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Swing Capital

Heritage Foods Ltd

NSE: HERITGFOOD BSE: 519552Energy

Incorporated in 1992, Heritage Foods Ltd is in the business of Dairy, Renewable energy, and Animal feed[1]

₹325
52W: ₹292 — ₹542
PE 22.7 · Book ₹115 · +183% vs book
Market Cap₹3,014 Cr
Stock P/E22.7Price to Earnings
ROCE15.2%Return on Capital
ROE13.2%Return on Equity
Div. Yield0.76%Face Value ₹5

Strengths

  • +Company has been maintaining a healthy dividend payout of 18.6%

Shareholding Pattern

Promoters41.3%
FIIs2.21%
DIIs6.21%
Public50.28%
CategoryJun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters41.3%41.3%41.3%41.3%41.3%41.3%41.3%41.3%
FIIs3.33%8.27%▲4.96.65%▼1.66.42%▼0.26.16%▼0.34.6%▼1.63.95%▼0.62.21%▼1.7
DIIs3.91%3.89%▼0.03.98%▲0.14.05%▲0.14.14%▲0.14.31%▲0.24.88%▲0.66.21%▲1.3
Public51.48%46.56%▼4.948.08%▲1.548.23%▲0.148.41%▲0.249.78%▲1.449.86%▲0.150.28%▲0.4

Financial Statements

MetricDec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales9239361,0201,0061,0201,0351,1191,0901,0911,114
Expenses8738699299279529611,0511,0191,0351,065
Operating Profit49679079687468725750
OPM %5%7%9%8%7%7%6%7%5%4%
Net Profit27235848412138483023
EPS ₹2.922.526.255.24.452.214.075.223.292.48

AI Insights

Revenue Trend

Mar 2026 revenue at ₹4,415Cr, up 8.2% YoY. OPM at 6%.

Debt Position

Borrowings at ₹360Cr. Debt-to-equity ratio: 0.35x. Healthy balance sheet.

Capex Cycle

CWIP at ₹47Cr (4% of fixed assets). Moderate ongoing capital expenditure.

Institutional Flow

DIIs: 6.21% (-9.67pp change). FIIs: 2.21% (+0.14pp change). Promoters hold 41.3%.

Margin & Efficiency

ROCE declining from 17% (Mar 2015) to 15% (Mar 2026). Working capital days: 8.

Valuation

PE 22.7x with 15.2% ROCE. Price is 183% above book value of ₹115. Dividend yield: 0.76%.

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