HMA Agro Industries Limited

BSE: HMAAGRO543929ISIN INE0ECP01024

Fast Moving Consumer Goods
Meat Products including Poultry
BSE Fast Moving Consumer Goods

Share price

₹28.45+3.37 (+13.44%)

as of 4 Nov 2026

Prices adjusted for splits and bonuses; cash dividends excluded. Volume shows actual shares traded.

52W high: ₹34.21
52W low: ₹19.00
Off 52W high: -16.84%
1M return: +21.84%
3M return: +36.84%
6M return: +15.60%
1Y return: -8.52%
20D avg volume: 1,42,528
50 DMA: ₹23.14
200 DMA: ₹23.73

Key ratios Consolidated

Market cap: ₹1,425 Cr
Current price: ₹28.45
52W high / low: ₹34.21 / ₹19.00
Face value: ₹1.00
P/E: 6.20
P/B: 1.30
EPS (TTM): ₹4.59
Book value / share: ₹21.90
ROE: —
ROCE: 26.00%
Operating margin: —
Net margin: —
Debt / equity: 0.88
Net debt: ₹714.24 Cr
Interest cover: 7.29
Dividend yield: —
Dividend / share (TTM): —
Payout: —
Cash conversion cycle: 64.8 days

Financials

Metric	Q2 FY27	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24
Income statement
	2,779	2,110	1,579	2,059	2,155	1,123	1,500	1,455	1,466	712.61	1,390	1,252
	34.55	71.77	36.82	40.68	36.11	11.32	33.34	26.30	12.16	9.54	7.90	26.78
	2,814	2,182	1,616	2,100	2,191	1,134	1,533	1,481	1,478	722.16	1,398	1,278
	2,682	2,120	1,604	2,012	2,074	1,133	1,512	1,440	1,420	716.44	1,402	1,216
	2,735	2,015	1,928	2,080	1,643	1,043	1,287	1,307	1,437	794.79	1,148	1,161
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—
	47.22	35.95	42.91	42.79	35.42	31.82	37.65	34.70	39.28	29.43	39.37	38.15
	14.06	11.75	11.17	9.28	6.42	7.72	8.35	7.82	3.87	3.33	2.87	3.52
	7.00	6.79	8.01	8.01	8.13	7.48	8.83	8.89	8.41	8.39	6.07	10.19
	133.89	142.91	159.60	221.69	83.44	93.75	129.95	145.93	133.56	83.64	—	—
	132.48	62.51	11.46	87.85	117.02	1.42	20.83	41.27	57.79	5.72	-4.21	62.23
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	132.48	62.51	11.46	87.85	117.02	1.42	20.83	41.27	57.79	5.72	-4.21	62.23
	27.91	12.00	3.24	21.27	27.23	0.83	8.48	20.08	4.35	4.99	5.75	13.13
	104.57	50.51	8.22	66.58	89.79	0.60	12.35	21.18	53.43	0.73	1.54	49.10
	2.08	1.01	0.16	1.32	1.79	0.02	0.26	0.41	1.04	0.03	0.02	0.94
Key metrics
	153.54	81.05	30.64	105.14	131.57	16.62	38.01	57.98	70.07	17.44	4.73	75.94
	5.50%	3.80%	1.90%	5.10%	6.10%	1.50%	2.50%	4.00%	4.80%	2.40%	0.30%	6.10%
	3.80%	2.40%	0.50%	3.20%	4.20%	0.10%	0.80%	1.50%	3.60%	0.10%	0.10%	3.90%
	13.10%	—	2.30%	—	13.70%	—	3.50%	—	—	—	—	—
	29.00%	88.00%	5.30%	41.50%	47.00%	57.50%	7.90%	16.20%	—	—	—	—
	16.50%	8,318.30%	-33.40%	214.40%	68.10%	-17.80%	701.90%	-56.90%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23
Income statement
	8,528	6,916	5,133	4,813	3,209
	183.82	124.92	81.36	48.68	46.87
	8,712	7,041	5,214	4,862	3,256
	8,418	6,824	5,089	4,729	3,083
	8,758	6,694	4,826	4,139	2,460
	0.00	0.00	0.00	—	—
	168.87	152.94	141.07	144.04	96.53
	46.26	34.59	23.37	13.60	11.17
	29.81	31.63	34.52	34.78	17.64
	658.09	558.48	493.08	—	—
	294.30	217.74	125.60	133.16	173.55
	0.00	0.00	0.00	0.00	0.00
	294.30	217.74	125.60	133.16	173.55
	64.42	52.56	37.91	32.57	50.09
	229.88	165.19	87.69	100.58	123.47
	4.57	3.29	1.75	2.03	—
Key metrics
	370.37	283.96	183.49	181.54	202.36
	4.34%	4.10%	3.60%	3.80%	6.30%
	2.70%	2.40%	1.70%	2.10%	3.80%
	—	26.00%	17.70%	—	—
	36.84%	34.70%	6.60%	50.00%	—
	85.51%	88.40%	-12.80%	-18.50%	—
	—	-120.36	102.58	—	—
	—	-0.51	1.42	—	—
	—	0.88	0.66	—	—
	—	714.24	438.71	—	—
	—	64.8	51.4	—	—
Balance sheet
	—	2,413	1,710	—	—
	—	1,822	1,121	—	—
	—	135.79	94.29	—	—
	—	23.73	151.49	—	—
	—	1,331	669.63	—	—
	—	219.32	194.39	—	—
	—	259.46	270.11	—	—
	—	126.96	98.71	—	—
	—	1,444	868.15	—	—
	—	850.03	533.00	—	—
	—	846.76	506.00	—	—
	—	3.27	27.00	—	—
	—	962.46	810.02	—	—
Cash flow
	—	-84.55	124.38	—	—
	—	-140.71	-149.97	—	—
	—	266.76	4.68	—	—
	—	35.81	21.80	—	—

Metric	Q2 FY27	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24
Income statement
	2,733	2,072	1,538	1,993	2,149	1,088	1,437	1,365	1,367	693.95	1,317	1,216
	38.73	71.38	36.39	40.33	35.78	10.98	32.95	25.63	11.38	9.03	6.48	20.81
	2,772	2,144	1,575	2,033	2,185	1,099	1,470	1,390	1,378	702.97	1,324	1,237
	2,663	2,101	1,549	1,961	2,120	1,090	1,465	1,346	1,343	696.08	1,346	1,179
	2,747	2,028	1,890	2,084	1,693	1,046	1,344	1,267	1,396	826.61	1,105	1,152
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—
	11.82	9.97	11.45	12.42	7.76	9.44	8.27	6.06	11.18	8.80	11.64	11.16
	13.83	11.48	11.12	9.14	6.40	7.12	7.85	7.27	3.56	2.39	2.48	2.40
	1.11	1.07	1.36	1.30	1.47	1.21	1.28	1.38	1.27	1.20	2.52	1.40
	133.45	144.42	167.72	193.80	127.74	95.32	101.05	106.58	120.69	84.03	125.69	—
	108.41	42.74	25.91	71.90	64.46	9.57	4.85	44.53	34.55	6.89	-21.70	58.06
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—
	108.41	42.74	25.91	71.90	64.46	9.57	4.85	44.53	34.55	6.89	-21.70	58.06
	27.33	10.82	6.70	19.41	16.23	2.40	6.33	10.47	9.42	4.44	8.13	14.69
	81.08	31.91	19.21	52.49	48.23	7.17	-1.48	34.06	25.13	2.46	-13.57	43.37
	1.62	0.64	0.38	1.05	0.96	0.14	-0.03	0.68	0.50	0.05	-0.27	0.88
Key metrics
	123.35	55.29	38.39	82.34	72.33	17.90	13.98	53.18	39.38	10.48	-16.70	61.86
	4.50%	2.70%	2.50%	4.10%	3.40%	1.60%	1.00%	3.90%	2.90%	1.50%	-1.30%	5.10%
	3.00%	1.50%	1.20%	2.60%	2.20%	0.70%	-0.10%	2.50%	1.80%	0.40%	-1.00%	3.60%
	12.10%	—	4.10%	—	8.60%	—	1.60%	—	—	—	—	—
	27.20%	90.40%	7.10%	46.00%	57.30%	56.90%	9.10%	12.20%	—	—	—	—
	68.10%	345.00%	1,398.00%	54.10%	91.90%	191.50%	89.10%	-21.50%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23
Income statement
	8,336	6,769	4,862	4,665	3,126
	186.83	123.48	78.98	41.14	46.08
	8,523	6,892	4,941	4,706	3,172
	8,274	6,721	4,850	4,560	2,988
	8,750	6,713	4,833	4,061	2,512
	0.00	0.00	0.00	—	—
	45.66	41.07	34.31	38.67	21.88
	45.57	33.77	21.07	10.39	10.17
	4.84	5.33	5.14	6.10	4.38
	639.39	584.58	412.36	493.65	420.46
	248.96	171.85	90.82	146.53	183.71
	0.00	0.00	0.00	—	—
	248.96	171.85	90.82	146.53	183.71
	64.26	44.74	30.65	35.84	46.38
	184.69	127.11	60.17	110.69	137.32
	3.69	2.54	1.20	2.24	28.90
Key metrics
	299.37	210.95	117.03	163.02	198.26
	3.59%	3.10%	2.40%	3.50%	6.30%
	2.22%	1.90%	1.20%	2.40%	4.40%
	—	22.90%	14.30%	—	—
	38.04%	39.20%	4.20%	49.30%	—
	109.92%	111.30%	-45.60%	-19.40%	—
	—	-129.76	18.51	—	—
	—	-0.94	0.32	—	—
	—	0.93	0.64	—	—
	—	710.94	416.53	—	—
	—	63.1	51.4	—	—
Balance sheet
	—	2,313	1,614	—	—
	—	1,827	1,139	—	—
	—	123.18	86.49	—	—
	—	17.93	144.53	—	—
	—	1,280	621.56	—	—
	—	294.62	281.45	—	—
	—	39.09	33.70	—	—
	—	127.99	81.22	—	—
	—	1,416	829.36	—	—
	—	834.12	503.02	—	—
	—	834.12	503.02	—	—
	—	0.00	0.00	—	—
	—	895.35	782.32	—	—
Cash flow
	—	-119.12	19.16	—	—
	—	-126.13	-124.14	—	—
	—	281.94	83.50	—	—
	—	10.64	0.65	—	—

Compounded growth

Standalone

Sales CAGR 3Y: +29.38%
Sales CAGR 5Y: —
Profit CAGR 3Y: -2.54%
Profit CAGR 5Y: —
Sales YoY (TTM): +38.04%
Profit YoY (TTM): +109.92%

Consolidated

Sales CAGR 3Y: +29.17%
Sales CAGR 5Y: —
Profit CAGR 3Y: +10.19%
Profit CAGR 5Y: —
Sales YoY (TTM): +36.84%
Profit YoY (TTM): +85.51%

Compounded from reported annual figures. We publish no share-price CAGR: our prices are as-traded, so one would be wrong across every split and bonus issue.

Shareholding as of 30 Sep 2026

Promoter holding: 75.00%

Quarter	September 2026	14 Aug 2026	June 2026
Promoter %	75.00%	75.00%	75.00%

Holder	Type	Holding	Previous	Change
ZULFIQAR AHMAD QURASHI	Promoter	17.01%	17.01%	0.00%
MOHAMMAD ASHRAF QURESHI	Promoter	17.01%	17.01%	0.00%
MOHAMMAD MEHMOOD QURESHI	Promoter	17.01%	17.01%	0.00%
GULZAR AHMAD	Promoter	12.16%	12.16%	0.00%
MOHD KAMIL QURESHI	Promoter	8.50%	8.50%	0.00%
PARVEZ ALAM	Promoter Group	3.31%	3.31%	0.00%
RAJASTHAN GLOBAL SECURITIES PRIVATE LIMITED	Public	2.40%	2.74%	-0.34%
EXPERTPRO REALTY PRIVATE LIMITED	Public	1.86%	1.27%	+0.59%
GULZEB AHMED	Promoter Group	0.00%	0.00%	0.00%
WAJID AHMED	Promoter	0.00%	—	—

Public shareholders are disclosed individually only above 1%.

Peer comparison

Company	Mkt cap (₹ Cr)	Price (₹)	P/E	ROCE	Sales YoY	Profit YoY	1Y return
Venky's (India) ltd. S	2,250	1,596.90	13.33	12.10%	+18.28% TTM	+202.17% TTM	+3.75%
HMA Agro Industries Limited	1,425	28.45	6.20	26.00%	+36.84% TTM	+85.51% TTM	-8.52%
SKM Egg Products Exports (India) Lt	1,215	230.70	11.63	32.60%	+21.31% TTM	+89.94% TTM	+10.11%
Ovobel Foods Ltd. S	270	284.50	6.97	30.60%	+36.87% TTM	+328.51% TTM	+76.11%
DSM Fresh Foods Limited	101	45.15	—	23.90%	—	—	-75.14%
Simran Farms Ltd.	87	181.40	16.91	15.50%	+2.41% TTM	+348.79% TTM	+9.94%

Filings & corporate actions

Recent announcements

Intimation of Audio Recording of Investors Conference Call on An audited Financial Results quarter and half year ended 30 September, 20264 Nov 2026 · Company Update / Analyst / Investor Meet
Financial and Operational Performance of the Company for the Quarter and Half Year ended September, 2026 to provide an Overview to the General Investors of the Company.4 Nov 2026 · Company Update / General
Newspaper Clipping of Financial Results of the Company for the Quarter and Half Year ended September 30, 2026.4 Nov 2026 · Company Update / Newspaper Publication
Investor Presentation for the Quarter and Half Year ended September 30, 20264 Nov 2026 · Company Update / Investor Presentation
Intimation under Regulation 30(5) of SEBI LODR Regulation 2015 for Authorized Person for Determining Materiality of Events or Information.3 Nov 2026 · Company Update / General
Board of Directors in their meeting held today i.e November 03, 2026 approved the Un-audited Financial Results for the Quarter and Half Year ended September 30, 2026.3 Nov 2026 · Result / Financial Results
Outcome of Board meeting to approve the Un-audited Financial Results for the Quarter and Half Year ended September 30, 20263 Nov 2026 · Board Meeting / Outcome of Board Meeting
Reschedule of Time of upcoming Board Meeting which was earlier to be held on 03-11-2026 at 03:30 P.M. Now after change, the new time will be 03-11-2026 at 12:30 P.M.29 Oct 2026 · Company Update / General
Intimation of Conference Call on Q2 and H1 FY 2026-27 Financial Results of the Company26 Oct 2026 · Company Update / Analyst / Investor Meet
HMA Agro Industries Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 03/11/2026 ,inter alia, to consider and approve Intimation of Meeting of ....26 Oct 2026 · Board Meeting / Board Meeting
Dear Sir/Ma''am, We wish to inform you that NSE vide its letter dated October 19, 2026 has informed the company that its application seeking waiver of fines levied for non-compliance ....20 Oct 2026 · Company Update / General
Dear sir/Ma''am, Intimation regarding submission for re-classification to the Exchanges dated October 16, 2026.16 Oct 2026 · Others
Dear sir/ma,am, We hereby submit the outcome of board Meeting pursuant to re classification.16 Oct 2026 · Others
Outcome of Board Meeting for Reclassification of category of person belonging to promoter and promoter group to Public Category.15 Oct 2026 · Others / Outcome without intimation
Compliance Certificate under Regulation 74 (5) of SEBI (DP) Regulation 2018 for the quarter ended 30th September, 202610 Oct 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
With reference to the captioned subject we have received request letter from Wajid Ahmed (Outgoing Promoter) requesting re classification from Promoter and Promoter Group to public category ....3 Oct 2026 · Company Update / General
Intimation of Credit Rating of HMA Agro Industries Limited given by Care Rating Limited on September 29, 202629 Sep 2026 · Company Update / Credit Rating
Intimation of Closure of Trading Window for dealing in securities of the Company by Designated Person and their immediate relatives for the financial results of quarter and half year ending ....28 Sep 2026 · Insider Trading / SAST / Closure of Trading Window
Intimation of Scrutinizer Report of the 18th Annual General Meeting of the Company19 Sep 2026 · AGM/EGM / AGM
Dear Sir/Ma''am, We hereby inform that M/s MAPSS and Company have completed the first term of five consecutive years as Statutory Auditors of the Company and have accordingly ceased ....18 Sep 2026 · Company Update / Cessation
Dear Sir/Ma''am, We hereby submit the intimation of appointment of VAA & Associates as statutory auditors of the Company for a period of Five consecutive years from the conclusion of ....18 Sep 2026 · Company Update / Appointment of Statutory Auditor/s
Dear Sir/Ma''am, Please find attached the Proceedings of Annual General Meeting held on September 18, 2026.18 Sep 2026 · AGM/EGM / AGM
Intimation of Newspaper Publication in Form INC-26 Regarding Shifting of Registered Office of the Company16 Sep 2026 · Company Update / Newspaper Publication
Execution of Share Sale Agreement for divestment of entire shareholding from its subsidiary i.e FNS Agro Foods Limited9 Sep 2026 · Company Update / Memorandum of Understanding /Agreements
Intimation of Divestment of entire shareholding by the company in its subsidiary i.e FNS Agro Foods Limited9 Sep 2026 · Company Update / Diversification / Disinvestment
Execution of Share Sale Agreement dated 09.09.2026 with seven proposed acquirers.9 Sep 2026 · Company Update / General
Dear sir/Ma''am, Pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015 we wish to inform that board of directors have approved the divestment of entire shareholding held by the ....8 Sep 2026 · Company Update / Restructuring
The Board of Directors considered and approved the divestment/disposal of the entire equity shareholding held by the Company in FNS Agro Foods Limited ('FNS'), a subsidiary of the Company, ....8 Sep 2026 · Board Meeting / Outcome of Board Meeting
HMA Agro Industries Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 08/09/2026 ,inter alia, to consider and approve The divestment/disposal ....3 Sep 2026 · Board Meeting / Board Meeting
Newspaper Advertisement regarding completion of Dispatch of Notice of 18th Annual General Meeting of the Company29 Aug 2026 · Company Update / Newspaper Publication
Pursuant to Regulation 36(1)(b) of SEBI(LODR) Regulations, 2015 We hereby submit the weblink of Annual Report including the link of Notice of 18th AGM is being provided to those members ....27 Aug 2026 · Company Update / General
We hereby submit the revised copy of the Annual Report due to certain inadvertent typographical error.27 Aug 2026 · Others / Reg. 34 (1) Annual Report
Please Find attached the Revised Notice of AGM27 Aug 2026 · AGM/EGM / AGM
We hereby submit the pr-dispatch notice intimation published in Newspapers.26 Aug 2026 · Company Update / Newspaper Publication
Dear Sir/Ma''am, Please find attached the Annual Report for the F.Y Ended 2025-2026.26 Aug 2026 · Others / Reg. 34 (1) Annual Report
Intimation of Business Responsibility and Sustainability Report (BRSR) for the Financial Year ended March 31, 202625 Aug 2026 · Others / Business Responsibility and Sustainability Reporting (BRSR)
Intimation of Notice of 18th Annual General Meeting of the Company25 Aug 2026 · AGM/EGM / AGM
Intimation of Book Closure of 18th Annual General Meeting for the purpose of Remote E-Voting25 Aug 2026 · Corp. Action / Book Closure
Intimation of Appointment of Statutory Auditor of the Company25 Aug 2026 · Company Update / Appointment of Statutory Auditor/s
Outcome of Board Meeting held today Tuesday, August 25, 2026 for approval of Notice, Annual Reports, other Reports and Disclosures25 Aug 2026 · Board Meeting / Outcome of Board Meeting

Corporate actions

Purpose	Ex date	Record date	Payment date
Final Dividend - Rs. - 0.3000	22 Aug 2025	22 Aug 2025	—
Final Dividend - Rs. - 0.3000	20 Sep 2024	—	—

Board meetings

3 Nov 2026 Board Meeting - Financial Results
13 Aug 2026 Board Meeting - Financial Results