Heritage Foods Ltd
HERITGFOODHeritage Foods Ltd
HERITGFOOD![](https://assets.tickertape.in/sector-icons/consumer_staples.png)
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Price Chart
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Key Metrics
No LabelNo Label | PB RatioPB Ratio | Dividend YieldDiv. Yield |
---|---|---|
34.33 | 6.30 | 0.46% |
Sector PESector PE | Sector PBSector PB | Sector Div YldSctr Div Yld |
---|---|---|
56.08 | 11.13 | 1.29% |
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 | 3,917.78 | ||||||||||
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 | 3,646.23 | ||||||||||
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 | 271.55 | ||||||||||
Depreciation/Amortization | 34.51 | 24.97 | 37.83 | 44.66 | 50.13 | 46.23 | 52.18 | 56.15 | 60.82 | 62.85 | ||||||||||
PBIT | 103.00 | 359.61 | 109.66 | 150.25 | -129.93 | 222.38 | 135.94 | 87.47 | 154.54 | 208.70 | ||||||||||
Interest & Other Items | 17.03 | 49.44 | 19.80 | 22.98 | 24.13 | 20.62 | 5.64 | 5.74 | 9.46 | 9.37 | ||||||||||
PBT | 85.97 | 310.17 | 89.86 | 127.27 | -154.06 | 201.76 | 130.30 | 81.73 | 145.08 | 199.33 | ||||||||||
Taxes & Other Items | 30.55 | 35.08 | 27.09 | 45.84 | 6.25 | 51.82 | 33.74 | 23.76 | 38.54 | 51.10 | ||||||||||
Net Income | 55.42 | 275.09 | 62.77 | 81.43 | -160.31 | 149.94 | 96.56 | 57.97 | 106.54 | 148.23 | ||||||||||
EPS | 6.06 | 30.07 | 6.86 | 8.90 | -17.52 | 16.39 | 10.55 | 6.29 | 11.48 | 15.97 | ||||||||||
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 | 0.16 |
Company Updates
Peers & Comparison
Consumer StaplesFMCG - Foods
Valuation
Technical
Forecast
Stock | PE RatioPE Ratio | PB RatioPB Ratio | Div. YieldDividend Yield |
---|---|---|---|
Heritage Foods Ltd | 47.76 | 6.30 | 0.46% |
Nestle India Ltd | 61.40 | 72.28 | 1.29% |
Britannia Industries Ltd | 65.64 | 35.42 | 1.26% |
Adani Wilmar Ltd | 319.39 | 5.68 | — |
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
Increased Total Retail Holding
In last 3 months, retail holding in the company has increased by 9.70%
Increased Foreign Institutional Holding
In last 3 months, foreign institutional holding of the company has increased by 1.31%
Shareholding Pattern
Sep 2023
Dec 2023
Mar 2024
Jun 2024
Shareholding History
Mutual Funds Holding Trend
Decreased Mutual Fund Holding
In last 3 months, mutual fund holding of the company has decreased by 7.89%
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 2.6810% | Percentage of the fund’s portfolio invested in the stock 0.94% | Change in the portfolio weight of the stock over the last 3 months 0.02% | 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 22/77 (+1) |
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 0.3588% | Percentage of the fund’s portfolio invested in the stock 0.31% | Change in the portfolio weight of the stock over the last 3 months 0.03% | 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 32/185 (+1) |
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 0.2989% | Percentage of the fund’s portfolio invested in the stock 0.36% | Change in the portfolio weight of the stock over the last 3 months 0.36% | 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 93/98 (+4) |
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 0.46%. An investment of ₹1,000 in the stock is expected to generate dividend of ₹4.56 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
Heritage Foods Q1 Review - Strong Margin Expansion Led By Lower Milk Procurement Prices: ICICI Securities
![](https://pocket-image-cache.com/direct?url=http://media.assettype.com/bloombergquint%2F2020-10%2F96888258-9760-4aba-8547-02bf0061af3e%2Fheritage_foods.png?rect=118%2C0%2C484%2C254&w=1200&auto=format%2Ccompress&ogImage=true)
Heritage Foods hits the roof as Q1 PAT zooms to Rs 58 crore
![](https://pocket-image-cache.com/direct?url=http://www.business-standard.com/assets/web-assets/images/Business_Standard_685x385.jpg)
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
![](https://pocket-image-cache.com/direct?url=http://www.business-standard.com/assets/web-assets/images/Business_Standard_685x385.jpg)
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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HUL, Bajaj Finance, Heritage Foods To Post Q1 Results Today — Earnings Estimates
![](https://pocket-image-cache.com/direct?url=http://media.assettype.com/bloombergquint%2F2023-10%2F2b7477a7-1df7-42a7-9fbb-9c50d83407a8%2FHindustan_Unilever_Ltd___Source_Company_website_.jpeg?rect=0%2C0%2C893%2C469&w=1200&auto=format%2Ccompress&ogImage=true)
Milky Mist gears up for Rs 2,000 cr IPO at a valuation of Rs 20,000 cr
![](https://pocket-image-cache.com/direct?url=http://bsmedia.business-standard.com/_media/bs/img/article/2024-07/18/thumb/featurecrop/400X400/1721327133-5153.jpg)
Dairy firm Heritage Foods looks East in line with pan-India ambition
![](https://pocket-image-cache.com/direct?url=http://bsmedia.business-standard.com/_media/bs/img/article/2024-07/10/thumb/fitandfill/400X400/1720628563-0177.jpeg)
Indian Metals & Ferro Alloys Ltd leads losers in ‘B’ group
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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 9.67%
Decreasing Market Share
Over the last 5 years, market share decreased from 3.12% to 2.88%
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 12.03%