Low PE High ROE multibagger stock: This small-cap company receives an order worth Rs 267.37 crore!
The stock gave multibagger returns of 101.19 per cent in just 6 months with low PE of 3.25 per cent and high ROE of 76.55 per cent.
One of the gainers on BSE today, shares of Hazoor Multi Projects Ltd surged and locked in a 5 per cent upper circuit to Rs 102.75 per share from its previous closing of Rs 97.90.
Recently, Hazoor Multi Projects received a work order (change of scope work) from Gayatri Projects Ltd for the execution of change of scope work from ch.502.698 to ch.532.094 of package-11 for Rs.267.37 crore.
In just 6 months, the stock gave multibagger returns of 101.19 per cent and 271.61 per cent over 1 year. The stock has a PE of 3.25 per cent whereas a sectoral PE is 27 per cent with a high ROE of 76.55 per cent.
Incorporated in 1992, Hazoor Multi Projects Limited is a Small-Cap firm having a market cap of Rs 156.44 crore. The company is engaged in the business of Infrastructure and real estate.
Talking about the financials, the company reported an excellent number in its recently released Quarterly Results (Q3). In Q3FY23, the net sales skyrocketed by 3,447.19 per cent and net profit skyrocketed by 8,510.46 per cent compared to Q3FY22. According to the annual results, in FY22 net sales rose by 367.53 per cent and net profit rose by 478.79 per cent compared to FY21.
The stock has a 52-week high of Rs 120.90 and a 52-week low of Rs 18.02. Investors should keep this stock under their radar.