Why Heritage Foods share price is rising. How is N.Chandrababu Naidu related to it?
Heritage Foods
Heritage Foods is engaged in the business of procurement and processing of Milk & Milk products and also generation of power through solar & wind for the captive consumption of its dairy plants.
The company’s products include milk and value-added products such as curd, ice cream/frozen dessert, paneer, buttermilk, flavored milk, lassi, milk powders, and sweets, etc. Heritage Foods Limited is one of the largest private sector dairy enterprises in Southern India.
Heritage Foods share price target 2024 & Financials.
Technicals
Heritage Foods has given a return of 153.17% in the last 6 months. The stock has hit an Upper circuit of 10% on 6 June , 2024. The stock is currently trading at its ALL-Time HIGH. It is expected to perform well in future and give more returns to its investors.
Financials
The Market Cap of the company is ₹ 5,577 Cr, it is currently trading at a P.E of 52.3 where its Industry P.E is 33.5 . The Co. is almost Debt free.
The Quarterly datas are: (in Crores)
| Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | |
|---|---|---|---|---|---|
| Sales | 818 | 924 | 979 | 941 | 951 |
| Operating Profit | 40 | 39 | 45 | 50 | 69 |
| OPM % | 5% | 4% | 5% | 5% | 7% |
| Net Profit | 18 | 17 | 22 | 27 | 40 |
Percentage increase in the Quartely Sales & Net Profit are:
| Mar 2023 to Jun 2023 | Jun 2023 to Sep 2023 | Sep 2023 to Dec 2023 | Dec 2023 to Mar 2024 | |
|---|---|---|---|---|
| Sales Increase | 12.96% | 5.95% | -3.88% | 1.06% |
| Net Profit Increase | -5.56% | 29.41% | 22.73% | 48.15% |
The Annual Datas are : (in Crores)
| Mar 2023 | Mar 2024 | |
|---|---|---|
| Sales + | 3,209 | 3,734 |
| Operating Profit | 137 | 199 |
| OPM % | 4% | 5% |
| Net Profit + | 66 | 91 |
| Dividend Payout % | 35% | 0% |
This data states that there is an increase in Sales by 16.36% , Operating Profit by 45.26% , Net Profit by 37.88% .
READ MORE: IndiaMart announces Final Dividend of Rs 20/sh. Stock gave a return of above 700% since its listing.
Disclaimer:
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N. Chandrababu Naidu
Nara Chandrababu Naidu (born 20 April 1950), also known as Babu or CBN, is an Indian politician, statesman and the current Chief Minister of Andhra Pradesh. He also served as Chief Minister (CM) in Andhra Pradesh in 1995 , 1999, 2014 . He has been the national President of the Telugu Desam Party (TDP) since 2015.
He is set to become the Chief Minister for a Fourth time (in 2024) following a landslide victory in the Andhra Pradesh Assembly elections. He is also looking forward to playing a crucial role in the BJP-led NDA government at the Centre.
Chandrababu Naidu is about to take oath as the CM of Andhra Pradesh on June 12,2024.
What is the link between N.Chandrababu Naidu & Heritage Foods?