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Low PE, High ROE & ROCE stock: This small-cap company reports a 333 per cent jump in net profit; do you own it?
Kiran Shroff
/ Categories: Trending, Mindshare

Low PE, High ROE & ROCE stock: This small-cap company reports a 333 per cent jump in net profit; do you own it?

The shares of the company have a PE of 25.8x whereas the industry PE is 42.3x with an ROE of 30 per cent and a ROCE of 25 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.

The company announced its consolidated Quarterly Results ended June 30, 2023. Details below:

  • Net sales stood at Rs 980.66 crore, up 16.99 per cent compared to Q4FY23. 
  • EBITDA stood at Rs 73.05 crore, up 96.86 per cent compared to Q4FY23. 
  • Profit before tax stood at Rs 59.03 crore, up 163.94 per cent compared to Q4FY23.  
  • Profit After Tax of Rs 44.31 crore, up 333.19 per cent compared to Q4FY23.  
  • The EPS for Q1FY24 is Rs 9.25.

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 3,200 crore. The shares of the company have a PE of 25.8x whereas the industry PE is 42.3x with an ROE of 30 per cent and a ROCE of 25 per cent.

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On Monday, shares of HMA Agro Industries Ltd surged 2.30 per cent to Rs 638.35 per share from its previous closing of Rs 624. The stock’s 52-week high is Rs 670.45 and its 52-week low is Rs 564.80. The shares of the company saw a spurt in volume by more than 3 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 10.10 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. 

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