What is Heritage Foods Ltd (HERITGFOOD) share price return in the past 10 years?

Heritage Foods Ltd share price has appreciated 9.7% annually (CAGR) over the past ten years.

What is the share price of Heritage Foods Ltd (HERITGFOOD)?

Company share prices are keep on changing according to the market conditions. The current trading price of Heritage Foods Ltd (HERITGFOOD) on 02-Jul-2026 16:59:59 at 16:59 is 334.25.

What is the P/E ratio of Heritage Foods?

The latest standalone P/E ratio of Heritage Foods as of 02-Jul-2026 is 22.20.

What is the P/B ratio of Heritage Foods Ltd (HERITGFOOD)?

The latest standalone P/B ratio of Heritage Foods Ltd (HERITGFOOD) as of 02-Jul-2026 is 2.92.

What is the 52-week high and low of Heritage Foods Ltd (HERITGFOOD)?

The 52-week high of Heritage Foods Ltd (HERITGFOOD) is Rs. 541.60 and the 52-week low is Rs. 292.05.

Heritage Foods Ltd (HERITGFOOD) Share Analysis – Brand Strength, Quality & Valuation Zone & DeciZen Rating

Name: Heritage Foods Ltd (HERITGFOOD)
Brand: Heritage Foods

Key Metrics

Valuation Multiples

Market Cap

₹3,102 Cr.

Current Price

₹334.3

52-Week Low / High

₹292 / 542

TTM EPS

₹15.1

TTM Sales

₹4,415 Cr.

Book Value per Share

₹114.3

P/E Ratio

22.20

Lower than its 5-year historical median

Industry PE

Price to Book (P/B)

2.92

Lower than its 5-year historical median

Price to Sales (P/S)

0.70

Lower than its 5-year historical median

EV/EBITDA

12.44

In line with its 5-year historical median

Dividend Yield

0.75%

Profitability Efficiency

Return on Equity (ROE)

13.94%

Outperforms industry median

Return on Capital Employed (ROCE)

16.48%

Outperforms industry median

Return on Assets (ROA)

8.25%

Operating Profit Margin

5.6%

Net Profit Margin

3.16%

Gross Profit Margin

5.5%

Growth Momentum
1-yr vs 3-yr growth

Sales Growth (1 Year)

Slowing versus 3-year growth rate

8.2%

Operating Profit Growth (1 Year)

Slowing versus 3-year growth rate

-21.25%

Net Profit Growth (1 Year)

Slowing versus 3-year growth rate

-16.88%

Asset Quality

Promoter Holding

41.30%

Pledged shares (%) of Promoter's holding (%)

0.00%

Reserves

₹1,014 Cr.

Equity

₹46.4 Cr.

Face Value

₹5

All Time Low / High

₹0.38 / 727.90

Heritage Foods stock performance

Key Ratios

Check Before You Invest

Quality

Locked

Valuation

Locked

Price Trend

Locked

Q.1 Is Heritage Foods Ltd a good quality company?

Heritage Foods Ltd is a good quality company, based on a consistently good multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

How has it performed on generating Profits?
By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.
How efficiently has it utilized Capital?
By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.
How is it managing its Debt?
By checking its Debt to Equity and Cash Flow from Operations.

How does Heritage Foods Ltd performance compare with that of its Peers?

Q.1 Revenue growth of Heritage Foods Ltd vs industry peers?

Heritage Foods Ltd revenue CAGR is 8.76%, compared to the industry median CAGR of 7.03%, indicating faster growth and gaining its market share.

Q.1 Promoter shareholding and pledge status of Heritage Foods Ltd?

Promoters hold 41.30% of the Heritage Foods Ltd, with 0.00% of their stake pledged, indicating no pledge risk.

Q.1 Stock return of Heritage Foods Ltd over the last decade?

Over the last 9 year(s), the stock has delivered a CAGR of 9.5% based on the current price.

10 Year X-Ray : Login to view analysis.

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	Mar'26	TTM
ROCE % ⓘ	60.2%	11.9%	14.1%	-13.3%	30.9%	21.4%	12.4%	15.5%	25.3%	16.5%	-
Value Creation Index ⓘ	3.3	-0.2	0.0	-2.0	1.2	0.5	-0.1	0.1	0.8	0.2	-
Growth Parameters ⓘ
Sales ⓘ	1,871	2,344	2,482	2,681	2,407	2,643	3,209	3,734	4,080	4,415	4,415
Sales YoY Gr.	-	25.3%	5.9%	8%	-10.2%	9.8%	21.4%	16.4%	9.3%	8.2%	-
Adj EPS ⓘ	34.9	6.2	9	-0.8	16.1	10.8	6.7	10.6	18.4	13.2	15.1
YoY Gr.	-	-82.3%	45.3%	-109.3%	NA	-33.1%	-37.5%	57.7%	73.5%	-28.3%	-
BVPS (₹) ⓘ	64.5	84.7	87.6	50.2	64.6	71.8	79.1	86.2	101.7	114.3	114.3
Adj Net Profit ⓘ	320	56.8	82.4	-7.7	147	98.6	62.4	98.4	171	122	140
Cash Flow from Ops. ⓘ	88.4	138	143	124	164	144	-60.8	375	200	225	-
Debt/CF from Ops. ⓘ	1.7	2	2	2.3	0.3	0	-2.1	0.2	0.7	1.4	-

CAGR ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	10%	12.9%	11.2%	8.2%
Adj EPS ⓘ	-10.3%	-3.9%	25.2%	-28.3%
BVPSⓘ	6.6%	12.1%	13.1%	12.4%
Share Price	9.7%	6.8%	15.8%	-31.9%

Key Financial Parameters ⓘ

	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	Mar'26	TTM
Return on Equity % ⓘ	76.7	8.3	10.4	-1.2	27.9	15.7	8.9	12.8	19.5	12.2	13.2
Op. Profit Mgn % ⓘ	7.9	5.6	7.5	5	10.6	7.2	4.3	5.3	7.7	5.6	5.6
Net Profit Mgn % ⓘ	17.1	2.4	3.3	-0.3	6.1	3.7	2	2.6	4.2	2.8	3.2
Debt to Equity ⓘ	0.3	0.4	0.4	0.6	0.1	0	0.2	0.1	0.1	0.3	0.2
Working Cap Days ⓘ	35	26	28	28	32	32	37	36	34	37	25
Cash Conv. Cycle ⓘ	15	13	14	15	19	22	26	21	14	14	8

Profit And Loss

(All Figures are in Crores.)

PARTICULARS	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	Mar'26
Sales	1,871	2,344	2,482	2,681	2,407	2,643	3,209	3,734	4,080	4,415
Operating Expenses ⓘ +	1,762	2,602	2,430	3,058	2,156	2,454	3,072	3,535	3,767	4,168
Manufacturing Costs	108	130	142	150	130	163	215	231	274	290
Material Costs	1,420	1,836	1,882	2,116	1,736	1,973	2,482	2,854	2,942	3,254
Employee Cost	98	120	137	150	170	177	204	248	302	315
Other Costs ⓘ	136	517	269	642	119	141	172	202	250	310
Operating Profit ⓘ	109	-259	52	-377	251	189	137	199	313	247
Operating Profit Margin (%)	5.8%	-11.0%	2.1%	-14.1%	10.4%	7.1%	4.3%	5.3%	7.7%	5.6%
Other Income ⓘ +	250	403	142	303	8	10	11	12	27	24
Exceptional Items ⓘ	0	0	0	0	0	-9	0	-17	-23	10
Interest ⓘ	11	19	22	22	19	5	5	9	17	18
Depreciation ⓘ	25	37	44	48	44	50	54	58	67	76
Profit Before Tax ⓘ	323	88	129	-145	196	135	89	127	233	186
Tax ⓘ	31	28	45	15	51	34	23	36	65	46
Profit After Tax	293	60	83	-160	145	102	66	91	168	140
PAT Margin (%)	15.6%	2.6%	3.4%	-6.0%	6.0%	3.8%	2.1%	2.4%	4.1%	3.2%
Adjusted EPS (₹)	32.0	6.6	9.1	-17.5	15.9	11.1	7.1	9.8	18.1	15.1
Dividend Payout Ratio (%)	3.20%	15.40%	11.10%	-7.30%	16%	22.90%	35.20%	25.50%	13.80%	16.60%

Valuation of Heritage Foods - Standalone

YTD 1Y 3Y 5Y 10Y Max

Analyst's Notes

No data found!

Balance Sheet

(All Figures are in Crores.)

PARTICULARS	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	Mar'26
Equity and Liabilities
Shareholders Fund +	590	775	802	459	591	657	734	800	944	1,061
Share Capital ⓘ	23	23	23	23	23	23	46	46	46	46
Reserves ⓘ	567	752	779	436	567	634	687	754	898	1,014
Debt +	135	241	246	243	27	2	125	74	109	275
Long Term Debt	69	138	154	160	26	2	1	74	109	223
Short Term Debt	66	102	92	83	0	0	124	0	0	52
Minority Interest	0	0	0	0	0	0	0	0	0	0
Trade Payables	51	66	63	57	33	48	74	138	166	181
Others Liabilities ⓘ	190	604	484	203	208	183	189	248	299	352
Total Liabilities ⓘ	966	1,685	1,595	962	858	891	1,121	1,260	1,518	1,869
Fixed Assets
Net Fixed Assets ⓘ +	279	412	450	433	534	535	577	662	703	1,075
Gross Block	296	450	529	550	691	725	804	934	1,027	1,460
Accumulated Depreciation	17	38	79	117	157	190	227	272	324	385
CWIP ⓘ	8	9	22	77	18	7	20	20	68	50
Investments ⓘ	478	1,018	860	186	49	60	65	172	213	224
Inventories	116	151	132	136	189	196	366	249	342	301
Trade Receivables	11	10	40	21	15	18	28	29	38	65
Cash Equivalents	46	61	65	55	21	35	19	83	68	62
Others Assets ⓘ	28	25	26	54	33	40	46	45	86	92
Total Assets ⓘ	966	1,685	1,595	962	858	891	1,121	1,260	1,518	1,869

Cash Flow

(All Figures are in Crores.)

PARTICULARS	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	Mar'26
Cash Flow From Operating Activity ⓘ +	88	138	143	124	164	144	-61	375	200	225
PBT ⓘ	323	88	129	-145	196	135	89	127	233	186
Adjustment ⓘ	-175	47	62	283	66	52	48	76	82	75
Changes in Working Capital ⓘ	-15	30	-11	5	-47	-9	-175	209	-53	4
Tax Paid ⓘ	-29	-28	-37	-19	-51	-35	-23	-37	-62	-39
Cash Flow From Investing Activity ⓘ +	-90	-217	-119	-104	69	-41	-82	-242	-218	-373
Capex	-74	-138	-105	-99	-65	-40	-79	-123	-166	-382
Net Investments	0	-0	-8	-0	130	-9	-3	-119	-49	26
Others ⓘ	-16	-79	-5	-4	5	8	-1	-0	-3	-17
Cash Flow From Financing Activity ⓘ +	-16	58	-11	-21	-185	-90	127	-71	3	142
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	21	85	20	13	-151	-48	-2	88	46	139
Interest Paid ⓘ	-9	-16	-20	-20	-17	-2	-3	-8	-14	-19
Dividend Paid ⓘ	-7	-9	-9	-9	-12	-35	-12	-23	-23	-23
Others ⓘ	-22	-2	-2	-5	-4	-4	143	-128	-5	46
Net Cash Flow ⓘ	-18	-21	13	-0	49	13	-16	62	-15	-5

Financial Ratio

PARTICULARS	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	Mar'26
Ratios
ROE (%)	70.78	8.85	10.59	-25.38	27.66	16.27	9.47	11.87	19.27	13.94
ROCE (%)	60.15	11.92	14.1	-13.33	30.9	21.37	12.35	15.48	25.32	16.48
Asset Turnover Ratio	2.43	1.77	1.51	2.02	2.76	3.15	3.32	3.26	3.05	2.7
PAT to CFO Conversion(x)	0.3	2.3	1.72	N/A	1.13	1.41	-0.92	4.12	1.19	1.61
Working Capital Days
Receivable Days	3.90	1.70	3.70	4.30	2.60	2.20	2.50	2.70	2.90	4.10
Inventory Days	25.50	20.80	20.80	19	23.60	25.50	30.70	29	25.50	25.60
Payable Days	17.40	11.60	12.50	10.30	9.40	7.50	9	13.50	18.80	19.40

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Heritage Foods Ltd FAQs

The current trading price of Heritage Foods on 02-Jul-2026 16:59 is ₹334.2.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 01-Jul-2026 the market cap of Heritage Foods stood at ₹3,101.7 Cr

The latest P/E ratio of Heritage Foods as of 01-Jul-2026 is 22.20.

The latest P/B ratio of Heritage Foods as of 01-Jul-2026 is 2.92.

The 52-week high of Heritage Foods is ₹541.6 and the 52-week low is ₹292.1.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Heritage Foods is ₹4,415 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that Heritage Foods Ltd is a good quality company.

The key valuation ratios of Heritage Foods Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Heritage Foods Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

About Heritage Foods Ltd

The Heritage Foods was founded by Mr. Nara Chandrababu Naidu in the year 1992, which is one of the fastest growing Public Listed Companies in India. Heritage's milk and milk products have a market presence in Andhra Pradesh, Telangana, Karnataka, Kerala, Tamil Nadu, Maharastra, Odisha, NCR Delhi, Haryana, Rajasthan, Uttarakhand & Uttar Pradesh. In the year 1994, Heritage Foods went public and was oversubscribed 54 times. Heritage Foods shares are listed on BSE and NSE.

Business area of the company

Heritage Foods is engaged in two key business verticals - Dairy and Renewable Energy

Business verticals

Dairy

Milk
UHT Milk
Curd
Buttermilk
Ice-Creams
Frozen Desserts
Lassi
Flavoured Milk
Milkshake
Paneer
Sweets
Ghee
Butter
Skimmed Milk Powder

Renewable Energy

Awards

2013: Fortune-50 Most Powerful Business Women- Mrs. N Bhuvaneswari, Vice Chairperson and Managing Director of the Company was named the Most Powerful Business Woman in India for the year 2013. Ranked 45th in the List of Fortune-50.
2014: Economics Times- The Company was listed among the top 500 Indian Companies for the year 2014 as compiled by the Economic Times, on the basis of Industry Reputation and Key Financial Parameters.
2014: ‘Most Admired Retailer of the Year 2014’- The Retail division of the Company has received the “Most Admired Retailer of the year 2014 Award” in the Food & Grocery Segment from India Retail Forum Mumbai in September, 2014
2014: National Energy Conservation Award- The Dairy Division of the Company has received the 1st Prize in ‘National Energy Conservation Award’ in the Dairy sector from the Ministry of Power, Govt of India in December, 2014.
2015: COCA COLA Golden Spoon Award- The Retail Division of the Company has received the ‘COCA COLA Golden Spoon Award 2015’ for being the Regional Chain’s Most Admired Food & Grocery Retailer of the Year’ at India Food Forum, Mumbai in January, 2015.
2015: National Energy Conservation Award- The Gokul Plant has received the 1st Prize in the ‘National Energy Conservation Award’ in the Dairy sector from the Ministry of Power, Govt of India in December, 2015
2016: COCA COLA Golden Spoon Award 2016- The Retail Division of the Company has received the ‘COCA COLA Golden Spoon Award’ 2016 for being the Most Admired Food & Grocery Retailer of the Calendar Year 2015
2016: Great Indian Ice Cream Contest 2016 Season-5- The Company received the Gold Award in Kool Kids, i.e., 1st Prize on an All India level
2016: Golden Peacock Award for Excellence in Corporate Governance- The Company has been declared the Winner of the ‘Golden Peacock Award for Excellence in Corporate Governance’ for the year 2016.
2016: National Energy Conservation Award- The Uppal Plant has received the 1st Prize in the ‘National Energy Conservation Award’ in the Dairy sector from the Ministry of Power, Govt of India during the year 2016.
2016: 100 Most Influential CFO’s in India- The Chief Financial Officer (CFO) of the Company has been conferred an Award by the London-based Chartered Institute of Management Accountants (CIMA), thereby joining CIMA's elite list of '100 Most Influential CFOs' during the year 2016.
2016: Most Innovative 100 CIOs/CTOs of India- The IT Head of the Company has been awarded by the organisation www.indiasgreatest.com as one of the '100 Most Innovative CIOs of India' during the year 2016.
2016: Excellence Awards in Corporate Social Responsibility- The Company bagged FTAPCCI Excellence Awards in Corporate Social Responsibility during the year 2016.
2017: Golden Peacock Award for Excellence in Corporate Governance- The Company bagged the “Golden Peacock Award for Excellence in Corporate Governance” for the year 2017.
2017: National Energy Conservation Award- The Company won the Prestigious National Energy Conservation Awards (NECA - 2017) in the Dairy sector for the year 2017.
2017: Hyderabad CFO Leadership Award- Mr. A Prabhakara Naidu, CFO of the Company, won the Hyderabad CFO Leadership Award from the World CSR Day and World Sustainability.
2017: Telangana Best Employer Brand Award 2017- The Company received the Telangana Best Employer Brand Award 2017 from the World CSR Day and World Sustainability.
2017: ICAI Awards 2017-The Institute of Chartered Accountants of India in its 11th ICAI Awards, 2017 conferred Award for Excellent CA-CFO in the Agriculture & Allied Services Sector to Mr. A. Prabhakara Naidu, Chief Financial Officer of the Company.
2018: 100 Top HR Mind in India Award- Mr. Dheeraj Tandon, Head HR, has received the 100 Top HR Minds in India Award from the World HRD Congress.
2018: Won India Food Safety Summit Award by Confederation of Indian Industry
2020: Won India Food Safety Summit Award
2020: Won India Dairy Award

Milestones

1992- Incorporation of the Company on June 5, 1992
1993- Commenced commercial production on April 26, 1993
1994- Initial Public Offering which was over-subscribed 54 times
2002- Buyback of shares
2006- Started Retail division - Heritage Fresh Stores
2007-08- Launched value-added products like curd, lassi, buttermilk, paneer, flavoured milk and frozen dessert
2007-08- First exclusive franchise
2007-08- Started Agri division
2013- Set up first solar energy plant
2013- Awarded 1:1 bonus equity shares to shareholders
2013- VP & MD, Mrs. N. Bhuvaneswari named among the 50 M
2014- Entered into India’s prestigious list of
2014- ET Top 500 Companies
2016- Commissioned the first wind power plant
2016- Received the Golden Peacock Award in Corporate Governance
2016- Received Board approval regarding demerger of retail undertaking
2017- Revamped the Heritage brand in our Silver Jubilee Year
2017- Launched Polypropylene (PP) flavoured milk
2017- Established Heritage Nutrivet Limited, a subsidiary for cattle-feed
2017- Received Golden Peacock Award for Excellence in Corporate Governance
2018- Launched Alpenvie Ice-cream range

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Heritage Foods Ltd (HERITGFOOD)

Heritage Foods Ltd (HERITGFOOD)

Heritage Foods stock performance

Check Before You Invest

Quality

Valuation

Price Trend

10 Year X-Ray : Login to view analysis.

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Value Creation ⓘ

Growth Parameters ⓘ

CAGR ⓘ

Key Financial Parameters ⓘ

Profit And Loss

Valuation of Heritage Foods - Standalone

Price Calculator

Price Chart

Price to Earnings

Price to Sales

Price to Book

EV to EBITDA

Dividend History

Price Calculator

Price Chart

Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

Balance Sheet

Equity and Liabilities

Fixed Assets

Cash Flow

Financial Ratio

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Heritage Foods Ltd FAQs

What is the share price of Heritage Foods?

What is the market cap of Heritage Foods?

What is the P/E ratio of Heritage Foods?

What is the P/B ratio of Heritage Foods?

What is the 52-week high and low of Heritage Foods?

What is the TTM revenue of Heritage Foods?

Is Heritage Foods Ltd a good quality company?

Is Heritage Foods Ltd undervalued or overvalued?

Is Heritage Foods Ltd a good buy now?

About Heritage Foods Ltd

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