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Heritage Foods Limited (HERITGFOOD.NS)

INR334.85 +1.40 (+0.42%)
IN NSE Consumer Defensive Packaged Foods
Address #6-3-541/C, Panjagutta 500082
Hyderabad, IN
CEO Srideep Madhavan Nair Kesavan
IPO 2002-07-01
ISIN INE978A01027

Explore sections of this company profile

Also trades on Bombay Stock Exchange · HERITGFOOD.BO (INR) National Stock Exchange of India · HERITGFOOD.NS (INR)
Description

Heritage Foods Limited, an Indian enterprise, specializes in the procurement and processing of milk and an extensive range of dairy products. Its operations are structured across three primary segments: Dairy, Renewable Energy, and Feed. The Dairy division is responsible for manufacturing and distributing a comprehensive portfolio of dairy items, including fresh and UHT milk, various fermented milk products (curd, buttermilk, lassi), butter (cooking and table), paneer, ghee, cheeses, ice cream, frozen desserts, flavored milk, cold coffee, cream, skimmed milk powder, and traditional Indian sweets. This segment also manages or franchises 859 Heritage Parlour retail stores and exports its dairy offerings to markets in Europe, the Gulf region, and several Asian nations. Within its Renewable Energy segment, the company operates a 4.20 MW solar power facility and a 6.30 MW wind power plant. These clean energy assets are situated across the Indian states of Andhra Pradesh, Telangana, Maharashtra, Tamil Nadu, and Karnataka. The Feed segment focuses on the production and sale of cattle feed products. Incorporated in 1992 and headquartered in Hyderabad, India, the company adopted its current name, Heritage Foods Limited, in August 2013, having previously operated as Heritage Foods (India) Limited.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
INR334.85 +1.40 (+0.42%)
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Volume Profile
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Liquidity & share structure
Average Volume
346.3K
Beta
0.26
Float Shares
42.63M
Free Float %
45.9%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
-1.45% -8.95% -8.13% -6.39% -31.27% -28.20% -19.44% +69.66% +86.50% +156.34% +21,787.42%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
334.85
DCF (Unlevered) 626.18 +87.0%
DCF (Levered) 720.97 +115.3%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 67% Bullish
Rating 2026-05 Change
Strong Buy 0 0
Buy 2 0
Hold 1 0
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
5.01
Safe zone
Piotroski F-Score
5 / 9
Average
MOAT Score
5 / 10
Developing
Composite Rating
C
Overall Score
2 / 5
Medium
DCF Score
4 / 5
High
ROE Score
1 / 5
Low
ROA Score
1 / 5
Low
D/E Score
1 / 5
Low
P/E Score
2 / 5
Medium
P/Book Score
1 / 5
Low
Operational MOAT
✗ Below peers
  • Revenue growth Packaged Foods: +4.4%
    +9.5% Q1'26: +10.4% (vs Q1'25)
  • EPS growth Packaged Foods: +14.6%
    -20.1% Q1'26: -36.7% (vs Q1'25)
  • FCF margin FCF growth · Packaged Foods: +15.9%
    +2.5% Q1'26: +5.1% (vs Q1'25)
  • EBIT margin Packaged Foods: +7.9%
    +4.1% Q1'26: +2.6% (vs Q1'25)
  • ROIC Packaged Foods: +7.0%
    +11.4% Q1'26: +7.5% (vs Q1'25)
  • Share dilution Packaged Foods: +0.0%
    -0.3% Q1'26: -0.8% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Packaged Foods: 0.19×
    1.36× Q1'26: 1.73× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.32) × ERP
WACC = 95% × Ke + 5% × Kd (8.8%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 611.62 Current price: 334.85
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Mar 2014
actual
Mar 2015
actual
Mar 2016
actual
Mar 2017
actual
Mar 2018
actual
Mar 2019
actual
Mar 2020
actual
Mar 2021
actual
Mar 2022
actual
Mar 2023
actual
Mar 2024
actual
Mar 2025
actual
Mar 2026
3 Rev. Ana.
3 EPS Ana.
Mar 2027
2 Rev. Ana.
2 EPS Ana.
Mar 2028
3 Rev. Ana.
3 EPS Ana.
Mar 2029
1 Rev. Ana.
1 EPS Ana.
Revenue
17.22B
est: 17.47B (-1.4%)
20.73B
est: 21.45B (-3.3%)
23.81B
est: 23.75B (+0.2%)
26.43B
est: 26.88B (-1.7%)
23.73B
est: 23.73B (0.0%)
25.15B
est: 24.90B (+1.0%)
27.24B
est: 27.26B (-0.1%)
24.73B
est: 24.98B (-1.0%)
26.79B
est: 26.81B (-0.1%)
32.41B
est: 32.44B (-0.1%)
37.94B
est: 39.03B (-2.8%)
41.35B
est: 41.92B (-1.4%)
45.30B
45.09B – 45.53B
+8.0% YoY
49.41B
47.30B – 51.52B
+9.1% YoY
55.13B
51.72B – 56.96B
+11.6% YoY
60.40B
59.03B – 61.77B
+9.6% YoY
EBITDA
994.03M
est: 1.27B (-21.6%)
908.72M
est: 1.56B (-41.6%)
1.37B
est: 649.98M (+111.2%)
3.59B
est: 1.37B (+161.6%)
1.48B
est: 4.80B (-69.2%)
1.95B
est: 1.21B (+60.6%)
-815.37M
est: 1.70B (-147.8%)
2.71B
est: -3.10B (+187.6%)
1.86B
est: -3.47B (+153.7%)
1.52B
est: -3.64B (+141.8%)
2.14B
est: 2.53B (-15.2%)
3.32B
est: 2.71B (+22.2%)
2.93B
2.92B – 2.95B
+8.0% YoY
3.20B
3.06B – 3.34B
+9.1% YoY
3.57B
3.35B – 3.69B
+11.6% YoY
3.91B
3.82B – 4.00B
+9.6% YoY
EBIT
731.40M
est: 959.31M (-23.8%)
542.40M
est: 1.18B (-54.0%)
1.01B
est: 549.23M (+83.2%)
3.34B
est: 1.10B (+204.2%)
1.10B
est: 1.10B (+0.5%)
1.50B
est: 960.81M (+56.6%)
-1.31B
est: 1.62B (-181.1%)
2.25B
est: 757.91M (+197.0%)
1.34B
est: 849.65M (+58.0%)
960.02M
est: 890.41M (+7.8%)
1.54B
est: 1.90B (-19.2%)
2.62B
est: 2.04B (+28.5%)
2.20B
2.19B – 2.22B
+8.0% YoY
2.40B
2.30B – 2.51B
+9.1% YoY
2.68B
2.52B – 2.77B
+11.6% YoY
2.94B
2.87B – 3.01B
+9.6% YoY
Net Income
453.00M
est: 2.19B (-79.3%)
283.59M
est: 414.32M (-31.6%)
554.27M
est: 314.07M (+76.5%)
668.19M
est: 791.71M (-15.6%)
627.72M
est: 2.48B (-74.7%)
814.34M
est: 637.32M (+27.8%)
-1.60B
est: 918.56M (-274.5%)
1.50B
est: -1.51B (+199.6%)
965.69M
est: -1.69B (+157.2%)
579.76M
est: -1.77B (+132.8%)
1.07B
est: 1.48B (-28.1%)
1.88B
est: 1.99B (-5.3%)
1.72B
1.66B – 1.89B
-13.5% YoY
1.86B
1.70B – 1.94B
+8.4% YoY
2.30B
2.13B – 2.32B
+23.2% YoY
2.36B
2.20B – 2.48B
+2.8% YoY
SGA
2.27B
est: 1.11B (+105.4%)
1.41B
est: 1.36B (+3.9%)
1.14B
est: 2.95B (-61.3%)
1.36B
est: 3.72B (-63.5%)
1.06B
est: 1.84B (-42.3%)
1.11B
est: 2.65B (-58.1%)
1.15B
est: 3.25B (-64.8%)
982.65M
est: 2.86B (-65.6%)
1.14B
est: 3.21B (-64.4%)
2.20B
est: 3.36B (-34.5%)
3.19B
est: 2.96B (+7.8%)
3.40B
est: 3.18B (+7.0%)
3.43B
3.42B – 3.45B
+8.0% YoY
3.75B
3.59B – 3.91B
+9.1% YoY
4.18B
3.92B – 4.32B
+11.6% YoY
4.58B
4.48B – 4.68B
+9.6% YoY
EPS
4.95
est: 23.58 (-79.0%)
3.10
est: 4.46 (-30.5%)
6.06
est: 5.77 (+5.0%)
30.07
est: 9.35 (+221.7%)
6.86
est: 7.23 (-5.1%)
8.78
est: 9.64 (-9.0%)
-17.28
est: 5.73 (-401.6%)
16.39
est: 17.87 (-8.3%)
10.55
est: 13.50 (-21.9%)
6.33
est: 9.40 (-32.7%)
11.48
est: 15.98 (-28.2%)
20.29
est: 21.70 (-6.5%)
18.88
17.91 – 20.41
-13.0% YoY
19.65
18.36 – 20.94
+4.1% YoY
23.83
23.05 – 25.09
+21.2% YoY
25.50
23.75 – 26.75
+7.0% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-11 C 2/5 4/5 1/5 1/5 1/5 2/5 1/5
2026-05-08 C 2/5 4/5 1/5 1/5 1/5 2/5 1/5
2026-05-07 C 2/5 4/5 1/5 1/5 1/5 2/5 1/5
2026-05-06 C 2/5 4/5 1/5 1/5 1/5 2/5 1/5
2026-05-05 C 2/5 4/5 1/5 1/5 1/5 2/5 1/5
2026-05-04 C 2/5 5/5 1/5 1/5 1/5 2/5 1/5
2026-04-30 C 2/5 5/5 1/5 1/5 1/5 2/5 1/5
2026-04-29 C 2/5 5/5 1/5 1/5 1/5 2/5 1/5
2026-04-28 C 2/5 5/5 1/5 1/5 1/5 2/5 1/5
2026-04-27 C 2/5 5/5 1/5 1/5 1/5 2/5 1/5
2026-04-24 C 2/5 5/5 1/5 1/5 1/5 2/5 1/5
2026-04-23 C 2/5 5/5 1/5 1/5 1/5 2/5 1/5
2026-04-22 C 2/5 5/5 1/5 1/5 1/5 2/5 1/5
2026-04-21 C 2/5 5/5 1/5 1/5 1/5 2/5 1/5
2026-04-20 C 2/5 5/5 1/5 1/5 1/5 2/5 1/5
2026-04-17 C 2/5 5/5 1/5 1/5 1/5 2/5 1/5
2026-04-16 C 2/5 5/5 1/5 1/5 1/5 2/5 1/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
865.32M
OE per share TTM
9.32
Owner's Yield
2.46%
Maintenance CapEx ratio
52.02%
Maint CapEx / Avg PPE
20.3%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock

This company is not held by any ETF in our universe.

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
574.5K
Shares Outstanding
92.80M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Bhuvaneswari Nara Vice Chairperson & MD 132M female
Brahmani Nara Executive Director 106M female
Umakanta Barik Nodal Officer, Compliance Officer & Company Secretary 5M male
A. Prabhakara Naidu Chief Financial Officer male
Muddana Sambasiva Rao Ias Whole Time Director
Puneet Kusumbia Head of Marketing male
Sagi Rammohan Rao Senior Vice President male
Srideep Madhavan Nair Kesavan Chief Executive Officer male
Makarand Shastri Head of National Sales male
Amit Vijay Shetty Chief Human Resources Officer male
Jangam Samba Murthy Chief Operating Officer male
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits