Hazoor Multi Projects LtdIntrinsic Value & Share Price Analysis

Updated NSE: HAZOORBSE: 532467
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GETAKA RESEARCH Company fundamentals

The investment picture

Understand the business. Put the price in context.

Stored data · Not a live quote
Share price₹19.40Price record: 25 September 2026, 10:39 pm +05:30
Model valuation₹23.45Undervalued · 7 models
Return on capital12.00%ROCE · Latest stored basic data
Earnings multiple17.80×P/E · Compare with similar businesses
VALUATION CONTEXT

The model estimate is 20.9% above the stored share price. Business quality and the price paid are separate parts of the analysis.

Explore the models
LATEST QUARTER

Revenue

-15.7%

Dec 2025 vs Dec 2024

Reported revenue: ₹139 Cr
LATEST QUARTER

Net profit

+137.5%

Dec 2025 vs Dec 2024

Reported net profit: ₹6 Cr
EARNINGS CHECK

Profit into cash

-3.63×

Operating cash flow / net profit

Matched annual period: Mar 2025

₹-3.63 of operating cash for each ₹1 of reported profit.

WHAT TO WATCH

Latest-quarter profit rose 137.5% year on year; profit across the last four reported quarters fell 64.9%. Read the latest quarter alongside the longer trend.

View financials
Reporting gap · Check newer company filings

Annual: Mar 2025 · Quarterly: Dec 2025 · Cash flow: Mar 2026. These sections refresh independently. A recent price update does not mean the financial statements are current.

Sources: Company data source. Check the company filings linked by the source for the reporting basis and exceptional items.

Valuation models

₹26.38Undervalued · Model 35.98% above pricevs CMP ₹19.40

P/E (17.8) × ROE (7.9%) × BV (₹23.00) × 0.8 × (1 + dividend yield 2.07%)

₹23.45Undervalued · Model 20.88% above pricevs CMP ₹19.40
Margin of safety: +17.3% (Adequate)Model agreement score: 50/100 (Moderate)Models: 5 Under, 2 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹30.8830%Under (+59.2%)
Graham NumberEarnings₹24.9218%Under (+28.5%)
DCFCash Flow₹5.1514%Over (-73.5%)
Net Asset ValueAssets₹23.3210%Under (+20.2%)
EV/EBITDAEnterprise₹33.6812%Under (+73.6%)
Earnings YieldEarnings₹12.0010%Over (-38.1%)
Revenue MultipleRevenue₹23.857%Under (+22.9%)
Consensus (7 models)₹23.45100%Undervalued
Key Drivers: Wide model spread (₹5–₹34) — 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%

Margin of safety = (model value − price) ÷ model value. The agreement score is a heuristic based on model count, direction and spread; it is not a probability of accuracy. These models are estimates, not price targets.

Estimates depend on assumptions. Compare the model range and verify fresh filings.

Analysis summary

Data coverage: Price-data record updated 25 September 2026, 10:39 pm +05:30. Annual results through Mar 2025; quarterly results through Dec 2025; cash flow through Mar 2026. Each section can have a different reporting period. The share price is not live.

Valuation in context

Hazoor Multi Projects Ltd: the stored intrinsic value estimate is ₹23.45, compared with a stored share price of ₹19.40. The model value is 20.9% above that quote. The model classifies this as undervalued; it is an estimate dependent on the inputs and assumptions, not a price target or a buy/sell recommendation.

Operating performance

Revenue for Mar 2025 was ₹638.00 Cr, versus ₹545.00 Cr in Mar 2024 (17.1% year on year). Net profit for Mar 2025 was ₹40.00 Cr, versus ₹64.00 Cr in Mar 2024 (-37.5% year on year). These are the latest annual periods stored on this page; check the quarterly table separately for more recent developments.

Cash generation

For the same Mar 2025 period, operating cash flow was ₹-145.00 Cr against net profit of ₹40.00 Cr. Cash flow covered -3.63 times reported profit. The gap warrants checking receivables, working capital and one-off items in the cash-flow statement.

Balance-sheet check

Reported borrowings were ₹455.00 Cr in Mar 2026. Read this alongside cash, interest costs and repayment obligations; reserves are an accounting balance and are not the same as available cash.

How to use the valuation and peer comparisons

The Intrinsic Value panel combines the available model estimates using the displayed weights. Earnings, cash-flow, dividend and asset-based methods can give very different answers. The displayed 12% cost of equity and 4% terminal growth assumptions apply where relevant; historical EPS growth is not a promise of future growth. Use the individual values and their spread to judge sensitivity.

The peer group follows the stored industry classification and may include different business models. Compare reporting periods, leverage and recurring earnings before interpreting a valuation gap. For banks and other financial businesses, capital adequacy and asset quality can be more informative than industrial-company cash-flow ratios.

Sources: Company data source. Check the company filings linked by the source for the reporting basis and exceptional items.

Automatically generated interpretation of the stored financial data, not a separately researched analyst opinion. Missing data is not evidence of poor performance. New filings become available here after the existing data refresh process captures them.

Business quality

45
Hazoor Multi Projects Ltd scores 45/100 (Average)
Fundamental screening score · A strong business is not automatically an attractively priced stock.

Data coverage: 5/5 dimensions. Financial reporting periods vary by section.

Stock Health58/100 · Moderate
ROCE 12.0% AverageROE 7.9% AverageD/E 0.42 ModerateInterest Coverage 6.6x StrongProfitable 2/5 available years Reported history
Ownership Trends70/100 · Strong
FII holding +4.33 pp (Dec 2025 → Jun 2026) Share increasedDII holding -0.02 pp (Dec 2025 → Jun 2026) Share decreasedPromoter holding at 13.7% Stable
Earnings Quality15/100 · Weak
CFO/NP (3 matched years): -2.58x · Mar 2015–Mar 2025 Poor cash conversionOPM 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
Peer Comparison65/100 · Strong
P/E 17.8 vs industry 34.3 Lower P/EROCE 12.0% vs industry 15.3% Average

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Peer Comparison 15% · Ownership Trends 10%. Scores use stored reporting periods and are screening indicators, not investment recommendations. Missing dimensions are excluded and the remaining weights are rescaled. At least three dimensions are required for an overall score. Holding movements describe ownership shares, not proven trading flows. Broad industry groups and financial-sector accounting can limit comparability.

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Share Price and Basic Stock Data

Last Updated: September 25, 2026, 10:39 pm

Market Cap 519 Cr.
Current Price 19.4
Intrinsic Value₹23.45
High / Low 40.4/17.4
Stock P/E17.8
Book Value 23.0
Dividend Yield2.07 %
ROCE12.0 %
ROE7.89 %
Face Value 1.00
PEG Ratio1.04

Understand these figures: how to read the P/E ratio, ROE versus earnings per share, and calculate intrinsic value.

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 519 Cr. 19.4 40.4/17.417.8 23.02.07 %12.0 %7.89 % 1.00
Univastu India Ltd 497 Cr. 138 179/56.016.4 28.70.00 %30.0 %25.4 % 10.0
Dugar Housing Developments Ltd 588 Cr. 299 372/2061,070 15.90.00 %6.94 %6.85 % 10.0
Jaiprakash Associates Ltd 594 Cr. 2.42 4.32/2.28 21.00.00 %2.03 %% 2.00
Consolidated Construction Consortium Ltd 595 Cr. 13.3 27.6/12.8 6.240.00 %1.85 %4.32 % 2.00
Industry Average15,187.72 Cr220.9949.17139.990.24%15.42%10.46%19.68

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

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Balance Sheet

Last Updated: June 8, 2026, 2:30 am

MonthAug 2007Aug 2008Aug 2009Aug 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2024Mar 2025Mar 2026
Equity Capital 91010101010101010192229
Reserves 2629111199999218435595
Borrowings 111012300110195455
Other Liabilities 112113687310309553608
Total Liabilities 4662352729282520196561,2061,687
Fixed Assets 791514131313131316199126
CWIP 2004000000065
Investments 6510011003099
Other Assets 31471810161412766109981,486
Total Assets 4662352729282520196561,2061,687

Reserves and Borrowings Chart

Cash Flow

MonthAug 2007Aug 2008Aug 2009Aug 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2024Mar 2025Mar 2026
Cash from Operating Activity + 21-17-2-3125-0-123-14597
Cash from Investing Activity + -5-3170-0-1-00020-105-440
Cash from Financing Activity + 23-012-1-2-6-0171188339
Net Cash Flow -110-1-000-1-067-62-4
Free Cash Flow -2-41-2-3125-0-123-24230
CFO/OP 21%58%686%-152%180%-2,820%-2,273%2,589%-440%-146%-147%38%

Free Cash Flow

Free cash flow reported in the stored cash-flow statement (₹ Cr)
PeriodAug 2007Aug 2008Aug 2009Aug 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2024Mar 2025Mar 2026
Free Cash Flow-2.00-4.001.00-2.00-3.001.002.005.000.00-123.00-242.0030.00

This table and the chart use the Free Cash Flow row from the same stored cash-flow statement. Free cash flow generally measures operating cash flow after capital expenditure; check the source definition and reporting basis. It is not operating profit minus borrowings.

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

MonthSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters 25.93%25.93%25.93%21.08%20.94%19.82%18.98%18.04%17.59%16.92%14.59%13.70%
FIIs 5.29%9.39%10.92%19.18%19.63%19.94%19.72%21.90%23.84%22.12%24.29%26.45%
DIIs 0.00%0.00%0.00%0.00%0.00%0.01%0.39%0.37%0.03%0.02%0.10%0.00%
Government 0.00%0.00%0.00%0.00%0.00%0.91%0.87%0.83%0.81%0.78%0.67%0.63%
Public 68.77%64.68%63.15%59.75%59.42%59.32%60.05%58.86%57.74%60.15%60.37%59.22%
No. of Shareholders 8,91211,76513,82413,19615,82121,44324,80325,31731,07130,78230,53929,870

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

Frequently asked questions

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

Hazoor Multi Projects Ltd: the stored intrinsic value estimate is ₹23.45, compared with a stored share price of ₹19.40. The model value is 20.9% above that quote. The model classifies this as undervalued; it is an estimate dependent on the inputs and assumptions, not a price target or a buy/sell recommendation. The estimate uses the available valuation models and weights shown in the Intrinsic Value panel, including earnings, cash-flow and asset-based approaches where data permits. It is not a P/E-only calculation.

What share price and 52-week range are shown for Hazoor Multi Projects Ltd?

The stored share price is ₹19.40. Price-data record updated: 25 September 2026, 10:39 pm +05:30. This is not a live quote. The stored 52-week high / low is 40.4/17.4; this is a rolling range, not a financial-year range.

How have Hazoor Multi Projects Ltd's revenue and profit changed?

Revenue for Mar 2025 was ₹638.00 Cr, versus ₹545.00 Cr in Mar 2024 (17.1% year on year). Net profit for Mar 2025 was ₹40.00 Cr, versus ₹64.00 Cr in Mar 2024 (-37.5% year on year). These are the latest annual periods stored on this page; check the quarterly table separately for more recent developments.

Does Hazoor Multi Projects Ltd's profit convert into cash?

For the same Mar 2025 period, operating cash flow was ₹-145.00 Cr against net profit of ₹40.00 Cr. Cash flow covered -3.63 times reported profit. The gap warrants checking receivables, working capital and one-off items in the cash-flow statement.

What should I check in Hazoor Multi Projects Ltd's balance sheet?

Reported borrowings were ₹455.00 Cr in Mar 2026. Read this alongside cash, interest costs and repayment obligations; reserves are an accounting balance and are not the same as available cash.

How should I compare Hazoor Multi Projects Ltd's P/E with other stocks?

The stored P/E is 17.80. Compare companies with similar business models, growth, leverage and accounting periods. The industry group on this page is broad, and its average can be affected by outliers. A lower P/E alone does not establish undervaluation.

What could change Hazoor Multi Projects Ltd's intrinsic value estimate?

Changes in sustainable earnings, cash generation, capital needs, debt and share count can change the estimate. The displayed model uses a 12% cost of equity and 4% terminal growth assumption where applicable. Higher discount rates or weaker growth generally reduce discounted values. Compare the individual model values and weights, and verify fresh filings before relying on the result.

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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