10:1 Stock Split & High ROE & High ROCE Penny Stock Under Rs 60: Company Has Entered into Facilities Agreements with ALM Food Products Ltd & ALM Industries Ltd
The shares of the company have an ROE of 32 per cent and an ROCE of 28 per cent.
Today, the shares of HMA Agro Industries Ltd gained 3 per cent to Rs 53.76 from its previous closing of Rs 52.21. The stock’s 52-week high is Rs 84 and its 52-week low of Rs 48.
HMA Agro Industries Limited (HMA) signed facilities agreements with ALM Food Products Limited (ALM Food) in Punjab and ALM Industries Limited (ALM) in Saharanpur to expand their business in processing frozen halal boneless buffalo meat. ALM Food has a processing capacity of 211.50 MT per day and ALM has a capacity of 84.60 MT per day. The agreements are for three years starting from August 1, 2024, with a one-year lock-in period. ALM Food and ALM will be responsible for obtaining all necessary processing certificates and insuring their manufacturing facilities at their own cost. HMA has no ownership stake in either ALM entity and this agreement is not considered a related party transaction under SEBI Listing Regulations.
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About the Company
HMA Agro Industries Ltd, founded in 2008, is a leading Indian food trade company specializing 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. Their 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.
Earlier, CRISIL Ratings reaffirmed HMA Agro Industries Ltd.'s (HMA) long-term bank facility rating at ‘CRISIL A-/Stable’ despite an increase in the facility amount from Rs 400 crore to Rs 500 crore. This reflects HMA group's strong market position in meat processing, healthy finances with low debt, and expectation of continued growth. Furthermore, the shares of the company ex-traded stock split of equity shares having a face value of Rs 10 to Rs 1 on the ex-date which was December 29, 2023.
The company has a market cap of over Rs 2,600 crore. The shares of the company have an ROE of 32 per cent and an ROCE of 28 per cent. Investors should keep an eye on this Small-Cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.
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