Buy Heritage Foods, target price Rs 595: ICICI Securities

ICICI Securities has buy call on Heritage Foods with a target price of Rs 595. The current market price of Heritage Foods Ltd. is Rs 402.

Time period given by analyst is one year when Heritage Foods Ltd. price can reach defined target.

Heritage Foods Ltd., incorporated in the year 1992, is a Small Cap company (having a market cap of Rs 1862.88 Crore) operating in FMCG sector.


Heritage Foods Ltd. key Products/Revenue Segments include Dairy And Food Processing, Sale of services and Other Operating Revenue for the year ending 31-Mar-2021.


Financials
For the quarter ended 30-09-2021, the company reported a Consolidated Total Income of Rs 673.20 Crore, up 3.43 % from last quarter Total Income of Rs 650.90 Crore and up 10.04 % from last year same quarter Total Income of Rs 611.80 Crore. Company reported net profit after tax of Rs 32.72 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 39.49 per cent stake in the company as of 30-Sep-2021, while FIIs owned 3.47 per cent, DIIs 14.26 per cent.