Multibagger penny stock under Rs 50: Company to meet on June 16, 2025, to strategically expand into new and emerging business segments
The stock gave multibagger returns of 190 per cent in just 2 years and a whopping 1,720 per cent in 3 years.
Hazoor Multi Projects Ltd is scheduled to be held on Monday, June 16, 2025, at 4.00 P.M at the registered office of the Company situated at C-45, 4th Floor, Plot -210, C Wing, Mittal Tower, Barrister Rajani Patel Marg, Nariman Point, Mumbai-400021, inter-alia to transact the following businesses:
- To strategically expand into new and emerging business segments, including through the acquisition of company engaged in high-growth and future-oriented sectors, that align with the company’s long-term growth objectives, capitalizing on opportunities in rising sectors to drive enhanced profitability, sustained success, and seamless integration with existing capabilities and expertise and accordingly alteration/modification in ‘Object Clause’ of Memorandum of Association of the Company.
- To consider and approve any other item(s) with the permission of the chair.
Recently, the company issued 3,27,500 new equity shares at Rs 30 each (Re 1 face value + Rs 29 premium) after converting 32,750 warrants. This move, following a stock split, saw non-promoter Venkatraman Subramanian pay Rs 73,68,750, representing 75 per cent of the warrant issue price. The company's paid-up capital is now Rs 22,44,33,910. Remaining warrants can be converted into an equal number of shares by paying the remaining 75 per cent (Rs 225 per warrant).
Additionally, the company secured a one-year contract worth Rs 22.995 crore from the National Highways Authority of India. The company will collect user fees at the Shrishikalan Fee Plaza on NH-76 in Uttar Pradesh and handle the upkeep of nearby toilet facilities. This contract supports rehabilitating and upgrading the Kabarai-Banda Section to a two-lane highway.
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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 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. Additionally, the Board has approved the proposal to list the company's securities on the Main Board of the NSE, pending fulfilment of all listing criteria and receipt of necessary approvals.
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 190 per cent in just 2 years and a whopping 1,720 per cent in 3 years. From Rs 0.13 to Rs 45.50 per share, the stock rocketed by over 34,900 per cent in 5 years.
Disclaimer: The article is for informational purposes only and not investment advice.