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Austin Engineering And 2 Other ASX Penny Stock Opportunities

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The Australian stock market recently showed resilience, with the ASX climbing above 7,800 points despite mixed signals from Wall Street. This landscape presents opportunities for investors interested in smaller or newer companies, where penny stocks—though an old term—still hold potential value. These stocks can offer a mix of affordability and growth potential when backed by strong financials, making them intriguing options for those seeking under-the-radar investments.

Top 10 Penny Stocks In Australia

Name

Share Price

Market Cap

Financial Health Rating

CTI Logistics (ASX:CLX)

A$1.57

A$122.48M

★★★★☆☆

MotorCycle Holdings (ASX:MTO)

A$2.10

A$154.99M

★★★★★★

EZZ Life Science Holdings (ASX:EZZ)

A$1.58

A$74.53M

★★★★★★

IVE Group (ASX:IGL)

A$2.35

A$362.33M

★★★★★☆

GTN (ASX:GTN)

A$0.60

A$115.38M

★★★★★★

West African Resources (ASX:WAF)

A$2.42

A$2.76B

★★★★★★

Bisalloy Steel Group (ASX:BIS)

A$3.19

A$151.37M

★★★★★★

Regal Partners (ASX:RPL)

A$1.795

A$603.41M

★★★★★★

NRW Holdings (ASX:NWH)

A$2.47

A$1.13B

★★★★★☆

LaserBond (ASX:LBL)

A$0.3825

A$44.88M

★★★★★★

Click here to see the full list of 984 stocks from our ASX Penny Stocks screener.

Let's explore several standout options from the results in the screener.

Austin Engineering

Simply Wall St Financial Health Rating: ★★★★★☆

Overview: Austin Engineering Limited, with a market cap of A$269.76 million, operates in the industrial and resources sectors by manufacturing, repairing, overhauling, and supplying mining attachment products and related services.

Operations: Austin Engineering generates revenue across three main geographical segments: Asia-Pacific (A$169.08 million), North America (A$117.15 million), and South America (A$53.59 million).

Market Cap: A$269.76M

Austin Engineering, with a market cap of A$269.76 million, has shown robust financial health and growth potential within the industrial sector. Recent earnings for H1 2025 reported sales of A$170.15 million, reflecting an increase from the previous year. The company maintains strong interest coverage with EBIT at 16.8x its interest payments and a satisfactory net debt to equity ratio of 7.5%. While Return on Equity is relatively low at 18.1%, Austin's earnings growth outpaces industry averages and forecasts suggest continued revenue expansion by 12% in fiscal year 2025, supported by a solid order book and strategic management oversight.

ASX:ANG Financial Position Analysis as at Apr 2025
ASX:ANG Financial Position Analysis as at Apr 2025

Fleetwood

Simply Wall St Financial Health Rating: ★★★★★★

Overview: Fleetwood Limited, with a market cap of A$237.69 million, operates in Australia and New Zealand where it designs, manufactures, sells, and installs modular accommodation and buildings.