Hatsun Agro Product vs Heritage Foods vs Parag Milk Foods: Which Stock Should You Track
- September 23, 2026
- Posted by: Harsh Piplani
- Category: Market
Hatsun Agro Product PE 71.17, mkt cap Rs 25,998 crore. Heritage Foods PE 28.60, mkt cap Rs 3,848 crore. Parag Milk Foods PE 24.36, mkt cap Rs 3,507 crore.
Quick Answer
Hatsun Agro Product vs Heritage Foods vs Parag Milk Foods is a side-by-side comparison of three companies from the Dairy and Food Processing space. On this comparison, Hatsun Agro Product carries a market capitalisation of about Rs 25,998 crore against Rs 3,848 crore for Heritage Foods and Rs 3,507 crore for Parag Milk Foods, with return on equity of 18.32%, 13.61% and 11.69% respectively. Each company’s numbers are presented here without a declared better pick, since the right stock depends on an investor’s own criteria.
Hatsun Agro Product vs Heritage Foods vs Parag Milk Foods starts with the core numbers most investors compare within the Dairy and Food Processing segment: market capitalisation, valuation multiples, profitability and dividend yield. Figures below are sourced as of September 2026 and will shift with daily price moves.
All three names sit in the Dairy and Food Processing bucket, which makes them a natural set to place side by side rather than a random trio of unrelated businesses.
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Hatsun Agro Product, Heritage Foods and Parag Milk Foods: Company Overview
Hatsun Agro Product is a listed Indian company in the Dairy and Food Processing space, tracked here on book value, return ratios and valuation alongside its peers in this comparison.
Heritage Foods is a listed Indian company in the Dairy and Food Processing space, tracked here on book value, return ratios and valuation alongside its peers in this comparison.
Parag Milk Foods is a listed Indian company in the Dairy and Food Processing space, tracked here on book value, return ratios and valuation alongside its peers in this comparison.
Hatsun Agro Product vs Heritage Foods vs Parag Milk Foods: Valuation and Profitability Snapshot
| Metric | Hatsun Agro Product | Heritage Foods | Parag Milk Foods |
|---|---|---|---|
| Market Cap (approx.) | Rs 25,998 crore | Rs 3,848 crore | Rs 3,507 crore |
| PE Ratio (TTM) | 71.17 | 28.60 | 24.36 |
| PB Ratio | 13.37 | 3.50 | 2.80 |
| Return on Equity (ROE) | 18.32% | 13.61% | 11.69% |
| EPS (TTM, Rs) | 16.40 | 14.50 | 11.46 |
| Dividend Yield | 0.51% | 0.60% | 0.39% |
| Debt to Equity | 0.95 | 0.33 | 0.39 |
| Book Value per Share (Rs) | 87.30 | 118.55 | 99.60 |
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On valuation, Hatsun Agro Product trades at a PE of 71.17 and a PB of 13.37, Heritage Foods at a PE of 28.60 and a PB of 3.50, while Parag Milk Foods trades at a PE of 24.36 and a PB of 2.80. On return on equity, the three post 18.32%, 13.61% and 11.69% respectively, and on dividend yield they stand at 0.51%, 0.60% and 0.39%.
Hatsun Agro Product vs Heritage Foods vs Parag Milk Foods: Latest Quarterly Results
| Company | Latest Quarter Revenue | Latest Quarter Net Profit | YoY Change (Revenue) | QoQ Change (Revenue) |
|---|---|---|---|---|
| Hatsun Agro Product | Rs 2,366.68 crore | Rs 60.58 crore | +17.6% | -2.7% |
| Heritage Foods | Rs 1,344.50 crore | Rs 24.97 crore | +17.7% | +15.5% |
| Parag Milk Foods | Rs 945.98 crore | Rs 22.05 crore | +10.1% | -1.9% |
Quarterly figures above are the most recent reported quarter for each company (Q1 FY28, quarter ended June 2026), compared with the year-ago and preceding quarter.
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What Should Investors Look at Beyond These Numbers?
Beyond the metrics above, investors comparing these three dairy and food processing names should track quarter-on-quarter revenue and margin trends, management commentary on demand and cost drivers, and any sector-specific regulatory developments, since a single-quarter snapshot can shift quickly.
Conclusion
Hatsun Agro Product vs Heritage Foods vs Parag Milk Foods highlights how differently three companies in the same dairy and food processing segment can score across valuation, profitability and dividend metrics, even when operating in a similar space. This comparison does not declare a winner; investors should weigh these figures against their own research and risk appetite. Please read the disclaimer below before making any investment decision.
Disclaimer: Data and figures in this article are sourced from publicly available information as of September 2026 and may not reflect real-time prices. Please verify all data independently before making any investment decision. This comparison does not recommend or endorse any single stock over another; investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
FAQs on Hatsun Agro Product vs Heritage Foods vs Parag Milk Foods
What is the market cap difference between Hatsun Agro Product, Heritage Foods and Parag Milk Foods?
Ans. As of September 2026, Hatsun Agro Product has a market cap of approximately Rs 25,998 crore, Heritage Foods is at approximately Rs 3,848 crore, and Parag Milk Foods is at approximately Rs 3,507 crore.
Which of the three has the highest PE ratio?
Ans. Among Hatsun Agro Product, Heritage Foods and Parag Milk Foods, the PE ratios stand at 71.17, 28.60 and 24.36 respectively as of September 2026.
Which of the three has the highest ROE?
Ans. Hatsun Agro Product, Heritage Foods and Parag Milk Foods post ROE of 18.32%, 13.61% and 11.69% respectively as of September 2026.
Which of these three stocks pays the highest dividend yield?
Ans. Hatsun Agro Product, Heritage Foods and Parag Milk Foods carry dividend yields of 0.51%, 0.60% and 0.39% respectively.
What is the debt to equity ratio for Hatsun Agro Product, Heritage Foods and Parag Milk Foods?
Ans. Hatsun Agro Product carries a debt to equity of 0.95, Heritage Foods of 0.33, and Parag Milk Foods of 0.39.
Which of the three trades at the highest price to book value?
Ans. Hatsun Agro Product, Heritage Foods and Parag Milk Foods trade at price to book ratios of 13.37, 3.50 and 2.80 respectively.
Is one of Hatsun Agro Product, Heritage Foods or Parag Milk Foods better than the others?
Ans. This comparison does not declare one stock better than another; each company scores differently across valuation, profitability and dividend metrics, and the right fit depends on an individual investor’s own criteria and research.
