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 ₹ 1,217 Cr.
- Current Price ₹ 24.4
- High / Low ₹ 34.2 / 19.0
- Stock P/E 5.67
- Book Value ₹ 18.8
- Dividend Yield 0.00 %
- ROCE 16.2 %
- ROE 19.1 %
- Face Value ₹ 1.00
Pros
- Company is expected to give good quarter
Cons
- Company might be capitalizing the interest cost
- Earnings include an other income of Rs.185 Cr.
- Dividend payout has been low at 10.7% 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
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 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|
| 2,742 | 2,373 | 1,708 | 3,083 | 3,209 | 4,813 | 5,133 | 6,916 | 7,904 | |
| 2,720 | 2,326 | 1,608 | 2,959 | 3,052 | 4,677 | 5,027 | 6,754 | 7,741 | |
| Operating Profit | 23 | 47 | 99 | 124 | 158 | 137 | 106 | 162 | 163 |
| OPM % | 0.8% | 2.0% | 6% | 4.0% | 4.9% | 2.8% | 2.1% | 2.4% | 2.1% |
| 42 | 44 | 13 | 56 | 47 | 49 | 81 | 125 | 185 | |
| Interest | 6 | 19 | 6 | 10 | 13 | 17 | 27 | 38 | 39 |
| Depreciation | 10 | 10 | 8 | 11 | 18 | 35 | 35 | 32 | 31 |
| Profit before tax | 49 | 62 | 98 | 159 | 174 | 133 | 126 | 218 | 279 |
| Tax % | 36% | 26% | 26% | 27% | 29% | 24% | 30% | 24% | |
| 31 | 46 | 72 | 116 | 123 | 101 | 88 | 165 | 215 | |
| EPS in Rs | 0.66 | 0.97 | 1.52 | 2.42 | 2.53 | 2.01 | 1.75 | 3.30 | 4.28 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 15% | 17% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 32% |
| 3 Years: | 29% |
| TTM: | 43% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 18% |
| 3 Years: | 11% |
| TTM: | 149% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | -30% |
| 1 Year: | -20% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 20% |
| 3 Years: | 16% |
| Last Year: | 19% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| 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 | 138 | 183 | 256 | 327 | 427 | 667 | 739 | 891 |
| 132 | 169 | 181 | 330 | 343 | 492 | 535 | 850 | |
| 276 | 117 | 131 | 151 | 181 | 230 | 386 | 622 | |
| Total Liabilities | 549 | 473 | 572 | 856 | 999 | 1,439 | 1,710 | 2,413 |
| 84 | 95 | 93 | 141 | 261 | 295 | 273 | 261 | |
| CWIP | 0 | 2 | 14 | 92 | 58 | 36 | 47 | 61 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 465 | 376 | 466 | 624 | 680 | 1,109 | 1,390 | 2,090 | |
| Total Assets | 549 | 473 | 572 | 856 | 999 | 1,439 | 1,710 | 2,413 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| 23 | 24 | 75 | -32 | 136 | -166 | 124 | -85 | |
| -8 | -30 | -70 | -144 | -83 | -56 | -150 | -141 | |
| -12 | 37 | 8 | 142 | -3 | 268 | 5 | 267 | |
| Net Cash Flow | 3 | 32 | 13 | -33 | 50 | 46 | -21 | 42 |
| Free Cash Flow | 14 | 2 | 57 | -100 | 26 | -195 | 103 | -120 |
| CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | 197% | 80% | 105% | 12% | 118% | -83% | 163% | -32% |
Ratios
Consolidated / View Standalone
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Debtor Days | 38 | 18 | 34 | 34 | 34 | 37 | 11 | 1 |
| Inventory Days | 15 | 30 | 34 | 21 | 19 | 22 | 56 | 80 |
| Days Payable | 40 | 7 | 18 | 12 | 13 | 12 | 8 | 8 |
| Cash Conversion Cycle | 13 | 41 | 49 | 43 | 40 | 46 | 58 | 74 |
| Working Capital Days | 5 | 5 | 7 | 10 | 6 | 14 | 11 | 7 |
| ROCE % | 26% | 26% | 29% | 24% | 14% | 12% | 16% |
Insights
In beta| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Jul 2023 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Export Volume MT |
|
||||||
| Share of Exports in Total Revenue % |
|||||||
| Market Share in Indian Frozen Buffalo Meat Exports % |
|||||||
| Number of Export Countries count |
|||||||
| Share of Buffalo Meat in Total Sales % |
|||||||
| Total Daily Production Capacity MT/day |
|||||||
| Number of Manufacturing Plants and Facilities count |
|||||||
Extracted by Screener AI
Documents
Announcements
-
Intimation Of Waiver Of Fine By National Stock Exchange(NSE)
- NSE favourably considered waiver of fines for SEBI LODR non-compliances for quarter ended June 30, 2026.
-
Announcement under Regulation 31A (LODR)-(8)(c) Submission of application to Exchange
- HMA Agro submitted reclassification application for Wajid Ahmed from promoter group to public on October 16, 2026.
-
Announcement under Regulation 31A (LODR)-(8)(b) Outcome of Board Meeting
- Board approved Wajid Ahmed's promoter-to-public reclassification on October 15, 2026, subject to stock exchange approval.
-
Board Meeting Outcome for Outcome Of Board Meeting Held On 15Th Day Of October, 2026
- Board approved Wajid Ahmed’s reclassification from promoter to public, subject to stock exchange approval.
-
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
- Compliance Certificate under Regulation 74 (5) of SEBI (DP) Regulation 2018 for the quarter ended 30th September, 2026
Annual reports
-
Annual Report 2026
from bse
-
Annual Report 2025
from bse
-
Annual Report 2024
from bse
-
Annual Report 2023
from bse
Concalls
-
Aug 2026Transcript PPT REC
-
Aug 2026PPT
-
Jun 2026Transcript PPT
-
Feb 2026Transcript PPT
-
Nov 2025Transcript PPT
-
Aug 2025Transcript PPT
-
Jun 2025Transcript PPT REC
-
Feb 2025Transcript PPT
-
Nov 2024Transcript PPT
-
Aug 2024PPT
-
May 2024PPT
-
Feb 2024PPT
-
Nov 2023PPT
-
Aug 2023PPT
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]