Heritage Foods cash flow

Latest FY26

Cash from operations: ₹237cr+10.9% on FY25
Capital spending: ₹382cr+116.7% on FY25
Free cash flow: −₹145cr₹37.5 cr in FY25
Cash from financing: ₹138cr+13,705.8% on FY25

₹ crore except per share

Tap a line for its trend	Last 12Mto Sep 2026	FY26Mar 2026	FY25Mar 2025	FY24Mar 2024	FY23Mar 2023	FY22 and earlierAlpha Plus

Changes in working capital
Adjustments to reconcile profit — non-cash items						FY22 and earlierEvery year the company has filed comes with Alpha Plus.
	—	81.0	69.6	60.8	56.1
	—	0.6	9.4	0.7	0.2
	—	16.4	14.8	8.5	3.2
	—	−0.0	−0.0	0.0	0.0
	—	0.0	0.0	−3.8	−2.6
	—	1.8	−0.5	0.0	0.0
	—	0.0	0.0	−2.7	−2.3
	—	−21.1	−23.4	0.0	0.0
	—	34.7	−93.3	117	−173
	—	−37.9	−10.0	−1.7	−10.2
	—	0.0	0.0	−0.7	−0.7
	—	0.0	0.0	−2.5	−0.9
	—	−28.7	−12.7	0.0	0.0
	—	0.0	0.0	0.0	−0.0
	—	36.4	26.5	67.9	−7.0
	—	0.0	0.0	26.0	0.0
	—	−11.8	28.4	2.5	11.0
	—	3.1	6.6	1.0	0.7
	—	0.0	0.0	4.8	1.9
Cash from operating activities
	155	201	258	145	81.7
	—	75.9	22.4	285	−115
	—	277	281	430	−33.4
	—	0.0	0.0	−0.5	−0.4
	—	0.0	0.0	−0.0	−0.0
	—	0.0	0.0	−1.4	−3.9
	—	39.8	66.7	37.8	22.8
	—	237	214	390	−60.5
Cash from investing activities
	—	382	176	127	83.4
	—	3.0	4.8	3.9	4.3
	—	161	0.0	246	254
	—	176	0.0	128	257
	—	0.0	293	9.8	5.5
	—	0.0	246	0.0	0.0
	—	0.0	7.5	0.0	0.0
	—	16.2	0.0	0.0	0.0
	—	3.7	0.0	0.0	0.0
	—	0.0	0.0	0.0	0.0
	—	0.8	0.5	0.5	0.4
	—	1.4	−3.2	−0.7	−1.1
	—	−375	−229	−252	−82.6
Cash from financing activities
	—	0.0	0.0	0.0	23.2
	—	215	72.5	90.8	126
	—	29.2	28.5	126	3.8
	—	4.4	0.0	0.0	0.0
	—	—	—	4.7	0.0
	—	19.9	14.5	9.0	2.4
	—	23.2	23.2	23.2	11.6
	—	0.0	−5.4	−3.5	−5.5
	—	138	1.0	−75.9	126
	—	0.2	−14.0	62.2	−16.8
	—	0.2	−14.0	62.2	−16.8
	—	—	—	78.5	16.3
Reference items
	251	265	324	203	130
	5.1%	5.9%	7.8%	5.4%	4.0%
	−145	−145	37.5	263	−144
	—	22.6	66.5	212	—
	−₹15.65	−₹15.65	₹4.04	₹28.30	−₹15.50
	—	1.58×	1.14×	3.66×	−1.22×
	—	39.8	66.7	37.8	22.8
	—	19.9	14.5	9.0	2.4

Open the chart

From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.

alphave

HERITGFOOD₹353.95

Heritage Foods Ltd.

· FMCG & Retail

₹ CrorePeersINDIAGLYCO GOKULAGRO GODREJAGRO GAEL JYOTHYLAB KRBL KSCL CUPIDMcap ₹3,285 Cr

View

In ₹ Crore except Per Share 12 Months Ending	FY23 31/03/2023	FY24 31/03/2024	FY25 31/03/2025	FY26 31/03/2026	Last 12M 30/09/2026
Adjustments to Reconcile Profit — Non-cash Items
+ Depreciation & Amortisation	56.1	60.8	69.6	81.0	—
+ Impairment Loss / (Reversal)	0.2	0.7	9.4	0.6	—
+ Finance Costs	3.2	8.5	14.8	16.4	—
+ Dividend Income	0.0	0.0	-0.0	-0.0	—
+ Fair Value (Gains) / Losses	-2.6	-3.8	0.0	0.0	—
+ Other Non-cash Items	0.0	0.0	-0.5	1.8	—
+ Other — Cash Effects are Investing / Financing	-2.3	-2.7	0.0	0.0	—
+ Other Reconciling Items	0.0	0.0	-23.4	-21.1	—
Changes in Working Capital
+ Inventories	-173.1	117.0	-93.3	34.7	—
+ Trade Receivables — Current	-10.2	-1.7	-10.0	-37.9	—
+ Other Financial Assets — Current	-0.7	-0.7	0.0	0.0	—
+ Other Financial Assets — Non-current	-0.9	-2.5	0.0	0.0	—
+ Other Current Assets	0.0	0.0	-12.7	-28.7	—
+ Other Non-current Assets	-0.0	0.0	0.0	0.0	—
+ Trade Payables — Current	-7.0	67.9	26.5	36.4	—
+ Other Financial Liabilities — Current	0.0	26.0	0.0	0.0	—
+ Other Current Liabilities	11.0	2.5	28.4	-11.8	—
+ Provisions — Current	0.7	1.0	6.6	3.1	—
+ Provisions — Non-current	1.9	4.8	0.0	0.0	—
Cash from Operating Activities
Profit Before Tax (per I/S)	81.7	145.1	258.2	201.1	154.5
+ Total Adjustments (incl. Working Capital)	-115.1	284.5	22.4	75.9	—
Cash from Operations (pre-tax)	-33.4	429.6	280.6	277.0	—
+ Interest Received — Operating	-0.4	-0.5	0.0	0.0	—
+ Dividends Received — Operating	-0.0	-0.0	0.0	0.0	—
+ Other Inflows / (Outflows) — Operating	-3.9	-1.4	0.0	0.0	—
+ Income Taxes Paid	22.8	37.8	66.7	39.8	—
Cash from Operating Activities	-60.5	389.9	213.9	237.2	—
Cash from Investing Activities
+ Acq of Fixed Assets (Capex)	83.4	127.3	176.4	382.4	—
+ Disp of Fixed Assets	4.3	3.9	4.8	3.0	—
+ Acq of Investment Property	254.0	246.0	0.0	160.8	—
+ Disp of Investment Property	256.6	127.6	0.0	175.8	—
+ Purchase of Investments (Equity / Debt)	5.5	9.8	293.0	0.0	—
+ Sale of Investments (Equity / Debt)	0.0	0.0	245.9	0.0	—
+ Acq of Interests in Joint Ventures	0.0	0.0	7.5	0.0	—
+ Acq of Subsidiaries / Businesses (net)	0.0	0.0	0.0	16.2	—
+ Government Grants Received	0.0	0.0	0.0	3.7	—
+ Dividends Received — Investing	0.0	0.0	0.0	0.0	—
+ Interest Received — Investing	0.4	0.5	0.5	0.8	—
+ Other Inflows / (Outflows) — Investing	-1.1	-0.7	-3.2	1.4	—
Cash from Investing Activities	-82.6	-251.8	-229.0	-374.7	—
Cash from Financing Activities
+ Proceeds from Issue of Shares	23.2	0.0	0.0	0.0	—
+ Proceeds from Borrowings	126.4	90.8	72.5	214.6	—
+ Repayment of Borrowings	3.8	126.4	28.5	29.2	—
+ Payment of Lease Liabilities	0.0	0.0	0.0	4.4	—
+ Payment of Finance Lease Liabilities	0.0	4.7	—	—	—
+ Interest Paid	2.4	9.0	14.5	19.9	—
+ Dividends Paid	11.6	23.2	23.2	23.2	—
+ Other Inflows / (Outflows) — Financing	-5.5	-3.5	-5.4	0.0	—
Cash from Financing Activities	126.4	-75.9	1.0	137.8	—
Net Changes in Cash (pre-FX)	-16.8	62.2	-14.0	0.2	—
Net Changes in Cash	-16.8	62.2	-14.0	0.2	—
Closing Cash	16.3	78.5	—	—	—
Reference Items
EBITDA	129.7	203.0	324.1	265.0	251.1
EBITDA Margin %	4.00	5.35	7.84	5.85	5.09
Free Cash Flow (CFO − Capex)	-143.9	262.6	37.5	-145.2	-145.2
Free Cash Flow to Equity	—	212.1	66.5	22.6	—
Free Cash Flow per Basic Share	-15.50	28.30	4.04	-15.65	-15.65
Cash Flow to Net Income	-1.22	3.66	1.14	1.58	—
Cash Paid for Taxes	22.8	37.8	66.7	39.8	—
Cash Paid for Interest	2.4	9.0	14.5	19.9	—

As filed, sign as filed: a payment tagged as a positive magnitude in the filing stays positive here, so read the label, not the sign. A line appears only when the company tagged that concept in at least one period shown — depth follows the filer, so a thin statement means a thin filing. Total Adjustments is the filer's own grand total of the reconciliation and spans BOTH the non-cash items and the working-capital block; Profit Before Tax plus it equals Cash from Operations (pre-tax). It can be reported when its components are not, so it is never a sum of the rows above it. No consensus estimates → no Est columns. Click any row to chart it.

« ‹ › »Latest: FY26 · ConsolidatedFA Financial Analysis · alphave

Data & compliance. Descriptive financial information from official NSE/BSE filings — for information and education only, not investment advice, a recommendation, or a valuation. Standalone = parent entity; consolidated includes subsidiaries. Historical multiples pair each fiscal year's filed figures with that FY-end market close; the Current column uses the last close with the latest filed annuals. Figures are cross-verified via accounting identities and NSE×BSE agreement — XBRL cross-verified ✓ 95%.