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Heritage Foods (HERITGFOOD) had a P/E of 30.0× on 6 Nov 2026, above the industry P/E of 19.5×, and the shares are 24% below their 52-week high. Sales and net profit grew 12% and 37% a year over 3 years, with ROCE of 15% and ROE of 10%. Debt is 0.34× equity, and its dividend yield is 0.7%. It is a small-cap company with a market cap of ₹3,459 Cr, ranked 24th of 127 Packaged Foods companies by market cap; the shares fell 22% over the past year.

As of 6 Nov 2026Prices are delayed about 15 minutes; fundamentals are from the quarter ended Sep 2026.How we calculate this

past year
Open
₹377.35
Day high
₹377.40
Day low
₹368.05
Prev. close
₹377.35
Volume
1 L

Health check

1 good · 2 fair · 3 to check
  • ReturnsBehind

    −22.0% over a year, better than 2 of 7 peers.

  • Price tagPricier

    P/E 30.0 vs industry 19.5.

  • GrowthStrong

    Sales +11.8%, profit +37.3% a year over 3 years.

  • ProfitabilityAverage

    ROCE 14.9% vs peer median 15.3%.

  • Balance sheetFair

    Debt 0.34× equity, interest covered 13.3×, Piotroski 4 of 9.

  • Red flags2 to check

    Quarterly profit down 38.5% on a year ago.

Compared with 7 industry peers. Computed from reported figures. Educational, not a recommendation.

Packaged Foods

126 listed peers. Screen the industry

Small cap

₹3,459 Cr, #24 of 127 in its industry by size.

Defensive

Beta 0.33 vs the NIFTY 50: moves less than the market.

Key metrics

Last 12 months to Sep 2026: sales ₹4,934 Cr · profit ₹115 Cr
Market cap
₹3,459 Cr
Small cap
P/E
30.0
Industry 19.5
Price to book
3.04
Peers 8.88
Dividend yield
0.67%
ROE
10.5%
Peers 14.8%
ROCE
14.9%
Peers 15.3%
Debt to equity
0.34
Debt ₹384 Cr
EPS (TTM)
₹12.43
Face value ₹5
OPM (TTM)
5.1%
Net margin 2.3%
Sales growth
+18.6%
Latest quarter vs a year ago
Profit growth
−38.5%
Latest quarter vs a year ago
Price to sales
0.70
EV/EBITDA 14.5

Strengths and risks

Strengths

  • Quarterly sales up 18.6% on a year ago.

Risks to check

  • Quarterly profit down 38.5% on a year ago.
  • P/E of 30.0 against an industry P/E of 19.5.

Derived automatically from reported figures. Not a recommendation.

About Heritage Foods

Heritage Foods Limited procures and processes milk and milk products in India. The company operates through Dairy, Renewable Energy, and Feed segments. It offers milk, curd, butter milk, lassi, ice cream, frozen desserts, milkshakes, paneer, ghee, butter, cheese, fresh cream, cold coffee, cooking butter, milk powder, flavored milk, UHT milk, dairy whitener products, and other dairy drinkables and sweets; and operates and franchises Heritage Parlour…

Headquarters
Hyderabad
Employees
3,317
Sector
Consumer Defensive
ISIN
INE978A01027
Website
heritagefoods.in

Price range

52 weeks

₹292.55₹488.00

Today

₹368.05₹377.40
Avg volume (3M)
4.9 L
1-year return
minus 22.0%
From 52-week high
minus 23.6%

Peers · Packaged Foods

Compare with peersScreen the whole industry
Company
NESTLEINDNestle India1,282.10plus 1.89%2,47,22960.642.76–79.9%21.0%––0.94%minus 0.5%
BRITANNIABritannia Industries4,785.00minus 3.92%1,15,25543.227.1361.2%66.7%18.4%5.7%3.0%1.89%minus 15.5%
TATACONSUMTata Consumer Products1,086.30plus 0.80%1,07,51163.34.868.3%7.6%14.0%13.9%8.6%0.92%minus 8.6%
PATANJALIPatanjali Foods411.50plus 0.19%44,77622.73.4211.2%14.8%4.2%8.7%27.0%0.98%minus 28.6%
HATSUNHatsun Agro Product1,068.10plus 0.33%23,79266.012.0720.2%19.0%10.7%11.2%29.0%1.87%plus 2.4%
MILKYMISTMilky Mist Dairy Food297.20plus 0.93%22,88091.28.88–9.7%10.1%––0.00%plus 63.7%
AWLAWL Agri Business167.00minus 0.48%21,57318.71.9815.3%11.1%2.9%8.7%21.4%0.60%minus 39.5%
HERITGFOODHeritage Foods372.70minus 1.23%3,45930.03.0414.9%10.5%5.1%11.8%37.3%0.67%minus 22.0%
Median of 7 peers–0.33%44,77660.68.8815.3%14.8%10.7%8.7%21.4%0.94%−8.6%

Quarterly results

Consolidated, ₹ crore
SalesSelect a row below to chart it
₹ CrJun 25Dec 25Mar 26Jun 26Sep 26
1,1371,1191,1581,3381,320
1,0631,0561,1051,2761,246
73.96352.761.974
6.5%5.6%4.6%4.6%5.6%
47.866.43.4
4.23.95.38.27.3
18.720.421.826.527.5
–−0.10.3––
54.946.43233.542.6
26.2%25.4%25.1%25.6%27.6%
40.634.623.925.230.9
4.373.732.602.723.38

Sep 25 not reported by the data source.

Profit & loss

Yearly, ₹ crore
Sales CAGR 3Y
+11.8%
Profit CAGR 3Y
+37.3%
EPS CAGR 3Y
+36.8%
ROE
10.5%
Net profitSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
3,2393,7924,1324,523
–+17.1%+9.0%+9.5%
3,0953,5783,7954,250
144214337274
4.4%5.6%8.2%6.0%
−6.7−4.1−4.30.8
3.28.514.916.4
56.160.869.681
4.34.49.924.1
81.7145258201
29.1%26.6%27.1%25.3%
58107188150
–+83.8%+76.7%minus 20.3%
6.3311.4820.2916.22

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore
Total assetsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
46.446.446.446.4
6797629261,057
168132174361
231341412485
1,1251,2811,5581,950
6387198411,200
24.822.499.860.9
0.30.30.31.1
23.8210259260
438330358428
1,1251,2811,5581,950

Cash flow

Yearly, ₹ crore
Cash from operationsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
−60.5390214237
−82.6−252−229−375
126−75.91138
−16.862.2−140.2
−83.4−127−176−382
−14426337.5−145
−11.6−23.2−23.2−23.2

Shareholding pattern

Source: NSE filings
41.3%
promoters
  • Promoters41.30%
  • Public58.70%
  • As of 30 Sep 2026
QuarterSplitPromotersPublicPromoter change
30 Sep 202641.30%58.70%0.00
30 Jun 202641.30%58.70%0.00
31 Mar 202641.30%58.70%0.00
31 Dec 202541.30%58.70%0.00
30 Sep 202541.30%58.70%–

Major shareholders

NSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you