Share Price and Basic Stock Data
Last Updated: November 3, 2025, 8:52 pm
| PEG Ratio | 2.18 |
|---|
Analyst Insight & Comprehensive Analysis
Business Overview and Revenue Trends
Heritage Foods Ltd operates within the Milk & Milk Products industry, focusing on dairy products. The company reported a price of ₹490 and a market capitalization of ₹4,548 Cr. Over recent quarters, Heritage Foods demonstrated a consistent upward trajectory in sales, with the most recent quarter (Sep 2023) recording ₹979 Cr in revenue. This figure rose to ₹1,033 Cr by Jun 2024, reflecting a robust growth trend. The annual sales figures also corroborate this momentum, increasing from ₹3,241 Cr in Mar 2023 to ₹4,135 Cr in Mar 2025. The trailing twelve months (TTM) sales stood at ₹4,239 Cr, indicating strong operational performance. The company’s effective management of sales and expenses is evident, as it maintained expenses at ₹3,109 Cr for Mar 2023, with a significant rise to ₹3,809 Cr in Mar 2025, suggesting that Heritage Foods is scaling its operations efficiently to meet rising demand.
Profitability and Efficiency Metrics
Heritage Foods reported an operating profit margin (OPM) of 6% for the latest period, reflecting a notable improvement from historical lows. The operating profit rose from ₹132 Cr in Mar 2023 to ₹326 Cr in Mar 2025, showcasing enhanced operational efficiency. The company’s return on equity (ROE) stood at 20.2%, while return on capital employed (ROCE) was reported at 25.3%, indicating effective utilization of equity and capital. The interest coverage ratio (ICR) was a strong 23.25x, suggesting that Heritage Foods comfortably meets its interest obligations, a positive indicator for stakeholders. However, the net profit margin was reported at 4.72% for Mar 2025, slightly lower than the previous year. The company must focus on optimizing costs further to improve profitability, especially in a competitive dairy market where margins can be thin.
Balance Sheet Strength and Financial Ratios
The balance sheet of Heritage Foods indicates a solid financial foundation, with total assets reaching ₹1,558 Cr as of Mar 2025. The company’s reserves stood at ₹926 Cr, reflecting a strong retained earnings position that supports future growth initiatives. Borrowings were reported at ₹175 Cr, maintaining a low long-term debt-to-equity ratio of 0.11, which suggests prudent financial management and minimal leverage. The current ratio of 1.82 and quick ratio of 0.87 indicate sufficient liquidity to cover short-term liabilities, although the quick ratio suggests potential liquidity pressures if inventory levels rise. The price-to-book value (P/BV) ratio stood at 3.68x, suggesting that the market values the company at a premium compared to its book value, which reflects investor confidence in its growth prospects.
Shareholding Pattern and Investor Confidence
Heritage Foods has a diverse shareholding structure, with promoters holding 41.30% of the shares, indicating significant insider confidence. Foreign institutional investors (FIIs) accounted for 4.60% of the shareholding, while domestic institutional investors (DIIs) held 4.31%. The public shareholding was reported at 49.78%, showing a healthy distribution that could enhance liquidity. The number of shareholders has increased significantly, from 40,010 in Dec 2022 to 1,31,804 by Mar 2025, indicating growing investor interest. However, the slight decline in FII and DII holdings in recent quarters could be a concern, suggesting a need for the company to maintain strong performance to retain institutional interest. The increasing public participation reflects a positive sentiment towards the company’s growth trajectory.
Outlook, Risks, and Final Insight
Looking ahead, Heritage Foods is well-positioned to leverage its growth momentum in the dairy sector, aided by its strong financial metrics and operational efficiencies. However, the company faces risks, including rising input costs and competitive pressures that could impact margins. Additionally, fluctuations in consumer preferences and economic conditions could pose challenges. To mitigate these risks, Heritage Foods should focus on cost management and innovation to stay ahead in the market. The company’s strong balance sheet and positive cash flow provide a buffer against potential downturns. Overall, if Heritage Foods can navigate these challenges while capitalizing on its market strengths, it is likely to sustain its growth trajectory in the competitive landscape of the dairy industry.
Source: Getaka Fundamental Analysis | Generated using proprietary financial data.
Competitors of Heritage Foods Ltd
| Stock Name ⇩ | Market Cap ⇩ | Current Price ⇩ | High / Low ⇩ | Stock P/E ⇩ | Book Value ⇩ | Dividend Yield ⇩ | ROCE ⇩ | ROE ⇩ | Face Value ⇩ |
|---|---|---|---|---|---|---|---|---|---|
| Modern Dairies Ltd | 114 Cr. | 44.6 | 76.0/38.2 | 4.61 | 15.8 | 0.00 % | % | % | 10.0 |
| Healthy Life Agritec Ltd | 78.6 Cr. | 15.8 | 61.2/13.8 | 23.1 | 6.93 | 0.00 % | 13.3 % | 10.6 % | 10.0 |
| Dodla Dairy Ltd | 7,575 Cr. | 1,253 | 1,525/962 | 29.1 | 254 | 0.40 % | 26.6 % | 19.8 % | 10.0 |
| Vadilal Industries Ltd | 3,839 Cr. | 5,329 | 7,399/3,411 | 27.4 | 967 | 0.39 % | 25.1 % | 24.0 % | 10.0 |
| Umang Dairies Ltd | 189 Cr. | 85.7 | 128/67.0 | 309 | 20.7 | 0.00 % | 4.52 % | 1.35 % | 5.00 |
| Industry Average | 6,692.83 Cr | 1,183.73 | 69.44 | 208.56 | 0.27% | 17.99% | 15.49% | 7.29 |
Quarterly Result
| Metric | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 821 | 816 | 786 | 818 | 924 | 979 | 941 | 951 | 1,033 | 1,020 | 1,034 | 1,048 | 1,137 |
| Expenses | 799 | 779 | 755 | 778 | 885 | 933 | 891 | 882 | 940 | 938 | 962 | 970 | 1,064 |
| Operating Profit | 22 | 38 | 31 | 40 | 39 | 45 | 50 | 69 | 92 | 81 | 72 | 78 | 73 |
| OPM % | 3% | 5% | 4% | 5% | 4% | 5% | 5% | 7% | 9% | 8% | 7% | 7% | 6% |
| Other Income | 3 | 3 | 3 | 3 | 3 | 2 | 3 | 5 | 6 | 7 | 8 | -2 | 5 |
| Interest | 1 | 0 | 0 | 2 | 3 | 2 | 2 | 3 | 3 | 4 | 4 | 4 | 4 |
| Depreciation | 13 | 14 | 14 | 15 | 15 | 15 | 16 | 16 | 17 | 17 | 18 | 18 | 19 |
| Profit before tax | 11 | 26 | 19 | 26 | 24 | 31 | 36 | 55 | 78 | 67 | 59 | 54 | 55 |
| Tax % | 31% | 28% | 28% | 31% | 29% | 27% | 25% | 26% | 25% | 28% | 27% | 30% | 26% |
| Net Profit | 7 | 19 | 14 | 18 | 17 | 22 | 27 | 40 | 58 | 49 | 43 | 38 | 41 |
| EPS in Rs | 0.78 | 2.05 | 1.48 | 1.93 | 1.80 | 2.41 | 2.90 | 4.36 | 6.30 | 5.24 | 4.64 | 4.11 | 4.37 |
Last Updated: August 1, 2025, 8:20 pm
Below is a detailed analysis of the quarterly data for Heritage Foods Ltd based on the most recent figures (Jun 2025) and their trends compared to the previous period:
- For Sales, as of Jun 2025, the value is 1,137.00 Cr.. The value appears strong and on an upward trend. It has increased from 1,048.00 Cr. (Mar 2025) to 1,137.00 Cr., marking an increase of 89.00 Cr..
- For Expenses, as of Jun 2025, the value is 1,064.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 970.00 Cr. (Mar 2025) to 1,064.00 Cr., marking an increase of 94.00 Cr..
- For Operating Profit, as of Jun 2025, the value is 73.00 Cr.. The value appears to be declining and may need further review. It has decreased from 78.00 Cr. (Mar 2025) to 73.00 Cr., marking a decrease of 5.00 Cr..
- For OPM %, as of Jun 2025, the value is 6.00%. The value appears to be declining and may need further review. It has decreased from 7.00% (Mar 2025) to 6.00%, marking a decrease of 1.00%.
- For Other Income, as of Jun 2025, the value is 5.00 Cr.. The value appears strong and on an upward trend. It has increased from -2.00 Cr. (Mar 2025) to 5.00 Cr., marking an increase of 7.00 Cr..
- For Interest, as of Jun 2025, the value is 4.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2025) which recorded 4.00 Cr..
- For Depreciation, as of Jun 2025, the value is 19.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 18.00 Cr. (Mar 2025) to 19.00 Cr., marking an increase of 1.00 Cr..
- For Profit before tax, as of Jun 2025, the value is 55.00 Cr.. The value appears strong and on an upward trend. It has increased from 54.00 Cr. (Mar 2025) to 55.00 Cr., marking an increase of 1.00 Cr..
- For Tax %, as of Jun 2025, the value is 26.00%. The value appears to be improving (decreasing) as expected. It has decreased from 30.00% (Mar 2025) to 26.00%, marking a decrease of 4.00%.
- For Net Profit, as of Jun 2025, the value is 41.00 Cr.. The value appears strong and on an upward trend. It has increased from 38.00 Cr. (Mar 2025) to 41.00 Cr., marking an increase of 3.00 Cr..
- For EPS in Rs, as of Jun 2025, the value is 4.37. The value appears strong and on an upward trend. It has increased from 4.11 (Mar 2025) to 4.37, marking an increase of 0.26.
Overall, while many items appear to show a positive trend, any significant downward movement warrant further investigation.
Profit & Loss - Annual Report
Last Updated: July 22, 2025, 3:43 pm
| Metric | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,722 | 2,073 | 2,381 | 1,894 | 2,373 | 2,515 | 2,726 | 2,473 | 2,681 | 3,241 | 3,794 | 4,135 | 4,239 |
| Expenses | 1,625 | 1,989 | 2,248 | 1,761 | 2,628 | 2,458 | 3,108 | 2,212 | 2,495 | 3,109 | 3,590 | 3,809 | 3,934 |
| Operating Profit | 97 | 84 | 132 | 134 | -255 | 57 | -382 | 261 | 186 | 132 | 203 | 326 | 304 |
| OPM % | 6% | 4% | 6% | 7% | -11% | 2% | -14% | 11% | 7% | 4% | 5% | 8% | 7% |
| Other Income | 4 | 7 | 5 | 251 | 402 | 138 | 303 | 7 | 2 | 12 | 12 | 19 | 19 |
| Interest | 15 | 18 | 17 | 49 | 20 | 23 | 24 | 21 | 6 | 6 | 9 | 17 | 16 |
| Depreciation | 25 | 34 | 35 | 25 | 38 | 45 | 50 | 46 | 52 | 56 | 61 | 70 | 72 |
| Profit before tax | 61 | 39 | 86 | 310 | 90 | 127 | -154 | 202 | 130 | 82 | 145 | 258 | 235 |
| Tax % | 26% | 28% | 36% | 10% | 30% | 35% | 10% | 26% | 26% | 29% | 27% | 27% | |
| Net Profit | 45 | 28 | 55 | 278 | 63 | 83 | -169 | 148 | 96 | 58 | 107 | 188 | 170 |
| EPS in Rs | 4.88 | 3.06 | 5.97 | 29.64 | 6.76 | 8.77 | -17.27 | 16.16 | 10.41 | 6.25 | 11.48 | 20.29 | 18.36 |
| Dividend Payout % | 15% | 25% | 13% | 3% | 15% | 11% | -7% | 15% | 24% | 40% | 22% | 12% |
YoY Net Profit Growth
| Year | 2014-2015 | 2015-2016 | 2016-2017 | 2017-2018 | 2018-2019 | 2019-2020 | 2020-2021 | 2021-2022 | 2022-2023 | 2023-2024 | 2024-2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| YoY Net Profit Growth (%) | -37.78% | 96.43% | 405.45% | -77.34% | 31.75% | -303.61% | 187.57% | -35.14% | -39.58% | 84.48% | 75.70% |
| Change in YoY Net Profit Growth (%) | 0.00% | 134.21% | 309.03% | -482.79% | 109.08% | -335.36% | 491.19% | -222.71% | -4.45% | 124.07% | -8.78% |
Heritage Foods Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.
Growth
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 7% |
| 5 Years: | 9% |
| 3 Years: | 16% |
| TTM: | 9% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 20% |
| 5 Years: | 26% |
| 3 Years: | 22% |
| TTM: | 19% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 18% |
| 5 Years: | 23% |
| 3 Years: | 43% |
| 1 Year: | -17% |
| Return on Equity | |
|---|---|
| 10 Years: | 14% |
| 5 Years: | 17% |
| 3 Years: | 14% |
| Last Year: | 20% |
Last Updated: September 5, 2025, 5:55 am
Balance Sheet
Last Updated: July 25, 2025, 3:06 pm
| Month | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 23 | 23 | 23 | 23 | 23 | 23 | 23 | 23 | 23 | 46 | 46 | 46 |
| Reserves | 156 | 170 | 217 | 568 | 754 | 779 | 436 | 573 | 634 | 679 | 762 | 926 |
| Borrowings | 142 | 157 | 126 | 158 | 280 | 299 | 306 | 69 | 19 | 168 | 132 | 175 |
| Other Liabilities | 172 | 175 | 209 | 247 | 649 | 533 | 223 | 214 | 226 | 231 | 341 | 412 |
| Total Liabilities | 492 | 526 | 575 | 996 | 1,707 | 1,635 | 988 | 879 | 903 | 1,125 | 1,281 | 1,558 |
| Fixed Assets | 271 | 281 | 312 | 296 | 433 | 476 | 481 | 580 | 579 | 622 | 704 | 748 |
| CWIP | 11 | 9 | 10 | 8 | 9 | 42 | 77 | 18 | 8 | 20 | 20 | 68 |
| Investments | 1 | 1 | 1 | 478 | 1,002 | 835 | 152 | 13 | 18 | 15 | 140 | 196 |
| Other Assets | 209 | 235 | 252 | 214 | 263 | 282 | 278 | 267 | 298 | 469 | 416 | 547 |
| Total Assets | 492 | 526 | 575 | 996 | 1,707 | 1,635 | 988 | 879 | 903 | 1,125 | 1,281 | 1,558 |
Below is a detailed analysis of the balance sheet data for Heritage Foods Ltd based on the most recent figures (Mar 2025) and their trends compared to the previous period:
- For Equity Capital, as of Mar 2025, the value is 46.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2024) which recorded 46.00 Cr..
- For Reserves, as of Mar 2025, the value is 926.00 Cr.. The value appears strong and on an upward trend. It has increased from 762.00 Cr. (Mar 2024) to 926.00 Cr., marking an increase of 164.00 Cr..
- For Borrowings, as of Mar 2025, the value is 175.00 Cr.. The value appears to be increasing, which may not be favorable. Additionally, since Reserves exceed Borrowings, this is considered a positive sign. It has increased from 132.00 Cr. (Mar 2024) to 175.00 Cr., marking an increase of 43.00 Cr..
- For Other Liabilities, as of Mar 2025, the value is 412.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 341.00 Cr. (Mar 2024) to 412.00 Cr., marking an increase of 71.00 Cr..
- For Total Liabilities, as of Mar 2025, the value is 1,558.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 1,281.00 Cr. (Mar 2024) to 1,558.00 Cr., marking an increase of 277.00 Cr..
- For Fixed Assets, as of Mar 2025, the value is 748.00 Cr.. The value appears strong and on an upward trend. It has increased from 704.00 Cr. (Mar 2024) to 748.00 Cr., marking an increase of 44.00 Cr..
- For CWIP, as of Mar 2025, the value is 68.00 Cr.. The value appears strong and on an upward trend. It has increased from 20.00 Cr. (Mar 2024) to 68.00 Cr., marking an increase of 48.00 Cr..
- For Investments, as of Mar 2025, the value is 196.00 Cr.. The value appears strong and on an upward trend. It has increased from 140.00 Cr. (Mar 2024) to 196.00 Cr., marking an increase of 56.00 Cr..
- For Other Assets, as of Mar 2025, the value is 547.00 Cr.. The value appears strong and on an upward trend. It has increased from 416.00 Cr. (Mar 2024) to 547.00 Cr., marking an increase of 131.00 Cr..
- For Total Assets, as of Mar 2025, the value is 1,558.00 Cr.. The value appears strong and on an upward trend. It has increased from 1,281.00 Cr. (Mar 2024) to 1,558.00 Cr., marking an increase of 277.00 Cr..
Notably, the Reserves (926.00 Cr.) exceed the Borrowings (175.00 Cr.), indicating a solid financial buffer.
Overall, while many items appear to show a positive trend, any significant downward movement or items where Borrowings exceed Reserves warrant further investigation.
Cash Flow - No data available for this post.
Free Cash Flow
| Month | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Free Cash Flow | -45.00 | -73.00 | 6.00 | -24.00 | -535.00 | -242.00 | -688.00 | 192.00 | 167.00 | -36.00 | 71.00 | 151.00 |
Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)
Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.
Financial Efficiency Indicators
| Month | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 4 | 4 | 4 | 3 | 2 | 6 | 3 | 2 | 3 | 3 | 3 | 3 |
| Inventory Days | 29 | 31 | 28 | 31 | 31 | 27 | 24 | 41 | 38 | 56 | 33 | 44 |
| Days Payable | 19 | 17 | 16 | 15 | 13 | 13 | 10 | 7 | 9 | 11 | 18 | 21 |
| Cash Conversion Cycle | 14 | 18 | 16 | 19 | 19 | 20 | 17 | 36 | 31 | 47 | 18 | 26 |
| Working Capital Days | -21 | -13 | -8 | -18 | -22 | -18 | -15 | 4 | 10 | 13 | 1 | 5 |
| ROCE % | 26% | 17% | 29% | 64% | 12% | 14% | -14% | 31% | 21% | 10% | 16% | 25% |
Mutual Fund Holdings
| Fund Name | No of Shares | AUM (%) | Amount Invested (Cr) | Previous Number of Shares | Previous Date | Percentage Change |
|---|---|---|---|---|---|---|
| DSP Small Cap Fund | 4,861,036 | 0.92 | 108.98 | 4,861,036 | 2025-04-22 15:56:57 | 0% |
| Kotak Multicap Fund | 3,064,055 | 1.08 | 68.7 | 3,064,055 | 2025-04-22 15:56:57 | 0% |
| Kotak Small Cap Fund - Regular Plan | 1,243,134 | 0.23 | 27.87 | 1,243,134 | 2025-04-22 17:25:33 | 0% |
| UTI Value Fund | 1,200,000 | 0.36 | 26.9 | 1,200,000 | 2025-04-22 15:56:57 | 0% |
| Aditya Birla Sun Life Business Cycle Fund | 772,685 | 1.15 | 17.32 | 772,685 | 2025-04-22 15:56:57 | 0% |
| Bandhan Small Cap Fund | 719,130 | 0.72 | 16.12 | 719,130 | 2025-04-22 17:25:33 | 0% |
| L&T Focused Equity Fund | 353,000 | 1.12 | 10.64 | 353,000 | 2025-04-22 17:25:33 | 0% |
| Aditya Birla Sun Life Balanced Advantage Fund | 174,250 | 0.06 | 3.91 | 174,250 | 2025-04-22 15:56:57 | 0% |
| UTI Conservative Hybrid Fund | 50,000 | 0.07 | 1.12 | 50,000 | 2025-04-22 17:25:33 | 0% |
| Motilal Oswal Nifty Microcap 250 Index Fund | 42,332 | 0.21 | 0.95 | 42,332 | 2025-04-22 15:56:57 | 0% |
Key Financial Ratios
| Month | Mar 25 | Mar 24 | Mar 23 | Mar 22 | Mar 21 |
|---|---|---|---|---|---|
| FaceValue | 5.00 | 5.00 | 5.00 | 5.00 | 5.00 |
| Basic EPS (Rs.) | 20.29 | 11.48 | 6.33 | 20.81 | 32.32 |
| Diluted EPS (Rs.) | 20.29 | 11.48 | 6.33 | 20.81 | 32.32 |
| Cash EPS (Rs.) | 28.53 | 18.74 | 13.22 | 33.26 | 42.40 |
| Book Value[Excl.RevalReserv]/Share (Rs.) | 104.74 | 87.09 | 78.22 | 141.72 | 128.52 |
| Book Value[Incl.RevalReserv]/Share (Rs.) | 104.74 | 87.09 | 78.22 | 141.72 | 128.52 |
| Revenue From Operations / Share (Rs.) | 445.56 | 408.84 | 349.22 | 577.89 | 533.02 |
| PBDIT / Share (Rs.) | 38.67 | 23.87 | 16.20 | 43.56 | 58.22 |
| PBIT / Share (Rs.) | 31.17 | 17.32 | 10.15 | 32.31 | 48.26 |
| PBT / Share (Rs.) | 28.57 | 16.34 | 9.73 | 29.48 | 44.13 |
| Net Profit / Share (Rs.) | 21.03 | 12.19 | 7.17 | 22.01 | 32.44 |
| NP After MI And SOA / Share (Rs.) | 20.29 | 11.48 | 6.25 | 20.81 | 32.32 |
| PBDIT Margin (%) | 8.67 | 5.83 | 4.63 | 7.53 | 10.92 |
| PBIT Margin (%) | 6.99 | 4.23 | 2.90 | 5.59 | 9.05 |
| PBT Margin (%) | 6.41 | 3.99 | 2.78 | 5.10 | 8.27 |
| Net Profit Margin (%) | 4.72 | 2.98 | 2.05 | 3.80 | 6.08 |
| NP After MI And SOA Margin (%) | 4.55 | 2.80 | 1.78 | 3.60 | 6.06 |
| Return on Networth / Equity (%) | 19.37 | 13.18 | 7.98 | 14.68 | 25.16 |
| Return on Capital Employeed (%) | 24.47 | 16.49 | 11.61 | 20.82 | 33.39 |
| Return On Assets (%) | 12.08 | 8.31 | 5.15 | 10.69 | 17.06 |
| Long Term Debt / Equity (X) | 0.11 | 0.09 | 0.01 | 0.01 | 0.05 |
| Total Debt / Equity (X) | 0.14 | 0.11 | 0.18 | 0.01 | 0.06 |
| Asset Turnover Ratio (%) | 2.91 | 3.15 | 3.17 | 2.99 | 2.61 |
| Current Ratio (X) | 1.82 | 1.71 | 1.44 | 1.59 | 1.25 |
| Quick Ratio (X) | 0.87 | 0.85 | 0.23 | 0.46 | 0.29 |
| Inventory Turnover Ratio (X) | 10.00 | 9.03 | 9.43 | 10.18 | 10.68 |
| Dividend Payout Ratio (NP) (%) | 12.32 | 21.77 | 20.00 | 36.03 | 7.73 |
| Dividend Payout Ratio (CP) (%) | 8.99 | 13.86 | 10.16 | 23.39 | 5.91 |
| Earning Retention Ratio (%) | 87.68 | 78.23 | 80.00 | 63.97 | 92.27 |
| Cash Earning Retention Ratio (%) | 91.01 | 86.14 | 89.84 | 76.61 | 94.09 |
| Interest Coverage Ratio (X) | 23.25 | 24.45 | 38.52 | 50.44 | 14.08 |
| Interest Coverage Ratio (Post Tax) (X) | 14.21 | 13.48 | 18.04 | 28.87 | 8.89 |
| Enterprise Value (Cr.) | 3641.23 | 3135.76 | 1455.63 | 1459.92 | 1375.15 |
| EV / Net Operating Revenue (X) | 0.88 | 0.82 | 0.44 | 0.54 | 0.55 |
| EV / EBITDA (X) | 10.15 | 14.16 | 9.68 | 7.22 | 5.09 |
| MarketCap / Net Operating Revenue (X) | 0.86 | 0.82 | 0.41 | 0.55 | 0.55 |
| Retention Ratios (%) | 87.67 | 78.22 | 79.99 | 63.96 | 92.26 |
| Price / BV (X) | 3.68 | 3.87 | 1.85 | 2.26 | 2.29 |
| Price / Net Operating Revenue (X) | 0.86 | 0.82 | 0.41 | 0.55 | 0.55 |
| EarningsYield | 0.05 | 0.03 | 0.04 | 0.06 | 0.11 |
After reviewing the key financial ratios for Heritage Foods Ltd, here is a detailed analysis based on the latest available data and recent trends:
- For FaceValue, as of Mar 25, the value is 5.00. This value is within the healthy range. There is no change compared to the previous period (Mar 24) which recorded 5.00.
- For Basic EPS (Rs.), as of Mar 25, the value is 20.29. This value is within the healthy range. It has increased from 11.48 (Mar 24) to 20.29, marking an increase of 8.81.
- For Diluted EPS (Rs.), as of Mar 25, the value is 20.29. This value is within the healthy range. It has increased from 11.48 (Mar 24) to 20.29, marking an increase of 8.81.
- For Cash EPS (Rs.), as of Mar 25, the value is 28.53. This value is within the healthy range. It has increased from 18.74 (Mar 24) to 28.53, marking an increase of 9.79.
- For Book Value[Excl.RevalReserv]/Share (Rs.), as of Mar 25, the value is 104.74. It has increased from 87.09 (Mar 24) to 104.74, marking an increase of 17.65.
- For Book Value[Incl.RevalReserv]/Share (Rs.), as of Mar 25, the value is 104.74. It has increased from 87.09 (Mar 24) to 104.74, marking an increase of 17.65.
- For Revenue From Operations / Share (Rs.), as of Mar 25, the value is 445.56. It has increased from 408.84 (Mar 24) to 445.56, marking an increase of 36.72.
- For PBDIT / Share (Rs.), as of Mar 25, the value is 38.67. This value is within the healthy range. It has increased from 23.87 (Mar 24) to 38.67, marking an increase of 14.80.
- For PBIT / Share (Rs.), as of Mar 25, the value is 31.17. This value is within the healthy range. It has increased from 17.32 (Mar 24) to 31.17, marking an increase of 13.85.
- For PBT / Share (Rs.), as of Mar 25, the value is 28.57. This value is within the healthy range. It has increased from 16.34 (Mar 24) to 28.57, marking an increase of 12.23.
- For Net Profit / Share (Rs.), as of Mar 25, the value is 21.03. This value is within the healthy range. It has increased from 12.19 (Mar 24) to 21.03, marking an increase of 8.84.
- For NP After MI And SOA / Share (Rs.), as of Mar 25, the value is 20.29. This value is within the healthy range. It has increased from 11.48 (Mar 24) to 20.29, marking an increase of 8.81.
- For PBDIT Margin (%), as of Mar 25, the value is 8.67. This value is below the healthy minimum of 10. It has increased from 5.83 (Mar 24) to 8.67, marking an increase of 2.84.
- For PBIT Margin (%), as of Mar 25, the value is 6.99. This value is below the healthy minimum of 10. It has increased from 4.23 (Mar 24) to 6.99, marking an increase of 2.76.
- For PBT Margin (%), as of Mar 25, the value is 6.41. This value is below the healthy minimum of 10. It has increased from 3.99 (Mar 24) to 6.41, marking an increase of 2.42.
- For Net Profit Margin (%), as of Mar 25, the value is 4.72. This value is below the healthy minimum of 5. It has increased from 2.98 (Mar 24) to 4.72, marking an increase of 1.74.
- For NP After MI And SOA Margin (%), as of Mar 25, the value is 4.55. This value is below the healthy minimum of 8. It has increased from 2.80 (Mar 24) to 4.55, marking an increase of 1.75.
- For Return on Networth / Equity (%), as of Mar 25, the value is 19.37. This value is within the healthy range. It has increased from 13.18 (Mar 24) to 19.37, marking an increase of 6.19.
- For Return on Capital Employeed (%), as of Mar 25, the value is 24.47. This value is within the healthy range. It has increased from 16.49 (Mar 24) to 24.47, marking an increase of 7.98.
- For Return On Assets (%), as of Mar 25, the value is 12.08. This value is within the healthy range. It has increased from 8.31 (Mar 24) to 12.08, marking an increase of 3.77.
- For Long Term Debt / Equity (X), as of Mar 25, the value is 0.11. This value is below the healthy minimum of 0.2. It has increased from 0.09 (Mar 24) to 0.11, marking an increase of 0.02.
- For Total Debt / Equity (X), as of Mar 25, the value is 0.14. This value is within the healthy range. It has increased from 0.11 (Mar 24) to 0.14, marking an increase of 0.03.
- For Asset Turnover Ratio (%), as of Mar 25, the value is 2.91. It has decreased from 3.15 (Mar 24) to 2.91, marking a decrease of 0.24.
- For Current Ratio (X), as of Mar 25, the value is 1.82. This value is within the healthy range. It has increased from 1.71 (Mar 24) to 1.82, marking an increase of 0.11.
- For Quick Ratio (X), as of Mar 25, the value is 0.87. This value is below the healthy minimum of 1. It has increased from 0.85 (Mar 24) to 0.87, marking an increase of 0.02.
- For Inventory Turnover Ratio (X), as of Mar 25, the value is 10.00. This value exceeds the healthy maximum of 8. It has increased from 9.03 (Mar 24) to 10.00, marking an increase of 0.97.
- For Dividend Payout Ratio (NP) (%), as of Mar 25, the value is 12.32. This value is below the healthy minimum of 20. It has decreased from 21.77 (Mar 24) to 12.32, marking a decrease of 9.45.
- For Dividend Payout Ratio (CP) (%), as of Mar 25, the value is 8.99. This value is below the healthy minimum of 20. It has decreased from 13.86 (Mar 24) to 8.99, marking a decrease of 4.87.
- For Earning Retention Ratio (%), as of Mar 25, the value is 87.68. This value exceeds the healthy maximum of 70. It has increased from 78.23 (Mar 24) to 87.68, marking an increase of 9.45.
- For Cash Earning Retention Ratio (%), as of Mar 25, the value is 91.01. This value exceeds the healthy maximum of 70. It has increased from 86.14 (Mar 24) to 91.01, marking an increase of 4.87.
- For Interest Coverage Ratio (X), as of Mar 25, the value is 23.25. This value is within the healthy range. It has decreased from 24.45 (Mar 24) to 23.25, marking a decrease of 1.20.
- For Interest Coverage Ratio (Post Tax) (X), as of Mar 25, the value is 14.21. This value is within the healthy range. It has increased from 13.48 (Mar 24) to 14.21, marking an increase of 0.73.
- For Enterprise Value (Cr.), as of Mar 25, the value is 3,641.23. It has increased from 3,135.76 (Mar 24) to 3,641.23, marking an increase of 505.47.
- For EV / Net Operating Revenue (X), as of Mar 25, the value is 0.88. This value is below the healthy minimum of 1. It has increased from 0.82 (Mar 24) to 0.88, marking an increase of 0.06.
- For EV / EBITDA (X), as of Mar 25, the value is 10.15. This value is within the healthy range. It has decreased from 14.16 (Mar 24) to 10.15, marking a decrease of 4.01.
- For MarketCap / Net Operating Revenue (X), as of Mar 25, the value is 0.86. This value is below the healthy minimum of 1. It has increased from 0.82 (Mar 24) to 0.86, marking an increase of 0.04.
- For Retention Ratios (%), as of Mar 25, the value is 87.67. This value exceeds the healthy maximum of 70. It has increased from 78.22 (Mar 24) to 87.67, marking an increase of 9.45.
- For Price / BV (X), as of Mar 25, the value is 3.68. This value exceeds the healthy maximum of 3. It has decreased from 3.87 (Mar 24) to 3.68, marking a decrease of 0.19.
- For Price / Net Operating Revenue (X), as of Mar 25, the value is 0.86. This value is below the healthy minimum of 1. It has increased from 0.82 (Mar 24) to 0.86, marking an increase of 0.04.
- For EarningsYield, as of Mar 25, the value is 0.05. This value is below the healthy minimum of 5. It has increased from 0.03 (Mar 24) to 0.05, marking an increase of 0.02.
Overall, while many metrics show healthy performance, any figures highlighted in red or significant downward trends warrant further investigation.
Strength and Weakness
| Strength | Weakness |
|---|---|
|
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Stock Analysis
- Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Heritage Foods Ltd:
- Net Profit Margin: 4.72%
- Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
- ROCE: 24.47% (Industry Average ROCE: 17.99%)
- ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
- ROE%: 19.37% (Industry Average ROE: 15.49%)
- ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
- Interest Coverage Ratio (Post Tax): 14.21
- Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
- Quick Ratio: 0.87
- Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
- Stock P/E: 26.2 (Industry average Stock P/E: 69.44)
- Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
- Total Debt / Equity: 0.14
- Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
Stock Rating: - Net Profit Margin: 4.72%
About the Company - Qualitative Analysis
| INDUSTRY | ADDRESS | CONTACT |
|---|---|---|
| Milk & Milk Products | H. No. 8-2-293/82/A/1286, Plot No. 1286, Hyderabad Telangana 500033 | hfl@heritagefoods.in http://www.heritagefoods.in |
| Management | |
|---|---|
| Name | Position Held |
| Mr. A V Girija Kumar | Chairperson (NonExe.&Ind.Director) |
| Mrs. N Bhuvaneswari | Vice Chairperson & M.D |
| Mrs. N Brahmani | Executive Director |
| Mrs. Aparna Surabhi | Ind. Non-Executive Woman Director |
| Mr. M P Vijay Kumar | Ind. Non-Executive Director |
| Mr. Rajesh Thakur Ahuja | Ind. Non-Executive Director |
| Dr. M Sambasiva Rao | Whole Time Director |
FAQ
What is the intrinsic value of Heritage Foods Ltd?
Heritage Foods Ltd's intrinsic value (as of 03 November 2025) is 476.66 which is 1.72% lower the current market price of 485.00, indicating overvalued. Calculated using the PE ratio method, this valuation considers the company's 4,499 Cr. market cap, FY2025-2026 high/low of 542/352, reserves of ₹926 Cr, and liabilities of 1,558 Cr.
What is the Market Cap of Heritage Foods Ltd?
The Market Cap of Heritage Foods Ltd is 4,499 Cr..
What is the current Stock Price of Heritage Foods Ltd as on 03 November 2025?
The current stock price of Heritage Foods Ltd as on 03 November 2025 is 485.
What is the High / Low of Heritage Foods Ltd stocks in FY 2025-2026?
In FY 2025-2026, the High / Low of Heritage Foods Ltd stocks is 542/352.
What is the Stock P/E of Heritage Foods Ltd?
The Stock P/E of Heritage Foods Ltd is 26.2.
What is the Book Value of Heritage Foods Ltd?
The Book Value of Heritage Foods Ltd is 112.
What is the Dividend Yield of Heritage Foods Ltd?
The Dividend Yield of Heritage Foods Ltd is 0.52 %.
What is the ROCE of Heritage Foods Ltd?
The ROCE of Heritage Foods Ltd is 25.3 %.
What is the ROE of Heritage Foods Ltd?
The ROE of Heritage Foods Ltd is 20.2 %.
What is the Face Value of Heritage Foods Ltd?
The Face Value of Heritage Foods Ltd is 5.00.