Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Heritage Foods Ltd
Quarter-by-quarter operating performance
| Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 818 | 924 | 979 | 941 | 951 | 1,033 | 1,020 | 1,034 | 1,048 | 1,137 | 1,113 | 1,119 | 1,158 |
| Expenses + | 778 | 885 | 933 | 891 | 882 | 940 | 938 | 962 | 970 | 1,064 | 1,035 | 1,056 | 1,105 |
| Operating Profit | 40 | 39 | 45 | 50 | 69 | 92 | 81 | 72 | 78 | 73 | 77 | 63 | 52 |
| OPM % | 5% | 4% | 5% | 5% | 7% | 9% | 8% | 7% | 7% | 6% | 7% | 6% | 5% |
| Other Income + | 3 | 3 | 2 | 3 | 5 | 6 | 7 | 8 | -2 | 5 | 15 | 8 | 7 |
| Interest | 2 | 3 | 2 | 2 | 3 | 3 | 4 | 4 | 4 | 4 | 4 | 4 | 5 |
| Depreciation | 15 | 15 | 15 | 16 | 16 | 17 | 17 | 18 | 18 | 19 | 20 | 20 | 22 |
| Profit before tax | 26 | 24 | 31 | 36 | 55 | 78 | 67 | 59 | 54 | 55 | 68 | 46 | 32 |
| Tax % | 31% | 29% | 27% | 25% | 26% | 25% | 28% | 27% | 30% | 26% | 25% | 25% | 25% |
| Net Profit + | 18 | 17 | 22 | 27 | 40 | 58 | 49 | 43 | 38 | 41 | 51 | 35 | 24 |
| EPS in Rs | 1.93 | 1.80 | 2.41 | 2.90 | 4.36 | 6.30 | 5.24 | 4.64 | 4.11 | 4.37 | 5.50 | 3.73 | 2.58 |
Financials of Heritage Foods Ltd
Annual income statement trend
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 2,073 | 2,381 | 1,894 | 2,373 | 2,515 | 2,726 | 2,473 | 2,681 | 3,241 | 3,794 | 4,135 | 4,526 |
| Expenses + | 1,989 | 2,248 | 1,761 | 2,628 | 2,458 | 3,108 | 2,212 | 2,495 | 3,109 | 3,590 | 3,809 | 4,261 |
| Operating Profit | 84 | 132 | 134 | -255 | 57 | -382 | 261 | 186 | 132 | 203 | 326 | 265 |
| OPM % | 4% | 6% | 7% | -11% | 2% | -14% | 11% | 7% | 4% | 5% | 8% | 6% |
| Other Income + | 7 | 5 | 251 | 402 | 138 | 302 | 7 | 2 | 12 | 12 | 19 | 34 |
| Interest | 18 | 17 | 49 | 20 | 23 | 24 | 21 | 6 | 6 | 9 | 17 | 17 |
| Depreciation | 34 | 35 | 25 | 38 | 45 | 50 | 46 | 52 | 56 | 61 | 70 | 81 |
| Profit before tax | 39 | 86 | 310 | 90 | 127 | -154 | 202 | 130 | 82 | 145 | 258 | 201 |
| Tax % | 28% | 36% | 10% | 30% | 35% | 10% | 26% | 26% | 29% | 27% | 27% | 25% |
| Net Profit + | 28 | 55 | 278 | 63 | 83 | -169 | 148 | 96 | 58 | 107 | 188 | 150 |
| EPS in Rs | 3.06 | 5.97 | 29.64 | 6.76 | 8.77 | -17.27 | 16.16 | 10.41 | 6.25 | 11.48 | 20.29 | 16.18 |
| Dividend Payout % | 25% | 13% | 3% | 15% | 11% | -7% | 15% | 24% | 40% | 22% | 12% | 15% |
Financials of Heritage Foods Ltd
Capital structure and asset base
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 23 | 23 | 23 | 23 | 23 | 23 | 23 | 23 | 46 | 46 | 46 | 46 |
| Reserves | 170 | 217 | 568 | 754 | 779 | 436 | 573 | 634 | 679 | 762 | 926 | 1,057 |
| Borrowings + | 157 | 126 | 158 | 280 | 299 | 306 | 64 | 19 | 168 | 132 | 175 | 361 |
| Other Liabilities + | 175 | 209 | 247 | 649 | 533 | 223 | 219 | 226 | 231 | 341 | 412 | 485 |
| Total Liabilities | 526 | 575 | 996 | 1,707 | 1,635 | 988 | 879 | 903 | 1,125 | 1,281 | 1,558 | 1,950 |
| Fixed Assets + | 281 | 312 | 296 | 433 | 476 | 481 | 580 | 579 | 622 | 704 | 748 | 1,168 |
| CWIP | 9 | 10 | 8 | 9 | 42 | 77 | 18 | 8 | 20 | 20 | 68 | 47 |
| Investments | 1 | 1 | 478 | 1,002 | 835 | 152 | 13 | 18 | 15 | 140 | 196 | 186 |
| Other Assets + | 235 | 252 | 214 | 263 | 282 | 278 | 267 | 298 | 469 | 416 | 547 | 550 |
| Total Assets | 526 | 575 | 996 | 1,707 | 1,635 | 988 | 879 | 903 | 1,125 | 1,281 | 1,558 | 1,950 |
Financials of Heritage Foods Ltd
Operating, investing and financing cash movement
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 52 | 125 | 115 | 121 | 148 | 117 | 174 | 148 | -61 | 390 | 214 | 237 |
| Cash from Investing Activity + | -47 | -66 | -126 | -200 | -133 | -97 | 69 | -42 | -83 | -252 | -229 | -375 |
| Cash from Financing Activity + | -8 | -55 | -13 | 55 | -3 | -22 | -191 | -93 | 126 | -76 | 1 | 138 |
| Net Cash Flow | -4 | 4 | -24 | -23 | 12 | -2 | 51 | 13 | -17 | 62 | -14 | 0 |
| Free Cash Flow | 4 | 58 | 24 | -19 | 24 | 8 | 108 | 106 | -140 | 267 | 42 | -142 |
| CFO/OP | 73% | 117% | 108% | -59% | 328% | -36% | 87% | 98% | -29% | 210% | 86% | 105% |
Financials of Heritage Foods Ltd
Working capital efficiency and return ratios
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 4 | 4 | 3 | 2 | 6 | 3 | 2 | 3 | 3 | 3 | 3 | 6 |
| Inventory Days | 31 | 28 | 31 | 31 | 27 | 24 | 39 | 38 | 56 | 33 | 44 | 34 |
| Days Payable | 17 | 16 | 15 | 13 | 13 | 10 | 7 | 9 | 11 | 18 | 21 | 22 |
| Cash Conversion Cycle | 18 | 16 | 19 | 19 | 20 | 17 | 35 | 31 | 47 | 18 | 26 | 18 |
| Working Capital Days | -13 | -8 | -18 | -22 | -18 | -15 | 4 | 10 | 13 | 1 | 5 | 10 |
| ROCE % | 17% | 29% | 64% | 12% | 14% | -14% | 31% | 21% | 10% | 16% | 25% | 16% |