Heritage Food

This company was founded by Chandrababu Naidu. He is no longer on the Board but his son, Lokesh Nara is a Director. A diverse portfolio company, it is into dairy, retail, agri, bakery and renewable energy. It posted a set of great Q4FY16 numbers  and Fy16 numbers.

For the quarter, consolidated net sales rose 16% (YoY) at Rs.613 crore. Operating profit was up 47% at Rs.28 crore and it ended Q4 with a net profit at Rs.18 crore, up 50%.

It ended Fy16 with a consolidated net sales of Rs.2329 crore, up 14% and net profit was up by a smary 96% at Rs.55 crore.

In terms of verticals breakup, dairy contributes 73% to the topline , followed by retail at 26%, agri at 4%. Bakery and renewable energy have a miniscule contribution – bakery and agri posted losses for the quarter.

The company’s equity stands at Rs.23.20 crore and EPS is at Rs.24 (FV of Rs.10/share). Borrowings have come down 26% at Rs.105 crore. Reserves is at Rs.217 crore and cash is at Rs.45 crore. Promoters stake is at 39.90%.