Hazoor Multi Projects share price jumped over 9% on Wednesday amid a strong rally on Dalal Street. The small-cap stock surged as much as 9.26% to ₹25.70 apiece on the BSE.
The rally in Hazoor Multi Projects share price was supported by a broader jump in the Indian stock market today. The benchmark indices, Sensex and Nifty 50 are trading over 2% higher each, while the Nifty Smallcap 100 and the Nifty Midcap 100 indices also spiked up to 3%.
Hazoor Multi Projects share price gained today after the announcement of credit rating to its bank facilities.
Acuite Rating & Research Limited has assigned its long-term rating of ‘ACUITE BBB’ on ₹100 crore bank facilities availed by Hazoor Multi Projects. The agency has maintained its outlook as ‘Stable’.
Rationale for rating
The rating takes into consideration a healthy order book of ₹1,012 crore, as on 23rd Feb 2026 (2.56 times of FY25 revenue). Further, while revenues have been declining over the past three years with volatile profitability, expected improvement in the operating momentum in FY2026–27 supported by improved EPC billing in Arawali Kante section HAM project and growth in the high-margin toll revenues drives the rating, Acute Ratings said.
Further, the financial risk profile remains healthy marked by low gearing (0.23x as on 31st March 2025), strong debt protection metrics, and sizeable equity infusions over the past three years that have strengthened the net worth and reduced reliance on external borrowings, it added.
Additionally, it noted that the liquidity is supported by adequate accruals and nil repayment obligations.
However, the rating is constrained by significant exposure to diverse group investments such as Hazoor Infra Projects Private Limited (HIPPL), Rappture Projects Private Limited and Square Port Shipyard Private Limited, primarily from the equity and unsecured loan infusions. Therefore, timely recovery and generation of cashflows from these investments thereby aiding the company’s liquidity remains a key rating monitorable, it said.
Hazoor Multi Projects share price performance
Hazoor Multi Projects share price has fallen 22% in one month, and has declined over 31% on a year-to-date (YTD) basis. The smallcap stock has dropped 42% in one year, but it has delivered multibagger returns of 8,233% over the past five years.
At 12:05 PM, Hazoor Multi Projects share price was trading 6.21% higher at ₹24.98 apiece on the BSE.
