Heritage Nutrivet Limited Heritage Nutrivet Limited (HNL), a wholly owned subsidiary of Heritage Foods Limited, is dedicated to providing animal nutrition through livestock feed and feed supplements. To enhance livestock milk yields and their reproductivity, the Company aims to feed milch animals and take care of their overall health and immunity. The products of HNL are designed to serve a variety of animal needs. It off ers technical support and raises awareness among dairy farmers about improving milk productivity and profi tability. It also provides cost-eff ective solutions for farmers. Heritage Novandie Foods Private Limited Heritage Foods Limited has established a 50:50 Joint Venture Company with Novandie, France, namely, Heritage Novandie Foods Private Limited (HNFPL) to manufacture and market various types of yoghurt in the country; it started its commercial operation on February 17, 2021. The Company’s target market comprises Indian consumers, who are becoming more inclined towards consuming nutritious food. The Company’s primary Unique Selling Proposition (USP) includes off ering the fi rst French yoghurt, supported by manufacturing facilities and quality control of ingredients and procedures. Financial overview The Company has delivered signifi cant returns to its stakeholders as it continues to traverse the path towards becoming a nationally recognised brand for healthy and fresh products. Mentioned below is the Company’s performance for the last 5 years in various parameters. Net worth The Net worth for the last fi ve years is as follows. (D in million) 8,050 FY19 4,623 FY20 5,938 FY21 6,605 FY22 7,367 FY23 Dividend The dividend % declared in last fi ve years. (D in million) 112 FY19 116 FY20 232 FY21 232 FY22 232 FY23 40% 50% 100% 100% 50% Earnings per share Earnings per share (EPS) (Equity Shares of the face value of ` 5/- each) FY19 FY20 9 16 11 7 -17 FY21 FY22 FY23 EPS in C 20 15 10 5 0 -5 -10 -15 -20 Note: EPS has been adjusted for all the years on account of issue of rights issue during the year 2022-23 Key financial highlights for FY 2022-23 The following information is standalone information about the Company and should be read in conjunction with the fi nancial statements and related notes for the fi nancial year ended March 31, 2023. Heritage Foods Limited | 31st Annual report 2022-23 142
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