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 ₹ 1,164 Cr.
- Current Price ₹ 23.2
- High / Low ₹ 38.2 / 20.0
- Stock P/E 7.07
- Book Value ₹ 18.8
- Dividend Yield 1.29 %
- ROCE 16.0 %
- ROE 19.0 %
- 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.125 Cr.
- Dividend payout has been low at 10.8% 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
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 | |
|---|---|---|---|---|---|---|---|---|
| 2,742 | 2,373 | 1,708 | 3,083 | 3,209 | 4,813 | 5,133 | 6,916 | |
| 2,720 | 2,326 | 1,608 | 2,959 | 3,052 | 4,677 | 5,027 | 6,757 | |
| Operating Profit | 23 | 47 | 99 | 124 | 158 | 137 | 106 | 159 |
| OPM % | 1% | 2% | 6% | 4% | 5% | 3% | 2% | 2% |
| 42 | 44 | 13 | 56 | 47 | 49 | 81 | 125 | |
| Interest | 6 | 19 | 6 | 10 | 13 | 17 | 27 | 35 |
| Depreciation | 10 | 10 | 8 | 11 | 18 | 35 | 35 | 32 |
| Profit before tax | 49 | 62 | 98 | 159 | 174 | 133 | 126 | 218 |
| Tax % | 36% | 26% | 26% | 27% | 29% | 24% | 30% | 24% |
| 31 | 46 | 72 | 116 | 123 | 101 | 88 | 165 | |
| EPS in Rs | 8.36 | 12.31 | 19.36 | 2.42 | 2.53 | 2.01 | 1.73 | 3.29 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 15% | 17% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 32% |
| 3 Years: | 29% |
| TTM: | 35% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 18% |
| 3 Years: | 11% |
| TTM: | 91% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -35% |
| 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 | ||
| -8 | -30 | -70 | -144 | -83 | -56 | -150 | ||
| -12 | 37 | 8 | 142 | -3 | 268 | 5 | ||
| Net Cash Flow | 3 | 32 | 13 | -33 | 50 | 46 | -21 | |
| Free Cash Flow | 14 | 2 | 57 | -100 | 26 | -195 | 103 | |
| CFO/OP | 197% | 80% | 105% | 12% | 118% | -83% | 163% |
Ratios
Consolidated Figures in Rs. Crores / 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 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 (LODR)-Analyst / Investor Meet - Outcome
3m - Intimation of Audio Recording of Conference Call on Audited Financial Results (Consolidated and Standalone) for the period ended 31st March, 2026
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Announcement under Regulation 30 (LODR)-Newspaper Publication
53m - Intimation of Newspaper Publication in Form No. INC-26 for proposed shifting of Registered Office of the Company.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
3h - Dear Sir/Ma''am, We hereby submit the copy of Newspaper publication in Form No. INC-26 for shifting of Registered Office from One state to another.
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Announcement under Regulation 30 (LODR)-Amendments to Memorandum & Articles of Association
4h - Shareholders approved shifting registered office to Delhi and altering MOA/AOA, subject to Regional Director approval.
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Announcement under Regulation 30 (LODR)-Change in Directorate
4h - Shareholders approved appointments of four directors, including Gulzar Ahmad as CMD, effective May/June 2026.
Annual reports
Concalls
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May 2026TranscriptAI SummaryPPT
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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]