This micro-cap company submitted binding offer for potential acquisition of part of EPC business of Gammon Engineers and Contractors Pvt Ltd

DSIJ Intelligence-1 / 19 Aug 2025/ Categories: Mindshare, Trending

This micro-cap company submitted binding offer for potential acquisition of part of EPC business of Gammon Engineers and Contractors Pvt Ltd

From Rs 0.13 to Rs 43.55 per share, the stock rocketed by 33,400 per cent in 5 years.

Hazoor Multi Projects Limited (HMPL) has formally submitted a binding offer to the lenders of Gammon Engineers and Contractors Private Limited (GECPL) to acquire a portion of GECPL's Engineering, Procurement and Construction (EPC) business. This offer is contingent upon receiving all necessary approvals, the completion of procedural steps and its acceptance by the lenders. This strategic move aims to expand HMPL's EPC portfolio and enhance its market presence in the infrastructure sector.

The proposed acquisition is a strategic alignment for HMPL, which has a strong track record in the EPC sector. GECPL, a well-established company with a proven history in civil engineering and infrastructure, is currently involved in projects across transportation, power and urban infrastructure. The lenders of GECPL are presently evaluating restructuring options under the Reserve Bank of India’s framework for stressed assets. HMPL sees this as a key opportunity to bolster its business and capitalise on GECPL's established expertise.

Earlier, the company had 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 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 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 235 per cent in just 2 years and a whopping 640 per cent in 3 years. From Rs 0.13 to Rs 43.55 per share, the stock rocketed by 33,400 per cent in 5 years.

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