HMA Agro Industries Ltd
Incorporated in 2008, HMA Agro Industries Limited is a food trade organization for handled food and agro products including frozen fresh buffalo meat, prepared/frozen natural products, vegetables, and cereals in India.[1]
- Market Cap ₹ 1,224 Cr.
- Current Price ₹ 24.4
- High / Low ₹ 38.2 / 20.0
- Stock P/E 11.5
- Book Value ₹ 16.4
- Dividend Yield 1.23 %
- ROCE 9.53 %
- ROE 7.88 %
- Face Value ₹ 1.00
Pros
- Company is expected to give good quarter
Cons
- Earnings include an other income of Rs.120 Cr.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|
| 2,742 | 2,373 | 1,707 | 2,922 | 3,126 | 4,665 | 4,862 | 6,667 | |
| 2,719 | 2,312 | 1,611 | 2,813 | 2,971 | 4,540 | 4,821 | 6,601 | |
| Operating Profit | 23 | 60 | 97 | 109 | 154 | 126 | 41 | 67 |
| OPM % | 1% | 3% | 6% | 4% | 5% | 3% | 1% | 1% |
| 42 | 44 | 13 | 55 | 46 | 41 | 79 | 120 | |
| Interest | 6 | 20 | 6 | 10 | 12 | 14 | 24 | 31 |
| Depreciation | 10 | 24 | 4 | 4 | 4 | 6 | 5 | 5 |
| Profit before tax | 48 | 60 | 98 | 149 | 184 | 147 | 91 | 151 |
| Tax % | 46% | 26% | 26% | 26% | 25% | 24% | 34% | |
| 26 | 44 | 72 | 110 | 137 | 111 | 60 | 106 | |
| EPS in Rs | 7.00 | 11.93 | 19.42 | 2.32 | 2.89 | 2.21 | 1.20 | 2.12 |
| Dividend Payout % | 0% | 0% | 0% | 9% | 10% | 14% | 25% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 15% |
| 3 Years: | 19% |
| TTM: | 41% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 6% |
| 3 Years: | -18% |
| TTM: | 121% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -18% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 21% |
| 3 Years: | 17% |
| Last Year: | 8% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|
| Equity Capital | 4 | 4 | 4 | 48 | 48 | 50 | 50 | 50 |
| Reserves | 137 | 181 | 254 | 320 | 437 | 687 | 732 | 773 |
| 131 | 174 | 169 | 265 | 286 | 385 | 504 | 610 | |
| 291 | 130 | 129 | 111 | 133 | 181 | 327 | 227 | |
| Total Liabilities | 563 | 490 | 555 | 744 | 903 | 1,303 | 1,614 | 1,659 |
| 42 | 49 | 38 | 35 | 35 | 39 | 35 | 40 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 19 | 34 | 52 | 73 | 73 | 73 | 220 | 223 |
| 502 | 406 | 465 | 636 | 794 | 1,191 | 1,360 | 1,397 | |
| Total Assets | 563 | 490 | 555 | 744 | 903 | 1,303 | 1,614 | 1,659 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
| 44 | 42 | -48 | 134 | -142 | 19 | ||
| -29 | -33 | -76 | -87 | -36 | -124 | ||
| 17 | 4 | 90 | 1 | 221 | 84 | ||
| Net Cash Flow | 32 | 13 | -34 | 49 | 43 | -21 | |
| Free Cash Flow | 37 | 37 | -49 | 130 | -149 | 19 | |
| CFO/OP | 95% | 12% | -5% | 116% | -75% | 150% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 40 | 20 | 36 | 36 | 35 | 37 | 11 |
| Inventory Days | 15 | 30 | 34 | 20 | 16 | 15 | 52 |
| Days Payable | 40 | 8 | 18 | 10 | 10 | 11 | 7 |
| Cash Conversion Cycle | 15 | 41 | 52 | 46 | 41 | 41 | 56 |
| Working Capital Days | 7 | 6 | 20 | 18 | 14 | 23 | 17 |
| ROCE % | 25% | 27% | 30% | 28% | 17% | 10% |
Insights
In beta| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Meat Sales Volume Metric Tonnes (MT) |
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| Installed Daily Meat Processing Capacity MT per Day |
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| Export Revenue Concentration % |
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| Export Market Share (India Frozen Buffalo Meat) % |
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| Number of Countries Exported To Count |
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Documents
Announcements
- Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 11h
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Declaration Under Regulation 31(4) Of SEBI SAST 2011 For F.Y Ended March 31, 2026
2d - Promoters held 40.87 crore shares and reported no encumbrance for FY2026.
- Closure of Trading Window 24 Mar
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Intimation Of Website Related Advisory To Investors And Stakeholders
17 Mar - Detected fake URL www.hma-agro.com; FIR filed and fraudulent site blocked on March 17, 2026.
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Announcement under Regulation 30 (LODR)-Credit Rating
14 Mar - CRISIL assigned BBB+ (Stable) long-term and A2 short-term ratings to Rs 1,250 crore facilities on Mar 13–14, 2026.
Annual reports
Concalls
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Feb 2026Transcript PPT
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Nov 2025Transcript PPT
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Aug 2025Transcript PPT
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Jun 2025Transcript PPT REC
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Feb 2025Transcript PPT
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Nov 2024Transcript PPT
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Aug 2024TranscriptAI SummaryPPT
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May 2024TranscriptAI SummaryPPT
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Feb 2024TranscriptAI SummaryPPT
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Nov 2023TranscriptAI SummaryPPT
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Aug 2023TranscriptAI SummaryPPT
Leading Meat Exporter
The company is one of the largest manufacturers and exporters of Frozen Boneless Buffalo meat, Seafood, Pet Food, Rice, and processed leather from India, with an export volume worth approximately USD 0.5 billion. It is recognized as a Star Export House by the Government of India with a 10-11% estimated market share.[1][2][3]