Micro-cap infra stock that provides Engineering, procurement, and construction (EPC) services hit a 10 percent upper circuit in the day’s trade after it received an endorsement project Worth Rs. 1,129.81 Crores.
In the day’s trade, the shares of Hazoor Multiprojects Limited hit 10 percent upper circuit at Rs. 151.70 and its market capitalization is Rs. 230 Crores.
Hazoor Multi Projects Limited’s subsidiary Hazoor Infra Projects Private Limited has received a work order through endorsement from Arawali Kante Multi Projects Private Limited, after being authorized by the Ministry of Road Transport & Highways.
The work order is for the rehabilitation and up-gradation of NH-66 from Km.241/300 to Km. 281/300 (Arawali to Kante section) to four lanes in the State of Maharashtra under NHDP-IV on Hybrid Annuity mode in Ratnagiri district. The projected value of the project is ~Rs. 1,129.81 Crores.
The company’s revenue grew 589.36 percent from Rs. 112.54 Crores in FY22 to Rs. 775.81 Crores in FY23, accompanied by increasing profits of Rs. 2.48 Crores to Rs. 45.58 Crores.
It has reported a return on equity (ROE) of 85.9 percent and a return on capital employed (ROCE) of 83.75 percent, it has delivered very good returns on its equity and capital employed.
According to the latest shareholding data available for the September 2023 quarter, the company’s Promoters hold a 25.93 percent stake, Domestic Institutional Investors hold 0.00 percent and Foreign Institutional Investors hold 5.29 percent.
Hazoor Multiprojects Limited is a diversified infrastructure and real estate company that provides Engineering, procurement, and construction(EPC) services.
Written by: Bharath K.S
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
