Penny stock under Rs 50 surges after the Company enters a strategic JV in Malaysia, New export approvals & Targets USD 1 Billion Revenue by 2027
The company has a market cap of over Rs 1,800 crore and the stock is up by 33.6 per cent from its 52-week low of Rs 27.54 per share.
On Friday, the shares of HMA Agro Industries Ltd surged 2.05 per cent to Rs 36.79 per share from its previous closing of Rs 36.06 per share. The stock’s 52-week high is Rs 59.44 per share and its 52-week low of Rs 27.54 per share.
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.
Quarterly Results: The net sales increased by 8 per cent to Rs 1,499.56 crore and net profit increased by 702 per cent to Rs 12.35 crore in Q4FY25 compared to Q4FY24.
Annual Results: The net sales increased by 7 per cent to Rs 5,133.02 crore in Q4FY25 compared to Q4FY24. The company reported a net profit of Rs 87.69 crore in FY25 compared to a net profit of Rs 100.58 crore in FY24, a decrease of 13 per cent.
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HMA has significantly strengthened its global market position through a strategic agreement and joint venture with PKPS, a major Malaysian government company. This Memorandum of Understanding, signed in the presence of the Chief Minister of Selangor State, positions HMA to strategically plan for Malaysia's protein demand, enhancing both business growth and corporate reputation among current and future clients. This partnership is particularly impactful as Malaysia is a top global buyer of HMA's final products. In further expansion, HMA has also secured approval to supply its products to the Philippines, marking a new country addition that will bolster sales and global market presence, bringing HMA's total export reach to nearly 50 countries worldwide. These strategic moves are set to propel HMA toward its ambitious revenue target of $1 billion.
Additionally, the Board of Directors has considered and approved the proposal to avail Export Packing Credit (EPC) facilities from Punjab National Bank (PNB) as a new lender, with an additional credit exposure of Rs. 100 Crores, subject to necessary approvals and documentation.
The company has a market cap of over Rs 1,800 crore and the stock is up by 33.6 per cent from its 52-week low of Rs 27.54 per share. The shares of the company have an ROE of 16 per cent and an ROCE of 14 per cent.
Disclaimer: The article is for informational purposes only and not investment advice.