Multibagger penny stock under Rs 50: Company approved offer for Gammon EPC business acquisition & PAT jumps 46% in Q1FY26

On Thursday, shares of Hazoor Multi Projects Ltd gained 1.61 per cent to Rs 44.05 per share from its previous closing of Rs 43.35 per share. The stock’s 52-week high is Rs 63.90 per share and its 52-week low is Rs 32 per share.

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 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.

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According to the Quarterly Results (Q1FY26), the net sales increased by 156 per cent to Rs 180.01 crore and a 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. Hazoor Multi Projects Ltd. (HMPL) considered and accorded its approval to submit the binding offer (Offer) to the lenders of Gammon Engineers and Contractors Private Limited (Gammon) for the potential acquisition of the relevant EPC Business of the Gammon, subject to all necessary approvals and completion of procedural formalities.

Additionally, the company has made a strategic entry into India's upstream energy services sector through its newly acquired subsidiary, Quippo Oil & Gas Infrastructure Ltd. Quippo recently secured a significant Rs 280,08,37,026.40 contract from Oil India Limited for the charter hire of a drilling rig, showcasing its established expertise in upstream oil and gas. This move transforms HMPL from an EPC operator into an integrated platform, aligning with national energy goals to reduce import dependence. With a fleet of 14 advanced drilling rigs and a track record of successfully executing over 125 wells, Quippo enhances HMPL's capabilities in diverse services like directional drilling and integrated field development, promising stable, recurring revenue and long-term growth in India's expanding energy landscape.

The company has a market cap of over Rs 950 crore. In June 2025, 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 220 per cent in just 2 years and a whopping 800 per cent in 3 years. From Rs 0.13 to Rs 44.05 per share, the stock rocketed by 27,430 per cent in 5 years.

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