Heritage Foods Ltd
HERITGFOODHeritage Foods Ltd
HERITGFOOD
Price Chart
Scorecard
Performance
AvgPrice return has been average, nothing exciting
Valuation
HighSeems to be overvalued vs the market average
Growth
LowLagging behind the market in financials growth
Profitability
HighShowing good signs of profitability & efficiency
Entry point
AvgThe stock is overpriced but is not in the overbought zone
Red flags
LowNo red flag found
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Key Metrics
| No LabelNo Label | PB RatioPB Ratio | Dividend YieldDiv. Yield |
|---|---|---|
| 24.63 | 5.32 | 0.54% |
| Sector PESector PE | Sector PBSector PB | Sector Div YldSctr Div Yld |
|---|---|---|
| 50.87 | 10.10 | 1.48% |
Forecast & Ratings
Detailed Forecast from 4 analysts
Price
Price Upside
Earnings
Earnings Growth
Revenue
Rev. Growth
Company Profile
Heritage Foods Limited, formerly Heritage Foods (India) Ltd., is a fast-moving consumer goods (FMCG) company. The Company's segments are Dairy, Retail, Agri, Bakery and Renewable Energy.
Peers
Compare with peersNestle India Ltd
Britannia Industries Ltd
Adani Wilmar Ltd
Hatsun Agro Product Ltd
Bikaji Foods International Ltd
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Forecasts
Price
Revenue
Earnings
Price Forecast
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Revenue Forecast
All values in ₹ Thousand cr.
All values in ₹ Thousand cr.
Earnings Per Share Forecast
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Income
Balance Sheet
Cash Flow
Income Statement
| Financial Year | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | TTM | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | 2,387.13 | 2,145.10 | 2,776.19 | 2,654.87 | 3,029.26 | 2,481.14 | 2,692.55 | 3,252.71 | 3,805.87 | 3,964.40 | ||||||||||
Raw Materials | 1,906.75 | 1,403.68 | 1,891.43 | 1,860.82 | 2,238.31 | 1,798.89 | 1,988.32 | 2,664.14 | 2,803.91 | 3,651.42 | ||||||||||
| Power & Fuel Cost | 41.01 | 26.97 | 29.36 | 32.19 | 37.83 | 35.55 | 36.78 | 49.97 | 55.16 | |||||||||||
| Employee Cost | 139.99 | 99.79 | 124.18 | 141.83 | 156.39 | 177.89 | 184.29 | 211.49 | 257.55 | |||||||||||
| Selling & Administrative Expenses | 162.35 | 91.87 | 123.44 | 131.26 | 131.93 | 110.51 | 132.47 | 167.52 | 201.92 | |||||||||||
| Operating & Other expenses | -0.48 | 138.21 | 460.29 | 293.86 | 544.60 | 89.69 | 162.57 | 15.97 | 271.97 | |||||||||||
EBITDA | 137.51 | 384.58 | 147.49 | 194.91 | -79.80 | 268.61 | 188.12 | 143.62 | 215.36 | 312.98 | ||||||||||
| Depreciation/Amortization | 34.51 | 24.97 | 37.83 | 44.66 | 50.13 | 46.23 | 52.18 | 56.15 | 60.82 | 65.17 | ||||||||||
| PBIT | 103.00 | 359.61 | 109.66 | 150.25 | -129.93 | 222.38 | 135.94 | 87.47 | 154.54 | 247.81 | ||||||||||
| Interest & Other Items | 17.03 | 49.44 | 19.80 | 22.98 | 24.13 | 20.62 | 5.64 | 5.74 | 9.46 | 11.70 | ||||||||||
| PBT | 85.97 | 310.17 | 89.86 | 127.27 | -154.06 | 201.76 | 130.30 | 81.73 | 145.08 | 236.11 | ||||||||||
| Taxes & Other Items | 30.55 | 35.08 | 27.09 | 45.84 | 6.25 | 51.82 | 33.74 | 23.76 | 38.54 | 61.68 | ||||||||||
| Net Income | 55.42 | 275.09 | 62.77 | 81.43 | -160.31 | 149.94 | 96.56 | 57.97 | 106.54 | 174.43 | ||||||||||
| EPS | 6.06 | 30.07 | 6.86 | 8.90 | -17.52 | 16.39 | 10.55 | 6.29 | 11.48 | 18.80 | ||||||||||
| DPS | 0.76 | 1.01 | 1.01 | 1.01 | 1.27 | 2.54 | 2.54 | 2.50 | 2.50 | 2.50 | ||||||||||
| Payout ratio | 0.13 | 0.03 | 0.15 | 0.11 | — | 0.15 | 0.24 | 0.40 | 0.22 | 0.13 |
Company Updates
Peers & Comparison
Consumer StaplesFMCG - Foods
Valuation
Technical
Forecast
Compare valuation on Screener| Stock | PE RatioPE Ratio | PB RatioPB Ratio | Div. YieldDividend Yield |
|---|---|---|---|
| Heritage Foods Ltd | 40.33 | 5.32 | 0.54% |
| Nestle India Ltd | 55.09 | 64.86 | 1.43% |
| Britannia Industries Ltd | 54.58 | 29.45 | 1.52% |
| Adani Wilmar Ltd | 256.77 | 4.57 | — |
Price Comparison
Compare HERITGFOOD with any stock or ETFShareholdings
Promoter Holdings Trend
Total Promoter Holding
In last 6 months, promoter holding in the company has almost stayed constant
Low Pledged Promoter Holding
Pledged promoter holdings is insignificant
Institutional Holdings Trend
Decreased Total Retail Holding
In last 3 months, retail holding in the company has decreased by 4.16%
Increased Foreign Institutional Holding
In last 3 months, foreign institutional holding of the company has increased by 4.94%
Shareholding Pattern
Dec 2023
Mar 2024
Jun 2024
Sep 2024
Shareholding History
Mutual Funds Holding Trend
Mutual Fund Holding
In last 3 months, mutual fund holding of the company has almost stayed constant
Top 5 Mutual Funds holding Heritage Foods Ltd
| Funds (Top 5) | The rupee value of the stock held by the fund divided by the stock’s market cap Market-cap held | Percentage of the fund’s portfolio invested in the stock Weight | Change in the portfolio weight of the stock over the last 3 months 3M holding change | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months Portfolio rank(3M change) |
|---|---|---|---|---|
Kotak Multicap Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 2.1698% | Percentage of the fund’s portfolio invested in the stock 0.63% | Change in the portfolio weight of the stock over the last 3 months -0.31% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 30/71 (-9) |
UTI Small Cap Fund - Direct Growth Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 1.2114% | Percentage of the fund’s portfolio invested in the stock 1.15% | Change in the portfolio weight of the stock over the last 3 months 0.79% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 33/99 (+55) |
Bandhan Small Cap Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.4375% | Percentage of the fund’s portfolio invested in the stock 0.22% | Change in the portfolio weight of the stock over the last 3 months -0.09% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 29/193 (+6) |
Compare 3-month MF holding change on Screener
smallcases
Looks like this stock is not in any smallcase yet.
Events
Dividend Trend
No Trend In Dividends
HERITGFOOD has shown inconsistent dividend trend over the last 5 years
Dividend Yield
Current dividend yield is 0.54%. An investment of ₹1,000 in the stock is expected to generate dividend of ₹5.40 every year
Dividends
Corp. Actions
Announcements
Legal Orders
Upcoming Dividends
No upcoming dividends are available
Past Dividends
Cash Dividend
Ex DateEx DateAug 13, 2024
Dividend/Share
₹2.50
Ex DateEx Date
Aug 13, 2024
Cash Dividend
Ex DateEx DateAug 14, 2023
Dividend/Share
₹2.50
Ex DateEx Date
Aug 14, 2023
Cash Dividend
Ex DateEx DateJul 21, 2022
Dividend/Share
₹2.50
Ex DateEx Date
Jul 21, 2022
Cash Dividend
Ex DateEx DateNov 1, 2021
Dividend/Share
₹2.50
Ex DateEx Date
Nov 1, 2021
Cash Dividend
Ex DateEx DateJul 22, 2021
Dividend/Share
₹5.00
Ex DateEx Date
Jul 22, 2021
Net profit of Heritage Foods rose 117.00% to Rs 48.63 crore in the quarter ended September 2024 as against Rs 22.41 crore during the previous quarter ended September 2023. Sales rose 4.19% to Rs 1019.52 crore in the quarter ended September 2024 as against Rs 978.55 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales1019.52978.55 4 OPM %7.974.64 - PBDT84.8245.71 86 PBT67.4730.68 120 NP48.6322.41 117 Powered by Capital Market - Live
Net profit of Heritage Foods rose 114.34% to Rs 48.27 crore in the quarter ended September 2024 as against Rs 22.52 crore during the previous quarter ended September 2023. Sales rose 4.54% to Rs 1006.48 crore in the quarter ended September 2024 as against Rs 962.79 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales1006.48962.79 5 OPM %7.874.56 - PBDT83.0144.51 86 PBT66.2630.08 120 NP48.2722.52 114 Powered by Capital Market - Live
Heritage Foods will hold a meeting of the Board of Directors of the Company on 23 October 2024.Powered by Capital Market - Live
The Board of Heritage Foods at its meeting held on 18 September 2024 has approved the proposal for setting up a new ice cream manufacturing facility at Shamirpet, Telangana. The new facility is intended to cater to the growing demand for ice cream in the region and expand its production capacity to better serve our consumers. The facility is expected to be commissioned by November, 2025 and will involve a capital investment of approximately Rs.204 crore. Powered by Capital Market - Live
Heritage Foods Q1 Review - Strong Margin Expansion Led By Lower Milk Procurement Prices: ICICI Securities
Heritage Foods hits the roof as Q1 PAT zooms to Rs 58 crore
However, revenue from operations jumped 11.8% year on year (YoY) to Rs 1,032.67 crore in the first quarter of FY25. Profit before tax was at Rs 77.78 crore in the June 2024 quarter, steeply higher than Rs 23.53 crore recorded in Q1 FY24. EBITDA jumped 133% YoY to Rs 93.8 crore while EBITDA margin improved by 472 bps to 9.08% during the quarter under review. On segmental front, revenue from dairy was at Rs 1,019.42 crore (up 11.67% YoY), feed revenue was at Rs 42.19 crore (up 28.79% YoY) and revenue from renewable energy stood at Rs 2.39 crore (down 1.23% YoY) during the quarter. During Q1 FY25, average milk procurement was at 1.62 million litres per day (MLPD), up 6.66% YoY, whereas average milk procurement prices for decreased by Rs 3.47/Lt (-7.75% YoY) over Q1 FY24. Milk sales volumes continued its steady growth in Q1, registering a growth by 4.26% YoY to 1.13 MLPD, and average milk selling prices averaged Rs 54.81/Lt, up over 0.40%. Brahmani Nara, executive director, said, 'With the building blocks of our business falling in place, our performance in Q1-FY25 has shown that we can sustain our momentum ahead of the industry even when faced with adverse weather, as we saw in the second half of this quarter. In this quarter, we stepped up our retail availability into more stores, expanded our distribution into more cities and recruited more consumers than ever before. Our sharply targeted marketing campaigns have delivered strong uptick in top-of-mind awareness and faster offtake for our brands across retail shelves. This gives us confidence as we enter the upcoming festive season.' Heritage Foods is one of the largest private sector dairy enterprises in Southern India. Its milk and milk products have a market presence in Andhra Pradesh, Telangana, Karnataka, Kerala, Tamil Nadu, Maharashtra, Odisha, NCR Delhi, Haryana, Rajasthan, Uttarakhand and Uttar Pradesh. Powered by Capital Market - Live
Heritage Foods consolidated net profit rises 249.04% in the June 2024 quarter
Net profit of Heritage Foods rose 249.04% to Rs 58.43 crore in the quarter ended June 2024 as against Rs 16.74 crore during the previous quarter ended June 2023. Sales rose 11.80% to Rs 1032.67 crore in the quarter ended June 2024 as against Rs 923.68 crore during the previous quarter ended June 2023. ParticularsQuarter EndedJun. 2024Jun. 2023% Var. Sales1032.67923.68 12 OPM %8.934.18 - PBDT94.4138.13 148 PBT77.7823.53 231 NP58.4316.74 249 Powered by Capital Market - Live
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Lower than Industry Revenue Growth
Over the last 5 years, revenue has grown at a yearly rate of 7.47%, vs industry avg of 9.6%
Decreasing Market Share
Over the last 5 years, market share decreased from 3.14% to 2.86%
Lower than Industry Net Income
Over the last 5 years, net income has grown at a yearly rate of 5.52%, vs industry avg of 11.06%