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 ₹ 1,443 Cr.
- Current Price ₹ 28.7
- High / Low ₹ 41.7 / 27.5
- Stock P/E 11.6
- Book Value ₹ 17.3
- Dividend Yield 1.04 %
- ROCE 11.8 %
- ROE 11.5 %
- Face Value ₹ 1.00
Pros
- Company is expected to give good quarter
Cons
- Contingent liabilities of Rs.1,634 Cr.
- Company might be capitalizing the interest cost
- Earnings include an other income of Rs.107 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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|
| 2,742 | 2,373 | 1,708 | 3,083 | 3,209 | 4,813 | 5,133 | 6,232 | |
| 2,720 | 2,326 | 1,608 | 2,959 | 3,052 | 4,677 | 5,027 | 6,095 | |
| Operating Profit | 23 | 47 | 99 | 124 | 158 | 137 | 106 | 137 |
| OPM % | 1% | 2% | 6% | 4% | 5% | 3% | 2% | 2% |
| 42 | 44 | 13 | 56 | 47 | 49 | 81 | 107 | |
| Interest | 6 | 19 | 6 | 10 | 13 | 17 | 27 | 30 |
| Depreciation | 10 | 10 | 8 | 11 | 18 | 35 | 35 | 33 |
| Profit before tax | 49 | 62 | 98 | 159 | 174 | 133 | 126 | 181 |
| Tax % | 36% | 26% | 26% | 27% | 29% | 24% | 30% | |
| 31 | 46 | 72 | 116 | 123 | 101 | 88 | 124 | |
| EPS in Rs | 8.36 | 12.31 | 19.36 | 2.42 | 2.53 | 2.01 | 1.73 | 2.48 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 15% | 17% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 17% |
| 3 Years: | 19% |
| TTM: | 29% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 13% |
| 3 Years: | -9% |
| TTM: | 24% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -27% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 21% |
| 3 Years: | 17% |
| Last Year: | 11% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| 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 | 138 | 183 | 256 | 327 | 427 | 667 | 739 | 814 |
| 132 | 169 | 181 | 330 | 343 | 492 | 535 | 627 | |
| 276 | 117 | 131 | 151 | 181 | 230 | 386 | 276 | |
| Total Liabilities | 549 | 473 | 572 | 856 | 999 | 1,439 | 1,710 | 1,768 |
| 84 | 95 | 93 | 141 | 261 | 295 | 273 | 271 | |
| CWIP | 0 | 2 | 14 | 92 | 58 | 36 | 47 | 55 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 465 | 376 | 466 | 624 | 680 | 1,109 | 1,390 | 1,441 | |
| Total Assets | 549 | 473 | 572 | 856 | 999 | 1,439 | 1,710 | 1,768 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
| 23 | 24 | 75 | -32 | 136 | -166 | 124 | |
| -8 | -30 | -70 | -144 | -83 | -56 | -150 | |
| -12 | 37 | 8 | 142 | -3 | 268 | 5 | |
| Net Cash Flow | 3 | 32 | 13 | -33 | 50 | 46 | -21 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 38 | 18 | 34 | 34 | 34 | 37 | 11 |
| Inventory Days | 15 | 30 | 34 | 21 | 19 | 22 | 56 |
| Days Payable | 40 | 7 | 18 | 12 | 13 | 12 | 8 |
| Cash Conversion Cycle | 13 | 41 | 49 | 43 | 40 | 46 | 58 |
| Working Capital Days | 5 | 5 | 7 | 10 | 6 | 14 | 11 |
| ROCE % | 26% | 26% | 29% | 24% | 14% | 12% |
Documents
Announcements
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Re-Constitution Of CSR Committee In The Board Meeting Dated 30.12.2025
3h - HMA Agro reconstituted CSR Committee effective Dec 1, 2025; Gulzar Ahmad named Chairman; board approved Dec 30, 2025.
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Board Meeting Outcome for Outcome Of Board Meeting Held On 30Th December, 2025
4h - Board approved Rs.100 crore EPC and Rs.110 crore YES Bank credit enhancements; CSR committee reconstituted (30 Dec 2025).
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Closure of Trading Window
26 Dec - Trading window closed from Jan 1, 2026 until 48 hours after unaudited Q4 (Dec 31, 2025) results.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
18 Nov - Q2 FY26 revenue INR21,491.68m; consolidated PAT INR879.79m; H1 revenue INR32,376m; conference call transcript.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
17 Nov - Audio recording of Q2/H1 FY26 analysts' conference call (held Nov 17, 2025) uploaded.
Annual reports
Concalls
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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]