Board Change • May 15
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 3 independent directors. 5 non-independent directors. Non Executive Independent Director Bhawna Jain was the last independent director to join the board, commencing their role in 2025. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹25.32, the stock trades at a trailing P/E ratio of 7.5x. Average trailing P/E is 18x in the Food industry in India. Total loss to shareholders of 17% over the past year. Reported Earnings • Feb 14
Third quarter 2026 earnings released: EPS: ₹1.32 (vs ₹0.41 in 3Q 2025) Third quarter 2026 results: EPS: ₹1.32 (up from ₹0.41 in 3Q 2025). Revenue: ₹21.0b (up 42% from 3Q 2025). Net income: ₹662.3m (up 227% from 3Q 2025). Profit margin: 3.2% (up from 1.4% in 3Q 2025). The increase in margin was driven by higher revenue. Reported Earnings • Nov 16
Second quarter 2026 earnings released: EPS: ₹1.79 (vs ₹1.04 in 2Q 2025) Second quarter 2026 results: EPS: ₹1.79 (up from ₹1.04 in 2Q 2025). Revenue: ₹21.9b (up 48% from 2Q 2025). Net income: ₹897.6m (up 73% from 2Q 2025). Profit margin: 4.1% (up from 3.5% in 2Q 2025). The increase in margin was driven by higher revenue. Upcoming Dividend • Aug 15
Upcoming dividend of ₹0.30 per share Eligible shareholders must have bought the stock before 22 August 2025. Payment date: 28 September 2025. Payout ratio is a comfortable 18% and this is well supported by cash flows. Trailing yield: 1.0%. Lower than top quartile of Indian dividend payers (1.3%). In line with average of industry peers (1.0%). New Risk • Aug 13
New major risk - Revenue and earnings growth Earnings have declined by 8.2% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 8.2% per year over the past 5 years. Minor Risks High level of debt (54% net debt to equity). Significant insider selling over the past 3 months (₹85m sold). Reported Earnings • Aug 07
Full year 2025 earnings released: EPS: ₹1.73 (vs ₹2.03 in FY 2024) Full year 2025 results: EPS: ₹1.73 (down from ₹2.03 in FY 2024). Revenue: ₹51.4b (up 6.4% from FY 2024). Net income: ₹867.8m (down 14% from FY 2024). Profit margin: 1.7% (down from 2.1% in FY 2024). The decrease in margin was driven by higher expenses. Announcement • Aug 07
HMA Agro Industries Limited to Report Q1, 2026 Results on Aug 12, 2025 HMA Agro Industries Limited announced that they will report Q1, 2026 results on Aug 12, 2025 Announcement • Aug 04
HMA Agro Industries Limited, Annual General Meeting, Aug 29, 2025 HMA Agro Industries Limited, Annual General Meeting, Aug 29, 2025, at 15:30 Indian Standard Time. Announcement • Jul 29
HMA Agro Industries Limited to Report Fiscal Year 2025 Results on Aug 04, 2025 HMA Agro Industries Limited announced that they will report fiscal year 2025 results on Aug 04, 2025 Recent Insider Transactions • Jun 11
MD & Director recently sold ₹85m worth of stock On the 10th of June, Mohammad Qureshi sold around 2m shares on-market at roughly ₹34.02 per share. This transaction amounted to 2.6% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Reported Earnings • May 30
Full year 2025 earnings released: EPS: ₹1.75 (vs ₹2.03 in FY 2024) Full year 2025 results: EPS: ₹1.75 (down from ₹2.03 in FY 2024). Revenue: ₹52.1b (up 7.9% from FY 2024). Net income: ₹867.8m (down 14% from FY 2024). Profit margin: 1.7% (down from 2.1% in FY 2024). The decrease in margin was driven by higher expenses. Announcement • May 21
HMA Agro Industries Limited to Report Q4, 2025 Results on May 29, 2025 HMA Agro Industries Limited announced that they will report Q4, 2025 results on May 29, 2025 Announcement • Apr 22
HMA Agro Industries Limited Appoints Gulzeb Ahmed as the Chief Executive Officer, Effective April 22, 2025 HMA Agro Industries Limited approved the appointment of Mr. Gulzeb Ahmed as the Chief Executive Officer (CEO) of the Company with effect from April 22, 2025. Further, Mr. Gulzeb Ahmed shall continue to hold the position of Chief Financial Officer and Whole- time Director of the Company. Mr. Gulzeb Ahmed, the youngest member of the HMA Family Group (Promoter of HMA Group), joined the family business of livestock trading in the year 2014. Since then, he has played a pivotal role in transforming and expanding the company's vision and market presence. He currently holds the position of Chief Financial Officer and Whole-time Director at HMA Agro Industries Limited, where he dedicates his full-time efforts to the strategic growth and operational excellence of the company. Under his leadership, the company has witnessed remarkable growth in sales and a significant expansion in its customer base. His dedication and commitment have elevated the brand value and market position of the company. Mr. Ahmed is actively involved in the marketing function of the company and spearheads the administration and management of the corporate office, ensuring streamlined control and governance. He has been instrumental in implementing modern management techniques and fostering innovation within the organization. With a deep understanding of the company's operations, strong leadership qualities, and extensive experience in interacting with international buyers and overseas trade partners, Mr. Gulzeb Ahmed regularly engages in strategic business discussions that contribute to the company's sustained growth and global expansion. His foresight and proactive approach have significantly contributed to the growth of the company's export operations, aligning the business with modern trade dynamics and international standards. Reported Earnings • Feb 08
Third quarter 2025 earnings released: EPS: ₹0.41 (vs ₹0.94 in 3Q 2024) Third quarter 2025 results: EPS: ₹0.41 (down from ₹0.94 in 3Q 2024). Revenue: ₹14.8b (up 18% from 3Q 2024). Net income: ₹202.9m (down 56% from 3Q 2024). Profit margin: 1.4% (down from 3.7% in 3Q 2024). Board Change • Jan 11
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Bhumika Parwani was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Oct 12
Hma Agro Industries Limited Announces Temporary Closure of Production At Aligarh Unit Due To Regulatory Compliance by Local Authorities HMA Agro Industries Limited announced that the production at one of the units of HMA Agro Industries Ltd., located at Talsapur Khurd, Mathura Bypass Road, Tehsil Kol, District Aligarh, has been temporarily stopped following a routine inspection conducted by local authorities. The production has been halted to complete the necessary regulatory compliance requirements as advised by the authorities. The company are in the process of fulfilling these requirements, and the unit will resume production once all necessary approvals are in place. The team at Aligarh plant is actively working towards resolving the issue and anticipates that normal operations will resume shortly upon completing the regulatory procedures. Upcoming Dividend • Sep 15
Upcoming dividend of ₹0.30 per share Eligible shareholders must have bought the stock before 20 September 2024. Payment date: 28 October 2024. Payout ratio is a comfortable 15% but the company is not cash flow positive. Trailing yield: 0.6%. Lower than top quartile of Indian dividend payers (1.0%). Lower than average of industry peers (0.9%). Declared Dividend • Aug 31
Dividend of ₹0.30 announced Shareholders will receive a dividend of ₹0.30. Ex-date: 20th September 2024 Payment date: 28th October 2024 Dividend yield will be 0.6%, which is lower than the industry average of 0.9%. Sustainability & Growth Dividend is covered by earnings (13% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The company is yet to establish a track record of dividend growth or stability as it hasn't paid a regular dividend for at least 2 years. Earnings per share has grown by 12% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Aug 29
HMA Agro Industries Limited, Annual General Meeting, Sep 28, 2024 HMA Agro Industries Limited, Annual General Meeting, Sep 28, 2024, at 15:30 Indian Standard Time. Announcement • Aug 28
HMA Agro Industries Limited Proposes Final Dividend for the Financial Year 2023-24 HMA Agro Industries Limited at its AGM to be held on September 28, 2024 proposed final dividend of INR 0.30 per share for the financial year 2023-24. The Company has fixed September 20, 2024 as the "Record Date" for determining entitlement of members to receive final dividend for the financial year 2023-24. Announcement • Aug 23
HMA Agro Industries Limited to Report Fiscal Year 2024 Final Results on Aug 28, 2024 HMA Agro Industries Limited announced that they will report fiscal year 2024 final results at 4:00 PM, Indian Standard Time on Aug 28, 2024 Reported Earnings • Aug 15
First quarter 2025 earnings released: EPS: ₹0.03 (vs ₹0.93 in 1Q 2024) First quarter 2025 results: EPS: ₹0.03 (down from ₹0.93 in 1Q 2024). Revenue: ₹7.22b (down 26% from 1Q 2024). Net income: ₹13.3m (down 97% from 1Q 2024). Profit margin: 0.2% (down from 4.5% in 1Q 2024). Announcement • Aug 05
HMA Agro Industries Limited to Report Q1, 2025 Results on Aug 14, 2024 HMA Agro Industries Limited announced that they will report Q1, 2025 results on Aug 14, 2024 Reported Earnings • Jun 05
Full year 2024 earnings released: EPS: ₹2.03 (vs ₹2.53 in FY 2023) Full year 2024 results: EPS: ₹2.03 (down from ₹2.53 in FY 2023). Revenue: ₹48.1b (up 50% from FY 2023). Net income: ₹1.01b (down 16% from FY 2023). Profit margin: 2.1% (down from 3.8% in FY 2023). The decrease in margin was driven by higher expenses. Announcement • May 25
HMA Agro Industries Limited to Report Q4, 2024 Results on May 30, 2024 HMA Agro Industries Limited announced that they will report Q4, 2024 results on May 30, 2024 Board Change • May 11
Less than half of directors are independent There are 4 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 4 new directors. No experienced directors. 1 highly experienced director. 2 independent directors (3 non-independent directors). Chairman of the Board Gulzar Ahmad is the most experienced director on the board, commencing their role in 2008. Independent Director Bhumika Parwani was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors. Valuation Update With 7 Day Price Move • Apr 03
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹59.05, the stock trades at a trailing P/E ratio of 26.6x. Average trailing P/E is 25x in the Food industry in India. Valuation Update With 7 Day Price Move • Mar 12
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₹53.50, the stock trades at a trailing P/E ratio of 24.1x. Average trailing P/E is 26x in the Food industry in India. Reported Earnings • Feb 09
Third quarter 2024 earnings released: EPS: ₹0.94 (vs ₹0.58 in 3Q 2023) Third quarter 2024 results: EPS: ₹0.94 (up from ₹0.58 in 3Q 2023). Revenue: ₹12.5b (up 63% from 3Q 2023). Net income: ₹461.1m (up 68% from 3Q 2023). Profit margin: 3.7% (up from 3.6% in 3Q 2023). The increase in margin was driven by higher revenue. Valuation Update With 7 Day Price Move • Feb 06
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹75.65, the stock trades at a trailing P/E ratio of 42x. Average trailing P/E is 30x in the Food industry in India. Valuation Update With 7 Day Price Move • Dec 28
Investor sentiment deteriorates as stock falls 90% After last week's 90% share price decline to ₹76.44, the stock trades at a trailing P/E ratio of 4.2x. Average trailing P/E is 29x in the Food industry in India. Reported Earnings • Nov 12
Second quarter 2024 earnings released: EPS: ₹1.96 (vs ₹7.25 in 2Q 2023) Second quarter 2024 results: EPS: ₹1.96 (down from ₹7.25 in 2Q 2023). Revenue: ₹12.0b (up 55% from 2Q 2023). Net income: ₹95.5m (down 72% from 2Q 2023). Profit margin: 0.8% (down from 4.4% in 2Q 2023). The decrease in margin was driven by higher expenses. Announcement • Sep 28
HMA Agro Industries Limited Announces Resignation of Akhter Sayeed from Human Resources Head HMA Agro Industries Limited announced that Mr. Akhter Sayeed has resigned from the post of Human Resources Head of the Company due to his pre-occupation and other personal commitments, with effect from September 26, 2023. Announcement • Sep 23
HMA Agro Industries Limited Declares Dividend for the Financial Year 2022-23 HMA Agro Industries Limited announced that at the 15th (Fifteenth) Annual General Meeting (AGM) of the Company held on September 22, 2023, approved to declare dividend of INR 3 per Equity share for the financial year 2022-23. Board Change • Sep 15
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Bhumika Parwani was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Sep 01
HMA Agro Industries Limited, Annual General Meeting, Sep 22, 2023 HMA Agro Industries Limited, Annual General Meeting, Sep 22, 2023, at 17:00 Indian Standard Time. Location: Jaypee Palace & Convention Centre Agra India Agenda: To receive, consider and adopt the audited financial statements (including the consolidated financial statements) of the Company for the financial year ended 31st March, 2023, together with the Reports of the Board of Directors and Auditors thereon; to declare dividend of INR 3/- per Equity share for the financial year 2022-23; and to appoint a director in place of Gulzeb Ahmed , who retires by rotation and being eligible, offers himself for re-appointment. Announcement • Aug 08
HMA Agro Industries Limited to Report Q1, 2024 Results on Aug 14, 2023 HMA Agro Industries Limited announced that they will report Q1, 2024 results on Aug 14, 2023 Reported Earnings • Aug 01
Full year 2023 earnings released: EPS: ₹25.32 (vs ₹24.39 in FY 2022) Full year 2023 results: EPS: ₹25.32 (up from ₹24.39 in FY 2022). Revenue: ₹32.6b (up 5.6% from FY 2022). Net income: ₹1.23b (up 6.5% from FY 2022). Profit margin: 3.8% (in line with FY 2022). Announcement • Jul 25
HMA Agro Industries Limited to Report Q4, 2023 Results on Jul 31, 2023 HMA Agro Industries Limited announced that they will report Q4, 2023 results on Jul 31, 2023