Faalcon lands ₹101.93 cr order, 3.4 times annual revenue
The nano-cap engineering firm wins a binding contract for aluminium glazing work on a Noida commercial tower, executed over three years. The order dwarfs its entire revenue base.
— 1 earlier story on Faalcon Concepts Ltd. →What's new
- Faalcon wins ₹101.93 cr glazing contract from Splendor IT for Noida tower.
- Order is 3.4x annual revenue and 360% of market cap.
- No related-party involvement; execution over 3 years with monthly billing.
Why this matters
For a ₹34 cr market-cap company, a contract worth more than three times revenue transforms its business scale. It provides multi-year visibility and changes the earnings trajectory. This is the kind of order that rewrites valuation models.
What we're watching
- Execution pace: 3-year timeline means revenue recognition over several quarters.
- Potential for additional orders from Splendor or other developers.
- Impact on margins: aluminium glazing work in a competitive market.
The full read
Faalcon Concepts, a nano-cap with annual revenue of about ₹30 cr, just landed a contract worth ₹101.93 cr, more than three times its revenue and 360% of its market cap. The order from Splendor Information Technology covers aluminium glazing façade work for the Splendor ONYX tower in Noida. Execution runs three years with monthly billing. This contract transforms Faalcon's business scale. The open question is execution, but the immediate fact is multi-year earnings visibility the company never had.
Questions answered
- How big is this order relative to Faalcon's size?
- The order of ₹101.93 cr is about 3.4 times its annual standalone revenue of ₹30 cr and over 360% of its market capitalisation of ₹28 cr. It is the largest single order in the company's history by far.
- What is the nature of the work involved?
- The contract covers design, fabrication, building and installation of aluminium glazing façade work for the commercial building Splendor ONYX in Sector 142, Noida.
- How will the order be executed and billed?
- The order is to be executed over three years with monthly billing tied to material delivery and performance.
- Is there any related-party or promoter involvement?
- The company stated the award is domestic in nature and does not involve any promoter or related-party interest.
Faalcon Concepts Ltd.
Latest quarter · Mar 2026
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Story so far
All notes on FAALCON →- 6 Jul 2026 · 12:29 PM IST Faalcon lands ₹101.93 cr order, 3.4 times annual revenue
- 27d ago Faalcon lands ₹3.11 cr glass order, a big deal for a ₹37 cr company