Realty Stock Reports Strong Financials With Dividend After Stock Split; Do You Own?

As decided upon at the fund-raising committee meeting on July 8, 2025, Hazoor Multi Projects Limited (HMPL) has announced the allocation of 42,12,000 equity shares subsequent to the conversion of 4,21,200 warrants. Due to the exercise of warrants that were initially granted at a price of Rs 300 each, these shares, which had a face value of Rs 1 each, were issued at a price of Rs 30 per share plus a premium of Rs 29. This comes after the company's equity shares were subdivided from Rs 10 to Re 1 each.

Three non-promoter companies, Donald Ventures Private Limited, Viney Equity Market LLP, and Nexta Enterprises LLP, paid a total of Rs 9.48 crore, or 75% of the issue price, as a result of the conversion. The company's paid-up share capital, which consists of 22,91,73,410 equity shares of Re. 1 each, has grown to Rs 22,91,73,410 since the conversion. Viney Equity Market LLP received 10,00,000 shares, Donald Ventures Private Limited received 2,12,000 shares, and Nexta Enterprises LLP obtained a major chunk of the allottees, with 30,00,000 shares.

Through a competitive Swiss Challenge bidding procedure, Hazoor Multi Projects Ltd. (HMPL), one of India's fastest-growing engineering and infrastructure companies, has also recently executed the successful acquisition of Quippo Oil & Gas Infrastructure Ltd. (Quippo). By reaching this milestone, HMPL officially enters the upstream oil and gas industry in India, focusing on offshore services. This marks the beginning of a new era of expansion, diversification, and long-term value development. More than simply a strategic change, the purchase, which was carried out through a subsidiary, symbolizes HMPL's transformation from a top-performing infrastructure EPC business to a diversified platform that can provide services across high-barrier, capital-intensive sectors.

The infrastructure and engineering company Hazoor Multi Projects Limited (HMPL) recently announced the receipt of an important Letter of Award (LOA) concerning a solar photovoltaic plant as well as the completion of a strategic acquisition to diversify into new oil and gas sectors.

The company has received an Engineering, Procurement, and Construction (EPC) contract for the 200 MW solar project from Apollo Green Energy Limited (earlier Apollo International Limited) for Rs 913 crore. Under this contract, Apollo will undertake the design, engineering, supply, construction, erection, testing, and commissioning of the solar PV power project.

The solar plant will be located at Khavda (Stage-3) in Gujarat State Electricity Corporation Limited's (GSECL) Renewable Energy Solar Park. The project is expected to be completed by March 2026, which will further enhance HMPL's renewable energy project and aid India's transition towards clean energy.

In a further noteworthy development, HMPL has purchased a 51 percent equity stake in Vyom Hydrocarbon Private Limited (VHPL) for a cash payment of Rs 1,02,000. VHPL was incorporated on 11th August 2023 and operates in oil and gas services and onshore drilling. Even though VHPL has no current revenues, the acquisition of this company supports HMPL's further plans to diversify business operations.

The acquisition is not a related-party transaction. It allows HMPL to obtain a foothold in new emerging industries: oil and gas, mining and quarrying, oilfield equipment and services, consulting in drilling, and environmental engineering, including waste management and sustainability programs. The company is optimistic regarding strong synergies from the acquisition that will aid the company's growth and diversification objectives.

The company budgeted binding warrants worth Rs 73.69 lakh can be broken down from a non-promoter public category buyer who had the claim to 75% of the entire warrant value for Rs 225 per warrant, breaking down the fresh shares and giving an unlisted parity on existing equity.

This year, Hazoor was awarded a one-year toll collection contract with the National Highways Authority of India (NHAI) for Rs 22.99 crore. The contract includes the collection of tolls at the Shishikalan Fee Plaza on NH-76 in Uttar Pradesh, as well as the operation and maintenance of the associated toilet facilities. The tolling rights support infrastructure works relating to the upgrading of the Kabarai-Banda section into a dual carriageway.

The company also reported a strong financial performance for FY25. In Q4FY25, Hazoor reported net sales of Rs 249 crore while net profit stood at Rs 17 crore. For the second half of FY25, net sales reached Rs 414 crores with a profit of Rs 20 crores. For the full FY25, the company's net sales accounted for Rs 638 crore while net profit reached Rs 40 crore. The Board proposed a final dividend of Re 0.20 per equity share (20%) for the year.

As far as investor sentiment goes, Domestic Institutional Investors (DIIs) have uncovered new opportunities in FY25, purchasing 8,08,983 shares, which marks a 0.39% stake. The stock is currently trading at a PE ratio of 10x, which is a considerable discount compared to the sectoral PE of 21x.

The most recent stock split by Hazoor Multi Projects Limited reduced the face value of its equity shares from Rs 10 to Rs 1 in a 10:1 ratio. At a board meeting on July 26, 2024, this move was accepted. The split will take effect on November 7, 2024, which is also the record date. The face value of each share is now Rs 1.

Hazoor Multi Projects Ltd is one of India's largest infrastructure development companies, including roads, bridges, and other civil engineering projects. Hazoor is reputable for its quality execution and timely project delivery. This has enabled the company to significantly further India's infrastructure growth story.