Heritage Foods Ltd.

Financial

	Heritage Foods	Raghuvansh Agro	Bengal & Assam
Operational Metrics
Dairy
Sales Volume - Milk	1.08 MLPD	n/a	n/a
Sales volume- Curd	435.6 MTPD	n/a	n/a
Realization/Litre - Milk	55.0 Rs/Litre	n/a	n/a
FMCG Sector
Milk Processing Capacity	2.68 MLPD	n/a	n/a
Milk Generation	1.63 MLPD	n/a	n/a
Financials
5 yr Average ROE	4.62 %	13.81 %	13.86 %
5yr average Equity Multiplier	1.72	1.51	3.87
5yr Average Asset Turnover Ratio	2.59	1.1	0.84
5yr Avg Net Profit Margin	1.76 %	25.37 %	4.44 %
Price to Book	4.48	0.0	1.52
P/E	39.57	40.2	2.4
5yr Avg Cash Conversion Cycle	27.07 Days	179.55 Days	n/a
Inventory Days	24.52 Days	38.49 Days	n/a
Days Receivable	2.52 Days	161.88 Days	n/a
Days Payable	9.8 Days	102.02 Days	n/a
5yr Average Interest Coverage Ratio	10.32	298.24	n/a
5yr Avg ROCE	11.76 %	14.29 %	n/a
5yr Avg Operating Profit Margin	5.64 %	33.46 %	n/a
5 yr average Debt to Equity	0.27	0.02	n/a
5yr CAGR Net Profit	-6.57 %	-5.12 %	n/a
5yr Average Return on Assets	4.34 %	9.63 %	n/a
Shareholdings
Promoter Holding	41.3 %	21.11 %	73.01 %
Share Pledged by Promoters	0.0	39.76 %	0.0
Change in Promoter Holding (3 Yrs)	1.4 %	0.0	0.35 %
Change in Mutual Fund Holding (3 Yrs)	-1.97 %	0.0	0.0

Business

	Heritage Foods	Raghuvansh Agro	Bengal & Assam
Product Wise Break-Up	Product Wise Break-Up Dairy 95.26 Animal Feed 4.59 Renewable Energy 0.16 Plant & Machinery Rent 0 Areca Nut 0 Jaggery 0 Organic Manure 0 Dairy Product 0 Agricultural Product 0 Dairy Products 0 Tyre 0 Polymer 0 Investment 0	Product Wise Break-Up Tyre 0 Jaggery 0 Dairy Products 0 Organic 29.66 Animal Feed 0 Investment 0 Plant & Machinery Rent 1.57 Agricultural 32.02 Polymer 0 Renewable Energy 0 Areca Nut 0 Dairy Product 0 Dairy 0 Others 36.75	Product Wise Break-Up Tyres 87.21 Jaggery 0 Dairy Products 0 Organic Manure 0 Animal Feed 0 Investment services 1.08 Plant & Machinery Rent 0 Agricultural Product 0 Polymer Product 8.14 Renewable Energy 0 Areca Nut 0 Dairy Product 0 Dairy 0 Others 3.57
Location Wise Break-Up	Location Wise Break-Up India 99.98 Rest of the World 0 International 0 Domestic 0 Others 0.02	Location Wise Break-Up Domestic 0 Rest of the World 0 India 100.0 International 0	Location Wise Break-Up Domestic 82.05 Rest of the World 0 India 0 International 17.95
Operating Profit Break-Up	Operating Profit Break-Up Dairy 94.48 Animal Feed 5.52 Renewable Energy 0	-	-
Asset Break-Up - Segment Wise	Asset Break-Up - Segment Wise Dairy 72.32 Animal Feed 4.76 Renewable Energy 4.66 Others 18.26	-	-