Solar penny stock under Rs 50: Company bags order of Rs 913 crore & Received PCoD for NH-66 project; 80% complete; eligible for annuity payments within 6 months!

Hazoor Multi Projects Limited (HMPL) has received a Letter of Award (LOA) from Apollo Green Energy Limited (AGEL), formerly Apollo International Limited, for an Engineering, Procurement & Construction (EPC) contract. This domestic project, valued at Rs 913 crore, pertains to the "NHPC - 200 MW, EPC Contract for Design, Engineering, Supply, Construction, Erection, Testing, and Commissioning of 200 MW Grid-connected Solar PV Power Project in GSECL's RE Solar Park at Khavda (Stage-3) in Gujarat." HMPL will be responsible for arranging the necessary financing for this project, with the understanding clarified on July 3rd, 2025, that AGEL will share 5% of the contract value in lieu of financing the project, providing better clarity on the fixed margin for HMPL. The project is slated for completion by March 2026.

Additionally, the company’s wholly-owned subsidiary, Hazoor Infra Projects Private Limited (HIPPL), has received the Provisional Commercial Operation Date (PCoD) from the Ministry of Road Transport and Highways (MoRTH). This significant milestone, declared on March 30, 2025, is for the Hybrid Annuity Mode (HAM) Project involving the "Rehabilitation and Up-gradation of Arawali-Kante Section of NH-66 (erstwhile NH-17) from Km 241/300 to Km 281/300 [Design Chainage 76.880 to 116.120] to Four-Lane with Paved Shoulders in the State of Maharashtra." With the declaration of PCoD, HIPPL is now eligible to receive annuity payments from MoRTH within six months. Furthermore, HIPPL has been granted a Provisional Completion Certificate, confirming the completion of 31.395 kilometres, which represents 80.01% of the total project length of 39.240 kilometres.

Earlier, the company has acquired a 51 per cent equity stake in Vyom Hydrocarbon Private Limited (VHPL) for Rs 1,02,000 in cash. This strategic acquisition, now complete, expands HMPL's business into new sectors, including mining and quarrying, the broader oil and gas industry (extraction, oilfield equipment and services, drilling, consulting), and environmental engineering and waste management. VHPL, incorporated in August 2023 with no current turnover, operates in oil and gas services and onshore drilling, aligning with HMPL's long-term growth and diversification goals.

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 1,000 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 10x whereas the sectoral PE is 21x. The stock gave multibagger returns of 220 per cent in just 2 years and a whopping 1,275 per cent in 3 years. From Rs 0.13 to Rs 47.45 per share, the stock rocketed by 36,400 per cent in 5 years.

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