Heritage Foods Ltd.

HERITGFOOD

₹430.45

3.45% (14.35)

Market Cap

₹3,994 Cr.

P/E

21.21

About

The Heritage Foods Limited was founded by Mr. Nara Chandrababu Naidu in the year 1992, which is one of the fastest growing Public Listed Companies in India, with two business divisions - Dairy and Ren… Read more

The Heritage Foods Limited was founded by Mr. Nara Chandrababu Naidu in the year 1992, which i… Read more

Low

352

52W Range

High

727

Timeline

Key company specific updates

Company Timeline

Custom financial statementNew

Edit rows

In Rs. Cr.	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025

In Rs. Cr.	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Balance sheet
Net Block	312	295	429	472	475	575	575	617	700	709
Shareholders Funds	240	591	778	803	460	596	658	726	808	972
Profit & Loss
Operating Profit	138	108	-256	55.44	-382	264	192	140	210	331
Net Sales	1,694	1,832	2,373	2,515	2,726	2,473	2,681	3,241	3,794	4,135
Cash flow
Cash from Operating Activity	125	115	121	148	117	174	148	-60.51	390	214
Net Capex (est)	66.57	90.52	140	124	108	66.18	41.67	79.09	123	172
Ratios
ROCE (%)	35.85	45.27	7.94	11.53	-19.20	33.60	21.05	11.85	16.54	—
ROE (%)	23.10	46.56	8.07	10.15	-34.88	25.17	14.69	7.99	13.18	—

Forensics

11 Yes

Positive for this company

1 Neutral

Neutral for this company

5 No

Negative for this company

0 No Data

Insufficient data to analyse

Accounting & Shareholding

Contingent Liabilities

Company does not have significant contingent liabilities
Depreciation Effect

Depreciation accounting is not leading to increase in profits
Other Income

Other income is not affecting ratios of the company
Pledge

Promoters have not pledged a significant portion of their holding
Revenue Recognition

Company is converting accounting profit to cash
Promoter Holding

Promoter has not sold any shares in the last 90 days
Retail Holding

Retail has been buying the stock which is usually a sign of exuberance

Price & Performance

Capex vs ROCE

Roce of the company has increased over the last three years
ROE

Net profit margin is responsible for roe increase over last 10 years
Working Capital

Working capital of the company seems to be under control
Current vs Historic Valuation

Company is trading at a discount to 3yr historic valuations
Debt

Company should not have issues servicing its debt
Balance Sheet Strength

Balance sheet of the company is strong. it shouldnt have solvency or liquidity issues
Share price

Share price has increased over last 10 years but more due to rerating
Sales Growth

Sales of the company has grown at a slow pace
Margin Stability

Margins of the company are volatile
ROCE Strength

Roce of the company is not consistently strong

Market Share

11 %

(as of Mar 18)

Historic

Dairy Products Market Share in South India

Revenue mix

Product Wise Break-Up

Product Wise Break-Up - Dairy

Location Wise Break-Up

Operating Profit Break-Up

Asset Break-Up - Segment Wise

Operational Metrics

Milk Processing Capacity (MLPD)

Heritage Foods Ltd.

Milk Processing Capacity (MLPD)
Source
Milk Generation (MLPD)
Source
Sales Volume - Milk (MLPD)
Source
Sales volume- Curd (MTPD)
Source
Realization/Litre - Milk (Rs/Litre)
Source

Peer Comparison

Peer Name	Latest Price	PE	Market cap(Cr)	Prom Holding(%)	YoY Qtly Sales(%)	ROCE (%)	ROE (%)
Heritage Foods	430.45	20.95	3,994	41.3	9.86	16.54	13.18
Vadilal Industries	6,829.1	31.47	4,909	64.73	16.98	28.16	26.91
Parag Milk Foods	214.51	21.55	2,559	42.61	16.22	13.71	9.93
Dodla Dairy	1,127.2	28.21	6,736	59.69	20.67	20.29	14.64
Sheetal Cool Prod	318	17.61	334	65.59	-18.57	26.87	18.2
Milkfood	85	34.37	206	56.03	-1.48	8.48	4.07
Umang Dairies	79.63	28.46	175	74.61	-19.47	8.96	2.97
Healthy Life Agritec	63.49	48.38	158	29.79	—	12.18	9.31

Brands

Heritage Milk

Corporate Actions

Consolidated DividendRightsSplit

DATE

DETAILS

2024, Aug 13

Dividend Dividend of Rs.2.5 per share

2023, Aug 14

Dividend Dividend of Rs.2.5 per share

2023, Jan 20

Rights 1 rights eligible for every 1 shares held.

2022, Jul 21

Dividend Dividend of Rs.2.5 per share

2021, Nov 01

Dividend Dividend of Rs.2.5 per share

Suppliers

Rajshree Polypack Ltd.

Customers

Reliance Industries Ltd.

FAQs on Heritage Foods Ltd. Business

What does Heritage Foods do?

Heritage Foods Limited, founded in 1992 by Mr. Nara Chandrababu Naidu, is a rapidly growing Public Listed Company in India, operating in Dairy and Renewable Energy sectors.

Who are the competitors of Heritage Foods?

Heritage Foods major competitors are Vadilal Industries, Parag Milk Foods, Dodla Dairy, Sheetal Cool Prod, Milkfood, Umang Dairies, Healthy Life Agritec.
Market Cap of Heritage Foods is ₹3,994 Crs.
While the median market cap of its peers are ₹334 Crs.

Is Heritage Foods financially stable compared to its competitors?

Heritage Foods seems to be financially stable compared to its competitors.
The probability of it going bankrupt or facing a financial crunch seem to be lower than its immediate competitors.

View FAQ's On Shareprice

Cash Flow Machines

Actual Cash profits are more important than accounting profits. List of companies spitting out cash profits

Run Query

Global Leaders

Companies with a dominant global position in a product. Might be a sign of very strong moat.

Run Query

Company Filing

	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010
Annual Report	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15	FY14	FY13	FY12	FY11	FY10
Earnings Release		Mar Jun Sep Dec	Mar Jun Sep Dec	Sep Dec	Mar Jun Sep Dec
Investor Presentation	May	Mar Jun Sep Dec	Mar Jun Sep Dec	Mar May Jun Jul Sep Dec	Jan Mar Jun Sep Dec	Mar Jun Sep Dec	Mar Jun Sep Dec	Jun Sep Dec	Mar Jun Sep Dec	Mar Jun Sep Dec	Mar Jun Sep Dec	Mar Jun Sep Dec	Mar Jun Sep Dec	Jun Sep Dec
Conference Call		Mar Jun Sep Dec	Mar Jun Sep Dec	Mar Jun Sep Dec	Mar Jun Sep Dec	Mar Jun Sep Dec	Mar Jun Sep Dec	Mar Dec	Mar Jun Sep Dec	Mar Jun Sep Dec
Conference Call SummaryCon Call Summary Powered by Gemini

Discussions & Analysis

Heritage Foods Ltd.

View the discussion on ValuePickr

FMCG Sector

FMCG | Everything you need to know - JST Investments

Study on Indian Mango Processing Segment - Niraj Shah

Understanding Palm Oil - Mega-thread - GSN INVEST

How The Dairy Industry Works - PPFAS

Do you really know what cigarettes are made up of? - Equity Maniac

Value Chain of Synthetic Leather - SOIC

An Overview Of Footwear Industry - PPFAS

Ideas Dashboard

Timeline

Watchlist

Portfolio

Alerts

Research

Stock Screener

Market

Raw Material

Heritage Foods Ltd.

Heritage Foods Ltd.

About

Timeline

Company Timeline

11 Yes

1 Neutral

5 No

0 No Data

Accounting & Shareholding

Contingent Liabilities

Depreciation Effect

Other Income

Pledge

Revenue Recognition

Promoter Holding

Retail Holding

Price & Performance

Capex vs ROCE

ROE

Working Capital

Current vs Historic Valuation

Debt

Balance Sheet Strength

Share price

Sales Growth

Margin Stability

ROCE Strength

Product Wise Break-Up

UNLOCK PREMIUM

Product Wise Break-Up - Dairy

UNLOCK PREMIUM

Location Wise Break-Up

UNLOCK PREMIUM

Operating Profit Break-Up

UNLOCK PREMIUM

Asset Break-Up - Segment Wise

UNLOCK PREMIUM

Milk Processing Capacity (MLPD)

Milk Processing Capacity (MLPD)

What does Heritage Foods do?

Who are the competitors of Heritage Foods?

Is Heritage Foods financially stable compared to its competitors?

SIGN UP FOR FREE