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Heritage Foods Limited

NSE: HERITGFOOD · Fast Moving Consumer Goods

₹372.70-1.23%06 Nov 2026

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Instant answers about Heritage Foods Limited — computed from its filings, no language model
Market cap₹3,459 cr
Current price₹372.70
High / Low₹492 / ₹294
P/E43.4
P/B3.04
Book value₹122.5
ROE7.0%
ROCE12.1%
Debt / equity0.30
Dividend yield0.67%
EPS (TTM)₹8.60
Face value₹5

Price & valuation

split & bonus adjusted · pick a metric and range

Annual performance

annual · ₹ crore · line = operating margin
showing latest 6 of 9 periods
FY18FY19FY20FY21FY22FY23FY24FY25FY26
Revenue2,3732,5152,7262,4732,6813,2413,7944,1354,526
EBITDA-25754-383262191130203324265
Operating margin-10.8%2.1%-14.1%10.6%7.1%4.0%5.4%7.8%5.9%
Interest182123194491517
Depreciation384550465256617081
Profit before tax90128-15220313182145258201
Tax274515533424397051
Net profit6381-1601509758107188150
EPS ₹13.5317.55-34.5532.3220.816.3311.4820.2916.22
Operating cash flow————148-61390214237
Capex————4683127176382
Dividend paid————3512232323
Total assets—————1,1251,2811,5581,950
Equity—————7268089721,103

Quarterly performance

last 35 quarters · ₹ crore
showing latest 8 of 35 periods
MAR '18JUN '18SEP '18DEC '18MAR '19JUN '19SEP '19DEC '19MAR '20JUN '20SEP '20DEC '20MAR '21JUN '21SEP '21DEC '21MAR '22JUN '22SEP '22DEC '22MAR '23JUN '23SEP '23DEC '23MAR '24JUN '24SEP '24DEC '24MAR '25JUN '25SEP '25DEC '25MAR '26JUN '26SEP '26
Revenue5626426196196357216806726536396106056196486706676968218167868189249799419511,0331,0201,0341,0481,1371,1131,1191,1581,3381,320
Operating profit-517-98-8-2310-118-21-3275636574553644132244033403947526994837478747763526274
Operating margin-0.9%2.7%-15.8%-1.3%-3.6%1.4%-17.4%-3.1%-50.1%8.8%6.0%9.5%7.3%8.2%9.5%6.1%4.5%2.9%4.9%4.1%4.8%4.2%4.8%5.5%7.2%9.1%8.2%7.2%7.5%6.5%6.9%5.6%4.5%4.6%5.6%
Other income523014855713914355139682143332333332356787558663
Interest66556655665531111100232233444444587
Depreciation1011111111131313121211111213131313131414151515161617171818192021222627
Profit before tax323235313131716-20710622423342443018122621262432385578675954566846323443
Tax121013101112-4431019169101185375878914191916161417128912
Net profit2121201922201415-2099632624303321137191418172227405849433841510242531
EPS ₹4.454.484.364.074.644.313.073.15-45.0920.780.635.685.236.537.064.492.731.574.102.961.931.802.422.904.366.305.244.644.114.375.503.732.602.723.38
Revenue YoY————13.1%12.4%9.7%8.7%2.8%-11.4%-10.2%-10.0%-5.1%1.4%9.9%10.3%12.4%26.7%21.8%17.8%17.5%12.5%19.9%19.7%16.3%11.8%4.2%9.9%10.3%10.1%9.1%8.2%10.4%17.7%18.6%
Profit YoY————4.4%-3.8%-29.4%-22.6%-1071.7%381.8%-79.6%80.1%—-68.6%1024.4%-21.0%-47.7%-76.0%-41.8%-34.1%41.3%129.9%17.6%96.1%125.9%249.0%117.0%60.0%-5.8%-30.5%4.9%-100.0%-37.3%-38.5%-39.5%

Earlier results (standalone, Sep '07 – Dec '17)

₹ crore · from BSE, before the NSE XBRL filings begin

Heritage Foods Limited reports consolidated figures above. Quarterly consolidated results only became mandatory in India in 2019, so the earlier history available is the standalone company only (excluding subsidiaries). It is shown separately so the two bases are never mixed.

Full years

FY11†FY12†FY14†FY15†FY16†FY17†
Revenue1,0961,3941,7222,0732,3812,273
Operating profit34519582131136
Operating margin3.1%3.6%5.5%4.0%5.5%6.0%
Other income535775
Interest161813161511
Depreciation202125343533
Profit before tax31462398697
Tax2416113131
Net profit1945285567

Quarters

showing latest 8 of 39 periods
SEP '07†DEC '07†MAR '08†JUN '08†SEP '08†DEC '08†JUN '09†SEP '09†DEC '09†JUN '10†SEP '10†DEC '10†MAR '11†JUN '11†SEP '11†DEC '11†MAR '12†JUN '12†SEP '12†DEC '12†JUN '13†SEP '13†DEC '13†MAR '14†JUN '14†SEP '14†DEC '14†MAR '15†JUN '15†SEP '15†DEC '15†MAR '16†JUN '16†SEP '16†DEC '16†MAR '17†JUN '17†SEP '17†DEC '17†
Revenue144158164189213198218219222254273271299317350360366414402391436425424438506512511544578587583633634641667331609608574
Operating profit-3-3-9-6-46891374149914141420272729212718181718282835303735333929242236
Operating margin-2.2%-2.0%-5.7%-3.3%-2.1%3.2%3.8%4.1%5.9%2.8%1.6%5.1%3.0%2.7%3.9%4.0%3.8%4.9%6.7%6.9%6.6%5.0%6.3%4.2%3.6%3.4%3.6%5.2%4.8%6.0%5.1%5.9%5.6%5.1%5.8%8.8%3.9%3.7%6.3%
Other income130222322111311111111112111421131111121
Interest334334444444455455533334443444343224444
Depreciation3324445555555555555666768899899999104999
Profit before tax-8-721-12-101226-1-352-146510181820131810767201724182725222823131124
Tax12-4-4-300030011-01122365344112769799688529
Net profit-9-925-8-70123-1-452-13438141215101475551311151118171620158915
EPS ₹——24.74-7.25-0.640.131.161.892.84-1.28-3.374.241.37-0.462.223.682.667.3312.5610.5412.664.385.842.982.282.082.365.434.626.594.907.787.126.779.026.743.301.913.24
Revenue YoY————47.5%25.2%15.5%3.0%12.2%16.3%24.4%22.0%—24.9%28.6%33.0%22.4%30.5%14.8%8.6%5.2%5.7%8.3%—16.1%20.6%20.5%24.3%14.4%14.5%14.1%16.3%9.6%9.3%14.5%-47.7%-3.9%-5.2%-13.9%
Profit YoY————————1943.8%-209.7%-278.8%49.5%———-13.1%93.7%—465.6%186.1%73.7%-29.8%11.4%—-63.9%-52.5%-59.6%82.1%102.3%216.6%107.5%43.3%54.1%2.7%75.4%-18.8%-53.7%-43.4%-24.7%

Returns & margins

trailing-twelve-month, per quarter
showing latest 8 of 32 periods
DEC '18MAR '19JUN '19SEP '19DEC '19MAR '20JUN '20SEP '20DEC '20MAR '21JUN '21SEP '21DEC '21MAR '22JUN '22SEP '22DEC '22MAR '23JUN '23SEP '23DEC '23MAR '24JUN '24SEP '24DEC '24MAR '25JUN '25SEP '25DEC '25MAR '26JUN '26SEP '26
ROE———————————————8.9%7.8%8.0%9.3%9.5%11.3%13.2%18.3%19.6%21.4%19.4%17.5%16.6%12.4%10.5%9.1%7.0%
ROCE———————————————13.1%11.7%10.4%12.0%14.4%16.8%17.5%23.5%25.0%27.4%24.7%22.8%20.7%19.7%15.4%14.1%12.1%
Net margin3.3%3.2%3.1%2.8%2.6%-5.9%-3.2%-3.7%-3.3%6.1%3.4%4.5%4.2%3.6%2.6%2.0%1.7%1.8%2.0%2.0%2.3%2.8%3.8%4.4%4.7%4.6%4.0%4.0%2.9%2.6%2.1%1.6%
EBITDA margin-3.8%-4.4%-4.6%-5.2%-5.6%-16.7%-15.5%-9.9%-7.1%7.9%7.8%8.7%7.8%7.1%5.6%4.5%4.1%4.2%4.5%4.5%4.8%5.4%6.7%7.5%7.9%8.0%7.3%7.0%6.6%5.9%5.4%5.1%
Debt / equity———————————————0.010.010.190.190.030.030.110.110.120.120.140.140.170.170.290.290.30
Interest coverage7.216.956.935.514.79-5.74-2.29-1.70-0.6011.6010.6916.3225.8634.4932.9233.5331.5422.9016.2814.6214.4717.3622.6421.3419.6517.7415.5815.6214.9612.759.467.26
Asset turnover———————————————3.153.272.882.973.303.452.963.052.842.912.652.722.612.662.322.422.47

Balance sheet

equity vs borrowings over time · ₹ crore
showing latest 6 of 9 periods
SEP '22MAR '23SEP '23MAR '24SEP '24MAR '25SEP '25MAR '26SEP '26
Share capital234646464646464646
Other equity / reserves6496796957628459269971,0571,090
Total equity6727267428088919721,0441,1031,137
Borrowings91342493104136179324345
Current liabilities218315219307319377365494446
Non-current liabilities6285101166179210253348412
Total assets9531,1251,0621,2811,3891,5581,6631,9501,998
Property, plant & equipment5676136276977127418021,1391,170
Capital work-in-progress18201520166815947129
Investments941591140303196261186174
Inventories114379193262171355201318260
Receivables382831294438457179
Cash & equivalents731642798064806558

Cash flow

annual · ₹ crore · line = free cash flow
FY22FY23FY24FY25FY26
Cash from operations148-61390214237
Cash from investing-42-83-252-229-375
Cash from financing-93126-761138
Capex4683127176382
Free cash flow101-14426337-145
Dividends paid3512232323

Where the assets sit

Sep '26 · ₹ crore
Fixed assets (PPE)
₹1,170 cr59%
CWIP
₹129 cr6%
Investments
₹174 cr9%
Inventories
₹260 cr13%
Receivables
₹79 cr4%
Cash & equivalents
₹58 cr3%
Other assets
₹128 cr6%

Peer comparison

largest in Fast Moving Consumer Goods · this company in bold
CompanyMarket cap ₹crPriceP/EP/BROE
Hindustan Unilever Ltd.4,69,6241,998.4031.29.6230.8%
ITC Ltd.3,54,801283.1518.84.9726.4%
Nestle India Ltd.2,47,2291,282.10244.942.8017.5%
Varun Beverages Ltd.1,48,153438.0042.76.8116.0%
Marico Ltd.1,16,708897.7557.824.6542.6%
Britannia Industries Ltd.1,15,2714,785.0043.227.1362.9%
Tata Consumer Products Ltd.1,07,5111,086.3063.24.867.7%
United Spirits Ltd.1,02,8051,418.0055.611.3420.4%
Godrej Consumer Products Ltd.87,083851.0041.26.9016.8%
Dabur India Ltd.67,474380.3533.35.8717.6%
Heritage Foods Limited3,459372.7043.43.047.0%

StoxGud checklist: Neutral setup · 4/10

  • Price above 50-day average
  • Price above 200-day average
  • 50-day average above 200-day (uptrend)
  • RSI in healthy 40–70 zone
  • Positive 1-year return
  • Return on equity above 15%
  • Debt to equity below 1
  • Revenue growing year on year
  • Net profit margin above 10%
  • P/E below industry median

A rules-based screen of trend, momentum, quality and valuation. Educational only — not a buy or sell recommendation.

Returns & technicals

1 month-6.5%
6 months+2.2%
1 year-23.9%
3Y CAGR+18.2%
5Y CAGR+7.6%
10Y CAGR+5.4%
50-day avg₹386.42
200-day avg₹353.29
RSI (14)34

FAQs

What is the share price of Heritage Foods Limited?

Heritage Foods Limited (HERITGFOOD) closed at ₹372.70 on NSE on 06 Nov 2026.

What is the market cap of Heritage Foods Limited?

₹3,459 crore at the latest close.

What is the P/E ratio of Heritage Foods Limited?

43.4, on trailing-twelve-month earnings from its filings.

How fast is Heritage Foods Limited growing?

Heritage Foods Limited: revenue has compounded at 11.8% a year over three years; net profit at 37.3% a year. Latest-quarter revenue is up 18.6% year on year, profit down 39.5%.

How profitable is Heritage Foods Limited?

On a trailing-twelve-month basis return on equity is 7.0%, return on capital employed 12.1%, operating margin 5.1%, net margin 1.6%.

How much debt does Heritage Foods Limited have?

Heritage Foods Limited is lightly geared: debt to equity is 0.30 with borrowings of ₹345 cr against cash of ₹58 cr (balance sheet of 2026-09-30). Operating profit covers interest 7.3 times.

Financials parsed from Heritage Foods Limited's own XBRL filings to NSE (consolidated), ₹ crore unless marked. Quarterly from MAR '18, annual from FY18, balance sheet from Sep '22. * = derived (full year or half year minus earlier quarters). Information only, not investment advice.