HMA Agro Industries Limited (IN:HMAAGRO)
:HMAAGRO
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HMA Agro Industries Limited
(HMAAGRO)
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Rating:66Neutral
Price Target:
₹26.00
▼(-12.58% Downside)
Action:ReiteratedDate:04/11/26
The score is driven primarily by improving (but still risk-exposed) financial performance and an attractive valuation (low P/E with a modest yield). Offsetting these positives, technicals remain weak with the stock trading below key longer-term moving averages and a negative MACD.
Positive Factors
Strong revenue growth
Sustained ~36% reported revenue growth indicates meaningful demand recovery and market traction in core export channels. Over a 2-6 month horizon this trend supports expanding scale, better fixed-cost absorption, and greater negotiating leverage with buyers and suppliers, improving durability of earnings if maintained.
Negative Factors
Relatively high leverage
Elevated leverage reduces financial flexibility and increases interest-servicing risk, making the company more vulnerable to margin pressure or export disruptions. Over the medium term, high debt constrains capex and strategic investments, and raises refinancing and covenant risks if cash flow falters.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong revenue growth
Sustained ~36% reported revenue growth indicates meaningful demand recovery and market traction in core export channels. Over a 2-6 month horizon this trend supports expanding scale, better fixed-cost absorption, and greater negotiating leverage with buyers and suppliers, improving durability of earnings if maintained.
Read all positive factors
HMA Agro Industries Limited (HMAAGRO) vs. iShares MSCI India ETF (INDA)
Market Cap
₹11.97B
Dividend Yield1.03%
Average Volume (3M)25.05K
Price to Earnings (P/E)5.5
Beta (1Y)0.76
Revenue Growth29.30%
EPS Growth23.69%
CountryIN
Employees900
SectorConsumer Defensive
Sector Strength42
IndustryPackaged Foods
Share Statistics
EPS (TTM)1.32
Shares Outstanding500,769,780
10 Day Avg. Volume16,784
30 Day Avg. Volume25,045
Financial Highlights & Ratios
PEG Ratio-1.17
Price to Book (P/B)1.91
Price to Sales (P/S)0.29
P/FCF Ratio18.81
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
HMA Agro Industries Limited Business Overview & Revenue Model
Company Description
HMA Agro Industries Limited processes and deals in frozen buffalo meat and allied products in India. It offers products under the Black Gold, Kamil, and HMA brands. The company also exports its products to the United Arab Emirates, Benin, Thailand...
How the Company Makes Money
HMA Agro Industries Limited makes money mainly by selling processed meat products, primarily buffalo meat, to customers in export and domestic markets. Its core revenue model is business-to-business (B2B): it procures livestock (and related raw ma...
HMA Agro Industries Limited Financial Statement Overview
Summary
Income Statement
70
Positive
Balance Sheet
65
Positive
Cash Flow
60
Neutral
| Breakdown | TTM | Mar 2025 | Mar 2024 | Jun 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 62.32B | 51.33B | 48.13B | 32.09B | 30.83B | 17.07B |
| Gross Profit | 6.40B | 5.61B | 3.94B | 164.95M | 4.11B | 3.41B |
| EBITDA | 2.44B | 1.83B | 1.85B | 2.04B | 1.79B | 1.20B |
| Net Income | 1.24B | 867.80M | 1.01B | 1.20B | 1.15B | 715.97M |
Balance Sheet | ||||||
| Total Assets | 17.68B | 17.10B | 14.39B | 9.99B | 8.56B | 5.94B |
| Cash, Cash Equivalents and Short-Term Investments | 1.70B | 990.22M | 1.15B | 689.04M | 185.28M | 517.00M |
| Total Debt | 6.27B | 5.35B | 4.92B | 315.13M | 3.30B | 1.81B |
| Total Liabilities | 8.82B | 9.00B | 7.02B | 5.04B | 4.64B | 3.33B |
| Stockholders Equity | 8.64B | 7.89B | 7.17B | 4.74B | 3.75B | 2.60B |
Cash Flow | ||||||
| Free Cash Flow | 94.06M | 800.29M | -2.04B | -386.46M | -1.22M | 76.00M |
| Operating Cash Flow | 314.12M | 1.02B | -1.66B | 36.53M | 703.00K | 211.00M |
| Investing Cash Flow | -987.39M | -1.50B | -563.27M | -271.47M | -151.92M | -129.00M |
| Financing Cash Flow | 636.10M | 272.61M | 2.68B | 233.41M | 1.42B | 83.33M |
HMA Agro Industries Limited Technical Analysis
Negative
29.74
Price Trends
25.44
Negative
27.30
Negative
29.06
Negative
Market Momentum
-0.52
Negative
48.51
Neutral
48.19
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:HMAAGRO, the sentiment is Negative. The current price of 29.74 is above the 20-day moving average (MA) of 23.66, above the 50-day MA of 25.44, and above the 200-day MA of 29.06, indicating a neutral trend. The MACD of -0.52 indicates Negative momentum. The RSI at 48.51 is Neutral, neither overbought nor oversold. The STOCH value of 48.19 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:HMAAGRO.
HMA Agro Industries Limited Peers Comparison
UnderperformOutperform
Sector (62)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | ₹58.83B | 17.02 | ― | ― | 34.34% | 45.32% | |
72 Outperform | ₹13.48B | 9.13 | ― | 0.95% | -11.39% | -12.82% | |
69 Neutral | ₹142.44B | 21.49 | ― | 0.74% | 18.77% | 5.76% | |
66 Neutral | ₹11.97B | 5.49 | ― | 1.03% | 29.30% | 23.69% | |
65 Neutral | ₹31.10B | 38.77 | ― | ― | -8.29% | 4.70% | |
63 Neutral | ₹75.97B | 13.27 | ― | 0.87% | 19.04% | 39.43% | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% |
* Consumer Defensive Sector Average
IN:HMAAGRO
HMA Agro Industries Limited
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-6.50
-21.38%
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HMA Agro Industries Limited Corporate Events
HMA Agro Warns Investors of Fraudulent Website Impersonating Official Brand
Mar 17, 2026
HMA Agro Industries Limited has alerted exchanges and the public to a fraudulent website, www.hma-agro.com, that was created to mimic its official site and mislead international buyers. The fake site copied the company’s branding and falsely...
HMA Agro Industries Secures CRISIL BBB+ Rating for Rs 1,250 Crore Bank Facilities
Mar 14, 2026
HMA Agro Industries Limited has received a long-term credit rating of Crisil BBB+ with a Stable outlook and a short-term rating of Crisil A2 from Crisil Ratings Limited for its bank facilities totaling Rs. 1,250 crore. The assigned ratings, which ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.