| ₹ crore | Q2 FY27 | Q2 FY26 | Change |
|---|---|---|---|
| Revenue | 1,320 | 1,113 | +18.6% |
| EBITDA | 74.0 | 77.2 | −4.2% |
| EBITDA margin | 5.6% | 6.9% | −1.3 pts |
| Profit before tax | 42.6 | 67.8 | −37.1% |
| Net profit | 30.9 | 51.0 | −39.5% |
| EPS | ₹3.38 | ₹5.50 | −38.5% |
Amounts on the left scale in ₹ crore; per cent on the right, dashed. L = lakh crore, K = thousand crore. Touch the chart to read any period.
| Tap a line for its trend | Currentlast 12M | FY26Mar 2026 | FY25Mar 2025 | FY24Mar 2024 | FY23Mar 2023 | FY22 and earlierAlpha Plus |
|---|
| 3,307 | — | — | — | — | FY22 and earlierEvery year the company has filed comes with Alpha Plus. | |
| 232 | 250 | 251 | 201 | 16.3 | ||
| 4.0 | 4.8 | — | 0.0 | 0.0 | ||
| 324 | 324 | 136 | 92.8 | 134 | ||
| 3,403 | — | — | — | — | ||
| 4,934 | 4,526 | 4,135 | 3,794 | 3,241 | ||
| — | +9.5% | +9.0% | +17.1% | — | ||
| 251 | 265 | 324 | 203 | 130 | ||
| 5.1% | 5.9% | 7.8% | 5.4% | 4.0% | ||
| 155 | 184 | 255 | 142 | 73.6 | ||
| 114 | 150 | 188 | 107 | 49.5 | ||
| 2.3% | 3.3% | 4.6% | 2.8% | 1.5% | ||
| ₹12.32 | ₹16.18 | ₹20.29 | ₹11.48 | ₹6.25 | ||
| — | −20.3% | +76.7% | +83.8% | — | ||
| — | 237 | 214 | 390 | −60.5 | ||
| — | −382 | −176 | −127 | −83.4 | ||
| −145 | −145 | 37.5 | 263 | −144 | ||
From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.
In ₹ Crore except Per Share 12 Months Ending | FY23 31/03/2023 | FY24 31/03/2024 | FY25 31/03/2025 | FY26 31/03/2026 | Current/LTM TTM · last close | |
|---|---|---|---|---|---|---|
| Market Capitalization | — | — | — | — | 3,306.8 | |
| - Cash, Equiv & ST Investments | 16.3 | 200.7 | 250.7 | 250.2 | 232.4 | |
| + Minority Interest | 0.0 | 0.0 | — | 4.8 | 4.0 | |
| + Total Debt | 134.4 | 92.8 | 136.4 | 324.1 | 324.1 | |
| Enterprise Value | — | — | — | — | 3,402.6 | |
| Revenue | 3,240.7 | 3,793.9 | 4,134.6 | 4,526.0 | 4,934.4 | |
| Growth %, YoY | — | +17.1 | +9.0 | +9.5 | — | |
| EBITDA | 129.7 | 203.0 | 324.1 | 265.0 | 251.1 | |
| Margin % | 4.00 | 5.35 | 7.84 | 5.85 | 5.09 | |
| EBIT | 73.6 | 142.2 | 254.5 | 184.0 | 154.8 | |
| Net Income | 49.5 | 106.5 | 188.3 | 150.1 | 114.4 | |
| Margin % | 1.53 | 2.81 | 4.55 | 3.32 | 2.32 | |
| EPS, Adj (current shares) | 6.25 | 11.48 | 20.29 | 16.18 | 12.32 | |
| Growth %, YoY | — | +83.8 | +76.7 | -20.3 | — | |
| Cash from Operations | -60.5 | 389.9 | 213.9 | 237.2 | — | |
| Capital Expenditures | -83.4 | -127.3 | -176.4 | -382.4 | — | |
| Free Cash Flow | -143.9 | 262.6 | 37.5 | -145.2 | -145.2 | |
Prices at the 29 October 2026 close · figures from the company's filings with NSE
Heritage Foods (NSE: HERITGFOOD) had a market capitalisation of ₹3,285 crore at the 29 October 2026 close (₹353.95 a share), a PE ratio of 28.7 on the last four quarters' profit and a price-to-book ratio of 2.89. In FY26 its consolidated net profit was ₹150 crore on revenue of ₹4,526 crore; in Q2 FY27 (July–September 2026) it was ₹30.9 crore, down 39.5% year on year. Its debt-to-equity ratio was 0.30 on 30 September 2026. Promoters held 41.30% of the shares on 30 September 2026.
Heritage Foods' PE ratio is 28.7 at the 29 October 2026 close (₹353.95 a share): a market capitalisation of ₹3,285 crore divided by consolidated net profit of ₹114 crore over the last four quarters (Q3 FY26 to Q2 FY27). On FY26 net profit (₹150 crore) it is 21.9.
Heritage Foods' debt-to-equity ratio was 0.30 on 30 September 2026: borrowings of ₹345 crore against total equity of ₹1,141 crore. A year earlier, on 30 September 2025, it was 0.17.
Heritage Foods' net worth — shareholders' equity in its consolidated balance sheet — was ₹1,137 crore on 30 September 2026, up 8.9% from ₹1,044 crore a year earlier. Its market value is a different figure: a market capitalisation of ₹3,285 crore at the 29 October 2026 close.
Heritage Foods' price-to-book (PB) ratio is 2.89 at the 29 October 2026 close: a market capitalisation of ₹3,285 crore divided by shareholders' equity (book value) of ₹1,137 crore on 30 September 2026. That is a book value of ₹122.50 per share against a share price of ₹353.95.
In FY26, Heritage Foods' return on equity (ROE) was 14.5% and its return on capital employed (ROCE) was 14.0%. ROE is net profit divided by average shareholders' equity (the start and end of the year); ROCE is operating profit (EBIT) divided by average capital employed (total assets less current liabilities). In FY25, ROE was 21.2% and ROCE 23.6%.
Heritage Foods' book value per share was ₹122.50 on 30 September 2026: shareholders' equity of ₹1,137 crore divided by the 9.28 crore shares in issue, up 8.9% from ₹112.45 a year earlier. The share price at the 29 October 2026 close was ₹353.95.
Heritage Foods' market capitalisation was ₹3,285 crore at the 29 October 2026 close: 9.28 crore shares at ₹353.95 each.
Heritage Foods' basic earnings per share (EPS) were ₹16.22 in FY26, against ₹20.29 in FY25. Over the last four quarters (Q3 FY26 to Q2 FY27) they add up to ₹12.43.
In 2026, Heritage Foods has declared one dividend: ₹2.50 with record date 15 July 2026.
No. Heritage Foods had borrowings of ₹345 crore on 30 September 2026 (consolidated balance sheet), a debt-to-equity ratio of 0.30. Its cash and current investments were ₹240 crore, so its net debt was ₹105 crore.
Heritage Foods' dividend yield is 0.71% at the 29 October 2026 close: dividends of ₹2.50 a share that went ex-dividend in the 12 months before that day, divided by the share price of ₹353.95. They were ₹2.50 on 15 July 2026.
Promoters held 41.30% of Heritage Foods on 30 September 2026, unchanged from both the previous quarter and a year earlier, according to the shareholding pattern filed with NSE.
On 30 September 2026, Heritage Foods' shares were held by promoters 41.30%, foreign portfolio investors (FII/FPI) 1.70%, domestic institutions (DII) 6.29% (including mutual funds at 4.96%) and retail and other non-institutional investors 50.70%. Over the year, FII holding was down 2.90 percentage points from 4.60% and DII holding was up 1.97 percentage points from 4.32%.
At the 29 October 2026 closing prices, on FY26 net profit, Heritage Foods' PE ratio is 21.9, the second highest of the four: India Glycols 7.6, Gokul Agro Resources 17.3 and Godrej Agrovet 23.9, a peer average of 16.2. Each is the company's market capitalisation at that price divided by its FY26 net profit.
In FY26, Heritage Foods earned net profit of ₹150 crore on revenue of ₹4,526 crore, against ₹293 crore on ₹9,827 crore for India Glycols. Heritage Foods' operating margin was 4.1% (India Glycols 5.0%) and its return on equity 14.5% (India Glycols 11.3%). At the 29 October 2026 close, Heritage Foods' market capitalisation was ₹3,285 crore against ₹2,214 crore for India Glycols, and its PE ratio on FY26 profit 21.9 against 7.6.
In FY26, Heritage Foods generated ₹237 crore of cash from operations and spent ₹382 crore on capital expenditure (property, plant, equipment and intangibles), leaving free cash flow of −₹145 crore. In FY25 it was ₹37.5 crore.
Heritage Foods' latest results are for Q2 FY27 (July–September 2026), filed on 15 October 2026: consolidated net profit ₹30.9 crore, down 39.5% from ₹51 crore in Q2 FY26; revenue from operations ₹1,320 crore, up 18.6% year on year.
Heritage Foods has reported Q2 FY27. Its next results, for Q3 FY27 (October–December 2026), are due by 14 February 2027 under SEBI's 45-day rule; the company notifies the board-meeting date at least two working days before.
In FY26 (April 2025–March 2026), Heritage Foods' consolidated net profit was ₹150 crore, down 20.3% from ₹188 crore in FY25, on revenue from operations of ₹4,526 crore (up 9.5%). Over three years, from FY23, net profit was up 159.0%.
On FY26 consolidated figures, against India Glycols, Gokul Agro Resources and Godrej Agrovet: Heritage Foods' operating margin of 4.1% is the third highest of the four (India Glycols 5.0%, Gokul Agro Resources 2.6%, Godrej Agrovet 6.2%; peer average 4.6%); its return on equity of 14.5% is the third highest of the four (India Glycols 11.3%, Gokul Agro Resources 30.1%, Godrej Agrovet 21.4%; peer average 20.9%); its revenue growth over three years of 11.8% a year is the third highest of the four (India Glycols 14.0% a year, Gokul Agro Resources 30.9% a year, Godrej Agrovet 3.0% a year; peer average 15.9% a year).
From Heritage Foods' own consolidated results, balance sheets and shareholding patterns filed with NSE, and NSE prices (the latest used here: the 29 October 2026 close). Ratios are calculated by Alphave from those filings as each answer describes.
Consolidated figures from the company's filings with NSE; prices are NSE closing prices.