| Market Cap | ₹433.39 CrSmall Cap |
|---|---|
| Revenue TTM | ₹519.22 CrOperating |
| RSI | 29.52Oversold Zone |
| Order from | Emerald Haven Life Spaces 3 Private Limited (EHLS3PL) |
| Execution period | 30 months from handover of site (expected November 2026) |
| Deal value | ₹207.45 Cr |
| Share of market cap | 47.9% |
| Share of annual revenue | 40.0% |
Key highlights
- Total order value is ₹207,44,57,481 inclusive of taxes
- Scope includes RCC Core & Shell works for the PTR Phase 2 residential project
- Project location is Pallavaram, Chengalpattu, Chennai
- Execution period is 30 months from the handover of the site
- Expected site handover is scheduled for November 2026
Project Scope and Timeline
Hazoor Multi Projects has been appointed as the contractor for the RCC Core and Shell works at the PTR Phase 2 residential development located in Pallavaram, Chennai. The contract, valued at ₹207.45 crore, requires the company to manage the primary structural framework of the project. The execution phase is slated for 30 months following the handover of the site, which the company anticipates will occur in November 2026.
This domestic contract represents a significant single-project commitment relative to the company's current market capitalization of ₹433.39 crore, providing long-term operational visibility.
Client Profile and Strategic Diversification
The contract was awarded by Emerald Haven Life Spaces 3 Private Limited, a project-specific entity associated with TVS Emerald, the real estate development arm of the TVS Group. TVS Emerald is known for developing large-scale residential townships and premium housing projects across South India. Securing a contract from a TVS Group affiliate provides Hazoor Multi Projects with exposure to high-standard residential infrastructure requirements and strengthens its portfolio of private-sector residential construction.
This partnership helps the company diversify its revenue streams beyond its historical focus on road and highway infrastructure projects.
Financial and Market Context
Hazoor Multi Projects currently operates with a trailing twelve-month revenue of ₹519.22 crore and a net profit of ₹29.2 crore. Despite a 54.14% decline in stock price over the past year, the company maintains a P/E ratio of 14.84, which remains below the industry average of 15.26 and the broader sector average of 32.27. Foreign Institutional Investors have shown interest, increasing their stake to 26.45% in the latest quarter.
The company’s Price to Book Value stands at 0.7, indicating its market valuation relative to its asset base as it navigates a period of fluctuating quarterly growth.
Sector Outlook and Tailwinds
- The Indian real estate sector is witnessing robust demand for premium residential spaces in metropolitan hubs like Chennai
- RCC Core and Shell works remain a specialized structural niche requiring strict technical adherence and timeline management
- Infrastructure players are increasingly pivoting toward high-value residential contracts to offset volatility in public sector highway bidding
- Recent sector-wide revenue growth of 9.32% highlights a positive recovery phase for domestic construction entities
- Urban housing demand in Tier-1 cities continues to provide a steady project pipeline for EPC contractors with proven execution capabilities
| Share price | ₹18.71 |
|---|---|
| Market capitalisation | ₹433.39 Cr |
| Revenue (annual) | ₹579.58 Cr |
| Net profit (annual) | ₹42.69 Cr |
| Revenue (latest quarter) | ₹119.66 Cr-24.46% vs previous quarter |
| Net profit (latest quarter) | ₹0.30 Cr-99.07% vs previous quarter |
| P/E (TTM) | 14.84×Sector 32.27× |
| Promoter holding | 13.7%-0.89% QoQ |
| FII holding | 26.45%Current quarter |
Reference market data from a third-party provider, as of the story. Not a valuation or a recommendation.
Exchange filing by Hazoor Multi Projects Limited announcing the receipt of a new work order from Emerald Haven Life Spaces 3 Private Limited. Market figures from a third-party data provider.
