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Latest filing: 2026-08-27 17:58
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8 announcements match the current filters (relevance ≥ 5).
Hazoor Multi Projects' stake in subsidiary SPSPL dilutes to 53.76% post ₹25.85 Cr share allotment
Hazoor Multi Projects Limited (HMPL) announced that its subsidiary, Square Port Shipyard Private Limited (SPSPL), has approved a preferential allotment of 1,18,800 equity shares at an issue price of ₹2,176 per share (face value ₹10 plus ₹2,166 premium). The shares were allotted to Master Financial Services Limited for a total fund infusion of approximately ₹25.85 crore. As a result, HMPL's equity stake in SPSPL has diluted from 96.33% to 53.76%, while SPSPL continues to remain a subsidiary.
Confidence: HIGH
What changedSPSPL issued new equity shares to an external investor, reducing Hazoor's ownership percentage from 96.33% to 53.76%.
Why it mattersThe fundraise brings ₹25.85 crore of fresh capital into the subsidiary (equivalent to ~4.5% of Hazoor's market cap) to fund operations or growth without direct parent dilution, though Hazoor's share of future subsidiary profits will decrease proportionally.
Issue price per share: Rs. 2,176Total shares allotted: 1,18,800Total fundraise value: ₹25.85 CrPre-allotment stake: 96.33%Post-allotment stake: 53.76%Fundraise vs Parent Market Cap: ~4.5%
📅 Short termNeutral; the transaction provides liquidity at the subsidiary level without parent cash outflow, while maintaining controlling subsidiary status.
📈 Long termEnhances capital strength at the shipyard subsidiary, though Hazoor will now capture a lower share (53.76% vs 96.33%) of SPSPL's earnings.
⚠ Risk flags
- Economic dilution of future profit share from the shipyard subsidiary
Key Highlights
SPSPL allotted 1,18,800 equity shares at an issue price of ₹2,176 per share to Master Financial Services Limited
Total capital raised by the subsidiary stands at approximately ₹25.85 crore
Hazoor Multi Projects' equity stake in SPSPL drops from 96.33% to 53.76%
Absolute shareholding of HMPL remains unchanged at 1,44,500 equity shares, retaining majority control
👀 What to Watch
Track the deployment of the ₹25.85 crore capital infusion at the subsidiary level and observe SPSPL's contribution to upcoming consolidated quarterly financials.
Hazoor Multi Projects Wins ₹193.85 Cr NHAI Toll Collection Order in Tamil Nadu
Hazoor Multi Projects Limited has secured a Letter of Award (LOA) dated August 25, 2026, from the National Highways Authority of India (NHAI). The contract is for the collection of user fees at Paranur Fee Plaza on NH-45 in Tamil Nadu, along with upkeep of adjacent toilet blocks. The total contract value is ₹193.85 crore (₹193,85,14,635) to be executed over a 1-year period. This represents a significant top-line boost compared to its Jun 2026 quarterly revenue of ₹119.66 crore.
Confidence: HIGH
What changedHazoor Multi Projects has been awarded a new 1-year NHAI toll collection contract worth ₹193.85 crore.
Why it mattersThe order value of ₹193.85 crore provides strong 12-month revenue visibility, exceeding 1.6x the company's recent quarterly revenue of ₹119.66 crore.
Order value: ₹193,85,14,635Execution period: One YearJun 2026 Quarterly Revenue: ₹119.66 Cr
📅 Short termPositive sentiment driver as a large sovereign contract win enhances order book and near-term revenue visibility.
📈 Long termDemonstrates capability to win competitive NHAI bids, though sustained value creation depends on operating profitability on toll collection projects.
⚠ Risk flags
🔬 Flagged for deeper Multibagger analysis — view briefs →
- Declining promoter shareholding (down to 13.7% in Jun 2026 from 17.59% in Sep 2025)
- Toll collection traffic and margin execution risks over the 1-year duration
Key Highlights
Awarded NHAI contract valued at ₹193,85,14,635 (₹193.85 crore)
Contract duration is set for 1 year
Scope includes toll collection at Paranur Fee Plaza (km 52.820, NH-45) in Tamil Nadu and maintenance of toilet blocks
Contract awarded through a domestic competitive bidding process
👀 What to Watch
Track the project commencement date and margin contribution in upcoming quarterly financial results.
Hazoor Multi Projects Wins Rs 28.47 Cr NHAI Toll Collection Contract in Jharkhand
Hazoor Multi Projects Limited has been awarded a Letter of Award (LOA) dated August 14, 2026, by the National Highways Authority of India (NHAI). The contract is valued at Rs 28.47 crore for a tenure of one year. The scope involves user fee collection at the Madangundi Fee Plaza on NH-31 in Jharkhand along with upkeep and maintenance of adjacent toilet blocks. The order provides incremental operating cash flows relative to its latest quarterly revenue of Rs 119.66 crore (Jun 2026).
Confidence: HIGH
What changedHazoor Multi Projects secured a new 1-year toll collection contract from NHAI worth Rs 28.47 crore.
Why it mattersProvides near-term revenue visibility and adds cash-flow generating operations to the company's road infrastructure portfolio.
Order Value: Rs 28.47 CrContract Tenure: 1 YearJun 2026 Revenue: Rs 119.66 Cr
📅 Short termIncremental positive operational development providing immediate revenue visibility over the next 12 months.
📈 Long termLimited structural impact given the short 1-year operational tenure and modest contract size relative to base.
⚠ Risk flags
- Short contract duration (1 year renewal risk)
- Toll collection operations and traffic volatility risks
- Low promoter holding at 13.7%
Key Highlights
Awarded LOA by NHAI with a total contract value of Rs 28.47 crore
Contract duration is 1 year for user fee collection at Madangundi Fee Plaza on NH-31
Scope includes upkeep and maintenance of adjacent toilet blocks
Won via competitive bidding through NHAI E-tender
👀 What to Watch
Monitor contract commencement date and margin contribution from toll operations in forthcoming quarterly filings.
Rs 28.47 Cr NHAI Order Win for User Fee Collection in Tamil Nadu
Hazoor Multi Projects Ltd has received a Letter of Award (LOA) from the National Highways Authority of India (NHAI) for user fee collection at the Thirupapachethi fee plaza in Tamil Nadu. The contract is valued at Rs 28.47 crore, representing approximately 7.06% of the company's TTM revenue of Rs 403 crore. The engagement is for a period of one year and includes the upkeep and maintenance of adjacent toilet blocks. This win adds a short-term service-based revenue stream to the company's portfolio.
Confidence: HIGH
What changedHazoor Multi Projects has transitioned from a bidder to an active contractor for NHAI at the Thirupapachethi fee plaza following a competitive bidding process.
Why it mattersThe order provides immediate revenue visibility for the next 12 months and reinforces the company's credentials with a major government entity like NHAI, despite the relatively small size compared to its market cap.
Order Value: Rs 28.47 CrOrder vs TTM Revenue: ~7.06%Execution Period: 1 YearTTM Revenue: Rs 403 CrMarket Cap: Rs 517 Cr
📅 Short termThe news is likely to be viewed positively by the market as it demonstrates active business development and a fresh order win from a reputable government body.
📈 Long termLimited structural significance due to the short one-year tenure of the contract; however, it contributes to the company's track record in the infrastructure services segment.
⚠ Risk flags
- Short contract duration (1 year)
- Declining promoter holding (from 17.59% in Sep 2025 to 13.7% in Jun 2026)
- Execution risk inherent in toll collection operations
Key Highlights
Awarded a contract worth Rs 28.47 crore by the National Highways Authority of India (NHAI).
The contract duration is specified as one year for user fee collection.
Project is located at Km 30.188 on the Madurai-Paramakundi-Ramanathpuram section of NH-49.
Order value represents ~7.06% of the company's TTM revenue of Rs 403 crore.
Scope includes maintenance of adjacent toilet blocks and recouping consumable items.
👀 What to Watch
Investors should monitor the company's execution efficiency in this service-oriented contract and watch for the impact on operating margins, which stood at 31.3% TTM. Additionally, observe if the company can secure longer-term infrastructure projects to offset the short-term nature of this contract.
₹0.30 Cr Consolidated PAT in Q1 FY27, down 97.8% YoY; 1.44 Lakh shares forfeited
Hazoor Multi Projects Ltd reported a sharp decline in consolidated financial performance for the quarter ended June 30, 2026. Consolidated net profit plummeted to ₹0.30 Cr from ₹13.79 Cr in the year-ago period, representing a 97.8% drop. Revenue from operations also fell 33.5% YoY to ₹119.66 Cr. A significant surge in depreciation and amortization expenses to ₹90.88 Cr (compared to ₹1.40 Cr YoY) was the primary driver for the bottom-line compression. Additionally, the board approved the forfeiture of 1,44,590 partly paid-up equity shares due to non-payment of call money.
Confidence: HIGH
What changedThe company experienced a severe contraction in consolidated profitability and revenue, alongside a major increase in non-cash depreciation charges.
Why it mattersThe sharp earnings miss and high depreciation suggest either a significant change in the asset base or potential accounting adjustments, impacting the company's valuation and debt-servicing capacity.
Consolidated Revenue (Q1 FY27): ₹119.66 CrConsolidated PAT (Q1 FY27): ₹0.30 CrYoY Revenue Growth: -33.5%Depreciation Expense (Consolidated): ₹90.88 CrConsolidated Debt Equity Ratio: 0.64
📅 Short termThe stock is likely to face downward pressure in the short term due to the significant earnings miss and the sharp drop in margins.
📈 Long termThe long-term outlook remains cautious given the low promoter holding, high debt levels, and the sudden volatility in operating expenses.
⚠ Risk flags
- 97.8% YoY drop in consolidated profit
- Massive spike in depreciation expenses
- Low promoter holding at 13.7%
- Weak Interest Service Coverage Ratio of 1.22
Key Highlights
Consolidated Net Profit fell 97.8% YoY to ₹0.30 Cr from ₹13.79 Cr.
Consolidated Revenue from Operations decreased 33.5% YoY to ₹119.66 Cr.
Depreciation and Amortization expenses surged to ₹90.88 Cr from ₹1.40 Cr in the previous year's quarter.
Interest Service Coverage Ratio (ISCR) deteriorated to 1.22 from 4.81 YoY.
Forfeiture of 1,44,590 partly paid-up equity shares (post-split face value of ₹1) approved due to unpaid call money.
👀 What to Watch
Investors should investigate the cause of the massive spike in depreciation (₹90.88 Cr), which wiped out operating margins. Monitor the declining promoter holding trend (currently 13.7%) and the company's ability to service debt given the low ISCR of 1.22.
Hazoor Multi Projects Q1 Net Profit Drops to ₹0.30 Cr; 1.44 Lakh Shares Forfeited
Hazoor Multi Projects Ltd (HMPL) reported a weak Q1 FY27 with consolidated net profit plummeting to ₹0.30 Cr from ₹13.79 Cr in the year-ago period. Consolidated revenue from operations declined 33.5% YoY to ₹119.66 Cr. A primary driver for the profit collapse was a massive spike in depreciation and amortization expenses, which surged to ₹90.88 Cr compared to just ₹1.40 Cr in Q1 FY26. Separately, the board approved the forfeiture of 1,44,590 partly paid-up equity shares (post-split) due to non-payment of call money from a 2023 rights issue.
Confidence: HIGH
What changedThe company transitioned from a high-margin quarter to a near-break-even consolidated result, primarily due to a massive increase in non-cash depreciation charges and lower subcontracting-led revenue.
Why it mattersThe sharp drop in profitability and high asset-related charges significantly impact the P/E valuation and cash flow perception, especially given the company's existing debt of ₹305 Cr.
Consolidated Revenue (Q1 FY27): ₹119.66 CrConsolidated Net Profit (Q1 FY27): ₹0.30 CrDepreciation Expense (Q1 FY27): ₹90.88 CrYoY Revenue Growth: -33.5%Shares Forfeited (Post-split): 1,44,590 units
📅 Short termThe stock is likely to face pressure due to the significant earnings miss and the massive increase in expenses that eroded the bottom line.
📈 Long termThe long-term outlook depends on whether the newly capitalized assets (driving the high depreciation) can generate sufficient operational cash flow to service debt and improve margins.
⚠ Risk flags
- Sharp decline in consolidated margins
- Massive spike in depreciation expenses
- Declining promoter holding (17.59% to 13.7% over the last year)
- High debt-to-equity ratio for a small-cap firm
Key Highlights
Consolidated Net Profit fell 97.8% YoY to ₹0.30 Cr in Q1 FY27.
Consolidated Revenue from operations decreased to ₹119.66 Cr from ₹180.02 Cr YoY.
Depreciation and Amortization expenses surged to ₹90.88 Cr from ₹1.40 Cr in the previous year's quarter.
Board forfeited 1,44,590 partly paid-up equity shares (face value ₹1) for non-payment of call money.
Consolidated EPS dropped to ₹0.01 for the quarter from ₹0.61 in Q1 FY26.
👀 What to Watch
Investors should investigate the cause of the ₹90.88 Cr depreciation charge, which suggests significant new asset capitalization or a change in accounting for infrastructure assets. Watch for management commentary on the 33% revenue decline in the consolidated entity versus the slight growth in standalone operations.
Rs 24.33 Cr NHAI Order Win for User Fee Collection in Madhya Pradesh
Hazoor Multi Projects Ltd has received a Letter of Award (LOA) from the National Highways Authority of India (NHAI) for user fee collection at the Ramnagar fee plaza in Madhya Pradesh. The contract is valued at Rs 24.33 crore for a duration of one year. This order represents approximately 6% of the company's TTM revenue of Rs 403 crore. The scope includes fee collection and maintenance of adjacent toilet blocks on the Baran-Shivpuri section of NH27.
Confidence: HIGH
What changedThe company has transitioned from a bidder to an official contractor for a specific NHAI toll plaza in Madhya Pradesh.
Why it mattersThis provides a steady, short-term revenue stream and maintains the company's track record with NHAI, although the contract size is relatively small compared to total annual revenue.
Order Value: Rs 24,33,33,090Order vs TTM Revenue: ~6.04%Contract Duration: 1 YearTTM Revenue: Rs 403 CrPromoter Holding: 13.7%
📅 Short termThe news is likely to be viewed positively as it demonstrates ongoing business wins, though the impact may be tempered by the stock's recent downward trend.
📈 Long termLimited structural impact as the contract is only for one year and does not represent a significant expansion of the company's core asset base.
⚠ Risk flags
- Low promoter holding (13.7%)
- Short-term contract duration (1 year)
- High debt levels relative to market cap (Rs 305 Cr debt vs Rs 509 Cr Mcap)
Key Highlights
Awarded a contract worth Rs 24,33,33,090 by NHAI for user fee collection.
The contract has a fixed execution period of one year.
Project covers the Ramnagar fee plaza on the Baran-Shivpuri section of NH27 in Madhya Pradesh.
Order value is approximately 6.04% of the company's TTM revenue of Rs 403 crore.
Includes upkeep and maintenance of adjacent toilet blocks as part of the contract terms.
👀 What to Watch
Investors should monitor the company's execution efficiency and its ability to maintain operating margins, which stood at 31.3% TTM, while managing service-oriented tolling contracts.
Hazoor Multi Projects submits application for direct listing on NSE Main Board
Hazoor Multi Projects Ltd (HMPL) has formally submitted its application for direct listing on the Main Board of the National Stock Exchange (NSE) on July 08, 2026. This follows the Board of Directors' approval of the proposal on May 26, 2026. The listing is currently pending requisite approvals and regulatory clearances from the NSE. A successful listing on the NSE Main Board is expected to improve the stock's liquidity and visibility among a broader investor base.
Confidence: HIGH
What changedThe company has moved from internal board approval to the formal regulatory application stage for listing its shares on the NSE.
Why it mattersListing on the NSE Main Board typically enhances a company's corporate profile, increases trading liquidity, and facilitates better price discovery by attracting institutional investors.
Application Date: July 08, 2026Board Approval Date: May 26, 2026
📅 Short termThe announcement may generate positive sentiment in the short term as the company progresses toward a major exchange listing.
📈 Long termLong-term benefits include improved access to capital markets and potentially higher institutional participation due to NSE's wider reach.
⚠ Risk flags
- Regulatory approval from NSE is pending and not guaranteed
Key Highlights
Application for direct listing on NSE Main Board submitted on July 08, 2026
Board of Directors previously approved the listing proposal on May 26, 2026
Listing is subject to regulatory clearances and permissions from the NSE
👀 What to Watch
Investors should monitor for the official approval notification from the NSE and the subsequent announcement of the listing date and trading commencement.
