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← CockpitCompetitor Analysis › HERITGFOOD.NS Heritage Foods LimitedOpen in the cockpit ↗

Heritage Foods LimitedHERITGFOOD.NSCompetitor analysis, valuation and peers

India · INR·Consumer Staples›Food: Meat/Fish/Dairy
Momentum strong 61
Mkt cap
$366M
US dollars, full cap
Free float
46%
of shares outstanding
$/day
$1.24M
20-day average traded
Fwd P/E
27.1×
forward earnings
ROIC−WACC
-9.4 pp
WACC 18.4%
Hurdle
n/a
no reverse DCF
Next earnings
83 days
28 Jan 2027
Close · INR₹372.70
1D-1.2%
1W+4.9%
1M-6.5%
3M+4.0%
6M+2.2%
YTD-19.0%
1Y-24.3%
ATR %4.2%
Beta1.08
52w lowhigh24.3% off high

What Heritage Foods does

Employees: 6,467

Heritage Foods at a glance

Size Heritage Foods (HERITGFOOD.NS) is an India Consumer Staples company (Food: Meat/Fish/Dairy) with a market value of $366M, the 976th largest of 1,058 India companies the cockpit tracks. Shares closed at ₹372.70 on 6 Nov 2026.

Performance Over six months the shares gained 2.2%, against -6.9% for the median peer and 0.0% for the India market (cap-weighted) — 6th highest of 21 in its peer set.

Growth Revenue grew 13.9% over the last twelve months (peer median +8.2%); the operating margin is 3.1% (peer median 3.3%).

Valuation It trades at 27.1× forward earnings against a peer median of 27.0× (7th most expensive of 15).

Capital Return on invested capital runs 9.4 points below its cost of capital (18.4% WACC).

Next results Next results expected around 28 Jan 2027 (exchange calendar; dates can move).

Relative performance

9010011011 May 202611 Aug 20266 Nov 2026HERITGFOOD.NS 103Peer median 93
Six months, rebased to 100: Heritage Foods against the median of its 20 peers (local-currency closes).

Heritage Foods financials

Reported figures in INR; fiscal year ends 2026-03-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue₹49.3B₹45.3B₹41.3B₹37.9B₹32.4B
Revenue growth—+9%+9%+17%—
Gross profit₹6.49B₹5.35B₹5.41B₹3.77B₹2.77B
EBITDA₹2.51B₹2.73B₹3.37B₹2.15B₹1.44B
Net income₹1.15B₹1.51B₹1.88B₹1.07B₹580M
Free cash flown/a-₹1.64B₹235M₹2.54B-₹1.46B
Capital expendituren/a₹3.82B₹1.76B₹1.27B₹834M
Total debt₹3.84B₹3.61B₹1.75B₹1.32B₹1.68B

Quarterly statements and history in the cockpit →

Heritage Foods competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-20%0%+20%+40%-10%0%+10%3008986003591301LWAY2288002982002732300268PARAGMILK002702CPKR600419005180MASHLFAAC0023218043DODLAMAMAHERITGFOOD.NS6-month return →1-month return →
Up and to the right = strong over both horizons. Heritage Foods is the large dot.

Fundamentals: revenue growth against valuation

0%+20%+40%0×50×100×300898LWAY002982002732PARAGMILKCPKR600419005180MASHLFAAC8043MAMAHERITGFOOD.NSRevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Heritage Foods is the large dot.

Heritage Foods competitors and peer comparison

How Heritage Foods compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Heritage Foods against its 20 peers (data as of 6 Nov 2026)
MeasureHERITGFOOD.NSPeer medianRank in peer set
1-month return-6.5%-2.1%8th lowest of 21
6-month return+2.2%-6.9%6th highest of 21
Distance from 52-week high-24.3%-22.6%11th highest of 21
Revenue growth (TTM)+13.9%+8.2%7th highest of 21
Operating margin3.1%3.3%10th lowest of 21
Forward P/E27.1×27.0×7th most expensive of 15
ROIC minus cost of capital-9.4 pp-0.5 pp2nd lowest of 21
EV / EBITDA14.3×16.9×5th cheapest of 11
Net debt / EBITDA0.6×1.7×7th least indebted of 15

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginForward P/EReq gDelivered g
Heritage Foods HERITGFOOD.NSIndia$366M+2%+14%3%27.1×n/an/a
Panda Dairy 300898.SZChina$356M-20%+15%10%18.8×17.4%+3.4%
Xinjiang Talimu Agriculture Development 600359.SSChina$348M-20%-20%-5%n/an/an/a
Kyokuyo 1301.TJapan$331M-3%+11%3%n/an/an/a
Lifeway Foods LWAYUnited States$327M-15%+26%6%27.1×n/an/a
Marudai Food 2288.TJapan$325M-10%+1%3%n/an/an/a
Hunan Xiangjia Animal Husbandry 002982.SZChina$425M-4%+8%2%69.8×n/an/a
Guangdong Yantang Dairy 002732.SZChina$310M-20%-5%3%8.8×n/an/a
Joyvio Food 300268.SZChina$308M-31%-60%1%n/an/an/a
Parag Milk Foods PARAGMILK.NSIndia$435M+42%+13%5%27.6×n/an/a
HaiXin Foods 002702.SZChina$444M-10%+11%-1%n/a22.8%-1.0%
Canada Packers CPKR.TOCanada$300M-23%-7%3%18.9×-0.2%+3.9%
Xinjiang Terun Dairy 600419.SSChina$465M+2%+5%5%26.8×-4.3%+9.4%
Binggrae 005180.KSSouth Korea$472M+9%+4%9%6.3×n/an/a
Masoval AS MAS.OLNorway$508M+16%-1%4%45.6×28.2%+22.3%
High Liner Foods HLF.TOCanada$536M+91%+14%5%8.7×3.5%+5.3%
Australian Agricultural AAC.AXAustralia$553M+2%+9%-47%94.6×n/an/a
Henan Huaying Agricultural Development 002321.SZChina$569M-16%+24%1%n/an/an/a
Starzen 8043.TJapan$574M+36%+4%2%9.4×n/an/a
Dodla Dairy DODLA.NSIndia$625M-14%+17%4%28.6×33.7%+16.2%
Mama's Creations MAMAUnited States$632M+2%+54%5%46.4×17.6%+33.3%

Questions

Which companies are Heritage Foods's closest peers?
The cockpit's peer set: Panda Dairy (300898.SZ), Xinjiang Talimu Agriculture Development (600359.SS), Kyokuyo (1301.T), Lifeway Foods (LWAY), Marudai Food (2288.T), Hunan Xiangjia Animal Husbandry (002982.SZ), Guangdong Yantang Dairy (002732.SZ), Joyvio Food (300268.SZ).
Is Heritage Foods expensive compared with its peers?
On forward p/e it trades at 27.1× against a peer median of 27.0×, 7th most expensive of 15 in its peer set.
How has Heritage Foods stock performed?
Over six months to 6 Nov 2026 the shares returned +2.2% against -6.9% for the median peer; over one year -24.3%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.