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HMA Agro Industries Limited
(HMAAGRO)
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Rating:60Neutral
Price Target:
₹24.50
▲(14.43% Upside)
Action:Reiterated
Date:09/16/26
The score is driven by attractive valuation (low P/E with a modest yield) and a mixed-but-improving technical setup above key shorter-term averages. Offsetting these positives, the financial profile is constrained by weak and volatile cash generation (negative operating and free cash flow in 2026) and rising leverage, which increases risk if margins or working capital move adversely.
Positive Factors
Revenue Growth
Meaningful revenue expansion indicates solid demand and execution across the company’s processed-food business. Continued top-line growth can improve operating scale, support investment in processing and distribution, and strengthen earnings potential over the next several quarters.
Negative Factors
Thin, Volatile Margins
Low and inconsistent margins leave limited protection if procurement costs rise or realized selling prices weaken. The narrow operating cushion can make earnings more sensitive to product mix, utilization, and pricing conditions, reducing the durability of profit growth.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
Meaningful revenue expansion indicates solid demand and execution across the company’s processed-food business. Continued top-line growth can improve operating scale, support investment in processing and distribution, and strengthen earnings potential over the next several quarters.
Read all positive factors
HMA Agro Industries Limited (HMAAGRO) vs. iShares MSCI India ETF (INDA)
Market Cap
₹12.00B
Dividend Yield1.25%
Average Volume (3M)265.48K
Price to Earnings (P/E)5.6
Beta (1Y)0.69
Revenue Growth42.60%
EPS Growth148.86%
CountryIN
Employees338
SectorGeneral
Sector StrengthN/A
IndustryPackaged Foods
Share Statistics
EPS (TTM)4.28
Shares Outstanding500,769,780
10 Day Avg. Volume289,057
30 Day Avg. Volume265,476
Financial Highlights & Ratios
PEG Ratio0.07
Price to Book (P/B)1.15
Price to Sales (P/S)0.16
P/FCF Ratio-7.76
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 manufactures and exports frozen buffalo meat and related products in India, Vietnam, Indonesia, Hong Kong, Malaysia, Egypt, and internationally. The company offers frozen and chilled meat, as well as fish and rice. It a...
How the Company Makes Money
HMAAGRO primarily makes money by selling processed meat and related value-added food products to customers in both domestic and export markets. Its revenue model is based on (1) product sales: income generated from processing raw livestock inputs ...
HMA Agro Industries Limited Financial Statement Overview
Summary
Income Statement
64
Positive
Balance Sheet
57
Neutral
Cash Flow
34
Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Jun 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 79.04B | 69.16B | 51.33B | 48.13B | 32.09B | 30.83B |
| Gross Profit | 7.40B | 6.86B | 5.61B | 3.94B | 164.95M | 4.11B |
| EBITDA | 1.99B | 2.84B | 1.83B | 1.85B | 2.04B | 1.79B |
| Net Income | 2.15B | 1.65B | 867.80M | 1.01B | 1.20B | 1.15B |
Balance Sheet | ||||||
| Total Assets | 0.00 | 24.13B | 17.10B | 14.39B | 9.99B | 8.56B |
| Cash, Cash Equivalents and Short-Term Investments | 2.46B | 2.46B | 990.22M | 1.15B | 689.04M | 185.28M |
| Total Debt | 0.00 | 8.50B | 5.35B | 4.92B | 315.13M | 3.30B |
| Total Liabilities | -9.62B | 14.50B | 9.00B | 7.02B | 5.04B | 4.64B |
| Stockholders Equity | 9.62B | 9.41B | 7.89B | 7.17B | 4.74B | 3.75B |
Cash Flow | ||||||
| Free Cash Flow | 94.06M | -1.39B | 800.29M | -2.04B | -386.46M | -1.22M |
| Operating Cash Flow | 314.12M | -1.03B | 1.02B | -1.66B | 36.53M | 703.00K |
| Investing Cash Flow | -987.39M | -1.56B | -1.50B | -563.27M | -271.47M | -151.92M |
| Financing Cash Flow | 636.10M | 3.01B | 272.61M | 2.68B | 233.41M | 1.42B |
HMA Agro Industries Limited Technical Analysis
Positive
21.41
Price Trends
21.74
Positive
22.36
Positive
24.34
Negative
Market Momentum
0.63
Negative
65.50
Neutral
68.15
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:HMAAGRO, the sentiment is Positive. The current price of 21.41 is below the 20-day moving average (MA) of 21.88, below the 50-day MA of 21.74, and below the 200-day MA of 24.34, indicating a neutral trend. The MACD of 0.63 indicates Negative momentum. The RSI at 65.50 is Neutral, neither overbought nor oversold. The STOCH value of 68.15 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:HMAAGRO.
HMA Agro Industries Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | ₹14.61B | 11.71 | ― | 1.02% | 2.68% | 22.79% | |
60 Neutral | ₹12.00B | 5.60 | ― | 1.25% | 42.60% | 148.86% | |
60 Neutral | ₹11.61B | 10.43 | ― | 0.57% | 39.75% | 186.91% | |
58 Neutral | ₹10.36B | 41.18 | ― | 0.08% | ― | ― | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
53 Neutral | ₹3.95B | 18.99 | ― | 0.26% | 15.39% | 27.60% | |
47 Neutral | ₹6.74B | 131.89 | ― | ― | 7.01% | -5.92% |
* General Sector Average
IN:HMAAGRO
HMA Agro Industries Limited
23.96
-7.21
-23.13%
IN:CLSEL
Chaman Lal Setia Exports Limited
293.85
33.48
12.86%
IN:EIFFL
Euro India Fresh Foods Ltd.
271.70
43.73
19.18%
IN:GOKUL
Gokul Refoils & Solvent Ltd.
39.91
-2.01
-4.79%
IN:KRISHIVAL
Krishival Foods Limited
413.25
-26.04
-5.93%
IN:SKMEGGPROD
SKM Egg Products Export (India) Ltd.
220.45
70.14
46.66%
HMA Agro Industries Limited Corporate Events
HMA Agro Publishes AGM Notice and Details E-Voting for September Meeting
Aug 29, 2026
HMA Agro Industries Limited has announced that it has completed dispatch of the notice for its 18th Annual General Meeting and has published related advertisements in Financial Express and Hindustan. The AGM is scheduled for 18 September 2026 and ...
HMA Agro Industries Releases Q1 FY2026 Investor Presentation
Aug 13, 2026
HMA Agro Industries Limited, a Five Star Export House recognized by the Government of India and listed on BSE and NSE, operates within India’s export sector and is governed by SEBI’s listing and disclosure norms. The company has releas...
HMA Agro Publishes Investor Presentation for June 2026 Quarter
Aug 13, 2026
HMA Agro Industries Limited has released its investor presentation detailing the company’s performance for the quarter ended June 30, 2026. The presentation, prepared in line with Indian securities disclosure regulations, has been submitted ...
HMA Agro Discloses Exempt Inter-Promoter Share Transfer Under SEBI Rules
Aug 3, 2026
HMA Agro Industries Limited has disclosed an inter-se transfer of shares within its promoter and promoter group, in line with SEBI regulations on substantial acquisition of shares and takeovers. The transaction involves the proposed off-market tra...
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.