Heritage Foods Limited

NSEI:HERITGFOOD Stock Report

Market Cap: ₹39.9b

Heritage Foods Valuation

Is HERITGFOOD undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of HERITGFOOD when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Discounted Cash Flow
Simply Wall St
₹378.46
Fair Value
13.7% overvalued intrinsic discount
4
Number of Analysts

Below Fair Value: HERITGFOOD (₹430.45) is trading above our estimate of fair value (₹378.46)

Significantly Below Fair Value: HERITGFOOD is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for HERITGFOOD?

Key metric: As HERITGFOOD is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for HERITGFOOD. This is calculated by dividing HERITGFOOD's market cap by their current earnings.
What is HERITGFOOD's PE Ratio?
PE Ratio21x
Earnings₹1.91b
Market Cap₹39.94b

Price to Earnings Ratio vs Peers

How does HERITGFOOD's PE Ratio compare to its peers?

The above table shows the PE ratio for HERITGFOOD vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average38.6x
GOKULAGRO Gokul Agro Resources
22.3xn/a₹45.2b
500041 Bannari Amman Sugars
50.8xn/a₹46.4b
GOPAL Gopal Snacks
43.7x34.9%₹42.4b
519183 ADF Foods
37.7x22.9%₹29.9b
HERITGFOOD Heritage Foods
21x14.1%₹39.9b

Price-To-Earnings vs Peers: HERITGFOOD is good value based on its Price-To-Earnings Ratio (21x) compared to the peer average (38.6x).

Price to Earnings Ratio vs Industry

How does HERITGFOOD's PE Ratio compare vs other companies in the IN Food Industry?

11 CompaniesPrice / EarningsEstimated GrowthMarket Cap
ZUARIIND Zuari Industries
1.2xn/aUS$99.37m
539594 Mishtann Foods
1.7xn/aUS$72.75m
507315 Sakthi Sugars
4xn/aUS$37.91m
506166 APIS India
4.8xn/aUS$17.00m
HERITGFOOD 21.0xIndustry Avg. 22.1xNo. of Companies28PE020406080100+
11 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: HERITGFOOD is good value based on its Price-To-Earnings Ratio (21x) compared to the Indian Food industry average (22.1x).

Price to Earnings Ratio vs Fair Ratio

What is HERITGFOOD's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

HERITGFOOD PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio21x
Fair PE Ratio31.9x

Price-To-Earnings vs Fair Ratio: HERITGFOOD is good value based on its Price-To-Earnings Ratio (21x) compared to the estimated Fair Price-To-Earnings Ratio (31.9x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst HERITGFOOD forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current₹430.45
₹609.75
+41.7%
15.0%₹724.00₹510.00n/a4
Jan ’26₹484.15
₹668.50
+38.1%
5.5%₹724.00₹625.00n/a4
Dec ’25₹489.00
₹668.50
+36.7%
5.5%₹724.00₹625.00n/a4
Nov ’25₹529.75
₹668.50
+26.2%
5.5%₹724.00₹625.00n/a4
Oct ’25₹643.20
₹645.00
+0.3%
4.2%₹675.00₹610.00n/a3
Sep ’25₹563.95
₹645.00
+14.4%
4.2%₹675.00₹610.00n/a3
Aug ’25₹579.10
₹570.00
-1.6%
15.2%₹650.00₹450.00n/a3
Jul ’25₹559.35
₹431.50
-22.9%
5.1%₹450.00₹396.00n/a4
Jun ’25₹402.90
₹412.75
+2.4%
7.1%₹450.00₹375.00n/a4
May ’25₹332.50
₹403.50
+21.4%
6.9%₹450.00₹375.00n/a4
Apr ’25₹338.75
₹358.67
+5.9%
10.2%₹393.00₹308.00n/a3
Mar ’25₹344.25
₹358.67
+4.2%
10.2%₹393.00₹308.00n/a3
Feb ’25₹318.15
₹358.67
+12.7%
10.2%₹393.00₹308.00₹430.603
Jan ’25₹304.35
₹299.33
-1.6%
2.5%₹308.00₹290.00₹484.153
Dec ’24₹238.65
₹299.33
+25.4%
2.5%₹308.00₹290.00₹489.003
Nov ’24₹220.55
₹311.00
+41.0%
7.4%₹343.00₹290.00₹529.753
Oct ’24₹231.15
₹295.00
+27.6%
1.7%₹300.00₹290.00₹643.202
Sep ’24₹256.05
₹295.00
+15.2%
1.7%₹300.00₹290.00₹563.952
Aug ’24₹252.25
₹270.00
+7.0%
7.4%₹290.00₹250.00₹579.102
Jul ’24₹210.25
₹242.50
+15.3%
3.1%₹250.00₹235.00₹559.352
Jun ’24₹209.30
₹242.50
+15.9%
3.1%₹250.00₹235.00₹402.902
May ’24₹169.15
₹290.00
+71.4%
31.0%₹380.00₹200.00₹332.502
Apr ’24₹144.15
₹290.00
+101.2%
31.0%₹380.00₹200.00₹338.752
Mar ’24₹144.85
₹290.00
+100.2%
31.0%₹380.00₹200.00₹344.252
Feb ’24₹155.25
₹290.00
+86.8%
31.0%₹380.00₹200.00₹318.152
Analyst Price Target
Consensus Narrative from 4 Analysts
₹609.75
Fair Value
29.4% undervalued intrinsic discount
4
Number of Analysts

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/02/04 18:19
End of Day Share Price 2025/02/04 00:00
Earnings2024/12/31
Annual Earnings2024/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Heritage Foods Limited is covered by 9 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
null nullBatlivala & Karani Securities India Pvt. Ltd.
Sunil TirumalaiEmkay Global Financial Services Ltd.
Kameswari V. S. ChavaliFirstCall Research