HMA Agro Industries Receives CRISIL BBB+ Rating for ₹1,250 Crore Bank Facilities
HMA Agro Industries Limited received CRISIL BBB+ stable long-term and A2 short-term credit ratings for bank facilities worth ₹1,250 crore. The facilities are distributed across State Bank of India, YES Bank, HDFC Bank, and Canara Bank, with the largest exposure being ₹510 crore in export packing credit from SBI. The ratings remain valid until December 22, 2026, and the company has complied with SEBI disclosure requirements by informing stock exchanges on March 14, 2026.

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HMA Agro Industries Limited has secured credit ratings from CRISIL Ratings Limited for its comprehensive banking facilities. The company announced the rating assignment to stock exchanges on March 14, 2026, in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Credit Rating Details
CRISIL Ratings Limited has assigned favorable credit ratings to HMA Agro Industries' banking facilities. The rating agency evaluated the company's financial position and assigned ratings that reflect its creditworthiness and repayment capability.
| Rating Type: | Rating Assigned |
|---|---|
| Long-Term Credit Rating: | CRISIL BBB+ (Stable Outlook) |
| Short-Term Credit Rating: | CRISIL A2 |
| Total Bank Facilities Rated: | ₹1,250 Crore |
Bank-wise Facility Distribution
The rated facilities are distributed across multiple banking partners, demonstrating the company's diversified banking relationships. The facilities primarily consist of export packing credit lines and fund-based facilities.
| Bank: | Facility Type | Amount (₹ Crore) | Rating |
|---|---|---|---|
| State Bank of India: | Export Packing Credit | 510.00 | CRISIL BBB+/Stable |
| YES Bank Limited: | Export Packing Credit | 350.00 | CRISIL BBB+/Stable |
| HDFC Bank Limited: | Export Packing Credit | 160.00 | CRISIL BBB+/Stable |
| Canara Bank: | Export Packing Credit | 70.00 | CRISIL BBB+/Stable |
| State Bank of India: | Fund-Based Facilities | 20.00 | CRISIL BBB+/Stable |
| State Bank of India: | Non-Fund Based Limit | 19.00 | CRISIL A2 |
| Proposed Facilities: | Fund-Based Bank Limits | 121.00 | CRISIL BBB+/Stable |
Rating Validity and Surveillance
The rating letter issued by CRISIL on March 13, 2026, remains valid until December 22, 2026. CRISIL maintains continuous surveillance and review of all assigned ratings throughout the facility lifecycle. The rating agency reserves the right to withdraw or revise ratings based on new information or changing circumstances that may impact the company's creditworthiness.
Regulatory Compliance
The rating intimation was signed by Gulzar Ahmad, Chairperson and Wholetime Director of HMA Agro Industries Limited, and communicated to both BSE Limited (Scrip Code: 543929) and National Stock Exchange of India Limited (Scrip Code: HMAAGRO). The company has fulfilled its disclosure obligations under SEBI regulations by providing complete rating details along with the rating letter and rationale from CRISIL.
Historical Stock Returns for HMA Agro Industries
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +2.03% | -2.31% | -12.50% | -25.04% | -22.13% | -58.90% |


































