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Penny stocks under ₹100: only a few use order-book trading models
One of the few order-book focused names, Tara Chand, reported June 2026 quarter revenue up 11% to ₹67.6 crore but profit after tax down to ₹1.7 crore, citing prior-period items and a client-led scope change.
LiveMint Markets reviewed penny stocks, defined as shares trading below ₹100, using basic quality filters such as return on equity, return on capital, debt to equity, and dividend payout.
Among 46 penny stocks that cleared those filters, most did not show order-book businesses, and only a handful were described as order-driven, with the outlet noting that the size-based label does not necessarily indicate weak quality.
The outlet highlighted Tara Chand as the only company on its list that publishes a proper order book. It describes the firm’s business as cargo handling, equipment rental, warehousing, and steel processing across 22 states from five stockyards, with a fleet of 430 machines.
As of July 2026, Tara Chand’s executable FY27 order book stood at ₹205 crore, with 74% tied to equipment rentals and specialised services and 26% to warehousing and transportation. For the June 2026 quarter, the outlet said revenue rose 11% to ₹67.6 crore, but EBITDA fell to ₹21 crore from ₹23.1 crore, pulling the EBITDA margin to 30.7% from 37.4%, while profit after tax dropped to ₹1.7 crore from ₹6.5 crore. Management attributed the weaker results to prior-period items and a client-led change in project scope that left specialised-services equipment idle, leading to a sharp margin decline in that segment, and a lower equipment rental margin.