Heritage Foods Ltd
- Market Cap ₹ 2,880 Cr.
- Current Price ₹ 310
- High / Low ₹ 355 / 165
- Stock P/E 33.1
- Book Value ₹ 81.2
- Dividend Yield 0.80 %
- ROCE 11.4 %
- ROE 8.95 %
- Face Value ₹ 5.00
Pros
- Company is almost debt free.
- Company has been maintaining a healthy dividend payout of 24.7%
Cons
- The company has delivered a poor sales growth of 6.48% over past five 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
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
1,393 | 1,602 | 1,722 | 2,073 | 2,381 | 1,871 | 2,344 | 2,482 | 2,681 | 2,407 | 2,643 | 3,209 | 3,607 | |
1,339 | 1,497 | 1,625 | 1,989 | 2,248 | 1,741 | 2,601 | 2,428 | 3,058 | 2,156 | 2,454 | 3,072 | 3,435 | |
Operating Profit | 55 | 105 | 97 | 84 | 132 | 130 | -258 | 54 | -376 | 251 | 189 | 137 | 172 |
OPM % | 4% | 7% | 6% | 4% | 6% | 7% | -11% | 2% | -14% | 10% | 7% | 4% | 5% |
2 | 0 | 4 | 7 | 5 | 250 | 402 | 140 | 302 | 8 | 1 | 11 | 11 | |
Interest | 22 | 19 | 15 | 18 | 17 | 49 | 19 | 22 | 22 | 19 | 5 | 5 | 8 |
Depreciation | 21 | 22 | 25 | 34 | 35 | 25 | 37 | 44 | 48 | 44 | 50 | 54 | 57 |
Profit before tax | 14 | 64 | 61 | 39 | 86 | 306 | 88 | 129 | -145 | 196 | 135 | 89 | 117 |
Tax % | 31% | 22% | 26% | 28% | 36% | 10% | 31% | 35% | -11% | 26% | 25% | 26% | |
9 | 50 | 45 | 28 | 55 | 275 | 60 | 83 | -160 | 145 | 102 | 66 | 87 | |
EPS in Rs | 1.01 | 5.38 | 4.88 | 3.04 | 5.97 | 29.64 | 6.51 | 8.99 | -17.24 | 15.64 | 10.94 | 7.10 | 9.39 |
Dividend Payout % | 25% | 7% | 15% | 25% | 13% | 3% | 15% | 11% | -7% | 16% | 23% | 35% |
Compounded Sales Growth | |
---|---|
10 Years: | 7% |
5 Years: | 6% |
3 Years: | 6% |
TTM: | 17% |
Compounded Profit Growth | |
---|---|
10 Years: | 2% |
5 Years: | 0% |
3 Years: | 34% |
TTM: | 43% |
Stock Price CAGR | |
---|---|
10 Years: | 15% |
5 Years: | 4% |
3 Years: | 25% |
1 Year: | 84% |
Return on Equity | |
---|---|
10 Years: | 14% |
5 Years: | 7% |
3 Years: | 17% |
Last Year: | 9% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 12 | 12 | 23 | 23 | 23 | 23 | 23 | 23 | 23 | 23 | 23 | 46 | 46 |
Reserves | 82 | 130 | 156 | 170 | 217 | 567 | 752 | 779 | 436 | 567 | 634 | 687 | 708 |
174 | 126 | 142 | 157 | 126 | 152 | 273 | 283 | 286 | 57 | 12 | 159 | 51 | |
142 | 143 | 172 | 175 | 209 | 224 | 637 | 510 | 217 | 210 | 222 | 229 | 258 | |
Total Liabilities | 409 | 411 | 492 | 526 | 575 | 966 | 1,685 | 1,595 | 962 | 858 | 891 | 1,121 | 1,063 |
230 | 237 | 271 | 281 | 312 | 280 | 416 | 453 | 438 | 538 | 539 | 581 | 596 | |
CWIP | 9 | 8 | 11 | 9 | 10 | 8 | 9 | 22 | 77 | 18 | 7 | 20 | 15 |
Investments | 1 | 1 | 1 | 1 | 1 | 478 | 1,018 | 860 | 186 | 49 | 60 | 65 | 146 |
169 | 165 | 208 | 235 | 252 | 200 | 243 | 260 | 260 | 253 | 285 | 455 | 306 | |
Total Assets | 409 | 411 | 492 | 526 | 575 | 966 | 1,685 | 1,595 | 962 | 858 | 891 | 1,121 | 1,063 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
60 | 97 | 75 | 52 | 125 | 88 | 138 | 143 | 124 | 164 | 144 | -61 | |
-26 | -29 | -62 | -47 | -66 | -99 | -217 | -119 | -104 | 70 | -41 | -82 | |
-31 | -65 | -1 | -8 | -55 | -16 | 58 | -11 | -21 | -185 | -90 | 127 | |
Net Cash Flow | 3 | 3 | 12 | -4 | 4 | -26 | -21 | 13 | -0 | 49 | 13 | -16 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 3 | 3 | 4 | 4 | 4 | 2 | 2 | 6 | 3 | 2 | 2 | 3 |
Inventory Days | 32 | 24 | 29 | 31 | 28 | 30 | 30 | 26 | 23 | 40 | 36 | 54 |
Days Payable | 22 | 17 | 19 | 17 | 16 | 13 | 13 | 12 | 9 | 7 | 9 | 6 |
Cash Conversion Cycle | 12 | 11 | 14 | 18 | 16 | 19 | 18 | 19 | 16 | 35 | 30 | 51 |
Working Capital Days | -7 | -7 | -2 | 2 | -2 | -8 | -7 | -4 | -3 | 8 | 10 | 28 |
ROCE % | 14% | 33% | 26% | 17% | 29% | 64% | 12% | 14% | -13% | 31% | 22% | 11% |
Documents
Announcements
- Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A 10 Apr
- Shareholder Meeting / Postal Ballot-Outcome of Postal_Ballot 8 Apr
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Compliance Certificate Under Regulation 40(10)
6 Apr - Compliance Certificate under Regulation 40(9) and 40(10) of SEBI (LODR) Regulations, 2015
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
5 Apr - Compliance Certificate under Regulation 7(3) of the SEBI (LODR) Regulations, 2015 for the period ended 31st March 2024
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Compliance Certificate Under Regulation 7(3) For Period Ended 31St March 2024
5 Apr - Compliance Certificate under Regulation 7(3) of the SEBI (LODR) Regulations, 2015
Annual reports
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
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Concalls
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Feb 2024Transcript PPT
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Oct 2023Transcript PPT
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Aug 2023Transcript PPT
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May 2023Transcript PPT
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Jan 2023Transcript PPT
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Nov 2022Transcript PPT
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Oct 2022TranscriptNotesPPT
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Oct 2021Transcript PPT
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May 2021Transcript PPT
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May 2021TranscriptNotesPPT
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Nov 2019Transcript PPT
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May 2019Transcript PPT
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Feb 2019Transcript PPT
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Nov 2018TranscriptNotesPPT
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Feb 2018TranscriptNotesPPT
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Feb 2018TranscriptNotesPPT
Product Portfolio
The company's products include milk and value-added products such as curd, ice cream/frozen dessert, paneer, buttermilk, flavored milk, lassi, milk powders, and sweets, etc. [1]