HMA AGRO INDUSTRIES ORD (BSE) (HMAAGRO) fair value: what the stock is really worth
We calculate from audited financials what HMA AGRO INDUSTRIES ORD (BSE) is really worth. The fair value tells you whether the price is too high or too low, the quality score (0 to 100) how solid the business behind it is. 26 models, 37 quality factors, updated daily, free.
Compare price with fair valuebelow fair value = cheap, above = expensive
Check the quality50 and up solid, 75 and up strong
Watch it or check another stockalert when fair value or trend changes
Consumer Defensive · IN · Market cap ₹11.2B (≈ $118M) · ISIN INE0ECP01024
At a glance
HAHMA AGRO INDUSTRIES ORD (BSE)HMAAGRO · NSE
Price₹20.02
Fair Value₹55.89
Upside+179.2%
Quality43/100
Below-average quality, trading 64% below our fair value of ₹55.89.
As of Sep 6, 2026, the fair value of HMA AGRO INDUSTRIES ORD (BSE) is ₹55.89 per share against a price of ₹20.02, so the fair value sits 179% above the price. A model estimate from reported figures, not an analyst target.
!Expensive Growth (revenue 5y +32.3 %/yr)
!Thin margins · 2.4% net margin
!Low debt · negative free cash flow
✓Ranks above peers (9/13)
!Narrow moat 34/100
!Evidence only low, so the estimate is less certain
!Weak on future: 27 out of 100
!Weak on dividend: 27 out of 100
Evidence: LowRange ₹22.37 to ₹77.27
Fair value as of: Sep 6, 2026
From 17 valuation models · updated 4 days ago
Share price −9.4% over the past month.
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69 individual criteria per stock, every one traceable See the method →
What matters now
The large discount to fair value meets weak quality (43/100). That raises the risk this is a value trap rather than a bargain.
The price is below even our cautious bear case (₹22.37). The market is more pessimistic than our downside scenario.
The model range is unusually wide (₹22.37 to ₹77.27). The outcome hinges heavily on assumptions, so read the point estimate with caution.
The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
Price vs Fair Value (3 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 6, 2026.
How to read this chart
38‑month range ₹20.01 – ₹82.70 · fair‑value band ₹22.37 – ₹77.27 · the ₹20.02 price screens below the ₹55.89 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 6, 2026.
HMA AGRO INDUSTRIES ORD (BSE) (HMAAGRO) currently trades at ₹20.02, while our model-based Fair Value estimate is ₹55.89, implying the stock looks roughly 64.2% undervalued today. The Quality Score stands at 43/100 (below-average quality), in the Consumer Defensive sector. Bull case: the DCF Models group reads highest at a median of ₹119.38 per share, and 14 of the 17 models we run sit above the ₹20.02 price. Bear case: the Asset-Based group reads lowest at ₹12.59, and 3 of the 17 models stay below the price. Evidence for this calculation is low.
Over the trailing twelve months, HMA AGRO INDUSTRIES ORD (BSE) generated revenue of ₹69.2B at a net margin of 2.4%. Revenue grew 5.3% year over year. It earns a return on equity of 18.6%. Net debt stands at ₹6.0B. Fundamentals as of Sep 6, 2026
Scenario range: ₹22.37 (bear) to ₹77.27 (bull), the price of ₹20.02 sits below it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target. The share trades about 42% below its 52-week high, currently below its 200-day average. For context, the median of 10 Consumer Defensive peers we cover trades at −23% fair-value upside, at 179%, HMAAGRO screens cheaper than that median.
Fair Value models
Based on fiscal year 2026 figures (about 5 months old). Earnings retained since then (₹1.47 per share) are deliberately not added.
Each model values the company its own way; the fair value above is the evidence-weighted blend. Evidence (0 to 100) shows how complete a model's inputs are. How we calculate →
ModelBear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target.Evidence
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Key figures & financial health
P/E ratio6.1
P/S ratio0.14P/E × margin
EPS (TTM)₹3.29price ÷ EPS = P/E 6.1
Dividend yield1.3%payout 8.2%
Net margin2.4%FY2026
Return on equity18.6%TTM
More key figures
Profitability
Return on assets (EBIT)9.2%avg 5y
Operating margin−0.9%TTM
Growth
Revenue (TTM)₹69.2BTTM
Revenue growth (YoY)+5.3%3y avg +29.2%
EPS growth (YoY)+222%
Balance sheet & cash flow
Free cash flow−₹1.4BFY2026
Net debt₹6.0BFY2026
Figures from reported company fundamentals · as of Sep 6, 2026. TTM = trailing twelve months.
Quality Score breakdown
Overall quality43/100
Of which business quality 45
· Market factors (momentum, volatility) 31
Profitability57
Margins and returns on capital today
Quality Growth49
Are margins and returns improving?
Cashflow10
Earnings quality: real cash, not paper profit
Fin. Strength56
Balance sheet, leverage, solvency risk
Investment33
Disciplined investing over empire-building
Low Volatility77
Calm price path (market factor)
Momentum18
Price trend over the last 3–12 months (market factor)
52W Momentum0
Distance to the 52-week high (market factor)
Net Issuance67
Buybacks instead of dilution
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.
About the company
HMA Agro Industries Limited manufactures and exports frozen buffalo meat and related products in India, Vietnam, Indonesia, Hong Kong, Malaysia, Egypt, and internationally. The company offers frozen and chilled meat, as well as fish and rice. It also provides fruits and vegetables; animal nutrition products; and pet foods.
Full company description
HMA Agro Industries Limited manufactures and exports frozen buffalo meat and related products in India, Vietnam, Indonesia, Hong Kong, Malaysia, Egypt, and internationally. The company offers frozen and chilled meat, as well as fish and rice. It also provides fruits and vegetables; animal nutrition products; and pet foods. The company offers products under the Black Gold, Green Gold, Fresh Gold, and Kamil brands. HMA Agro Industries Limited was incorporated in 2008 and is based in Agra, India.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2022 – FY2026 · reported fiscal years
HMA AGRO INDUSTRIES ORD (BSE) reported revenue of ₹69.2B in FY2026 versus ₹30.8B in FY2022, a compound +22.4%/yr. Reported net income was ₹1.6B in FY2026, compounding +9.5%/yr from FY2022.
Growth Quality 62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2026)
₹69.2B
Latest YoY
+34.7%
Avg. revenue growth/yr (3Y) ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+29.2%
Avg. revenue growth/yr (5Y) ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+32.3%
Avg. revenue growth/yr (7Y) ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+14.1%
Value creation/yr (5Y, in INR) ⓘEarnings growth per share (CAGR 5 years, EBIT basis) plus dividend yield: value created per share and year. Measured in INR: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
≈ −32.3%
Earnings growth per share plus dividend yield: the value created per share and year.
Earnings growth per share−33.6%
Dividend yield1.3%
Operating margin (EBIT) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.3.1% (2020) → 1.8% (2026) · falling
Worst earnings drop87% (2022) · in INR
⚠ Revenue per share shrinking 30.4%/yr over ~5Y (margins eroding too) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
⚠ Final year 2026 sits 62% above trend (one-off), rate on operating basis
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
This stockSector peers
VALUE100· sector 24
FUTURE27· sector 19
PAST75· sector 29
HEALTH100· sector 97
DIVIDEND27· sector 53
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
None of the checked exposures detected
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Is HMA AGRO INDUSTRIES ORD (BSE) (HMAAGRO) overvalued or undervalued?
As of Sep 6, 2026, our model estimates a fair value of ₹55.89 versus a price of ₹20.02, about +179% upside (undervalued).
What is the fair value of HMAAGRO?
Our model-based fair value for HMA AGRO INDUSTRIES ORD (BSE) is ₹55.89 (as of Sep 6, 2026), built from audited fundamentals. The current price: ₹20.02.
What is the quality score of HMAAGRO?
HMA AGRO INDUSTRIES ORD (BSE) has a Quality Score of 43/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for HMA AGRO INDUSTRIES ORD (BSE) (HMAAGRO)?
Our model-based price target is the fair value of ₹55.89 (as of Sep 6, 2026) from 17 valuation models. Cautious scenario ₹22.37, optimistic scenario ₹77.27. It is a calculation from audited fundamentals, not an analyst target.
What is the HMA AGRO INDUSTRIES ORD (BSE) stock forecast for 2026?
Our models put fair value at ₹55.89, about +179% upside versus a price of ₹20.02 (undervalued). Cautious scenario ₹22.37, optimistic scenario ₹77.27. The calculation is refreshed regularly with new filings.
What is the revenue of HMA AGRO INDUSTRIES ORD (BSE) (HMAAGRO)?
HMA AGRO INDUSTRIES ORD (BSE) reported trailing-twelve-month revenue of about ₹69.2B (latest available figure, as of Sep 6, 2026).
What is the net profit margin of HMAAGRO?
The net profit margin of HMA AGRO INDUSTRIES ORD (BSE) is about 2.4%, meaning it keeps roughly 2.4% of revenue as net income. Based on the latest reported figures.
Does HMA AGRO INDUSTRIES ORD (BSE) pay a dividend?
HMA AGRO INDUSTRIES ORD (BSE) currently shows a dividend yield of about 1.34% relative to its recent price (as of Sep 6, 2026).
What is the intrinsic value of HMA AGRO INDUSTRIES ORD (BSE) (HMAAGRO)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For HMA AGRO INDUSTRIES ORD (BSE) it is ₹55.89 per share (as of Sep 6, 2026), against a price of ₹20.02. It is the blended result of 17 valuation models (cash flow, earnings, asset, dividend).
Is HMA AGRO INDUSTRIES ORD (BSE) stock overvalued or undervalued in 2026?
As of Sep 6, 2026, HMAAGRO trades below its calculated fair value: price ₹20.02, fair value ₹55.89, a gap of about +179% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of HMAAGRO?
No. The price is what the market pays today (₹20.02); the fair value is what the company's own numbers justify (₹55.89). For HMA AGRO INDUSTRIES ORD (BSE) the two are ₹35.87 per share apart. That gap is exactly why we show both numbers side by side.
How much is HMA AGRO INDUSTRIES ORD (BSE) worth?
The market values HMA AGRO INDUSTRIES ORD (BSE) at about ₹11.2B (market capitalisation, as of Sep 6, 2026). Per share that is ₹20.02; our models calculate a fair value of ₹55.89 per share.
What do the bullish and bearish scenarios say about HMAAGRO?
Our models span a range for HMA AGRO INDUSTRIES ORD (BSE): cautious scenario ₹22.37, base ₹55.89, optimistic ₹77.27 per share (as of Sep 6, 2026, price ₹20.02). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of HMAAGRO?
HMA AGRO INDUSTRIES ORD (BSE) trades at a price-to-earnings ratio of 6.1 (as of Sep 6, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ₹55.89 is built from several models across several years. Other multiples: P/B 1.2, P/S 0.2, EV/EBITDA 5.5.
How solid is the balance sheet of HMA AGRO INDUSTRIES ORD (BSE) (HMAAGRO)?
Balance-sheet figures for HMA AGRO INDUSTRIES ORD (BSE) (as of Sep 6, 2026): return on equity 18.6%, debt of 0.00 per unit of equity. They feed the Quality Score of 43/100, which measures business quality independently of the share price.
How far is HMAAGRO from its 52-week high?
HMA AGRO INDUSTRIES ORD (BSE) trades at ₹20.02, about 42% below its 52-week high of ₹34.24 (as of Sep 6, 2026). Distance from the high says nothing about value: that is what the fair value of ₹55.89 is for.
Which stocks are comparable to HMA AGRO INDUSTRIES ORD (BSE)?
From the same area (Consumer Defensive) we also value Nestlé S.A, Danone S.A, Nestlé India Limited, Foshan Haitian Flavouring and Food Company, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is HMA AGRO INDUSTRIES ORD (BSE) stock attractive at the current price?
The data as of Sep 6, 2026: price ₹20.02, calculated fair value ₹55.89 (+179%), Quality Score 43/100, from 17 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of HMAAGRO calculated?
We run HMA AGRO INDUSTRIES ORD (BSE) through 17 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of ₹55.89, with the spread shown as a cautious and an optimistic scenario.
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