Solar penny stock under Rs 50: Company bags order worth Rs 913,00,00,000 from Apollo Green Energy Ltd; More than its current market cap!
DSIJ Intelligence-1Categories: Multibaggers, Penny Stocks, Trending
From Rs 0.13 to Rs 39.67 per share, the stock rocketed by 30,000 per cent in 5 years.
Hazoor Multi Projects Limited (HMPL) has received a Letter of Award (LOA) from Apollo Green Energy Limited (formerly Apollo International Limited) for a significant Engineering, Procurement & Construction (EPC) contract. This domestic project, valued at Rs 913 crore, involves the design, engineering, supply, construction, erection, testing, and commissioning of a 200 MW Grid-connected Solar PV Power Project. The solar plant will be located at GSECL's RE Solar Park at Khavda (Stage-3) in Gujarat, and the project is slated for completion by March 2026.
Additionally, 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.
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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 Rs 866 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 190 per cent in just 2 years and a whopping 1,070 per cent in 3 years. From Rs 0.13 to Rs 39.67 per share, the stock rocketed by 30,000 per cent in 5 years.
Disclaimer: The article is for informational purposes only and not investment advice.