Heritage Foods Limited

10-Year Financial Highlights ( ` Million) Particulars 2011-12 2012-13 2013-14 2014-15 2015-16 2016-17 2017-18 2018-19 2019-20 2020-21 Turnover 13,934 16,018 17,220 20,730 23,806 18,714 23,440 24,823 26,811 24,070 Other Income 32 42 50 70 66 37 72 111 83 84 Fair Value gain on Equity Securities - - - - - 2,468 3,954 1,311 2,945 - Total Income 13,966 16,060 17,270 20,800 23,871 21,219 27,466 26,245 29,839 24,154 EBITDA 526 1,034 987 881 1,365 1,490 1,333 1,924 (769) 2,565 EBITDA from Core Business** 526 1,034 987 881 1,365 1,490 1,333 1,924 1,402 2,613 Depreciation & Amortization 212 220 250 340 345 249 370 437 480 441 Interest 178 148 119 150 146 93 166 200 197 163 Loss due to changes in fair value of derivative liabilities - - - - - 385 3,870 1,311 5,116 48 Provision for Taxation 42 137 159 109 306 307 277 452 153 510 Pro fi t after Tax (PAT) 93 500 453 282 554 2,926 604 834 (1,600) 1,452 Pro fi t after Tax (PAT) from core business 93 500 453 282 554 2,926 604 834 571 1,500 Cash Pro fi t/(Loss)** 305 720 703 622 899 1,092 890 1,272 1,051 1,940 Equity Dividend (%) 20 30 30 30 30 40 40 40 50 100 Dividend Payout (including tax on dividend) 27 41 81 84 84 112 112 112 116 232 Equity Share Capital 115 116 232 232 232 232 232 232 232 232 Reserves and Surplus 816 1,303 1,558 1,698 2,168 5,700 7,548 7,818 4,391 5,706 Net Worth 931 1,419 1,790 1,930 2,400 5,932 7,780 8,050 4,623 5,938 Gross Fixed Assets 3,459 3,635 4,196 4,623 5,184 3,050 4,632 5,551 6,318 7,140 Net Fixed Assets 2,303 2,368 2,715 2,807 3,120 2,874 4,247 4,757 5,156 5,563 Key Indicators Particulars 2011-12 2012-13 2013-14 2014-15 2015-16 2016-17 2017-18 2018-19 2019-20 2020-21 Earnings per share* ( ` ) 8.1 21.64 19.53 12.16 23.89 63.06 13.01 17.98 (34.49) 31.29 Cash Earnings Per Share ( ` ) 26.47 31.03 30.31 26.81 38.77 23.53 19.18 27.40 22.66 41.81 Book Value Per Share ( ` ) 80.77 61.16 77.15 83.29 103.45 127.85 167.67 173.49 99.64 127.97 Debt : Equity Ratio 0.99:1 0.42:1 0.25:1 0.29:1 0.27:1 0.13:1 0.21:1 0.24:1 0.35:1 0.04:1 EBITDA/Turnover (%) 3.77 6.27 5.73 4.25 5.68 7.96 5.68 7.75 (2.87) 10.66 EBITDA/Turnover (%) from core business** 3.77 6.27 5.73 4.25 5.68 7.96 5.68 7.75 5.23 10.86 Net Pro fi t Margin (%) 0.67 3.12 2.63 1.36 2.33 15.64 2.58 3.36 (5.97) 6.03 Net Pro fi t Margin (%) from core business** 0.67 3.12 2.63 1.36 2.33 15.64 2.58 3.36 2.13 6.23 RoNW (%) 10.02 35.21 25.32 14.62 23.10 49.33 7.76 10.37 (34.61) 24.45 *EPS and book value per share for FY 2012-13 has been adjusted on account of issue of bonus shares **Fair value gain on FVTPL equity shares and loss due to changes in fair value of derivative liabilities were not considered in EBITDA and cash pro fi t CORPORATE OVERVIEW 29 th Annual Report 2020-21 | 27