FIIs Bought 2.18% Stake: Penny Stock Under Rs 50 Acquires Quippo Oil & Gas, Marks Entry into Energy Sector

On Tuesday share price of Hazoor Multi Projects Ltd jumped nearly 6.5 per cent to an intraday high of Rs 47.98 per share. As of 3:10 pm IST, the stock price was trading at Rs 46.10 per share, up by 0.22 per cent.

Hazoor Multi Projects Ltd, an esteemed infrastructure and engineering enterprise in India, officially announced the successful acquisition of Quippo Oil & Gas Infrastructure Ltd (Quippo) on August 5, 2025, through a competitive Swiss Challenge bidding process. This significant milestone marks HMPL’s strategic entry into India’s upstream Oil & Gas sector, with a particular focus on offshore services, signalling a new era of growth, diversification, and long-term value creation for the company. 

The acquisition, completed via a subsidiary route, represents a fundamental shift in HMPL’s identity, transforming it from a pure-play infrastructure EPC (Engineering, Procurement, and Construction) company into a diversified, asset-integrated platform capable of delivering across capital-intensive, high-barrier industries. This bold move is grounded in market fundamentals and aligns directly with national energy priorities, enabling HMPL to tap into an industry segment characterised by recurring revenues, limited competition, strong demand fundamentals, and policy-driven growth tailwinds.

By integrating Quippo’s proven oilfield service capabilities with HMPL’s established execution excellence, the company is now poised to generate significant operating leverage across both its infrastructure and energy verticals. Quippo, recognised as a pioneer in India’s onshore and oilfield services landscape, substantially strengthens Hazoor Multi Projects’s operating base. Quippo brings a fleet of 14 advanced drilling rigs, ranging from 650 HP to 3000 HP, which include top-drive systems essential for deep and complex drilling operations. 

Furthermore, Quippo contributes a skilled team of over 400 oilfield professionals with global experience and a strong emphasis on safety-first operational discipline. Quippo also boasts a history of successfully delivering complex projects, including India’s deepest well in Assam, often ahead of scheduled timelines. Its diversified service offerings span directional drilling, work-over, cementing, seismic services, and integrated field development. These newly acquired capabilities immediately enhance HMPL’s qualification to pursue large-scale offshore and integrated energy services contracts, both within India and in emerging international markets.

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About the Company

Hazoor Multi Projects Ltd is a leading Indian company that builds roads, bridges and other civil engineering projects. They focus on good quality, safety and finishing projects on time. They're known for doing excellent work. They have skilled workers and the right equipment to handle big and complex projects. Hazoor Multi Projects helps India grow by building important infrastructure that boosts the economy and makes travel easier.

The company has a market cap of over Rs 990 crore. The company reported net sales of Rs 249 crore and a net profit of Rs 17 crore in its Quarterly Results (Q4FY25) while in its half-yearly results (H2FY25), the company reported net sales of Rs 414 crore and a net profit of Rs 20 crore. Looking at its annual results (FY25), the company reported net sales of Rs 638 crore and a net profit of Rs 40 crore. The Board has recommended a final dividend of Re. 0.20 per equity share (20 per cent) for the financial year 2024-25.

In FY25, DIIs took a fresh entry and bought 8,08,983 shares or 0.39 per cent stake compared to FY24. The company's shares have a PE of 25.2x whereas the sectoral PE is 40x. The stock gave multibagger returns of 257 per cent in just 2 years and a whopping 995 per cent in 3 years. From Rs 0.11 to Rs 46 per share, the stock rocketed by 42,000 per cent in 5 years.

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