Realty Stock Hits Upper Circuit Led By Stock Split, Merger With NHAI New Projects

Today, Hazoor Multi Projects Ltd (HMPL) stock registered a buying interest within the 5% circuit limit, climbing from the prior close of Rs 517.20 to Rs 543.05 during trading hours. This stunning performance reaffirms the stock's multibagger status and there have been returns of 343.3% since the 52-week low of Rs 122.50 per share. From the last one year, HMPL shares are up 300% and a staggering 2500% over a period of 3 years. A phenomenal surge of 33840% converting Rs 1.60 to Rs 543.05 above Rs 1 share price over a span of 5 long years.

Recently, in its AGM held on the up, HMPL Board of Directors also resolved a stock split of 10 for 1. This resolution will disintegrate the Company's equity shares of a face value of Rs 10 each into 10 shares of Re 1 each and in effect lower the cost of the stock to more investors. The cut-off date for the stock split is November 7 2024.

Besides the aforementioned strategic moves, Hazoor Multi Projects Ltd. has also bagged two big contracts from the National Highways Authority of India (NHAI). The first contract which is worth Rs 2.59 crore involves toll collection services for the NH218 Bijapur-Hubli stretch in Karnataka, which is expected to be completed within a span of three months. The second contract is worth Rs 17.94 crores and it involves toll collection, maintenance of toilet blocks, and consumables at the Bogalur fee plaza on NH-9, TN, with a one-year project timeline.

HMPL's financial growth pace has been impressive. The consolidated net sales for quarter 1 of FY25 is 70.26 crores while the net profit is Rs 9.46 crores. In FY24, HMPL reported net sales of Rs 545 million while net profits stood at 63.77 million telling of the company's accomplishments in managing enormous projects and being productive overall.

In September 2024, foreign institutional investors (FIIs) bought 84,855 shares thereby increasing the shares' percentage owned by them from 19.18% as of June to 19.63% in September. The share of the company is growing such that the price-earnings (PE) ratio is 15 times while the sectoral PE is at 26 times while an ROE of 86% and ROCE of 84% plus a high PE ratio remains favourable currently.

Established in 1992, Hazoor Multi Projects Ltd began with residential construction and then re-directed its focus to infrastructural development starting as lower-tier contractors for national highway projects. A sample of the company's past work includes projects for the Maharashtra State Road Development Corporation and NHAI. HMPL has also diversified and entered the EPC contracting market making itself one of the most important companies in the infrastructure development industry with a market value that is more than 1,000 crores.

Hazoor Multi Projects Pvt Ltd is furthering its position in the Indian Infrastructure arena with the continued implementation of strategic initiatives and strong financial performance of the company to ensure effective growth in the long term and shareholder value.