HMAAGRO

HMA Agro Industries share price & financials

Price
₹22.27
Market cap
₹1.1k Cr
Sector
Fast Moving Consumer Goods
Calls analysed
7
Latest concall · Q1 FY27 · call held 14 Aug 2026

HMA Agro Industries Limited Q1 FY27

Consolidated Revenue ₹2,110.32 cr +88%Consolidated EBITDA ₹81.05 cr +388%Consolidated EBITDA Margin 3.8% Consolidated PAT ₹50.51 cr +8318%

What went well

  • Consolidated Revenue of INR 2,110.32 crores, up 88% YoY, demonstrating strong top-line growth.
  • Consolidated EBITDA of INR 81.05 crores, up 388% YoY, reflecting significant operating leverage.
  • Consolidated PAT of INR 50.51 crores, a substantial increase from INR 0.6 crore in Q1 last year, indicating improved profitability.
Read the full call →

What HMA Agro Industries Limited does

HMA Agro Industries is an integrated food-processing and export company that procures, processes and exports frozen halal buffalo meat through its own abattoir-cum-processing plants, cold-storage infrastructure and export-logistics chain. It has diversified into seafood, rice, pet food, edible offals, and leather products, sold under brands such as Black Gold, Kamil, HMA, Darlingpets, Fresh Gold and Green Gold. The company is a Government of India-recognised Five Star Export House, serving customers across more than 40 countries in the Middle East, Africa and Asia, and operates under international quality/food-safety certifications including ISO, HACCP, FSSC and GMP.

Segments

  • Frozen halal buffalo meat
  • Seafood
  • Pet food
  • Rice
  • Fruits & vegetables
  • Leather products
Manufacturing/processing facilities
10 facilities across 5 Indian states (Uttar Pradesh, Punjab, Haryana, Madhya Pradesh, Maharashtra)
Annual meat processing capacity
~4,00,000 metric tonnes/year
Daily production capacity
~1,472 MT/day
Facility mix
6 integrated meat processing plants, 1 fish processing facility, 1 pet food manufacturing unit, 1 rice facility (Karnal, Haryana), 1 chicken processing plant under development
Export markets
40+ countries across five continents
FY26 export volume (Consolidated)
2,21,187 MT
Founded 1960Headquarters Agra, Uttar Pradesh, India Company website

Guidance record · Q1 FY27

what the last two calls moved 8 tracked 0 delivered 7 missed 1 open
  • Revenue Share from Philippines, Indonesia, Malaysia missed said Q4 FY25 Promised: 20-25% revenue share in FY26 Q1 FY27: The target period (FY26) has passed, and the promise was confirmed as missed in the previous quarter. The topic was not discussed.
  • Total Revenue on track said Q4 FY25 Promised: $1 billion USD by 2027 Q1 FY27: The company reported strong consolidated revenue of INR 2,110.32 crores, up 88% YoY. This performance keeps the company on a plausible trajectory to meet its revised INR 10,000 crore revenue target for FY27.

All 8 tracked — every revision, and every one management stopped mentioning.

Open the guidance ledger

Quarterly results

Q1 FY27: revenue up 90.4%, net profit up 357.1% against the same quarter last year.

₹ Cr · quarterly
Line itemQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Revenue1,367 1,365 1,437 1,088 2,149 +57%1,993 +46%1,538 +7%2,072 +90%
EBITDA28 28 -19 7 37 +32%42 +50%2 +111%-16 −329%
Net profit25 34 -1 7 48 +92%52 +53%19 +2000%32 +357%
How to read this

₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.

Performance −33.8% 1Y

₹20.0₹25.0₹30.0Sept 25Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Q2 FY26 — 17 Nov 2025Q3 FY26 — 13 Feb 2026Q4 FY26 — 29 May 2026Q1 FY27 — 14 Aug 2026

1Y: ₹30.32 on 10 Sept 2025 → ₹20.07. High ₹33.03 (23 Sept 2025), low ₹19.98 (10 Sept 2026).

How the price took the results

close before → close after

Q1 FY27
+10.6%
14 Aug
Q4 FY26
−1.3%
29 May
Q3 FY26
−7.0%
13 Feb
Q2 FY26
+6.7%
17 Nov

The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.

Financials, as filed

Revenue grew 27.7% a year over 3 years, FY23 to FY26. Operating margin narrowed to 1.3%.

Year endingFY23FY24FY25FY26
Revenue₹3.3k Cr₹4.7k Cr₹4.9k Cr₹6.8k Cr
Operating profit₹171 Cr₹122 Cr₹38 Cr₹88 Cr
Operating margin5.3%2.6%0.8%1.3%
Interest₹10 Cr₹9 Cr₹21 Cr₹33 Cr
Depreciation₹9 Cr₹6 Cr₹4 Cr₹4 Cr
Net profit₹147 Cr₹110 Cr₹60 Cr₹126 Cr
Net margin4.5%2.4%1.2%1.9%
Cash from operations₹134 Cr₹-142 Cr₹19 Cr₹-119 Cr
Free cash flow₹130 Cr₹-149 Cr₹19 Cr₹-129 Cr
ROCE28.0%17.0%10.0%14.0%
How to read this

From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.

Balance sheet

Year endingFY21FY22FY23FY24FY25FY26
Equity capital₹4 Cr₹48 Cr₹48 Cr₹50 Cr₹50 Cr₹50 Cr
Reserves₹254 Cr₹320 Cr₹437 Cr₹687 Cr₹814 Cr₹845 Cr
Borrowings₹169 Cr₹265 Cr₹286 Cr₹385 Cr₹627 Cr₹834 Cr
Other liabilities₹129 Cr₹111 Cr₹133 Cr₹181 Cr₹276 Cr₹584 Cr
Total liabilities₹555 Cr₹744 Cr₹903 Cr₹1.3k Cr₹1.8k Cr₹2.3k Cr
Fixed assets₹38 Cr₹35 Cr₹35 Cr₹39 Cr₹271 Cr₹39 Cr
Capital work in progress₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹55 Cr₹0 Cr
Investments₹52 Cr₹73 Cr₹73 Cr₹73 Cr₹0 Cr₹223 Cr
Other assets₹465 Cr₹636 Cr₹794 Cr₹1.2k Cr₹1.4k Cr₹2.1k Cr
Total assets₹555 Cr₹744 Cr₹903 Cr₹1.3k Cr₹1.8k Cr₹2.3k Cr
How to read this

As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.

Who owns it

As disclosed at Jun 2026

Since Jun 2025, promoters trimmed −6.63 pp while the public added +5.17 pp. The shareholder count shrank 4% to 63,045.

Promoters
75.0%
FIIs
4.8%
DIIs
3.5%
Public
16.7%

Since Jun 2025

  • Promoters −6.63 pp
  • Public +5.17 pp
  • DIIs +3.35 pp

How it drifted, 12 quarters

Over this window promoters fell from 83.6% to 75.0% — −8.6 pp.

Sep '23Dec '24Jun '26

Ownership split by quarter, oldest first. Sep '23: Promoters 83.6%, FIIs 8.0%, Public 8.4%.Dec '23: Promoters 83.6%, FIIs 7.4%, Public 9.0%.Mar '24: Promoters 83.6%, FIIs 5.9%, DIIs 0.0%, Public 10.5%.Jun '24: Promoters 83.6%, FIIs 5.3%, DIIs 0.0%, Public 11.1%.Sep '24: Promoters 83.6%, FIIs 5.8%, Public 10.6%.Dec '24: Promoters 83.6%, FIIs 5.3%, Public 11.0%.Mar '25: Promoters 83.6%, FIIs 5.2%, DIIs 0.0%, Public 11.1%.Jun '25: Promoters 81.6%, FIIs 6.7%, DIIs 0.1%, Public 11.5%.Sep '25: Promoters 81.6%, FIIs 5.8%, DIIs 0.6%, Public 11.9%.Dec '25: Promoters 81.6%, FIIs 4.9%, DIIs 1.4%, Public 12.1%.Mar '26: Promoters 81.6%, FIIs 4.9%, DIIs 1.4%, Public 12.1%.Jun '26: Promoters 75.0%, FIIs 4.8%, DIIs 3.5%, Public 16.7%.

Who was buying across the market this quarter →

Who bought this quarter

since Mar 2026

Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.

The same filing shows 5 holders trimming and 0 off the list — both are in the register beside this.

Who is on the register

Named in the Jun 2026 filing

Every holder of HMA Agro Industries Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.

HolderStakeChange
Zulfiqar Ahmad Qurashi 17.01%−1.42 pp
Mohammad Ashraf Qureshi 17.01%−1.42 pp
Mohammad Mehmood Qureshi 17.01%−1.42 pp
Gulzar Ahmad 12.16%−0.85 pp
Wajid Ahmed 8.50%−1.50 pp
Parvez Alam 3.31%unchanged
Rajasthan Global Securities Private Limited NBFC / DFI2.63%+1.42 pp
Expertpro Realty Private Limited 1.27%newly disclosed
Maybank Securities Pte Ltd FPI fund1.12%unchanged
Gulzeb Ahmed 0.00%unchanged

A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.

All earnings calls (7)

Read the Q1 FY27 call →

Learn to analyse HMA Agro Industries Limited

Guides on how to read this kind of business and the numbers that matter.