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MBEQU86

Heritage Foods Ltd

HERITGFOOD

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Market Cap

₹ 4,397 Cr

P/E

25.58


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Overview

Detailed Summary
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Heritage Foods Limited is a leading dairy company in India, engaged in processing and marketing milk and value-added dairy products.

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The company showed commendable resilience with a 9% YoY revenue growth despite a challenging monsoon season, highlighting its strategic agility and market positioning.

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The Value Added Products segment was a significant growth driver, contributing nearly 38% to total sales and recording an 18% YoY increase in revenue.

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Heritage Foods is expanding its VAP portfolio and capacity with a new ice cream facility set to enhance logistics and production efficiency.

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Recent GST rate cuts on dairy products are expected to bolster consumer demand and competitiveness, offering Heritage Foods a long-term advantage in market share and profitability.

Sector

FMCG

Industry

Food And Dairy Products - Indian - Large

Market Cap

4,397 Cr

Volatility

High Risk

P/E Ratio

25.6

Industry P/E

41.8

PEG Ratio

1.2

P/B Ratio

4.2

52W High

541.60

52W Low

355.55

Sales CAGR

1Y

8.98%

3Y

15.58%

5Y

8.76%

10Y

6.17%

Profit CAGR

1Y

76.71%

3Y

18.30%

5Y

10Y

13.12%

ROE

TTM

16.56%

3Y

14.08%

5Y

15.94%

10Y

11.08%

ROCE

TTM

19.76%

3Y

17.31%

5Y

19.97%

10Y

14.26%

Technicals

Oscillators

BearishNeutralBullish

Neutral

Bearish

3

Neutral

6

Bullish

5

Overall

BearishNeutralBullish

Bullish

Bearish

9

Neutral

6

Bullish

31

Moving Averages

BearishNeutralBullish

Bullish

Bearish

6

Neutral

0

Bullish

26

Overall

BearishNeutralBullish

Bullish

Bearish

9

Neutral

6

Bullish

31

Forecasts

No. of Analysts

8

No. of Analysts

1Y Price Target

586.50 ▲ 26.80%

1Y Price Target

Q3 EPS Estimate

Q3 EPS Estimate

Q3 Revenue Estimate

Q3 Revenue Estimate

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Price, EPS and Revenue Projections

forecasts-premiumforecasts-premium
Strong SellSellHoldBuyStrong Buy

Strong Buy

Strong Buy

3

Buy

3

Hold

2

Sell

0

Strong Sell

0

updated on

Dec 03, 2025

Financial Statements

AI Powered Summary

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Consolidated Quarterly Results (in ₹ Crores)

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Total Figures
QoQ Changes
Total Figures
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
Sales9249799419511,0331,0201,0341,0481,1371,113
Expenses8839318898809399369609691,0631,035
Operating Profit40475270948374807477
OPM %4.364.815.527.399.088.167.167.626.506.94
Other Income0.980.161.402.894.015.456.50-3.703.9615
Interest3.111.541.792.633.413.873.984.184.213.84
Depreciation15151616171718181920
Profit Before Tax24313655786759545568
Tax %28.8626.9225.3826.1424.8827.9226.8029.5626.2124.75
Net Profit17222741584943384151
EPS in Rs1.802.422.904.366.305.244.644.114.375.50

Consolidated Profit Loss (in ₹ Crores)

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Total Figures
YoY Changes
Total Figures
Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales2,6442,3732,5152,7262,4732,6813,2413,7944,1354,239
Expenses2,5022,6302,4613,1092,2112,4903,1023,5843,8043,928
Operating Profit142-25754-383262191138210331311
OPM %5.38-10.822.14-14.0510.607.124.275.528.007.34
Other Income6.004031403025.82-3.903.535.421212
Interest11182123194.013.909.061516
Depreciation38384550465256617072
Profit Before Tax9890128-15320313182145258235
Tax %32.0130.2035.04-10.0126.4026.1729.0826.5627.0927.61
Net Profit676383-1691499758107188170
EPS in Rs16.675.378.78-17.2816.1610.416.2411.4820.2918.62
Dividend Payout %13.8914.7811.40-7.2415.4747.3939.4921.7812.32

Consolidated Balance Sheet (in ₹ Crores)

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Total Figures
YoY Changes
Total Figures
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Equity Capital23232323232323464646
Reserves217277754779436573634679762926
Borrowings1051402462612614019168132174
Other Liabilities230216682571268242226231341412
Total Liabilities5756571,7071,6359888799031,1251,2811,558
Fixed Assets312297429472475575575617700743
CWIP9.597.888.734277188.04202068
Investments0.821491,006839158182219144200
Other Assets252203263282277267298469416547
Total Assets5756571,7071,6359888799031,1251,2811,558

Consolidated Cash Flows (in ₹ Crores)

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Total Figures
YoY Changes
Total Figures
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity125112121148117174148-61390214
Cash from Investing Activity-66-124-200-133-9769-42-83-252-229
Cash from Financing Activity-551455-3.29-22-191-93126-761.00
Net Cash Flow4.481.54-2312-2.045113-1762-14

Shareholdings

Shareholding History

Quarterly
Yearly
Quarterly
Feb 2023Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
Promoters41.58%41.58%41.58%41.58%41.30%41.30%41.30%41.30%41.30%41.30%41.30%41.30%
FIIs1.83%1.98%2.08%1.75%1.74%2.01%3.32%8.26%6.65%6.42%0.52%4.60%
DIIs15.91%15.90%15.88%14.48%11.97%11.74%3.91%3.88%3.98%4.05%9.77%4.32%
Public40.68%40.54%40.47%42.20%44.98%44.95%51.46%46.55%48.07%48.23%48.41%49.79%
Total Shareholders43,15943,31542,47452,55257,28756,2251,74,8491,37,0211,34,4761,35,6601,32,5481,31,804

Market Transactions

DatePartyCategoryTypeAvg Price (₹)Total Value (₹)QuantityPercent Traded
Jun 18, 2024Yuga stocks and commodities p...BulkBuy599.4048.05 Cr8,01,7030.86
Jun 18, 2024Yuga stocks and commodities p...BulkSell602.0145.86 Cr7,61,7030.82
Jun 13, 2024Setu securities pvt ltdBulkBuy599.3827.62 Cr4,60,7650.49
Jun 13, 2024Setu securities pvt ltdBulkSell603.4828.86 Cr4,78,2710.51
Jun 12, 2024Setu securities pvt ltdBulkBuy627.7338.50 Cr6,13,2640.66
Jun 12, 2024Setu securities pvt ltdBulkSell627.7324.68 Cr3,93,1610.42
Jun 10, 2024Setu securities pvt ltdBulkSell723.7168.84 Cr9,51,2391.02
Jun 10, 2024Mansi share and stock advisor...BulkBuy725.8645.55 Cr6,27,5760.67
Jun 10, 2024Mansi share and stock advisor...BulkSell726.8046.34 Cr6,37,5710.68
Jun 10, 2024Setu securities pvt ltdBulkBuy722.9773.22 Cr10,12,7071.09

Projection

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Documents

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Investor Presentation

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