Buy Heritage Foods, target price Rs 355: HDFC Securities
Heritage Foods with a target price of Rs 355. The current market price of Heritage Foods Ltd.
is Rs 308.2.
Heritage Foods Ltd., incorporated in the year 1992, is a Small Cap company (having a market cap of Rs 2803.83 Crore) operating in FMCG sector.
Heritage Foods Ltd.
key Products/Revenue Segments include Dairy And Food Processing, Sale of services, Scrap and Other Operating Revenue for the year ending 31-Mar-2023.
Financials For the quarter ended 30-09-2023, the company reported a Consolidated Total Income of Rs 980.35 Crore, up 5.83 % from last quarter Total Income of Rs 926.33 Crore and up 19.69 % from last year same quarter Total Income of Rs 819.05 Crore.
Company reported net profit after tax of Rs 24.05 Crore in latest quarter.
Promoter/FII Holdings Promoters held 41.3 per cent stake in the company as of 31-Dec-2023, while FIIs owned 1.73 per cent, DIIs 11.97 per cent.
