This micro-cap Infra Stock, engaged in infrastructure development, specializing in EPC contracting, road construction, and executing major highway and expressway projects across India, hit a 20 percent upper circuit after receiving an order worth Rs. 913 Cr from Apollo Green Energy for a solar power project.
With a market capitalization of Rs. 999.78 crores, the shares of Hazoor Multi Projects Limited hit a 20 percent upper circuit of Rs. 47.60 per share on Monday, up from its previous closing price of Rs. 39.67 per share. Since then, the stock has retreated and is currently trading at Rs. 45.05 per equity share.
Hazoor Multi Projects Limited has received a Letter of Award (LOA) from Apollo Green Energy Limited for an Engineering, Procurement & Construction (EPC) contract. The project involves designing, supplying, constructing, testing, and commissioning a 200 MW grid-connected solar power project at GSECL’s RE Solar Park in Khavda (Stage-3), Gujarat.
The total value of the project is Rs. 913 crores and is expected to be completed by March 2026. The contract is awarded to a domestic company, aligning with its growth in the renewable energy sector.
Hazoor Multi Projects Limited (HMPL) was incorporated in 1992 and is a publicly listed Indian company headquartered in Mumbai, Maharashtra, primarily engaged in infrastructure development, with a focus on EPC (Engineering, Procurement, and Construction) contracting and real estate. HMPL has evolved into a significant player in both the road construction and renewable energy sectors.
Hazoor Multi Projects Limited (HMPL) is actively engaged in infrastructure development, with a strong focus on EPC contracting. The company has successfully executed major projects for the Maharashtra State Road Development Corporation (MSRDC) under both EPC and Hybrid Annuity Model (HAM) frameworks.
Its core activities include road construction, with significant projects such as the Samruddhi Mahamarg (Mumbai-Nagpur Expressway) and the rehabilitation and upgradation of the Wakan-Pali-Khopoli section of National Highway NH-548A.
Coming into financial highlights, Hazoor Multi Projects Limited’s revenue has increased from Rs. 165 crore in Q3 FY25 to Rs. 249 crore in Q4 FY25, which has grown by 50.91 percent. The net profit has also grown by 466.67 percent from Rs. 3 crore in Q3 FY25 to Rs. 17 crore in Q4 FY25.
In terms of return ratios, the company’s ROCE and ROE stand at 14.1 percent and 11.5 percent, respectively. Hazoor Multi Projects Limited has an earnings per share (EPS) of Rs. 1.83, and its debt-to-equity ratio is 0.43x.
Written By – Nikhil Naik
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