AI Summary
✦ ClarthaHeritage Foods is an Indian dairy processor supplying milk, curd, ghee, paneer, beverages, and other dairy products. Dairy drives revenue, while Feed contributes cattle-feed and animal-health products; Renewable Energy generates solar and wind power. Revenue grew 9.5% year-on-year, but the provided developments concern Nestlé India, not Heritage Foods. Therefore, no company-specific catalyst supports a margin or growth upgrade. Profit declined 20.3% as margins compressed, indicating weaker earnings conversion despite topline growth. ROE is unavailable, while debt-to-equity of 32.62 implies substantial leverage, increasing financial risk and potentially distorting shareholder returns. At 24.8 times earnings, the stock is fairly valued rather than discounted, but that multiple appears demanding against falling profit and declining margins. The key open question is whether dairy pricing, product mix, and Feed performance can restore profitability.
Valuation Metrics
Trading 7.9% below historical median. Valuation is declining — currently in the strongly undervalued zone (z-score: -0.35). Confidence: 74%.
Live forward EPS implies next-12-month EPS of ₹20.80. Applying the stock's normalized valuation corridor produces a fair range of ₹457.60 to ₹679.54, with base value near ₹560.56 (+54.8% vs current price).
Live forward estimate anchored to the company's historical valuation corridor.
Forward EPS
₹20.80
Forward P/E
17.4x
Base Fair Value
₹560.56
Fair Range
₹457.60 - ₹679.54
Upside To Base
+54.8%
Estimate Source
Live forward EPS
Growth Estimate
-37.8%
5Y Average
21.30
Current
24.81
Overvalued
32.67
Undervalued
22.00
5Y Average
12.03
Current
14.02
Overvalued
15.76
Undervalued
7.13
5Y Average
0.61
Current
0.71
Overvalued
0.70
Undervalued
0.52
Peers & Comparison
Sector: Consumer Staples · Theme: FMCG - Foods
| Company | Rev. Growth | Margin | P/E | vs Avg | 52W Perf. |
|---|---|---|---|---|---|
DODLA DAIRY LIMITED DODLAFMCG - Foods | +19.0% | 5.7% | 25.9x Undervalued | -49% vs avg | -20.6% |
VADILAL INDUSTRIES LTD VADILALINDFMCG - Foods | +57.0% | 10.3% | 34.2x Undervalued | -33% vs avg | +43.0% |
BIKAJI FOODS INTERN LTD BIKAJIFMCG - Foods | +12.5% | 8.4% | 60.6x Premium | +19% vs avg | -13.6% |
MRS BECTORS FOOD SPE LTD BECTORFOODFMCG - Foods | +16.0% | 7.0% | 50.7x Fair | -1% vs avg | -20.7% |
HINDUSTAN FOODS LIMITED HNDFDSFMCG - Foods | +20.7% | 3.6% | 47.5x Fair | -7% vs avg | +11.1% |
ZYDUS WELLNESS LIMITED ZYDUSWELLFMCG - Foods | +66.9% | 4.1% | 87.0x Premium | +71% vs avg | +37.5% |
KWALITY WALL'S (INDIA) L KWILFMCG - Foods | +6.3% | -19.5% | — | — | +18.5% |
HERITAGE FOODS LTD trades at a discount (24.8x vs peer avg 51.0x), suggesting potential undervaluation relative to the Fmcg - Foods cohort. Peers include DODLA DAIRY LIMITED, VADILAL INDUSTRIES LTD, BIKAJI FOODS INTERN LTD — selected based on business model, industry classification, market cap similarity, and business theme alignment.
Financials
Real statement data for revenue, earnings quality, conversion, and balance-sheet coverage. Monetary values are shown in Rs crore.
Latest revenue
₹1.29K CrJun 2026Latest net profit
₹25 CrJun 2026Latest EPS
₹2.67Jun 2026Net margin
4.6%Jun 2026Performance
Bars show revenue and net profit. The line shows net margin.
- Revenue
- Net income
- Net margin %
Earnings
Revenue is shown in crores. EPS is rupees per share.
- Revenue
- EPS
Revenue to profit conversion
Bridge from operating numbers to profit for the latest reported period.
Latest reported period: Jun 2026
Debt level and coverage
Debt, cash and free cash flow compared on the same crore scale.
- Debt
- Free cash flow
- Cash & equivalents
Results
| Metric | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 913 | 963 | 923 | 936 | 1,020 | 1,006 | 1,020 | 1,035 | 1,119 | 1,090 | 1,091 | 1,114 | 1,292 |
| Expenses + | 875 | 919 | 873 | 869 | 929 | 927 | 952 | 961 | 1,051 | 1,019 | 1,035 | 1,065 | 1,232 |
| Operating Profit | 39 | 44 | 49 | 67 | 90 | 79 | 68 | 74 | 68 | 72 | 57 | 50 | 59 |
| OPM % | 4.2% | 4.6% | 5% | 7% | 9% | 8% | 7% | 7% | 6% | 7% | 5% | 4.5% | 4.6% |
| Other Income + | 3 | 2 | 3 | -12 | 6 | 8 | 8 | -18 | 5 | 15 | 8 | 6 | 6 |
| Interest | 3 | 1 | 2 | 3 | 3 | 4 | 4 | 4 | 4 | 4 | 4 | 5 | 8 |
| Depreciation | 14 | 14 | 15 | 15 | 16 | 17 | 17 | 17 | 18 | 19 | 19 | 20 | 25 |
| Profit before tax | 25 | 30 | 36 | 37 | 77 | 66 | 55 | 35 | 51 | 64 | 41 | 30 | 33 |
| Tax % | 27% | 25% | 24% | 37% | 24% | 27% | 25% | 42% | 25% | 24% | 26% | 24% | 25% |
| Net Profit + | 18 | 23 | 27 | 23 | 58 | 48 | 41 | 21 | 38 | 48 | 30 | 23 | 25 |
| EPS in Rs | 1.95 | 2.43 | 2.92 | 2.52 | 6.25 | 5.20 | 4.45 | 2.21 | 4.07 | 5.22 | 3.29 | 2.48 | 2.67 |
| Raw PDF |
All values in ₹ Crores unless otherwise stated. Source: Screener Master (Standalone).
Events Timeline
Update On Acquisition Of Additional 20% Equity Share Capital Of M/S. Peanutbutter And Jelly Limited