Herritage foods founded by Mr Chandrababu Naidu is on the roll out for opening up more and more retail shops in the name of fresh@ in Andhra, Karnataka and Tamilnadu. Company's principal activity is to manufacture and market of milk products. Company has a strong presence in this area in Andhra pradesh. Also Heritage is planning to launch the "Heritage" brand agro processed food products in the coming years. In 2007-2008, company is hopefull of making revenue of 300 Crore. At the current market price, shares are available at a P/E of 29, which is not high compared to peer companies.
The backbone of company's growth is in its management. In 2009 elections a change in power in Andhra and center is very likely. With the governments supporting Naidu in power, he should be able to take his company to new heights.
Considering the above facts and also the huge opportunity in Indian retail market, This stock can surely be a multi bagger in 2 to 3 years.
Basantji and others could you please share your views about this company.
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