HERITAGE FOODS SHARE PRICE TARGET 2024, 2025, 2026 TO 2030: CAN HERITAGE FOODS REACH 2000 INR?

Heritage Foods Ltd, founded in 1992 by Nara Chandrababu Naidu, is a prominent player in India’s dairy industry, with its headquarters in Hyderabad, Telangana. Over the years, it has established a strong foothold, especially in South India, where it is recognized for offering a diverse range of high-quality dairy products. The company’s product line includes essentials such as milk, curd, buttermilk, and skim milk powder, as well as indulgent options like ice cream, flavored milk, and dairy whitener. Heritage Foods prides itself on sourcing fresh milk directly from a vast network of farmers, ensuring the highest standards of purity and quality through state-of-the-art processing plants. In addition to its dairy business, the company has ventured into the renewable energy sector, reflecting its commitment to sustainability and environmental stewardship. Heritage Foods operates with a vision of becoming a nationally recognized brand, expanding its reach beyond its core markets. At the heart of the company’s mission is a dedication to ethical wealth creation, particularly focusing on uplifting the farming community by fostering economic growth and sharing the benefits of its success. With its dual focus on delivering fresh, healthy products and promoting sustainability, Heritage Foods stands out as a forward-thinking enterprise in India’s growing dairy sector, combining tradition with innovation for long-term impact.

About Heritage Foods

Founded in 1992 by Nara Chandrababu Naidu, the current Chief Minister of Andhra Pradesh, Heritage Foods Limited, known as Heritage Foods, is a prominent player in the private dairy sector in Southern India. It has diversified into various sectors, including Dairy, Retail, and Agribusiness, and had an annual turnover exceeding USD 200 million as of FY 2008-09, showcasing significant growth.

Heritage Foods is renowned for its top-quality dairy products, distributed across multiple Indian states, and it aims to expand nationwide. The company strategically chose Chittoor district in Andhra Pradesh for milk procurement due to its high-yielding crossbred cow population. Today, Heritage Foods has a strong presence in Telangana, Andhra Pradesh, Karnataka, Tamil Nadu, Maharashtra, Delhi, and Kerala, offering a diverse range of dairy and food products. In 1994, it entered the public domain through a successful Public Issue, listing its shares on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE), solidifying its position as a major player in the dairy industry with aspirations for pan-India dominance.

Recent News on Heritage Foods

How to Purchase Heritage Foods Shares?

To buy Heritage Foods shares in India, you can use the services of various stockbrokers and trading platforms. Here are some popular options:

1. Zerodha
2. HDFC Securities
3. ICICI Direct
4. Kotak Securities
5. Sharekhan
6. Angel Broking
7. 5Paisa
8. Upstox
9. Motilal Oswal
10. Axis Direct

Heritage Foods Share Price Target 2024 – 2030

Heritage Foods Share Price Target for 2024

Heritage Foods Share Price Target for 2025

Heritage Foods Share Price Prediction for 2026

Heritage Foods Financial Condition: Last 5 Years

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
Sales +	2,726	2,473	2,681	3,241	3,794	3,903
Expenses +	3,108	2,212	2,495	3,109	3,590	3,646
Operating Profit	-382	261	186	132	203	257
OPM %	-14%	11%	7%	4%	5%	7%
Other Income +	303	7	2	12	12	15
Interest	24	21	6	6	9	9
Depreciation	50	46	52	56	61	63
Profit before tax	-154	202	130	82	145	199
Tax %	10%	26%	26%	29%	27%
Net Profit +	-169	148	96	58	107	148
EPS in Rs	-17.27	16.16	10.41	6.25	11.48	15.97
Dividend Payout %	-7%	15%	24%	40%	22%

Heritage Foods Ltd has shown an evolving financial performance over the years from March 2020 to March 2024, with significant changes in key metrics. The company’s sales increased steadily from ₹2,726 crore in March 2020 to ₹3,794 crore in March 2024, with the trailing twelve months (TTM) figures showing sales of ₹3,903 crore. Expenses, however, followed a similar upward trajectory, rising from ₹3,108 crore in March 2020 to ₹3,590 crore in March 2024, with TTM expenses reaching ₹3,646 crore.

Heritage Foods Ltd’s operating profit turned positive in March 2021 at ₹261 crore, after a loss of ₹382 crore in March 2020. While the operating profit margin (OPM) showed recovery, moving from -14% in March 2020 to 11% in March 2021, it has fluctuated, stabilizing at 5% by March 2024 and increasing to 7% in the TTM.

Other income, which was significant in March 2020 at ₹303 crore, fell drastically to ₹7 crore in March 2021 and remained minimal through the following years. Interest expenses have been well-managed, declining from ₹24 crore in March 2020 to ₹9 crore by March 2024. Depreciation costs have steadily increased, from ₹50 crore in March 2020 to ₹61 crore in March 2024, reflecting investments in assets.

Profit before tax for Heritage Foods Ltd also improved over the years, from a loss of ₹154 crore in March 2020 to a profit of ₹145 crore in March 2024, with TTM showing a profit of ₹199 crore. The company’s net profit followed a similar recovery path, with a loss of ₹169 crore in March 2020 turning into a profit of ₹107 crore in March 2024, and TTM net profit reaching ₹148 crore.

Earnings per share (EPS) grew from a negative ₹17.27 in March 2020 to ₹11.48 by March 2024, with the TTM EPS reaching ₹15.97. The dividend payout ratio also fluctuated, with a negative payout in March 2020, reaching 40% in March 2023, and settling at 22% by March 2024. Overall, Heritage Foods Ltd has seen consistent growth in its financials, improving profitability and shareholder returns over the years.

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FAQs

What is the share price target for Heritage Foods by 2025?

Based on the analysis, Heritage Foods’ share price is expected to continue its upward trend.  The range spans from ₹542.09 to ₹827.81 during the analysis suggesting a positive outlook for the company, making it a potentially attractive investment for the long term.

What is the share price target for Heritage Foods by 2030?

Looking at the analysis, Heritage Foods’ share price is projected to experience significant growth by 2030. The range spans from ₹1,373.76 to ₹2,134.56 during the analyzed period, indicating the potential for substantial gains over the next few years.

Is it worthwhile to invest in Heritage Foods for the long term?

Considering the consistent upward trajectory in Heritage Foods’ share prices over the years, it appears to be a promising candidate for long-term investment. The analysis suggests that the company has maintained its appeal to investors and offers the potential for sustained growth.

Will the Heritage Foods stock grow?

Yes, based on the provided analysis, it is likely that Heritage Foods’ stock will continue to grow. The data shows a consistent pattern of increasing share prices over the years, reflecting a positive sentiment among investors and a favorable market environment.

Can Heritage Foods reach ₹2000 INR?

While the analysis does not provide a specific target of ₹2000 INR, the analysis indicates that Heritage Foods’ share price has been on an upward trajectory. Given this trend, reaching ₹2000 INR per share is within the realm of possibility in the future, depending on market conditions and the company’s performance.

Conclusion