HMA Agro Industries share price today

HMA Agro Industries Ltd's share price was ₹28.47 at the close on 4 November 2026. It has been falling for 137 weeks. That is 16.4% above its average price over the last 200 trading days. In the last 52 weeks it traded between ₹20 and ₹32, and at that close it sat 72% of the way up from that low.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today HMA Agro Industries Ltd is in stage 4. The phase helps read everything below.

Over the past 13 weeks it has done better than the NIFTY 500, and it has stayed ahead for 9 weeks in a row.

Over the last 3.3 years the share price moved −52% while the NIFTY 500 moved +32%, so it is behind the index over that whole period. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

One change stood out: revenue up on a year earlier for 8 quarters in a row.

1. Revenue up on a year earlier for 8 quarters in a row

   In the June 2026 quarter revenue was ₹2,110 crore, +87.9% on a year earlier.

   Why: Revenue rose because buffalo meat exports, the main business, were the biggest part of sales and drove the growth.

   Next results: check the promised breakdown of how much growth came from selling more versus higher prices, since management did not give it on this call.

   From the earnings call on 14 Aug 2026.

For April to June 2026 (the quarter ended 30 June 2026), HMA Agro Industries reported revenue of ₹2,110 crore, up 87.9% from ₹1,123 crore a year earlier, and a profit of ₹51.0 crore, up 5,000.0% from ₹1.00 crore.

HMA Agro Industries results: April to June 2026 against a year earlier

The next results, for July to September 2026, are due by 14 November 2026: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter).

HMA Agro Industries' management discussed these results on a call held on 14 August 2026; what it said is further down this page.

From the company's reported quarterly results (quarter ended 30 June 2026). Revenue and profit in ₹ crore.

HMA Agro Industries closed at ₹28.47 on 4 November 2026, down 7.7% from ₹30.83 a year earlier (7 November 2025) and down 59.4% over three years. Its highest weekly close since July 2023 was ₹84.00 on 29 December 2023.

HMA Agro Industries share price: then and now

Weekly closing prices, adjusted for splits and bonuses so every price is on today’s share count. Each change is the move from that price to the 4 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes.

181 weekly closes from 7 July 2023 to 4 November 2026.

4 Nov 2026: HMA Agro Industries closed at ₹28.47, up 14.5% on the week and up 21.3% on the month. 14 Aug 2026: HMA Agro Industries held its results call for April to June 2026. Management guided: Sustain growth and momentum through operational efficiency, stronger market presence, profitability optimization, and disciplined financial management.

Earlier

• Results for April to June 2026: Revenue up 87.9% and profit up 5,000.0% on a year earlier.
• 29 Dec 2023: Share split: face value cut from ₹10 to ₹1 a share (ex-date).

HMA Agro Industries paid no dividend in the 12 months to 5 November 2026. The last was a dividend of ₹0.30 a share, ex-date 22 August 2025.

HMA Agro Industries dividends since 1 April 2021

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date. The record date is the same day as the ex-date for every payment here.

Not in its latest year. HMA Agro Industries Ltd paid out 0% of its profit as dividends in FY26. It did pay a dividend in 2 of its last 8 reported years, so there is a history but no current dividend.

From the NSE corporate-actions record, read 5 November 2026.

On the call for April to June 2026, held on 14 August 2026, HMA Agro Industries' management guided: Sustain growth and momentum through operational efficiency, stronger market presence, profitability optimization, and disciplined financial management.

“Regarding value addition, as of now, value addition in the main product is not showing a good response in the market because, in value addition, when we change the generic nature of any product, it is called value addition. We are still focusing on our main product, which is buffalo meat.”Nikhil Sundrani, on the call for April to June 2026

What management guided

• Pet-food research to develop products, expand exports, and acquire new clients.

Management’s own plans and goals, from our notes of the call. A plan is not a result.

Source: the call transcript.

From the call for April to June 2026, 14 August 2026.

When HMA Agro Industries reports July to September 2026, these are the 4 checks that show whether the story is still on course. First: Promised value-versus-volume revenue bridge - check whether the follow-up identifies volume, pricing, or mix as growth drivers.

HMA Agro Industries is on one of our India lists: Penny stocks.

HMA Agro Industries Ltd earned ₹51.0 Cr of net profit in the Jun 2026 quarter, +5,000.0% on the same quarter a year earlier. Full-year FY26 profit was ₹165 Cr. Over 7 years profit has grown 27.0% a year on average. That is 2.4% of the quarter's revenue. The same quarter a year earlier earned ₹1.0 Cr.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

For the full year, FY26 profit was ₹165 Cr (+87.5% on the year before).

Why profit moved: revenue changed +87.9% on a year earlier and the margin moved −0.1 percentage points. Sales did the work, and the margin was about flat.

On average over the last four quarters, profit changed +1,313.9% and revenue +45.4%. Profit is growing faster than sales: fixed costs are spread over more sales, so each extra rupee of revenue adds more to profit.

HMA Agro Industries Ltd reported ₹2,110 Cr of revenue in the Jun 2026 quarter, +87.9% on the same quarter a year earlier. That is the 8th quarter in a row with growth on the year before. Over 7 years it has grown 14.1% a year on average. The last full year, FY26, came in at ₹6,916 Cr.

Revenue is everything the company billed its customers in the period.

The last four reported quarters add to ₹7,903 Cr.

FY26 revenue was ₹6,916 Cr, +34.7% on the year before.

Recent pace: the last four quarters grew +45.4% on average, against 14.1% a year over the longer run, so this year is growing faster than its own long-run rate.

Is growth speeding up? Revenue over the last 12 months grew +42.6%, against +31.7% a year over the last 8 quarters (accelerating); profit over the last 12 months grew +148.3%, against +93.0% a year (accelerating).

HMA Agro Industries Ltd's operating margin was 0.4% in the Jun 2026 quarter, 0.1 percentage points lower than the same quarter a year ago. Across 8 years it has been between 0.8% and 6.0%. The latest quarter is below every full year in that period.

Operating margin is what is left from every ₹100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.

Why the margin moved: operating margin changed +0.0 percentage points on the year while gross margin changed −2.7 points. So the gain came mostly from the gross margin, which means input costs and prices charged.

Over the last 3 years HMA Agro Industries Ltd's operations used more cash than they brought in, so cash conversion was −36%, a gap worth watching. In FY26 its operations used ₹85.0 Cr of cash, against ₹165 Cr of profit. After ₹34.0 Cr of spending on assets, free cash was −₹119 Cr: it spent more than its operations brought in.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

Why −36% of profit came in as cash: the cash cycle got 25 days longer between FY21 and FY26, so more of each rupee of profit waits in the business before it arrives. When less than 70% of profit comes in as cash, it is the thing to watch on this page.

What to look at next: less of the profit turns into cash than it should, and the cash cycle is 25 days longer. The next section looks at where the cash is stuck.

HMA Agro Industries Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 74 days in FY26, up from 49 days in FY21. It spent ₹105 Cr on assets over the last 3 years. Customers take 1 days to pay, and stock sits for 80 days on average.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

At FY26 sales of ₹6,916 Cr, each day of that cycle ties up about ₹18.9 Cr, so roughly ₹1,402 Cr is tied up in the business at any time.

FY26: customers took 1 days to pay and stock sat for 80 days, about 2.6 months of sales sitting as stock, for a full cycle of 74 days, longer than FY21's 49.

The full loop: cash goes out to suppliers and production on day 0. Stock sits for 80 days. Customers pay about 1 days after that. Suppliers are paid at 8 days. Together that makes the 74-day cycle.

Spending on assets: ₹105 Cr over the last 3 years, against ₹102 Cr of depreciation (the yearly wear and tear on existing assets). So it is building a little beyond replacing what wears out. Work still in progress is ₹61.0 Cr (FY26): assets paid for that are not earning yet.

In short: cash is getting stuck in the daily cycle, so watch the cycle more than the profit.

HMA Agro Industries Ltd's P/E is 6.6×, near the low end of its own history: it has been lower only 8% of the time. Its usual P/E (the middle reading) is 20.6×, over 3.3 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth.

P/E is the share price divided by a year's profit per share: how many rupees the market pays for each rupee of yearly profit.

Why the multiple is where it is: over the past year earnings per share moved +88.6% while the price moved −7.7%. Earnings did better than the price, which pulled the multiple down within its own range.

Where the price move came from: over 3 years the price moved −25.9% a year; about +21.4% a year came from earnings growth and about −47.3 percentage points from the multiple (the market paying less). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple.

In short: the multiple is low against its own past, so the earnings trend underneath matters more than the multiple.

A quarterly PEG curve, which only the second data source has, is not shown on this page: its two data sources disagree by up to 51% on reported income across 16 comparable periods. When two sources disagree on a figure, we leave it out on purpose. The gap is a choice, not missing data.

HMA Agro Industries Ltd's business is getting better. EPS growth hit its low 8 quarters ago at −52.7% and has recovered to +147.4%, with ROCE steady at 16.0%. This is based on 9 quarters of 4 measures, with some gaps.

Every business is somewhere on a path of getting better or worse, and this section names where. The last 12 quarters of growth in revenue, profit and earnings per share, plus the return the business earns on its capital, are read as lines. Getting worse: the lines are falling. Turning around: a low point has just formed and the last few quarters are rising from it. Getting better: the rise from the low has lasted. Growing steadily: steady growth with healthy returns. Slowing from a peak: still high, but slowing. When the lines disagree the result is mixed; too little history means no reading. CAGR (compound annual growth rate) is the steady yearly rate that would turn the starting value into the latest one. It is the fairest way to compare growth over different periods. If the 1-year figure is much bigger than the 10-year one, recent growth is running faster than the long-run trend. A dash means there is no figure for that period, or the starting year was a loss, where a growth rate means nothing.

Why it matters: a lasting rise from a low is what this page is built to show.

The latest quarter’s profit includes a one-off item bigger than the normal business, so the profit line is shown but does not count in this reading.

The return figures here are yearly, not quarterly. They show level and direction only; they can support the growth lines but never decide the reading alone.

This reading has some gaps: at least one line is short, or the return line is not the quarterly series, so treat it with a little more caution.

Compound annual growth rate (%)

Compound annual growth rate over each period, %. Revenue, profit and EPS come from yearly figures; the share price row is price growth over the same periods. A dash means no figure for that period, or the starting year was a loss.

HMA Agro Industries Ltd earned a ROCE of 16% in FY26. That is up from a low of 12% in FY25. We cannot compare its return on capital used with its cost of capital from the data we have. It comes from a 2.4% net margin and 2.87× asset turnover (sales divided by assets).

Return on capital employed (ROCE) is the profit the whole business earns on all the money in it, from shareholders and lenders together. It is the best single test of whether growth adds value or just size.

Why the return is what it is (FY26): a 2.4% net margin × 2.87× asset turnover × 2.56× leverage (assets divided by equity) ≈ 17.6% on equity. The margin does its share; borrowing is a big part of it.

The quarterly return lines and the return-on-capital-used (ROIC) line, which only the second data source has, are not shown on this page: its two data sources disagree by up to 51% on reported income across 16 comparable periods. When two sources disagree on a figure, we leave it out on purpose. The gap is a choice, not missing data.

HMA Agro Industries Ltd had ₹850 Cr of borrowings against ₹941 Cr of equity in FY26, so its debt is 0.90× its equity. Its operating profit is 4 times its interest bill. Over 5 years borrowings went from ₹181 Cr to ₹850 Cr. Over the last 3 of those years it spent ₹105 Cr on assets.

Debt-to-equity shows how much of the business is paid for with borrowed money. Interest cover shows how many times operating profit pays the interest bill. Low debt and high cover are the safe combination.

Part of the spending on assets is being paid for with borrowed money.

The total-debt and debt-to-equity series, which only the second data source has, are not shown on this page: its two data sources disagree by up to 51% on reported income across 16 comparable periods. When two sources disagree on a figure, we leave it out on purpose. The gap is a choice, not missing data.

Promoters cut their stake in HMA Agro Industries Ltd by 8.6 percentage points over 8 quarters, the biggest change among its owners. Promoters now own 75.0% of the company. Foreign institutions moved −3.6 points over the same period, to 1.7%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings.

Who owns the company each quarter: promoters (the founders or controlling owners), foreign institutions, domestic institutions such as mutual funds, and the public. When people close to the business steadily raise their stake, that is worth noticing; a quiet list is also an answer.

Over the last two years: Promoters: −8.6 points over 8 quarters, to 75.0%; Foreign institutions: −3.6 points over 8 quarters, to 1.7%; Domestic institutions: +2.7 points over 8 quarters, to 2.7%.

Why the owners changed: foreign institutions moved −3.6 points and domestic institutions +2.7 points over 8 quarters, while promoters moved −8.6 points. One group of institutions took over shares from the other; it is not a change of mind by the people running the company.

For HMA Agro Industries Ltd, the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date.

The Z-score estimates how far a company is from balance-sheet trouble. Above about 3 is safe; below about 1.8 is the danger zone. It was built for manufacturers, so it is not used for banks and lenders.

68.6 out of 100, rank 1 of 5 in FMCG - Animal/Polutry, with 78% of the evidence available.

HMA Agro Industries Ltd scores 68.6 out of 100 against the 5 companies it is compared with in FMCG - Animal/Polutry, ranking 1. The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer.

The four parts add up to the total exactly: 26.4 + 11 + 15 + 16.2 = 68.6. This is the same number shown on the industry page; it is worked out once for the whole group and read here.

What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector.

HMA Agro Industries ranks 1 of 5 FMCG - Animal/Polutry companies on the 4-Factor Sector Score, with 68.6 out of 100.

Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. 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 path the industry 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 growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read.

The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section.

Related companies: FMCG - Animal/Polutry, all 5 compared on one page.

HMA Agro Industries is the 3rd largest of 5 FMCG - Animal/Polutry companies on Sector Alpha by market value (scores of 30 October 2026). Just above it: Godrej Agrovet and Venkys (India). Just below it: SKM Egg Products Export (India) and KSE.

FMCG - Animal/Polutry companies close in size

1. Godrej Agrovet Ltd ₹11,437 crore
2. Venkys (India) Ltd ₹2,119 crore
3. HMA Agro Industries Ltd ₹1,245 crore
4. SKM Egg Products Export (India) Ltd ₹1,018 crore
5. KSE Ltd ₹561 crore

All 5 FMCG - Animal/Polutry companies, largest first

Companies close in size in other industries

1473. Onix Solar Energy Ltd ₹1,250 crore · Trading
1474. GHCL Textiles Ltd ₹1,248 crore · Textiles - General
1475. HMA Agro Industries Ltd ₹1,245 crore
1476. Expleo Solutions Ltd ₹1,244 crore · IT - Software
1477. IKIO Technologies Ltd ₹1,244 crore · Capital Goods - Electric General

Sector Alpha, written by code from the published numbers. Data as of 4 November 2026.

Every chart on this page is drawn by code from the published figures, with no forecasts and no price opinions.

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