40000% Returns In 10 Years: This Microcap Dividend Paying Multibagger Stock Acquires Square Port Shipyard

Hazoor Multi Projects, a microcap listed on the BSE, has announced the acquisition of Square Port Shipyard Private Limited, based in Kolkata. The acquisition, disclosed through an exchange filing on April 22, marks a move by Hazoor Multi Projects to expand its operations and diversify its portfolio.

Hazoor Multi Projects has acquired 100% equity shares of Square Port Shipyard for a cash consideration of approximately Rs 4 crore. Established in 2022, Square Port Shipyard specializes in the manufacturing and repair of vessels and related items. The acquisition is aimed at leveraging economies of scale and fostering better growth prospects for Hazoor Multi Projects.

The shares of Hazoor Multi Projects were seen trading with cuts of 2% at Rs 380.35 per share as of 11:45 am on the Bombay Stock Exchange (BSE). The company's stock has witnessed an impressive performance on Dalal Street. According to BSE analytics as of April 22, the share price has skyrocketed, delivering multibagger returns to its investors. In just six months, the stock has surged by 227%, and over one year, it has seen a rally of 306%. The long-term investors have seen astronomical gains, with returns of 1,695% over two years and 9,342% over three years.

Investing in Hazoor Multi Projects has proven to be immensely lucrative for shareholders. Over a span of five years, investors have seen their wealth grow by 29,302%, and over a decade, the returns have soared to an incredible 39,502%. Illustrating the phenomenal growth potential, a hypothetical investment of Rs 25,000 made in Hazoor Multi Projects shares a decade ago would now be valued at nearly Rs 1 crore.

Hazoor Multi Projects operates in the infrastructure and real estate sectors and boasts a market capitalization of Rs 724.18 crore. In the third quarter of the financial year 2023-24 (Q3FY24), the company reported a net profit of Rs 10.29 crore, further solidifying its position in the market.

The acquisition of Square Port Shipyard represents a strategic move by Hazoor Multi Projects to capitalize on emerging opportunities in the maritime industry. With its track record of impressive growth and a commitment to diversification, Hazoor Multi Projects continues to be a frontrunner in the market.