Heritage Foods Limited Share Price & Analysis
Price Chart
Fundamentals
Strengths
- Attractively valued vs sector (P/E 28.5x vs industry 37.5x)
- Low debt relative to equity (D/E 0.3x)
Concerns
Peer Comparison
| Company | CMP | Mkt Cap | P/E | P/B | ROE % | ROCE % | D/E |
|---|---|---|---|---|---|---|---|
| HINDUNILVR Hindustan Unilever Limited | ₹1,816 | ₹4.3L Cr | 38.7 | 8.77 | 31 | 28.4 | 0.04 |
| ITC ITC Limited | ₹260 | ₹3.2L Cr | 16.4 | 4.48 | 29.3 | 38.9 | 0.01 |
| NESTLEIND Nestle India Limited | ₹1,168 | ₹2.3L Cr | 57 | 38.93 | 74.2 | 85.3 | 0.08 |
| VBL Varun Beverages Limited | ₹405 | ₹1.3L Cr | 39.5 | 6.99 | 16.2 | 19.7 | 0.13 |
| BRITANNIA Britannia Industries Limited | ₹4,567 | ₹1.1L Cr | 42 | 21.54 | 53.5 | 56 | 0.59 |
| MARICO Marico Limited | ₹770 | ₹100K Cr | 52.8 | 23.75 | 42.8 | 47 | 0.14 |
| TATACONSUM TATA CONSUMER PRODUCTS LIMITED | ₹1,000 | ₹95K Cr | 57.8 | 4.55 | 7.35 | 9.24 | 0.13 |
Showing 7 peers in the same sector · Sorted by market cap
Shareholding Pattern
HERITGFOOD · as of Mar 2026
| Category | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Promoters | 41.30% | 41.30% | 41.30% | 41.30% | 41.30% | 41.30% |
| FII | 1.73% | 2.01% | 3.33% | 8.27% | 6.65% | 6.42% |
| DII | 11.97% | 11.74% | 3.91% | 3.89% | 3.98% | 4.05% |
| Public | 44.99% | 44.96% | 51.48% | 46.56% | 48.08% | 48.23% |
Corporate Events
Dividend - Rs 2.50 Per Share
To consider and approve the financial results for the period ended March 31, 2026, dividend and other business matters
Annual General Meeting/Dividend - Rs 2.50 Per Share
Annual General Meeting/Dividend - Rs 2.50 Per Share
Annual General Meeting/Dividend - Rs 2.50 Per Share
Latest News
All newsHeritage Foods to merge wholly-owned subsidiary Heritage Novandie.
*Heritage Foods to merge its wholly-owned subsidiary Heritage Novandie Foods.* The board approved the amalgamation, effective October 23, 2026. The move aims to streamline operations and reduce compliance costs. No financial details were disclosed. 📊 *STOCKS:* $HERITAGED | 🏢 *SECTOR:* FMCG | #MEDIUMIMPACT #Merger
Heritage Foods to merge subsidiary Heritage Novandie
*Heritage Foods to merge subsidiary Heritage Novandie.* The company issued a press release on October 23, 2026, confirming the amalgamation of its wholly-owned subsidiary, Heritage Novandie Foods Limited, with itself. The move aims to streamline operations and reduce compliance costs. No financial terms were disclosed. 📊 *STOCKS:* HERITAGE | 🏢 *SECTOR:* CapitalMarkets | #MEDIUMIMPACT #Merger
Heritage Foods updates analysts and institutional investors.
*Heritage Foods updates analysts and institutional investors.* The company held a recent investor meet with a recording available per NSE filing. No major financial announcements or guidance revisions were highlighted. The session focused on routine business updates and Q&A. 📊 *STOCKS:* $HERITGEO | 🏢 *SECTOR:* FMCG | #LOWIMPACT #InvestorMeet
Heritage Foods publishes mandatory newspaper notice
*Heritage Foods publishes mandatory newspaper notice.* The filing is a routine corporate disclosure as per regulatory requirements. No financial or operational impact is indicated. Such notices are standard for public record. 📊 *STOCKS:* $HERITAGE | 🏢 *SECTOR:* FMCG | #LOWIMPACT #CorporateFiling
Heritage Foods to host analyst and investor meet
*Heritage Foods to host an analyst and institutional investor meet.* The event aims to provide updates on company performance and strategy. Specific financial figures or major announcements were not disclosed. Details on timing and agenda are available in the NSE filing. 📊 *STOCKS:* $HERITGEO | 🏢 *SECTOR:* Food Processing | #LOWIMPACT #InvestorMeet
Heritage Foods to hold investor meet on Sep 10, 2026
*Heritage Foods to hold investor meet on Sep 10, 2026.* The company will host a one-on-one meeting with analysts and institutional investors to discuss business updates. Such meets help clarify strategy but rarely trigger major shifts. No financial figures or announcements were disclosed. 📊 *STOCKS:* HERITAGE | 🏢 *SECTOR:* FMCG | #LOWIMPACT #InvestorMeet
Heritage Foods to host investor meet on Sep 8, 2026
*Heritage Foods to host investor meet on Sep 8, 2026.* The company will hold one-on-one sessions with analysts and institutional investors to discuss business updates. This is part of routine investor engagement. No financial figures or strategic announcements were disclosed. 📊 *STOCKS:* $HERITAGE | 🏢 *SECTOR:* FMCG | #LOWIMPACT #InvestorMeet
Heritage Foods' Ms. Brahmani Nara named in Fortune 40 Under 40
*Heritage Foods' Ms. Brahmani Nara named in Fortune 40 Under 40.* Heritage Foods Limited announced that Executive Director Ms. Brahmani Nara has been recognized in Fortune India’s 40 Under 40 list for 2026. This acknowledgment highlights her leadership and contribution to the company’s growth trajectory. While positive for brand image, it does not imply immediate financial impact. 📊 *STOCKS:* $HERITAGE | 🏢 *SECTOR:* FMCG | #LOWIMPACT #Leadership
Heritage Foods discloses ESG rating in corporate filing
*Heritage Foods discloses ESG rating in corporate filing.* The company shared its ESG (Environmental, Social, Governance) rating in a recent update to the NSE. This disclosure aims to enhance transparency for investors. No financial figures or immediate business changes were announced. 📊 *STOCKS:* HERITAGED | 🏢 *SECTOR:* FMCG | #LOWIMPACT #ESG
Heritage Foods updates ESG rating in corporate filing
*Heritage Foods updates ESG rating in corporate filing.* The company disclosed its latest ESG (Environmental, Social, Governance) rating in a regulatory filing with the NSE. While no **financial figures** were shared, the update reflects ongoing compliance and sustainability efforts. Investors tracking ESG parameters may find this relevant for long-term positioning. 📊 *STOCKS:* $HERITAGE | 🏢 *SECTOR:* FMCG | #LOWIMPACT #ESG
Financials
Quarterly Results
| Metric | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹1.1K Cr 0.5% | ₹1.1K Cr 2.1% | ₹1.1K Cr 8.5% | ₹1.0K Cr 1.4% | ₹1.0K Cr 1.4% | ₹1.0K Cr 1.3% | ₹1.0K Cr 8.6% | ₹951 Cr |
| Op. Profit | ₹63 Cr 18.2% | ₹77 Cr 5.5% | ₹73 Cr 6.4% | ₹78 Cr 8.3% | ₹72 Cr 11.1% | ₹81 Cr 12.0% | ₹92 Cr 33.3% | ₹69 Cr |
| OPM | 6.0% 14.3% | 7.0% 16.7% | 6.0% 14.3% | 7.0% 0.0% | 7.0% 12.5% | 8.0% 11.1% | 9.0% 28.6% | 7.0% |
| Net Profit | ₹35 Cr 31.4% | ₹51 Cr 24.4% | ₹41 Cr 7.9% | ₹38 Cr 11.6% | ₹43 Cr 12.2% | ₹49 Cr 15.5% | ₹58 Cr 45.0% | ₹40 Cr |
| EPS (₹) | 3.73 32.2% | 5.5 25.9% | 4.37 6.3% | 4.11 11.4% | 4.64 11.5% | 5.24 16.8% | 6.3 44.5% | 4.36 |
Values in ₹ Cr · Source: Screener.in
Annual Profit & Loss
| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ₹4.5K Cr 9.5% | ₹4.1K Cr 9.0% | ₹3.8K Cr 17.1% | ₹3.2K Cr 20.9% | ₹2.7K Cr 8.4% | ₹2.5K Cr 9.3% | ₹2.7K Cr 8.4% | ₹2.5K Cr 6.0% | ₹2.4K Cr 25.3% | ₹1.9K Cr |
| Expenses | ₹4.3K Cr 11.9% | ₹3.8K Cr 6.1% | ₹3.6K Cr 15.5% | ₹3.1K Cr 24.6% | ₹2.5K Cr 12.8% | ₹2.2K Cr 28.8% | ₹3.1K Cr 26.4% | ₹2.5K Cr 6.5% | ₹2.6K Cr 49.2% | ₹1.8K Cr |
| Op. Profit | ₹265 Cr 18.7% | ₹326 Cr 60.6% | ₹203 Cr 53.8% | ₹132 Cr 29.0% | ₹186 Cr 28.7% | ₹261 Cr 168.3% | ₹-382 Cr 770.2% | ₹57 Cr 122.4% | ₹-255 Cr 290.3% | ₹134 Cr |
| OPM | 6.0% 25.0% | 8.0% 60.0% | 5.0% 25.0% | 4.0% 42.9% | 7.0% 36.4% | 11.0% 178.6% | -14.0% 800.0% | 2.0% 118.2% | -11.0% 257.1% | 7.0% |
| Other Income | ₹34 Cr 78.9% | ₹19 Cr 58.3% | ₹12 Cr 0.0% | ₹12 Cr 500.0% | ₹2 Cr 71.4% | ₹7 Cr 97.7% | ₹302 Cr 118.8% | ₹138 Cr 65.7% | ₹402 Cr 60.2% | ₹251 Cr |
| Interest | ₹17 Cr 0.0% | ₹17 Cr 88.9% | ₹9 Cr 50.0% | ₹6 Cr 0.0% | ₹6 Cr 71.4% | ₹21 Cr 12.5% | ₹24 Cr 4.3% | ₹23 Cr 15.0% | ₹20 Cr 59.2% | ₹49 Cr |
| Depreciation | ₹81 Cr 15.7% | ₹70 Cr 14.8% | ₹61 Cr 8.9% | ₹56 Cr 7.7% | ₹52 Cr 13.0% | ₹46 Cr 8.0% | ₹50 Cr 11.1% | ₹45 Cr 18.4% | ₹38 Cr 52.0% | ₹25 Cr |
| PBT | ₹201 Cr 22.1% | ₹258 Cr 77.9% | ₹145 Cr 76.8% | ₹82 Cr 36.9% | ₹130 Cr 35.6% | ₹202 Cr 231.2% | ₹-154 Cr 221.3% | ₹127 Cr 41.1% | ₹90 Cr 71.0% | ₹310 Cr |
| Tax % | 25.0% 7.4% | 27.0% 0.0% | 27.0% 6.9% | 29.0% 11.5% | 26.0% 0.0% | 26.0% 160.0% | 10.0% 71.4% | 35.0% 16.7% | 30.0% 200.0% | 10.0% |
| Net Profit | ₹150 Cr 20.2% | ₹188 Cr 75.7% | ₹107 Cr 84.5% | ₹58 Cr 39.6% | ₹96 Cr 35.1% | ₹148 Cr 187.6% | ₹-169 Cr 303.6% | ₹83 Cr 31.7% | ₹63 Cr 77.3% | ₹278 Cr |
| EPS (₹) | 16.18 20.3% | 20.29 76.7% | 11.48 83.7% | 6.25 40.0% | 10.41 35.6% | 16.16 193.6% | -17.27 296.9% | 8.77 29.7% | 6.76 77.2% | 29.64 |
| Div Payout | 15.0% 25.0% | 12.0% 45.5% | 22.0% 45.0% | 40.0% 66.7% | 24.0% 60.0% | 15.0% 314.3% | -7.0% 163.6% | 11.0% 26.7% | 15.0% 400.0% | 3.0% |
Values in ₹ Cr · Source: Screener.in
Balance Sheet
| Item | Sep 2025 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
Liabilities | ||||||||||
| Equity Capital | ₹46 Cr 0.0% | ₹46 Cr 0.0% | ₹46 Cr 0.0% | ₹46 Cr 100.0% | ₹23 Cr 0.0% | ₹23 Cr 0.0% | ₹23 Cr 0.0% | ₹23 Cr 0.0% | ₹23 Cr 0.0% | ₹23 Cr |
| Reserves | ₹997 Cr 7.7% | ₹926 Cr 21.5% | ₹762 Cr 12.2% | ₹679 Cr 7.1% | ₹634 Cr 10.6% | ₹573 Cr 31.4% | ₹436 Cr 44.0% | ₹779 Cr 3.3% | ₹754 Cr 32.7% | ₹568 Cr |
| Borrowings | ₹220 Cr 25.7% | ₹175 Cr 32.6% | ₹132 Cr 21.4% | ₹168 Cr 784.2% | ₹19 Cr 70.3% | ₹64 Cr 79.1% | ₹306 Cr 2.3% | ₹299 Cr 6.8% | ₹280 Cr 77.2% | ₹158 Cr |
| Other Liabilities | ₹399 Cr 3.2% | ₹412 Cr 20.8% | ₹341 Cr 47.6% | ₹231 Cr 2.2% | ₹226 Cr 3.2% | ₹219 Cr 1.8% | ₹223 Cr 58.2% | ₹533 Cr 17.9% | ₹649 Cr 162.8% | ₹247 Cr |
| Total Liabilities | ₹1.7K Cr 6.7% | ₹1.6K Cr 21.6% | ₹1.3K Cr 13.9% | ₹1.1K Cr 24.6% | ₹903 Cr 2.7% | ₹879 Cr 11.0% | ₹988 Cr 39.6% | ₹1.6K Cr 4.2% | ₹1.7K Cr 71.4% | ₹996 Cr |
Assets | ||||||||||
| Fixed Assets | ₹808 Cr 8.0% | ₹748 Cr 6.3% | ₹704 Cr 13.2% | ₹622 Cr 7.4% | ₹579 Cr 0.2% | ₹580 Cr 20.6% | ₹481 Cr 1.1% | ₹476 Cr 9.9% | ₹433 Cr 46.3% | ₹296 Cr |
| CWIP | ₹159 Cr 133.8% | ₹68 Cr 240.0% | ₹20 Cr 0.0% | ₹20 Cr 150.0% | ₹8 Cr 55.6% | ₹18 Cr 76.6% | ₹77 Cr 83.3% | ₹42 Cr 366.7% | ₹9 Cr 12.5% | ₹8 Cr |
| Investments | ₹261 Cr 33.2% | ₹196 Cr 40.0% | ₹140 Cr 833.3% | ₹15 Cr 16.7% | ₹18 Cr 38.5% | ₹13 Cr 91.4% | ₹152 Cr 81.8% | ₹835 Cr 16.7% | ₹1.0K Cr 109.6% | ₹478 Cr |
| Other Assets | ₹434 Cr 20.7% | ₹547 Cr 31.5% | ₹416 Cr 11.3% | ₹469 Cr 57.4% | ₹298 Cr 11.6% | ₹267 Cr 4.0% | ₹278 Cr 1.4% | ₹282 Cr 7.2% | ₹263 Cr 22.9% | ₹214 Cr |
| Total Assets | ₹1.7K Cr 6.7% | ₹1.6K Cr 21.6% | ₹1.3K Cr 13.9% | ₹1.1K Cr 24.6% | ₹903 Cr 2.7% | ₹879 Cr 11.0% | ₹988 Cr 39.6% | ₹1.6K Cr 4.2% | ₹1.7K Cr 71.4% | ₹996 Cr |
Values in ₹ Cr · Source: Screener.in
Cash Flow Statement
| Item | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating CF | ₹214 Cr 45.1% | ₹390 Cr 739.3% | ₹-61 Cr 141.2% | ₹148 Cr 14.9% | ₹174 Cr 48.7% | ₹117 Cr 20.9% | ₹148 Cr 22.3% | ₹121 Cr 5.2% | ₹115 Cr 8.0% | ₹125 Cr |
| Investing CF | ₹-229 Cr 9.1% | ₹-252 Cr 203.6% | ₹-83 Cr 97.6% | ₹-42 Cr 160.9% | ₹69 Cr 171.1% | ₹-97 Cr 27.1% | ₹-133 Cr 33.5% | ₹-200 Cr 58.7% | ₹-126 Cr 90.9% | ₹-66 Cr |
| Financing CF | ₹1 Cr 101.3% | ₹-76 Cr 160.3% | ₹126 Cr 235.5% | ₹-93 Cr 51.3% | ₹-191 Cr 768.2% | ₹-22 Cr 633.3% | ₹-3 Cr 105.5% | ₹55 Cr 523.1% | ₹-13 Cr 76.4% | ₹-55 Cr |
| Net Cash Flow | ₹-14 Cr 122.6% | ₹62 Cr 464.7% | ₹-17 Cr 230.8% | ₹13 Cr 74.5% | ₹51 Cr 2650.0% | ₹-2 Cr 116.7% | ₹12 Cr 152.2% | ₹-23 Cr 4.2% | ₹-24 Cr 700.0% | ₹4 Cr |
| Free Cash Flow | ₹42 Cr 84.3% | ₹267 Cr 290.7% | ₹-140 Cr 232.1% | ₹106 Cr 1.9% | ₹108 Cr 1250.0% | ₹8 Cr 66.7% | ₹24 Cr 226.3% | ₹-19 Cr 179.2% | ₹24 Cr 58.6% | ₹58 Cr |
Values in ₹ Cr · Source: Screener.in
Key Ratios History
| Metric | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 3d 0.0% | 3d 0.0% | 3d 0.0% | 3d 50.0% | 2d 33.3% | 3d 50.0% | 6d 200.0% | 2d 33.3% | 3d 25.0% | 4d |
| Inventory Days | 44d 33.3% | 33d 41.1% | 56d 47.4% | 38d 2.6% | 39d 62.5% | 24d 11.1% | 27d 12.9% | 31d 0.0% | 31d 10.7% | 28d |
| Days Payable | 21d 16.7% | 18d 63.6% | 11d 22.2% | 9d 28.6% | 7d 30.0% | 10d 23.1% | 13d 0.0% | 13d 13.3% | 15d 6.3% | 16d |
| Cash Conv. Cycle | 26d 44.4% | 18d 61.7% | 47d 51.6% | 31d 11.4% | 35d 105.9% | 17d 15.0% | 20d 5.3% | 19d 0.0% | 19d 18.8% | 16d |
| Working Capital Days | 5d 400.0% | 1d 92.3% | 13d 30.0% | 10d 150.0% | 4d 126.7% | -15d 16.7% | -18d 18.2% | -22d 22.2% | -18d 125.0% | -8d |
| ROCE | 25.0% 56.3% | 16.0% 60.0% | 10.0% 52.4% | 21.0% 32.3% | 31.0% 321.4% | -14.0% 200.0% | 14.0% 16.7% | 12.0% 81.3% | 64.0% 120.7% | 29.0% |
Source: Screener.in · Lower days = better efficiency
About Heritage Foods Limited
Incorporated in 1992, Heritage Foods Ltd is in the business of Dairy, Renewable energy, and Animal feed[1]
Fast Moving Consumer GoodsFood Products