HMA Agro Industries Limited is primarily engaged in the business of processing and exports of frozen buffalo meat and meat products. Incorporated on April 09, 2008, as an unlisted public company based in Agra, India, it serves as the flagship company of the HMA Group and holds recognition as a Star Export House by the Government of India.
The company stands as one of the largest manufacturers and exporters of Frozen Boneless Buffalo meat, Seafood, Pet Food, Rice, and processed leather from India, boasting an export volume worth approximately USD 0.5 billion. It offers products under various brands, including Black Gold, Kamil, and HMA.
HMA Agro Industries operates through a comprehensive network of processing facilities across India. The company owns 5 fully integrated packaged meat processing plants located at Aligarh, Mohali, Agra, Haryana, and Parbhani. Additionally, it possesses two secondary level meat processing units in Jaipur and Manesar.
Buffalo meat, unlike beef or pork, is free from religious constraints and offers the advantages of low fat and cholesterol. The meat produced for export is primarily deboned and deglanded frozen halal buffalo meat. Beyond its core buffalo meat business, the company has diversified its product portfolio to include Frozen Fish Products, Basmati Rice, as well as poultry and other agri products.
Its Basmati rice portfolio includes a wide range of varieties such as 1121 Golden Basmati Rice, 1121 Steam Basmati Rice, 1121 White Sella Basmati Rice, 1509 White Sella Basmati Rice, 1509 Golden Sella Basmati Rice, 1509 Steam Sella Basmati Rice, and Sharbati Golden Sella Basmati Rice.
HMA Agro Industries has a significant global presence, exporting its products to over 50 countries across five continents. Key export destinations include the United Arab Emirates, Benin, Thailand, Yemen, Egypt, Vietnam, Indonesia, Hong Kong, and Malaysia. The company's products are self-branded, packaged, and distributed internationally.
As of July 2025, HMA Agro Industries Ltd maintains a market capitalization of approximately ₹1,527 to ₹1,531.35 crore.
- Authorized Share Capital: INR 70.00 crore
- Total Paid-up Capital: INR 50.08 crore
- Operating Revenue (FY2024): Over INR 500 crore
- FY2023 Performance: Revenue of ₹3,171.63 crore, Net Worth of ₹484.44 crore
- FY2025 Performance:
- Sales: Rose 6.64% to ₹5,133.02 crore (vs. ₹4,813.29 crore in FY2024)
- Net Profit: Declined 13.77% to ₹86.78 crore (vs. ₹100.64 crore in FY2024)
- Q4 FY2024-25 (March 2025):
- Net Profit: Rose 1336.96% to ₹13.22 crore (vs. ₹0.92 crore in Q4 FY2023-24)
- Sales: Rose 7.87% to ₹1,499.56 crore (vs. ₹1,390.14 crore in Q4 FY2023-24)
- Q2 FY2024-25 (September 2024):
- Net Profit: Rose 443.87% to ₹51.94 crore (vs. ₹9.55 crore in Q2 FY2023-24)
- Sales: Rose 22.14% to ₹1,465.86 crore (vs. ₹1,200.19 crore in Q2 FY2023-24)
The current Board of Directors at HMA Agro Industries Ltd includes:
- Gulzar Ahmad: Chairman & Wholetime Director
- Gulzeb Ahmed: Whole Time Director & CFO (appointed CEO and Key Managerial Personnel in 2024)
- Gaurav Luthra: Independent Director
- Nikhil Sundrani: Company Secretary & Compliance Officer
- Mohammad Mehmood Qureshi: Managing Director (joined in 2024, focusing on day-to-day operations and strategic implementation)
Gulzeb Ahmed, as the youngest member of the HMA Family Group, joined in 2014 and has been instrumental in the company's growth, market expansion, and brand elevation, driving sales and operational excellence.
- 52-Week High Share Price: ₹56.75
- 52-Week Low Share Price: ₹27.54
- Last 12 Months Performance: Share price moved down by 43.21% on BSE.
- Promoter Holding: Increased to 83.62% as of March 2025 (from 83.62% as of June 2024).
- Dividend (FY2024): Declared a dividend of ₹0.3 per share.
- Annual General Meeting (AGM): The last AGM was held on September 28, 2024.
HMA Agro Industries has pursued an aggressive expansion strategy:
- 2010: Commenced production at the Aligarh plant.
- 2012: Began export and production from the Agra Plant.
- Acquisitions:
- 2016: Acquired 100% stake in FNS Agro Foods Limited.
- 2017: Acquired 100% stake in HMA Food Export Private Limited.
- 2018: Acquired 100% stake in United Farm Product Private Limited, under which the Haryana Plant is proposed.
- Product Diversification (November 2021): Diversified its product portfolio by adding marine Frozen Fish Products, Basmati Rice, Poultry, and other agri products as new business verticals, leveraging robust export channels.
- Strategic Partnerships: Entered into facilities agreements with Marya Frozen Agro Food Products for slaughtering, chilling, processing, freezing, and packing of frozen Halal boneless buffalo meat.
HMA Agro Industries Limited is committed to strengthening its position as a leading player in the Indian food processing and export industry through a focus on quality products, global market expansion, and sustainable growth strategies.
