Heritage Foods Limited
₹353.75-₹0.25 (-0.1%)
Last close · Data as of Oct 30, 2026
- Market cap
- ₹4,122 Cr
- P/E
- 26.7x
- EV / EBITDA
- 21.5x
- Revenue
- ₹4,080 Cr
- Net margin
- 2.4%
- ROCE
- 21.4%
Price chart
Technical chartScreen technicals →-28.2% over the last year
Daily closes.
Go deeper
Technical chart: candles, 9 moving averages, RSI, MACD and drawing tools
Performance
Price change over each period, before dividends.
- 1M
- -12.4%
- 3M
- +7.5%
- 6M
- -1.3%
- 1Y
- -28.2%
- 5Y
- -33.4%
52-week range
Day change -₹0.25 (-0.1%) from ₹354 to ₹354 · Last close Oct 30, 2026
Best weekday to invest, historically
The same weekly amount in HERITGFOOD, bought on each weekday since 2021.
AI Summary
Indian StockStrengths1
- Maintains healthy dividend payout of 25.0%
Concerns1
- Negative free cash flow (₹18 Cr)
Rule-based from financial data. Not advice.
About the company
Heritage Foods Limited procures and processes milk and milk products in India. The company operates through Dairy, Renewable Energy, and Feed segments.
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Heritage Foods Limited procures and processes milk and milk products in India. The company operates through Dairy, Renewable Energy, and Feed segments. It offers milk, curd, butter milk, lassi, ice cream, frozen desserts, milkshakes, paneer, ghee, butter, cheese, fresh cream, cold coffee, cooking butter, milk powder, flavored milk, UHT milk, and dairy whitener products; and operates and franchises Heritage Parlour outlets, as well as exports dairy products. The company also produces power through solar and wind power plants. In addition, it provides cattle feed, feed supplements, veterinary medicines, and fish feed. The company was incorporated in 1992 and is headquartered in Hyderabad, India.
- Sector
- Consumer Discretionary
- Shares outstanding
- 9.3 Cr shares
- ISIN
- INE978A01027
- BSE code
- 519552
Key statistics
Screen fundamentals →Valuation, profitability, growth and solvency at the latest close; hover a label for its meaning.
Valuation
- Market cap
- ₹4,122 Cr
- P/E
- 26.7x
- P/B
- 4.1x
- EV / EBITDA
- 21.5x
- EV / Sales
- 1.1x
- P/S
- 1.1x
- Earnings yield
- 3.7%
- 52-week high
- ₹494.30
- 52-week low
- ₹293.85
Profitability
- Operating margin
- 5.3%
- Net margin
- 2.4%
- EBITDA margin
- 5.2%
- ROE
- 11.3%
- ROCE
- 21.4%
- ROA
- 7.2%
- Dividend payout
- 25.0%
- Tax rate
- 29.0%
- Other income, % of PBT
- -3.9%
Growth
- RevenueLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹4,080 Cr
- Revenue growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 9.3%
- Revenue CAGR, 5YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 6.9%
- EBITDALatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹194 Cr
- EBITDA growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 31.1%
- Net profit growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 84.6%
- Cash from operationsLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹375 Cr
- CFO growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -714.8%
- Free cash flowLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -₹15.0 Cr
- Asset growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 12.4%
Solvency and efficiency
- Current ratio
- 1.74
- Debt / Equity
- 0.16
- Debt / Assets
- 0.10
- Debt / EBITDA
- 0.65
- Interest coverage
- 22.11
- Financial leverage
- 1.57
- CFO / Net profit
- 4.12
- Cash / Market cap
- 9.8%
- Cash per share
- ₹43.30
- Asset turnover
- 2.96
- Fixed asset turnover
- 5.61
- Capital intensity
- 0.18
- Debtor days
- 3 days
- Inventory turnover
- 11.41
- Cash conversion cycle
- 17 days
Where the revenue went
Of every ₹100 of FY2025 revenue, ₹4 was left as net profit.
| From | To | Amount |
|---|---|---|
| Sales | Expenses | ₹3,767 Cr |
| Sales | Operating profit | ₹313 Cr |
| Operating profit | Interest | ₹17 Cr |
| Operating profit | Depreciation | ₹67 Cr |
| Operating profit | Profit before tax | ₹229 Cr |
| Other income | Profit before tax | ₹4 Cr |
| Profit before tax | Tax and other | ₹65 Cr |
| Profit before tax | Net profit | ₹168 Cr |
Revenue and net profit
Revenue grew 9.3% in FY2025; net profit is the dashed line.
| Date | Revenue | Net profit |
|---|---|---|
| FY2021 | ₹2,407 Cr | ₹145 Cr |
| FY2022 | ₹2,643 Cr | ₹102 Cr |
| FY2023 | ₹3,209 Cr | ₹66 Cr |
| FY2024 | ₹3,734 Cr | ₹91 Cr |
| FY2025 | ₹4,080 Cr | ₹168 Cr |
Cash flows
FY2025: ₹200 Cr from operations, -₹18.0 Cr free after investment (dashed).
| Date | Operating cash flow | Free cash flow |
|---|---|---|
| FY2021 | ₹164 Cr | ₹234 Cr |
| FY2022 | ₹144 Cr | ₹103 Cr |
| FY2023 | -₹61 Cr | -₹143 Cr |
| FY2024 | ₹375 Cr | ₹133 Cr |
| FY2025 | ₹200 Cr | -₹18 Cr |
Growth
Latest fiscal year FY2025 (ending March): each figure with its change over the year before.
- Revenue
- ₹4,080 Cr+9.3%1Y
- Net profit
- ₹168 Cr+84.6%1Y
- Cash from operations
- ₹200 Cr
- Free cash flow
- -₹18 Cr-113.5%1Y
- Revenue CAGR, 5Y
- 6.9%
| Year | Revenue | Operating income | EBITDA | Net profit | CFO | FCF | ROE | Revenue growth 1Y | Net profit growth 1Y |
|---|---|---|---|---|---|---|---|---|---|
| FY2025 | ₹4,080 Cr | ₹313 Cr | — | ₹168 Cr | ₹200 Cr | -₹18 Cr | 17.7% | +9.3% | +84.6% |
Monthly returns
Month-by-month returns of HERITGFOOD across the years, with the seasonal pattern.
Balance sheet
What the company owns and owes at the end of FY2025.
| Line | FY2025 |
|---|---|
| Liabilities and equity | ₹1,518 Cr |
| Equity capital | ₹46 Cr |
| Reserves | ₹901 Cr |
| Borrowings | ₹171 Cr |
| Other liabilities | ₹400 Cr |
| Assets | ₹1,518 Cr |
| Fixed assets | ₹706 Cr |
| Capital work in progress | ₹68 Cr |
| Investments | ₹213 Cr |
| Other assets | ₹531 Cr |
Market cap against peers
8 peers: same sector group, nearest by size.
P/E against peers
HERITGFOOD trades at 26.7x earnings against a peer median of 55.4x (a 52% discount).
Not shown (no positive earnings and no EV / Sales): Samhi Hotels Limited, Restaurant Brands Asia Limited.
Peer comparison
Same-sector peers by market cap, with the median.
| Company | Market cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|
| Heritage Foods LimitedHERITGFOODthis companyP/E ↓ discount | ₹4,122 Cr | 26.7x | 4.1x | 11.3% | 21.5x |
| Samhi Hotels LimitedSAMHI | ₹4,126 Cr | — | 1.4x | -2.8% | 94.5x |
| Shoppers Stop LtdSHOPERSTOP | ₹4,092 Cr | 474.0x | 13.6x | 22.8% | 8.3x |
| Hawkins Cooker Ltd.HAWKINCOOK | ₹4,080 Cr | 36.0x | 11.0x | 33.0% | 25.0x |
| Restaurant Brands Asia LimitedRBA | ₹3,945 Cr | — | 1.8x | — | — |
| BOSCH HOME COMFORT INDIA LIMITEDBOSCH-HCIL | ₹3,898 Cr | 96.8x | 8.1x | -13.0% | -205.0x |
| Goldiam International Ltd.GOLDIAM | ₹3,888 Cr | 75.1x | 7.0x | 20.9% | 49.9x |
| Electronics Mart India LimitedEMIL | ₹3,794 Cr | 41.6x | 2.4x | 13.4% | 10.9x |
| Vaibhav Global LtdVAIBHAVGBL | ₹3,664 Cr | 25.2x | 5.0x | 8.5% | 53.4x |
| Peer median | — | 55.4x | 6.3x | 11.8% | 36.3x |
Year-to-date ROI
HERITGFOOD since 1 January, against earlier years.
Historical volatility
HERITGFOOD's day-to-day swings over 30, 60 and 180 days.
Financial statements
Income statement, balance sheet and cash flow as reported, in ₹ crore, grouped into plain-language lines.
Figures in ₹ crore as reported, fiscal years ending March, newest first; the trailing twelve months (TTM) last.
Operating margin by fiscal year
| Date | Operating margin |
|---|---|
| FY2021 | 10.0% |
| FY2022 | 7.0% |
| FY2023 | 4.0% |
| FY2024 | 5.0% |
| FY2025 | 8.0% |
| Line | FY2025 |
|---|---|
| RevenueSales | ₹4,080 Cr |
| Costs | |
| Interest | ₹17 Cr |
| Expenses | ₹3,767 Cr |
| Operating profitOperating Profit | ₹313 Cr |
| Other income and charges | |
| Profit before tax | ₹233 Cr |
| Tax | |
| Net profitNet Profit | ₹168 Cr |
| Per share |
| Line | FY2025 |
|---|---|
| Liabilities and equityTotal Liabilities | ₹1,518 Cr |
| Equity capitalEquity Capital | ₹46 Cr |
| Reserves | ₹901 Cr |
| Borrowings | ₹171 Cr |
| Other liabilitiesOther Liabilities | ₹400 Cr |
| AssetsTotal Assets | ₹1,518 Cr |
| Fixed assetsFixed Assets | ₹706 Cr |
| Capital work in progressCWIP | ₹68 Cr |
| Investments | ₹213 Cr |
| Other assetsOther Assets | ₹531 Cr |
| Line | FY2025 |
|---|---|
| Operating cash flowCash from Operating Activity | ₹200 Cr |
| Investing cash flowCash from Investing Activity | -₹218 Cr |
| Financing cash flowCash from Financing Activity | ₹3 Cr |
| Change in cashNet Cash Flow | -₹15 Cr |
Learn while you research
Academy chapters picked for Heritage Foods Limited and the metrics on this page.
- 01 Taxes on Investments (India)LTCG, STCG, dividend tax, what every Indian investor needs.6 min read
- 02 Stock Valuation BasicsHow to think about what a fair price for a stock looks like.7 min read
- 03 Stock Market RisksSmall caps carry concentrated, idiosyncratic risk, learn to manage it.6 min read
- 04 Cyclical vs Defensive StocksConsumer staples behave defensively across the business cycle.6 min read
- 05 Essential Stock RatiosP/E, P/B, EV/EBITDA, what they mean and when to use each.7 min read
- 06 How to Read a Cash-Flow StatementProfit can be manipulated; cash flow rarely lies.7 min read