By Chaitanya
BBA Finance Graduate & 6+ Years of Experience in Stock market & Finance
Hazoor Multi Projects Ltd (HMPL), a name that has certainly caught the eye of investors, continues its impressive trajectory, demonstrating robust financial growth and strategic foresight. On August 14, 2025, the company’s shares saw a 2% rise, closing at ₹44.05 on the Bombay Stock Exchange (BSE), building on strong Q1FY26 results. This performance is a testament to HMPL’s dynamic operational capabilities and its ambitious expansion strategy.
The company has not only delivered exceptional financial figures but has also embarked on a significant transformation, moving from a conventional EPC operator to an integrated energy infrastructure platform. This strategic pivot, coupled with remarkable returns for shareholders over the past five years, positions Hazoor Multi Projects Ltd as a noteworthy player in the Indian market.
HMPL’s Stellar Q1FY26 Performance
Hazoor Multi Projects Ltd has kicked off its financial year 2025-26 with an outstanding performance in the first quarter (April-June 2025). The company reported a significant surge in its financial metrics, reflecting strong business momentum and successful project execution. As per the official Q1FY26 financial results, HMPL’s net profit climbed by a remarkable 45.77%, reaching ₹13.79 crore, compared to ₹9.46 crore in the same quarter last fiscal year (Q1FY25).
Revenue figures painted an even more impressive picture, skyrocketing by an astounding 156.22% to ₹180.12 crore in Q1FY26, a substantial leap from ₹71.44 crore recorded in Q1FY25. Delving deeper, the standalone net profit for HMPL showed an extraordinary increase of 10,412.50%, from a mere ₹0.08 crore in Q1FY25 to a robust ₹8.41 crore in Q1FY26. These figures underscore the company’s ability to drive growth and enhance profitability across its operations.
A Journey of Exceptional Gains: Hazoor Multi Projects Ltd’s Share Performance
For long-term investors, Hazoor Multi Projects Ltd has been an extraordinary wealth creator, often termed a ‘multibagger’ due to its phenomenal returns. Over the past five years, the company’s shares have delivered an astonishing return ranging from approximately 36,150% to 36,233%. To put this into perspective, the benchmark index during the same period offered returns of around 112.82%, highlighting HMPL’s significant outperformance.
While the five-year performance is stellar, the stock’s recent movements also show interesting trends. In the last year, HMPL has provided a 12% gain, with July 2025 alone contributing a 10% increase. As of mid-August 2025, the stock has already gained 1.5%. However, it’s worth noting that the stock has seen a correction of -18.40% year-to-date in 2025. The 52-week high for the stock was ₹63.90 in September 2024, while its 52-week low stood at ₹32.00 in March 2025. This volatility is typical of high-growth small-cap stocks. Investors can track detailed performance via BSE stock data.
Share Price Historical Gains Over 5 Years
| Time Period | Return (%) | Benchmark Index Return (%) |
|---|---|---|
| 5 Years | ~36,150 to 36,233 | 112.82 |
| 2 Years | 215 | − |
| Year-to-date 2025 | −18.40 (correction) | − |
Strategic Transformation: HMPL’s Bold Foray into Energy Infrastructure
Hazoor Multi Projects Ltd is not just relying on its existing businesses; it’s actively shaping its future through strategic acquisitions and diversification. A key recent development includes the approval of a binding offer for the acquisition of Gammon Engineers and Contractors Private Limited’s EPC (Engineering, Procurement, and Construction) business. This move is set to significantly bolster HMPL’s infrastructure capabilities.
Further demonstrating its strategic vision, HMPL has made a decisive entry into the upstream energy services sector through the acquisition of Quippo Oil & Gas Infrastructure Ltd. This acquisition has already started yielding fruit, with Quippo securing a substantial ₹280.1 crore contract from Oil India Limited (a Maharatna PSU) for drilling rig charter hire. This contract highlights the immediate value addition of Quippo to HMPL’s portfolio and marks a significant step in the company’s transformation from a traditional EPC operator to a comprehensive integrated energy infrastructure platform. This strategic expansion into the energy sector opens up new avenues for growth and revenue streams for HMPL.
Major Contract Win (Q1FY26)
| Contract Value | Client | Executing Entity |
|---|---|---|
| ₹280.1 crore | Oil India Limited (Maharatna PSU) | Quippo Oil & Gas Infrastructure Ltd. (subsidiary) |
A Look at HMPL’s Valuation Metrics
As of August 13, 2025, Hazoor Multi Projects Ltd’s valuation metrics provide insights into its market positioning. The Price-to-Earnings (P/E) ratio, based on trailing twelve months (TTM) earnings of ₹39.98 crore, stands at 24.94. This indicates a moderate valuation, balancing growth prospects with market expectations. The Price-to-Book (P/B) ratio is 2.18, calculated against a book value of ₹457.80 crore, suggesting that the stock trades at a reasonable multiple of its net asset value.
The Price-to-Sales (P/S) ratio, based on TTM revenue of ₹637.68 crore, is 1.56. Interestingly, other valuation metrics such as Enterprise Value to EBITDA (EV/EBITDA), Enterprise Value to Sales (EV/Sales), and Price/Sales show significant discounts of -98%, -43%, and -55% respectively. These figures often signal that the company’s market capitalisation, when considered with its debt and cash, is at a discount relative to its earnings, sales, or operational cash flow, which could be an area for deeper analysis by investors.
Valuation Metrics (As of August 13, 2025)
| Ratio | Value |
|---|---|
| P/E (TTM earnings) | 24.94 (based on Rs 39.98 Cr earnings) |
| P/B (Book Value) | 2.18 (based on Rs 457.80 Cr book value) |
| P/S (TTM revenue) | 1.56 (based on Rs 637.68 Cr revenue) |
| EV/EBITDA | -98% (discount) |
| EV/Sales | -43% (discount) |
| Price/Sales | -55% (discount) |
Conclusion
Hazoor Multi Projects Ltd (HMPL) continues to demonstrate its significant potential in the Indian market. The impressive Q1FY26 financial results, marked by substantial increases in both net profit and revenue, underscore the company’s robust operational strength. Coupled with its strategic acquisitions, particularly the entry into the upstream energy sector via Quippo and the substantial contract win from Oil India Limited, HMPL is actively transforming its business model for future growth.
The stock’s extraordinary multibagger returns over five years speak volumes about its past performance, and its ongoing strategic initiatives suggest a promising outlook. As Hazoor Multi Projects Ltd evolves into an integrated energy infrastructure platform, it presents an interesting case for investors keenly watching the small-cap segment for companies with solid growth fundamentals and visionary leadership.
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