High ROE & high ROCE penny stock under Rs 75: This micro-cap company signs MoU with Maharashtra Food Processing & Cold Storage – know more here!
The shares of the company have an ROE of 28.4 per cent and an ROCE of 24 per cent.
HMA Agro Industries Ltd informed that the company has entered into a Memorandum of Understanding (MoU) with Maharashtra Food Processing & Cold Storage (hereinafter referred to as MFC) a partnership firm for providing facilities & expanding business for slaughtering, chilling, processing, freezing and packing of frozen halal boneless buffalo meat duly packed in food-grade polythene bags.
Today, shares of HMA Agro Industries Ltd plunged 0.84 per cent to Rs 70.83 per share from its previous closing of Rs 71.43. The stock’s 52-week high is Rs 84 and its 52-week low is Rs 56.84.
On September 15, 2023, the stock underwent an ex-trading of dividends, where each share, with a face value of Rs 10, yielded Rs 3 per share. Following this, on December 12, 2023, the company executed a stock split, reducing the face value of its equity shares from Rs 10 to Rs 1. These strategic moves aimed to enhance accessibility for investors by increasing the number of available shares without altering the company's overall value, positioning it for potential growth in the market.
HMA Agro Industries Limited is a food trade organisation for handling food and agro products, including frozen fresh buffalo meat, prepared/frozen natural products, vegetables, and cereals in India.
According to the standalone Quarterly Results, the net sales increased by 61 per cent to Rs 1,180 crore and the net profit increased by 15 per cent to Rs 38 crore in Q2FY24 compared to Q2FY23. 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 Rs 3,500 crore. The shares of the company have an ROE of 28.4 per cent and an ROCE of 24 per cent. The stock is up by 30 per cent from its 52-week low of Rs 56.48 per share. Investors should keep an eye on this Small-Cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.
DSIJ’s 'Tiny Treasure' service recommends researched small-cap stocks with Inherent Growth Potential. If this interests you, do download the service details here.