Penny Stock Under Rs 50 Jumps 4.9 Per Cent With Heavy Volume On Major Updates; Details Inside
The company has a market cap of Rs 1,675 crore and the stock is up by 23.5 per cent from its 52-week low of Rs 27.54 per share.
On Tuesday, the shares of HMA Agro Industries Ltd jumped 4.90 per cent to Rs 34 per share from its previous closing of Rs 32.41 per share. The stock’s 52-week high is Rs 66.37 per share and its 52-week low of Rs 27.54 per share. The shares of the company saw a spurt in volume by more than 6.32 times on the BSE.
The Board of HMA Agro Industries Limited has approved the conversion of an outstanding loan of approximately Rs 3.03 crore into equity shares of its subsidiary, HMA Natural Foods Private Limited. This conversion, expected to be completed by July 31, 2025, will increase HMA Agro Industries' equity shareholding in the subsidiary from 90.36 per cent to 95.66 per cent. HMA Natural Foods, incorporated on November 8, 2011, operates in the agro-based industry in India but reported nil turnover for the past three financial years. This transaction is a related party transaction as the promoters are common to both companies and pertains to previously extended loans, with no fresh capital infusion. The conversion will be at face value (Rs 10 per share) and complies with applicable regulations.
DSIJ’s 'Tiny Treasure' service recommends researched Small-Cap stocks with Inherent Growth Potential. If this interests you, do download the service details here.
In a separate development, the Board acknowledged the credit rating assigned by CARE Ratings Limited. The short-term rating for the financial year 2025-26 is CARE A2+, which reflects the company's strong liquidity, operational performance, and positive business outlook. HMA Agro Industries reported outstanding borrowings of Rs 502.88 crore and had previously achieved a peak short-term credit rating of "CARE A2+" on March 28, 2025, for bank facilities totalling Rs 850 crore across multiple banks. The company is also aware of potential fines payable to the BSE for any shortfall in required borrowing under the stipulated framework.
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 1,675 crore and the stock is up by 23.5 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. Investors should keep an eye on this small-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.