2 Penny Stocks in focus after receiving order from Deepak Nitrite and JSW Group

Synopsis: Two Penny stocks, including Suntech Infra Solutions and Envirotech Systems Ltd, gained attention after securing a Letter of Intent (LOI) from a Subsidiary of Deepak Nitrite and a JSW Group Company.

Several Penny companies have recently attracted investor attention after announcing fresh work orders that could significantly boost their revenue visibility and market standing. These developments highlight growing business momentum and potential turnaround opportunities within this cap segment. Here’s a closer look at two such Penny stocks now in focus following their latest Letter of Intent (LOI) from a Subsidiary of Deepak Nitrite and a JSW Group Company.

Suntech Infra Solutions Ltd

Suntech Infra Solutions Ltd, established in 2009, is a New Delhi-based, ISO-certified B2B construction company specializing in civil foundation, structural works, and heavy equipment rentals. They serve major infrastructure, power, oil & gas, and industrial projects across India. The company provides specialized services like pilling, ground engineering, and crane hire, and is listed on the NSE Emerge platform. 

With a market capitalization of Rs. 75.51 crores on Thursday, the shares of Suntech Infra Solutions Limited jumped upto 6 percent, reaching a high of Rs. 41.70 per share compared to its previous closing price of Rs. 39.35 per share.

Suntech Infra Solutions Ltd. has received a Letter of Intent (LOI) from Deepak Chem Tech Limited ( Subsidiary of Deepak Nitrite)  for the execution of piling works valued at Rs.  54.75 crore. This domestic order strengthens Suntech’s order book and reinforces its position in the industrial infrastructure and foundation engineering segment.

The project will be executed using Suntech’s in-house piling rigs and construction equipment, supported by its experienced engineering team, and is scheduled for completion by October 2026. 

The company demonstrates strong financial performance with a Return on Capital Employed (ROCE) of 22.4% and a Return on Equity (ROE) of 26.7%, supported by a moderate debt-to-equity ratio of 0.71. Additionally, the PEG ratio of 0.11 indicates attractive growth potential relative to its earnings.

Envirotech Systems Ltd

Envirotech Systems Ltd (incorporated in 2007) is a Noida-based, leading NSE-listed company specializing in industrial and commercial acoustic engineering, noise measurement, and control solutions. It provides customized products like acoustic enclosures, noise barriers, and anechoic chambers to sectors such as automobile, infrastructure, and power. 

With a market capitalization of Rs. 208.57 crores on Thursday, the shares of Envirotech Systems Limited jumped upto 4.27 percent, reaching a high of Rs. 111.00 per share compared to its previous closing price of Rs. 106.45 per share.

Envirotech Systems Limited has received a domestic Letter of Intent from Bhushan Power & Steel Limited (a JSW Group company) for the design, supply, installation, testing, and commissioning of acoustic enclosures for a VPSA Oxygen Plant at its facility in Sambalpur, Odisha. The total value of the order is approximately Rs. 2.93 crore, and the execution timeline will be as mutually agreed between both parties. 

The company demonstrates strong financial performance with a Return on Capital Employed (ROCE) of 31.6% and a Return on Equity (ROE) of 26.6%, supported by a moderate debt-to-equity ratio of 0.21. Additionally, the PEG ratio of 0.10 indicates attractive growth potential relative to its earnings.

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