1. India Stocks

  2. •

    Consumer Defensive

  3. •

    Packaged Foods
HMA Agro Industries Limited

HMA Agro Industries Limited

HMAAGRO.BO
HMA Agro Industries LimitedIN flagBombay Stock Exchange
21.64
INR
-0.29
- -
10.84BMarket Cap
HMA Agro Industries Limited
HMAAGRO.BO
(Bombay Stock Exchange)

Recent

price

21.64

P/E

ratio

- -

div

yld

- -

ROIC.AI

2019
2020
2021
2022
2023
2024
2025
2026
TTM
FRC
54.76
47.38
34.1
61.57
64.09
97.31
103.51
138.11
145.34
Revenue per Share
0.62
0.92
1.43
2.35
2.4
2.03
1.75
3.29
3.46
Basic EPS, GAAP
0.28
-0.04
0.08
-2.28
0.53
-4.12
2.07
-2.4
- -
Free Cash Flow per Basic Share
- -
0.01
- -
- -
0.19
0.3
0.3
0.3
- -
Dividend per Share
1.51
2.42
3.85
7.04
9.25
11.07
12.49
1
1.05
Book Value per Share
2.82
3.73
5.16
7.71
9.76
14.9
16.32
19.21
20.21
Tangible Book Value per Share
501
501
501
501
501
495
496
501
476
Basic Weighted Avg Shares
27,421
23,728
17,075
30,832
32,092
48,133
51,330
69,165
69,165
Sales/Revenue/Turnover
0.46
1.56
5.51
3.68
4.65
2.21
1.32
1.84
1.84
Operating Margin (%)
100
100
83
107
176
348
345
316
316
Depreciation Expense
312
459
716
1,176
1,204
1,006
868
1,648
1,648
Net Income, GAAP
36.27
26.23
26.53
25.83
28.86
24.46
30.18
24.14
24.14
Effective Tax Rate (%)
1.14
1.93
4.19
3.81
3.75
2.09
1.69
2.38
2.38
Profit Margin (%)
462
691
833
1,278
1,245
3,028
2,528
3,785
3,785
Working Capital
- -
- -
50
522
422
295
271
33
33
LT Debt
1,420
1,875
2,592
3,918
4,945
7,374
8,100
9,625
9,625
Total Equity
- -
8.51
17.09
14.42
13.5
7.76
3.67
6.12
6.12
Return on Invested Capital (%)
- -
20.3
22.37
22.7
16.32
11.73
9.14
18.18
18.18
Return on Capital (%)
- -
46.69
45.63
43.16
29.53
19.91
14.87
49.22
49.22
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
ST Debt
6,196
- -
8,468
LT Borrowings
75
- -
33
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
501
- -
501
Market Capitalization
14,633
13,902
10,298

Working Capital

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
Total Current Assets
13,136
- -
18,221
Cash, Cash Equivalents & STI
1,808
- -
2,484
Accounts Receivable, Net
5,199
- -
237
Inventories
4,348
- -
13,306
Total Current Liabilities
8,695
- -
14,436
Payables & Accruals
- -
- -
- -
ST Debt
6,196
- -
8,468
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
31.03%
18.82%
Free Cash Flow
- -
-856.53%
-217.33%
Net Income, GAAP
- -
25.26%
89.86%
Sales/Revenue/Turnover
- -
35.21%
34.75%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
9,712
12,002
12,517
13,901
48,133
2025
7,126
14,659
14,550
14,996
51,330
2026
11,226
21,553
20,594
15,791
69,165

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.88
0.19
0.94
- -
2.03
2025
0.03
1.04
0.41
0.26
1.75
2026
0.02
1.79
1.32
0.16
3.29

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
0.3
2025
- -
- -
- -
- -
0.3
2026
- -
- -
- -
- -
0.3
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Business
HMA Agro Industries Limited is an India-based company engaged in processing, packaging, and exporting food and agro products, primarily frozen halal boneless buffalo meat; frozen fish and seafood including Indian Mackerel, Yellow Croaker, Tilapia, Squid, and Cuttlefish; basmati rice varieties such as 1121 Golden, Steam, and White Sella, 1509 White, Golden, and Steam Sella, and Sharbati Golden Sella; fresh fruits and vegetables; pet food; meat by-products; and leather products, marketed under brands Black Gold, Kamil, HMA, Fresh Gold, and Green Gold to over 40 countries including Southeast Asia, West Africa, Middle East, China, and CIS nations. Founded in 2008 and headquartered at 18-A/5/3, Fatehabad Road, Taj View Crossing, Agra, Uttar Pradesh, the company operates six fully integrated meat processing plants in Aligarh, Mohali, Agra, Parbhani, Unnao, and Haryana, with a total export capacity exceeding 400,000 metric tons annually; it generates approximately 90% of revenue from exports and holds Five Star Export House status from the Government of India. Recent developments include securing Rs 70 crore Export Credit Limit and Working Capital Facilities from Canara Bank and a Rs 1 crore Commercial Card Programme from HDFC Bank in 2025 to bolster export operations and working capital; signing Facilities Agreements in December 2024 with AL Raiyan Export (232 MT/day capacity), July 2024 with ALM Food Products Limited and ALM Industries Limited, and March 2025 with Marya Frozen Agro Food Products Private Limited for expanded processing of frozen halal boneless buffalo meat; establishing a new state-of-the-art plant in Nuh, Mewat, Haryana via subsidiary United Farm Product Private Limited, boasting Asia's highest processing capacity; acquiring majority stakes in Federal Agro Industries Private Limited and Reliable Agro Foods Private Limited; and gaining approvals for new markets including Philippines, Turkey, and Thailand.