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Last Updated: April 2, 2026, 4:46 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 532467 | NSE: HAZOOR

Hazoor Multi Projects Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹41.23Undervalued by 64.92%vs CMP ₹25.00

P/E (25.0) × ROE (11.4%) × BV (₹17.80) × DY (1.60%)

₹28.22Undervalued by 12.88%vs CMP ₹25.00
MoS: +11.4% (Thin)Confidence: 43/100 (Low)Models: 2 Under, 1 Fair, 4 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹48.2830%Under (+93.1%)
Graham NumberEarnings₹21.9218%Over (-12.3%)
DCFCash Flow₹7.8314%Over (-68.7%)
Net Asset ValueAssets₹17.7910%Over (-28.8%)
EV/EBITDAEnterprise₹36.0612%Under (+44.2%)
Earnings YieldEarnings₹12.0010%Over (-52%)
Revenue MultipleRevenue₹23.597%Fair (-5.6%)
Consensus (7 models)₹28.22100%Undervalued
Key Drivers: Wide model spread (₹8–₹48) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 17.1%

*Investments are subject to market risks

Investment Snapshot

50
Hazoor Multi Projects Ltd scores 50/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health61/100 · Moderate
ROCE 14.1% GoodROE 11.4% AverageD/E 0.14 Low debtInterest Coverage 0.0x RiskyProfitable 2/5 years Inconsistent
Smart Money70/100 · Strong
FII holding up 2.40% (6mo) AccumulatingPromoter holding at 16.9% Stable
Earnings Quality30/100 · Weak
OPM contracting (45% → 15%) DecliningWorking capital: 227 days Capital intensive
Quarterly Momentum35/100 · Weak
Revenue (4Q): -21% YoY DecliningProfit (4Q): -65% YoY DecliningOPM: 21.1% (up 15.1% YoY) Margin expansion
Industry Rank65/100 · Strong
P/E 25.0 vs industry 36.6 Cheaper than peersROCE 14.1% vs industry 16.4% Average

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 4:46 am

Market Cap 676 Cr.
Current Price 25.0
Intrinsic Value₹28.22
High / Low 51.0/22.4
Stock P/E25.0
Book Value 17.8
Dividend Yield1.60 %
ROCE14.1 %
ROE11.4 %
Face Value 1.00
PEG Ratio1.46

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Hazoor Multi Projects Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Hazoor Multi Projects Ltd 676 Cr. 25.0 51.0/22.425.0 17.81.60 %14.1 %11.4 % 1.00
Likhitha Infrastructure Ltd 674 Cr. 171 324/13112.8 1010.00 %27.6 %20.3 % 5.00
Dugar Housing Developments Ltd 704 Cr. 357 372/18.1 10.60.00 %%% 10.0
Vascon Engineers Ltd 707 Cr. 30.5 74.6/26.89.21 49.30.00 %7.76 %6.59 % 10.0
Consolidated Construction Consortium Ltd 631 Cr. 14.1 28.9/12.7 6.200.00 %0.45 %28.3 % 2.00
Industry Average3,374.20 Cr159.1236.56125.440.20%16.37%21.40%21.58

All Competitor Stocks of Hazoor Multi Projects Ltd

Quarterly Result

MetricDec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 80.63463.9370.26153.08164.87249.47180.02102.11139.04
Expenses 68.42392.5554.91134.93154.89204.50154.10106.05109.68
Operating Profit 12.2171.3815.3518.159.9844.9725.92-3.9429.36
OPM % 15.14%15.39%21.85%11.86%6.05%18.03%14.40%-3.86%21.12%
Other Income 1.083.671.190.641.622.550.110.191.18
Interest 0.002.292.262.424.555.045.125.9022.85
Depreciation 0.050.151.551.601.6019.041.401.401.56
Profit before tax 13.2472.6112.7314.775.4523.4419.51-11.056.13
Tax % 25.76%25.73%25.69%25.46%50.09%28.41%29.32%-10.05%-5.38%
Net Profit 9.8353.949.4611.022.7216.7813.79-9.936.46
EPS in Rs 0.652.890.500.560.130.750.61-0.430.27

Last Updated: March 3, 2026, 9:16 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 27, 2026, 7:05 am

MetricAug 2006Aug 2007Aug 2008Aug 2009Aug 2010Mar 2011n n 7mMar 2012Mar 2013Mar 2014Mar 2015Mar 2024Mar 2025TTM
Sales 20241501502000545638671
Expenses 13141421422000461549574
Operating Profit 7102-21-2-0-000848996
OPM % 36%41%12%8%-3%64%26%15%14%14%
Other Income 01-2-11100000564
Interest 000000000021539
Depreciation 110000000002423
Profit before tax 69-1-132-2-0-000865638
Tax % 0%9%48%0%6%6%189%-167%-200%-1,000%26%29%
Net Profit 58-1-131-2-1000644027
EPS in Rs 0.63-0.08-0.870.10-0.11-0.040.000.000.013.421.791.20
Dividend Payout % 7%11%0%0%0%0%0%0%0%0%9%11%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2012-20132024-2025
YoY Net Profit Growth (%)100.00%-37.50%
Change in YoY Net Profit Growth (%)0.00%-137.50%

Hazoor Multi Projects Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 2 years from 2012-2013 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:125%
5 Years:%
3 Years:%
TTM:17%
Compounded Profit Growth
10 Years:79%
5 Years:%
3 Years:%
TTM:-36%
Stock Price CAGR
10 Years:75%
5 Years:217%
3 Years:71%
1 Year:-20%
Return on Equity
10 Years:%
5 Years:%
3 Years:%
Last Year:12%

Last Updated: September 5, 2025, 3:41 pm

Balance Sheet

Last Updated: December 4, 2025, 3:02 am

MonthAug 2006Aug 2007Aug 2008Aug 2009Aug 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2024Mar 2025Sep 2025
Equity Capital 491010101010101010192223
Reserves 222629111199999218435458
Borrowings 0111012300110195381
Other Liabilities 12112113687310309553444
Total Liabilities 384662352729282520196561,2061,306
Fixed Assets 6791514131313131316199176
CWIP 0200400000000
Investments 56510011003099
Other Assets 2631471810161412766109981,121
Total Assets 384662352729282520196561,2061,306

Reserves and Borrowings Chart

Cash Flow

MonthAug 2006Aug 2007Aug 2008Aug 2009Aug 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2024Mar 2025
Cash from Operating Activity + 21-17-2-3125-0-123-145
Cash from Investing Activity + -5-3170-0-1-00020-105
Cash from Financing Activity + 23-012-1-2-6-0171188
Net Cash Flow -110-1-000-1-067-62
Free Cash Flow -2-41-2-3125-0-123-242
CFO/OP 21%58%686%-152%180%-2,820%-2,273%2,589%-440%-146%-147%

Free Cash Flow

MonthAug 2006Aug 2007Aug 2008Aug 2009Aug 2010Mar 2011n n 7mMar 2012Mar 2013Mar 2014Mar 2015Mar 2024Mar 2025
Free Cash Flow7.009.001.00-3.001.00-2.00-2.00-3.000.000.00-26.00-106.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthAug 2006Aug 2007Aug 2008Aug 2009Aug 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2024Mar 2025
Debtor Days 1009023525036548013111
Inventory Days 1,253176
Days Payable 2073,789
Cash Conversion Cycle 1009023525036548013-3,502
Working Capital Days 22328155798-411-261-250174227
ROCE %30%6%-6%7%-7%-1%-0%0%0%14%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 25.93%25.93%25.93%25.93%25.93%21.08%20.94%19.82%18.98%18.04%17.59%16.92%
FIIs 0.00%1.36%5.29%9.39%10.92%19.18%19.63%19.94%19.72%21.90%23.84%22.12%
DIIs 0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.01%0.39%0.37%0.03%0.02%
Government 0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.91%0.87%0.83%0.81%0.78%
Public 74.08%72.71%68.77%64.68%63.15%59.75%59.42%59.32%60.05%58.86%57.74%60.15%
No. of Shareholders 6,2916,9078,91211,76513,82413,19615,82121,44324,80325,31731,07130,782

Shareholding Pattern Chart

No. of Shareholders

Hazoor Multi Projects Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

This stock is not held by any mutual fund.

ROCE / ROE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 15Mar 14Mar 13
FaceValue 1.0010.004.004.004.00
Basic EPS (Rs.) 2.0052.320.050.020.01
Diluted EPS (Rs.) 1.7352.320.050.020.01
Cash EPS (Rs.) 2.8634.180.060.090.07
Book Value[Excl.RevalReserv]/Share (Rs.) 20.53126.437.477.558.66
Book Value[Incl.RevalReserv]/Share (Rs.) 20.53126.437.477.558.66
Revenue From Operations / Share (Rs.) 28.59290.990.070.110.00
PBDIT / Share (Rs.) 4.2447.200.020.070.05
PBIT / Share (Rs.) 3.1747.100.000.01-0.01
PBT / Share (Rs.) 2.5345.880.000.01-0.01
Net Profit / Share (Rs.) 1.7934.080.040.020.01
NP After MI And SOA / Share (Rs.) 1.7934.080.040.020.01
PBDIT Margin (%) 14.8116.2226.2968.130.00
PBIT Margin (%) 11.0816.186.726.610.00
PBT Margin (%) 8.8415.765.935.000.00
Net Profit Margin (%) 6.2611.7159.3520.470.00
NP After MI And SOA Margin (%) 6.2611.7159.3520.470.00
Return on Networth / Equity (%) 8.7326.950.600.300.08
Return on Capital Employeed (%) 11.4123.080.060.09-0.10
Return On Assets (%) 3.319.720.590.290.06
Long Term Debt / Equity (X) 0.330.410.000.000.14
Total Debt / Equity (X) 0.420.460.000.000.14
Asset Turnover Ratio (%) 0.680.000.010.010.00
Current Ratio (X) 1.692.221.080.992.61
Quick Ratio (X) 1.662.221.080.992.37
Dividend Payout Ratio (NP) (%) 9.787.060.000.000.00
Dividend Payout Ratio (CP) (%) 6.137.040.000.000.00
Earning Retention Ratio (%) 90.2292.940.000.000.00
Cash Earning Retention Ratio (%) 93.8792.960.000.000.00
Interest Coverage Ratio (X) 6.6238.6433.0342.5223.47
Interest Coverage Ratio (Post Tax) (X) 3.8028.8975.5513.783.57
Enterprise Value (Cr.) 1119.42582.263.290.927.80
EV / Net Operating Revenue (X) 1.761.0716.923.240.00
EV / EBITDA (X) 11.856.5964.334.7653.23
MarketCap / Net Operating Revenue (X) 1.460.9817.763.950.00
Retention Ratios (%) 90.2192.930.000.000.00
Price / BV (X) 2.042.280.180.050.15
Price / Net Operating Revenue (X) 1.460.9817.803.960.00
EarningsYield 0.040.110.030.050.01

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Hazoor Multi Projects Ltd. is a Public Limited Listed company incorporated on 01/12/1992 and has its registered office in the State of Maharashtra, India. Company's Corporate Identification Number(CIN) is L99999MH1992PLC269813 and registration number is 269813. Currently Company is involved in the business activities of Real estate activities with own or leased property. Company's Total Operating Revenue is Rs. 394.76 Cr. and Equity Capital is Rs. 22.30 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Construction, Contracting & EngineeringC-45, 4th Floor, Plot -210, C Wing, Mittal Tower, Barrister Mumbai Maharashtra 400021Contact not found
Management
NamePosition Held
Mr. Radheshyam Laxmanrao MopalwarChairman & Managing Director
Mr. Pawankumar Nathmal MallawatExecutive Director
Ms. Tunviey Radheshyam MopalwarExecutive Director
Mr. Tejas Kirtikumar ThakkarExecutive Director
Ms. Madhuri Purshottam BohraInd. Non-Executive Director
Ms. Pratima Prem Mohan SrivastavaInd. Non-Executive Director
Mrs. Divya SolankiInd. Non-Executive Director
Mr. Arvind Vilasrao SapkalNon Executive Director
Mr. Pramod KumarInd. Non-Executive Director
Mrs. Shruti Jigar ShahAdditional Executive Director
Mr. Mukund Shriniwasrao BilolikarAddnl.Independent Director

FAQ

What is the intrinsic value of Hazoor Multi Projects Ltd and is it undervalued?

As of 10 April 2026, Hazoor Multi Projects Ltd's intrinsic value is ₹28.22, which is 12.88% higher than the current market price of ₹25.00, suggesting the stock is undervalued. This is calculated using the PE ratio method factoring in ROE (11.4 %), book value (₹17.8), dividend yield (1.60 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Hazoor Multi Projects Ltd?

Hazoor Multi Projects Ltd is trading at ₹25.00 as of 10 April 2026, with a FY2026-2027 high of ₹51.0 and low of ₹22.4. The stock is currently near its 52-week low. Market cap stands at ₹676 Cr..

How does Hazoor Multi Projects Ltd's P/E ratio compare to its industry?

Hazoor Multi Projects Ltd has a P/E ratio of 25.0, which is below the industry average of 36.56. This is broadly in line with or below the industry average.

Is Hazoor Multi Projects Ltd financially healthy?

Key indicators for Hazoor Multi Projects Ltd: ROCE of 14.1 % is moderate. Dividend yield is 1.60 %.

Is Hazoor Multi Projects Ltd profitable and how is the profit trend?

Hazoor Multi Projects Ltd reported a net profit of ₹40 Cr in Mar 2025 on revenue of ₹638 Cr. Compared to ₹0 Cr in Mar 2014, the net profit shows an improving trend.

Does Hazoor Multi Projects Ltd pay dividends?

Hazoor Multi Projects Ltd has a dividend yield of 1.60 % at the current price of ₹25.00. The company pays dividends, though the yield is modest.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Hazoor Multi Projects Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
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