Heritage Foods Limited

NSE: HERITGFOOD · Dairy Products

52W Range₹293 ₹540

Snapshot

Unlock Heritage Foods Limited's vital signs

Growth · Profitability · Valuation · Strength · Conviction

Company Overview

Business

Heritage Foods Limited is an Indian dairy company engaged in the procurement and processing of milk and value-added dairy products. The company operates across three primary segments: Dairy, Renewable Energy, and Feed.

Business Model

The company generates revenue primarily through the sale of fresh and value-added dairy products via a retail network of 859 Heritage Parlours and export channels. It also derives income from renewable energy generation and the manufacturing of cattle feed.

  • Heritage Parlour outlets:859
  • Solar power capacity:4.20 MW
  • Wind power capacity:6.30 MW

Growth Outlook

Growth is driven by the expansion of the value-added dairy product portfolio and the strengthening of the company's retail footprint. The company continues to leverage its export capabilities to reach markets in Europe, Asia, and the Gulf countries.

Key Risks

  • Supply Chain Volatility. Fluctuations in raw milk procurement prices and availability can significantly impact operating margins.
  • Food Safety Regulations. Strict adherence to food safety and quality standards is essential, and any failure could lead to product recalls and reputational damage.
  • Competitive Intensity. The Indian dairy sector is highly fragmented with intense competition from both organised players and unorganised local vendors.
  • Climate Dependency. The dairy business is susceptible to seasonal variations and climate-related factors that affect cattle health and milk yields.

Price

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Key Metrics

REVENUE

₹4,526 Cr

TTM · consolidated

+9.5%YoY

NET PROFIT

₹150 Cr

TTM · consolidated

-20.3%YoY

EPS

₹16.20

TTM · consolidated

-20.2%YoY

RETURN ON EQUITY

14.9%

TTM · consolidated

-7.3 ppYoY

RETURN ON CAPITAL EMPLOYED

17.6%

TTM · consolidated

-9.1 ppYoY

P/E

20.7x

Q4 FY26 · consolidated

20.7 vs 22.8x5Y avg

EV/EBITDA

11.6x

Q4 FY26 · consolidated

11.6 vs 14.7x5Y avg

EBITDA MARGIN

6.4%

TTM · consolidated

-2.2 ppYoY

NET PROFIT MARGIN

2.1%

Q4 FY26 · consolidated

-1.5 ppYoY

DEBT TO EQUITY

0.3x

Q4 FY26 · consolidated

+0.15xYoY

Peers · Dairy Products

CompanyMkt Cap (Cr)P/EEV/EBITDARev Gr YoYEBITDA MgnROEROCE1Y Return
Heritage Foods LimitedHERITGFOOD
2,86420.7211.619.5%6.4%14.9%17.6%-29.9%
Dodla Dairy LimitedDODLA
6,14124.2317.4010.9%8.9%18.1%18.2%-25.8%
Kwality Wall'sKWIL
5,587
Vadilal Industries LimitedVADILALIND
3,11730.4717.9021.2%18.3%21.8%24.3%+30.0%
Parag Milk Foods LimitedPARAGMILK
2,49420.4010.9611.2%8.1%12.5%17.1%-4.9%
Vadilal Enterp.VADILENT
88159.1420.544.2%3.8%-53.6%63.1%-4.1%

As of Q4 FY26

Financials