532467
Haz.Multi Proj. financials
- Market cap
- ₹520 Cr
- Sector
- Construction
What Haz.Multi Proj. does
Hazoor Multi Projects Limited (HMPL) builds roads, highways and irrigation infrastructure for government bodies and PSUs, including NHAI, under Engineering, Procurement & Construction (EPC) and Hybrid Annuity Mode (HAM) models. It also runs user fee (toll) collection agencies at multiple highway fee plazas across India. Through wholly owned subsidiaries and an associate company it has expanded into renewable energy project development, shipbuilding, oil & gas field equipment/drilling services, and real estate/infrastructure development, including an international subsidiary in the UK.
Segments
- Roads & highways (EPC/HAM)
- Toll / user-fee collection
- Renewable energy
- Shipbuilding
- Oil & gas field equipment / drilling services
- Real estate & infrastructure development
- Toll/fee plazas under collection agency contracts
- 4 (Bogalur NH-49 TN, Bijora NH-361 Maharashtra, Shrishikalan, Hulikunte NH-648 Karnataka)
- Wholly owned subsidiaries
- 4 (Hazoor Infra Projects, Hazoor New & Renewable Energy, Square Port Shipyard, Hazoor Multi Projects UK)
- Associate company
- 1 (Rappture Projects Pvt Ltd)
- Four-laning SPV project length (Hazoor Infra Projects)
- 39.24 km (Arawali Kante section, NH-17/New NH-66, Maharashtra)
- EPC highway widening project (NSK-II-24(A))
- SH-6, KM 121/200 to 169/500, Nandurbar dist. to Gujarat border
- Stake in oil & gas equipment/drilling subsidiary (Vyom Hydrocarbon)
- 51%
Quarterly results
Q1 FY27: revenue down 33.5%, net profit down 97.8% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 153 | 165 | 249 | 180 | 102 −33% | 139 −16% | 158 −37% | 120 −34% |
| EBITDA | 18 | 10 | 45 | 26 | -4 −122% | 29 +194% | 127 +182% | 101 +290% |
| Net profit | 11 | 3 | 17 | 14 | -10 −190% | 6 +137% | 32 +93% | 0 −98% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance −53.4% 1Y
1Y: ₹41.14 on 10 Sept 2025 → ₹19.17. High ₹41.48 (18 Sept 2025), low ₹18.98 (2 Sept 2026).
Financials, as filed
Revenue fell 15.9% a year over 2 years, FY24 to FY26. Operating margin widened to 30.8%.
| Year ending | FY24 | FY25 | FY26 |
|---|---|---|---|
| Revenue | ₹819 Cr | ₹638 Cr | ₹580 Cr |
| Operating profit | ₹130 Cr | ₹88 Cr | ₹178 Cr |
| Operating margin | 15.8% | 13.9% | 30.8% |
| Interest | ₹2 Cr | ₹14 Cr | ₹45 Cr |
| Depreciation | ₹0 Cr | ₹24 Cr | ₹86 Cr |
| Net profit | ₹98 Cr | ₹40 Cr | ₹43 Cr |
| Net margin | 11.9% | 6.3% | 7.4% |
| Cash from operations | ₹-123 Cr | ₹-145 Cr | ₹97 Cr |
| Free cash flow | ₹-123 Cr | ₹-242 Cr | ₹30 Cr |
| ROCE | — | 14.0% | 12.0% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY13 | FY14 | FY15 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹10 Cr | ₹10 Cr | ₹10 Cr | ₹19 Cr | ₹23 Cr | ₹29 Cr |
| Reserves | ₹9 Cr | ₹9 Cr | ₹9 Cr | ₹218 Cr | ₹458 Cr | ₹595 Cr |
| Borrowings | ₹3 Cr | ₹0 Cr | ₹0 Cr | ₹110 Cr | ₹381 Cr | ₹455 Cr |
| Other liabilities | ₹3 Cr | ₹1 Cr | ₹0 Cr | ₹309 Cr | ₹444 Cr | ₹608 Cr |
| Total liabilities | ₹25 Cr | ₹20 Cr | ₹19 Cr | ₹656 Cr | ₹1.3k Cr | ₹1.7k Cr |
| Fixed assets | ₹13 Cr | ₹13 Cr | ₹13 Cr | ₹16 Cr | ₹176 Cr | ₹126 Cr |
| Capital work in progress | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹65 Cr |
| Investments | ₹1 Cr | ₹0 Cr | ₹0 Cr | ₹30 Cr | ₹9 Cr | ₹9 Cr |
| Other assets | ₹12 Cr | ₹7 Cr | ₹6 Cr | ₹610 Cr | ₹1.1k Cr | ₹1.5k Cr |
| Total assets | ₹25 Cr | ₹20 Cr | ₹19 Cr | ₹656 Cr | ₹1.3k Cr | ₹1.7k Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
Since Jun 2025, FIIs added +4.55 pp while promoters trimmed −4.34 pp. The shareholder count grew 18% to 29,870.
- Promoters
- 13.7%
- FIIs
- 26.4%
- Government
- 0.6%
- Public
- 59.2%
Since Jun 2025
- FIIs +4.55 pp
- Promoters −4.34 pp
- DIIs −0.37 pp
How it drifted, 12 quarters
Over this window FIIs went from 5.3% to 26.4% — +21.2 pp.
Ownership split by quarter, oldest first. Sep '23: Promoters 25.9%, FIIs 5.3%, Public 68.8%.Dec '23: Promoters 25.9%, FIIs 9.4%, Public 64.7%.Mar '24: Promoters 25.9%, FIIs 10.9%, Public 63.1%.Jun '24: Promoters 21.1%, FIIs 19.2%, Public 59.8%.Sep '24: Promoters 20.9%, FIIs 19.6%, Public 59.4%.Dec '24: Promoters 19.8%, FIIs 19.9%, DIIs 0.0%, Government 0.9%, Public 59.3%.Mar '25: Promoters 19.0%, FIIs 19.7%, DIIs 0.4%, Government 0.9%, Public 60.0%.Jun '25: Promoters 18.0%, FIIs 21.9%, DIIs 0.4%, Government 0.8%, Public 58.9%.Sep '25: Promoters 17.6%, FIIs 23.8%, DIIs 0.0%, Government 0.8%, Public 57.7%.Dec '25: Promoters 16.9%, FIIs 22.1%, DIIs 0.0%, Government 0.8%, Public 60.1%.Mar '26: Promoters 14.6%, FIIs 24.3%, DIIs 0.1%, Government 0.7%, Public 60.4%.Jun '26: Promoters 13.7%, FIIs 26.4%, Government 0.6%, Public 59.2%.
Who bought this quarter
since Mar 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- NAV Capital Vcc - NAV Capital Emerging Star Fund FPI fund newly disclosed 2.84% held
- L7 Hitech Private Limited +0.30 pp 1.62% held
- Ebisu Global Opportunities Fund Limited FPI fund +0.18 pp 2.86% held
- Century India Opportunity Fund Pc FPI fund +0.05 pp 3.95% held
The same filing shows 14 holders trimming and 1 off the list — both are in the register beside this.
Who is on the register
Named in the Jun 2026 filing
Every holder of Haz.Multi Proj. above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Keemtee Financial Services Limited | 10.52% | −0.68 pp |
| West Midlands Cars Private Limited | 4.48% | −0.33 pp |
| Century India Opportunity Fund Pc FPI fund | 3.95% | +0.05 pp |
| Pawankumar Nathmal Mallawat | 3.18% | −0.21 pp |
| Unico Global Opportunities Fund Limited FPI fund | 3.12% | −0.20 pp |
| Ebisu Global Opportunities Fund Limited FPI fund | 2.86% | +0.18 pp |
| NAV Capital Vcc - NAV Capital Emerging Star Fund FPI fund | 2.84% | newly disclosed |
| Nexpact Limited FPI fund | 2.75% | unchanged |
| Minerva Ventures Fund FPI fund | 2.08% | −0.14 pp |
| Keya Vimal Salot | 2.03% | −0.13 pp |
| Ovata Equity Strategies Master Fund FPI fund | 1.99% | −0.13 pp |
| L7 Hitech Private Limited | 1.62% | +0.30 pp |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Learn to analyse Haz.Multi Proj.
Guides on how to read this kind of business and the numbers that matter.