3 Penny Stocks for           2022 with Fundamental analysis

1. Ircon International             Limited

company was started in 1976 in the form of Railway Construction Company

Ircon International Limited

Company Business has been greatly diversified and now it is an integrated Engineering & Construction PSU which works especially on large and technologically complex infrastructure projects like Railways, Highways, etc.

Ircon International Limited

It is the only public sector undertaking in India that comes in the top 250 international contractors, it also provides project management, consultancy, engineering, construction, public-private partnership projects, and real estate services.

Ircon International Limited

Company has 5 ongoing overseas projects in Sri Lanka, Bangladesh, Malaysia, South Africa, and Algeria and has completed 390+ projects in India and 128 projects in 25 countries.

2. Texmo Pipes &       Production         Limited

Texmo Pipes & Production                 Limited

Company manufactures pipes and fittings.  Their product portfolio includes PVC pipes, HDPE Pipes, SWR Pipes, Rigid PVC Pipes, Submersible Column pipes, Casting Pipes etc.

Texmo Pipes & Production                 Limited

So basically this company makes products related to plumbing and their clients are big companies like Indian Railways, BSNL, Power Grid Corporation of India, TATA Power, etc.

Texmo Pipes & Production                 Limited

The company generates 49.05% revenue from HDPE pipe, 30.16% revenue from PVC pipe, 9.1 2% revenue from molding fittings, 4.50% revenue from trading sales, and 2.22% revenue from CPVC fittings.

Texmo Pipes & Production                 Limited

The company’s market capitalization is 207 crores, its return on equity is 4.96% and return on capital employed is 9.13%, their returns are low.

3. PTL Enterprises          Limited

PTL Enterprises Limited

It is a tyres manufacturing facility leased to Apollo tyres Company and is a production by Apollo tyres Company.

PTL Enterprises Limited

This is a small-cap company and its market capitalization is Rs 426 crore. Its return on equity average is 8.81%,  return on capital employed is also 11.6% which is assumed to be average.

PTL Enterprises Limited

This company has only a debt of 52 crores while its annual profit is 70 crores and this company also has a free cash flow of 57.8 crores.  Its debt is less than its annual profit, so we will consider it debt-free.

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