Financials Heritage Foods Limited

Equities

HERITGFOOD

INE978A01027

Food Processing

Market Closed - NSE India S.E. 05:13:55 19/07/2024 pm IST 5-day change 1st Jan Change
531 INR -1.01% Intraday chart for Heritage Foods Limited -1.55% +75.07%

Valuation

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 25,220 9,860 13,655 14,859 13,377 49,275 - -
Enterprise Value (EV) 1 25,220 9,860 13,655 14,859 13,377 31,441 48,575 47,918
P/E ratio 31 x -6.15 x 9.11 x 15.4 x 22.8 x 29.4 x 32.8 x 24.5 x
Yield 0.37% 1.18% 1.7% 1.56% 1.73% 0.74% 0.58% 0.67%
Capitalization / Revenue 1 x 0.36 x 0.55 x 0.55 x 0.41 x 0.83 x 1.17 x 1.03 x
EV / Revenue 1 x 0.36 x 0.55 x 0.55 x 0.41 x 0.83 x 1.16 x 1 x
EV / EBITDA 13.6 x 7.63 x 5.04 x 7.77 x 9.66 x 15.4 x 18.7 x 14.6 x
EV / FCF 120 x 210 x 16.8 x 14.6 x -9.3 x 12 x 63.8 x 34.2 x
FCF Yield 0.83% 0.48% 5.96% 6.83% -10.8% 8.35% 1.57% 2.92%
Price to Book 3.14 x 2.15 x 2.29 x 2.26 x 0.92 x 3.88 x 5.28 x 4.47 x
Nbr of stocks (in thousands) 46,398 46,398 46,398 46,398 92,796 92,796 - -
Reference price 2 543.6 212.5 294.3 320.2 144.2 531.0 531.0 531.0
Announcement Date 22/05/19 27/05/20 19/05/21 27/05/22 25/05/23 29/05/24 - -
1INR in Million2INR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 25,148 27,259 24,731 26,813 32,407 37,939 42,007 47,979
EBITDA 1 1,850 1,293 2,712 1,913 1,385 2,037 2,593 3,277
EBIT 1 1,404 791.5 2,249 1,387 821.1 1,422 1,893 2,511
Operating Margin 5.58% 2.9% 9.1% 5.17% 2.53% 3.75% 4.51% 5.23%
Earnings before Tax (EBT) 1 1,275 -1,534 2,025 1,307 817.4 1,451 2,017 2,696
Net income 1 814.3 -1,603 1,500 965.7 579.8 1,065 1,498 2,007
Net margin 3.24% -5.88% 6.07% 3.6% 1.79% 2.81% 3.57% 4.18%
EPS 2 17.55 -34.55 32.32 20.81 6.330 11.48 16.17 21.63
Free Cash Flow 1 209.5 47.06 813.2 1,014 -1,439 2,626 761.7 1,401
FCF margin 0.83% 0.17% 3.29% 3.78% -4.44% 6.92% 1.81% 2.92%
FCF Conversion (EBITDA) 11.32% 3.64% 29.99% 53.04% - 128.93% 29.37% 42.75%
FCF Conversion (Net income) 25.72% - 54.22% 105.05% - 246.46% 50.83% 69.82%
Dividend per Share 2 2.000 2.500 5.000 5.000 2.500 2.500 3.067 3.533
Announcement Date 22/05/19 27/05/20 19/05/21 27/05/22 25/05/23 29/05/24 - -
1INR in Million2INR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: March 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2024 Q1 2024 Q3 2024 Q4 2025 Q1
Net sales 1 6,049 6,194 6,481 6,703 6,670 6,959 8,209 8,162 7,860 - 9,580 9,430 10,380
EBITDA 778 478.3 533.6 637.4 407.8 319.9 239.1 - 326 - - - 866
EBIT - - - - - - - - - - - - 18
Operating Margin - - - - - - - - - - - - 0.17%
Earnings before Tax (EBT) - - - - - - - - - - - - 711
Net income 263.5 - 303 327.7 208.2 - 72.76 190.4 137.2 167.4 - - 522
Net margin 4.36% - 4.68% 4.89% 3.12% - 0.89% 2.33% 1.75% - - - 5.03%
EPS - - - - - - - - - 1.800 - - 5.600
Dividend per Share - - - - - - - - - - - - -
Announcement Date 29/01/21 19/05/21 28/07/21 21/10/21 21/01/22 27/05/22 29/07/22 18/10/22 20/01/23 31/07/23 - - -
1INR in Million
Estimates

Balance Sheet Analysis

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - - - 90 - -
Net Cash position 1 - - - - - 225 700 1,357
Leverage (Debt/EBITDA) - - - - - 0.0442 x - -
Free Cash Flow 1 209 47.1 813 1,014 -1,439 2,626 762 1,401
ROE (net income / shareholders' equity) 10.3% 9.12% 29.7% 16.5% 8.38% 13.9% 17.4% 19.5%
ROA (Net income/ Total Assets) - - - - - 8.86% 9% 12%
Assets 1 - - - - - 12,031 16,648 16,722
Book Value Per Share 2 173.0 99.10 128.0 142.0 156.0 87.10 101.0 119.0
Cash Flow per Share - - - - - - - -
Capex 1 1,270 1,120 926 465 834 1,273 1,225 1,176
Capex / Sales 5.05% 4.11% 3.75% 1.73% 2.57% 3.35% 2.92% 2.45%
Announcement Date 22/05/19 27/05/20 19/05/21 27/05/22 25/05/23 29/05/24 - -
1INR in Million2INR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
4
Last Close Price
531 INR
Average target price
443.3 INR
Spread / Average Target
-16.51%
Consensus

Quarterly revenue - Rate of surprise

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