HERITAGE FOODS LIMITED |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 332.6 INR | +0.03% |
|
-0.25% | +9.66% |
| Mar. 13 | Heritage Foods Opens Ultra High Temperature Milk Plant in Telangana, India; Shares Fall 5% | MT |
| Mar. 13 | Heritage Foods Limited Announces Inauguration of the UHT Plant At Shamirpet, Hyderabad | CI |
Valuation
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 25,220 | 9,860 | 13,655 | 14,859 | 13,377 | 30,864 | - | - |
| Enterprise Value (EV) 1 | 25,220 | 9,860 | 13,655 | 14,859 | 13,377 | 30,639 | 30,164 | 29,507 |
| P/E ratio | 31 x | -6.15 x | 9.11 x | 15.4 x | 22.8 x | 30.6 x | 21.7 x | 16.1 x |
| Yield | 0.37% | 1.18% | 1.7% | 1.56% | 1.73% | 0.83% | 0.92% | 1.06% |
| Capitalization / Revenue | 1 x | 0.36 x | 0.55 x | 0.55 x | 0.41 x | 0.82 x | 0.73 x | 0.64 x |
| EV / Revenue | 1 x | 0.36 x | 0.55 x | 0.55 x | 0.41 x | 0.81 x | 0.71 x | 0.61 x |
| EV / EBITDA | 13.6 x | 7.63 x | 5.04 x | 7.77 x | 9.66 x | 15.5 x | 12.1 x | 9.36 x |
| EV / FCF | 120 x | 210 x | 16.8 x | 14.6 x | -9.3 x | 14.8 x | 30.5 x | 19.4 x |
| FCF Yield | 0.83% | 0.48% | 5.96% | 6.83% | -10.8% | 6.75% | 3.28% | 5.15% |
| Price to Book | 3.14 x | 2.15 x | 2.29 x | 2.26 x | 0.92 x | 3.82 x | 3.35 x | 2.86 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 | 332.5 | 332.5 | 332.5 |
| Announcement Date | 5/22/19 | 5/27/20 | 5/19/21 | 5/27/22 | 5/25/23 | - | - | - |
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 | 37,733 | 42,199 | 48,140 |
| EBITDA 1 | 1,850 | 1,293 | 2,712 | 1,913 | 1,385 | 1,976 | 2,488 | 3,151 |
| EBIT 1 | 1,404 | 791.5 | 2,249 | 1,387 | 821.1 | 1,361 | 1,802 | 2,406 |
| Operating Margin | 5.58% | 2.9% | 9.1% | 5.17% | 2.53% | 3.61% | 4.27% | 5% |
| Earnings before Tax (EBT) 1 | 1,275 | -1,534 | 2,025 | 1,307 | 817.4 | 1,386 | 1,909 | 2,577 |
| Net income 1 | 814.3 | -1,603 | 1,500 | 965.7 | 579.8 | 1,010 | 1,417 | 1,918 |
| Net margin | 3.24% | -5.88% | 6.07% | 3.6% | 1.79% | 2.68% | 3.36% | 3.98% |
| EPS 2 | 17.55 | -34.55 | 32.32 | 20.81 | 6.330 | 10.87 | 15.30 | 20.70 |
| Free Cash Flow 1 | 209.5 | 47.06 | 813.2 | 1,014 | -1,439 | 2,070 | 988 | 1,521 |
| FCF margin | 0.83% | 0.17% | 3.29% | 3.78% | -4.44% | 5.48% | 2.34% | 3.16% |
| FCF Conversion (EBITDA) | 11.32% | 3.64% | 29.99% | 53.04% | - | 104.75% | 39.71% | 48.27% |
| FCF Conversion (Net income) | 25.72% | - | 54.22% | 105.05% | - | 204.9% | 69.71% | 79.32% |
| Dividend per Share 2 | 2.000 | 2.500 | 5.000 | 5.000 | 2.500 | 2.750 | 3.067 | 3.533 |
| Announcement Date | 5/22/19 | 5/27/20 | 5/19/21 | 5/27/22 | 5/25/23 | - | - | - |
1INR in Million2INR
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: March | 2021 Q1 | 2021 Q2 | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2024 Q3 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 6,388 | 6,100 | 6,049 | 6,194 | 6,481 | 6,703 | 6,670 | 6,959 | 8,209 | 8,162 | 7,860 | 9,580 |
| EBITDA 1 | 579.4 | 875.9 | 778 | 478.3 | 533.6 | 637.4 | 407.8 | 319.9 | 239.1 | - | 326 | - |
| EBIT | - | - | - | - | - | - | - | - | - | - | - | - |
| Operating Margin | - | - | - | - | - | - | - | - | - | - | - | - |
| Earnings before Tax (EBT) | 1,062 | - | - | - | - | - | - | - | - | - | - | - |
| Net income 1 | 964.1 | 29.09 | 263.5 | - | 303 | 327.7 | 208.2 | - | 72.76 | 190.4 | 137.2 | - |
| Net margin | 15.09% | 0.48% | 4.36% | - | 4.68% | 4.89% | 3.12% | - | 0.89% | 2.33% | 1.75% | - |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 7/29/20 | 10/28/20 | 1/29/21 | 5/19/21 | 7/28/21 | 10/21/21 | 1/21/22 | 5/27/22 | 7/29/22 | 10/18/22 | 1/20/23 | - |
1INR in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - | - | - |
| Net Cash position 1 | - | - | - | - | - | 225 | 700 | 1,357 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow 1 | 209 | 47.1 | 813 | 1,014 | -1,439 | 2,070 | 988 | 1,521 |
| ROE (net income / shareholders' equity) | 10.3% | 9.12% | 29.7% | 16.5% | 8.38% | 12.8% | 16.7% | 19.1% |
| ROA (Net income/ Total Assets) | - | - | - | - | - | 9% | 9% | 12% |
| Assets 1 | - | - | - | - | - | 11,222 | 15,748 | 15,981 |
| Book Value Per Share 2 | 173.0 | 99.10 | 128.0 | 142.0 | 156.0 | 87.00 | 99.20 | 116.0 |
| Cash Flow per Share | - | - | - | - | - | - | - | - |
| Capex 1 | 1,270 | 1,120 | 926 | 465 | 834 | 974 | 1,042 | 1,093 |
| Capex / Sales | 5.05% | 4.11% | 3.75% | 1.73% | 2.57% | 2.58% | 2.47% | 2.27% |
| Announcement Date | 5/22/19 | 5/27/20 | 5/19/21 | 5/27/22 | 5/25/23 | - | - | - |
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
Sell
Buy
Mean consensus
BUY
Number of Analysts
4
Last Close Price
332.5
INR
Average target price
403.5
INR
Spread / Average Target
+21.35%
EPS Revisions
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| +9.66% | 370M | |
| +6.95% | 25.07B | |
| -20.19% | 8.49B | |
| -4.24% | 6.75B | |
| +9.10% | 6.31B | |
| -3.25% | 5.38B | |
| -0.33% | 5.31B | |
| +3.98% | 5.02B | |
| +23.61% | 4.59B | |
| -5.85% | 2.91B |
- Stock Market
- Equities
- HERITGFOOD Stock
- Financials Heritage Foods Limited
