Penny stock under Rs 50: Company to consider and approve the proposal for availing Export Packing Credit (EPC) facilities
The company has a market cap of Rs 1,685 crore and the stock is up by 24.5 per cent from its 52-week low of Rs 27.54 per share.
A Board of Directors meeting for HMA Agro Industries Limited is scheduled for Thursday, May 29, 2025, at 12:00 Noon, conducted via video conferencing, to address several key financial and operational matters. The agenda includes considering and approving a proposal to secure an additional Rs. 100 Crores in Export Packing Credit (EPC) facilities from Punjab National Bank. The Board will also review, approve, and take on record the Audited Standalone and Consolidated Financial Results for the quarter and year ended March 31, 2025, along with the corresponding Audit Report from the Statutory Auditor. Furthermore, the meeting will cover the proposed re-appointment of S.N. Gupta & Co. as Internal Auditor for FY2025-26 and the appointment of R.C. Sharma & Associates as Secretarial Auditor for a five-year term (FY2025-26 to FY2029-30), subject to shareholder approval at the upcoming Annual General Meeting, in addition to any other incidental matters the board may decide.
Earlier, the company had increased its stake in its subsidiary, HMA Natural Foods Private Limited, to 95.66% by converting a Rs 3.037 crore loan into equity. This move, a related party transaction completed on May 15, 2025, strengthens the subsidiary's equity base without new capital infusion, despite its nil turnover in recent years. Separately, HMA Agro Industries received a "CARE A2+" short-term credit rating for FY2025-26 from CARE Ratings, reflecting its strong financial health and ability to manage its Rs 502.88 crore in borrowings.
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HMA Agro Industries Ltd, founded in 2008, is a leading Indian food trade company specialising in handling and exporting a variety of food and agricultural products. They are one of the biggest exporters of frozen buffalo meat in India, accounting for over 10 per cent of the nation's total exports in this category. Its offerings include frozen fresh buffalo meat, prepared and frozen natural products, vegetables, and cereals. The company's brands "Black Gold", "Kamil", and "HMA" are shipped to over 40 countries around the world. HMA Agro Industries has a strong focus on meat processing, operating four integrated plants in Aligarh, Mohali, Agra, and Parbhani, with plans to expand by setting up a fifth facility in Haryana.
The company has a market cap of Rs 1,685 crore and the stock is up by 24.5 per cent from its 52-week low of Rs 27.54 per share. The shares of the company have an ROE of 17 per cent and an ROCE of 14 per cent.
Disclaimer: The article is for informational purposes only and not investment advice.