10:1 stock split & 40,000 per cent multibagger returns: Civil construction receives new order worth Rs 17,94,00,000 from National Highways Authority of India (NHAI)
The stock gave multibagger returns of 320 per cent in just 1 year and a whopping 3,600 per cent in 3 years.
Today, shares of Hazoor Multi Projects Ltd gained 3.76 per cent to Rs 614.90 per share from its previous closing of Rs 592.60. The stock gave multibagger returns of 435 per cent from its 52-week low is Rs 115 per share.
Hazoor Multi Projects Limited has been awarded a contract by the National Highways Authority of India to collect user fees at the Bogalur fee plaza on NH-9 in Tamil Nadu. The contract is worth Rs 17.94 crore and involves user fee collection, upkeep of adjacent toilet blocks and recouping of consumable items. The contract is domestic and will be executed within one year from the appointment date.
Earlier, the National Highways Authority of India (NHAI) awarded the company a contract to act as the user fee collection agency for widening the NH218 Bijapur Hubli section in Karnataka. The project involves widening the road to 2 lanes with paved shoulders from Km. 4.40 to 56.00. The contract value is Rs 2.59 crore and is expected to be completed within 3 months from the appointment date.
Furthermore, The Board of Directors of the company announced the stock split in the ratio 10:1 i.e., sub-division of equity shares of Rs 10 face value, 10 equity shares of face value of Re 1 each in the AGM meeting. The record date for the stock split is yet to be determined.
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About the Company
Hazoor Multi Projects Ltd, founded in 1992, has transitioned from residential construction to focus on infrastructure development. They primarily act as a subcontractor on national highway projects for government agencies like the Maharashtra State Road Development Corporation and the National Highways Authority of India. Additionally, Hazoor Multi Projects has ventured into the EPC (Engineering, Procurement, and Construction) contracting business. The company has a market cap of Rs 1,196.5 crore.
Consolidated Results: According to Quarterly Results, the company reported net sales of Rs 70.26 crore and net profit of Rs 9,46 crore in Q1FY25. In its annual results, the company reported net sales of Rs 545 crore and a net profit of Rs 63.77 crore in FY24.
In June 2024, FIIs bought 19,29,785 shares and increased their stake to 19.18 per cent compared to 10.92 per cent in March 2024. The shares of the company have a PE of 15x whereas the sectoral PE is 26x with an ROE of 86 per cent & an ROCE of 84 per cent. The stock gave multibagger returns of 320 per cent in just 1 year and a whopping 3,600 per cent in 3 years. From Rs 1.50 to Rs 614.9 per share; the stock rocketed over 40,000 per cent in 5 years. Investors should keep an eye on this Small-Cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.