Heritage Foods Ltd
About
Heritage Foods Limited, founded on June 5, 1992 by Shri Nara Chandrababu Naidu, is a leading dairy products company in India. Headquartered in Hyderabad, Telangana, the company is led by Srideep M Kesavan, CEO. Heritage Foods focuses on sustainable milk procurement and cattle-centric development, ensuring high-quality dairy production.Heritage Foods offers a full range of dairy products, including fresh milk, curd, buttermilk, lassi, ice cream, paneer, ghee, butter, milk powder, flavored milk, UHT milk, and dairy whitener. With an omnichannel distribution network, the company serves over 1.5 million households daily across 12 states, including Andhra Pradesh, Telangana, Karnataka, Kerala, Tamil Nadu, Maharashtra, Odisha, Delhi NCR, Haryana, Rajasthan, Uttarakhand, and Uttar Pradesh. Heritage Foods also works with 300,000 farmers and operates 198 bulk milk coolers across all these sectors.
Featured In Fortune India Ranking
Financial Data 2024
Financial Data
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (INR Cr) | 3735 9.0% | 3427 27.6% | 2687 6.9% | 2512 -17.4% | 3043 16.1% | 2622 -7.0% | 2820 33.5% | 2112 -12.6% | 2415 13.3% | 2131 22.8% | 1736 10.5% | 1572 8.8% | 1444 31.6% | 1097 20.3% | 912 14.7% | 796 - |
| Net Operating Income (INR Cr) | 3794 17.07% | 3241 20.86% | 2681 8.42% | 2473 -9.27% | 2726 8.40% | 2515 5.97% | 2373 25.29% | 1894 -20.43% | 2381 14.84% | 2073 20.38% | 1722 7.51% | 1602 14.96% | 1393 27.13% | 1096 21.74% | 900 13.11% | 796 0.00% |
| Profit (INR Cr) | 107 83.8% | 58 -40.0% | 97 -35.6% | 150 - | -160 - | 81 29.7% | 63 -77.2% | 275 396.3% | 55 95.5% | 28 -37.4% | 45 -9.3% | 50 443.5% | 9 735.5% | 1 -80.0% | 6 - | -36 - |
| Assets (INR Cr) | 971 5.4% | 921 31.0% | 703 3.5% | 679 -12.9% | 780 -44.9% | 1415 -5.6% | 1500 86.8% | 803 110.2% | 382 5.5% | 362 9.5% | 331 19.6% | 276 14.9% | 241 -2.5% | 247 -9.0% | 271 2.9% | 263 - |
| Net Worth (INR Cr) | 808 11.3% | 726 10.4% | 658 10.4% | 596 29.6% | 460 -42.7% | 803 3.2% | 778 31.6% | 591 146.3% | 240 24.4% | 193 7.9% | 179 26.2% | 142 52.7% | 93 7.5% | 86 -0.4% | 87 3.4% | 84 0.0% |
| Employee Cost (INR Cr) | 258 21.8% | 211 14.8% | 184 3.6% | 178 13.8% | 156 10.3% | 142 14.2% | 124 24.4% | 100 -28.7% | 140 26.4% | 111 10.6% | 100 14.8% | 87 26.0% | 69 16.1% | 60 22.8% | 49 -0.6% | 49 - |
| Interest Cost (INR Cr) | 9 | 6 | 6 | 21 | 24 | 23 | 20 | 49 | 17 | 18 | 15 | 19 | 22 | 19 | 23 | 20 |
| Cash & Bank Balance (INR Cr) | 84 | 19 | 36 | 24 | 58 | 75 | 69 | 55 | 45 | 41 | 45 | 33 | 30 | 29 | 25 | 31 |
| Total Debt (INR Cr) | 132 | 168 | 19 | 69 | 306 | 299 | 280 | 158 | 126 | 157 | 142 | 126 | 140 | 154 | 184 | 180 |
Key Financial Ratios
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Profit As % Of Revenues | 2.9% | 1.7% | 3.6% | 6.0% | - | 3.1% | 2.2% | 13.0% | 2.3% | 1.3% | 2.6% | 3.2% | 0.6% | 0.1% | 0.6% | - |
| Profit As % Of Assets | 11.0% | 6.3% | 13.7% | 22.1% | - | 5.8% | 4.2% | 34.3% | 14.5% | 7.8% | 13.7% | 18.1% | 3.8% | 0.5% | 2.0% | - |
| Profit As % Of Networth | 13.2% | 8.0% | 14.7% | 25.2% | - | 10.2% | 8.1% | 46.6% | 23.1% | 14.7% | 25.3% | 35.3% | 9.9% | 1.3% | 6.4% | - |
| Interest Cost to EBITDA % | 4.7% | 4.4% | 3.2% | 7.9% | - | 41.9% | - | 37.0% | 13.0% | 21.0% | 15.9% | 19.3% | 41.2% | 51.9% | 45.3% | 371.9% |
| Debt to Equity Ratio | 0.16 | 0.23 | 0.03 | 0.12 | 0.67 | 0.37 | 0.36 | 0.27 | 0.53 | 0.82 | 0.79 | 0.89 | 1.51 | 1.79 | 2.13 | 2.14 |
| RONW | 13.9% | 8.4% | 15.3% | 28.1% | - | 10.5% | 9.2% | 66.9% | 25.6% | 15.3% | 28.3% | 42.6% | 10.3% | 1.5% | 6.5% | - |
| ROCE | 16.3% | 10.8% | 19.7% | 30.6% | -11.9% | 10.4% | 9.6% | 61.3% | 27.7% | 16.4% | 25.2% | 32.1% | 14.6% | 8.8% | 12.5% | 0.0% |