HMAAGRO

HMA Agro Industries Limited

HMA Agro Industries Limited (HMAAGRO) financial statements and selected valuation metrics through 30 June 2026.

Fast Moving Consumer Goods›Fast Moving Consumer Goods›Food Products›Meat Products including Poultry

hmagroup.co(opens the company website in a new tab)
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Key metrics

Price as of 2026-10-16

Stock price
₹25.33
Market cap
1,271 Cr
Stock P/E
5.9
P/B
1.35
Dividend yield
1.2%
ROE (FY26)
17.1%
ROCE (FY26)
13.9%
Operating margin (FY26)
1.8%
Debt / equity (FY26)
0.90

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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Compare with peers

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What you need to know

HMA Agro processes and exports frozen halal buffalo meat, along with seafood, basmati rice, pet food and other agro products, selling mainly to importers in international markets from processing plants in India.

Company snapshot

2ndBy market cap

Ranked among 3 companies in Meat Products including Poultry.

What we see

Concerns
  • ✗Net margin is very thin at 2.4% — little room for error if costs rise.

Statement tables · Consolidated

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales1,200 Cr1,252 Cr1,390 Cr713 Cr1,466 Cr1,455 Cr1,500 Cr1,123 Cr2,155 Cr2,059 Cr1,579 Cr2,110 Cr
Operating expenses (approx.)1,177 Cr1,203 Cr1,393 Cr705 Cr1,408 Cr1,423 Cr1,495 Cr1,117 Cr2,060 Cr1,995 Cr1,585 Cr2,101 Cr
EBITDA23 Cr49 Cr-3 Cr8 Cr58 Cr32 Cr5 Cr5 Cr95 Cr64 Cr-6 Cr9 Cr
OPM %1.9%3.9%-0.2%1.1%3.9%2.2%0.3%0.5%4.4%3.1%-0.4%0.4%
Other income5 Cr27 Cr8 Cr10 Cr12 Cr26 Cr33 Cr11 Cr36 Cr41 Cr37 Cr72 Cr
Interest3 Cr4 Cr3 Cr3 Cr4 Cr8 Cr8 Cr8 Cr6 Cr9 Cr11 Cr12 Cr
Depreciation9 Cr10 Cr6 Cr8 Cr8 Cr9 Cr9 Cr7 Cr8 Cr8 Cr8 Cr7 Cr
Profit before tax16 Cr62 Cr-4 Cr6 Cr58 Cr41 Cr21 Cr1 Cr117 Cr88 Cr11 Cr63 Cr
Tax %65.0%21.1%136.4%87.3%7.5%48.7%40.7%58.0%23.3%24.2%28.3%19.2%
Net profit6 Cr49 Cr2 Cr0.73 Cr53 Cr21 Cr12 Cr0.60 Cr90 Cr67 Cr8 Cr51 Cr
EPS (₹)₹1.96₹0.94₹0.02₹0.03₹1.04₹0.41₹0.26₹0.02₹1.79₹1.32₹0.16₹1.01

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales2,373 Cr1,707 Cr3,083 Cr3,209 Cr4,813 Cr5,133 Cr6,916 CrSign in free for the trailing twelve months
Operating expenses (approx.)2,338 Cr1,611 Cr2,963 Cr3,054 Cr4,680 Cr5,031 Cr6,757 CrSign in free for the trailing twelve months
EBITDA35 Cr97 Cr120 Cr155 Cr133 Cr102 Cr159 CrSign in free for the trailing twelve months
OPM %1.5%5.7%3.9%4.8%2.8%2.0%2.3%Sign in free for the trailing twelve months
Other income44 Cr13 Cr56 Cr47 Cr49 Cr81 Cr125 CrSign in free for the trailing twelve months
Interest6 Cr4 Cr7 Cr11 Cr14 Cr23 Cr35 CrSign in free for the trailing twelve months
Depreciation10 Cr8 Cr11 Cr18 Cr35 Cr35 Cr32 CrSign in free for the trailing twelve months
Profit before tax62 Cr97 Cr159 Cr174 Cr133 Cr126 Cr218 CrSign in free for the trailing twelve months
Tax %26.2%26.5%25.8%28.9%24.5%30.2%24.1%Sign in free for the trailing twelve months
Net profit46 Cr72 Cr118 Cr123 Cr101 Cr88 Cr165 CrSign in free for the trailing twelve months
EPS (₹)₹9.66₹15.07₹24.39₹25.34₹2.03₹1.75₹3.29Sign in free for the trailing twelve months
Dividend payout %———7.7%14.9%17.1%9.1%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital4 Cr4 Cr48 Cr48 Cr50 Cr50 Cr50 Cr
Reserves183 Cr255 Cr327 Cr427 Cr667 Cr739 Cr891 Cr
Borrowings169 Cr181 Cr330 Cr343 Cr489 Cr533 Cr850 Cr
Other liabilities116 Cr132 Cr134 Cr161 Cr213 Cr367 Cr600 Cr
Total liabilities473 Cr572 Cr856 Cr999 Cr1,439 Cr1,710 Cr2,413 Cr
Fixed assets (net)95 Cr92 Cr140 Cr260 Cr294 Cr270 Cr259 Cr
CWIP2 Cr14 Cr92 Cr58 Cr36 Cr47 Cr61 Cr
Investments———0 Cr0 Cr1 Cr1 Cr
Inventories157 Cr127 Cr137 Cr129 Cr240 Cr670 Cr1,331 Cr
Trade receivables117 Cr157 Cr290 Cr298 Cr482 Cr151 Cr24 Cr
Cash & bank39 Cr52 Cr19 Cr69 Cr115 Cr94 Cr136 Cr
Other assets64 Cr131 Cr179 Cr185 Cr273 Cr476 Cr601 Cr
Total assets473 Cr572 Cr856 Cr999 Cr1,439 Cr1,710 Cr2,413 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity20 Cr75 Cr-32 Cr136 Cr-166 Cr124 Cr-85 Cr
Cash from investing-19 Cr-70 Cr-144 Cr-83 Cr-56 Cr-150 Cr-141 Cr
Cash from financing31 Cr8 Cr142 Cr-3 Cr268 Cr5 Cr267 Cr
Net cash flow32 Cr13 Cr-33 Cr50 Cr46 Cr-21 Cr42 Cr
Free cash flow (OCF − Capex)-2 Cr4 Cr-100 Cr27 Cr-204 Cr103 Cr-120 Cr

Ratios

MetricMar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %19.2%23.0%22.9%22.0%12.0%11.1%13.9%
ROE %24.5%27.6%29.6%25.0%13.6%10.7%17.1%
Debtor days1833343437111
Inventory days29352119215172
Days payable71812131277
Cash conversion cycle40494340465467
OCF / EBITDA %n.m.77.4%-26.6%87.5%n.m.n.m.n.m.
OCF / EBITDA % (3 years)——25.2%48.1%-15.1%n.m.n.m.
Debt / equity0.900.700.880.720.680.680.90
Current ratio1.241.271.311.271.451.291.26
Net debt / EBITDA3.751.342.601.762.824.304.49