Heritage Foods Ltd

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

Heritage Foods Ltd

₹ 499 1.78%
16 Dec 1:39 p.m.
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 ₹ 4,628 Cr.
  • Current Price ₹ 499
  • High / Low ₹ 728 / 233
  • Stock P/E 26.6
  • Book Value ₹ 96.1
  • Dividend Yield 0.50 %
  • ROCE 16.2 %
  • ROE 13.3 %
  • Face Value ₹ 5.00
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Pros

  • Company has been maintaining a healthy dividend payout of 28.6%

Cons

  • Company has a low return on equity of 12.3% 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 BSE Fast Moving Consumer Goods BSE SmallCap Nifty Microcap 250 Nifty Total Market BSE Allcap

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
670 667 696 821 816 786 818 924 979 941 951 1,033 1,020
607 628 666 799 779 755 778 885 933 891 882 940 938
Operating Profit 64 39 30 22 38 31 40 39 45 50 69 92 81
OPM % 10% 6% 4% 3% 5% 4% 5% 4% 5% 5% 7% 9% 8%
-6 3 2 3 3 3 3 3 2 3 5 6 7
Interest 1 1 1 1 0 0 2 3 2 2 3 3 4
Depreciation 13 13 13 13 14 14 15 15 15 16 16 17 17
Profit before tax 43 29 18 11 26 19 26 24 31 36 55 78 67
Tax % 25% 28% 29% 31% 28% 28% 31% 29% 27% 25% 26% 25% 28%
33 21 12 7 19 14 18 17 22 27 40 58 49
EPS in Rs 3.53 2.24 1.37 0.78 2.05 1.48 1.93 1.80 2.41 2.90 4.36 6.30 5.24
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

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 1,894 2,373 2,515 2,726 2,473 2,681 3,241 3,794 3,944
1,497 1,625 1,989 2,248 1,761 2,628 2,458 3,108 2,212 2,495 3,109 3,590 3,651
Operating Profit 105 97 84 132 134 -255 57 -382 261 186 132 203 292
OPM % 7% 6% 4% 6% 7% -11% 2% -14% 11% 7% 4% 5% 7%
0 4 7 5 251 402 138 303 7 2 12 12 21
Interest 19 15 18 17 49 20 23 24 21 6 6 9 12
Depreciation 22 25 34 35 25 38 45 50 46 52 56 61 65
Profit before tax 64 61 39 86 310 90 127 -154 202 130 82 145 236
Tax % 22% 26% 28% 36% 10% 30% 35% 10% 26% 26% 29% 27%
50 45 28 55 278 63 83 -169 148 96 58 107 174
EPS in Rs 5.38 4.88 3.06 5.97 29.64 6.76 8.77 -17.27 16.16 10.41 6.25 11.48 18.80
Dividend Payout % 7% 15% 25% 13% 3% 15% 11% -7% 15% 24% 40% 22%
Compounded Sales Growth
10 Years: 8%
5 Years: 9%
3 Years: 15%
TTM: 12%
Compounded Profit Growth
10 Years: 8%
5 Years: 4%
3 Years: -12%
TTM: 146%
Stock Price CAGR
10 Years: 18%
5 Years: 23%
3 Years: 33%
1 Year: 107%
Return on Equity
10 Years: 14%
5 Years: 8%
3 Years: 12%
Last Year: 13%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 130 156 170 217 568 754 779 436 573 634 679 762 845
126 142 157 126 158 280 299 306 69 19 168 132 143
143 172 175 209 247 649 533 223 214 226 231 341 354
Total Liabilities 411 492 526 575 996 1,707 1,635 988 879 903 1,125 1,281 1,389
237 271 281 312 296 433 476 481 580 579 622 704 719
CWIP 8 11 9 10 8 9 42 77 18 8 20 20 16
Investments 1 1 1 1 478 1,002 835 152 13 18 15 140 303
165 209 235 252 214 263 282 278 267 298 469 416 351
Total Assets 411 492 526 575 996 1,707 1,635 988 879 903 1,125 1,281 1,389

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

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 52 125 115 121 148 117 174 148 -61 390
-29 -62 -47 -66 -126 -200 -133 -97 69 -42 -83 -252
-65 -1 -8 -55 -13 55 -3 -22 -191 -93 126 -76
Net Cash Flow 3 12 -4 4 -24 -23 12 -2 51 13 -17 62

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 3 2 6 3 2 3 3 3
Inventory Days 24 29 31 28 31 31 27 24 41 38 56 33
Days Payable 17 19 17 16 15 13 13 10 7 9 11 18
Cash Conversion Cycle 11 14 18 16 19 19 20 17 36 31 47 18
Working Capital Days -7 -2 2 -2 -5 -6 -4 -3 9 11 29 3
ROCE % 35% 26% 17% 29% 64% 12% 14% -14% 31% 21% 10% 16%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
39.43% 39.43% 39.43% 39.43% 39.22% 41.57% 41.57% 41.57% 41.30% 41.30% 41.30% 41.30%
3.97% 1.62% 2.04% 2.39% 2.06% 1.98% 2.07% 1.74% 1.73% 2.01% 3.33% 8.27%
15.57% 15.89% 14.65% 15.56% 15.66% 15.90% 15.88% 14.48% 11.97% 11.74% 3.91% 3.89%
41.04% 43.06% 43.89% 42.61% 43.06% 40.55% 40.48% 42.20% 44.99% 44.96% 51.48% 46.56%
No. of Shareholders 33,68337,42039,31539,71940,01043,31542,47452,55257,28756,2251,74,8491,37,021

* 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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