Credit ratingSep 2026
Sep 2026 · Announcement under Regulation 30 (LODR)-Credit Rating 29 Sep - CARE reaffirmed HMA Agro’s ratings; bank facilities enhanced to Rs 1,731 crore on September 29, 2026.
Source: Bse
HMA Agro Industries Limited (HMAAGRO)
Small CapConsumer stocks · Small cap · NSE
HMA Agro Industries Limited operates in Meat Processing, within the Consumer sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers.
Data qualityFresh enough for analysisQuote updated 21 Oct, 03:31 pm ISTDetails
Quote21 Oct, 03:31 pm IST
Base fundamentals06 Oct 2026 · screener
Latest result13 Aug, 03:56 pm IST
Score21 Oct, 04:30 am IST · v4.3-runtime-valuation
Tags02 May 2026
Coverage13/14 · 93%
Valuation2026-07-20 · Rf 6.8% · Consumer P/E 22.2 (n=441)
Technical timing lens
Trend score and candlestick chart
50NeutralSMA20 +12.9% / mo · MACD − · sector -4.6pp vs Nifty 500 (3M)
Stock trend: 62
Sector RS: 31
Sector 3M: -10.2% vs Nifty 500 -5.6%
Consumer FPI tailwindNot confirmed
Latest mapped FPI equity flow was not positive. View sector evidence
Technical chart
HMAAGROD candles · FIT view-0.5%Latest close ₹24.29 on 2026-10-21
Bar
-2.0%
RSI
54
MACD hist
-0.01
52W pos
34%
2026-10-21O ₹24.78H ₹25.20L ₹24.05C ₹24.29Vol 15.7L sh
Up bar
Down bar
EMA 20
EMA 50
Volume + 20D avg
Result date
RSI(14)
MACD / signal
Market context
Relative performance and chart statistics
Adjusted completed-session prices, rebased to 100
HMAAGRONifty Consumer DurablesNifty 500
- HMAAGRO
- +11.6%
- Nifty 500
- -6.5%
- Nifty Consumer Durables
- -11.0%
- Vs Nifty 500
- +18.1 pp
Chart stats
21 Oct 2026- From 52W high
- -29.1%
- 52W range position
- 34%
- ATR (14)
- 5.5%
- Volume vs 20D
- 0.69x
- Avg traded value
- ₹5.1 Cr
- 20D price channel
- ₹22.6 - ₹26.5
₹34.2
₹19.1 - ₹34.2
₹1.3
Latest completed session
20-session average
47.3% annualized volatility
Research snapshot
What the evidence says now
Investable fundamentals, management evidence is still limited to a financial-only Trust Lite signal, price trend is neutral, and recent execution is consistent.
Suggested next step
Research, do not rush
The evidence is not strongly aligned. Compare peers and wait for a cleaner setup.
U-Score
Legacy · UNDERVALUED74
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
Latest result
Excellent77
Revenue +87.9% · PAT +5000.0% YoY
Technical
Neutral50
Price trend and sector-relative-strength timing.
Valuation
Legacy model+82.9%
Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.
Trust
Limited evidence64
Financial-only signal; management claim evidence is not sufficient yet.
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Latest result
Quarter ended 30 Jun 2026
Excellent · 77/100Rev +88% YoY · PAT +5000% YoY · +34% QoQ · operating leverage · margin compression
Filed 13 Aug 2026
Open results browser →| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹2,110 Cr | +87.9% | +33.6% |
| EBITDA | ₹9 Cr | +80.0% | +250.0% |
| Operating margin | 0.4% | -10 bps | +80 bps |
| PAT | ₹51 Cr | +5000.0% | +537.5% |
| PAT margin | 2.4% | +233 bps | +191 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Fundamentals
Valuation
- P/E
- 5.45
- P/B
- 1.24
- EV/EBITDA
- 10.41
- Market Cap
- 1170.00Cr
Profitability
- ROE
- 19.10%
- ROCE
- 16.20%
- ROA
- 8.91%
- Dividend Y
- —
Growth (CAGR)
- Revenue 5Y
- 32.00%
- EPS 5Y
- 18.00%
- Revenue 3Y
- 29.00%
- EPS 3Y
- 11.00%
Balance Sheet
- Debt/Equity
- 0.90
- Interest Coverage
- 4.18×
- Altman Z
- 4.36
- Book Value
- 18.80
Cash Flow
- FCF Yield
- —
- FCF Positive Y
- 3/5
- OCF
- -85.00 Cr
- EPS TTM
- 4.28
Shareholding
- Promoter Hold
- 75.00%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 29%
Financial History
Updated 21/10/2026
Revenue
₹ CrLatest: 2,110+33.6% vs prev
Net Profit
₹ CrLatest: 51.0+537.5% vs prev
ROE is shown only in the Annual view — quarterly equity data isn't published.
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Daily technical trend read
Mixed signalsSignals are conflicting — long-term uptrend intact. RSI 54. Wait for confirmation.
- Price above SMA200 (long-term uptrend) but mid-term MAs not aligned.
- SMA20 rising (~11.4% over last month) — short-term momentum positive.
- RSI(14) at 54 — falling, no extreme reading.
- MACD below signal but histogram contracting — bearish momentum easing.
- 29% off 52W high · 27% above 52W low.
Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.
Nifty 500 leadership
Relative Strength & Trend Stage
53
RS percentile
Stage 1 Base / Transition
1M return
+1.4%
3M return
+11.6%
6M return
-1.5%
1Y return
-21.1%
RS 1D
-2
RS 20D
+15
Sector rank
#8
Industry rank
#28
Stage evidence
- Price is within 6.3% of the 30-week proxy.
- The 30-week proxy changed -0.5% over 20 sessions.
- The moving-average structure does not confirm Stage 2 or Stage 4.
50-DMA
price above
200-DMA
price above
Sector
neutral
Industry
improving
Relative-strength line vs Nifty 500 (base 100)
262 observations
21 Oct 2026Value 80.91-1.62%
RS vs Nifty 50081
Valuation & peers
U-Score 74 · legacy U-Score band UNDERVALUED · valuation evidence and comparable companies
Valuation & peers
U-Score 74 · legacy U-Score band UNDERVALUED · valuation evidence and comparable companies
Top Setup
Fundamental score breakdown
U band · UNDERVALUEDValuation30/30
Growth17/25
Quality15/20
Balance Sheet7/15
Cash Flow2/10
Piotroski
5/9 (+3)
Penalties
0
Raw sum
74
Why this score?
Top U-Score contributors and drags from the latest stored fundamentals.
74/100 · legacy band UNDERVALUED
Positive drivers
- Fair-value margin of safety is positive at 82.9%.
- Valuation contributes 30/30 to the score.
- Quality contributes 15/20 to the score.
Main drags
- Cash flow is weaker at 2/10; verify the latest quarterly trend.
- Balance sheet is weaker at 7/15; verify the latest quarterly trend.
- Growth is weaker at 17/25; verify the latest quarterly trend.
Sector valuation model
Consumer valuation: PE/PEG and brand-quality premium
Consumer franchises can deserve higher multiples, but only when growth quality supports them.
Primary lens
PE and PEG relative to growth, ROE, margins, and brand strength.
Secondary checks
Volume growth, pricing power, distribution, same-store or category growth.
Main risk check
Premium valuation needs durable growth and margin resilience.
PE
5.5
PB
1.2
EV/EBITDA
10.4
ROE
19.1%
ROCE
16.2%
FCF Yield
—
Debt/Equity
0.9
MoS
+82.9%
Score movement
Stored run vs live recompute
This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.
Stored run: 21 Oct 2026
v4.3-runtime-valuation
Final score
74
Previous: 74
Legacy U-Score band
UNDERVALUED
Previous: UNDERVALUED
Margin of safety
+82.9%
Previous: +82.5%
Score history
12 stored score snapshots. Latest stored move: +0 points.
21 Oct 2026
v4.3-runtime-valuation
74
74
74
74
74
73
74
74
74
74
74
74
Factor attribution
No pillar movement versus the latest stored run. Historical score trend will appear after snapshot storage is enabled.
Modelled fair value
Graham Number
₹42.55
+42.9% MoS
Growth-justified P/E
33.3
Growth-justified Value
₹142.52
+82.9% MoS
PEG
0.36
Comparable companies
Peers
Business-comparable peers in Consumer — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.
Ticker
Name
Why peer
Score
PE
ROE
MoS
Verdict
SKMEGGPROD
Small
SKM Egg Products Export (India) Limited
Agro Processing
match 60
82
9.5
29.7%
+71%
DEEP VALUE
BCLIND
Small
Bcl Industries Limited
Agro Processing
match 60
75
7.9
13.4%
+78%
DEEP VALUE
ANDHRSUGAR
Small
The Andhra Sugars Limited
Agro Processing
match 59
48
10.6
6.1%
-127%
FAIR VALUE
DBOL
Small
Dhampur Bio Organics Limited
Agro Processing
match 58
62
32.3
2.6%
+69%
UNDERVALUED
DHAMPURSUG
Small
Dhampur Sugar Mills Limited
Agro Processing
match 58
28
16.2
5.5%
-722%
OVERVALUED
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business and thesis
Issuer presentation review pending
HMA Agro Industries Limited operates in Meat Processing, within the Consumer sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers. The structured result feed currently covers the quarter ended 30 Jun 2026. Investor presentations and earnings-call PDFs will be added as issuer-backed evidence before management claims appear here.
Trust Score
64Limited evidence · low confidenceTrust Lite
Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.
Limited evidence: Claim history is still being built. It ranks around the 42nd percentile of the scored universe and 45th percentile within Consumer. Main check: cash conversion is weak at 40/100.
This is a financial-behaviour screen, not a claim-tested management reliability verdict.
Computed 05 Sept 2026
management-trust-v1
48 docs text-extracted · 14 concalls text-extracted
Score band
Limited evidence
Financial behaviour is scored, but management claims do not yet have enough outcome checks.
Relative rank
42nd percentile
overall median 67 · Consumer: 45th pctile, median 66 · Small: 47th pctile, median 66
Evidence depth
Financial-only
48 documents have extracted text, but claim history is not strong enough yet.
Claim delivery
Outcome history still building
0 claims extracted · No contradicted claim yet
How to read this Trust Score
Limited evidence · low confidenceWhat it measures
Reliability of management and financial delivery, using financial behaviour only.
Confidence
Treat this as an early read until more concalls and outcomes are matched.
Investor use
Acceptable, but check the weakest sub-score before increasing exposure.
Read Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.
Forensic breakdown
Read low sub-scores as due-diligence warnings, not automatic sell signals.
Promoter
68
acceptable · holding, pledge, alignment
Cash flow
40
weak · profit to cash conversion
Balance sheet
73
acceptable · leverage and solvency
Discipline
68
acceptable · capital discipline
Results
80
strong · quarterly consistency
Trust positives
- ▸Promoter holding is 75%.
- ▸Promoter pledge is zero.
- ▸4/4 latest quarters had positive YoY revenue growth.
- ▸3/4 latest quarters had positive YoY PAT growth.
Trust risks
- ▸Promoter holding fell 6.6%.
- ▸Operating cash flow is negative at ₹-85 Cr.
- ▸1 of the latest 4 quarters had PAT decline worse than 25% YoY.
- ▸Profit margin is 2.1%.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Continue researching HMA Agro Industries Limited
Important announcements & filings
Latest exchange and company disclosures found within the past two years.
Open source ↗
AnnouncementSep 2026
Sep 2026 · Announcement under Regulation 30 (LODR)-Cessation 18 Sep - MAPSS & Company’s term ended September 18, 2026; VAA & Associates appointed for five years.
Source: Bse
AnnouncementSep 2026
Sep 2026 · Announcement under Regulation 30 (LODR)-Diversification / Disinvestment 9 Sep - HMA Agro approved divestment of FNS Agro Foods for about ₹5.01 crore; completion expected by September 30, 2026.
Source: Bse
AnnouncementSep 2026
Sep 2026 · Announcement under Regulation 30 (LODR)-Restructuring 8 Sep - HMA Agro to divest 100% stake in FNS Agro Foods for ₹5.01 crore; completion expected by September 30, 2026.
Source: Bse
AnnouncementSep 2026
Sep 2026 · Announcement under Regulation 30 (LODR)-Memorandum of Understanding /Agreements 9 Sep - HMA Agro will sell 100% stake in FNS Agro Foods for ₹5.01 crore by September 30, 2026.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Appointment of Statutory Auditor/s 18 Sep - HMA Agro shareholders approved VAA & Associates as statutory auditor for 5 years from 18th AGM.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 16 Sep - Intimation of Newspaper Publication in Form INC-26 Regarding Shifting of Registered Office of the Company
Source: Bse
Investor presentationAug 2026
Aug 2026 · PPT
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 14 Aug - Newspaper Clipping of Financial Results for the Quarter ended June, 2026 of HMA Agro Industries Limited
Source: Bse
Credit rating
Announcement under Regulation 30 (LODR)-Credit Rating 24 Jun - CARE reaffirmed HMA Agro’s ratings; bank facilities enhanced to Rs1,231 crore from Rs931 crore.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 30 May - Intimation of Newspaper Publication in Form No. INC-26 for proposed shifting of Registered Office of the Company.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 30 May - Dear Sir/Ma''am, We hereby submit the copy of Newspaper publication in Form No. INC-26 for shifting of Registered Office from One state to another.
Source: Bse
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.