BSE: 543929 | NSE: HMAAGRO | Consumer Food | Small Cap
Past 10 year's financial track record analysis by Moneyworks4me indicates that HMA Agro Industries Ltd is a good quality company.
The key valuation ratios of HMA Agro Industries Ltd's currently when compared to its past seem to suggest it is in the Fair zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of HMA Agro Industries Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 0% | 0% | 0% | 0% | 20.5% | 26.3% | 27.1% | 30.1% | 27.9% | 17% | - |
| Value Creation Index ⓘ | NA | NA | NA | NA | 0.5 | 0.9 | 0.9 | 1.2 | 1.0 | 0.2 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 0 | 0 | 0 | 0 | 2,742 | 2,373 | 1,707 | 2,922 | 3,126 | 4,665 | 4,594 |
| Sales YoY Gr. | - | NA | NA | NA | NA | -13.5% | -28% | 71.1% | 7% | 49.3% | - |
| Adj EPS ⓘ | 0 | 0 | 0 | 0 | 0 | 0.4 | 1.4 | 1.6 | 2.6 | 2 | 1.2 |
| YoY Gr. | - | NA | NA | NA | NA | NA | 308.6% | 14% | 57.7% | -22.2% | - |
| BVPS (₹) ⓘ | 0 | 0 | 0 | 0 | 3 | 3.9 | 5.4 | 7.7 | 10.2 | 14.7 | 15 |
| Adj Net Profit ⓘ | 0 | 0 | 0 | 0 | 0 | 16.9 | 67.8 | 77.4 | 122 | 100 | 58 |
| Cash Flow from Ops. ⓘ | 0 | 0 | 0 | 0 | 28.6 | 44 | 42 | -48.2 | 134 | -142 | - |
| Debt/CF from Ops. ⓘ | 0 | 0 | 0 | 0 | 4.4 | 3.7 | 4 | -5.5 | 2.1 | -2.7 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | NA | 11.2% | 39.8% | 49.3% | ||||
| Adj EPS ⓘ | NA | NA | 11.8% | -22.2% | ||||
| BVPSⓘ | NA | 37.6% | 39.6% | 44.3% | ||||
| Share Price | - | - | - | -47.9% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 0 | 0 | 0 | 0 | -0 | 10.3 | 30.6 | 24.8 | 28.6 | 16.4 | 7.8 |
| Op. Profit Mgn % ⓘ | 0 | 0 | 0 | 0 | 0.8 | 2.6 | 5.8 | 3.7 | 5.2 | 2.7 | 1 |
| Net Profit Mgn % ⓘ | 0 | 0 | 0 | 0 | 0 | 0.7 | 4 | 2.7 | 3.9 | 2.2 | 1.3 |
| Debt to Equity ⓘ | 0 | 0 | 0 | 0 | 0.9 | 0.9 | 0.7 | 0.7 | 0.6 | 0.5 | 0 |
| Working Cap Days ⓘ | 0 | 0 | 0 | 0 | 0 | 66 | 83 | 63 | 77 | 70 | 41 |
| Cash Conv. Cycle ⓘ | 0 | 0 | 0 | 0 | 0 | 29 | 49 | 36 | 40 | 33 | 13 |
Sales growth is growing at healthy rate in last 3 years 39.80%
Net Profit is growing at healthy rate in last 3 years 11.83%
Debt to equity has declined versus last 3 years average to 0.52
Sales growth is good in last 4 quarters at 24.90%
Return on Equity has declined versus last 3 years average to 7.70%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 1.2 | 2 |
| TTM Sales (₹ Cr.) | 4,594 | 4,820 |
| BVPS (₹.) ⓘ | 15 | 15.1 |
| Reserves (₹ Cr.) ⓘ | 715 | 705 |
| P/BV ⓘ | 2.67 | 2.65 |
| PE ⓘ | 34.82 | 19.92 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 39.16 / 84.00 |
| All Time Low / High (₹) | 39.16 / 84.00 |
| Market Cap (₹ Cr.) | 1,999 |
| Equity (₹ Cr.) | 50.1 |
| Face Value (₹) | 1 |
| Industry PE ⓘ | 64.6 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|
| Sales | 2,742 | 2,373 | 1,707 | 2,922 | 3,126 | 4,665 |
| Operating Expenses ⓘ | 2,719 | 2,312 | 1,611 | 2,813 | 2,971 | 4,540 |
| Manufacturing Costs | 141 | 147 | 80 | 88 | 137 | 219 |
| Material Costs | 2,306 | 1,912 | 1,367 | 2,350 | 2,531 | 4,011 |
| Employee Cost | 86 | 76 | 58 | 73 | 22 | 39 |
| Other Costs ⓘ | 186 | 178 | 106 | 303 | 281 | 271 |
| Operating Profit ⓘ | 23 | 60 | 97 | 109 | 154 | 126 |
| Operating Profit Margin (%) | 0.8% | 2.5% | 5.7% | 3.7% | 4.9% | 2.7% |
| Other Income ⓘ | 42 | 44 | 13 | 55 | 46 | 41 |
| Interest ⓘ | 6 | 20 | 6 | 10 | 12 | 14 |
| Depreciation ⓘ | 10 | 24 | 4 | 4 | 4 | 6 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 48 | 60 | 98 | 149 | 184 | 147 |
| Tax ⓘ | 22 | 16 | 26 | 39 | 46 | 36 |
| Profit After Tax | 26 | 45 | 72 | 110 | 137 | 111 |
| PAT Margin (%) | 1.0% | 1.9% | 4.2% | 3.8% | 4.4% | 2.4% |
| Adjusted EPS (₹) | 0.6 | 0.9 | 1.5 | 2.3 | 2.9 | 2.2 |
| Dividend Payout Ratio (%) | 1% | 0% | 0% | 0% | 10% | 14% |
| PARTICULARS | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | ||||
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 141 | 185 | 257 | 368 | 484 | 737 | ||||
| Share Capital ⓘ | 4 | 4 | 4 | 48 | 48 | 50 | ||||
| Reserves ⓘ | 137 | 181 | 254 | 320 | 437 | 687 | ||||
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | ||||
| Debt | 124 | 161 | 169 | 265 | 286 | 383 | ||||
| Long Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | ||||
| Short Term Debt | 124 | 161 | 169 | 265 | 286 | 383 | ||||
| Trade Payables | 255 | 42 | 67 | 65 | 67 | 124 | ||||
| Others Liabilities ⓘ | 43 | 98 | 61 | 45 | 58 | 57 | ||||
| Total Liabilities ⓘ | 562 | 486 | 554 | 743 | 896 | 1,301 | ||||
Fixed Assets | ||||||||||
| Gross Block | 52 | 67 | 47 | 48 | 52 | 63 | ||||
| Accumulated Depreciation | 10 | 17 | 9 | 13 | 17 | 23 | ||||
| Net Fixed Assetsⓘ | 42 | 49 | 38 | 35 | 35 | 39 | ||||
| CWIP ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | ||||
| Investmentsⓘ | 19 | 34 | 52 | 73 | 73 | 73 | ||||
| Inventories | 94 | 156 | 127 | 132 | 113 | 163 | ||||
| Trade Receivables | 303 | 127 | 169 | 288 | 299 | 474 | ||||
| Cash Equivalents | 6 | 38 | 51 | 39 | 67 | 108 | ||||
| Others Assetsⓘ | 100 | 82 | 118 | 176 | 308 | 444 | ||||
| Total Assets ⓘ | 562 | 486 | 554 | 743 | 896 | 1,301 | ||||
| PARTICULARS | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 29 | 44 | 42 | -48 | 134 | -142 |
| PBT ⓘ | 48 | 60 | 98 | 149 | 184 | 147 |
| Adjustment ⓘ | 8 | -4 | 11 | -40 | 15 | 4 |
| Changes in Working Capital ⓘ | -5 | 1 | -37 | -115 | -20 | -245 |
| Tax Paid ⓘ | -22 | -13 | -30 | -43 | -44 | -47 |
| Cash Flow From Investing Activity ⓘ | -18 | -29 | -33 | -76 | -87 | -36 |
| Capex | -5 | -7 | -5 | -1 | -5 | -7 |
| Net Investments | -1 | -7 | 0 | -23 | 21 | -34 |
| Others ⓘ | -12 | -16 | -27 | -53 | -103 | 4 |
| Cash Flow From Financing Activityⓘ | -6 | 17 | 4 | 90 | 1 | 221 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 0 | 150 |
| Net Proceeds from Borrowing ⓘ | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Paid ⓘ | -3 | 0 | -4 | -6 | -10 | -10 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 | -10 | -15 |
| Others ⓘ | -3 | 17 | 8 | 96 | 20 | 96 |
| Net Cash Flow ⓘ | 4 | 32 | 13 | -34 | 49 | 43 |
| PARTICULARS | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | ||||
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 18.54 | 27.32 | 32.76 | 35.33 | 32.23 | 18.12 | ||||
| ROCE (%) | 20.48 | 26.3 | 27.14 | 30.14 | 27.94 | 16.99 | ||||
| Asset Turnover Ratio | 4.88 | 4.53 | 3.28 | 4.51 | 3.82 | 4.25 | ||||
| PAT to CFO Conversion(x) | 1.12 | 0.98 | 0.58 | -0.44 | 0.98 | -1.28 | Working Capital Days | |||
| Receivable Days | 40 | 33 | 32 | 29 | 34 | 30 | ||||
| Inventory Days | 12 | 19 | 30 | 16 | 14 | 11 | ||||
| Payable Days | 40 | 28 | 15 | 10 | 10 | 9 | ||||
The company was incorporated as ‘HMA Agro Industries Limited’ on April 09, 2008 under the Companies Act, 1956 with the Registrar of Companies, Uttar Pradesh and Uttranchal bearing registration number 034977. The company was granted its certificate for commencement of business on June 25, 2008 by the RoC. Further, object of the company was altered vide Special Resolution dated January 01, 2015 and August 29, 2016. The fresh certificate of incorporation was issued on January 19, 2015 and September 27, 2016, respectively by the Registrar of Companies, Kanpur.
HMA Group is one of the biggest food trade organisation for handled food and agro products including frozen fresh deglanded buffalo meat, prepared/frozen natural products, vegetables and cereals in India and has an experience of many years altogether. HMA Group has been in the meat industry since over four decades. The company is the flagship company of the group and is a three star export house recognized by Government of India. Its products are mainly packaged under the brand name ‘Black Gold’, ‘Kamil’ & ‘HMA’ and exported to many countries all over the globe. It deals in buffalo meat and allied products. Unlike beef or pork, buffalo meat is free from religious constraints and has the added advantage of low fat and cholesterol. The meat produced for export is in the form of deboned and deglanded frozen halal buffalo meat.
It (including its subsidiaries) own four fully integrated packaged meat processing plants which are located at Aligarh, Mohali, Agra and Parbhani and are in the process of setting up its fifth fully integrated owned meat product processing unit at Haryana. The procurement of raw material is done by the company and then this raw material is sent to various processing units to process the raw material into final products and it exports these branded finished products through its distribution channels. Most of these processing units are owned by its subsidiaries and some are owned by third parties. The company pays the fixed charges to these processing units.
Business area of the company
The company is one of the biggest food trade organisation for handled food and agro products including frozen fresh deglanded buffalo meat, prepared/frozen natural products, vegetables and cereals in India.
Products of the company
History and milestone
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