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Last Updated on: 25 July, 2024
Author: Getaka|Social: Getaka Financial Services X (Earlier Twitter) Profile Getaka Financial Services LinkedIn Logo

Fundamental Analysis of Heritage Foods Ltd

About the Company - Heritage Foods Ltd

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Basic Stock Data of Heritage Foods Ltd

Last Updated: July 24, 2024, 11:13 pm

Market Cap 5,617 Cr.
Current Price 604
High / Low728/209
Stock P/E37.9
Book Value 87.1
Dividend Yield0.41 %
ROCE16.8 %
ROE13.9 %
Face Value 5.00
PEG Ratio0.41

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

Last Updated: July 10, 2024, 5:48 pm

Heritage Foods Ltd Quarterly Chart

Heritage Foods Ltd Profit & Loss

Last Updated: July 10, 2024, 5:48 pm

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:8%
5 Years:9%
3 Years:15%
TTM:17%
Compounded Profit Growth
10 Years:9%
5 Years:5%
3 Years:-10%
TTM:120%
Stock Price CAGR
10 Years:23%
5 Years:27%
3 Years:37%
1 Year:121%
Return on Equity
10 Years:14%
5 Years:8%
3 Years:13%
Last Year:14%

Last Updated: July 25, 2024, 5:12 am

Heritage Foods Ltd Balance Sheet

Last Updated: July 10, 2024, 5:48 pm

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 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity 977552125115121148117174148-61390
Cash from Investing Activity -29-62-47-66-126-200-133-9769-42-83-252
Cash from Financing Activity -65-1-8-55-1355-3-22-191-93126-76
Net Cash Flow312-44-24-2312-25113-1762

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

MonthSep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Promoters39.49%39.43%39.43%39.43%39.43%39.22%41.57%41.57%41.57%41.30%41.30%41.30%
FIIs3.47%3.97%1.62%2.04%2.39%2.06%1.98%2.07%1.74%1.73%2.01%3.33%
DIIs14.26%15.57%15.89%14.65%15.56%15.66%15.90%15.88%14.48%11.97%11.74%3.91%
Public42.78%41.04%43.06%43.89%42.61%43.06%40.55%40.48%42.20%44.99%44.96%51.48%
No. of Shareholders30,13533,68337,42039,31539,71940,01043,31542,47452,55257,28756,2251,74,849

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)Previous Number of SharesPrevious DatePercentage Change
DSP Small Cap Fund4,861,0360.92108.9842,3322024-07-2411383.12%
Kotak Multicap Fund3,064,0551.0868.742,3322024-07-247138.15%
Kotak Small Cap Fund - Regular Plan1,243,1340.2327.8742,3322024-07-242836.63%
UTI Value Fund1,200,0000.3626.942,3322024-07-242734.73%
Aditya Birla Sun Life Business Cycle Fund772,6851.1517.3242,3322024-07-241725.3%
Bandhan Small Cap Fund719,1300.7216.1242,3322024-07-241598.79%
L&T Focused Equity Fund353,0001.1210.6442,3322024-07-24733.88%
Aditya Birla Sun Life Balanced Advantage Fund174,2500.063.9142,3322024-07-24311.63%
UTI Conservative Hybrid Fund50,0000.071.1242,3322024-07-2418.11%
Motilal Oswal Nifty Microcap 250 Index Fund42,3320.210.9542,3322024-07-240%

Heritage Foods Ltd ROCE Trend

Heritage Foods Ltd EPS Trend

Heritage Foods Ltd Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue5.005.005.005.005.00
Basic EPS (Rs.)11.486.3320.8132.32-34.55
Diluted EPS (Rs.)11.486.3320.8132.32-34.55
Cash EPS (Rs.)18.7413.2233.2642.40-25.51
Book Value[Excl.RevalReserv]/Share (Rs.)87.0978.22141.72128.5299.52
Book Value[Incl.RevalReserv]/Share (Rs.)87.0978.22141.72128.5299.52
Revenue From Operations / Share (Rs.)408.84349.22577.89533.02587.50
PBDIT / Share (Rs.)23.8716.2043.5658.22-17.18
PBIT / Share (Rs.)17.3210.1532.3148.26-27.98
PBT / Share (Rs.)16.349.7329.4844.13-32.86
Net Profit / Share (Rs.)12.197.1722.0132.44-36.32
NP After MI And SOA / Share (Rs.)11.486.2520.8132.32-34.55
PBDIT Margin (%)5.834.637.5310.92-2.92
PBIT Margin (%)4.232.905.599.05-4.76
PBT Margin (%)3.992.785.108.27-5.59
Net Profit Margin (%)2.982.053.806.08-6.18
NP After MI And SOA Margin (%)2.801.783.606.06-5.88
Return on Networth / Equity (%)13.187.9814.6825.16-34.88
Return on Capital Employeed (%)16.4911.6120.8233.39-19.42
Return On Assets (%)8.315.1510.6917.06-16.22
Long Term Debt / Equity (X)0.090.010.010.050.37
Total Debt / Equity (X)0.110.180.010.060.56
Asset Turnover Ratio (%)3.153.172.992.612.07
Current Ratio (X)1.711.441.591.250.84
Quick Ratio (X)0.850.230.460.290.38
Inventory Turnover Ratio (X)9.039.4310.1810.6815.66
Dividend Payout Ratio (NP) (%)0.0020.0036.037.73-5.78
Dividend Payout Ratio (CP) (%)0.0010.1623.395.91-8.42
Earning Retention Ratio (%)0.0080.0063.9792.27105.78
Cash Earning Retention Ratio (%)0.0089.8476.6194.09108.42
Interest Coverage Ratio (X)24.4538.5250.4414.08-3.52
Interest Coverage Ratio (Post Tax) (X)13.4818.0428.878.89-6.41
Enterprise Value (Cr.)3135.761455.631459.921375.151193.54
EV / Net Operating Revenue (X)0.820.440.540.550.43
EV / EBITDA (X)14.169.687.225.09-14.97
MarketCap / Net Operating Revenue (X)0.820.410.550.550.36
Retention Ratios (%)0.0079.9963.9692.26105.78
Price / BV (X)3.871.852.262.292.15
Price / Net Operating Revenue (X)0.820.410.550.550.36
EarningsYield0.030.040.060.11-0.16

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

Fair Value: 460.73

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

Overvalued: 23.72% compared to the current price 604

Intrinsic Value: 883.23

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Undervalued: 46.23% compared to the current price 604

Last 5 Year EPS CAGR: 91.70%

*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 (486.25 cr) compared to borrowings (165.17 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 has a high average Cash Conversion Cycle of 22.08, which may not be favorable.

FAQ

What is the latest fair value of Heritage Foods Ltd?

The latest fair value of Heritage Foods Ltd is ₹460.73.

What is the Market Cap of Heritage Foods Ltd?

The Market Cap of Heritage Foods Ltd is 5,617 Cr..

What is the current Stock Price of Heritage Foods Ltd as on 25 July 2024?

The current stock price of Heritage Foods Ltd as on 25 July 2024 is 604.

What is the High / Low of Heritage Foods Ltd stocks in FY 2024?

In FY 2024, the High / Low of Heritage Foods Ltd stocks is 728/209.

What is the Stock P/E of Heritage Foods Ltd?

The Stock P/E of Heritage Foods Ltd is 37.9.

What is the Book Value of Heritage Foods Ltd?

The Book Value of Heritage Foods Ltd is 87.1.

What is the Dividend Yield of Heritage Foods Ltd?

The Dividend Yield of Heritage Foods Ltd is 0.41 %.

What is the ROCE of Heritage Foods Ltd?

The ROCE of Heritage Foods Ltd is 16.8 %.

What is the ROE of Heritage Foods Ltd?

The ROE of Heritage Foods Ltd is 13.9 %.

What is the Face Value of Heritage Foods Ltd?

The Face Value of Heritage Foods Ltd is 5.00.

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