Multibagger penny stock under Rs 50: Company acquires 51% of Vyom Hydrocarbon Pvt Ltd to expand into oil, gas and environmental services!
From Rs 0.13 to Rs 40.47 per share, the stock rocketed by 31,000 per cent in 5 years.
Hazoor Multi Projects Limited (HMPL) has announced the acquisition of a 51 per cent equity stake in Vyom Hydrocarbon Private Limited (VHPL) for a cash consideration of Rs 1,02,000. VHPL, incorporated on August 11, 2023, currently has no turnover, with an authorised capital of Rs 15,00,000 and subscribed capital of Rs 2,00,000. This strategic acquisition, which is already completed, is not a related party transaction. VHPL operates in the oil and gas services and onshore drilling industry.
The primary objective of this acquisition is to significantly expand HMPL's business operations into new sectors. HMPL aims to venture into mining and quarrying, the broader oil and gas industry, including extraction, oilfield equipment and services, drilling and consulting and Trade, Engineering, Procurement and Construction services. Furthermore, the company will also be focusing on environmental engineering and sustainability initiatives, notably waste management. By acquiring VHPL, which operates in emerging sectors aligned with HMPL's long-term goals, the company anticipates creating strong synergies to support its growth and diversification plans.
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.
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The company has a market cap of Rs 868 crore. The company reported net sales of Rs 249 crore and a net profit of Rs 17 crore in its Quarterly Results (Q4FY25) while in its half-yearly results (H2FY25), the company reported net sales of Rs 414 crore and a net profit of Rs 20 crore. Looking at its annual results (FY25), the company reported net sales of Rs 638 crore and a net profit of Rs 40 crore. The Board has recommended a final dividend of Re. 0.20 per equity share (20 per cent) for the financial year 2024-25.
In FY25, DIIs took a fresh entry and bought 8,08,983 shares or 0.39 per cent stake compared to FY24. The company's shares have a PE of 10x whereas the sectoral PE is 21x. The stock gave multibagger returns of 175 per cent in just 2 years and a whopping 1,200 per cent in 3 years. From Rs 0.13 to Rs 40.47 per share, the stock rocketed by 31,000 per cent in 5 years.
Disclaimer: The article is for informational purposes only and not investment advice.