Heritage Foods
Heritage Foods Ltd valuation: P/E, P/B and sector benchmarks.
Twelve years of multiples investors have paid for Heritage Foods Ltd, framed against the sector median so the premium or discount is obvious at a glance.
Heritage Foods Ltd trades at a P/E of 20.29× and P/B of 2.74×, against the Consumer Defensive sector median P/E of 34.17×.
Valuation
Profitability
Growth
Financial Health
Heritage Foods Ltd chart patterns: breakouts, tops and bottoms.
Auto-detected classical chart patterns for Heritage Foods Ltd — Double Top/Bottom, Head & Shoulders, Triple Bottom and more — with break levels, targets and quality scores across Intraday, Daily and Weekly timeframes.
Heritage Foods Ltd financials: P&L, balance sheet, cash flow, ratios.
Twelve years of audited numbers for Heritage Foods Ltd, switchable between annual and quarterly views, consolidated or standalone.
Heritage Foods Ltd reports its full P&L, balance sheet, cash flow and ratios on this page — current market capitalisation of ₹3,076.19 Cr and reported EPS of ₹16.20.
| Period | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue from Operations | 2,373 | 2,515 | 2,726 | 2,473 | 2,681 | 3,241 | 3,794 | 4,135 | 4,526 |
| Other Income | 403 | 140 | 303 | 8 | 11 | 12 | 12 | 28 | 24 |
| Total Income | 2,776 | 2,655 | 3,029 | 2,481 | 2,693 | 3,253 | 3,806 | 4,162 | 4,550 |
| Cost of Goods Sold (COGS) | 1,919 | 1,973 | 2,225 | 1,837 | 2,083 | 2,616 | 3,007 | 3,101 | 3,465 |
| Gross Profit | 454 | 542 | 501 | 636 | 598 | 625 | 787 | 1,033 | 1,061 |
| +Operating Expenses | 711 | 488 | 884 | 374 | 407 | 495 | 584 | 709 | 796 |
| EBITDA | -257 | 54 | -383 | 262 | 191 | 130 | 203 | 324 | 265 |
| +Non-Operating Expenses | 56 | 66 | 73 | 63 | 41 | 60 | 70 | 76 | 108 |
| Profit Before Tax (PBT) | 90 | 128 | -152 | 203 | 131 | 82 | 145 | 258 | 201 |
| +Tax Expense | 27 | 45 | 15 | 53 | 34 | 24 | 39 | 70 | 51 |
| Profit After Tax (PAT) | 63 | 83 | -169 | 148 | 96 | 49 | 107 | 188 | 150 |
| Earnings Per Share (EPS) | 6.76 | 8.78 | -17.28 | 16.16 | 10.41 | 5.33 | 11.48 | 20.29 | 16.18 |
| Diluted Shares Outstanding (Nos.) | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 |
| +Additional Disclosures | 4,737 | 4,455 | 5,224 | 4,109 | 4,629 | 5,778 | 6,667 | 6,996 | 7,825 |
| Sales Growth % | — | 5.95 | 8.40 | -9.27 | 8.42 | 20.86 | 17.07 | 8.98 | 9.47 |
| YoY Sales Growth % | — | 5.95 | 8.40 | -9.27 | 8.42 | 20.86 | 17.07 | 8.98 | 9.47 |
| Material Cost % | 78 | 75 | 82 | 74 | 77 | 85 | 76 | 75 | 74 |
| Employee Cost % | 5 | 6 | 6 | 7 | 7 | 7 | 7 | 8 | 7 |
| Other Cost % | 25 | 14 | 27 | 8 | 8 | 9 | 9 | 10 | 10 |
| OPM % | -11 | 2 | -14 | 11 | 7 | 4 | 5 | 8 | 6 |
| Tax % | 30 | 35 | -10 | 26 | 26 | 29 | 27 | 27 | 25 |
| Profit Growth % | — | 31.66 | -305.10 | 187.54 | -35.21 | -48.53 | 115.46 | 76.71 | -20.26 |
| Gross Margin % | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA Margin % | -0.00 | 0.00 | -0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Coverage Ratio | -0.00 | 0.00 | -0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Additional Fields | -295 | 9 | -433 | 216 | 139 | 74 | 142 | 255 | 184 |
Heritage Foods segment analysis: revenue and profit mix.
Disclosed business segments at Heritage Foods with their share of revenue and profit, switchable between consolidated and standalone reporting.
Heritage Foods discloses revenue and profit across multiple business segments — toggle between consolidated and standalone views to see the mix.
Segment-wise Financial Analysis
Heritage Foods Ltd investment thesis: bull case, bear case, and the flip lines.
Why someone would buy Heritage Foods Ltd, why someone wouldn't, and the quantitative tripwires that would force the call to flip.
Heritage Foods Ltd's investment case rests on 8 positive markers and 7 flagged concerns drawn from the latest reported filings.
What you're getting.
Heritage Foods boasts a strong Return on Equity (ROE) of 20.20%, showcasing efficient capital utilization and high profitability. This is further supported by a healthy Return on Capital Employed (ROCE) of 25.30%, indicating excellent asset management and operational efficiency.
The company demonstrates consistent quarterly sales growth, with a recent increase of 9.12%. This positive sales trend reflects strong market demand and effective sales strategies, promising future revenue growth and potential for increased profitability.
Heritage Foods maintains a very healthy debt-to-equity ratio of 0.21, significantly below 1.0. This indicates a strong financial structure with minimal reliance on borrowed capital, enhancing financial stability and reducing risk for investors.
Heritage Foods' PE ratio of 26.40 is competitive, notably lower than several key peers like Hatsun Agro (71.23) and Dodla Dairy (30.60). This suggests a potentially attractive valuation relative to its industry counterparts, offering growth potential.
The company receives a 'Buy' recommendation for long-term investment, supported by good fundamentals and a score of 60%. This indicates a solid investment choice with a reasonable risk-reward profile, appealing to long-term investors.
What can break it.
The company experienced a quarterly profit decline of 9.60%, as indicated by the latest data. This downward trend in profitability warrants close monitoring to understand its causes and potential impact on future earnings and investor confidence.
The stock price has shown considerable volatility, with a 52-week high of ₹540.00 and a low of ₹352.10. This significant price fluctuation highlights market uncertainty and potential investment risk associated with these wide price swings.
A relatively high public shareholding of 49.78% could lead to increased stock price volatility due to dispersed ownership and potential for speculative trading, impacting long-term stability.
Foreign Institutional Investors (FII) holdings have significantly decreased from 8.27% in Sep 2024 to 4.60% in Sep 2025. This decline may signal reduced institutional confidence or a shift in investment strategy, warranting investor attention.
The 'Dairy Products' industry is highly competitive, with established players like Hatsun Agro and Dodla Dairy. Intense competition could pressure margins and market share, posing a continuous challenge for Heritage Foods.
What would change my mind.
Trim if P/E re-rates above 26 (~0.8× the sector multiple of 34.2). The valuation cushion thins from there.
Reassess if quarterly profit growth prints below 0% for two consecutive quarters. The bull case relies on compounding earnings.
Watch interest coverage if debt-to-equity climbs above 33.12. Balance sheet risk re-prices growth multiples fast.
Exit if ROE slips below 9%. The operating engine is no longer compounding capital efficiently.
Heritage Foods Ltd peer comparison — same-sector benchmarks.
Same-sector listed peers ranked on P/E, market cap, dividend yield and growth — Heritage Foods Ltd is highlighted for quick read-across.
Quick Compare
Heritage Foods Ltd technical analysis: indicators, pivots and CPR.
Live RSI, MACD and moving-average signals plus today's pivot and Central Pivot Range levels for Heritage Foods Ltd — derived from the live tape, not yesterday's close.
Heritage Foods Ltd last traded at ₹330 with an intraday range of ₹326.85–₹334.6 — live indicator, pivot and CPR signals below.
Pivot points
Standard pivot — most widely referenced.
Pivot levels · Classic
Live: ₹330.00| Level | Price (₹) | Distance | % Δ |
|---|---|---|---|
| R4 | 349.62 | +19.62 | +5.94% |
| R3 | 341.87 | +11.87 | +3.60% |
| R2 | 338.23 | +8.23 | +2.49% |
| R1 | 334.12 | +4.12 | +1.25% |
| PIVOT | 330.48 | 0.48 | 0.15% |
| CURRENT | 330.00 | — | — |
| S1 | 310.87 | -19.13 | -5.80% |
| S2 | 318.62 | -11.38 | -3.45% |
| S3 | 322.73 | -7.27 | -2.20% |
| S4 | 326.37 | -3.63 | -1.10% |
HERITGFOOD is trading Below CPR, indicating Bearishness
CPR is Narrower, suggesting likely for trending moves
Day's range: 326.85 ~ 331.4
Trading Inside opening range
Heritage Foods Ltd delivery volume — last 20 sessions of conviction.
Daily traded volume and delivery percentage for Heritage Foods Ltd over 20 sessions — the gap between intraday flipping and genuine accumulation.
Latest session delivery in Heritage Foods Ltd stood at 46.4% of traded volume, against a 20-day average of 50.7%.
Heritage Foods announcements: results, concalls, ratings, M&A.
Filings Heritage Foods sent to the exchanges, sequenced as they hit the tape — concall transcripts, results, credit ratings and presentations.
Heritage Foods files concall transcripts, results, credit ratings and corporate-action notices on the NSE and BSE exchange portals — latest 176 documents below.
Updates
Heritage Foods Limited has informed the Exchange regarding 'Intimation of Participation in GIA Flagship Promoters' Conference 2026 '.
Copy of Newspaper Publication
Heritage Foods Limited has informed the Exchange about Copy of Newspaper Publication
Updates
Heritage Foods Limited has informed the Exchange regarding 'Interaction with Electronic Media'.
Press Release
Heritage Foods Limited has informed the Exchange regarding a press release dated Jun 05, 2026, titled "Heritage Foods Celebrates 35th Foundation Day…
Updates
Heritage Foods Limited has informed the Exchange regarding 'Receives Best Environmental Award '.
Investor decks & rating reports.
Investor Presentation
Investor Presentation
Investor Presentation
Investor Presentation
Investor Presentation
Heritage Foods dividend history, splits and bonus issues.
Every dividend, stock split and bonus issue Heritage Foods has declared, sequenced by announce and record date.
Heritage Foods corporate-action history below covers all declared dividends, stock splits and bonus issues recorded with NSE and BSE.
About Heritage Foods Ltd: business, sector, key facts.
What Heritage Foods Ltd does, where it operates, the people running it, and the numbers that describe the entity behind the ticker.
Heritage Foods Ltd operates in the Consumer Defensive, listed as NSE: HERITGFOOD, BSE: 519552.
Heritage Foods Limited is a significant player in India's food and energy sectors, primarily focused on the procurement, processing, and distribution of dairy products. The company's core business lies within its Dairy segment, where it boasts a comprehensive range of offerings. This includes fresh dairy staples such as milk, curd, buttermilk, and lassi, as well as a wider selection of processed products like ice cream, paneer, ghee (clarified butter), table and cooking butter, milk powder, flavored milk, UHT (Ultra-High Temperature) milk, and dairy whiteners. A key component of their dairy operations involves the operation and franchising of Heritage Parlour outlets, expanding their retail presence and direct consumer reach. Furthermore, they actively participate in the export market, distributing their dairy products internationally.
Beyond its dominant dairy operations, Heritage Foods demonstrates diversification into the renewable energy sector. This segment focuses on power generation through the utilization of solar and wind power plants. This strategic move allows the company to contribute to sustainable energy practices while potentially reducing its operational costs and offering a secondary revenue stream. The integration of renewable energy reflects a commitment to environmental responsibility and long-term sustainability.
Completing their diversified portfolio is the Feed segment, dedicated to the production and sale of cattle and fish feed. This vertical integration strategy strengthens the company's position within the agricultural ecosystem, supporting both their own dairy operations and providing a separate revenue-generating segment. By supplying feed, Heritage Foods influences the quality and efficiency of livestock farming, indirectly improving the quality of the raw materials used in their dairy processing, thereby demonstrating vertical integration and reduced reliance on external suppliers.
In summary, Heritage Foods Limited is a multifaceted Indian company with a strong foundation in the dairy industry. Its strategic diversification into renewable energy and animal feed production provides resilience and growth opportunities, positioning it for continued success in the Indian market and beyond. Established in 1992 and headquartered in Hyderabad, the company operates across multiple segments, combining agricultural production, processing, and energy generation under one corporate umbrella.
Questions investors ask about Heritage Foods Ltd (HERITGFOOD).
Quick answers grounded in this page's data — price action, fundamentals, ratios and ownership.
01What is the current share price of Heritage Foods Ltd (HERITGFOOD)?
The current share price of Heritage Foods Ltd (HERITGFOOD) is ₹330. Today, the stock has gained by ₹1.30 (0.40%), trading in a range of ₹326.85 to ₹334.6. The stock opened at ₹330.2 with a trading volume of 2,29,960 shares.
02Is Heritage Foods Ltd stock a good investment for long-term?
Heritage Foods Ltd can be considered for long-term investment based on several factors. The company has a market capitalization of ₹3,076.19 crores, P/E ratio of 20.29, ROE of 14.44%, and ROCE of 25.30%. The dividend yield stands at 0.76%. However, investment decisions should be based on your financial goals, risk appetite, and thorough research. It's recommended to consult with a SEBI-registered financial advisor before making investment decisions.
03What is the 52-week high and low price of Heritage Foods Ltd stock?
The 52-week high price of Heritage Foods Ltd (HERITGFOOD) is ₹540, while the 52-week low is ₹292.55. Currently trading at ₹330, the stock is 15.1% away from its 52-week low and 38.9% below its 52-week high. These levels help investors understand the stock's price volatility and trading range over the past year.
04Should I buy Heritage Foods Ltd stock at the current price?
Whether to buy Heritage Foods Ltd stock at ₹330 depends on multiple factors. The stock is currently trading with a P/E ratio of 20.29 and P/B ratio of 2.74. Today's performance shows a gain of 0.40%. Consider analyzing the company's fundamentals, technical indicators, industry trends, and your investment horizon. Compare these metrics with industry peers and consult a financial advisor for personalized advice.
05What is the dividend yield of Heritage Foods Ltd and when is the next dividend?
Heritage Foods Ltd offers a dividend yield of 0.76%, which means for every ₹100 invested at the current price of ₹330, you can expect to receive approximately ₹0.76 annually as dividends. The face value of the stock is ₹5.00. For information about the next dividend announcement and ex-dividend date, please check the company's official announcements or visit the BSE/NSE websites.
06What are the key financial ratios and metrics of Heritage Foods Ltd?
Heritage Foods Ltd's key financial metrics include: P/E Ratio: 20.29, P/B Ratio: 2.74, ROE: 14.44%, ROCE: 25.30%, Dividend Yield: 0.76%, EPS: ₹16.20, Book Value: ₹119.81, and Debt-to-Equity: 32.62. The company's market cap stands at ₹3,076.19 crores. These metrics help evaluate the company's valuation, profitability, and financial health.
07How is Heritage Foods Ltd stock performing today in the market?
Heritage Foods Ltd stock opened at ₹330.2 and is currently trading at ₹330, showing a gain of ₹1.30 (0.40%). The intraday high is ₹334.6 and low is ₹326.85. The trading volume stands at 2,29,960 shares, indicating moderate market participation today.
08What is the P/E ratio of Heritage Foods Ltd and what does it indicate?
Heritage Foods Ltd has a Price-to-Earnings (P/E) ratio of 20.29, which means investors are willing to pay ₹20.29 for every ₹1 of earnings. With an EPS of ₹16.20, this P/E ratio indicates moderate valuation in line with market standards. Compare this with industry peers and historical P/E ratios for better context.
The data, ratios and commentary about Heritage Foods Ltd (HERITGFOOD) on this page are published for educational and informational purposes only and are not investment, legal or tax advice. StockeZee is not a SEBI-registered investment adviser, research analyst or portfolio manager, and no content here should be construed as a recommendation to buy, hold or sell any security. Live and historical market data may be delayed, revised by the exchanges, or contain errors; figures sourced from third-party feeds and corporate disclosures may not always be current. Past performance is not indicative of future results, and equity investments carry the risk of capital loss. Before acting on anything you read here, please consult a SEBI-registered financial advisor and read all scheme-related documents carefully.
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