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Last Updated on: 22 February, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Heritage Foods Ltd

About the Company - Heritage Foods Ltd

Heritage Foods Ltd. is a Public Limited Listed company incorporated on 05/06/1992 and has its registered office in the State of Andhra Pradesh, India. Company’s Corporate Identification Number(CIN) is L15209TG1992PLC014332 and registration number is 014332. Currently Company is involved in the business activities of Electric power generation, transmission and distribution. Company’s Total Operating Revenue is Rs. 2642.92 Cr. and Equity Capital is Rs. 23.20 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Food Processing - Bakery/Dairy/Fruits/OthersH. No. 8-2-293/82/A/1286 , Plot No. 1286, Hyderabad Telangana 500033hfl@heritagefoods.in
http://www.heritagefoods.in
Management
NamePosition Held
Mrs. Nara BhuvaneswariVice Chairperson & M.D
Mrs. Brahmani NaraExecutive Director
Dr. V Nagaraja NaiduNon Executive Director
Mrs. Aparna SurabhiInd. Non-Executive Woman Director
Mr. Rajesh Thakur AhujaInd. Non-Executive Director
Mr. N Sri Vishnu RajuInd. Non-Executive Director
Mr. M P Vijay KumarInd. Non-Executive Director
Mr. A V Girija KumarInd. Non-Executive Director

Heritage Foods Ltd. Share Price Update

Share PriceValue
Today₹326.70
Previous Day₹314.60

Basic Stock Data of Heritage Foods Ltd

Market Cap 2,969 Cr.
Current Price 320
High / Low343/135
Stock P/E35.3
Book Value 79.9
Dividend Yield0.77 %
ROCE10.6 %
ROE7.91 %
Face Value 5.00

Data Source: screener.in

Heritage Foods Ltd Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales610605619648670667696821816786818924979
Expenses574548575596607628666799779755778885933
Operating Profit36574452643930223831403945
OPM %6%9%7%8%10%6%4%3%5%4%5%4%5%
Other Income2143-632333332
Interest5531111100232
Depreciation11111213131313131414151515
Profit before tax22423341432918112619262431
Tax %89%37%26%26%25%28%29%31%28%28%31%29%27%
Net Profit226243033211271914181722
EPS in Rs0.292.842.623.263.532.241.370.782.051.481.931.802.41

Heritage Foods Ltd Quarterly Chart

Heritage Foods Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales1,3931,6021,7222,0732,3811,8942,3732,5152,7262,4732,6813,2413,506
Expenses1,3391,4971,6251,9892,2481,7612,6282,4583,1082,2122,4953,1093,352
Operating Profit551059784132134-25557-382261186132154
OPM %4%7%6%4%6%7%-11%2%-14%11%7%4%4%
Other Income20475251402138303721211
Interest22191518174920232421668
Depreciation21222534352538455046525658
Profit before tax136461398631090127-1542021308299
Tax %32%22%26%28%36%10%30%35%-10%26%26%29%
Net Profit9504528552786383-169148965871
EPS in Rs0.995.384.883.065.9729.646.768.77-17.2716.1610.416.257.62
Dividend Payout %25%7%15%25%13%3%15%11%-7%15%24%40%

Heritage Foods Ltd Profit & Loss Yearly Chart

Heritage Foods Ltd Growth

Compounded Sales Growth
10 Years:7%
5 Years:6%
3 Years:6%
TTM:17%
Compounded Profit Growth
10 Years:0%
5 Years:-3%
3 Years:33%
TTM:59%
Stock Price CAGR
10 Years:20%
5 Years:7%
3 Years:25%
1 Year:119%
Return on Equity
10 Years:14%
5 Years:7%
3 Years:16%
Last Year:8%

Heritage Foods Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital12122323232323232323234646
Reserves81130156170217564751776433569631676695
Borrowings140126142157126158280299306691916857
Other Liabilities176143172175209250652536226217229234263
Total Liabilities4104114925265759961,7071,6359888799031,1251,062
Fixed Assets230237271281312296433476481580579622635
CWIP98119108942771882015
Investments011114781,00283515213181591
Other Assets170165209235252214263282278267298469320
Total Assets4104114925265759961,7071,6359888799031,1251,062

Heritage Foods Ltd Reserves and Borrowings Chart

Heritage Foods Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 60977552125115121148117174148-61
Cash from Investing Activity -26-29-62-47-66-126-200-133-9769-42-83
Cash from Financing Activity -31-65-1-8-55-1355-3-22-191-93126
Net Cash Flow3312-44-24-2312-25113-17

Heritage Foods Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days334443263233
Inventory Days322429312831312724413855
Days Payable221719171615131310797
Cash Conversion Cycle121114181619192017363152
Working Capital Days-7-7-22-2-5-6-4-391129
ROCE %15%35%26%17%29%64%12%14%-14%31%21%11%

Heritage Foods Ltd Financial Efficiency Indicators Chart

Heritage Foods Ltd Share Holding Pattern

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Promoters39.90%39.90%39.90%39.49%39.43%39.43%39.43%39.43%39.22%41.57%41.57%41.57%
FIIs4.55%3.79%2.84%3.47%3.97%1.62%2.04%2.39%2.06%1.98%2.07%1.74%
DIIs15.46%13.51%13.93%14.26%15.57%15.89%14.65%15.56%15.66%15.90%15.88%14.48%
Public40.10%42.80%43.33%42.78%41.04%43.06%43.89%42.61%43.06%40.55%40.48%42.20%
No. of Shareholders24,99024,71530,03830,13533,68337,42039,31539,71940,01043,31542,47452,552

Heritage Foods Ltd Shareholding Pattern Chart

No. of Heritage Foods Ltd Shareholders

Heritage Foods Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)
DSP Small Cap Fund48610360.92108.98
Kotak Multicap Fund30640551.0868.7
Kotak Small Cap Fund - Regular Plan12431340.2327.87
UTI Value Fund12000000.3626.9
Aditya Birla Sun Life Business Cycle Fund7726851.1517.32
Bandhan Small Cap Fund7191300.7216.12
L&T Focused Equity Fund3530001.1210.64
Aditya Birla Sun Life Balanced Advantage Fund1742500.063.91
UTI Conservative Hybrid Fund500000.071.12
Motilal Oswal Nifty Microcap 250 Index Fund423320.210.95

Heritage Foods Ltd ROCE Trend

Heritage Foods Ltd EPS Trend

Heritage Foods Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue5.005.005.005.005.00
Basic EPS (Rs.)6.3320.8132.32-34.5517.55
Diluted EPS (Rs.)6.3320.8132.32-34.5517.55
Cash EPS (Rs.)13.2233.2642.40-25.5127.51
Book Value[Excl.RevalReserv]/Share (Rs.)78.22141.72128.5299.52175.50
Book Value[Incl.RevalReserv]/Share (Rs.)78.22141.72128.5299.52175.50
Revenue From Operations / Share (Rs.)349.22577.89533.02587.50542.00
PBDIT / Share (Rs.)16.2043.5658.22-17.1841.82
PBIT / Share (Rs.)10.1532.3148.26-27.9832.20
PBT / Share (Rs.)9.7329.4844.13-32.8627.57
Net Profit / Share (Rs.)7.1722.0132.44-36.3217.89
NP After MI And SOA / Share (Rs.)6.2520.8132.32-34.5517.55
PBDIT Margin (%)4.637.5310.92-2.927.71
PBIT Margin (%)2.905.599.05-4.765.94
PBT Margin (%)2.785.108.27-5.595.08
Net Profit Margin (%)2.053.806.08-6.183.30
NP After MI And SOA Margin (%)1.783.606.06-5.883.23
Return on Networth / Equity (%)7.9814.6825.16-34.8810.14
Return on Capital Employeed (%)11.6120.8233.39-19.4211.41
Return On Assets (%)5.1510.6917.06-16.224.98
Long Term Debt / Equity (X)0.010.010.050.370.20
Total Debt / Equity (X)0.180.010.060.560.32
Asset Turnover Ratio (%)3.172.992.612.071.50
Current Ratio (X)1.441.591.250.840.84
Quick Ratio (X)0.230.460.290.380.41
Inventory Turnover Ratio (X)9.4310.1810.6815.6612.84
Dividend Payout Ratio (NP) (%)20.0036.037.73-5.7811.39
Dividend Payout Ratio (CP) (%)10.1623.395.91-8.427.35
Earning Retention Ratio (%)80.0063.9792.27105.7888.61
Cash Earning Retention Ratio (%)89.8476.6194.09108.4292.65
Interest Coverage Ratio (X)38.5250.4414.08-3.529.03
Interest Coverage Ratio (Post Tax) (X)18.0428.878.89-6.414.87
Enterprise Value (Cr.)1455.631459.921375.151193.542725.18
EV / Net Operating Revenue (X)0.440.540.550.431.08
EV / EBITDA (X)9.687.225.09-14.9714.04
MarketCap / Net Operating Revenue (X)0.410.550.550.361.00
Retention Ratios (%)79.9963.9692.26105.7888.60
Price / BV (X)1.852.262.292.153.15
Price / Net Operating Revenue (X)0.410.550.550.361.00
EarningsYield0.040.060.11-0.160.03

Heritage Foods Ltd Profitability Ratios (%)

Heritage Foods Ltd Liquidity Ratios

Heritage Foods Ltd Liquidity Ratios (%)

Heritage Foods Ltd Interest Coverage Ratios (%)

Heritage Foods Ltd Valuation Ratios

Fair Value of Heritage Foods Ltd Stock

Fair Value: ₹224.82

The stock is overvalued by 29.74% compared to the current price ₹320

*Investments are subject to market risks

Strength and Weakness of Heritage Foods Ltd Stock

StrengthWeakness
  1. The stock has a high average ROCE of 21.75%, which is a positive sign.
  2. The stock has a low average Working Capital Days of 1.25, which is a positive sign.
  3. The company has higher reserves (449.92 cr) compared to borrowings (157.46 cr), indicating strong financial stability.
  4. The company has shown consistent growth in sales (1.85 cr) and profit (88.38 cr) over the years.
  1. The stock is trading at a high valuation with an average P/B ratio of 18.99 and average Dividend Yield of 3.74%.
  2. The stock has a high average Cash Conversion Cycle of 22.08, which may not be favorable.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Heritage Foods Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE