The shares of this fast-growing infrastructure company gained up to 5 percent after the company received a significant work order from Venkatesh Infra Projects Pvt. Ltd for Rs 102 crore.
Price Movement
Hazoor Multi Projects Ltd has a market capitalization of Rs 892.05 crore, the shares were trading at Rs 42.99 per share, increasing around 0.68 percent as compared to the previous closing price of Rs 42.70 apiece.
Reason for Rise
Today the shares of Hazoor Multi Projects Ltd have seen a positive movement after receiving a significant work order from Venkatesh Infra Projects Pvt. Ltd for reinforcement Steel cutting, Bending, fixing as per technical drawing, and fabrication of Structural Steel for Bridge Construction at Versova Bandra Sea Link Project Site Mumbai, for consideration of Rs 102 crore.
Financial Performance and Revenue Split
Looking forward to the company’s financial performance, revenue increased by 104 percent from Rs 80.63 crore in Q3FY24 to Rs 164.87 crore in Q3FY25. During the same period, net profit plummeted by 72 percent from Rs 9.83 crore to Rs 2.72 crore.
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Ongoing projects
HMPL undertook two key infrastructure projects: the construction of a 29.93 km section of the Samruddhi Mahamarg 6-lane expressway in Maharashtra and the rehabilitation and upgrade of a 40.68 km section of NH-548A (Wakan-Pali-Khopoli) to 2-lane with paved shoulders or 4-lane standards, both on an EPC basis.
Ratio analysis
The company’s critical ratios show that the return on equity decreased from 56.05 percent in FY22-23 to 24.09 percent in FY23-24, while the return on capital employed decreased from 60.89 percent to 26.39 percent. The net profit margin (NPM) for fiscal year 23-24 is 11.20 percent.
Company profile
Hazoor Multi Projects Limited is an India-based company that specializes in infrastructure and real estate. Samruddhi Mahamarg is one of the company’s ongoing projects, as is the rehabilitation and upgrading of Wakan-Pali-Khopoli.
Written by:- Abhishek Singh
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