High ROE & High ROCE Penny Stock Under Rs 50 In Green After Entering Into Facilities Agreements with AL Raiyan Export
The shares of the company have an ROE of 32 per cent and an ROCE of 28 per cent.
On Monday, the shares of HMA Agro Industries Ltd gained 1.49 per cent to Rs 45.51 per share from its previous closing of Rs 44.84 per share. The stock’s 52-week high is Rs 84 and its 52-week low of Rs 39.16. The shares of the company saw a spurt in volume by more than 2.33 times on BSE.
HMA Agro Industries Limited has partnered with AL RAIYAN EXPORT to expand its operations in the meat processing industry. This strategic alliance will enable the company to leverage AL RAIYAN EXPORT's significant processing capacity of 232 metric tons per day. The three-year agreement, effective from December 1, 2024, outlines the terms for slaughtering, chilling, processing, freezing, and packing of frozen halal boneless buffalo meat.
The agreement with AL RAIYAN EXPORT is not considered a related party transaction and does not involve any shareholding or special rights. The parties have agreed to a dispute resolution mechanism involving negotiation and, if necessary, arbitration in New Delhi. The exclusive jurisdiction for any legal matters arising from the agreement lies with the competent courts in New Delhi.
About the Company
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.
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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
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.
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.