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 ₹ 1,098 Cr.
- Current Price ₹ 21.9
- High / Low ₹ 34.2 / 20.0
- Stock P/E 6.66
- Book Value ₹ 18.8
- Dividend Yield 1.37 %
- ROCE 16.0 %
- ROE 19.0 %
- Face Value ₹ 1.00
Pros
- Stock is trading at 1.17 times its book value
- 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: | -28% |
| 1 Year: | -28% |
| 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/OP | 197% | 80% | 105% | 12% | 118% | -83% | 163% | -33% |
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 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Jul 2023 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Export Volume MT |
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| Share of Exports in Total Revenue % |
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| Market Share in Indian Frozen Buffalo Meat Exports % |
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| Number of Export Countries count |
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| Share of Buffalo Meat in Total Sales % |
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| Total Daily Production Capacity MT/day |
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| Number of Manufacturing Plants and Facilities count |
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Extracted by Screener AI
Documents
Announcements
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
7 Jul - RTA certificate confirms Regulation 74(5) compliance for quarter ended 30 June 2026.
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Closure of Trading Window
25 Jun - Trading window closed from July 1, 2026 until 48 hours after Q1 FY27 results.
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Announcement under Regulation 30 (LODR)-Credit Rating
24 Jun - CARE reaffirmed HMA Agro’s ratings; bank facilities enhanced to Rs1,231 crore from Rs931 crore.
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Intimation To Investors Under 100 Days Campaign 2Nd Phase 'Saksham Niveshak' April 01, 2026, To July 09, 2026
22 Jun - HMA Agro joins IEPFA's Saksham Niveshak campaign, emailing 1,150 shareholders on June 22, 2026.
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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.
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]