High ROE & ROCE stock: Don’t miss action in this small-cap FMCG stock that is likely to announce stock split after Rs 3/share dividend!

The shares of the company saw a spurt in volume by more than 1.08 times on BSE.

HMA Agro Industries Ltd informed that a meeting of the Board of Directors of the company is scheduled to be held on Wednesday, November 08, 2023, at 03:00 P.M., inter alia to consider and approve the following proposals.

1. To consider and approve the unaudited financial results (standalone and consolidated) of the company for the quarter/half year ended on September 30, 2023.

2. To consider and approve the proposal to sub-divide/ stock split the equity shares of the company in such manner as may be determined by the Board of Directors and subject to the approval of the shareholders and such authorities as may be required

3. Any other matter as may be prescribed by the Board of Directors.

HMA Agro Industries Limited is a food trade organization for handling food and agro products, including frozen fresh buffalo meat, prepared/frozen natural products, vegetables, and cereals in India. Earlier, the company ex-traded final dividend of Rs 3 per share having a face value of Rs 10 each on September 15, 2023.

According to the annual results, the net sales increased by 7 per cent to Rs 3,125.55 crore and the net profit increased by 24.46 per cent to Rs 137.32 crore in FY23 compared to FY22.

HMA Agro Industries Ltd has a market cap of over Rs 3,300 crore. The shares of the company have an ROE of 28.4 per cent and an ROCE of 24 per cent.

On Thursday, shares of HMA Agro Industries Ltd surged 8.64 per cent to Rs 741 per share from its previous closing of Rs 682.05. The stock’s 52-week high is Rs 839.95 and its 52-week low is Rs 564.80. The shares of the company saw a spurt in volume by more than 1.08 times on BSE.

The stock was listed on exchanges (BSE Scrip Code: 543929; NSE Scrip Code: HMAAGRO) on July 07, 2023, at Rs 587.65 per share and to date the stock gave 26.10 per cent to its investors.

Investors should keep an eye on this Small-Cap penny stock.

Disclaimer: The article is for informational purposes only and not investment advice.