High ROE & High ROCE Penny Stock Under Rs 50 Hit Upper Circuit After Company Reports Stellar Results; PAT Jumps 7,229.36 Per Cent QoQ
The shares of the company have an ROE of 32 per cent and an ROCE of 28 per cent.
On Tuesday at 09:25 am, one of the Top Gainers on BSE, the shares of HMA Agro Industries Ltd hit a 10 per cent upper circuit to Rs 45.26 per share from its previous closing of Rs 41.15 per share. The stock’s 52-week high is Rs 84 and its 52-week low of Rs 39.16.
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.
Quarterly Results: The net sales increased by 105.70 per cent QoQ & 22.14 per cent YoY to Rs 1,465.86 crore and net profit increased by 7,229.36 per cent QoQ & 848.04 per cent YoY to Rs 53.42 crore in Q2FY25 compared to Q1FY25 & Q2FY24
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Half-Yearly Results: The net sales increased by 0.32 per cent to Rs 2,178.48 crore and net profit increased by 8.44 per cent to Rs 54.16 crore in H1FY25 compared to H1FY24.
Earlier, HMA Agro Industries Ltd. has formed a strategic partnership with Perbadanan Kemajuan Pertanian Selangor (PKPS) to enhance the supply chain of frozen boneless buffalo meat and explore joint research initiatives. This collaboration, signed in the presence of the Selangor Chief Minister, marks a significant step for HMA Agro in expanding its international footprint, particularly in the ASEAN region. By combining their expertise, HMA and PKPS aim to improve the quality and efficiency of meat processing and supply chains, benefiting both parties and promoting agricultural trade between India and Malaysia. This strategic alliance will enable HMA to increase its distribution reach in Malaysia, a key market in the region, while also strengthening economic ties between the two countries.
The company has a market cap of Rs 2,266 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.