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Heritage Foods

HERITGFOOD NSE
₹370.65 +0.65 (+0.18%)
P/E
30.06
View as Markdown
MCP
Close 4 Nov 2026 ₹370.65 −110.20 −22.9% 1Y
Start ₹480.85

Key Fundamentals

MicrocapFood ProductsFMCG

Price-based figures as of · EPS basis: Consolidated · TTM

ROCE
14.80%
Debt to Equity
0.34
EPS (TTM)
₹12.33
Book Value
₹122.50
Market Cap
—
P/E (TTM)
30.06
P/B
3.03
ROE
12.60%
Dividend Yield
0.68%
EBITDA
₹291 Cr
52W High
₹488.00
52W Low
₹292.55
Day Range
₹365.00 – ₹373.00
Volume
1,29,778

Peer Comparison

Fast Moving Consumer Goods › Food Products › Dairy Products

Heritage Foods peer comparison
Hatsun Agro Product
₹1,046.2063.79₹23,626 Cr11.810.97%19.20%15.20%₹10,413 Cr₹366 Cr
Milky Mist Dairy Food
₹302.5584.04₹22,941 Cr10.060.00%31.60%13.60%₹3,765 Cr₹235 Cr
Kwality Walls
₹39.82—₹8,971 Cr13.920.00%−1.01%—₹1,909 Cr−₹334 Cr
Dodla Dairy
₹985.9524.30₹6,129 Cr3.450.49%16.40%16.70%₹4,316 Cr₹246 Cr
Vadilal Industries
₹7,377.5024.21₹5,347 Cr5.770.23%19.60%22.00%₹1,676 Cr₹219 Cr
Heritage Foods (this company)
₹370.6530.06₹3,435 Cr3.030.68%12.60%14.80%₹4,934 Cr₹115 Cr
Parag Milk Foods
₹291.9828.21₹3,370 Cr3.010.44%12.10%13.40%₹3,911 Cr₹130 Cr
Median 7 companies₹370.6529.14₹6,129 Cr5.770.44%16.40%15.00%₹3,911 Cr₹219 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company.

Tapetide Score

Data-driven rating, 0–100, as of . How it works →

Overall score

42 Weak

Data confidence 100/100

Category scores

Quality
52
Average
Returns, margins, earnings quality 22% weight
Valuation
35
Poor
Cheap vs sector & own history 24% weight
Growth
66
Strong
Sales & profit trajectory 9% weight
Financial Health
53
Average
Solvency, leverage, coverage 9% weight
Momentum
45
Average
Trend strength, vol-adjusted 12% weight
Ownership
21
Poor
FII/DII/promoter flows 24% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallBearish874
OscillatorsBearish270
Moving AveragesStrong Bearish604

Key readings

RSI (14)
47.32
Neutral
MACD (12,26,9)
−8.45
Bearish
SMA (50)
386.97
Bearish
SMA (200)
353.53
Bullish

As of

Analyst Rating

Based on 2 analysts
TIED50%

1 of 2 analysts rate Buy, 1 Hold, 0 Sell.

As of

BUY
1
50%
HOLD
1
50%
SELL
0
0%

Growth Rate

From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Sep 2026 against Sep 2025.

Revenue

Revenue growth by window
10Y+6.63%
5Y+12.85%
3Y+11.78%
1Y+9.46%
TTM+13.92%

Net profit

Net profit growth by window
10Y+10.55%
5Y+0.27%
3Y+37.26%
1Y−20.21%
TTM−33.53%

Operating cash flow

Operating cash flow growth by window
10Y+6.61%
5Y+6.38%
3YTurned positive
1Y+10.75%
TTM—

TTM: Reported once a year, so there is no trailing-twelve-month figure.

Operating margin· change in pp

Operating margin growth by window
10Y+0.34 pp
5Y−4.67 pp
3Y+1.81 pp
1Y−2.00 pp
TTM−1.84 pp

Revenue by year

Revenue by year, ₹ crore
Mar 2017₹1,894 Cr
Mar 2018₹2,373 Cr
Mar 2019₹2,515 Cr
Mar 2020₹2,726 Cr
Mar 2021₹2,473 Cr
Mar 2022₹2,681 Cr
Mar 2023₹3,241 Cr
Mar 2024₹3,794 Cr
Mar 2025₹4,135 Cr
Mar 2026₹4,526 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2017₹278 Cr
Mar 2018₹63.00 Cr
Mar 2019₹83.00 Cr
Mar 2020−₹169 Cr
Mar 2021₹148 Cr
Mar 2022₹96.00 Cr
Mar 2023₹58.00 Cr
Mar 2024₹107 Cr
Mar 2025₹188 Cr
Mar 2026₹150 Cr

Analyst Forecasts

Forecast For
FY27 consensus · EBITDA
₹272 Cr −6.3% vs FY26
Reported High Mean Low

Quarterly Results

₹ Cr
HERITGFOOD quarterly results, ₹ crore
Particulars Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Sales
979
941
951
1,033
1,020
1,034
1,048
1,137
1,113
1,119
1,158
1,338
1,320
Expenses
933
891
882
940
938
962
970
1,064
1,035
1,056
1,105
1,276
1,246
Operating Profit
45
50
69
92
81
72
78
73
77
63
52
62
74
OPM %
4.6%
5%
7%
9%
8%
7%
7%
6%
7%
6%
4.5%
4.6%
6%
Other Income
2
3
5
6
7
8
−2
5
15
8
6.04
6
3
Interest
2
2
3
3
4
4
4
4
4
4
5
8
7
Depreciation
15
16
16
17
17
18
18
19
20
20.54
22
26
27
PBT
31
36
55
78
67
59
54
56.26
68
46
32
34
43
Tax %
27%
25%
26%
25%
28%
27%
30%
26%
25%
25%
25%
26%
28%
Net Profit
22
27
40
58
49
43
38
41
51
35
24
25
31
EPS (₹)
2.41
2.9
4.36
6.3
5.24
4.64
4.11
4.37
5.5
3.73
2.58
2.69
3.33

Profit & Loss

₹ Cr
HERITGFOOD profit and loss, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
2,073
2,381
1,894
2,373
2,515
2,726
2,473
2,681
3,241
3,794
4,135
4,526
4,934
Expenses
1,989
2,248
1,761
2,628
2,458
3,108
2,212
2,495
3,109
3,590
3,809
4,260
4,683
Operating Profit
84
132
134
−255
57
−382
261
186
132
203
326
266
251
OPM %
4%
6%
7%
−11%
2.2%
−14%
11%
7%
4.1%
5%
8%
6%
5%
Other Income
7
5
251
402
138
302
7
2
12
12
19
34
24
Interest
18
17
49
20
23
24
21
6
6
9
15.43
17.22
25
Depreciation
34
35
25
38
45
50
46
52
56
61
70
81
96
PBT
39
86
310
90
127
−154
202
130
82
145
258
201
154
Tax %
28%
36%
10%
30%
35%
10%
26%
26%
29%
27%
27%
25%
—
Net Profit
28
55
278
63
83
−169
148
96
58
107
188
150
114
EPS (₹)
3.06
5.97
29.64
6.76
8.77
−17.27
16.16
10.41
6.25
11.48
20.29
16.18
12.33
Div. Payout %
25%
13%
3%
15%
11%
Not meaningful for this period: the ratio divides by a base close to zero, so it is left blank rather than shown as a very large number.
15%
24%
40%
22%
12%
15%
—

Balance Sheet

₹ Cr
HERITGFOOD balance sheet, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Sep 2026
Equity Capital
23
23
23
23
23
23
23
23
46
46
46
46
46
Reserves
170
217
568
754
779
436
573
634
679
762
926
1,057
1,090
Borrowings
157
126
158
280
299
306
64
19
168
132
175
361
384
Other Liabilities
175
209
247
649
533
223
219
226
231
341
412
485
477
Total Liabilities
526
575
996
1,707
1,635
988
879
903
1,125
1,281
1,558
1,950
1,998
Fixed Assets
281
312
296
433
476
481
580
579
622
704
748
1,164
1,198
CWIP
9
10
8
9
42
77
18
8
20
20
68
50
129
Investments
1
1
478
1,002
835
152
13
18
15
140
196
186
174
Other Assets
235
252
214
263
282
278
267
298
469
416
547
550
497
Total Assets
526
575
996
1,707
1,635
988
879
903
1,125
1,281
1,558
1,950
1,998

Cash Flow

₹ Cr
HERITGFOOD cash flow, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
52
125
115
121
148
117
174
148
−61
390
214
237
Investing
−47
−66
−126
−200
−133
−97
69
−42
−83
−252
−229
−375
Financing
−8
−55
−13
55
−3
−22
−191
−93
126
−76
1
138
Net Cash Flow
−4
4
−24
−23
12
−2
51
13
−17
62
−14
0
Free Cash Flow
4
58
24
−19
24
8
108
106
−140
267
42
−142
CFO/EBITDA
73
117
108
−59
328
−36
87
98
−29
210
86
104

Ratios

HERITGFOOD financial ratios, annual
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
4
4
3
2
6
3
2
3
3
3
3
6
Inventory Days
31
28
31
31
27
24
39
38
55
33
44
35
Days Payable
17
16
15
13
13
10
7
10
7
18
21
23
Cash Conversion Cycle
18
16
19
19
20
17
35
31
52
18
26
18
Working Capital Days
−13
−8
−18
−22
−18
−15
4
10
13
1
5
−5
ROCE %
17%
29%
64%
12%
14%
−14%
31%
21%
10%
16%
25%
15%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view Heritage Foods insights

65 extracted metrics across FY12–FY27.

Shareholding Pattern

As of Sep 2026

  • Promoters 41.30%
  • Public 31.48%
  • Others 19.22%
  • DIIs 6.29%
  • FIIs 1.70%

No promoter shares pledged as of Sep 2026

Change vs previous quarter

Not shown for some quarters: Others. Not available separately for this quarter: the shareholding filing gives Public and Others as one figure, shown under Public, so Others is left blank rather than estimated.

Documents

Frequently Asked Questions about Heritage Foods

What does Heritage Foods Ltd do?
Incorporated in 1992, Heritage Foods Ltd is in the business of Dairy, Renewable energy, and Animal feed
Where is Heritage Foods Ltd (HERITGFOOD) listed?
Heritage Foods Ltd trades as HERITGFOOD on the NSE and under code 519552 on the BSE.
Which sector does Heritage Foods Ltd belong to?
Heritage Foods Ltd is classified under the Food Products sector, in the Dairy Products industry.
What is the PE ratio of Heritage Foods Ltd?
Heritage Foods Ltd trades at a PE ratio of 30.06 as of 4 Nov 2026, on earnings per share of ₹12.33, against a book value of ₹122.5 per share.
What is the 52-week high and low of Heritage Foods Ltd?
Over the last 52 weeks Heritage Foods Ltd has traded between ₹292.55 and ₹488 as of 4 Nov 2026.
Does Heritage Foods Ltd pay dividends?
Heritage Foods Ltd has a dividend yield of 0.68%.
What is the Return on Equity (ROE) of Heritage Foods Ltd?
Heritage Foods Ltd reported a return on equity of 12.60%. Its debt-to-equity ratio is 0.34.

Company Information

Incorporated in 1992, Heritage Foods Ltd is in the business of Dairy, Renewable energy, and Animal feed

Website heritagefoods.in
CEO Mr. Srideep Madhavan Nair Kesavan
Employees 3,353
Listed 27 Nov 1996
Face Value ₹5

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