Heritage Foods Limited (IN:HERITGFOOD)
:HERITGFOOD
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Heritage Foods Limited
(HERITGFOOD)
Select Model
Select Model
Rating:62Neutral
Price Target:
₹347.00
▼(-25.36% Downside)
Action:ReiteratedDate:02/05/26
The score is primarily supported by strong operating performance and a low-leverage balance sheet, but is held back by weak technicals (price below all key moving averages with negative MACD) and cash flow pressure from heavy capital expenditures. Valuation is moderate and the dividend yield is relatively low.
Positive Factors
Revenue & Margin Improvement
Consistent revenue growth with improving gross (~25%) and net (~4.6%) margins shows rising pricing power and operational efficiency. These durable trends bolster sustained cash generation, support reinvestment in distribution and products, and improve resilience over several quarters.
Negative Factors
Free Cash Flow Volatility
Free cash flow has been volatile and fell recently due to heavy capital expenditures. Sustained high capex can erode liquidity, require external financing, or force cuts to dividends and discretionary spending, constraining strategic flexibility over coming quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue & Margin Improvement
Consistent revenue growth with improving gross (~25%) and net (~4.6%) margins shows rising pricing power and operational efficiency. These durable trends bolster sustained cash generation, support reinvestment in distribution and products, and improve resilience over several quarters.
Read all positive factors
Heritage Foods Limited (HERITGFOOD) vs. iShares MSCI India ETF (INDA)
Market Cap
₹31.33B
Dividend Yield0.54%
Average Volume (3M)58.61K
Price to Earnings (P/E)30.8
Beta (1Y)1.90
Revenue Growth9.83%
EPS Growth-0.92%
CountryIN
Employees3,225
SectorConsumer Defensive
Sector Strength42
IndustryPackaged Foods
Share Statistics
EPS (TTM)3.73
Shares Outstanding92,796,000
10 Day Avg. Volume17,779
30 Day Avg. Volume58,609
Financial Highlights & Ratios
PEG Ratio0.25
Price to Book (P/B)3.76
Price to Sales (P/S)0.88
P/FCF Ratio97.61
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)24.9
Revenue Forecast (FY)₹50.64B
Heritage Foods Limited Business Overview & Revenue Model
Company Description
Heritage Foods Limited procures and processes milk and milk products in India. The company operates through Dairy, Renewable Energy, and Feed segment. The Dairy segment produces and markets dairy products, including fresh milk, curd, butter milk, ...
How the Company Makes Money
Heritage Foods generates revenue primarily by selling dairy products under its brand. The core revenue stream is packaged liquid milk, sourced through a milk procurement network (including dairy farmers) and processed at company facilities before ...
Heritage Foods Limited Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
70
Positive
Cash Flow
60
Neutral
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 43.32B | 41.35B | 37.94B | 32.41B | 26.79B | 24.73B |
| Gross Profit | 9.52B | 5.41B | 4.68B | 6.25B | 5.72B | 6.14B |
| EBITDA | 3.30B | 3.32B | 2.14B | 1.52B | 1.86B | 2.71B |
| Net Income | 1.73B | 1.88B | 1.07B | 579.76M | 965.69M | 1.50B |
Balance Sheet | ||||||
| Total Assets | 16.63B | 15.58B | 12.81B | 11.25B | 9.03B | 8.79B |
| Cash, Cash Equivalents and Short-Term Investments | 3.44B | 2.56B | 2.10B | 247.15M | 351.01M | 227.88M |
| Total Debt | 2.20B | 1.74B | 1.32B | 1.68B | 192.52M | 684.20M |
| Total Liabilities | 6.12B | 5.86B | 4.73B | 3.99B | 2.45B | 2.82B |
| Stockholders Equity | 10.44B | 9.72B | 8.08B | 7.26B | 6.58B | 5.96B |
Cash Flow | ||||||
| Free Cash Flow | 591.23M | 374.81M | 2.63B | -1.44B | 1.01B | 813.24M |
| Operating Cash Flow | 2.48B | 2.14B | 3.90B | -605.05M | 1.48B | 1.74B |
| Investing Cash Flow | -2.43B | -2.29B | -2.52B | -826.24M | -424.45M | 688.03M |
| Financing Cash Flow | 103.65M | 9.98M | -759.30M | 1.26B | -926.55M | -1.91B |
Heritage Foods Limited Technical Analysis
Neutral
464.90
Price Trends
332.96
Positive
396.35
Negative
438.68
Negative
Market Momentum
-2.61
Negative
58.79
Neutral
86.36
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:HERITGFOOD, the sentiment is Neutral. The current price of 464.9 is above the 20-day moving average (MA) of 312.81, above the 50-day MA of 332.96, and above the 200-day MA of 438.68, indicating a neutral trend. The MACD of -2.61 indicates Negative momentum. The RSI at 58.79 is Neutral, neither overbought nor oversold. The STOCH value of 86.36 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:HERITGFOOD.
Heritage Foods Limited Peers Comparison
UnderperformOutperform
Sector (62)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | ₹1.08T | 76.67 | ― | 0.70% | 15.34% | 14.67% | |
68 Neutral | ₹32.39B | -5,541.37 | ― | 0.42% | 11.81% | -12.36% | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
62 Neutral | ₹31.33B | 30.82 | ― | 0.54% | 9.83% | -0.92% | |
61 Neutral | ₹205.47B | 89.83 | ― | 0.61% | 10.61% | 7.97% | |
61 Neutral | ₹25.49B | 30.64 | ― | 0.33% | 13.73% | 32.07% |
* Consumer Defensive Sector Average
IN:HERITGFOOD
Heritage Foods Limited
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-21.62%
Heritage Foods Limited Corporate Events
Heritage Foods Opens Special Window for Transfer and Demat of Physical Shares
Apr 4, 2026
Heritage Foods Limited has announced that it has published notices in national and regional newspapers regarding the opening of a special window for the transfer and dematerialisation of physical securities. The move follows a recent SEBI circular...
Heritage Foods Receives SEBI Compliance Certificate on Demat Activities
Apr 4, 2026
Heritage Foods Limited has informed the stock exchanges that it received a compliance certificate from its registrar and share transfer agent, KFin Technologies Limited, for the quarter ended March 31, 2026. The certificate confirms that details o...
Heritage Foods Announces Exit of Independent Director on Tenure Completion
Mar 22, 2026
Heritage Foods Limited announced a board-level change with the completion of the second and final term of Non-Executive Independent Director Rajesh Thakur Ahuja, effective after business hours on March 22, 2026. His exit reflects routine board ref...
Heritage Foods appoints pan-India internal auditors for FY 2026-27
Mar 17, 2026
Heritage Foods Limited’s board has approved the appointment and renewal of multiple chartered accountancy firms as internal auditors for the financial year 2026-27, following the audit committee’s recommendations. These firms, located ...
Heritage Foods’ Independent Directors Review Strategy, Operations and Governance
Mar 17, 2026
Heritage Foods Limited has reported that its independent directors convened on March 17, 2026 to review the company’s key business developments, operational performance, and ongoing strategic initiatives. They also examined matters related t...
Heritage Foods Wins Interim Court Order in Rs.100-Crore Defamation Battle
Feb 19, 2026
Heritage Foods Limited has initiated a civil defamation suit in the Delhi High Court against Sakshi Media House and associated parties over what it describes as false, baseless and malicious publications and social media allegations aimed at damag...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.