HAZOOR MULTI PROJECTS 2024-25 Annual Report Analysis

Fri, 13 Feb

HAZOOR MULTI PROJECTS has announced its results for the year ended March 2025. Let us have a look at the detailed performance review of the company during FY24-25.

HAZOOR MULTI PROJECTS Income Statement Analysis

• Operating income during the year rose 17.1% on a year-on-year (YoY) basis.
• The company's operating profit increased by 6.8% YoY during the fiscal. Operating profit margins witnessed a fall and stood at 14.0% in FY25 as against 15.3% in FY24.
• Depreciation charges increased by 12038.3% and finance costs increased by 549.2% YoY, respectively.
• Other income grew by 21.5% YoY.
• Net profit for the year declined by 37.3% YoY.
• Net profit margins during the year declined from 11.7% in FY24 to 6.3% in FY25.

HAZOOR MULTI PROJECTS Income Statement 2024-25

No. of Mths Year Ending		12 Mar-24*	12 Mar-25*	% Change
Net Sales	Rs m	5,446	6,377	17.1%
Other income	Rs m	49	60	21.5%
Total Revenues	Rs m	5,495	6,437	17.1%
Gross profit	Rs m	834	890	6.8%
Depreciation	Rs m	2	238	12,038.3%
Interest	Rs m	23	148	549.2%
Profit before tax	Rs m	859	564	-34.3%
Tax	Rs m	221	164	-25.7%
Profit after tax	Rs m	638	400	-37.3%
Gross profit margin	%	15.3	14.0
Effective tax rate	%	25.7	29.1
Net profit margin	%	11.7	6.3

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HAZOOR MULTI PROJECTS Balance Sheet Analysis

• The company's current liabilities during FY25 stood at Rs 6 billion as compared to Rs 3 billion in FY24, thereby witnessing an increase of 114.4%.
• Long-term debt stood at Rs 2 billion as compared to Rs 986 million during FY24, a growth of 55.7%.
• Current assets rose 63% and stood at Rs 10 billion, while fixed assets rose 348% and stood at Rs 2 billion in FY25.
• Overall, the total assets and liabilities for FY25 stood at Rs 12 billion as against Rs 7 billion during FY24, thereby witnessing a growth of 84%.

HAZOOR MULTI PROJECTS Balance Sheet as on March 2025

No. of Mths Year Ending		12 Mar-24*	12 Mar-25*	% Change
Networth	Rs m	2,366	3,903	65.0
Current Liabilities	Rs m	2,737	5,867	114.4
Long-term Debt	Rs m	986	1,536	55.7
Total Liabilities	Rs m	6,555	12,060	84.0
Current assets	Rs m	6,080	9,932	63.4
Fixed Assets	Rs m	475	2,128	347.7
Total Assets	Rs m	6,555	12,060	84.0

HAZOOR MULTI PROJECTS Cash Flow Statement Analysis

• HAZOOR MULTI PROJECTS's cash flow from operating activities (CFO) during FY25 stood at Rs -1 billion, an improvement of 18.1% on a YoY basis.
• Cash flow from investing activities (CFI) during FY25 stood at Rs -1 billion, an improvement of 2,060.3% on a YoY basis.
• Cash flow from financial activities (CFF) during FY25 stood at Rs 2 billion, an improvement of 10% on a YoY basis.
• Overall, net cash flows for the company during FY25 stood at Rs -620 million from the Rs 671 million net cash flows seen during FY24.

HAZOOR MULTI PROJECTS Cash Flow Statement 2024-25

Particulars	No. of months	12	12	% Change
	Year Ending	Mar-24	Mar-25
Cash Flow from Operating Activities	Rs m	-1,230	-1,452	-
Cash Flow from Investing Activities	Rs m	-48	-1,046	-
Cash Flow from Financing Activities	Rs m	1,706	1,879	10.1%
Net Cash Flow	Rs m	671	-620	-

Current Valuations for HAZOOR MULTI PROJECTS

• The trailing twelve-month earnings per share (EPS) of the company stands at Rs 1.8, an decline from the EPS of Rs 34.1 recorded last year.
• The price to earnings (P/E) ratio, at the current price of Rs 41.9, stands at 30.2 times its trailing twelve months earnings.
• The price to book value (P/BV) ratio at current price levels stands at 3.1 times, while the price to sales ratio stands at 1.5 times.
• The company's price to cash flow (P/CF) ratio stood at 16.5 times its end-of-year operating cash flow earnings.

Per Share Data/Valuations

No. of Mths Year Ending		12 Mar-24*	12 Mar-25*
Sales per share (Unadj.)	Rs	291.1	28.6
TTM Earnings per share	Rs	34.1	1.8
Diluted earnings per share	Rs	2.2	1.4
Price to Cash Flow	x	13.0	16.5
TTM P/E ratio	x	8.5	30.2
Price / Book Value ratio	x	2.1	2.7
Market Cap	Rs m	5,043	10,507
Dividends per share (Unadj.)	Rs	0.3	0.2

Ratio Analysis for HAZOOR MULTI PROJECTS

• Solvency Ratios

Current Ratio: The company's current ratio deteriorated and stood at 1.7x during FY25, from 2.2x during FY24. The current ratio measures the company's ability to pay short-term and long-term obligations.

Interest Coverage Ratio: The company's interest coverage ratio deteriorated and stood at 4.8x during FY25, from 38.5x during FY24. The interest coverage ratio of a company states how easily a company can pay its interest expense on outstanding debt. A higher ratio is preferable.

• Profitability Ratios

Return on Equity (ROE): The ROE for the company declined and down at 10.2% during FY25, from 27.0% during FY25. The ROE measures the ability of a firm to generate profits from its shareholders capital in the company.

Return on Capital Employed (ROCE): The ROCE for the company declined and down at 13.1% during FY25, from 26.3% during FY24. The ROCE measures the ability of a firm to generate profits from its total capital (shareholder capital plus debt capital) employed in the company.

Return on Assets (ROA): The ROA of the company declined and down at 4.5% during FY25, from 10.1% during FY24. The ROA measures how efficiently the company uses its assets to generate earnings.

Key Ratio Analysis

No. of Mths Year Ending		12 Mar-24*	12 Mar-25*
Current ratio	x	2.2	1.7
Debtors’ Days	Days	131	1,113
Interest coverage	x	38.5	4.8
Debt to equity ratio	x	0.4	0.4
Return on assets	%	10.1	4.5
Return on equity	%	27.0	10.2
Return on capital employed	%	26.3	13.1

To see how HAZOOR MULTI PROJECTS has performed over the last 5 years, please visit here.

HAZOOR MULTI PROJECTS Share Price Performance

Over the last one year, HAZOOR MULTI PROJECTS share price has moved up from Rs 28.8 to Rs 41.9, registering a gain of Rs 13.1 or around 45.3%.

Overall, the S&P BSE SENSEX is up 6.1% over the year.

(To know more, check out historical annual results for HAZOOR MULTI PROJECTS and quarterly results for HAZOOR MULTI PROJECTS)