The shares of this smallcap company fell around 2 percent despite receiving an order from the National Highways Authority of India worth Rs.2.59 crores. The stock has delivered more than a 300 percent return to its shareholders.
Price Movement:
With a market capitalization of Rs. 1,150 crores, the shares of Hazoor Multi Projects Ltd started Thursday’s trading session on a higher note at Rs. 639 compared to its previous close of Rs. 621.45.
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During the trading session, the shares hit a low of Rs. 609.55, losing around 2 percent and are currently trading at Rs. 610 apiece.
What Happened:
According to the exchange filing, the company received a work order from the National Highways Authority of India for acting as a user fee collection agency at Mulawad FP for widening to 2 lanes with paved shoulders from Km. 4.40 to 56.00 of NH218 Bijapur Hubli section in the state of Karnataka. The value of the awarded project is Rs. 2.59 crores.
Financials:
Looking at the company’s financial statements, the revenue declined by 85 percent from Rs. 463.93 crores during the March quarter to Rs. 70.26 crores in the June quarter. On the other hand, the net profits decreased by 82 percent from Rs. 53.94 crores to Rs. 9.46 crores during the same period.
Important Financial Ratios:
In terms of key financial metrics, the company reported a Return on Equity (RoE) of 26.95 percent and a return on capital employed (RoCE) of 23.08 percent for the period spanning FY23-24. Furthermore, the net profit margin during FY23-24 was 11.71 percent.
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Shareholding Pattern:
According to the latest shareholding pattern, Retail Investors hold the majority of the shares at 59.75 percent, while Promoters own 21.08 percent and Foreign Institutional Investors (FIIs) hold 19.18 percent.
Company Profile:
Incorporated in 1992, Hazoor Multi Projects Ltd is in the business of infrastructure development as an EPC Contracting company.
It works as a sub-contractor in executing various national highway road projects awarded by government authorities such as Maharashtra State Road Development Corporation Ltd. and the National Highways Authority of India.
Written By Vaibhav Patil
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