Realty Stock Issues Shares Worth Rs 1.18 Cr To Public Investors Post Stock Split

The shares of Hazoor Multi Projects Limited (HMPL) came into focus after the company announced preferential issues and oversubscribed expansion to its business goals. The company allotted 5,27,500 equity shares to Shilpaben Maheshkumar Shah and Ruturaj Bhalchandra Thakare, who received 52,750 warrants each in return. These shares with a face value of Rs 1 were issued at an effective price of Rs 30, including a premium of Rs 29.

The warrants that were originally set at Rs 300 each had a 25% upfront payment option granted with them. At that stage, investors had the right to convert said warrants to equity shares by paying the remainder within 18 months. The conversion process took place post-subdivision of HMPL's equity shares. Now the company has issued and paid up capital of Rs 22.49 crore, consisting of 22.49 crore of Rs 1 equity shares each.

In a separate development, HMPL's Board of Directors has sanctioned an acute expansion of the company's portfolio. The business activities have been added to the Memorandum of Association (MoA) and now include: Shipbuilding and Engineering, Ship Repair and Maintenance, Maritime Industry, Shipping Logistics Transport, Mining and Quarrying Oil and Gas, Environmental Engineering Sustainability, Hospitality along with Travel and Tourism under Food Services. This strategic broadening diversification, when compared to construction, serves to fuel HMPL's revenue streams.

The operational performance remains bullish fueled by the sheer breadth of potential revenue generators driven by diverse industries the company has entered into. For Q4 FY25 HMPL reported net sales of Rs 249 crore while net profit stood at Rs 17 crore. Over the half-year period (H2 FY25), net sales increased to Rs 414 crore, recording approximately Rs 20 crore in profit. The annual figure rounded out at Rs 638 crore in net sales alongside Rs 40 crore in net profit for FY25. The board also remained supportive of further company stability, recommending final dividends set at Rs 0.2 per share, translating to a robust 20% distribution ratio on earnings, which signals a strong brand outlook going forward as well.

The company's growth prospects have captured the confidence of institutional investors, too. During FY25, Domestic Institutional Investors (DIIs) entered the company, purchasing 8,08,983 shares for a 0.39% stake in HMPL. The company is currently valued at a market cap of Rs 855 crore and trading at a PE ratio of 10x with sectoral PE at 21x, implying a lower but comfortable valuation relative to peers.

The stock has delivered stellar returns over the years, turning into a multibagger. In the past two years, HMPL has seen a surge of 175%, with an even more impressive rise of approximately 1200% over a three-year period. Looking at the five-year mark, the stock was only trading at Rs 0.13 and has reached Rs 40.50 per share currently, resulting in a remarkable gain of nearly 31,000%.

Hazoor Multi Projects Limited has emerged as an important company in the Indian infrastructure industry because of its construction of roads, bridges, and other civil engineering projects. HMPL continues to support India's growth and increase connectivity with its quality work, timely project completions, and skilled workforce. The latest moves taken by the company indicate that it is working on diversifying into new areas, which include core infrastructure along with new-age industries.