeks from the date of the purchase order.

Order 2

In addition to the Indigo order, Transteel Seating Technologies Limited has also received a purchase order from Space Matrix Design Consultants Pvt Ltd, another domestic entity. This order involves the supply of 823 ergonomic chairs. The total value of this contract is INR 63,60,967. The chairs are expected to meet the specific requirements outlined by Space Matrix Design Consultants Pvt Ltd. The order is anticipated to be completed within 8 weeks from the date of the purchase order.

About the Company

Established in 1995, Transteel Seating Technologies Ltd. is a prominent Indian furniture company specializing in corporate and B2B solutions. With over two decades of industry experience, Transteel has honed its expertise in crafting high-quality chairs, office furniture and other residential and commercial furnishings. Their commitment to design, value, and ergonomics is evident in their performance-oriented tables and chairs. Transteel boasts a wide product range, including work-from-home furniture, ergonomic chairs, office tables, workstations, storage solutions and more. The company's strong customer base includes renowned names like Infosys, Bosch, ITC, Titan, American Express, Volvo and many others, underscoring its reputation for excellence and reliability.

The company has a market cap of Rs 137 crore. The shares of the company have a PE of 12x, an ROE of 46 per cent and an ROCE of 38 per cent. The stock is up by 16.50 per cent from its 52-week low of Rs 59 per share.

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

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