19,650% multibagger returns: Penny stock under Rs 50, zooms over 3% on October 01; Here’s why!

On Wednesday, shares of Hazoor Multi Projects Ltd zoomed 3.9 per cent to Rs 39.50 per share from its previous closing of Rs 38.02 per share. The stock’s 52-week high is Rs 61.20 per share and its 52-week low is Rs 32 per share.

Hazoor Multi Projects Limited (HMPL) approved and declared a final dividend of Re 0.20 per equity share (or 20 per cent on a face value of Re 1) for the Financial Year 2024-25. This declaration was made at the Annual General Meeting (AGM) held on September 29, 2025, ratifying the recommendation originally made by the Board of Directors on May 30, 2025. To be eligible to receive this dividend, which will be paid within the timeline prescribed by the Companies Act, 2013, shareholders must have held the company's shares as of the designated Record Date, which was set as Monday, September 22, 2025.

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Additionally, the fund-raising committee of Hazoor Multi Projects Limited (HMPL) approved the allotment of 15,50,000 new equity shares. This allotment was a result of converting 1,55,000 warrants held by non-promoters, Mr Safir Anand and Resonance Opportunities Fund. The conversion took place after the company received the final payment of approximately Rs 3.49 crore from the warrant holders.

Furthermore, the company has submitted a binding offer to acquire a part of Gammon Engineers and Contractors Private Limited's (GECPL) EPC business. The deal, which aims to boost HMPL's presence in the infrastructure sector, is subject to lender approval and other necessary clearances. This potential acquisition follows HMPL's recent strategic entry into the upstream energy sector through the purchase of Quippo Oil & Gas Infrastructure Ltd., which recently won a significant drilling contract from Oil India Limited.

About the Company

Hazoor Multi Projects Ltd. (HMPL) is a BSE-listed, diversified infrastructure and engineering company based in Mumbai, with core operations spanning highways, civil EPC works and shipyard services and now in the Oil and Gas Sector. Known for execution excellence and strategic clarity, HMPL has built a solid track record across capital-intensive, nationally significant projects. With a focus on scalable growth, recurring revenues and multi-vertical integration, HMPL is building a future-ready platform at the intersection of infrastructure, energy and industrial technology.

According to the Quarterly Results (Q1FY26), the net sales increased by 156 per cent to Rs 180.01 crore and the net profit increased by 46 per cent to Rs 134.79 crore compared to Q1FY25. Looking at its annual results (FY25), the company reported net sales of Rs 638 crore and a net profit of Rs 40 crore.

The company has a market cap of over Rs 800 crore. In June 2025, DII ">FIIs bought 8,08,983 shares and increased their stake to 21.90 per cent compared to March 2025. The company's shares have a PE of 22x whereas the sectoral PE is 40x. The stock gave multibagger returns of 215 per cent in just 2 years and a whopping 505 per cent in 3 years. From Rs 0.20 to Rs 39.50 per share, the stock rocketed over 19,650 per cent in 5 years.

Disclaimer: The article is for informational purposes only and not investment advice