HMA Agro Industries Ltd
HMAAGROHMA Agro Industries Ltd's earnings have outrun its stock. EPS grew +90.2% in a year against a −34.5% price move.
The sharpest disagreement: profits are rising, but only −36% of the last 3 years' profit arrived as operating cash — the gap between the P&L and the bank account is the thing to watch.
The price is in a downtrend (130 weeks in) while the P/E sits at the 0th percentile of its own 3-year range. Underneath, the last four quarters read improving — profit +5,000.0% year on year, and −36% of the last 3 years' profit arrived as cash. What settles it: whether the cash starts following the profit.
Price story Before the numbers, the tape. A stock price moves through four repeating seasons: a flat base (stage 1), an advance (2), a top (3), a decline (4). Where the price sits in that cycle frames everything below.
HMA Agro Industries Ltd trades at ₹20.1, in a downtrend and 130 weeks into that stage. That is −18.5% against its own 200-day average. It sits at 0% of a 52-week range of ₹20 to ₹32. On relative strength it is currently behind the NIFTY 500 on a trailing-13-week view (4 weeks and counting).
Today the stock is in a downtrend — week 130 of stage 4, confirmed. At ₹20.1 it trades −18.5% versus its 200-day average and sits at 0% of its 52-week range (₹20–₹32).
Against the market, two honest reads. Cumulative: over the last 3.2 years the stock moved −66% while the NIFTY 500 moved +37% — behind the index over the full window. Recent form: on a trailing-13-week view the stock is currently behind (4 weeks and counting; last ahead the week of 2026-08-14) — the ribbon below is that same metric, week by week.
What would end the trend, mechanically: two Friday closes in a row below the 200-day line. That is the exit rule — no debates.
Valuation P/E is the price of ₹1 of annual profit: how many rupees the market pays for each rupee the company earns in a year.
HMA Agro Industries Ltd trades at 4.7× P/E, about the cheapest it has ever traded. Its long-run median P/E is 20.8×, measured across 3.2 years of weekly readings. This places the multiple against the stock’s own record, and says nothing about what the business is worth.
Today's P/E of 4.7× is about the cheapest it has ever traded, against a long-run median of 20.8× measured over 3.2 years of weekly readings. This is a comparison against the stock's own history — not a claim about what it is worth.
Why the multiple sits where it does: over the past year annual EPS moved +90.2% against a −34.5% price move — earnings outran the price, pushing the multiple DOWN its own range.
The price move, decomposed: over 3y, of the −36.9%/yr price move, ~+20.8%/yr came from earnings growth and ~−57.7 pp from the multiple (compressing). The split is the honest approximate (price return minus earnings growth); it makes the rally itself visible instead of hiding it behind the percentile.
Put together: the multiple is low against its own past, so the story rests on the earnings line underneath it, not the multiple.
A quarterly PEG curve, which only the second data source carries, is not drawn on this page: its two data sources do not share enough overlapping reported history to be compared. A figure nobody could check is not used to price growth — the gap is a decision, not missing data.
What the price assumes This reading works the multiple backwards. It asks one question: what yearly rate of profit growth is a buyer at the market price already paying for? The number is the growth rate that makes eleven years of profit — six years growing, then five fading — add up to that day's market price, once each year is discounted at 11% a year.
Solved at its 13 June 2026 price, HMA Agro Industries Ltd was paying for profit growth of about −0.6% a year. Profit itself has compounded 27.0% a year over the past 7 years. Today the market pays 4.7× P/E, the 0th percentile of its own 3-year range.
What the two numbers say together. The multiple is low against its own past, and the growth the price is paying for is below what this company has actually delivered.
How to hold this number: it is a reading of one day's price, taken on 13 June 2026, not a running figure — every other number on this page, the multiple included, is read off the live quote as of 11 September 2026. A higher price is paying for more growth and a lower price for less, so it moves whenever the price does, and this page does not restate it between measurements.
Stage: Improving Every business sits somewhere on a fundamental arc, and this page names the spot before anything else. The last twelve quarters of revenue, profit and EPS growth — plus the return the business earns on its capital — are read as curves: Deteriorating (the curves are falling), Turning around (a trough has just formed and the last few quarters lift off it), Improving (the climb off the trough is sustained), Consistent (steadily positive with healthy returns), Topping out (still high but decelerating from the peak). When the curves genuinely disagree the read is Mixed; too little history is No read. CAGR (compound annual growth rate) is the smooth yearly pace that turns the starting value into the latest one — the fairest way to compare growth across different time spans. Read the columns together: if the 1-year number towers over the 10-year, recent growth is running hotter than the long-run trend. A dash means that window is not held, or the base year was a loss (where a growth rate is not meaningful).
HMA Agro Industries Ltd reads as improving on its fundamental arc. Improving — EPS growth bottomed 8 quarters ago at −52.7% and has held its recovery at +147.4%, ROCE holding at 16.0%. The read is built from 9 quarters across 4 curves, on partial evidence.
Why it matters: a sustained climb off the trough is the setup this page is built to catch — the question moves to what you pay for it.
The latest quarter’s profit carries a one-off item larger than the operating base, so the profit curve is shown but does not vote in the stage call.
Return readings here are annual, not quarterly — read as level and direction only; they can confirm the growth curves but never drive the stage on their own.
A partial read: at least one curve is short, or the returns curve is not the computed quarterly series — hold the stage word a little more loosely.
| 1yr | 3yr | 5yr | 10yr | |
|---|---|---|---|---|
| Revenue | +34.7% | +29.2% | +32.3% | — |
| Profit | +87.5% | +10.3% | +18.0% | — |
| EPS | +90.2% | +9.2% | −29.8% | — |
| Share price | −34.5% | −36.9% | — | — |
4-Factor Sector Score
51.3/100 — rank 4 of 5 in FMCG - Animal/Polutry · 87% evidence confidence
HMA Agro Industries Ltd scores 51.3 out of 100 against the 5 companies it is compared with in FMCG - Animal/Polutry, ranking 4. Acceleration candidate, not a confirmed leader: earnings are strong but sector-relative strength is -26% and the one-year return is -33.8%. Do not upgrade until sector-relative strength is above zero and another reported period confirms growth.
The four contributions add to the total exactly: 26.8 + 9.5 + 15 + 0 = 51.3. This is the SAME number shown on the sector comparison — it is computed once, for the whole peer set, and read here.
What would change it: The read weakens if profit growth turns negative or margin improvement reverses while sector-relative strength deteriorates.
Revenue Revenue is the top line: everything the company billed its customers in the period.
HMA Agro Industries Ltd reported ₹2,110 Cr of revenue in the Jun 26 quarter, +87.9% year on year. That is the 8th straight quarter of year-on-year growth. Over 7 years it has compounded at 14.1% a year. The last full year, FY26, came in at ₹6,916 Cr. The last four reported quarters add to ₹7,903 Cr.
FY26 revenue came in at ₹6,916 Cr (+34.7% on the year), capping 7 years at 14.1% compound. The latest quarter (Jun 26) printed ₹2,110 Cr, +87.9% year on year — the 8th consecutive quarter of year-over-year growth.
Pace check: the last four quarters averaged +45.4% growth against the decade's 14.1% — the current year is running faster than its own long-run rate.
Acceleration check: trailing-twelve-month revenue grew +42.6% over the last 4 quarters against +31.7%/yr over the last 8 — accelerating; TTM profit +148.3% vs +93.0%/yr — accelerating.
Operating margin Operating margin is what is left of every ₹100 of sales after running the business, before interest and tax. It is the cleanest read on pricing power and cost control.
HMA Agro Industries Ltd's operating margin is 0.4% in the Jun 26 quarter, −0.1 percentage points against the same quarter a year ago. Across 8 fiscal years the operating margin has ranged 0.8% to 6.0%. The current quarter is running below every full year in that window.
The latest quarter's operating margin is 0.4%, −0.1 pp against the same quarter a year ago. Across 8 fiscal years the operating margin has ranged 0.8%–6.0%.
Why the margin moved: operating margin went +0.0 pp year on year while gross margin went −2.7 pp — the gain came mostly from the gross line: input costs and pricing.
Net profit Net profit is what survives every cost, interest and tax — the number EPS, dividends and book value all grow from.
HMA Agro Industries Ltd earned ₹51.0 Cr of net profit in the Jun 26 quarter, +5,000.0% year on year. Full-year FY26 profit was ₹165 Cr. The 7-year compound rate is 27.0%. That is 2.4% of the quarter's revenue. The same quarter a year earlier earned ₹1.0 Cr.
Jun 26 profit was ₹51.0 Cr, +5,000.0% year on year. On the full year, FY26 printed ₹165 Cr (+87.5%), and the 7-year compound rate is 27.0%.
Why profit moved: revenue contributed +87.9% and the margin −0.1 pp — the quarter was revenue-led, with the margin roughly flat.
Pace comparison, last four quarters: profit +1,313.9% vs revenue +45.4%. Profit is growing faster than sales — fixed costs are being spread over a bigger base, and each extra rupee of revenue drops more to the bottom line.
Cash flow — the router The P&L says what was earned; the cash-flow statement says what actually arrived. Operating cash flow (CFO) against profit is the cleanest lie detector in the accounts.
Over the last 3 fiscal years −36% of HMA Agro Industries Ltd's reported profit arrived as operating cash — a gap worth watching. In FY26 that was ₹−85.0 Cr of operating cash against ₹165 Cr of profit. After ₹34.0 Cr of capital spending, ₹−119 Cr was left as free cash.
FY26: operating cash of ₹−85.0 Cr against reported profit of ₹165 Cr, leaving free cash of ₹−119 Cr after ₹34.0 Cr of capital spending. Across the last 3 fiscal years the conversion rate is −36% of profit.
Cash-flow readings here are annual — that is the resolution our series carries, so this section moves once a year.
🚨 Why conversion sits at −36%: the cash cycle stretched 25 days between FY21 and FY26 — more of each rupee of profit waits inside the cycle before arriving. Less than 70% of profit arriving as cash is the thing to watch on this page.
Router verdict: conversion is below par and the cash cycle has stretched 25 days — the next section's job is to find where the cash is stuck.
Where the cash goes Working capital is the cash tied up between paying suppliers and getting paid: debtor days (customers owe), inventory days (stock waits), and the cash conversion cycle (the whole loop, in days of sales).
HMA Agro Industries Ltd's cash conversion cycle runs 74 days in FY26, up from 49 days in FY21. Capital spending ran ₹105 Cr over the last 3 years. At FY26 sales of ₹6,916 Cr each day of that cycle holds about ₹18.9 Cr, so roughly ₹1,402 Cr sits inside the business at any moment.
FY26: debtors at 1 days, inventory at 80 days — roughly 2.6 months of stock waiting to sell; that is where the cash sits while it waits — for a full cycle of 74 days, looser than FY21's 49.
The full loop: cash goes out to suppliers and production on day 0; stock waits 80 days to sell; customers pay about 1 days after that; and suppliers themselves are paid at 8 days — netting out to the 74-day cycle.
In money terms: at FY26 sales of ₹6,916 Cr, each day of the cycle holds about ₹18.9 Cr — so the 74-day loop keeps roughly ₹1,402 Cr sitting inside the business at any moment.
On the investment side: capital spending of ₹105 Cr over the last 3 fiscal years against ₹102 Cr of depreciation — building somewhat ahead of wear-and-tear. Capital work-in-progress stands at ₹61.0 Cr (FY26) — capacity paid for but not yet earning.
The synthesis: the working-capital loop is the cash sink the router flagged — watch the cycle, not the P&L.
Return on capital Return on capital employed (ROCE) is the profit the whole business earns on all the money in it — equity and debt together. It is the single best test of whether growth creates value or just size.⚠ unverified
HMA Agro Industries Ltd earns a ROCE of 16% in FY26. That is up from a trough of 12% in FY25. Return on invested capital clears the cost of that capital by −5.3 percentage points, so growth here is not yet paying for the capital it uses. The wiring behind it is 2.4% net margin on 2.87× asset turns.
FY26 ROCE is 16%, recovered from a FY25 trough of 12% — the full ladder below shows the fall and the climb, undoctored.
🚨 Why the return is what it is — the wiring (FY26): 2.4% net margin × 2.87× asset turns × 2.56× balance-sheet leverage ≈ 17.6% on equity. Margin does its share; leverage is a meaningful part of the equation.
The capstone test — ROIC − WACC: 6.7% − 12.0% = a −5.3 pp spread. The 12.0% is a standing assumption for the cost of capital in India, not a per-stock estimate — read the sign and the size of the spread, not the decimals. Negative — growth at these returns destroys value until the returns recover.
Debt Debt-to-equity says how much of the business is funded by borrowings. Low is the safe corner; the trend matters as much as the level.⚠ unverified
HMA Agro Industries Ltd carries total debt of ₹850 Cr against shareholder equity of ₹962 Cr as of Mar 26, a debt-to-equity of 0.88. On the annual view that ratio went from 0.84 in FY22 to 0.88 in FY26. Read the returns elsewhere on this page with that leverage in mind.
Mar 26: total debt of ₹850 Cr against shareholder equity of ₹962 Cr — a debt-to-equity of 0.88. On the annual view, debt-to-equity went from 0.84 (FY22) to 0.88 (FY26). Read the returns on this page with that leverage in mind.
Ownership Who owns the stock, quarter by quarter: promoters (the controlling owners), foreign and domestic institutions, and the public. Steady accumulation by people close to the numbers is a signal; a quiet register is also an answer.
Promoters cut 8.6 points of HMA Agro Industries Ltd over 8 quarters, the biggest move on the register. That takes promoters to 75.0% of the company. Domestic institutions moved +3.6 points over the same window, to 3.6%. The register is read on the four disclosed classes only; nothing is inferred between filings.
The register over the last two years — Promoters: −8.6 points over 8 quarters to 75.0%; Domestic institutions: +3.6 points over 8 quarters to 3.6%; Foreign institutions: −1.2 points over 8 quarters to 4.1%.
🚨 Why the register moved: promoters drove it (−8.6 points), absorbed on the other side by domestic institutions (+3.6 points) — distribution into the market’s bid.
Safety line The Z-score estimates how far a company sits from balance-sheet distress — above roughly 3 is safe, below roughly 1.8 is the danger zone. It was built for manufacturers, so it is not applied to banks and lenders.
HMA Agro Industries Ltd: the Z-score is not available for this stock, so we say so rather than invent one. It is a distance-to-distress estimate from the balance sheet, not a forecast of failure. The debt, cash-flow and return sections above carry the balance-sheet evidence this page does hold, and each of them states its own reporting date.
The safety line in one sentence: the Z-score is not available for this stock, so we say so rather than invent one.
| Company | Score | Price stage | Growth & earnings/35 | Capital efficiency/25 | Valuation/20 | Relative strength/20 |
|---|---|---|---|---|---|---|
| 1SKM Egg Products Export (India) LtdSKMEGGPROD | 69.5/100Favorable setup80% evidence | FADING | 30.1/35 Revenue 40% · PAT 100% · OPM change 3 pp 95% evidence | 16.9/25 ROCE 30% · OPM 17% 95% evidence | 10.8/20 P/E 11.4× · PEG — 15% evidence | 11.7/20 RS sector 11.2% · RS bench 17.9% · 1Y 35.9%10 of 12 weeks ahead 100% evidence |
| Exact sum: 30.1 + 16.9 + 10.8 + 11.7 = 69.5 · Decision use: Confirmed research leader: earnings, capital efficiency and relative strength agree. Move to management, catalyst and risk diligence. | ||||||
| 2Venkys (India) LtdVENKEYS | 59.8/100Mixed-positive evidence87% evidence | TURNING | 23.1/35 Revenue 18.3% · PAT 100% · OPM change 3.3 pp 95% evidence | 5.6/25 ROCE 11.9% · OPM 6% 95% evidence | 11.1/20 P/E 14.5× · PEG — 50% evidence | 20.0/20 RS sector 16.3% · RS bench 23.6% · 1Y 19.7%4 of 12 weeks ahead 100% evidence |
| Exact sum: 23.1 + 5.6 + 11.1 + 20 = 59.8 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 3Godrej Agrovet LtdGODREJAGRO | 55.1/100Mixed-positive evidence82% evidence | TURNING | 12.8/35 Revenue 8.6% · PAT 0.7% · OPM change -2 pp 95% evidence | 15.2/25 ROCE 19.2% · OPM 8% 76% evidence | 11.6/20 P/E 27.7× · PEG — 50% evidence | 15.5/20 RS sector 8.2% · RS bench 15% · 1Y -9.7%2 of 12 weeks ahead 100% evidence |
| Exact sum: 12.8 + 15.2 + 11.6 + 15.5 = 55.1 · Decision use: Price leads the evidence: RS versus the benchmark is 15%, but earnings trajectory is weak. Wait for revenue and profit confirmation. | ||||||
| 4HMA Agro Industries Ltdthis pageHMAAGRO | 51.3/100Mixed-positive evidence87% evidence | ASLEEP | 26.8/35 Revenue 42.5% · PAT 100% · OPM change -0.1 pp 95% evidence | 9.5/25 ROCE 16% · OPM 0.4% 95% evidence | 15.0/20 P/E 4.7× · PEG — 50% evidence | 0.0/20 RS sector -26% · RS bench -21.3% · 1Y -33.8%0 of 12 weeks ahead 100% evidence |
| Exact sum: 26.8 + 9.5 + 15 + 0 = 51.3 · Decision use: Acceleration candidate, not a confirmed leader: earnings are strong but sector-relative strength is -26% and the one-year return is -33.8%. Do not upgrade until sector-relative strength is above zero and another reported period confirms growth. | ||||||
| 5KSE LtdKSE | 32.1/100Adverse evidence69% evidence | ASLEEP | 1.8/35 Revenue 5.1% · PAT -58.4% · OPM change -12 pp 95% evidence | 14.8/25 ROCE 33.6% · OPM -0.1% 76% evidence | 10.0/20 P/E 12.3× · PEG — 15% evidence | 5.5/20 RS sector -4.2% · RS bench -15.9% · 1Y -31.4%0 of 10 weeks ahead 70% evidence |
| Exact sum: 1.8 + 14.8 + 10 + 5.5 = 32.1 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
Missing observations are not scored as bad. Their missing weight lowers confidence and pulls the final score toward neutral. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step curve the sector itself is placed on — basing, turning, breaking out, leader, fading, asleep — read from how many weeks running it has led NIFTY 500 and whether that lead is widening or shrinking. It describes where the PRICE stands, not the earnings trajectory and not a recommendation, and it is left blank for a company whose weekly history is too short or too stale to read.
Frequently asked questions
What is HMA Agro Industries Ltd's share price today?
HMA Agro Industries Ltd trades at ₹20.1, −34.5% over the past year. The company is valued at ₹1,005 Cr. The stock sits at the very bottom of its 52-week range (₹20–₹32), −18.5% versus its 200-day average. On the tape, the price is in a downtrend, 130 weeks in. — as of 11 September 2026.
What were HMA Agro Industries Ltd's latest quarterly results?
HMA Agro Industries Ltd reported revenue of ₹2,110 Cr and net profit of ₹51.0 Cr for the Jun 26 quarter. Revenue rose 87.9% and profit rose 5,000.0% year on year. Earnings per share were ₹1.01. The operating margin was 0.4%, 0.1 pp lower than a year earlier. — as of 11 September 2026.
What is HMA Agro Industries Ltd's revenue?
HMA Agro Industries Ltd reported revenue of ₹2,110 Cr in the Jun 26 quarter, +87.9% year on year. For the full FY26 fiscal year, revenue was ₹6,916 Cr (+34.7%). Over the last 7 years revenue compounded at 14.1% a year. — as of 11 September 2026.
What is HMA Agro Industries Ltd's profit?
HMA Agro Industries Ltd earned ₹51.0 Cr of net profit in the Jun 26 quarter, +5,000.0% year on year. Full-year FY26 profit was ₹165 Cr. The operating margin ran 0.4% in the latest quarter. — as of 11 September 2026.
What is HMA Agro Industries Ltd's market cap?
HMA Agro Industries Ltd's market capitalisation is ₹1,005 Cr at a share price of ₹20.1. Market cap is the share price multiplied by shares outstanding, so it is restated whenever the price moves. — as of 11 September 2026.
What is HMA Agro Industries Ltd's P/E ratio?
HMA Agro Industries Ltd trades at a P/E of 4.7×, at the cheapest it has been in 3 years, against a long-run median of 20.8×. This is a comparison with the stock's own history, not a value call — as of 11 September 2026.
Does HMA Agro Industries Ltd pay a dividend?
Not in its latest year — HMA Agro Industries Ltd's dividend payout was 0% of profit in FY26. It did record a payout in 2 of its last 8 reported fiscal years, so there is a history but no current dividend. — as of 11 September 2026.
Is HMA Agro Industries Ltd overvalued?
On its own history, HMA Agro Industries Ltd looks cheap: its P/E of 4.7× has been cheaper only 0% of the time in 3 years (long-run median 20.8×). That is a percentile read against the stock's own past, not a price opinion or a direction call. — as of 11 September 2026.
Is HMA Agro Industries Ltd growing?
Yes — HMA Agro Industries Ltd is growing: latest-quarter revenue +87.9% year on year, profit +5,000.0%, and the margin −0.1 pp at 0.4%. The 7-year compound rates are 14.1% (revenue) and 27.0% (profit). The earnings engine currently reads: improving — as of 11 September 2026.
How is HMA Agro Industries Ltd performing?
HMA Agro Industries Ltd is in a downtrend, 130 weeks in. Its latest quarter's revenue rose 87.9% and profit rose 5,000.0% year on year. Against the NIFTY 500 it has been behind on a trailing-13-week view for 4 weeks. This describes what the data did, not a rating. — as of 11 September 2026.
What stage is HMA Agro Industries Ltd in?
Improving — EPS growth bottomed 8 quarters ago at −52.7% and has held its recovery at +147.4%, ROCE holding at 16.0%. The read comes from the last 12 quarters of growth (revenue growth +42.6% latest, profit growth +148.3% latest, eps growth +147.4% latest) plus the ROCE curve, classified by deterministic rules — a trajectory read, not a buy or sell call — as of 11 September 2026.
Is HMA Agro Industries Ltd in an uptrend?
No — the price is in a downtrend (week 130 of stage 4), trading −18.5% versus its 200-day average and at the very bottom of its 52-week range. Price stages cycle base → advance → top → decline, and the stage names where this stock sits in that cycle — as of 11 September 2026.
Is HMA Agro Industries Ltd beating the market?
Not lately — on a trailing-13-week view HMA Agro Industries Ltd is currently behind the NIFTY 500 (4 weeks and counting; last ahead the week of 2026-08-14), the same metric the week-by-week ribbon on this page draws. Separately, on the cumulative view: over the last 3.2 years the stock moved −66% against the NIFTY 500's +37% — behind the index over the full window. — as of 11 September 2026.
Will HMA Agro Industries Ltd's share price go up?
This page publishes no price forecast for HMA Agro Industries Ltd. What it measures instead: the share price is ₹20.1, the price is in a downtrend 130 weeks in. Its P/E of 4.7× sits at the 0th percentile of its own 3-year range. — as of 11 September 2026.
Who owns HMA Agro Industries Ltd?
Promoters hold 75.0% of HMA Agro Industries Ltd, foreign institutions 4.1%, domestic institutions 3.6% and the public 17.3% (latest quarter). The biggest move on the register over the last two years: Promoters cut 8.6 points over 8 quarters. — as of 11 September 2026.
Does HMA Agro Industries Ltd have too much debt?
It is moderate — HMA Agro Industries Ltd's debt-to-equity is 0.90, and operating profit covers the interest bill 5×. FY26 borrowings were ₹850 Cr against equity of ₹941 Cr. Read the returns on this page with that leverage in mind — as of 11 September 2026.
What is HMA Agro Industries Ltd's capex?
HMA Agro Industries Ltd spent ₹105 Cr on capital expenditure over the last 3 fiscal years, a figure derived from the change in fixed assets plus depreciation. In FY26 alone that was ₹34.0 Cr, with ₹61.0 Cr in capital work-in-progress — capacity paid for but not yet earning. — as of 11 September 2026.
What is HMA Agro Industries Ltd's cash flow?
HMA Agro Industries Ltd consumed ₹85.0 Cr of operating cash in FY26 — cash flowed out rather than in (free cash flow: ₹−119 Cr). Operating cash was negative while the company reported a profit of ₹165 Cr. Cash-flow resolution for India is annual. — as of 11 September 2026.
Is HMA Agro Industries Ltd's profit real cash?
No — operating cash was negative over the last 3 fiscal years: HMA Agro Industries Ltd consumed cash while reporting profit. In FY26, operating cash was ₹−85.0 Cr against reported profit of ₹165 Cr. Cash-flow resolution is annual — as of 11 September 2026.
Where is HMA Agro Industries Ltd in its business cycle?
HMA Agro Industries Ltd's FY26 operating margin was 2.3%, against a 8-year band of 0.8%–6.0%: mid-band by its own history — neither the peak that precedes mean-reversion nor the trough that precedes recovery. The latest quarter ran 0.4%. Profitability versus a company's own long band is the cleanest cycle clock this page holds — as of 11 September 2026.
What growth does HMA Agro Industries Ltd's price assume?
At its price on 13 June 2026, HMA Agro Industries Ltd was priced for profit growth of about −0.6% a year. Profit itself has compounded 27.0% a year over the past 7 years. The figure reads the multiple backwards: the growth a buyer at that price was already paying for. — as of 11 September 2026.
What could break the HMA Agro Industries Ltd story?
The sharpest disagreement: profits are rising, but only −36% of the last 3 years' profit arrived as operating cash — the gap between the P&L and the bank account is the thing to watch. Mechanically, two Friday closes in a row below the 200-day average would end the price trend — that is the exit rule this page tracks — as of 11 September 2026.
Is HMA Agro Industries Ltd a stock worth studying right now?
This is not investment advice. The machine read: HMA Agro Industries Ltd's earnings have outrun its stock. EPS grew +90.2% in a year against a −34.5% price move. The sharpest open question: whether the cash starts following the profit. Every number on this page is drawn deterministically from the raw series, with no forecasts and no price opinions — as of 11 September 2026.
Not SEBI Registered !! Not Investment advice !!