Hazoor Multi Projects Ltd allocates 4,91,000 equity shares consequent to the conversion of warrants
DSIJ Intelligence-1 / 28 Oct 2025/ Categories: Multibaggers, Trending
From Rs 0.18 to Rs 33.47 per share, the stock rocketed 18,494 per cent in 5 years.
Hazoor Multi Projects Limited (HMPL) completed a preferential allotment of 4,91,000 equity shares (Re 1 face value, Rs 30 issue price) to two non-promoter investors, Dilip Keshrimal Sanklecha and Vaibhav Dimri. This allotment followed the conversion of 49,100 warrants (originally issued at Rs 300 each and adjusted for a 10:1 stock split), upon receipt of the final 75 per cent payment (Rs 1,10,47,500). This conversion increased HMPL's issued and paid-up capital to Rs 23,33,39,910, with 79,61,850 warrants still outstanding.
Earlier, HMPL allotted 12,50,000 equity shares of Re 1 each at Rs 30 per share to Seabird Leasing and Finvest Private Limited, which followed the conversion of 1,25,000 warrants after a 10:1 stock split (from Rs 10 to Re 1 face value). The conversion was finalised upon receiving the remaining 75 per cent payment, increasing HMPL's issued and paid-up capital to Rs 23,28,48,910 equity shares of Re 1 each.
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 750 crore. In September 2025, FIIs bought 55,72,348 shares and increased their stake to 23.84 per cent compared to June 2025. The company's shares have a PE of 17x whereas the sectoral PE is 42x. The stock gave multibagger returns of 170 per cent in just 2 years and a whopping 420 per cent in 3 years. From Rs 0.18 to Rs 33.47 per share, the stock rocketed 18,494 per cent in 5 years.
Disclaimer: The article is for informational purposes only and not investment advice.