High ROE & ROCE stock: Don’t miss action in this small-cap stock as it announces stock split after Rs 3/share dividend!
The shares of the company have an ROE of 28.4 per cent and an ROCE of 24 per cent.
HMA Agro Industries Ltd informed that a meeting of the Board of Directors of the company considered the proposal for stock split / sub-division of 1 equity share of the company having face value of Rs 10 each into 10 equity shares having face value of Rs 1 each, subject to regulatory/statutory approvals as may be required and the approval of the shareholders of the company. The record date for the sub-division of equity shares shall be decided by the Board and will be intimated to the exchanges.
HMA Agro Industries Limited is a food trade organization for handling food and agro products, including frozen fresh buffalo meat, prepared/frozen natural products, vegetables, and cereals in India. Earlier, the company ex-traded final dividend of Rs 3 per share having a face value of Rs 10 each on September 15, 2023.
According to the Quarterly Results, the net sales increased by 17.6 per cent to Rs 971.24 crore while the net profit decreased by 12.1 per cent to Rs 44.31 crore in Q1FY24 compared to Q1FY23. According to the annual results, the net sales increased by 7 per cent to Rs 3,125.55 crore and the net profit increased by 24.46 per cent to Rs 137.32 crore in FY23 compared to FY22.
HMA Agro Industries Ltd has a market cap of over Rs 3,300 crore. The shares of the company have an ROE of 28.4 per cent and an ROCE of 24 per cent.
On Thursday, shares of HMA Agro Industries Ltd plunged 2.77 per cent to Rs 675 per share from its previous closing of Rs 694.20. In the pre-opening session, the stock traded at intraday high of Rs 684 per share and intraday low is 670. The stock’s 52-week high is Rs 839.95 and its 52-week low is Rs 564.80.
The stock was listed on exchanges (BSE Scrip Code: 543929; NSE Scrip Code: HMAAGRO) on July 07, 2023, at Rs 587.65 per share and to date the stock gave 16.4 per cent to its investors.
Disclaimer: The article is for informational purposes only and not investment advice.
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