WEBSITE BSE:519552 NSE: HERITGFOOD Inc. Year: 1992 Industry: Consumer Food
Last updated: 15:31
Heritage Foods Ltd, formerly known as Heritage Foods (India) Ltd., is a FMCG business enterprise. It's segments are Agri, Bakery, Renewable Energy, Dairy, and Retail. Its predominant merchandise/offerings are milk, value delivered merchandise and FMCG (food and non-meals). The Dairy section offers procuring milk, processing and selling of milk, value introduced products, fats products, skimmed milk powder, tradable items and job work. The Retail segment mainly deals with purchasing and selling of FMCG-meals, FMCG-non-food, fruits and vegetables...Read More
Heritage Foods Ltd, formerly known as Heritage Foods (India) Ltd., is a FMCG business enterprise. It's segments are Agri, Bakery, Renewable Energy, Dairy, and Retail. Its predominant merchandise/offerings are milk, value delivered merchandise and FMCG (food and non-meals). The Dairy section offers procuring milk, processing and selling of milk, value introduced products, fats products, skimmed milk powder, tradable items and job work. The Retail segment mainly deals with purchasing and selling of FMCG-meals, FMCG-non-food, fruits and vegetables. The Agri section especially deals with buying, processing and selling of fruits and veggies, tradable items and job works. The Bakery section especially deals with procurement, manufacturing and selling of bakery products. The Renewable Energy section in particular deals with generating and supply of solar power and wind power to the dairy segment for its captive consumption. It has operations throughout approximately 10 states in India. ...Read Less
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Market Cap ₹2870 Cr.
Stock P/E 15.2
P/B 2.7
Current Price ₹309.3
Book Value ₹ 116.2
Face Value 5
52W High ₹541.6
Dividend Yield 0.81%
52W Low ₹ 296.2
Price goes above X
Price falls below X
PE goes above X
PE falls below X
₹ | |
| #(Fig in Cr.) | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 979 | 941 | 951 | 1033 | 1020 | 1034 | 1048 | 1137 | 1113 | 1119 |
| Other Income | 2 | 3 | 5 | 6 | 7 | 8 | 7 | 5 | 5 | 8 |
| Total Income | 980 | 944 | 955 | 1038 | 1027 | 1042 | 1055 | 1142 | 1118 | 1127 |
| Total Expenditure | 931 | 889 | 880 | 939 | 936 | 960 | 969 | 1063 | 1035 | 1056 |
| Operating Profit | 49 | 55 | 75 | 99 | 91 | 82 | 86 | 79 | 82 | 71 |
| Interest | 2 | 2 | 3 | 3 | 4 | 4 | 4 | 4 | 4 | 4 |
| Depreciation | 15 | 16 | 16 | 17 | 17 | 18 | 18 | 19 | 20 | 20 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | 0 | -9 | 0 | 9 | 0 |
| Profit Before Tax | 32 | 38 | 56 | 79 | 69 | 61 | 56 | 56 | 68 | 46 |
| Provision for Tax | 8 | 9 | 14 | 19 | 19 | 16 | 16 | 14 | 17 | 12 |
| Profit After Tax | 24 | 29 | 42 | 60 | 51 | 45 | 40 | 42 | 51 | 35 |
| Adjustments | -2 | -2 | -2 | -2 | -2 | -2 | -2 | -1 | 0 | 0 |
| Profit After Adjustments | 22 | 27 | 40 | 58 | 49 | 43 | 38 | 41 | 51 | 35 |
| Adjusted Earnings Per Share | 2.4 | 2.9 | 4.4 | 6.3 | 5.2 | 4.6 | 4.1 | 4.4 | 5.5 | 3.7 |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 2073 | 1694 | 1832 | 2373 | 2515 | 2726 | 2473 | 2681 | 3241 | 3794 | 4135 | 4417 |
| Other Income | 7 | 7 | 251 | 403 | 140 | 303 | 8 | 11 | 12 | 12 | 28 | 25 |
| Total Income | 2080 | 1701 | 2083 | 2776 | 2655 | 3029 | 2481 | 2693 | 3253 | 3806 | 4162 | 4442 |
| Total Expenditure | 1989 | 1556 | 1724 | 2629 | 2459 | 3107 | 2210 | 2489 | 3101 | 3584 | 3802 | 4123 |
| Operating Profit | 91 | 144 | 359 | 148 | 196 | -78 | 272 | 204 | 152 | 222 | 360 | 318 |
| Interest | 18 | 13 | 11 | 20 | 23 | 24 | 21 | 6 | 6 | 9 | 17 | 16 |
| Depreciation | 34 | 22 | 25 | 38 | 45 | 50 | 46 | 52 | 56 | 61 | 70 | 77 |
| Exceptional Income / Expenses | 0 | -2 | 0 | 0 | 0 | 0 | 0 | -9 | 0 | 0 | -9 | 0 |
| Profit Before Tax | 39 | 108 | 323 | 90 | 128 | -153 | 203 | 131 | 82 | 145 | 258 | 226 |
| Provision for Tax | 11 | 38 | 32 | 27 | 45 | 15 | 53 | 34 | 24 | 39 | 70 | 59 |
| Profit After Tax | 28 | 70 | 291 | 63 | 83 | -169 | 149 | 97 | 58 | 107 | 188 | 168 |
| Adjustments | -0 | -14 | -16 | 0 | -1 | 8 | 1 | 0 | 0 | 0 | 0 | -3 |
| Profit After Adjustments | 28 | 55 | 275 | 63 | 81 | -160 | 150 | 97 | 58 | 107 | 188 | 165 |
| Adjusted Earnings Per Share | 3.1 | 6.1 | 30.1 | 6.9 | 8.9 | -17.5 | 16.4 | 10.6 | 6.2 | 11.5 | 20.3 | 17.7 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | 9% | 16% | 9% | 7% |
| Operating Profit CAGR | 62% | 21% | 0% | 15% |
| PAT CAGR | 76% | 25% | 0% | 21% |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Share Price CAGR | -18% | 30% | 12% | 9% |
| ROE Average | 21% | 15% | 18% | 18% |
| ROCE Average | 27% | 19% | 22% | 21% |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Shareholder's Funds | 193 | 240 | 591 | 778 | 803 | 460 | 596 | 658 | 726 | 808 | 972 |
| Minority's Interest | 0 | 0 | 11 | 11 | 12 | 2 | 0 | 0 | 0 | 0 | 0 |
| Borrowings | 56 | 66 | 74 | 142 | 167 | 172 | 34 | 8 | 4 | 75 | 111 |
| Other Non-Current Liabilities | 30 | 35 | 63 | 450 | 328 | 35 | 40 | 54 | 80 | 91 | 99 |
| Total Current Liabilities | 247 | 234 | 258 | 326 | 326 | 320 | 208 | 183 | 315 | 307 | 377 |
| Total Liabilities | 526 | 575 | 996 | 1707 | 1635 | 988 | 879 | 903 | 1125 | 1281 | 1558 |
| Fixed Assets | 281 | 312 | 295 | 429 | 472 | 475 | 575 | 575 | 617 | 700 | 743 |
| Other Non-Current Assets | 31 | 35 | 494 | 1024 | 888 | 244 | 44 | 37 | 54 | 56 | 130 |
| Total Current Assets | 214 | 228 | 207 | 254 | 275 | 248 | 259 | 290 | 453 | 525 | 685 |
| Total Assets | 526 | 575 | 996 | 1707 | 1635 | 988 | 879 | 903 | 1125 | 1281 | 1558 |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Opening Cash & Cash Equivalents | 44 | 40 | 7 | -17 | -41 | -29 | -31 | 20 | 33 | 16 | 79 |
| Cash Flow from Operating Activities | 52 | 125 | 115 | 121 | 148 | 117 | 174 | 148 | -61 | 390 | 214 |
| Cash Flow from Investing Activities | -47 | -66 | -120 | -200 | -133 | -97 | 69 | -42 | -83 | -252 | -229 |
| Cash Flow from Financing Activities | -8 | -55 | -13 | 55 | -3 | -22 | -191 | -93 | 126 | -76 | 1 |
| Net Cash Inflow / Outflow | -4 | 4 | -18 | -23 | 12 | -2 | 51 | 13 | -17 | 62 | -14 |
| Closing Cash & Cash Equivalent | 40 | 44 | -17 | -41 | -29 | -31 | 20 | 33 | 16 | 79 | 64 |
| # | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Per Share (Rs) | 3.1 | 6.06 | 30.07 | 6.86 | 8.9 | -17.52 | 16.39 | 10.55 | 6.25 | 11.48 | 20.29 |
| CEPS(Rs) | 6.81 | 10.03 | 34.52 | 10.98 | 13.94 | -12.96 | 21.34 | 16.25 | 12.3 | 18.04 | 27.79 |
| DPS(Rs) | 0.76 | 0.76 | 1.02 | 1.02 | 1.02 | 1.27 | 2.54 | 2.54 | 2.5 | 2.5 | 2.5 |
| Book NAV/Share(Rs) | 20.74 | 25.87 | 64.22 | 84.65 | 87.37 | 49.88 | 64.77 | 71.52 | 77.88 | 86.75 | 104.4 |
| Core EBITDA Margin(%) | 4.03 | 8.12 | 5.71 | -10.77 | 2.2 | -14.53 | 10.23 | 6.89 | 4.15 | 5.33 | 7.76 |
| EBIT Margin(%) | 2.74 | 7.09 | 17.64 | 4.62 | 5.98 | -4.92 | 8.66 | 4.88 | 2.59 | 3.92 | 6.42 |
| Pre Tax Margin(%) | 1.89 | 6.35 | 17.06 | 3.78 | 5.07 | -5.84 | 7.86 | 4.68 | 2.42 | 3.68 | 6.02 |
| PAT Margin (%) | 1.37 | 4.11 | 15.35 | 2.64 | 3.29 | -6.42 | 5.79 | 3.46 | 1.72 | 2.71 | 4.39 |
| Cash Profit Margin (%) | 3.01 | 5.42 | 16.67 | 4.23 | 5.07 | -4.52 | 7.58 | 5.32 | 3.38 | 4.25 | 6.02 |
| ROA(%) | 5.57 | 12.65 | 37.04 | 4.64 | 4.96 | -12.87 | 15.97 | 10.84 | 5.72 | 8.86 | 13.26 |
| ROE(%) | 15.53 | 32.64 | 70.58 | 9.2 | 10.53 | -26.87 | 28.42 | 15.48 | 8.42 | 13.95 | 21.23 |
| ROCE(%) | 16.96 | 33.57 | 59.98 | 12.14 | 13.94 | -13.84 | 31.31 | 20.52 | 11.44 | 17.55 | 27.4 |
| Receivable days | 3.59 | 5.71 | 4.26 | 2.18 | 4.01 | 4.46 | 2.63 | 2.2 | 2.52 | 2.63 | 2.84 |
| Inventory Days | 21.82 | 30.61 | 25.77 | 21.33 | 21.27 | 19.67 | 24.3 | 26.41 | 31.65 | 29.7 | 26.27 |
| Payable days | 16.42 | 23.51 | 19.46 | 12.87 | 13.24 | 11.03 | 9.87 | 8.04 | 9.45 | 14.09 | 19.61 |
| PER(x) | 26.95 | 21.39 | 9.08 | 50.96 | 31.03 | 0 | 9.08 | 15.37 | 23.12 | 29.35 | 18.99 |
| Price/Book(x) | 4.03 | 5.01 | 4.25 | 4.13 | 3.16 | 2.17 | 2.3 | 2.27 | 1.85 | 3.88 | 3.69 |
| Dividend Yield(%) | 0.91 | 0.59 | 0.37 | 0.29 | 0.37 | 1.17 | 1.7 | 1.56 | 1.73 | 0.74 | 0.65 |
| EV/Net Sales(x) | 0.42 | 0.75 | 1.42 | 1.44 | 1.09 | 0.45 | 0.57 | 0.54 | 0.45 | 0.83 | 0.88 |
| EV/Core EBITDA(x) | 9.69 | 8.78 | 7.23 | 23.09 | 14.06 | -15.79 | 5.16 | 7.17 | 9.57 | 14.13 | 10.1 |
| Net Sales Growth(%) | 20.38 | -18.29 | 8.16 | 29.52 | 5.97 | 8.4 | -9.27 | 8.42 | 20.86 | 17.07 | 8.98 |
| EBIT Growth(%) | -25.68 | 111.38 | 177.99 | -67.2 | 37.32 | -185.88 | 272.64 | -38.88 | -35.86 | 76.67 | 78.13 |
| PAT Growth(%) | -37.4 | 145.43 | 317.94 | -78.45 | 32.17 | -303.66 | 188.34 | -35.24 | -39.93 | 83.78 | 76.71 |
| EPS Growth(%) | -37.4 | 95.45 | 396.31 | -77.18 | 29.73 | -296.86 | 193.54 | -35.6 | -40.81 | 83.78 | 76.71 |
| Debt/Equity(x) | 0.83 | 0.53 | 0.27 | 0.36 | 0.37 | 0.67 | 0.11 | 0.02 | 0.19 | 0.12 | 0.14 |
| Current Ratio(x) | 0.87 | 0.97 | 0.8 | 0.78 | 0.84 | 0.77 | 1.25 | 1.59 | 1.44 | 1.71 | 1.82 |
| Quick Ratio(x) | 0.3 | 0.35 | 0.33 | 0.3 | 0.42 | 0.32 | 0.29 | 0.46 | 0.24 | 0.86 | 0.88 |
| Interest Cover(x) | 3.23 | 9.54 | 30.68 | 5.54 | 6.55 | -5.36 | 10.82 | 24.2 | 15.25 | 16.34 | 16.14 |
| Total Debt/Mcap(x) | 0.21 | 0.11 | 0.06 | 0.09 | 0.12 | 0.31 | 0.05 | 0.01 | 0.1 | 0.03 | 0.04 |
| # | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 41.58 | 41.3 | 41.3 | 41.3 | 41.3 | 41.3 | 41.3 | 41.3 | 41.3 | 41.3 |
| FII | 1.75 | 1.74 | 2.01 | 3.32 | 8.26 | 6.65 | 6.42 | 6.16 | 4.6 | 3.96 |
| DII | 14.48 | 11.97 | 11.74 | 3.91 | 3.88 | 3.98 | 4.05 | 4.13 | 4.32 | 4.87 |
| Public | 42.2 | 44.98 | 44.95 | 51.46 | 46.55 | 48.07 | 48.23 | 48.41 | 49.79 | 49.87 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
| # | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 3.86 | 3.83 | 3.83 | 3.83 | 3.83 | 3.83 | 3.83 | 3.83 | 3.83 | 3.83 |
| FII | 0.16 | 0.16 | 0.19 | 0.31 | 0.77 | 0.62 | 0.6 | 0.57 | 0.43 | 0.37 |
| DII | 1.34 | 1.11 | 1.09 | 0.36 | 0.36 | 0.37 | 0.38 | 0.38 | 0.4 | 0.45 |
| Public | 3.92 | 4.17 | 4.17 | 4.78 | 4.32 | 4.46 | 4.48 | 4.49 | 4.62 | 4.63 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 9.28 | 9.28 | 9.28 | 9.28 | 9.28 | 9.28 | 9.28 | 9.28 | 9.28 | 9.28 |
* The pros and cons are machine generated.
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