91  Total SME IPOs listed in 2025

4,041.09 Crs.  Total funds raised in 2025

63  SME IPOs listed with Gain in 2025

28  SME IPOs listed with loss in 2025

91  Total SME IPOs listed in 2025

4,041.09 Crs.  Total funds raised in 2025

63  SME IPOs listed with Gain in 2025

28  SME IPOs listed with loss in 2025

91  Total SME IPOs listed in 2025

4,041.09 Crs.  Total funds raised in 2025

63  SME IPOs listed with Gain in 2025

28  SME IPOs listed with loss in 2025

91  Total SME IPOs listed in 2025

4041.09 Crs.  Total funds raised in 2,025.00

63  SME IPOs listed with Gain in 2025

28  SME IPOs listed with loss in 2025

HMA Agro Industries Limited IPO Analysis

HMA Agro Industries IPO is a Book Building listing on BSE,NSE exchange, with an ipo size of ₹ 480.00 Cr. The company is based in Agra and caters to Agro sector. Aryaman Financial Services is the merchant banker of HMA Agro Industries IPO. It is a MainBoard IPO which filed its Draft Red Herring Prospectus (DRHP) on 22nd March 2023.

HMA Agro Industries IPO posted revenues of ₹ 3223.76 crores and PAT of ₹ 150.99 crores in FY23 on annualised basis.

IPO Key Highlights

*At the time of IPO, on Annualised Basis
  • Revenue: ₹ 3,160.53 Cr.
            EBITDA: ₹ 220.27 Cr.
            PAT: ₹ 151.09 Cr.
  • EBITDA Margin: 6.97 %
            Pat Margin: 4.78 %
  • Net Worth: ₹ 474.20 Cr.
  • Market Capitalisation: ₹ 2929.50 Cr.
  • P/E: [●]
  • P/BV: 3.07 times
  • EV/EBITDA: 14.73 times
Nature of IPO : MainBoard
Exchange : BSE,NSE
IPO Type : Book Building

HMA Agro IPO Financial Performance (Restated)

Financial results of HMA Agro Industries IPO based on restated financials as per prospectus and IPO review parameters can be referred to below.

Amount in ₹ crores
Financials Dec-22 FY 22 FY 21 FY 20
Balance Sheet
Assets 971.70 856.11 572.04 472.85
Net Worth 474.20 374.65 258.69 187.05
Total Debt 340.60 330.02 181.34 169.13
Profit & Loss
Revenue
Revenue on annualised basis
2370.40
3,160.53
3083.10 1707.40 2372.70
EBITDA
EBITDA on annualised basis
165.20
220.27
175.80 109.80 78.60
PAT
PAT on annualised basis
113.32
151.09
117.62 71.60 45.90
Financials
31-Dec-22
FY 22
FY 21
FY 20
Balance Sheet
Assets
971.70
856.11
572.04
472.85

Net Worth
474.20
374.65
258.69
187.05

Total Debt
340.60
330.02
181.34
169.13

Profit & Loss
Revenue
Revenue on annualised basis
2370.40
3,160.53
3083.10
1707.40
2372.70

EBITDA
EBITDA on annualised basis
165.20
220.27
175.80
109.80
78.60

PAT
PAT on annualised basis
113.32
151.09
117.62
71.60
45.90

Notes:
1) Total debt incluides long-term borrowings and short-term borrowings.
2) Revenue means the Revenue from Operations as appearing in the Restated Financial Statements.

HMA Agro IPO Key performance Indicators (KPI)

HMA Agro Industries IPO PAT Margin is 4.78 % , ROCE (Return on Capital Employed) is 33.39 % as per latest financial. The below table shows HMA Agro Industries IPO Key Performance Indicators (KPI) as mentioned in company’s prospectus.

Particulars Dec-22 FY 22 FY 21 FY 20
EBITDA Margin (%) 6.97 5.70 6.43 3.31
PAT Margin (%) 4.78 3.81 4.19 1.93
EPS (₹) 22.96 24.39 15.07 9.66
ROE (%) 23.90 31.39 27.68 24.54
ROCE (%) 33.39 42.15 39.16 36.58
ROA (%) 11.66 13.74 12.52 9.71
Debt to Equity 0.72 0.88 0.70 0.90
Particulars
31-Dec-22
FY 22
FY 21
FY 20

EBITDA Margin (%)
6.97
5.70
6.43
3.31

PAT Margin (%)
4.78
3.81
4.19
1.93

EPS (₹)
22.96
24.39
15.07
9.66

ROE (%)
23.90
31.39
27.68
24.54

ROCE (%)
33.39
42.15
39.16
36.58

ROA (%)
11.66
13.74
12.52
9.71

Debt to Equity (x)  
0.72
0.88
0.70
0.90

Notes:
1) The EPS represents post-bonus basic EPS.
2) Return on Equity is ratio of Profit after Tax and Total Equity.
3) Return on Assets is ratio of Profit after Tax and Total Assets.
4) Debt to Equity is ratio of Total borrowings and Total Equity.

HMA Agro Industries IPO Valuation Metrics

The market Capitalisation of HMA Agro Industries IPO is ₹ 2929.50 crores at the time of IPO and other IPO valuation metrics of this IPO is mentioned below.

Key Metrics (at the time of IPO)


Market Capitalisation (₹ Cr.):
2929.50

Enterprise Value (EV) (₹ Cr.):
3,245.00

EV/EBITDA (times) :
14.73

PE Multiple (times) :
0.00

P/B (times) :
3.07

NAV (₹) :
95.33

Notes:
1) The Enterprise Value is calculated as Market Cap. + Total Debt - Cash and Cash Equivalents.
2) Price to Book multiple is calculated as the ratio of Market Cap. and Net Worth post IPO proceeds.

What are the key financial metrics in HMA Agro prospectus?

The HMA Agro Industries IPO prospectus highlights an Return on Equity (ROE) of 23.90 % , Return on Assets (ROA) of 11.66 %, and an EBITDA Margin of 6.97 %, showcasing financial performance.

How do profitability ratios impact the evaluation of HMA Agro IPO?

Profitability ratios like Return on Equity (ROE), Return on Assets (ROA), and Net Profit Margin shows HMA Agro Industries IPO financial report. Analysing these metrics can provide insights into the company’s efficiency, profitability, and long-term growth potential.

What is the market capitalisation for HMA Agro IPO ?

The post-IPO market capitalisation of HMA Agro Industries IPO is ₹ 2929.50 Cr., based on the issue price and share structure. It helps investors gauge the company’s valuation and compare it with industry peers before investing.

What is the PE Multiple of HMA Agro IPO?

The HMA Agro Industries IPO has a Price-to-Earnings (PE) ratio of [●], indicating valuation compared to industry peers. It helps investors determine if the stock is overvalued or undervalued compared to its earnings and industry peers.

What is the Revenue of HMA Agro Industries IPO?

HMA Agro Industries IPO reported revenue of ₹ 3223.76 Cr. in the latest fiscal year, showing business performance, on annualised basis. Revenue figures from HMA Agro Industries IPO provide insights into sales growth, market demand, and business scalability.

What is the EBITDA of HMA Agro Industries IPO?

HMA Agro Industries recorded an EBITDA of ₹ 220.27 Cr., reflecting operational efficiency. EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortisation) measures operational profitability.

What is the PAT of HMA Agro Industries IPO?

HMA Agro Industries Profit After Tax (PAT) is ₹ 151.09 Cr., reflecting earnings growth. Profit After Tax (PAT) reflects the company’s actual earnings after all expenses, taxes, and deductions

IPO Key Highlights

*At the time of IPO, on Annualised Basis
  • Revenue: ₹ 3,160.53 Cr.
            EBITDA: ₹ 220.27 Cr.
            PAT: ₹ 151.09 Cr.
  • EBITDA Margin: 6.97 %
            Pat Margin: 4.78 %
  • Net Worth: ₹ 474.20 Cr.
  • Market Capitalisation: ₹ 2929.50 Cr.
  • P/E: [●]
  • P/BV: 3.07 times
  • EV/EBITDA: 14.73 times

Revenue

(As Annualised)

EBITDA

(As Annualised)

PAT

(As Annualised)
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FAQs

HMA Agro Industries operates in Agro and Star Export House For Frozen Buffalo Meat In Global Markets. The Issue is listed on BSE,NSE in Jul, 2023. HMA Agro Industries IPO size was 480.00 with Issue price of 585.00 .

Merchant Banker(s) of HMA Agro Industries IPO: Aryaman Financial Services Limited

HMA Agro Industries IPO subscription was 1.62 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.

HMA Agro Industries IPO listed at a listing price of 584.75 against the offer price of 585.00.

The current market price of HMA Agro Industries is 31.90.

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