HMA Agro Industries
- Market cap
- ₹ 1,165 Cr.
- P/E
- 5.6x
- P/B
- 1.28x
- 52-week range
- 19.09 – 34.24
- ROE
- 19%
- ROCE
- 16%
- Dividend yield
- 0%
- Debt / equity
- 0.9
- Sector
- Food Products
- Industry
- Meat Products including Poultry
- Listed on
- NSE, BSE
About
HMA Agro Industries Limited is an India-based food trade company. The Company is engaged in handling food and agro products, including frozen fresh boneless buffalo meat, prepared/frozen natural products, vegetables, and cereals. Its products are self-branded, packaged and exported to approximately 40 countries. The Company exports its products under the brand names Black Gold, Kamil, HMA, Fresh Gold, and Green Gold. The Company’s products portfolio includes packaged frozen meat, frozen fish, basmati rice, fresh fruits & vegetables, pet food, by product, and leather products. It offers a range of Basmati Rice, which includes 1121 Golden Basmati Rice, 1121 Steam Basmati Rice, 1121 White Sella Basmati Rice, 1509 White Sella Basmati Rice, 1509 Golden Sella Basmati Rice, 1509 Steam Sella Basmati Rice, and Sharbati Golden Sella Basmati Rice. It owns approximately six fully integrated packaged meat processing plants, which are located at Aligarh, Mohali, Agra, Parbhani, Unnao, and Haryana.
Quick check
The five things to look at first. Open one for more.
Compared with its industry
Meat Products including Poultry: 6 companies →HMA Agro Industries against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.
- Valuation (P/E)5.6 against a typical 9: cheaper than most peers (1st = cheapest).1st of 6
- Sales growth+87.9% against a typical +29.1% from a year earlier.1st of 5
- Profit growth+5,000% against a typical +212.5% from a year earlier.1st of 5
- Share price, 3 months+8.9% against a typical +6.7%.3rd of 6
- Size₹ 1,165.1 Cr. market value against a typical ₹ 266.9 Cr. (1st = largest).2nd of 5
Credit ratings
Every rating action on file, newest first, including reaffirmations. Open a row for the agency's reasoning. All credit rating updates
Adequate safety
Rated A- by CARE- No warnings from the agency.
| Agency | Current rating | Outlook | As of |
|---|---|---|---|
| CARE | CARE A- / CARE A2+ | Stable | 7 Oct 2026 |
| CRISIL | Withdrawn | — | 16 Jul 2026 |
| Rating | Details | |||||
|---|---|---|---|---|---|---|
| 7 Oct 2026 | Reaffirmed | CARE A- / CARE A2+ | — | CARE | ₹ 1,750 Cr. | |
| 16 Jul 2026 | Withdrawn | — | — | CRISIL | ₹ 1,250 Cr. | |
| 30 Jun 2026 | Reaffirmed | CARE A- / CARE A2+ | — | CARE | ₹ 1,250 Cr. | |
| 13 Mar 2026 | New rating | Crisil BBB+ | — | CRISIL | ₹ 1,250 Cr. | |
| 30 Oct 2025 | Reaffirmed | CARE A- / CARE A2+ | — | CARE | ₹ 950 Cr. |
Board meetings
Results dates and other board meetings. Full calendar
| Details | ||
|---|---|---|
| 3 Nov 2026Upcoming | Financial Results | To consider and approve the financial results for the period ended September 30, 2026 |
| 8 Sep 2026 | Other business matters | To consider approval of disinvestment of entire shareholding by the Company in FNS Agro Foods Limited, Subsidiary Company |
| 25 Aug 2026 | Other business matters | To consider other business matters |
| 13 Aug 2026 | Financial Results | To consider and approve the financial results for the period ended Jun 30, 2026 |
| 25 May 2026 | Financial Results | To consider and approve the financial results for the period ended March 31, 2026 |
| 25 Apr 2026 | Other business matters | To consider other business matters |
| 12 Feb 2026 | Financial Results | To consider and approve the financial results for the period ended December 31, 2025 |
Financials
Consolidated figures in ₹ crore.
| ₹ Cr. | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,200 | 1,252 | 1,390 | 713 | 1,466 | 1,455 | 1,500 | 1,123 | 2,155 | 2,059 | 1,579 | 2,110 |
| Expenses | 1,177 | 1,203 | 1,393 | 705 | 1,408 | 1,423 | 1,495 | 1,117 | 2,060 | 1,995 | 1,585 | 2,101 |
| Operating Profit | 23 | 49 | −3 | 8 | 58 | 32 | 5 | 5 | 95 | 64 | −6 | 9 |
| OPM % | 1.9% | 3.9% | −0.2% | 1.1% | 4% | 2.2% | 0.3% | 0.5% | 4.4% | 3.1% | −0.4% | 0.4% |
| Other Income | 5 | 27 | 8 | 10 | 12 | 26 | 33 | 11 | 36 | 41 | 37 | 72 |
| Interest | 3 | 4 | 3 | 3 | 4 | 8 | 8 | 8 | 6 | 9 | 11 | 12 |
| Depreciation | 9 | 10 | 6 | 8 | 8 | 9 | 9 | 7 | 8 | 8 | 8 | 7 |
| Profit before tax | 16 | 62 | −4 | 6 | 58 | 41 | 21 | 1 | 117 | 88 | 11 | 63 |
| Tax % | 65% | 21% | −137% | 87% | 8% | 49% | 41% | 58% | 23% | 24% | 28% | 19% |
| Net Profit | 6 | 49 | 2 | 1 | 53 | 21 | 12 | 1 | 90 | 67 | 8 | 51 |
| EPS in Rs | 0.19 | 0.92 | 0.02 | 0.03 | 1.04 | 0.41 | 0.26 | 0.02 | 1.79 | 1.32 | 0.16 | 1.01 |
Growth and returns
Compounded yearly rates over each period.
- 10 Years
- —
- 5 Years
- 32%
- 3 Years
- 29%
- TTM
- 43%
- 10 Years
- —
- 5 Years
- 18%
- 3 Years
- 11%
- TTM
- 149%
- 10 Years
- —
- 5 Years
- —
- 3 Years
- −30%
- TTM
- —
- 10 Years
- —
- 5 Years
- 20%
- 3 Years
- 16%
- TTM
- —
P/E and EPS over time
Daily P/E and trailing 12-month EPS. EPS updates with each result.
Peers
Listed companies in the same business.
| HMA Agro Industries | ₹ 23.91 | ₹ 1,165 Cr. | 5.6x | 1.3x | 19% | — |
| Nestle India | ₹ 1,173.45 | ₹ 2,26,278 Cr. | 80.4x | 53.4x | 76.3% | 15.1% |
| Britannia Industries | ₹ 4,547.80 | ₹ 1,09,542 Cr. | 51.5x | 25.5x | 53.6% | 13.3% |
| Tata Consumer Products | ₹ 960.00 | ₹ 95,010 Cr. | 67.4x | 4.9x | 7.4% | 8.1% |
| Godrej Industries | ₹ 918.00 | ₹ 30,884 Cr. | 34.9x | 4x | 11.6% | 10.9% |
| Patanjali Foods | ₹ 351.00 | ₹ 38,193 Cr. | 18.9x | 2.8x | 14.8% | 4.5% |
Management
- Gulzar Ahmad
- Executive Chairman of the Board, Managing Director
- Gulzeb Ahmed
- Chief Financial Officer
- Nikhil Sundrani
- Compliance Officer, Company Secretary
- Bhabani Sankar Acharya
- Whole-Time Director
- Vishwambharan Parmeshwaran
- Whole-Time Director
- Parvez Alam
- Head of operation - Procurement
- Mohd Kamil Qureshi
- Export Head
Prices are delayed and for information only. Nothing on this page is investment advice.