FIIs bought 19,29,785 shares: High ROE & High ROCE multibagger stock in green as Board announces 10:1 stock split; keep under the radar!

The stock gave multibagger returns of 252 per cent in just 1 year; 1,600 per cent in 3 years and a whopping 28,000 per cent in 5 years.

Today, shares of Hazoor Multi Projects Ltd surged 4.74 per cent to Rs 403 per share from its previous closing of Rs 384.75. The stock has a 52-week high of Rs 454 and its 52-week low is Rs 110.

Hazoor Multi Projects Ltd informed that a meeting of the Board of Directors of the company announced the stock split in the ratio 1o:1 i.e., sub-division of equity shares of Rs 10 face value, 10 equity shares of face value of Re 1 each. The record date for the stock split is yet to be determined.

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 743 crore. 

Standalone Results: According to Quarterly Results, the total income increased by 68 per cent to Rs 138.04 crore and net profit increased by 1.6 per cent to Rs 10.45 crore in Q4FY24 compared to Q3FY24. In its annual results, the company reported a total income of Rs 494.60 crore in FY24 compared to Rs 776.19 crore in FY23 while the net profit increased by 20.5 per cent to Rs 54.90 crore in FY24 compared to a net profit of Rs 45.58 crore in FY23.

Consolidated Results: According to quarterly results, the total income increased by 472 per cent to Rs 467.59 crore and net profit increased by 449 per cent to Rs 53.94 crore in Q4FY24 compared to Q3FY24. In its annual results, the company reported a total income of Rs 549.31 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 11.5x whereas the sectoral PE is 19x with an ROE of 86 per cent & an ROCE of 84 per cent. The stock gave multibagger returns of 252 per cent in just 1 year; 1,600 per cent in 3 years and a whopping 28,000 per cent in 5 years. Investors should keep an eye on this micro-cap stock.

Disclaimer: The article is for informational purposes only and not investment advice. 

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