Heritage Foods Ltd
- Market Cap ₹ 3,080 Cr.
- Current Price ₹ 332
- High / Low ₹ 355 / 165
- Stock P/E 36.7
- Book Value ₹ 79.9
- Dividend Yield 0.75 %
- ROCE 10.6 %
- ROE 7.91 %
- Face Value ₹ 5.00
Pros
- Company is almost debt free.
- Company has been maintaining a healthy dividend payout of 26.5%
Cons
- The company has delivered a poor sales growth of 6.43% 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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
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 | 1,894 | 2,373 | 2,515 | 2,726 | 2,473 | 2,681 | 3,241 | 3,661 | |
1,339 | 1,497 | 1,625 | 1,989 | 2,248 | 1,761 | 2,628 | 2,458 | 3,108 | 2,212 | 2,495 | 3,109 | 3,487 | |
Operating Profit | 55 | 105 | 97 | 84 | 132 | 134 | -255 | 57 | -382 | 261 | 186 | 132 | 174 |
OPM % | 4% | 7% | 6% | 4% | 6% | 7% | -11% | 2% | -14% | 11% | 7% | 4% | 5% |
2 | 0 | 4 | 7 | 5 | 251 | 402 | 138 | 303 | 7 | 2 | 12 | 11 | |
Interest | 22 | 19 | 15 | 18 | 17 | 49 | 20 | 23 | 24 | 21 | 6 | 6 | 9 |
Depreciation | 21 | 22 | 25 | 34 | 35 | 25 | 38 | 45 | 50 | 46 | 52 | 56 | 60 |
Profit before tax | 13 | 64 | 61 | 39 | 86 | 310 | 90 | 127 | -154 | 202 | 130 | 82 | 116 |
Tax % | 32% | 22% | 26% | 28% | 36% | 10% | 30% | 35% | -10% | 26% | 26% | 29% | |
9 | 50 | 45 | 28 | 55 | 278 | 63 | 83 | -169 | 148 | 96 | 58 | 84 | |
EPS in Rs | 0.99 | 5.38 | 4.88 | 3.06 | 5.97 | 29.64 | 6.76 | 8.77 | -17.27 | 16.16 | 10.41 | 6.25 | 9.04 |
Dividend Payout % | 25% | 7% | 15% | 25% | 13% | 3% | 15% | 11% | -7% | 15% | 24% | 40% |
Compounded Sales Growth | |
---|---|
10 Years: | 7% |
5 Years: | 6% |
3 Years: | 6% |
TTM: | 17% |
Compounded Profit Growth | |
---|---|
10 Years: | 0% |
5 Years: | -3% |
3 Years: | 33% |
TTM: | 59% |
Stock Price CAGR | |
---|---|
10 Years: | 16% |
5 Years: | 6% |
3 Years: | 24% |
1 Year: | 100% |
Return on Equity | |
---|---|
10 Years: | 14% |
5 Years: | 7% |
3 Years: | 16% |
Last Year: | 8% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
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 | 81 | 130 | 156 | 170 | 217 | 564 | 751 | 776 | 433 | 569 | 631 | 676 | 695 |
140 | 126 | 142 | 157 | 126 | 158 | 280 | 299 | 306 | 69 | 19 | 168 | 57 | |
176 | 143 | 172 | 175 | 209 | 250 | 652 | 536 | 226 | 217 | 229 | 234 | 263 | |
Total Liabilities | 410 | 411 | 492 | 526 | 575 | 996 | 1,707 | 1,635 | 988 | 879 | 903 | 1,125 | 1,062 |
230 | 237 | 271 | 281 | 312 | 296 | 433 | 476 | 481 | 580 | 579 | 622 | 635 | |
CWIP | 9 | 8 | 11 | 9 | 10 | 8 | 9 | 42 | 77 | 18 | 8 | 20 | 15 |
Investments | 0 | 1 | 1 | 1 | 1 | 478 | 1,002 | 835 | 152 | 13 | 18 | 15 | 91 |
170 | 165 | 209 | 235 | 252 | 214 | 263 | 282 | 278 | 267 | 298 | 469 | 320 | |
Total Assets | 410 | 411 | 492 | 526 | 575 | 996 | 1,707 | 1,635 | 988 | 879 | 903 | 1,125 | 1,062 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
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 | 115 | 121 | 148 | 117 | 174 | 148 | -61 | |
-26 | -29 | -62 | -47 | -66 | -126 | -200 | -133 | -97 | 69 | -42 | -83 | |
-31 | -65 | -1 | -8 | -55 | -13 | 55 | -3 | -22 | -191 | -93 | 126 | |
Net Cash Flow | 3 | 3 | 12 | -4 | 4 | -24 | -23 | 12 | -2 | 51 | 13 | -17 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
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 | 3 | 2 | 6 | 3 | 2 | 3 | 3 |
Inventory Days | 32 | 24 | 29 | 31 | 28 | 31 | 31 | 27 | 24 | 41 | 38 | 55 |
Days Payable | 22 | 17 | 19 | 17 | 16 | 15 | 13 | 13 | 10 | 7 | 9 | 7 |
Cash Conversion Cycle | 12 | 11 | 14 | 18 | 16 | 19 | 19 | 20 | 17 | 36 | 31 | 52 |
Working Capital Days | -7 | -7 | -2 | 2 | -2 | -5 | -6 | -4 | -3 | 9 | 11 | 29 |
ROCE % | 15% | 35% | 26% | 17% | 29% | 64% | 12% | 14% | -14% | 31% | 21% | 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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Oct 2022TranscriptNotesPPT
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May 2021TranscriptNotesPPT
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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]