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 ₹ 1,115 Cr.
- Current Price ₹ 22.3
- High / Low ₹ 34.4 / 20.0
- Stock P/E 8.77
- Book Value ₹ 17.9
- Dividend Yield 1.35 %
- ROCE 13.6 %
- ROE 15.2 %
- Face Value ₹ 1.00
Pros
- Company is expected to give good quarter
Cons
- Company has a low return on equity of 13.5% over last 3 years.
- Company might be capitalizing the interest cost
- Earnings include an other income of Rs.123 Cr.
- Dividend payout has been low at 12.8% of profits over last 3 years
* 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 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| 2,742 | 2,373 | 1,707 | 2,922 | 3,126 | 4,665 | 4,862 | 6,769 | |
| 2,719 | 2,312 | 1,611 | 2,813 | 2,971 | 4,540 | 4,821 | 6,681 | |
| Operating Profit | 23 | 60 | 97 | 109 | 154 | 126 | 41 | 87 |
| OPM % | 1% | 3% | 6% | 4% | 5% | 3% | 1% | 1% |
| 42 | 44 | 13 | 55 | 46 | 41 | 79 | 123 | |
| Interest | 6 | 20 | 6 | 10 | 12 | 14 | 24 | 34 |
| Depreciation | 10 | 24 | 4 | 4 | 4 | 6 | 5 | 5 |
| Profit before tax | 48 | 60 | 98 | 149 | 184 | 147 | 91 | 172 |
| Tax % | 46% | 26% | 26% | 26% | 25% | 24% | 34% | 26% |
| 26 | 44 | 72 | 110 | 137 | 111 | 60 | 127 | |
| EPS in Rs | 7.00 | 11.93 | 19.42 | 2.32 | 2.89 | 2.21 | 1.20 | 2.54 |
| Dividend Payout % | 0% | 0% | 0% | 9% | 10% | 14% | 25% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 32% |
| 3 Years: | 29% |
| TTM: | 39% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 12% |
| 3 Years: | -3% |
| TTM: | 112% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -31% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 19% |
| 3 Years: | 13% |
| Last Year: | 15% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Equity Capital | 4 | 4 | 4 | 48 | 48 | 50 | 50 | 50 |
| Reserves | 137 | 181 | 254 | 320 | 437 | 687 | 732 | 845 |
| 131 | 174 | 169 | 265 | 286 | 385 | 504 | 834 | |
| 291 | 130 | 129 | 111 | 133 | 181 | 327 | 584 | |
| Total Liabilities | 563 | 490 | 555 | 744 | 903 | 1,303 | 1,614 | 2,313 |
| 42 | 49 | 38 | 35 | 35 | 39 | 35 | 39 | |
| 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 | 2,052 | |
| Total Assets | 563 | 490 | 555 | 744 | 903 | 1,303 | 1,614 | 2,313 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| 44 | 42 | -48 | 134 | -142 | 19 | -119 | ||
| -29 | -33 | -76 | -87 | -36 | -124 | -126 | ||
| 17 | 4 | 90 | 1 | 221 | 84 | 282 | ||
| Net Cash Flow | 32 | 13 | -34 | 49 | 43 | -21 | 37 | |
| Free Cash Flow | 37 | 37 | -49 | 130 | -149 | 19 | -129 | |
| CFO/OP | 95% | 12% | -5% | 116% | -75% | 150% | -106% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Debtor Days | 40 | 20 | 36 | 36 | 35 | 37 | 11 | 1 |
| Inventory Days | 15 | 30 | 34 | 20 | 16 | 15 | 52 | 77 |
| Days Payable | 40 | 8 | 18 | 10 | 10 | 11 | 7 | 8 |
| Cash Conversion Cycle | 15 | 41 | 52 | 46 | 41 | 41 | 56 | 70 |
| Working Capital Days | 7 | 6 | 20 | 18 | 14 | 23 | 17 | 10 |
| ROCE % | 25% | 27% | 30% | 28% | 17% | 10% | 14% |
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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Extracted by Screener AI
Documents
Announcements
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Announcement Under Regulation 30 Of Resolution By Circular For The Purpose Of Re-Constitution Of Various Committees.
15 Jun - Board reconstituted Audit, Stakeholders’, Risk and CSR committees effective June 12, 2026.
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Announcement under Regulation 30 (LODR)-Resignation of Chief Executive Officer (CEO)
3 Jun - Mohammad Mehmood Qureshi resigns as MD; Gulzeb Ahmed ceases as WTD and CEO from June 2, 2026.
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Announcement under Regulation 30 (LODR)-Retirement
3 Jun - Mohammad Mehmood Qureshi resigns as MD; Gulzeb Ahmed retires as WTD and steps down as CEO from June 2, 2026.
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Announcement under Regulation 30 (LODR)-Resignation of Managing Director
3 Jun - Managing Director Mohammad Mehmood Qureshi resigns; WTD and CEO Gulzeb Ahmed ceases June 2, 2026.
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
2 Jun - Earning Call Transcript of HMA Agro Industries Limited for Q4 and FY 2025-26 Financial Results.
Annual reports
Concalls
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Jun 2026Transcript PPT
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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]