High ROE & High ROCE stock: This small-cap company reports a 74 per cent jump in net profit; do you own it?

The shares of the company have a ROE of 32.95 per cent and a ROCE of 27.33 per cent.

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.

Recently, the company announced its Quarterly Results ended June 30, 2023. Details below:

According to the quarterly standalone results, the net sales increased by 16.87 per cent to Rs 880.97 crore and net profit increased by 74 per cent to Rs 35.08 crore in Q1FY24 compared to Q4FY23.

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.

The company has a market cap of over Rs 3,000 crore. As of July 2023, the promoters of HMA Agro Industries own the majority stake in the company, with a combined holding of 83.61 per cent. Foreign institutional investors (FIIs) own an 8.05 per cent stake in the company, while domestic institutional investors (DIIs) own a 0.20 per cent stake. The remaining 8.14 per cent stake is owned by the general public.

HMA Agro Industries shares were listed on the stock exchanges on July 4, 2023, as a BSE S&P IPO at a premium of 5 per cent over their issue price of Rs 585 apiece. On Tuesday, shares of the company plunged 0.70 per cent to Rs 599.45 per share.

The stock traded at an intraday high of Rs 610.75 per share, up 1.17 per cent from its previous closing of Rs 603.70 per share. The shares of the company have a ROE of 32.95 per cent and a ROCE of 27.33 per cent.

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