Investors Take Note! This FMCG Stock Ties Up With Canara & HDFC Bank For Rs 71 Cr Export Credit Facility

The proposal to get Export Credit Limit and Working Capital Facilities from Canara Bank, totaling about Rs 70.00 Crores, was accepted during the HMA Agro Industries Limited Board of Directors Meeting on Saturday, November 1, 2025. Export Packing Credit (EPC), Foreign Bills Discounting (FBD), Credit Exposure Limit (CEL), and other relevant facilities that may be mutually agreed upon with the bank are only a few examples of the proposed facilities.

Additionally, the Board authorized the proposal to use HDFC Bank's Commercial Card Programme, which would allow the bank to grant a credit facility in the company's name with an overall maximum of Rs 1 Cr.

Following an improvement in its overall bank facilities, HMA Agro Industries Limited recently reported that CARE Ratings Limited has given the company a Long-Term Credit Rating of CARE A-; Stable and reaffirmed its Short-Term Credit Rating of CARE A2+. While Short-Term Bank Facilities have been significantly lowered to Rs 19 crore from Rs 20 crore, the overall Long-Term and Short-Term Bank Facilities have been enhanced to Rs 931 crore from the previous Rs 830 crore.

The rated facilities are distributed among several banks - State Bank of India (Rs 430 crore), Yes Bank Ltd. (Rs 240 crore), HDFC Bank Ltd. (Rs 160 crore), and a proposed limit of Rs 101 crore. The Short-Term Facility of Rs 19 crore is solely with the State Bank of India. CARE Ratings reviewed these ratings based on the company's audited financial performance for FY25 and unaudited results for Q1FY26.

The reaffirmation of the "Stable" outlook reflects the company's sound financial position and operational stability. The rating agency also noted that it reserves the right to revise or reaffirm the rating based on future developments or new information. The official communication, signed by Nikhil Sundrani, Company Secretary and Compliance Officer, was submitted to both BSE and NSE on October 29, 2025.

A prominent exporter of frozen buffalo meat and other agricultural products including fish, vegetables, and cereals is HMA Agro Industries, an Indian food trade company. Since its founding in 2008, the company has expanded dramatically and been named a Star Export House by the Indian government. Its products are sold globally under brands including "Black Gold" and "Kamil".

HMA Agro Industries' net profit jumped by 72.81% to Rs 89.76 crore in the September 2025 quarter compared to Rs 51.94 crore in the September 2024 quarter. In Q2FY26, sales increased 47.04% to Rs 2155.34 crore from Rs 1465.86 crore in Q2FY25. Additionally, a proposal to increase working capital limitations in the form of Export Packing Credit (EPC) limits totaling up to Rs 300 crore was recently authorized by the firm.

The Board of HMA Agro Industries additionally granted the authorization to approach one or more of its existing bankers or any new bank or financial institution as may be considered suitable in order to obtain such enhanced EPC limits, subject to the terms and conditions provided by the respective banks.

With an estimated share of 10-11% of India's total frozen buffalo meat exports, the firm is a major player in the industry. Products from HMA Agro are shipped to more than 50 nations, including significant markets in the Gulf Cooperation Council (GCC), Vietnam, Malaysia, Egypt, and other Middle Eastern, CIS, and African nations. Aligarh, Mohali, Agra, Parbhani, Unnao, and Haryana are home to the company's six fully integrated packaged meat processing facilities, as well as two more secondary processing facilities. HMA Agro upholds strict quality and safety standards and satisfies worldwide standards with certifications including ISO 22000, FSSAI, HACCP, and Halal.