NSE: HERITGFOOD | BSE: 519552

Strong Performer, Under Radar

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425.25 1.85 (0.44%)

41.53% Fall from 52W High

94,469 NSE+BSE Volume

NSE 22 Apr, 2025 10:58 AM (IST)

3,946.1

Market Cap

High in industry

1.1

Beta 1Year

High Volatility

Heritage Foods Ltd. share price target and research reports

Name: Latest research reports of Heritage Foods Ltd. authored by ICICI Securities Limited and published by - Trendlyne research reports.
Item: Heritage Foods Ltd.
Rating: 5
Author: ICICI Securities Limited

Latest analyst research reports with target prices and PDF download for HERITGFOOD, BSE:519552 Heritage Foods Ltd.

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Heritage Foods Ltd.

19 Oct 2023

425.25

0.44%

i-Opener

Buy: Heritage Foods Ltd.

ICICI Securities Limited

Wipro’s IT Services revenue dipped 2.3% QoQ USD in Q2FY24. The slip was much steeper than our/consensus’ expectations of -0.5%. Revenue growth came in at the lower-end of Wipro’s guidance for Q2FY24.

Heritage Foods Ltd. is trading above its 50 day SMA of 397.1

Heritage Foods Ltd.

01 Aug 2023

425.25

0.44%

Muted volumes; margin expands with correction in input prices

Buy: Heritage Foods Ltd.

Target

ICICI Securities Limited

While Heritage reported YoY EBITDA margin expansion of 145bps, we note its EBITDA margin contracted sequentially. It indicates the impact of inflation in milk prices continued to impact Q1FY24 QoQ. However, we model milk prices to deflate in rest of FY24 with normal monsoon and commencement of flush season in Q3FY24.

Number of FII/FPI investors decreased from 133 to 122 in Mar 2025 qtr

Heritage Foods Ltd.

26 May 2023

425.25

0.44%

Cyclical recovery commences; We model improvement in profitability in FY24

Buy: Heritage Foods Ltd.

Target

ICICI Securities Limited

Heritage reported EBITDA margin expansion of 60bps led by lower other expenditure (lower ad-spend in our view) and operating leverage. We model EBITDA margin recovery to continue even in FY24 with likely correction in milk procurement prices.

Number of FII/FPI investors decreased from 133 to 122 in Mar 2025 qtr

Heritage Foods Ltd.

23 Jan 2023

425.25

0.44%

Weak flush season impacts margins; Model recovery in FY24

Buy: Heritage Foods Ltd.

Target

ICICI Securities Limited

Milk procurement prices continue to remain high due to (1) steep increase in RM prices, (2) higher SMP prices and (3) muted flush season. We note delayed price hikes had impacted margins in H1FY23 and similar story continues in H2FY23. Heritage is likely to report lowest EBITDA margin of 4.5% in FY23 in past eight years in our view. We model the margins to recover only in FY24.

Heritage Foods Ltd. has gained 35.28% in the last 1 Year

Heritage Foods Ltd.

19 Oct 2022

425.25

0.44%

Revenue growth remains strong; margin recovers sequentially

Buy: Heritage Foods Ltd.

Target

ICICI Securities Limited

While 19% increase in milk procurement prices impacted EBITDA margin.

Heritage Foods Ltd. is trading below its 100 day SMA of 432.2

Heritage Foods Ltd.

31 May 2022

425.25

0.44%

EBITDA margin impacted by rising milk procurement prices

Buy: Heritage Foods Ltd.

ICICI Securities Limited

Takeaways from Q4FY22 and the company's management call: (1) Revenue grew 12.4% YoY driven by strong volume growth in dairy segment, (2) gross margin declined 304bps YoY due to higher milk procurement prices but limited price hikes, and (3) steady launch of new products continued during the quarter. Steady value migration from co-operatives and unorganized players to private players is likely to benefit Heritage.

Heritage Foods Ltd. is trading above its 50 day SMA of 397.1

Heritage Foods Ltd.

04 Feb 2019

425.25

0.44%

Heritage Foods Ltd - Result Update Q3FY19

Buy: Heritage Foods Ltd.

Target

Edelweiss

Heritage posted strong 21% growth in its earnings driven by margin improvement across all its segments.

Number of FII/FPI investors decreased from 133 to 122 in Mar 2025 qtr

Heritage Foods Ltd.

26 Nov 2018

425.25

0.44%

Heritage Foods Ltd. | Visit Note

Buy: Heritage Foods Ltd.

Edelweiss

We met the management of Heritage Foods and also visited the plant and Heritage parlour to get an update on the market

Heritage Foods Ltd. has lost -33.67% in the last 6 Months

Heritage Foods Ltd.

03 Nov 2018

425.25

0.44%

Heritage Foods Ltd | Q2FY19 Result Update

Buy: Heritage Foods Ltd.

Target

Edelweiss

Heritage posted strong 183% growth in its earnings driven by margin improvement across all its segments.

Heritage Foods Ltd. is trading below its 100 day SMA of 432.2

Heritage Foods Ltd.

03 Aug 2018

425.25

0.44%

Heritage Foods

Buy: Heritage Foods Ltd.

KRChoksey

Heritage foods Ltd posted its Q1FY19 which was below our expectation. Net revenue stood at INR 6.4 Bn (+4.1% YoY), as against our estimates of INR 7 Bn, mainly due to a recovery in demand resulting from reduced prices for dairy products. EBIDTA was at INR 460 Mn (+70.9% YoY), with OPM at 7.2% (+280 bps YoY). Reduction in milk prices and lower operating expenses has resulted in better margins. PAT for Q1FY19 stood at INR 207.9 Mn (+12% YoY), with NPM at 3.2% (+23 bps YoY). Higher tax out go (+88% YoY) and a...

Heritage Foods Ltd. is trading below its 100 day SMA of 432.2

Is Heritage Foods Ltd. worth buying?

215 Votes:

Buy 79.07%

Sell 11.63%

Hold 9.3%