Heritage Foods Limited
Heritage Foods Limited procures and processes milk and milk products in India. The company operates through Dairy, Renewable Energy, and Feed segments. It offers milk, curd, butter milk, lassi, ice cream, frozen desserts, milkshakes, paneer, ghee, butter, cheese, fresh cream, cold coffee, cooking butter, milk powder, flavored milk, UHT milk, and dairy whitener products; and operates and franchise… Read more
Heritage Foods Limited (HERITGFOOD) - Net Assets
Latest net assets as of September 2025: ₹10.51 Billion INR
Based on the latest financial reports, Heritage Foods Limited (HERITGFOOD) has net assets worth ₹10.51 Billion INR as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₹16.63 Billion) and total liabilities (₹6.12 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₹10.51 Billion |
| % of Total Assets | 63.21% |
| Annual Growth Rate | 14.64% |
| 5-Year Change | 62.99% |
| 10-Year Change | 305.12% |
| Growth Volatility | 41.12 |
Heritage Foods Limited - Net Assets Trend (2006–2025)
This chart illustrates how Heritage Foods Limited's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Heritage Foods Limited (2006–2025)
The table below shows the annual net assets of Heritage Foods Limited from 2006 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | ₹9.72 Billion | +20.27% |
| 2024-03-31 | ₹8.08 Billion | +11.34% |
| 2023-03-31 | ₹7.26 Billion | +10.39% |
| 2022-03-31 | ₹6.58 Billion | +10.27% |
| 2021-03-31 | ₹5.96 Billion | +29.15% |
| 2020-03-31 | ₹4.62 Billion | -43.29% |
| 2019-03-31 | ₹8.14 Billion | +3.30% |
| 2018-03-31 | ₹7.88 Billion | +162.15% |
| 2017-03-31 | ₹3.01 Billion | +25.32% |
| 2016-03-31 | ₹2.40 Billion | +24.35% |
| 2015-03-31 | ₹1.93 Billion | +7.92% |
| 2014-03-31 | ₹1.79 Billion | +26.00% |
| 2013-03-31 | ₹1.42 Billion | +52.85% |
| 2012-03-31 | ₹928.29 Million | +7.45% |
| 2011-03-31 | ₹863.89 Million | -0.39% |
| 2010-03-31 | ₹867.26 Million | +3.44% |
| 2009-03-31 | ₹838.46 Million | -29.47% |
| 2008-03-31 | ₹1.19 Billion | +67.00% |
| 2007-03-31 | ₹711.86 Million | -1.80% |
| 2006-03-31 | ₹724.94 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Heritage Foods Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 801961000000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₹8.02 Billion | 82.51% |
| Common Stock | ₹463.98 Million | 4.77% |
| Other Comprehensive Income | ₹867.39 Million | 8.92% |
| Other Components | ₹368.62 Million | 3.79% |
| Total Equity | ₹9.72 Billion | 100.00% |
Heritage Foods Limited Competitors by Market Cap
The table below lists competitors of Heritage Foods Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Digital Asset Acquisition Corp. Units
NASDAQ:DAAQU
|
$149.56 Million |
|
Heliostar Metals Ltd
OTCQX:HSTXF
|
$149.62 Million |
|
Risuntek Inc
SHE:002981
|
$149.63 Million |
|
Focus Lightings Tech Co Ltd
SHE:300708
|
$149.67 Million |
|
Finwise Bancorp
NASDAQ:FINW
|
$149.49 Million |
|
Shanghai Smart Control Co. Ltd.
SHE:001266
|
$149.46 Million |
|
Jaeyoung Solutec Co. Ltd
KQ:049630
|
$149.45 Million |
|
Tengjun Biotechnology Corp
OTCQB:TJBH
|
$149.42 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Heritage Foods Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 8,081,590,000 to 9,719,600,000, a change of 1,638,010,000 (20.3%).
- Net income of 1,882,800,000 contributed positively to equity growth.
- Dividend payments of 231,990,000 reduced retained earnings.
- Other comprehensive income decreased equity by 70,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₹1.88 Billion | +19.37% |
| Dividends Paid | ₹231.99 Million | -2.39% |
| Other Comprehensive Income | ₹-70.00K | -0.0% |
| Other Changes | ₹-12.73 Million | -0.13% |
| Total Change | ₹- | 20.27% |
Book Value vs Market Value Analysis
This analysis compares Heritage Foods Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 2.97x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 33.87x to 2.97x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2006-03-31 | ₹9.20 | ₹311.60 | x |
| 2007-03-31 | ₹7.46 | ₹311.60 | x |
| 2008-03-31 | ₹12.81 | ₹311.60 | x |
| 2009-03-31 | ₹9.04 | ₹311.60 | x |
| 2010-03-31 | ₹9.34 | ₹311.60 | x |
| 2011-03-31 | ₹9.30 | ₹311.60 | x |
| 2012-03-31 | ₹10.00 | ₹311.60 | x |
| 2013-03-31 | ₹15.29 | ₹311.60 | x |
| 2014-03-31 | ₹19.26 | ₹311.60 | x |
| 2015-03-31 | ₹20.79 | ₹311.60 | x |
| 2016-03-31 | ₹26.22 | ₹311.60 | x |
| 2017-03-31 | ₹32.40 | ₹311.60 | x |
| 2018-03-31 | ₹83.80 | ₹311.60 | x |
| 2019-03-31 | ₹86.49 | ₹311.60 | x |
| 2020-03-31 | ₹49.53 | ₹311.60 | x |
| 2021-03-31 | ₹64.21 | ₹311.60 | x |
| 2022-03-31 | ₹70.86 | ₹311.60 | x |
| 2023-03-31 | ₹78.22 | ₹311.60 | x |
| 2024-03-31 | ₹87.09 | ₹311.60 | x |
| 2025-03-31 | ₹104.74 | ₹311.60 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Heritage Foods Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 19.37%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.55%
- • Asset Turnover: 2.65x
- • Equity Multiplier: 1.60x
- Recent ROE (19.37%) is above the historical average (8.93%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2006 | 18.19% | 4.51% | 2.31x | 1.74x | ₹59.34 Million |
| 2007 | 0.45% | 0.09% | 1.58x | 3.16x | ₹-66.12 Million |
| 2008 | 0.79% | 0.16% | 1.69x | 2.93x | ₹-109.49 Million |
| 2009 | -42.61% | -4.51% | 2.30x | 4.10x | ₹-441.08 Million |
| 2010 | 6.36% | 0.61% | 2.41x | 4.31x | ₹-31.54 Million |
| 2011 | 1.28% | 0.10% | 2.90x | 4.38x | ₹-75.27 Million |
| 2012 | 9.91% | 0.66% | 3.40x | 4.41x | ₹-847.70K |
| 2013 | 35.21% | 3.12% | 3.90x | 2.90x | ₹357.73 Million |
| 2014 | 25.34% | 2.63% | 3.50x | 2.75x | ₹274.24 Million |
| 2015 | 14.70% | 1.37% | 3.94x | 2.73x | ₹90.67 Million |
| 2016 | 23.10% | 2.33% | 4.14x | 2.40x | ₹314.37 Million |
| 2017 | 22.22% | 2.53% | 4.02x | 2.18x | ₹367.51 Million |
| 2018 | 8.07% | 2.65% | 1.39x | 2.19x | ₹-149.95 Million |
| 2019 | 10.15% | 3.24% | 1.54x | 2.04x | ₹11.78 Million |
| 2020 | -34.88% | -5.88% | 2.76x | 2.15x | ₹-2.06 Billion |
| 2021 | 25.17% | 6.06% | 2.81x | 1.47x | ₹903.65 Million |
| 2022 | 14.69% | 3.61% | 2.97x | 1.37x | ₹308.14 Million |
| 2023 | 7.99% | 1.79% | 2.88x | 1.55x | ₹-146.11 Million |
| 2024 | 13.18% | 2.81% | 2.96x | 1.59x | ₹257.33 Million |
| 2025 | 19.37% | 4.55% | 2.65x | 1.60x | ₹910.84 Million |
Industry Comparison
This section compares Heritage Foods Limited's net assets metrics with peer companies in the Packaged Foods industry.
Industry Context
- Industry: Packaged Foods
- Average net assets among peers: $6,755,085,500
- Average return on equity (ROE) among peers: 15.80%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Heritage Foods Limited (HERITGFOOD) | ₹10.51 Billion | 18.19% | 0.58x | $149.49 Million |
| ADF Foods Limited (ADFFOODS) | $2.04 Billion | 20.92% | 0.33x | $75.83 Million |
| Ajooni Biotech Limited (AJOONI) | $427.08 Million | 5.06% | 0.11x | $5.94 Million |
| Agro Tech Foods Limited (ATFL) | $3.40 Billion | 9.29% | 0.28x | $72.67 Million |
| Avanti Feeds Limited (AVANTIFEED) | $1.25 Billion | 24.02% | 0.98x | $519.72 Million |
| Adani Wilmar Limited (AWL) | $25.71 Billion | 17.93% | 3.58x | $896.44 Million |
| Bombay Burmah Trading Corporation Limited (BBTC) | $5.73 Billion | 8.51% | 0.53x | $267.63 Million |
| Mrs. Bectors Food Specialities Limited (BECTORFOOD) | $2.95 Billion | 11.25% | 0.96x | $310.10 Million |
| Bikaji Foods International Limited (BIKAJI) | $14.81 Billion | 13.57% | 0.31x | $464.99 Million |
| Britannia Industries Limited (BRITANNIA) | $7.02 Billion | 25.13% | 0.96x | $7.95 Billion |
| CCL Products (India) Limited (CCL) | $4.22 Billion | 22.29% | 0.81x | $835.14 Million |