HMA Agro Industries Ltd - Stock Valuation and Financial Performance

BSE: 543929 | NSE: HMAAGRO | Consumer Food | Small Cap

HMA Agro Indus Share Price

65.15 -3.74 -5.43%
as on 15-Apr'24 15:31

DeciZen - make an informed investing decision on HMA Agro Indus

Overall Rating
Bole Toh

1. Quality

2. Valuation

Somewhat overvalued

3. Price Trend

Semi Strong

HMA Agro Industries stock performance -

mw4me loader
P/E Ratio (SA):
20.18
Market Cap:
3,215.4 Cr.
52-wk low:
48.5
52-wk high:
84

Is HMA Agro Industries Ltd an attractive stock to invest in?

1. Is HMA Agro Industries Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that HMA Agro Industries Ltd is a average quality company.

2. Is HMA Agro Industries Ltd undervalued or overvalued?

The key valuation ratios of HMA Agro Industries Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.

3. Is HMA Agro Industries Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of HMA Agro Industries Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of HMA Agro Indus:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
HMA Agro Industries Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 0%0%0%0%0%1.8%10.1%20.6%16%17.7%-
Value Creation
Index
NANANANANA-0.9-0.30.50.10.3-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 000002,7422,3731,7082,9223,1264,229
Sales YoY Gr.-NANANANANA-13.5%-28%71.1%7%-
Adj EPS 0000000.41.61.62.43.2
YoY Gr.-NANANANANA3400%351.4%3.2%49.1%-
BVPS (₹) 0000033.95.57.710.215
Adj Net
Profit
000000.316.975.177.4116159
Cash Flow from Ops. 0000004434.4-48.2134-
Debt/CF from Ops. 0000003.74.9-5.52.1-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales NANA9.6%7%
Adj EPS NANA90.8%49.1%
BVPSNANA37.5%31.8%
Share Price - - - -

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
000000.210.333.924.727.225.3
Op. Profit
Mgn %
000000.82.66.33.74.94.7
Net Profit
Mgn %
0000000.74.42.73.73.8
Debt to
Equity
000000.90.90.70.70.6-
Working Cap
Days
0000006686647732
Cash Conv.
Cycle
0000002949364013

Recent Performance Summary

Net Profit is growing at healthy rate in last 3 years 90.77%

Debt to equity has declined versus last 3 years average to 0.59

Sales growth is good in last 4 quarters at 36.95%

Return on Equity has declined versus last 3 years average to 25.20%

Sales growth has been subdued in last 3 years 9.62%

Latest Financials - HMA Agro Industries Ltd.

Standalone Consolidated
TTM EPS (₹) 3.2 2.2
TTM Sales (₹ Cr.) 4,229 4,262
BVPS (₹.) 15 14.4
Reserves (₹ Cr.) 700 669
P/BV 4.28 4.47
PE 20.18 29.25
From the Market
52 Week Low / High (₹) 48.51 / 84.00
All Time Low / High (₹) 48.51 / 84.00
Market Cap (₹ Cr.) 3,215
Equity (₹ Cr.) 50.1
Face Value (₹) 1
Industry PE 66

Management X-Ray of HMA Agro Indus:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

Login/Register to view analysis.

Analyst's Notes

Key Ratios of HMA Agro Indus

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'19Mar'20Mar'21Mar'22Mar'23
Sales2,7422,3731,7082,9223,126
Operating Expenses 2,7192,3121,6042,8132,971
Manufacturing Costs10811458273313
Material Costs2,3061,9121,3672,3502,531
Employee Cost 8676587322
Other Costs 218211121117106
Operating Profit 2360104109154
Operating Profit Margin (%) 0.8%2.5%6.1%3.7%4.9%
Other Income 4244135546
Interest 62071012
Depreciation 10241144
Exceptional Items 00000
Profit Before Tax 486099149184
Tax 2216263946
Profit After Tax 264573110137
PAT Margin (%) 1.0%1.9%4.3%3.8%4.4%
Adjusted EPS (₹)0.60.91.62.32.9
Dividend Payout Ratio (%)1%0%0%0%10%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 141185258368484
Share Capital 4444848
Reserves 137181254320437
Minority Interest00000
Debt124161169265286
Long Term Debt00000
Short Term Debt124161169265286
Trade Payables25542676567
Others Liabilities 4398834558
Total Liabilities 562486577743896

Fixed Assets

Gross Block5267654852
Accumulated Depreciation1017281317
Net Fixed Assets4249383535
CWIP 00000
Investments 1934527373
Inventories94156127132113
Trade Receivables303127169288299
Cash Equivalents 638513967
Others Assets10082140176308
Total Assets 562486577743896

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 04434-48134
PBT 06099149184
Adjustment 0-414-4014
Changes in Working Capital 01-48-115-19
Tax Paid 0-13-30-43-44
Cash Flow From Investing Activity 0-29-22-76-87
Capex 0-7-5-1-5
Net Investments 0-70-2321
Others 0-16-17-53-103
Cash Flow From Financing Activity 0171901
Net Proceeds from Shares 00000
Net Proceeds from Borrowing 00000
Interest Paid 000-6-10
Dividend Paid 0000-10
Others 01719620
Net Cash Flow 03213-3449
PARTICULARSMar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)18.5427.3232.9535.2832.23
ROCE (%)20.4826.327.3330.1227.94
Asset Turnover Ratio4.884.533.214.433.82
PAT to CFO Conversion(x)00.980.47-0.440.98
Working Capital Days
Receivable Days4033322934
Inventory Days1219301614
Payable Days4028151010

HMA Agro Industries Ltd Stock News

HMA Agro Industries Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of HMA Agro Indus on 15-Apr-2024 15:31 is ₹65.15.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 15-Apr-2024 15:31 the market cap of HMA Agro Indus stood at ₹3,215.4.
The latest P/E ratio of HMA Agro Indus as of 15-Apr-2024 15:31 is 20.18.
The latest P/B ratio of HMA Agro Indus as of 15-Apr-2024 15:31 is 4.28.
The 52-week high of HMA Agro Indus is ₹84.00 and the 52-week low is ₹48.51.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of HMA Agro Indus is ₹4,229 ( Cr.) .

About HMA Agro Industries Ltd

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.

Read More Read Less
You have 2 views remaining as a Guest User. To get DeciZen Rating of 3,500+ Stocks based on their Quality, Valuation and Price Trend Login Now
© 2024 The Alchemists Ark Pvt. Ltd. All rights reserved. MoneyWorks4Me ® is a registered trademark of The Alchemists Ark Pvt.Ltd.