This leading Infrastructure stock, specializing in development as an EPC Contractor, which has recently ventured into Renewable Energy, has delivered over 34,000 percent multi-bagger returns to its shareholders in just 5 years.
Stock Performance
With a market capitalization of Rs. 926.49 crores, the shares of Hazoor Multi Projects Ltd closed at Rs. 44.65 per equity share, down 5 percent from its previous close price. On April 15, 2020, the shares were trading at Rs. 0.13, marking a gain of well over 34,000 percent compared to the previous close. For illustration, if someone had invested Rs. 1 lakh into the company’s stock 5 years ago, it would have now turned into ~Rs. 3.4 crore.
Company Overview
Hazoor Multi Projects Ltd. is a leading player in the Indian infrastructure sector, specializing in development as an EPC (Engineering, Procurement and Construction) Contractor. The company has worked in a diverse range of projects including road construction, bridges, flyovers, and other civil engineering works.
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Key Highlights
The EPC contractor recently forayed into renewable energy by means of incorporating a wholly owned subsidiary. This was known by the name Hazoor New & Renewable Energy Private Limited.
Maharashtra’s First Solar Plant
Major projects involve development of the Chhatrapati Shivaji Maharaj Saur Urja Park (CSMSUP) which is Maharashtra’s first solar park. This project is being developed in collaboration with a leading multinational company from the United Kingdom.
The park will have a capacity of 1.2 GW and span across 4,200 acres. It will feature advanced technology, including 750-watt solar panels and both fixed and tracking systems that follow the sun to optimize energy production. Rs 2,500 cr Project in Andhra Pradesh
Furthermore, the company is planning a 500 MW solar project in Andhra Pradesh’s Prakasam district, with an investment of Rs 2,500 crores, covering an area of 2,000 acres. The Andhra Pradesh government has announced that NREDCAP (New & Renewable Energy Development Corporation) will support the successful execution of this initiative.
Recent Order Win
In late February, Hazoor Multi Projects Ltd secured an order from Venkatesh Infra Projects Pvt. Ltd. to build structural steel for Mumbai’s Versova Bandra Sea Link project for a total consideration of Rs 102.10 crore, the company said in an exchange filing.
Financial Performance
When looking at the financial statements of the company, Hazoor Multi Projects Ltd reported a stellar 104 percent increase in its revenue from Rs 81 crore to Rs 165 crore. The net profits, however, saw a sharp 70 percent decline from Rs 10 crore to Rs 3 crore.
Written by Shwetha Sairam
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