HMA Agro Industries Ltd - Stock Valuation and Financial Performance

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

• Frozen buffalo meat
• Frozen fish
• Basmati rice

History and milestone

• 2008: The company was incorporated as HMA Agro Industries Limited.
• 2010: Commencement of Production at its Aligarh Plant.
• 2012: Commencement of Export and Production from Agra Plant (contractual basis).
• 2013: Crossed revenue of Rs 10,000 million.
• 2016: Acquired 100% stake of FNS Agro Foods Limited.
• 2017: Acquired 100% stake of HMA Food Export Private Limited.
• 2018: Acquired 100% stake of United Farm Product Private Limited, under which Haryana Plant was proposed.
• 2018: Commencement of Manesar Plant (secondary level meat processing unit).
• 2018: Crossed revenue of Rs 20,000 million.
• 2019: Closure of Aligarh Plant due to UPPCB Issue.
• 2020: Incorporated its Subsidiary Laal Agro Food Private Limited (Owner of Jaipur Plant).
• 2020: Incorporated its Subsidiary JFF Exports Private Limited.
• 2021: Acquired 60% of Federal Agro Industries Private Limited.
• 2021: Acquired 95% of M/s. Reliable Agro Foods.
• 2021: JFF Exports Pvt Ltd enters into agreement to acquire the Unnao Plant and formalities for asset transfer get underway.
• 2022: Introduced Frozen Fish and Basmati Rice in the product basket.
• 2023: Commencement of Production in Haryana Plant.