Hazoor Multi Projects Limited (HAZOOR.BO) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

-186.5%

-₹12.10

vs ₹13.98 price

Levered DCF

-₹273.57

After debt service

Piotroski score

3 / 9

Weak

Altman Z-score

—

Rating

Overall 2 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	13.52×	21.71×	5.78×	2.06×	9.54×	8.51×	0.29×	-0.09×
P/B	0.93×	1.9×	1.56×	1.15×	0.94×	0.16×	0×	0×
P/S	1×	1.36×	0.68×	0.12×	0.21×	0.15×	0×	0.06×
EV / EBITDA	3.74×	6.1×	4.66×	1.77×	8.57×	-2.64×	0.16×	3.58×
Gross margin	25.0%	22.6%	18.4%	8.3%	4.5%	5.5%	0.0%	99.4%
Operating margin	15.2%	10.1%	15.3%	8.1%	3.6%	3.5%	0.0%	34.4%
Net margin	7.4%	6.3%	11.7%	5.9%	2.2%	1.8%	0.0%	-62.6%
Current ratio	2.23×	1.69×	2.22×	0.64×	0.98×	2.16×	225.19×	11.84×
Debt / equity	0.73×	0.43×	0.47×	0.27×	0.9×	0×	0×	0×
Interest coverage	1.97×	4.53×	36.47×	36.6×	6.55×	2,839×	0×	17.79×
Dividend yield	0.8%	0.5%	1.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	10.5%	9.8%	5.7%	0.0%	0.0%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	6.8%	8.7%	27.0%	56.1%	10.0%	1.9%	0.2%	-0.5%
Return on invested capital	5.8%	6.9%	15.7%	45.0%	6.1%	2.4%	-0.3%	0.3%
Return on assets	2.5%	3.3%	9.7%	18.0%	3.4%	1.3%	0.2%	-0.5%
Free cash flow yield	-56.3%	-17.8%	-33.4%	-14.8%	-68.8%	-87.8%	-30078.2%	27531.7%
Earnings yield	7.4%	4.6%	17.3%	48.6%	10.7%	11.8%	348.6%	-1077.5%
Enterprise value	₹9.7B	₹5.8B	₹4.1B	₹1.1B	₹343.6M	-₹17.9M	-₹602.3K	-₹5.2M
Net debt / EBITDA	1.51×	-3.09×	0.49×	0.28×	2.77×	-7.99×	0.2×	3.66×
Cash conversion cycle (days)	-101	-127	108	-3	-35	53	0	-14,948