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 ₹ 1,576 Cr.
- Current Price ₹ 31.5
- High / Low ₹ 48.3 / 27.5
- Stock P/E 18.3
- Book Value ₹ 15.8
- Dividend Yield 0.95 %
- ROCE 11.8 %
- ROE 11.5 %
- Face Value ₹ 1.00
Pros
Cons
- Contingent liabilities of Rs.1,634 Cr.
- Company might be capitalizing the interest cost
- Earnings include an other income of Rs.83.1 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 | 5,543 | |
| 2,720 | 2,326 | 1,608 | 2,959 | 3,052 | 4,677 | 5,027 | 5,443 | |
| Operating Profit | 23 | 47 | 99 | 124 | 158 | 137 | 106 | 100 |
| OPM % | 1% | 2% | 6% | 4% | 5% | 3% | 2% | 2% |
| 42 | 44 | 13 | 56 | 47 | 49 | 81 | 83 | |
| Interest | 6 | 19 | 6 | 10 | 13 | 17 | 27 | 28 |
| Depreciation | 10 | 10 | 8 | 11 | 18 | 35 | 35 | 34 |
| Profit before tax | 49 | 62 | 98 | 159 | 174 | 133 | 126 | 121 |
| Tax % | 36% | 26% | 26% | 27% | 29% | 24% | 30% | |
| 31 | 46 | 72 | 116 | 123 | 101 | 88 | 88 | |
| EPS in Rs | 8.36 | 12.31 | 19.36 | 2.42 | 2.53 | 2.01 | 1.73 | 1.73 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 15% | 17% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 17% |
| 3 Years: | 19% |
| TTM: | 22% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 13% |
| 3 Years: | -9% |
| TTM: | 49% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -23% |
| 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 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 4 | 4 | 4 | 48 | 48 | 50 | 50 |
| Reserves | 138 | 183 | 256 | 327 | 427 | 667 | 739 |
| 132 | 169 | 181 | 330 | 343 | 492 | 535 | |
| 276 | 117 | 131 | 151 | 181 | 230 | 386 | |
| Total Liabilities | 549 | 473 | 572 | 856 | 999 | 1,439 | 1,710 |
| 84 | 95 | 93 | 141 | 261 | 295 | 273 | |
| CWIP | 0 | 2 | 14 | 92 | 58 | 36 | 47 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 465 | 376 | 466 | 624 | 680 | 1,109 | 1,390 | |
| Total Assets | 549 | 473 | 572 | 856 | 999 | 1,439 | 1,710 |
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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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
18h - 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
1d - Audio recording of Q2/H1 FY26 analysts' conference call (held Nov 17, 2025) uploaded.
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Announcement under Regulation 30 (LODR)-Investor Presentation
15 Nov - Investor Presentation on Financial Results for the period ended September 30, 2025
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Announcement under Regulation 30 (LODR)-Newspaper Publication
15 Nov - Of Newspaper Publication of Financial Results for the period ended September 30, 2025
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Un-Audited Financial Results For The Quarter And Half Year Ended 30Th September, 2025
14 Nov - Board approved unaudited Q2/half-year results (Sep 30, 2025); auditor unmodified; EPC limits enhanced up to ₹300 crore.
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 2024TranscriptNotesPPT
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May 2024TranscriptNotesPPT
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Feb 2024TranscriptNotesPPT
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Nov 2023TranscriptNotesPPT
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Aug 2023TranscriptNotesPPT
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]