290.80 8.00 (2.83%)
NSENov 27, 2020 03:31 PM
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|Summary||Date||Stock||Broker||Price at Reco.||Target||Price at reco|
Change since reco(%)
|2019-02-04||Heritage Foods Ltd. +||Edelweiss||482.40||650.00||482.40 (-39.72%)||Buy|
|2018-11-26||Heritage Foods Ltd. +||Edelweiss||513.60||750.00||513.60 (-43.38%)||Buy|
|2018-08-03||Heritage Foods Ltd. +||KRChoksey||602.50||795.00||602.50 (-51.73%)||Buy|
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...
|2018-05-28||Heritage Foods Ltd. +||Emkay||725.00||770.00||725.00 (-59.89%)||Accumulate|
VADP drives revenue growth: Heritage's consolidated revenue grew by 14%, 7% below our estimate. The Dairy business grew by 14% on the back of 17% growth in VADP (22% of the Dairy business). In VADP, the Curd business (82% of the VADP business) grew by 21% to Rs1bn. The Liquid Milk business (78% of the Dairy business) grew by 14%, largely driven by the Reliance Dairy acquisition. We believe that Heritage's organic growth (exReliance Dairy) grew by ~5%. Milk procurement increased by 24% to 13.2 llpd due to inorganic growth. The management continues to focus on VADP and aspires to increase its contribution to 40% (from 22% in FY18) by 2022E. Improving operational efficiency of Reliance Dairy drives margins: Gross margin...
|2017-11-21||Heritage Foods Ltd. +||Edelweiss||749.00||850.00||749.00 (-61.17%)||Target met||Buy|
|2017-08-16||Heritage Foods Ltd. +||Edelweiss||1335.45||1460.00||1335.45 (-78.22%)||Target met||Buy|
|2017-06-02||Heritage Foods Ltd. +||Edelweiss||1104.10||1460.00||1104.10 (-73.66%)||Target met||Buy|
|2017-03-22||Heritage Foods Ltd. +||Edelweiss||1073.60||1073.60 (-72.91%)||Pre-Bonus/|
|2017-02-14||Heritage Foods Ltd. +||Edelweiss||1127.00||1460.00||1127.00 (-74.20%)||Target met||Buy|
|2017-02-09||Heritage Foods Ltd. +||Axis Direct||1070.50||1168.00||1070.50 (-72.84%)||Target met||Buy|
Heritage Foods: Robust Milk Procurement Supply Chain; Focus to be a pure play dairy company is a positive; Value Added products will aid growth and margin expansion; Premium valuations due to Superior return ratios; Indiabulls Housing Finance: Poised for faster growth v/s the industry; Scope to brin..
|2016-08-04||Heritage Foods Ltd. +||GEPL Capital||616.80||729.00||616.80 (-52.85%)||Target met||Buy|
Heritage Food is one the leading private dairy company of South India. It is headquartered at Hyderabad, with a extensive presence across 10 states, providing high quality & nutritious dairy products to customers. It operates in five divisions namely: Dairy, Retail, Agri, Bakery & Renewable energy. Company operates 14 processing plants, 140 bulk coolers & chilling plants, 1515 dairy parlours & 112 retail stores. Company's sales is facilitated by 26 sales offices, 5900...
|2015-06-22||Heritage Foods Ltd. +||Karvy||384.10||384.10 (-24.29%)||Pre-Bonus/|
Heritage Foods Limited is engaged in dairy, retail, agri, and bakery businesses in India. The company's Dairy division is involved in procuring, manufacturing, packing, and distributing milk and milk products whereas the Retail division operates a chain of retail stores that offer fresh fruits and vegetables, grocery, processed food etc.