32,550 Per cent Multibagger Returns: Construction Company Bags Multiple Orders Worth Rs 70,00,00,000, Stock Hits Upper Circuit on Friday!
The company’s shares have delivered an impressive return of over 275 per cent to its shareholders in the past 1 year only.
Incorporated in 1992, Hazoor Multiprojects Ltd is engaged in real estate and road construction, operating as an EPC contracting company in infrastructure development. The company acts as a subcontractor for national highway road projects awarded by government authorities such as Maharashtra State Road Development Corporation Ltd. and National Highways Authority of India, with a core competency in road construction.
The company has secured a work order from B.G. Shirke Const. Tech. Pvt. Ltd. for excavation at various sites including Pahadi Goregaon-1473, Shirdhon-III, Khoni-1374, Nawde-1449, CPWD-1447, Taloja-1415/16, Thane-1453, and Kanamwarnagar-1180. The project's value is Rs 30 crores plus applicable taxes. Additionally, Hazoor Multiprojects has been awarded a work order from Welspun Enterprises Limited for stacking and dewatering works, with a project value of Rs 40 crores plus applicable taxes.
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On Friday, the shares of Hazoor Multiprojects Ltd closed at around Rs 467 per share on the BSE. The company’s current market capitalization stands at Rs 871.41 crore. Additionally, the shares have delivered a multibagger return of over 275 per cent in the past 1 year and a 32,557 per cent return in just 5 years.
As per the Quarterly Results, in the Q1 FY25, Hazoor Multiprojects Ltd recorded a revenue of Rs 70.26 crore. The operating profit stood at Rs 15.35 crore. The net profit stood at Rs 9.46 crore. Looking at the annual performance, the company generated a revenue of Rs 545 crore in FY24. The operating profit for FY24 was Rs 84 crore with a net profit of Rs 64 crore.
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Disclaimer: The article is for informational purposes only and not investment advice.