HMA Agro Industries Q1 FY27 Share Price & Earnings Call Analysis
- Market cap
- ₹1,245 Cr
- P/E
- 5.80
- ROE
- 19.09%
- PEG
- 0.52
- Price to sales
- 0.16
- Debt to equity
- 0.90
- 52W high / low
- ₹32.0 / ₹20.0
- Sales growth (5Y)
- 32.28%
- EBITDA margin
- 2.06%
- Net profit margin
- 2.39%
- Promoter holding
- 75.00%
- Sales (last year)
- ₹7,904 Cr
Incorporated in 2008, HMA Agro Industries Limited is a food trade organization for handled food and agro products including frozen fresh buffalo meat, prepared/frozen natural products, vegetables, and cereals in India.[1]
Guidance scorecard · Q1 FY27 call
What HMA Agro Industries Ltd's management guided
and where it ranks in Food Products
RevenueQ1 FY27 call
20–40%- Q1 FY2026-27 showed strong growth, with standalone revenue at INR 2,072.14 crore, up ~90% YoY and 35% QoQ.
- Consolidated revenue for Q1 increased approximately 88% YoY and 34% QoQ.
- The company aims to sustain this growth momentum through operational efficiency and market presence strengthening.
- FY2025-26 demonstrated a 39% standalone revenue growth and 35% consolidated growth, providing a strong foundation.
- Focus on expanding export markets, primarily buffalo meat products, which contribute the largest revenue share.
2 more points from HMA Agro Industries Ltd's call on revenue
Create a free account to keep reading this call
MarginsQ1 FY27 call
Up 0–2%See what HMA Agro Industries Ltd said on margins — free account, 30 seconds.
CapexQ1 FY27 call
- The company is focusing on sustaining growth, improving operational efficiency, and expanding market presence.
- There is ongoing work on longer-term growth initiatives aimed at building a stronger and more diversified food business.
- The company is working on product development for the pet food segment through a separate research team, indicating potential future investments in this growing market.
- The emphasis is on disciplined financial management and operational improvements, which may imply selective investments aligned with strategic goals.
FundraisingQ1 FY27 call
See what HMA Agro Industries Ltd said on fundraising — free account, 30 seconds.
Order bookQ1 FY27 call
- There are no direct references to the current or expected order book or pending orders in the transcript.
- The discussion primarily focuses on financial performance, revenue growth, profitability, value addition, and market opportunities (like pet food).
- For precise information on the current/expected order book or pending orders, you may need to refer to the company's official filings or contact their investor relations directly.
Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.
Potential multibaggers · Q2 FY27
Potential multibaggers in Food Products
on management's own guidance
- Strong growth2
- Strong growth1
- Strong growth3
Portfolio builder
Build your portfolio
from the top-ranked stocks
- 1. Pick 3–15 stocks
- 2. Choose large, mid or small cap and your sectors
- 3. Get a portfolio built from the rankings
Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Peers
Food Products companies ranked on guidance
| # | Company | Revenue guided | Margin guided | Market cap | P/E |
|---|---|---|---|---|---|
| 1 | 40%+ | Up 2%+ | ₹459 Cr | 7.9 | |
| 2 | 40%+ | Up 2%+ | ₹454 Cr | 79.8 | |
| 3 | 40%+ | Flat | ₹1,061 Cr | 48.2 | |
| 4 | 40%+ | Flat | ₹157 Cr | 10.5 | |
| 5 | 20–40% | Up 2%+ | ₹671 Cr | 48.3 | |
| 6 | 20–40% | Up 2%+ | ₹265 Cr | 7.8 |
Sign up free to see every company in the sector ranking and track HMA Agro Industries Ltd.
Pro shows every company guiding 40%+ revenue growth →Full Food Products rankingFinancials of HMA Agro Industries Ltd
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Shareholder Pattern
HMA Agro Industries Ltd
Shareholding breakup across reporting periods.
| Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters + | 83.61% | 83.61% | 83.61% | 83.61% | 83.61% | 83.61% | 81.63% | 81.63% | 81.63% | 81.63% | 75.00% | 75.00% |
| FIIs + | 7.40% | 5.88% | 5.30% | 5.76% | 5.33% | 5.24% | 6.73% | 5.85% | 4.92% | 4.87% | 4.84% | 1.69% |
| DIIs + | 0.00% | 0.02% | 0.03% | 0.00% | 0.00% | 0.02% | 0.11% | 0.63% | 1.35% | 1.41% | 3.46% | 2.74% |
| Public + | 8.98% | 10.48% | 11.06% | 10.63% | 11.04% | 11.14% | 11.54% | 11.90% | 12.12% | 12.11% | 16.71% | 20.58% |
| No. of Shareholders | 26,295 | 54,339 | 58,980 | 60,576 | 65,748 | 65,002 | 65,498 | 64,975 | 64,471 | 62,967 | 63,045 | 67,158 |
Financials of HMA Agro Industries Ltd
Quarterly Results
Quarter-by-quarter operating performance
| Jun 2023 | 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 + | 971 | 1,200 | 1,252 | 1,390 | 713 | 1,466 | 1,455 | 1,500 | 1,123 | 2,155 | 2,059 | 1,579 | 2,110 |
| Expenses + | 908 | 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 | 64 | 23 | 49 | -3 | 8 | 58 | 32 | 5 | 5 | 95 | 64 | -6 | 9 |
| OPM % | 7% | 1.9% | 3.9% | -0.2% | 1.1% | 4.0% | 2.2% | 0.3% | 0.5% | 4.4% | 3.1% | -0.4% | 0.4% |
| Other Income + | 9 | 5 | 27 | 8 | 10 | 12 | 26 | 33 | 11 | 36 | 41 | 37 | 72 |
| Interest | 4 | 3 | 4 | 3 | 3 | 4 | 8 | 8 | 8 | 6 | 9 | 11 | 12 |
| Depreciation | 10 | 9 | 10 | 6 | 8 | 8 | 9 | 9 | 7 | 8 | 8 | 8 | 7 |
| Profit before tax | 59 | 16 | 62 | -4 | 6 | 58 | 41 | 21 | 1 | 117 | 88 | 11 | 63 |
| Tax % | 25% | 65% | 21% | -137% | 87% | 8% | 49% | 41% | 58% | 23% | 24% | 28% | 19% |
| Net Profit + | 44 | 6 | 49 | 2 | 1 | 53 | 21 | 12 | 1 | 90 | 67 | 8 | 51 |
| EPS in Rs | 0.88 | 0.19 | 0.92 | 0.02 | 0.03 | 1.04 | 0.41 | 0.26 | 0.02 | 1.79 | 1.32 | 0.16 | 1.01 |
Financials of HMA Agro Industries Ltd
Profit & Loss
Annual income statement trend
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|
| Sales + | 2,742 | 2,373 | 1,708 | 3,083 | 3,209 | 4,813 | 5,133 | 6,916 | 7,904 |
| Expenses + | 2,720 | 2,326 | 1,608 | 2,959 | 3,052 | 4,677 | 5,027 | 6,754 | 7,741 |
| Operating Profit | 23 | 47 | 99 | 124 | 158 | 137 | 106 | 162 | 163 |
| OPM % | 0.8% | 2.0% | 6% | 4.0% | 4.9% | 2.8% | 2.1% | 2.4% | 2.1% |
| Other Income + | 42 | 44 | 13 | 56 | 47 | 49 | 81 | 125 | 185 |
| Interest | 6 | 19 | 6 | 10 | 13 | 17 | 27 | 38 | 39 |
| Depreciation | 10 | 10 | 8 | 11 | 18 | 35 | 35 | 32 | 31 |
| Profit before tax | 49 | 62 | 98 | 159 | 174 | 133 | 126 | 218 | 279 |
| Tax % | 36% | 26% | 26% | 27% | 29% | 24% | 30% | 24% | |
| Net Profit + | 31 | 46 | 72 | 116 | 123 | 101 | 88 | 165 | 215 |
| EPS in Rs | 0.66 | 0.97 | 1.52 | 2.42 | 2.53 | 2.01 | 1.75 | 3.30 | 4.28 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 15% | 17% | 0% |
Financials of HMA Agro Industries Ltd
Balance Sheet
Capital structure and asset base
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Equity Capital | 4 | 4 | 4 | 48 | 48 | 50 | 50 | 50 |
| Reserves | 138 | 183 | 256 | 327 | 427 | 667 | 739 | 891 |
| Borrowings + | 132 | 169 | 181 | 330 | 343 | 492 | 535 | 850 |
| Other Liabilities + | 276 | 117 | 131 | 151 | 181 | 230 | 386 | 622 |
| Total Liabilities | 549 | 473 | 572 | 856 | 999 | 1,439 | 1,710 | 2,413 |
| Fixed Assets + | 84 | 95 | 93 | 141 | 261 | 295 | 273 | 261 |
| CWIP | 0 | 2 | 14 | 92 | 58 | 36 | 47 | 61 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets + | 465 | 376 | 466 | 624 | 680 | 1,109 | 1,390 | 2,090 |
| Total Assets | 549 | 473 | 572 | 856 | 999 | 1,439 | 1,710 | 2,413 |
Financials of HMA Agro Industries Ltd
Cash Flows
Operating, investing and financing cash movement
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 23 | 24 | 75 | -32 | 136 | -166 | 124 | -85 |
| Cash from Investing Activity + | -8 | -30 | -70 | -144 | -83 | -56 | -150 | -141 |
| Cash from Financing Activity + | -12 | 37 | 8 | 142 | -3 | 268 | 5 | 267 |
| Net Cash Flow | 3 | 32 | 13 | -33 | 50 | 46 | -21 | 42 |
| Free Cash Flow | 14 | 2 | 57 | -100 | 26 | -195 | 103 | -120 |
| CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | 197% | 80% | 105% | 12% | 118% | -83% | 163% | -32% |
Financials of HMA Agro Industries Ltd
Ratios
Working capital efficiency and return ratios
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Debtor Days | 38 | 18 | 34 | 34 | 34 | 37 | 11 | 1 |
| Inventory Days | 15 | 30 | 34 | 21 | 19 | 22 | 56 | 80 |
| Days Payable | 40 | 7 | 18 | 12 | 13 | 12 | 8 | 8 |
| Cash Conversion Cycle | 13 | 41 | 49 | 43 | 40 | 46 | 58 | 74 |
| Working Capital Days | 5 | 5 | 7 | 10 | 6 | 14 | 11 | 7 |
| ROCE % | 26% | 26% | 29% | 24% | 14% | 12% | 16% |
Guidance history
How HMA Agro Industries Ltd's guidance has moved, call by call
| Call | Revenue | Margins | Capex | Fundraising | Order book |
|---|---|---|---|---|---|
| Q1 FY27 call → | 20–40% | Up 0–2% | — | — | — |
| Q4 FY26 call → | 20–40% | Flat | Planned | — | Rising |
| Q3 FY26 call → | 20–40% | Flat | Planned | — | — |
| Q2 FY26 call → | 20–40% | Flat | Planned | Planned | — |
What management guided on each call, newest first. Not investment advice, and not a forecast of returns.
Momentum score · price trend
28 out of 100 — Cooling
Over the past year its share price has done worse than most of the stocks we track.
| Period | Share price change | Better than … of 1,910 stocks |
|---|---|---|
| Last 12 months | −19.5% | 38% |
| Last 6 months | +2.2% | 59% |
| Last 3 months | +21.2% | 89% |
The price is 70.4% below its all-time high of ₹84 (29 Dec 2023). Stocks more than 20% below their peak have their score halved, so 57 became 28.
How we calculate it
“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).
The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For HMA Agro Industries Ltd: 0.4 × 38 + 0.4 × 59 + 0.2 × 89 = 57, halved to 28 because the price is more than 20% below its all-time high.
Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.
Full methodology →This describes only how the share price has moved up to 30 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.
Continue your research
What HMA Agro Industries Ltd's management said in earlier quarters
Others in Food Products this season
- Prataap Snacks Ltd (Q2 FY27)
Q2 FY27 income from operations was ₹540.95 crore, a 25.9% increase year-on-year (YoY). Key results statement takeaways from Prataap Snacks Ltd's Q2 FY27 results
- Madhusudan Masa (Q2 FY27)
4,158.28 lakh (Q2 2025), approximately +118% YoY. Key results statement takeaways from Madhusudan Masala Ltd's Q2 FY27 results statement — and how it ranks agai
- Vadilal Industries Ltd (Q2 FY27)
Revenue from operations for the quarter ended September 30, 2026: ₹462.56 crore (Consolidated, Page 11) . Key results statement takeaways from Vadilal Industrie
- Wardwizard Foods & Beverages Ltd (Q1 FY27)
Revenue for Q1 FY27 (June 2026 quarter) is ₹17.03 Cr, up from ₹13.20 Cr in Q1 FY26, reflecting a strong year-on-year growth. Key investor presentation takeaways