Hazoor Multi Projects Receives 'Hold' Rating, Shows Strong Debt Management and Growth Potential

Hazoor Multi Projects, a smallcap company in the construction and real estate industry, has recently received a 'Hold' rating from MarketsMOJO on September 17, 2024. This upgrade is based on several factors that indicate a positive outlook for the company.
One of the main reasons for the 'Hold' rating is the company's strong ability to service its debt. With a low Debt to EBITDA ratio of 0.61 times, Hazoor Multi Projects is in a good position to manage its debt obligations.

In addition, the company has shown healthy long-term growth with its Net Sales growing at an annual rate of 224.98% and Operating profit at 142.04%. This indicates a strong performance and potential for future growth.

From a technical standpoint, the stock is currently in a bullish range and has generated a return of 29.49% since August 29, 2024. Multiple factors such as MACD, Bollinger Band, KST, DOW, and OBV are all bullish for the stock.

With a ROE of 15.2, the stock is considered to be fairly valued with a Price to Book Value of 4.7. It is also trading at a discount compared to its average historical valuations, making it an attractive option for investors.

However, it is important to note that the company has faced some challenges in the past year. While the stock has generated a return of 320.25%, its profits have fallen by -42.5%. This could be a cause for concern for some investors.

On the financial front, Hazoor Multi Projects declared very negative results in June 2024 with a fall in Net Sales of -74.62%. The company has also declared negative results for the last three consecutive quarters, with PAT(Q) at Rs 0.08 crore falling by -99.4% and PBDIT(Q) at its lowest at Rs -0.20 crore. The Operating Profit to Net Sales(Q) is also at its lowest at -0.59%.

Despite these challenges, Hazoor Multi Projects has consistently outperformed the BSE 500 index in the last three annual periods, making it a promising stock for long-term investment. With a 'Hold' rating from MarketsMOJO and potential for future growth, Hazoor Multi Projects is definitely a stock to keep an eye on.