Multibagger Penny Stock Under Rs 50 In Green As Maharashtra’s Maritime Sector to Get Boost After Major Shipyard in Konkan Region Becomes Operational
The stock gave multibagger returns of 375 per cent in just 2 years and a whopping 1,800 per cent in 3 years.
On Tuesday, shares of Hazoor Multi Projects Ltd gained 7.5 per cent to Rs 44.99 per share from its previous closing of Rs 41.86 per share.
In a boost to Maharashtra’s Maritime capability, a Shipyard located in the key region of Dabhol in the Konkan region has entered into operationalization by carrying out the important steel-cutting ceremony.
Square Port Shipyard Pvt. Ltd., a Hazoor Multi Projects Limited subsidiary, has secured an order from a shipping company in the United Kingdom. The all-important steel-cutting ceremony, which marks the initiation of the ship-building activity, was carried out on the auspicious occasion of Gudi Padwa at their shipyard located at Dabhol - Usgaon. The Square Port Shipyard at Dabhol, which is a subsidiary of HMPL, was earlier owned by Bharati Defence Infrastructure Limited, which went into insolvency in 2017-18.
Fattehsingh Patil, Director of Square Port Shipyard, stated, “The shipbuilding and repair industry in India has immense potential, however, its capability is grossly under-utilized. The Government of India has provided a boost to this sector through its recent allocation in the Financial Budget for 2025-26. We hope that our (today’s) steel-cutting ceremony shall be an important addition to Maharashtra’s shipbuilding capability and assist in realizing Maharashtra’s goal of becoming a USD 1 Trillion economy by 2027. With this steel cutting for the building of a new Landing Craft, a total of 5 vessels are under construction at the shipyard as of today. We are in talks with many other major foreign shipyards and hope to give even more positive news in the coming few months”, he added.
DSIJ’s 'multibagger Pick’ service recommends well researched multibagger stocks with High Returns potential. If this interests you, do download the service details here.
About the Company
Hazoor Multi Projects Ltd is a leading Indian company that builds roads, bridges, and other civil engineering projects. They focus on good quality, safety, and finishing projects on time. They're known for doing excellent work. They have skilled workers and the right equipment to handle big and complex projects. Hazoor Multi Projects helps India grow by building important infrastructure that boosts the economy and makes travel easier.
The company has a market cap of over Rs 900 crore. The company reported net sales of Rs 164.87 crore and a net profit of Rs 2.72 crore in its Quarterly Results (Q3FY25) while in its nine-month results (9MFY25), the company reported net sales of Rs 391.21 crore and a net profit of Rs 23.20 crore. Looking at its annual results (FY24), the company reported net sales of Rs 545 crore and a net profit of Rs 64 crore
The company's shares have a PE of 12x whereas the sectoral PE is 20x. The stock gave multibagger returns of 375 per cent in just 2 years and a whopping 1,800 per cent in 3 years. From Rs 0.15 to Rs 44.99 per share, the stock rocketed by 29,893 per cent in 5 years. Investors should keep an eye on this penny stock.
Disclaimer: The article is for informational purposes only and not investment advice.