- Total income
- ₹5,644 Cr
- Profit
- ₹87 Cr

About Hma Agro Industries Limited
Data last updated:
Hma Agro Industries Limited is a public limited company based in Agra, Uttar Pradesh, India. It operates in the meat and fish processing and distribution segment of the food and beverages sector. It was incorporated on 09 April 2008 and has been in existence for over 18 years.
Hma Agro Industries is ranked #420 on the Fortune India 500 (2025).
The company is registered with the Registrar of Companies (ROC), Uttar Pradesh, under CIN L74110UP2008PLC034977. Its GSTIN is 09AACCH0450J1ZQ (Uttar Pradesh). The company holds 10 GST registrations, of which 7 are active. It is a listed company as per MCA records. Its shares are listed on BSE: 543929 and NSE: HMAAGRO.
The company has an authorised share capital of ₹70 Cr and a paid-up capital of ₹50.08 Cr. It was formerly known as Hma Agro Industries Private Limited. It is led by directors including Gulzar Ahmad (Managing Director) and Viswambharan Parameswaran (Whole-Time Director).
Its last annual general meeting (AGM) was held on 18 September 2026, and its latest financial statements are for the year ended 31 March 2026. The registered office is at 18A/5/3 Tajview Crossing Fatehabad Road, Agra, Uttar Pradesh, India – 282001.
As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹6,916.5 Cr, a growth of 34.7% compared to the previous year. For the same year it recorded a net profit of ₹164.75 Cr (net margin 2.4%) and EBITDA of ₹159.04 Cr (EBITDA margin 2.3%). The net worth stands at ₹940.78 Cr (up 19.3% YoY). Total assets are valued at ₹1,816.06 Cr (up 34.6% YoY).
The company has about 104 employees on its provident fund (EPFO) records. Its group structure includes 7 subsidiaries.
The company is associated with 1 brand: HMA Group. As per MCA filings, the company has open charges of ₹1,284.45 Cr and satisfied charges of ₹297 Cr on record. Court records list 49 cases involving the company, including 13 filed by the company and 36 filed against it; 25 cases are pending. The company has 9 deals on record (3 funding rounds, 3 market trades, 2 secondary share transfers), with disclosed funding of ₹7.1 Cr; the latest was in April 2026.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website hmagroup.co.
Company details
CIN history
Hma Agro Industries has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L74110UP2008PLC034977, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L74110UP2008PLC034977 | Current |
| U74110UP2008PLC034977 | Previous |
| U01403UP2008PLC034977 | Previous |
Recognitions & Rankings of Hma Agro Industries
Contact details
Hma Agro Industries Limited's registered office is in Agra, Uttar Pradesh. Its website is hmagroup.co. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address18A/5/3 Tajview Crossing Fatehabad Road, Agra, Uttar Pradesh, India – 282001
- IndustryFood and Beverages, Meat & Fish Processing & Distribution
To see the full contact details of Hma Agro Industries Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Brands
Hma Agro Industries operates one associated brand: HMA Group. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Company retails multiple varieties of food | hmagroup.co |
Business activity
The main business activity of Hma Agro Industries is manufacturing. In detail, this covers manufacture of food products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | 10 | Manufacture of food products |
To see the full business activity and turnover split of Hma Agro Industries Limited, buy the company report.
Financials of Hma Agro Industries Limited
FY 2025-26 filings availableHma Agro Industries Limited reported revenue of ₹6,916.5 Cr (up 34.7% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · ConsolidatedRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 6,916 | 5,133 | 4,813 | 3,209 | 3,083 | 1,708 | 2,375 |
| Revenue growth | +34.8% | +6.6% | +50.0% | +4.1% | +80.6% | -28.1% | - |
| EBITDA | 159 | 106 | 137 | 158 | 124 | 99.50 | 46.98 |
| EBITDA margin | +2.3% | +2.1% | +2.8% | +4.9% | +4.0% | +5.8% | +2.0% |
| Profit before tax | 218 | 126 | 133 | 174 | 159 | 97.66 | 62.19 |
| Net profit | 165 | 86.44 | 96.85 | 120 | 115 | 72.23 | 45.88 |
| Net profit margin | +2.4% | +1.7% | +2.0% | +3.8% | +3.7% | +4.2% | +1.9% |
| EPS (₹) | 3.29 | 1.73 | 2.01 | 25.34 | 24.15 | 193.80 | 123.17 |
| Balance sheet | |||||||
| Total assets | 1,816 | 1,349 | 1,233 | 842 | 723 | 443 | 358 |
| Net worth | 941 | 789 | 717 | 474 | 374 | 260 | 187 |
| Total debt | 850 | 535 | 492 | 343 | 330 | 181 | 169 |
| Cash & bank | 246 | 94.29 | 115 | 73.87 | 44.02 | 51.69 | 38.51 |
| Net working capital | 1,225 | 760 | 765 | 426 | 406 | 261 | 238 |
| Cash flow | |||||||
| Cash from operations | (84.55) | 124 | (166) | 136 | (31.96) | 74.92 | 24.22 |
| Cash from investing | (141) | (150) | (56.33) | (83.14) | (144) | (70.13) | (29.54) |
| Cash from financing | 267 | 4.68 | 268 | (2.56) | 142 | 8.38 | 37.15 |
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 2,779 | 2,110 | 1,579 | 2,059 | 2,155 | 1,123 | 1,500 | 1,455 |
| Revenue growth (YoY) | +29.0% | +88.0% | +5.3% | +41.5% | +47.0% | +57.5% | - | - |
| Other income | 34.55 | 71.77 | 36.82 | 40.68 | 36.11 | 11.32 | 33.34 | 26.31 |
| EBITDA | 119 | 9.28 | (6.18) | 64.45 | 95.47 | 5.30 | 4.68 | 31.67 |
| EBITDA margin | +4.3% | +0.4% | -0.4% | +3.1% | +4.4% | +0.5% | +0.3% | +2.2% |
| Depreciation | 7.00 | 6.79 | 8.01 | 8.01 | 8.13 | 7.48 | 8.83 | 8.89 |
| Interest | 14.06 | 11.75 | 11.17 | 9.28 | 6.42 | 7.72 | 8.35 | 7.82 |
| Profit before tax | 132 | 62.51 | 11.46 | 87.84 | 117 | 1.42 | 20.84 | 41.27 |
| Tax | 27.91 | 12.00 | 3.24 | 21.27 | 27.22 | 0.82 | 8.48 | 20.08 |
| Net profit | 105 | 50.51 | 8.22 | 66.57 | 89.81 | 0.60 | 12.36 | 21.19 |
| EPS (₹) | 2.08 | 1.01 | 0.16 | 1.32 | 1.79 | 0.02 | 0.26 | 0.41 |
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 6,769 | 4,862 | 4,665 | 3,126 | 2,922 | 1,707 | 2,375 |
| Revenue growth | +39.2% | +4.2% | +49.3% | +7.0% | +71.1% | -28.1% | - |
| EBITDA | 87.48 | 41.42 | 126 | 154 | 109 | 96.49 | 60.40 |
| EBITDA margin | +1.3% | +0.9% | +2.7% | +4.9% | +3.7% | +5.7% | +2.5% |
| Profit before tax | 172 | 90.81 | 147 | 184 | 149 | 98.42 | 60.20 |
| Net profit | 127 | 59.82 | 111 | 137 | 110 | 72.42 | 44.50 |
| Net profit margin | +1.9% | +1.2% | +2.4% | +4.4% | +3.8% | +4.2% | +1.9% |
| EPS (₹) | 2.54 | 1.20 | 2.21 | 28.90 | 23.24 | 194.40 | 120.27 |
| Balance sheet | |||||||
| Total assets | 1,731 | 1,289 | 1,124 | 773 | 634 | 427 | 359 |
| Net worth | 895 | 782 | 737 | 484 | 368 | 257 | 185 |
| Total debt | 834 | 504 | 385 | 286 | 265 | 169 | 174 |
| Cash & bank | 233 | 86.49 | 108 | 66.96 | 39.02 | 50.87 | 38.00 |
| Net working capital | 1,245 | 814 | 782 | 471 | 448 | 314 | 249 |
| Cash flow | |||||||
| Cash from operations | (140) | 19.16 | (142) | 134 | (48.18) | 41.95 | 44.00 |
| Cash from investing | (105) | (124) | (36.46) | (86.63) | (76.39) | (32.84) | (29.40) |
| Cash from financing | 282 | 83.50 | 221 | 0.89 | 90.21 | 3.71 | 17.40 |
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 2,733 | 2,072 | 1,538 | 1,993 | 2,149 | 1,088 | 1,437 | 1,365 |
| Revenue growth (YoY) | +27.2% | +90.4% | +7.1% | +46.0% | +57.3% | +56.9% | - | - |
| Other income | 38.73 | 71.38 | 36.39 | 40.33 | 35.78 | 10.98 | 32.95 | 25.63 |
| Total expenses | 2,648 | 2,088 | 1,536 | 1,951 | 2,113 | 1,082 | 1,456 | 1,337 |
| EBITDA | 84.61 | (16.09) | 2.00 | 42.01 | 36.54 | 6.92 | (18.97) | 27.56 |
| EBITDA margin | +3.1% | -0.8% | +0.1% | +2.1% | +1.7% | +0.6% | -1.3% | +2.0% |
| Depreciation | 1.11 | 1.07 | 1.36 | 1.30 | 1.47 | 1.21 | 1.28 | 1.38 |
| Interest | 13.83 | 11.48 | 11.12 | 9.14 | 6.40 | 7.12 | 7.85 | 7.27 |
| Profit before tax | 108 | 42.74 | 25.91 | 71.90 | 64.45 | 9.57 | 4.85 | 44.54 |
| Tax | 27.33 | 10.83 | 6.70 | 19.42 | 16.22 | 2.40 | 6.33 | 10.47 |
Financial Statements
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 2,779 | 2,110 | 1,579 | 2,059 | 2,155 | 1,123 | 1,500 | 1,455 |
| Revenue growth (YoY) | +29.0% | +88.0% | +5.3% | +41.5% | +47.0% | +57.5% | - | - |
| Other income | 34.55 | 71.77 | 36.82 | 40.68 | 36.11 | 11.32 | 33.34 | 26.31 |
| EBITDA | 119 | 9.28 | (6.18) | 64.45 | 95.47 | 5.30 | 4.68 | 31.67 |
| EBITDA margin | +4.3% | +0.4% | -0.4% | +3.1% | +4.4% | +0.5% | +0.3% | +2.2% |
| Depreciation | 7.00 | 6.79 | 8.01 | 8.01 | 8.13 | 7.48 | 8.83 | 8.89 |
| Interest | 14.06 | 11.75 | 11.17 | 9.28 | 6.42 | 7.72 | 8.35 | 7.82 |
| Profit before tax | 132 | 62.51 | 11.46 | 87.84 | 117 | 1.42 | 20.84 | 41.27 |
| Tax | 27.91 | 12.00 | 3.24 | 21.27 | 27.22 | 0.82 | 8.48 | 20.08 |
| Net profit | 105 | 50.51 | 8.22 | 66.57 | 89.81 | 0.60 | 12.36 | 21.19 |
| EPS (₹) | 2.08 | 1.01 | 0.16 | 1.32 | 1.79 | 0.02 | 0.26 | 0.41 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 6,916 | 5,133 | 4,813 | 3,209 | 3,083 | 1,708 | 2,375 |
| Revenue growth | +34.8% | +6.6% | +50.0% | +4.1% | +80.6% | -28.1% | - |
| Other income | 125 | 81.36 | 48.68 | 46.87 | 55.79 | 12.90 | 43.82 |
| Total expenses | 6,757 | 5,027 | 4,677 | 3,052 | 2,959 | 1,608 | 2,328 |
| Employee cost | 0.00 | 141 | 144 | 96.53 | 106 | 58.60 | 75.96 |
| EBITDA | 159 | 106 | 137 | 158 | 124 | 99.50 | 46.98 |
| EBITDA margin | +2.3% | +2.1% | +2.8% | +4.9% | +4.0% | +5.8% | +2.0% |
| Depreciation | 31.63 | 34.52 | 34.78 | 17.64 | 10.67 | 8.31 | 10.02 |
| Interest | 34.59 | 26.83 | 17.32 | 13.29 | 10.25 | 6.43 | 18.59 |
| Profit before tax | 218 | 126 | 133 | 174 | 159 | 97.66 | 62.19 |
| Tax | 52.56 | 37.91 | 32.57 | 50.08 | 42.13 | 25.43 | 16.32 |
| Net profit | 165 | 86.44 | 96.85 | 120 | 115 | 72.23 | 45.88 |
| Net profit margin | +2.4% | +1.7% | +2.0% | +3.8% | +3.7% | +4.2% | +1.9% |
| EPS (₹) | 3.29 | 1.73 | 2.01 | 25.34 | 24.15 | 193.80 | 123.17 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 50.08 | 50.08 | 50.08 | 47.51 | 47.51 | 3.73 | 3.73 |
| Reserves & surplus | 891 | 739 | 667 | 427 | 327 | 256 | 183 |
| Shareholders' funds (net worth) | 941 | 789 | 717 | 474 | 374 | 260 | 187 |
| Minority interest | 21.68 | 21.11 | 20.26 | 20.23 | 17.19 | 0.49 | 0.49 |
| Secured loans | 847 | 506 | 383 | 286 | 265 | 168 | 157 |
| Unsecured loans | 3.27 | 28.52 | 109 | 57.68 | 64.85 | 13.43 | 11.78 |
| Total debt | 850 | 535 | 492 | 343 | 330 | 181 | 169 |
| Total liabilities | 1,816 | 1,349 | 1,233 | 842 | 723 | 443 | 358 |
| Assets | |||||||
| Gross block | 408 | 394 | 382 | 316 | 178 | 120 | 115 |
| Net block | 261 | 273 | 295 | 261 | 141 | 92.54 | 95.29 |
| Capital work in progress | 61.39 | 46.64 | 35.53 | 57.84 | 91.64 | 13.64 | 1.61 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Inventories | 1,331 | 670 | 240 | 129 | 137 | 127 | 157 |
| Sundry debtors | 23.73 | 151 | 482 | 298 | 290 | 157 | 117 |
| Cash & bank balances | 246 | 94.29 | 115 | 73.87 | 44.02 | 51.69 | 38.51 |
| Loans & advances | 222 | 206 | 134 | 81.75 | 67.70 | 54.64 | 40.98 |
| Total current assets | 1,822 | 1,121 | 972 | 583 | 538 | 390 | 354 |
| Total current liabilities | 597 | 361 | 206 | 157 | 133 | 129 | 115 |
| Net working capital | 1,225 | 760 | 765 | 426 | 406 | 261 | 238 |
| Total assets | 1,816 | 1,349 | 1,233 | 842 | 723 | 443 | 358 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 94.29 | 115 | 68.90 | 18.53 | 51.69 | 38.51 | 6.68 |
| Net cash from operating activities | (84.55) | 124 | (166) | 136 | (31.96) | 74.92 | 24.22 |
| Net cash from investing activities | (141) | (150) | (56.33) | (83.14) | (144) | (70.13) | (29.54) |
| Net cash from financing activities | 267 | 4.68 | 268 | (2.56) | 142 | 8.38 | 37.15 |
| Net change in cash | 41.51 | (20.91) | 46.29 | 50.38 | (33.16) | 13.17 | 31.83 |
| Closing cash | 246 | 94.29 | 115 | 73.87 | 44.02 | 51.69 | 38.51 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +34.8% | +6.6% | +50.0% | +4.1% | +80.6% | -28.1% | - |
| EBITDA growth | +50.6% | -22.7% | -13.3% | +27.4% | +24.4% | +111.8% | - |
| PBT growth | +73.4% | -5.7% | -23.3% | +9.4% | +62.4% | +57.0% | +27.2% |
| Net income growth | +90.6% | -10.8% | -19.5% | +4.9% | +58.9% | +57.4% | - |
| Revenue CAGR (3Y) | +29.2% | +18.5% | +41.3% | +10.6% | +4.0% | - | - |
| EBITDA CAGR (3Y) | +1.0% | -5.2% | +11.1% | +49.7% | +76.4% | - | - |
| Profitability & leverage | |||||||
| Net income margin | +2.4% | +1.7% | +2.1% | +3.9% | +3.8% | +4.2% | +1.9% |
| Return on capital employed | +16.4% | +12.0% | +14.8% | +24.5% | +29.4% | +26.0% | +25.6% |
| Return on net worth | +19.1% | +11.6% | +16.9% | +29.1% | +36.7% | +32.3% | +27.9% |
| Debt / equity | 0.80 | 0.68 | 0.70 | 0.79 | 0.81 | 0.78 | 0.92 |
| Long-term debt / equity | 0.02 | 0.04 | 0.06 | 0.11 | 0.09 | 0.01 | 0.00 |
| Interest cover | 29.01 | 37.75 | 17.02 | 9.50 | 9.06 | 7.05 | 50.30 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 17.24 | 13.22 | 13.78 | 12.97 | 20.67 | 14.55 | 22.77 |
| Inventory turnover | 6.92 | 11.28 | 26.10 | 24.19 | 23.39 | 12.02 | 18.93 |
| Debtors turnover | 78.95 | 16.21 | 12.34 | 10.91 | 13.81 | 12.49 | 11.72 |
| EPS (₹) | 3.30 | 1.75 | 2.01 | 25.34 | 24.15 | 193.80 | 123.17 |
| Dividend per share (₹) | 0.00 | 0.30 | 0.30 | 3.00 | 2.00 | 0.00 | 0.00 |
| Book value per share (₹) | 18.79 | 15.75 | 14.32 | 99.82 | 78.81 | 696.73 | 501.87 |
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 2,733 | 2,072 | 1,538 | 1,993 | 2,149 | 1,088 | 1,437 | 1,365 |
| Revenue growth (YoY) | +27.2% | +90.4% | +7.1% | +46.0% | +57.3% | +56.9% | - | - |
| Other income | 38.73 | 71.38 | 36.39 | 40.33 | 35.78 | 10.98 | 32.95 | 25.63 |
| Total expenses | 2,648 | 2,088 | 1,536 | 1,951 | 2,113 | 1,082 | 1,456 | 1,337 |
| EBITDA | 84.61 | (16.09) | 2.00 | 42.01 | 36.54 | 6.92 | (18.97) | 27.56 |
| EBITDA margin | +3.1% | -0.8% | +0.1% | +2.1% | +1.7% | +0.6% | -1.3% | +2.0% |
| Depreciation | 1.11 | 1.07 | 1.36 | 1.30 | 1.47 | 1.21 | 1.28 | 1.38 |
| Interest | 13.83 | 11.48 | 11.12 | 9.14 | 6.40 | 7.12 | 7.85 | 7.27 |
| Profit before tax | 108 | 42.74 | 25.91 | 71.90 | 64.45 | 9.57 | 4.85 | 44.54 |
| Tax | 27.33 | 10.83 | 6.70 | 19.42 | 16.22 | 2.40 | 6.33 | 10.47 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 6,769 | 4,862 | 4,665 | 3,126 | 2,922 | 1,707 | 2,375 |
| Revenue growth | +39.2% | +4.2% | +49.3% | +7.0% | +71.1% | -28.1% | - |
| Other income | 123 | 78.98 | 41.14 | 46.08 | 55.39 | 12.64 | 43.50 |
| Total expenses | 6,681 | 4,821 | 4,540 | 2,971 | 2,813 | 1,611 | 2,314 |
| Employee cost | 0.00 | 34.31 | 38.67 | 21.88 | 73.00 | 58.43 | 75.70 |
| EBITDA | 87.48 | 41.42 | 126 | 154 | 109 | 96.49 | 60.40 |
| EBITDA margin | +1.3% | +0.9% | +2.7% | +4.9% | +3.7% | +5.7% | +2.5% |
| Depreciation | 5.33 | 5.14 | 6.10 | 4.38 | 4.35 | 4.28 | 23.50 |
| Interest | 33.77 | 24.45 | 14.06 | 12.27 | 10.17 | 6.43 | 20.20 |
| Profit before tax | 172 | 90.81 | 147 | 184 | 149 | 98.42 | 60.20 |
| Tax | 44.74 | 30.65 | 35.84 | 46.38 | 39.06 | 26.00 | 15.70 |
| Net profit | 127 | 59.82 | 111 | 137 | 110 | 72.42 | 44.50 |
| Net profit margin | +1.9% | +1.2% | +2.4% | +4.4% | +3.8% | +4.2% | +1.9% |
| EPS (₹) | 2.54 | 1.20 | 2.21 | 28.90 | 23.24 | 194.40 | 120.27 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 50.08 | 50.08 | 50.08 | 47.51 | 47.51 | 3.73 | 3.70 |
| Reserves & surplus | 845 | 732 | 687 | 437 | 320 | 253 | 181 |
| Shareholders' funds (net worth) | 895 | 782 | 737 | 484 | 368 | 257 | 185 |
| Secured loans | 834 | 503 | 383 | 286 | 265 | 163 | 157 |
| Unsecured loans | 0.00 | 1.19 | 2.12 | 0.00 | 0.00 | 6.09 | 16.70 |
| Total debt | 834 | 504 | 385 | 286 | 265 | 169 | 174 |
| Total liabilities | 1,731 | 1,289 | 1,124 | 773 | 634 | 427 | 359 |
| Assets | |||||||
| Gross block | 67.42 | 62.83 | 62.64 | 52.47 | 47.85 | 46.87 | 66.50 |
| Net block | 39.09 | 34.78 | 39.26 | 35.02 | 34.72 | 37.89 | 49.20 |
| Capital work in progress | 0.00 | 0.00 | 0.00 | 0.42 | 0.42 | 0.42 | 0.10 |
| Investments | 223 | 220 | 72.88 | 72.88 | 72.88 | 51.86 | 34.30 |
| Inventories | 1,280 | 622 | 163 | 113 | 132 | 127 | 156 |
| Sundry debtors | 17.93 | 145 | 474 | 299 | 288 | 169 | 127 |
| Cash & bank balances | 233 | 86.49 | 108 | 66.96 | 39.02 | 50.87 | 38.00 |
| Loans & advances | 297 | 286 | 216 | 122 | 98.82 | 95.11 | 58.20 |
| Total current assets | 1,827 | 1,139 | 961 | 601 | 558 | 442 | 379 |
| Total current liabilities | 582 | 325 | 179 | 130 | 110 | 128 | 130 |
| Net working capital | 1,245 | 814 | 782 | 471 | 448 | 314 | 249 |
| Total assets | 1,731 | 1,289 | 1,124 | 773 | 634 | 427 | 359 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 86.49 | 108 | 65.11 | 16.50 | 50.87 | 38.05 | 6.00 |
| Net cash from operating activities | (140) | 19.16 | (142) | 134 | (48.18) | 41.95 | 44.00 |
| Net cash from investing activities | (105) | (124) | (36.46) | (86.63) | (76.39) | (32.84) | (29.40) |
| Net cash from financing activities | 282 | 83.50 | 221 | 0.89 | 90.21 | 3.71 | 17.40 |
| Net change in cash | 36.69 | (21.48) | 42.86 | 48.62 | (34.37) | 12.82 | 32.00 |
| Closing cash | 233 | 86.49 | 108 | 66.96 | 39.02 | 50.87 | 38.00 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +39.2% | +4.2% | +49.3% | +7.0% | +71.1% | -28.1% | - |
| EBITDA growth | +111.2% | -67.0% | -18.6% | +42.1% | +12.5% | +59.8% | - |
| PBT growth | +89.2% | -38.0% | -20.2% | +22.9% | +51.8% | +63.5% | +25.2% |
| Net income growth | +112.5% | -46.0% | -19.4% | +24.4% | +52.4% | +62.7% | - |
| Revenue CAGR (3Y) | +29.4% | +18.5% | +39.8% | +9.6% | +2.1% | - | - |
| EBITDA CAGR (3Y) | -16.2% | -27.4% | +9.2% | +36.7% | +68.2% | - | - |
| Profitability & leverage | |||||||
| Net income margin | +1.9% | +1.2% | +2.4% | +4.4% | +3.8% | +4.2% | +1.9% |
| Return on capital employed | +13.8% | +9.6% | +16.9% | +27.9% | +30.1% | +26.7% | +25.5% |
| Return on net worth | +15.2% | +7.9% | +18.1% | +32.2% | +35.3% | +32.8% | +27.3% |
| Debt / equity | 0.80 | 0.59 | 0.55 | 0.65 | 0.69 | 0.78 | 0.94 |
| Long-term debt / equity | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest cover | 43.43 | 67.46 | 11.77 | 8.19 | 9.76 | 6.97 | 54.74 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 103.94 | 77.50 | 81.05 | 62.31 | 61.70 | 30.12 | 40.08 |
| Inventory turnover | 7.12 | 12.39 | 33.82 | 25.56 | 22.59 | 12.09 | 19.07 |
| Debtors turnover | 83.33 | 15.73 | 12.07 | 10.64 | 12.79 | 11.53 | 11.04 |
| EPS (₹) | 2.54 | 1.20 | 2.21 | 28.90 | 23.24 | 194.40 | 120.27 |
| Dividend per share (₹) | 0.00 | 0.30 | 0.30 | 3.00 | 2.00 | 0.00 | 0.00 |
| Book value per share (₹) | 17.88 | 15.62 | 14.72 | 101.96 | 77.39 | 690.23 | 500.27 |
To see the full year-wise statements and ratios of Hma Agro Industries Limited, buy the company report.
Board of directors of Hma Agro Industries Limited
Hma Agro Industries has 6 current directors and 15 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Gulzar Ahmad Also directs: Hma Cattle Farming Private Limited | Managing Director | 09 Apr 2008 | 18 Years 6 Months | Current |
| Gaurav Rajendra Luthra | Director | 03 Jun 2021 | 5 Years 5 Months | Current |
| Bhawna Jain | Director | 29 May 2025 | 1 Years 5 Months | Current |
| Abhishek Sharma Also directs: O. P. Chains Limited, United Farm Product Private Limited | Director | 24 Oct 2023 | 3 Years 0 Months | Current |
| Viswambharan Parameswaran Also directs: United Farm Product Private Limited, Laal Agro Food Private Limited, Federal Agro Industries Private Limited and 1 more | Whole-Time Director | 25 Apr 2026 | 0 Years 6 Months | Current |
| Bhabani Sankar Acharya | Whole-Time Director | 25 Apr 2026 | 0 Years 6 Months | Current |
Auditor
Hma Agro Industries Limited is audited by MAPSS AND COMPANY for the financial year 2025.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| MAPSS AND COMPANY | FY 2025 | 012796C |
Shareholding
Shareholding for the quarter ended Sep 2026: promoters hold 75.00%, foreign institutional investors hold 4.80%, domestic institutional investors hold 3.50% and retail and other public shareholders hold 16.70%.
| Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | |
|---|---|---|---|---|
| Promoters | 75.00% | 81.60% | 81.60% | 81.60% |
| Public | 25.00% | 18.40% | 18.40% | 18.40% |
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 17 Nov 2025 | 101206300 | Canara Bank | ₹185 Cr | Open | |
| 10 Sep 2025 | 101159204 | State Bank of India | ₹45 Lakh | Open | |
| 27 Dec 2024 | 101035470 | Hdfc Bank Limited | ₹200 Cr | Open | |
| 15 Dec 2023 | 100860509 | State Bank of India | ₹549 Cr | Open | |
| 12 Jan 2021 | 100412415 | Yes Bank Limited | ₹350 Cr | Open |
To see the full charge records of Hma Agro Industries Limited, buy the company report.
Total charge records: 9 View all charges
Deals & funding
Hma Agro Industries Limited has 9 deals on record (3 funding rounds, 3 market trades, 2 secondary share transfers), with disclosed funding of ₹7.1 Cr; the latest was in April 2026.
Deals on record (5 of 9)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Apr 2026 | Market trade | ₹5.88 Cr | Buyer: an individual |
| Feb 2024 | Market trade | ₹50.75 Cr | Seller: Radiant Global Fund |
| Jul 2023 | Market trade | ₹51.33 Cr | Buyer: NK Securities Research Private Limited Seller: Nomura Singapore Limited, NK Securities Research Private Limited |
| Jun 2023 | IPO | ₹480 Cr | Investors: IPO Shareholders - HMA Agro Industries Limited, Craft Emerging Market Fund PCC - Citadel Capital Fund, Craft Emerging Market Fund Pcc - Elite Capital Fund Seller: 4 individuals |
| Apr 2018 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: 2 individuals |
To see the full deal history of Hma Agro Industries Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Hma Agro Industries Limited has 49 court cases on record: 13 filed by Hma Agro Industries, 36 filed against it. 25 cases are pending and 24 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 27 | 27 | 17 |
| High courts | 19 | 6 | 6 |
| Supreme Court | 3 | 3 | 2 |
Cases on record (5 of 49)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, UTTARPRADESH | Writ petition | Filed by the company against Dakshinanchal Vidyut Vitran Nigam Ltd. and 3 Ors. | Disposed |
| District court, Ghaziabad, Uttar Pradesh | Criminal case | Filed against the company by State Government | Pending |
| Allahabad High Court | Court case (IAPL) | Filed against the company by The PR Commissioner of Income Tax (Central) and Another | Pending |
| Allahabad High Court | Court case (IAPL) | Filed against the company by The PR. Commissioner of Income Tax (Central) and Another | Pending |
| District court, Agra, Uttar Pradesh | Criminal miscellaneous application | Filed against the company by Up State | Pending |
To see the full case history of Hma Agro Industries Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
Credit ratings & regulatory alerts
Hma Agro Industries Limited was last rated by Crisil on 23 Oct 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 23 Oct 2020 |
To see the full credit ratings and regulatory alerts of Hma Agro Industries Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Hma Agro Industries Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Hma Agro Industries has 7 subsidiary companies. This group structure data is as of FY 2021. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| United Farm Product Private Limited | U01100UP2018PTC104444 | |
| Laal Agro Food Private Limited | U01100UP2020PTC125907 | |
| Hma Food Export Private Limited | U01403UP2009PTC038747 | |
| Hma Natural Foods Private Limited | U01403UP2011PTC047316 | |
| JFF Exports Private Limited | U15400UP2020PTC131541 | |
| Swastik Bone and Gelatines Private Limited | U51396UP1988PTC009250 |
To see the full group structure of Hma Agro Industries Limited, buy the company report.
Employees & EPFO
Hma Agro Industries Limited has a workforce of 104 employees on its EPFO records as of Mar 27, 2024, across 1 active EPFO establishment.
GST
Hma Agro Industries has 10 GST registrations: 7 active and 3 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 09AACCH0450J1ZQ | Uttar Pradesh | Active | 01 Jul 2017 |
| 09AACCH0450J2ZP | Uttar Pradesh | Active | 01 Feb 2024 |
| 03AACCH0450J1Z2 | Punjab | Active | 01 Jul 2017 |
| 06AACCH0450J1ZW | Haryana | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Hma Agro Industries Limited, buy the company report.
Recent activity
Hma Agro Industries Limited has 33 board changes on record since 2008: 21 appointments and 12 cessations. The latest: Bhabani Sankar Acharya was appointed as Whole-Time Director on 25 Apr 2026.
43 earlier events are in the company report.
News
Frequently asked questions
Hma Agro Industries is an active public limited company based in Agra, Uttar Pradesh, India. The company works in meat and fish processing and distribution, within the food and beverages industry. It was incorporated on 09 April 2008 (18+ years old) and is registered under CIN L74110UP2008PLC034977. Listed on BSE: 543929 and NSE: HMAAGRO.
Hma Agro Industries reported revenue of ₹6,916.5 Cr for FY 2025-26 (up 34.7% YoY) based on consolidated financials.
Hma Agro Industries has 6 current directors:
- Gulzar Ahmad - Managing Director
- Viswambharan Parameswaran - Whole-Time Director
- Bhabani Sankar Acharya - Whole-Time Director
- Gaurav Rajendra Luthra - Director
- Bhawna Jain - Director
- Abhishek Sharma - Director
The latest financial statements of Hma Agro Industries on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 18 September 2026. Year-wise statements from 2015 are in the company report.
The GSTIN of Hma Agro Industries is 09AACCH0450J1ZQ, registered in Uttar Pradesh. The company has 10 GST registrations in all, of which 7 are active and 3 are cancelled or inactive. Other active GSTINs include 09AACCH0450J2ZP (Uttar Pradesh), 03AACCH0450J1Z2 (Punjab), 06AACCH0450J1ZW (Haryana).
The CIN (Corporate Identification Number) of Hma Agro Industries is L74110UP2008PLC034977. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Hma Agro Industries is a listed company as per MCA records. Its shares are listed on both BSE (code: 543929) and NSE (symbol: HMAAGRO).
Hma Agro Industries has 49 court cases on record: 13 filed by the company and 36 filed against it. 25 are pending. Most are in the district courts.
Hma Agro Industries was incorporated on 09 April 2008, making it 18+ years old. It is registered with the Registrar of Companies, Uttar Pradesh.
Hma Agro Industries has 9 deals on record (3 funding rounds, 3 market trades, 2 secondary share transfers), with disclosed funding of ₹7.1 Cr; the latest was in April 2026.

