Multibagger Penny Stock Under Rs 50 Reports Positive Results, Recommended Final Dividend & Approved Proposal for Listing Securities on NSE Main Board
From Rs 0.13 to Rs 44.90 per share, the stock rocketed by over 34,400 per cent in 5 years.
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.
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The company has also been awarded a domestic contract by the National Highways Authority of India to act as the user fee collection agency at the Shrishikalan Fee Plaza (Km 193.600) on NH-76 in Uttar Pradesh. This one-year contract, valued at Rs 22,99,50,000, encompasses the collection of user fees for the rehabilitation and upgrading of the Kabarai-Banda Section (Km 178.00 to Km 215.00) to a two-lane highway with a paved shoulder on an EPC mode. Additionally, Hazoor Multi Projects Limited will be responsible for the upkeep and maintenance of adjacent toilet blocks, including replenishing consumable items.
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 1,700 per cent in 3 years. From Rs 0.13 to Rs 44.90 per share, the stock rocketed by over 34,400 per cent in 5 years.
Disclaimer: The article is for informational purposes only and not investment advice.