Multibagger penny stock under Rs 50 jumps after securing an order worth Rs 280,08,37,026.40 from Oil India Ltd

On Monday, shares of Hazoor Multi Projects Ltd jumped 6.73 per cent upper circuit to Rs 46 per share from its previous closing of Rs 43.10 per share.

Hazoor Multi Projects Ltd. (HMPL), a rapidly growing infrastructure and engineering firm, has significantly expanded its presence in the energy sector through its recently acquired subsidiary, Quippo Oil & Gas Infrastructure Ltd. Quippo has been awarded a substantial contract worth Rs 280,08,37,026.40 by Oil India Limited, a Maharatna Public Sector Undertaking. This contract involves the charter hire of one drilling rig, solidifying Quippo's expertise in upstream oil and gas services and marking HMPL's strategic entry into India's upstream energy services.

This order signifies HMPL's evolution from a pure-play EPC operator to an integrated platform capable of operating in capital-intensive industries with high barriers to entry. The acquisition of Quippo aligns with national energy priorities, aiming to reduce energy import dependence and attract over $100 billion in energy infrastructure investment by 2030. Quippo’s established capabilities, including a fleet of 14 advanced drilling rigs and a team of over 400 oilfield professionals, position HMPL to capitalise on the sustained demand for high-performance service providers in India’s expanding upstream oil and gas sector.

Quippo's proven track record, including the successful execution of over 125 wells and delivering the deepest onshore well in Indian history, further strengthens HMPL's operational base. With a diversified service portfolio spanning directional drilling, work-over operations, cementing, seismic surveys and integrated field development, Quippo enhances HMPL’s ability to pursue large-scale, integrated energy service contracts. This strategic diversification is expected to deliver stable, recurring revenue, margin durability and long-cycle growth potential, reflecting HMPL’s ambition to be a strategic partner in India’s energy and industrial growth story.

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.

The company has a market cap of over Rs 950 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 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 24x whereas the sectoral PE is 40x. The stock gave multibagger returns of 225 per cent in just 2 years and a whopping 850 per cent in 3 years. From Rs 0.13 to Rs 46 per share, the stock rocketed by 35,285 per cent in 5 years.

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