Exports frozen buffalo meat and related products from India, classified under Food Products and Meat Products including Poultry. In FY26 the company recorded revenue of Rs 6,916.495 crore with an EBITDA margin of 4.10 percent, indicating a low-margin, high-volume business. Materials account for 96.8 percent of revenue, reflecting an export-trading model driven by sourcing rather than heavy processing. The company is recognised as a Five Star Export House by the Government of India, and runs export packing credit lines with lenders including SBI, YES Bank, HDFC Bank, and Canara Bank. It is based in Agra, Uttar Pradesh, with its registered office in the process of shifting to Delhi. The Managing Director and CEO both resigned effective June 2, 2026. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Frozen buffalo meat and related products. Low-margin, high-volume export trading of frozen meat
| ₹ crore · consolidated | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue | 3,209 | 4,813 | 5,133 | 6,916 |
| EBITDA (ex other income) | 155 | 133 | 102 | 159 |
| margin % | 4.8 | 2.8 | 2.0 | 2.3 |
| Owners' profit | 123 | 101 | 87 | 165 |
| EPS, as reported (₹) | 25.34 | 2.03 | 1.75 | 3.29 |
| ROE % · ROCE % | 25.0 · 34.2 | 13.6 · 19.0 | 10.8 · 17.7 | 17.2 · 26.0 |
| Debt / equity (x) | 0.69 | 0.66 | 0.66 | 0.88 |
| Cash from operations | 136 | (166) | 124 | (85) |
| Capex | (109) | (38) | (22) | (36) |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,466 | 1,455 | 1,500 | 1,123 | 2,155 | 2,059 | 1,579 | 2,110 |
| Profit before tax | 58 | 41 | 21 | 1 | 117 | 88 | 11 | 63 |
| Net profit | 53 | 21 | 12 | 1 | 90 | 67 | 8 | 51 |
| EPS (₹) | 1.04 | 0.41 | 0.26 | 0.02 | 1.79 | 1.32 | 0.16 | 1.01 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| VENKY S (INDIA) LIMITED | 2,506 | 14.4 | 1.57 | — | 8.4 | 11.1 | — | 7.4 |
| SKM EGG PROD EXPORT(I) LT | 1,277 | 7.7 | 3.23 | 8.1 | 26.3 | 30.1 | 23.3 | 20.9 |
| HMA AGRO INDUSTRIES LTD ◆ | 1,009 | 4.7 | 1.05 | 6.1 | 17.2 | 22.5 | — | 3.8 |
| OVOBEL FOODS LTD. | 233 | 6.0 | 2.11 | — | 22.1 | 29.0 | — | 27.4 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 9 Sept 2026 · HMA Agro divests entire stake in FNS Agro Foods subsidiary for about 5 crore rupees | strategic transactions | high | — | — |
| 9 Sept 2026 · HMA Agro to fully divest subsidiary FNS Agro Foods for about 5 crore | strategic transactions | high | — | — |
| 9 Sept 2026 · HMA Agro sells entire FNS Agro Foods stake to promoter group for about Rs 5 crore | strategic transactions | high | — | — |
| 8 Sept 2026 · HMA Agro to divest 100% stake in subsidiary FNS Agro Foods | strategic transactions | high | — | — |
| 8 Sept 2026 · HMA Agro to divest FNS Agro Foods subsidiary to promoter group | strategic transactions | high | — | — |
| 3 Sept 2026 · Board meeting on Sept 8 to consider divesting FNS Agro Foods subsidiary | strategic transactions | medium | — | — |
| 29 Aug 2026 · Newspaper ad confirming dispatch of 18th AGM notice | compliance | minimal | — | — |
| 27 Aug 2026 · Five Star Export House status and AGM notice for FY26 | compliance | minimal | — | — |
| 27 Aug 2026 · Revised Notice of 18th AGM on September 18, 2026 | board shareholder meetings | low | — | — |
| 26 Aug 2026 · Newspaper ad published for 18th AGM notice dispatch | compliance | minimal | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions |
| DSM Fresh Foods Limited | 135 | 9.2 | — | — | — | 18.4 | — | — |
| SIMRAN FARMS LTD. | 90 | 14.3 | 1.54 | 8.9 | 8.7 | 12.6 | 22.1 | 1.1 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 4.7 | 22.1 | 12 of 103 | 89% |
| P/B | 1.1 | 2.2 | 16 of 82 | 82% |
| ROCE | 22.5 | 10.8 | 15 of 106 | 87% |
| ROE | 17.2 | 9.4 | 19 of 89 | 80% |
| Debt / Equity | 0.9 | 0.2 | 77 of 89 | 14% |
| EBITDA margin | 3.8 | 8.3 | 62 of 83 | 26% |
| Revenue growth | 88.0 | 14.1 | 13 of 82 | 85% |
| Profit growth | 8361.3 | 25.5 | 1 of 81 | 100% |
| Market cap | 1009 | 138 | 25 of 108 | 78% |
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| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
