Multibagger penny stock under Rs 50: Company submitted binding offer to acquire EPC business of Gammon Engineers under lender restructuring

DSIJ Intelligence-1 / 18 Aug 2025/ Categories: Multibaggers, Penny Stocks, Trending

Multibagger penny stock under Rs 50: Company submitted binding offer to acquire EPC business of Gammon Engineers under lender restructuring

From Rs 0.13 to Rs 44.70 per share, the stock rocketed by 29,700 per cent in 5 years.

Hazoor Multi Projects Limited (HMPL) has submitted a binding offer to the lenders of Gammon Engineers and Contractors Private Limited (GECPL) for a potential acquisition of a portion of GECPL's Engineering, Procurement, and Construction (EPC) business. This offer is contingent on all necessary approvals and the lenders' acceptance. GECPL, established in 1922, is a respected subsidiary of Gammon India Limited, known for its extensive experience in civil engineering and infrastructure projects across diverse sectors, including transportation, power, and water.

This proposed acquisition is a strategic move for HMPL, aiming to strengthen its position and expand its portfolio within the EPC sector. GECPL's lenders are currently exploring restructuring options under the Reserve Bank of India's Prudential Framework for Resolution of Stressed Assets.

Additionally, the company has strategically entered India's upstream energy services sector by acquiring Quippo Oil & Gas Infrastructure Ltd. Quippo recently secured a Rs 2,80,08,37,026.40 contract from Oil India Limited for a drilling rig, highlighting its expertise. This acquisition transforms the company into an integrated platform, aligning with national energy goals to reduce import dependence. With 14 advanced drilling rigs and a track record of over 125 wells, Quippo enhances capabilities in directional drilling and integrated field development, promising stable, recurring revenue and long-term growth in India's expanding energy landscape.

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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 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 Rs 945 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 230 per cent in just 2 years and a whopping 670 per cent in 3 years. From Rs 0.13 to Rs 44.70 per share, the stock rocketed by 29,700 per cent in 5 years.

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