Heritage Foods Ltd

Heritage Foods Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Heritage Foods Ltd

₹ 408 -5.46%
27 Jan - close price
heritagefoods.in BSE: 519552 NSE: HERITGFOOD
About

Heritage Foods is engaged in the business of procurement and processing of Milk & Milk products and also generation of power through solar & wind for the captive consumption of its dairy plants.[1] The company has a reach to over 15 lakh households in India.[2]

Key Points

Product Portfolio[1]
The company's products include milk and value-added products such as curd, ice cream/frozen dessert, paneer, buttermilk, flavored milk, lassi, milk powders, sweets, Hertitage Nutrivet, Heritage Novandie.

Website BSE NSE
  • Market Cap ₹ 3,787 Cr.
  • Current Price ₹ 408
  • High / Low ₹ 728 / 296
  • Stock P/E 20.9
  • Book Value ₹ 95.5
  • Dividend Yield 0.61 %
  • ROCE 16.0 %
  • ROE 12.8 %
  • Face Value ₹ 5.00
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Pros

  • Company has been maintaining a healthy dividend payout of 27.8%

Cons

  • Company has a low return on equity of 12.7% over last 3 years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: FMCG Industry: Food - Processing - Indian

Part of Nifty Total Market Nifty Microcap 250 BSE SmallCap BSE Allcap BSE Fast Moving Consumer Goods

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024
657 688 815 809 777 808 913 963 923 936 1,020 1,006 1,020
617 657 791 770 745 768 875 919 873 869 929 927 952
Operating Profit 40 31 24 39 32 40 39 44 49 67 90 79 68
OPM % 6% 5% 3% 5% 4% 5% 4% 5% 5% 7% 9% 8% 7%
3 2 3 3 3 3 3 2 3 -12 6 8 8
Interest 0 1 1 0 0 2 3 1 2 3 3 4 4
Depreciation 12 13 13 13 14 14 14 14 15 15 16 17 17
Profit before tax 30 20 13 28 21 27 25 30 36 37 77 66 55
Tax % 26% 26% 26% 25% 25% 28% 27% 25% 24% 37% 24% 27% 25%
22 14 10 21 16 19 18 23 27 23 58 48 41
EPS in Rs 2.41 1.56 1.06 2.27 1.67 2.09 1.95 2.43 2.92 2.52 6.25 5.20 4.45
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
1,602 1,722 2,073 2,381 1,871 2,344 2,482 2,681 2,407 2,643 3,209 3,734 3,981
1,497 1,625 1,989 2,248 1,741 2,601 2,428 3,058 2,156 2,454 3,072 3,535 3,677
Operating Profit 105 97 84 132 130 -258 54 -376 251 189 137 199 305
OPM % 7% 6% 4% 6% 7% -11% 2% -14% 10% 7% 4% 5% 8%
0 4 7 5 250 402 140 302 8 1 11 -5 9
Interest 19 15 18 17 49 19 22 22 19 5 5 9 13
Depreciation 22 25 34 35 25 37 44 48 44 50 54 58 65
Profit before tax 64 61 39 86 306 88 129 -145 196 135 89 127 235
Tax % 22% 26% 28% 36% 10% 31% 35% 11% 26% 25% 26% 29%
50 45 28 55 275 60 83 -160 145 102 66 91 171
EPS in Rs 5.38 4.88 3.04 5.97 29.64 6.51 8.99 -17.24 15.64 10.94 7.10 9.81 18.42
Dividend Payout % 7% 15% 25% 13% 3% 15% 11% -7% 16% 23% 35% 25%
Compounded Sales Growth
10 Years: 8%
5 Years: 9%
3 Years: 16%
TTM: 10%
Compounded Profit Growth
10 Years: 8%
5 Years: 3%
3 Years: -12%
TTM: 108%
Stock Price CAGR
10 Years: 15%
5 Years: 17%
3 Years: 29%
1 Year: 21%
Return on Equity
10 Years: 14%
5 Years: 8%
3 Years: 13%
Last Year: 13%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 12 23 23 23 23 23 23 23 23 23 46 46 46
Reserves 130 156 170 217 570 755 782 439 571 637 690 757 840
126 142 157 126 152 273 283 286 57 12 159 127 142
143 172 175 209 221 634 507 214 207 219 226 329 342
Total Liabilities 411 492 526 575 966 1,685 1,595 962 858 891 1,121 1,260 1,370
237 271 281 312 280 416 453 438 538 539 581 666 681
CWIP 8 11 9 10 8 9 22 77 18 7 20 20 13
Investments 1 1 1 1 478 1,018 860 186 49 60 65 172 339
165 208 235 252 200 243 260 260 253 285 455 402 337
Total Assets 411 492 526 575 966 1,685 1,595 962 858 891 1,121 1,260 1,370

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
97 75 52 125 88 138 143 124 164 144 -61 375
-29 -62 -47 -66 -99 -217 -119 -104 70 -41 -82 -242
-65 -1 -8 -55 -16 58 -11 -21 -185 -90 127 -71
Net Cash Flow 3 12 -4 4 -26 -21 13 -0 49 13 -16 62

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 3 4 4 4 2 2 6 3 2 2 3 3
Inventory Days 24 29 31 28 30 30 26 23 40 36 54 32
Days Payable 17 19 17 16 13 13 12 9 7 9 11 18
Cash Conversion Cycle 11 14 18 16 19 18 19 16 35 30 46 17
Working Capital Days -7 -2 2 -2 -8 -7 -4 -3 8 10 28 3
ROCE % 33% 26% 17% 29% 64% 12% 14% -13% 31% 22% 11% 16%

Shareholding Pattern

Numbers in percentages

Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024
39.43% 39.43% 39.43% 39.22% 41.57% 41.57% 41.57% 41.30% 41.30% 41.30% 41.30% 41.30%
1.62% 2.04% 2.39% 2.06% 1.98% 2.07% 1.74% 1.73% 2.01% 3.33% 8.27% 6.65%
15.89% 14.65% 15.56% 15.66% 15.90% 15.88% 14.48% 11.97% 11.74% 3.91% 3.89% 3.98%
43.06% 43.89% 42.61% 43.06% 40.55% 40.48% 42.20% 44.99% 44.96% 51.48% 46.56% 48.08%
No. of Shareholders 37,42039,31539,71940,01043,31542,47452,55257,28756,2251,74,8491,37,0211,34,476

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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