ADF Foods

₹227 -7.1 | 3%

WEBSITE BSE:519183 NSE : ADF FOODS LT 10 May, 16:01

Market Cap ₹2494 Cr.

Stock P/E 33.1

P/B 5.7

Current Price ₹227

Book Value ₹ 40.1

Face Value 2

52W High ₹853

Dividend Yield 2.29%

52W Low ₹ 162

Edit Ratio

ADF Foods Research see more...

Detailed research on ADF Foods Limited

Overview Inc. Year: 1990Industry: Consumer Food

ADF Foods Ltd is a holding corporation. The Company is engaged within the enterprise of Meal Accompliments, Can Food & Ready to eat and Frozen Foods. The Company is engaged mainly within the commercial enterprise of producing and exporting food merchandise, including pickles, chutneys, ready to eat objects, paste and sauces, frozen meals and spices. It offers merchandise in numerous manufacturers, together with ASHOKA, SOUL, TRULY INDIAN, NATE'S, PJ'S ORGANICS, AEROPLANE and CAMEL. Its product categories include PONK; CHUTNEYS WITH OLIVE OIL, which include Mint, Garlic, and Tamarind Chutney; FROZEN KATHI ROLLS, such as Potato Paneer Schezwan, Paneer Biryani and Matar Paneer; MANGO CHUTNEYS, which include Mango Ginger, Hot Mango; and Sweet Mango Chutney; FROZEN PARATHAS, including Aloo Palak, Ajwain, and Bhatura Paratha; FROZEN VEGETABLES, such as Val Papdi, Val Lilva and Tindora Cut, and PUNJABI SAMOSAS, including Punjabi Samosas (No Onion No Garlic).

ADF Foods Share Price

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Peer Comparison

ADF Foods Quarterly Results

#(Fig in Cr.)	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Net Sales	117	108	97	107	123	123	112	125	130	154
Other Income	2	4	4	4	3	1	2	3	4	2
Total Income	119	112	101	111	126	124	115	128	133	155
Total Expenditure	97	93	88	89	96	97	90	103	103	119
Operating Profit	21	19	13	22	30	27	24	25	31	36
Interest	1	1	1	1	1	1	1	1	1	1
Depreciation	3	3	3	3	4	4	4	4	4	4
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	18	15	9	18	25	23	20	21	26	31
Provision for Tax	4	4	2	4	7	7	6	6	7	6
Profit After Tax	14	11	8	14	19	16	15	15	19	25
Adjustments	-0	-0	0	-0	-0	0	0	0	0	1
Profit After Adjustments	13	11	8	14	19	16	15	15	19	26
Adjusted Earnings Per Share	1.3	1.1	0.7	1.2	1.7	1.5	1.4	1.4	1.8	2.4

ADF Foods Profit & Loss

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Net Sales	179	208	204	210	201	201	231	285	370	421	450	521
Other Income	3	4	7	4	7	19	14	9	6	9	11	11
Total Income	182	212	211	214	208	219	245	295	375	431	461	531
Total Expenditure	162	192	188	190	179	182	203	232	302	355	370	415
Operating Profit	20	20	23	24	28	38	43	62	74	76	92	116
Interest	3	2	1	1	1	1	1	1	1	2	3	4
Depreciation	7	11	11	12	5	4	4	6	6	9	14	16
Exceptional Income / Expenses	7	0	2	0	0	0	0	-0	0	0	0	0
Profit Before Tax	17	7	12	11	23	32	38	55	67	65	75	98
Provision for Tax	4	2	3	4	8	14	12	12	17	17	20	25
Profit After Tax	14	5	9	7	15	18	25	43	50	49	56	74
Adjustments	0	1	1	0	0	0	0	0	0	-0	0	1
Profit After Adjustments	14	6	10	7	15	18	25	43	50	48	56	75
Adjusted Earnings Per Share	1.3	0.5	0.9	0.6	1.4	1.7	2.5	4.3	5	4.6	5.1	7

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	7%	16%	17%	10%
Operating Profit CAGR	21%	14%	19%	16%
PAT CAGR	14%	9%	25%	15%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	37%	8%	36%	38%
ROE Average	15%	18%	18%	12%
ROCE Average	20%	23%	24%	17%

ADF Foods Balance Sheet

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	149	148	153	159	167	174	172	204	274	343	419
Minority's Interest	-1	0	0	0	0	0	0	0	0	3	2
Borrowings	13	7	2	0	0	0	0	0	0	11	0
Other Non-Current Liabilities	5	2	4	7	-1	0	-0	1	5	56	56
Total Current Liabilities	49	54	48	37	22	29	22	59	58	56	43
Total Liabilities	215	211	207	202	188	203	194	264	336	468	520
Fixed Assets	87	80	93	83	81	80	69	77	77	160	175
Other Non-Current Assets	8	11	11	16	8	7	10	10	8	8	16
Total Current Assets	120	121	103	103	98	116	115	177	251	299	330
Total Assets	215	211	207	202	188	203	194	264	336	468	520

ADF Foods Cash Flow

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	6	3	6	8	11	11	28	14	20	40	54
Cash Flow from Operating Activities	2	18	6	15	17	24	20	31	36	34	51
Cash Flow from Investing Activities	-23	5	18	1	-1	3	-4	-40	-8	-54	-63
Cash Flow from Financing Activities	18	-21	-21	-18	-12	-11	-32	14	-7	33	-5
Net Cash Inflow / Outflow	-3	3	3	-1	4	16	-17	5	20	13	-17
Closing Cash & Cash Equivalent	3	5	8	7	12	28	14	20	40	54	40

ADF Foods Ratios

#	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	1.28	0.51	0.89	0.6	1.38	1.7	2.53	4.27	5	4.59	5.11
CEPS(Rs)	1.92	1.45	1.84	1.69	1.81	2.12	2.96	4.82	5.59	5.49	6.33
DPS(Rs)	0.3	0.3	0.3	0	0.5	0	0	0.6	0.6	0.8	1
Book NAV/Share(Rs)	13.52	13.42	13.87	14.4	15.72	16.42	17.13	20.38	25.52	31.81	38.13
Core EBITDA Margin(%)	9.2	7.62	7.63	9.39	10.63	9.47	12.47	18.5	18.46	15.8	17.91
EBIT Margin(%)	11.03	4.18	6.39	5.81	11.77	16.51	16.68	19.75	18.35	15.89	17.35
Pre Tax Margin(%)	9.63	3.35	5.71	5.16	11.3	15.95	16.3	19.28	18.04	15.46	16.76
PAT Margin (%)	7.66	2.29	4.32	3.15	7.25	8.99	10.95	15	13.54	11.52	12.4
Cash Profit Margin (%)	11.73	7.64	9.88	8.84	9.52	11.18	12.81	16.94	15.13	13.68	15.45
ROA(%)	6.99	2.24	4.22	3.23	7.47	9.23	12.76	18.68	16.67	12.07	11.3
ROE(%)	10.54	3.22	5.89	4.25	8.98	10.61	14.67	22.78	21.79	16.48	14.85
ROCE(%)	11.48	4.75	7.53	7.27	14.08	19.1	22.21	28.2	27.09	21.18	20.09
Receivable days	67.12	59.03	55.97	59.96	63.87	69.82	68.5	62.13	58.29	58.87	66.96
Inventory Days	45.17	45.55	49.56	45.67	45.22	44.13	45.88	57.08	62.96	64.63	56.47
Payable days	45.39	55.6	53.69	45.97	44.08	48.25	52.34	50.77	54.99	67.98	56.62
PER(x)	7.03	17.49	13.05	27.64	25.15	23.58	19.05	7.98	35.67	33.73	29.11
Price/Book(x)	0.66	0.67	0.84	1.15	2.2	2.45	2.81	1.67	6.99	4.87	3.9
Dividend Yield(%)	3.34	3.34	2.57	0	1.44	0	0	1.76	0.34	0.52	0.67
EV/Net Sales(x)	0.74	0.55	0.66	0.86	1.78	1.97	2.01	1.15	4.65	3.7	3.49
EV/Core EBITDA(x)	6.64	5.73	5.97	7.42	12.68	10.53	10.82	5.27	23.33	20.53	17.09
Net Sales Growth(%)	14.8	16.03	-1.85	2.88	-4.21	0.03	15.2	23.23	29.67	13.89	6.9
EBIT Growth(%)	63.01	-56.01	49.66	-6.6	94.08	40.14	16.31	45.9	20.51	-1.37	16.69
PAT Growth(%)	125.23	-65.36	85.13	-25.23	120.78	23.89	40.18	68.84	17.05	-3.09	15.11
EPS Growth(%)	102.28	-59.77	73.96	-32.76	129.09	23.89	48.43	68.84	17.05	-8.26	11.29
Debt/Equity(x)	0.29	0.19	0.12	0.04	0.03	0.01	0	0.11	0	0.05	0
Current Ratio(x)	2.44	2.22	2.16	2.82	4.43	4.06	5.16	3.01	4.35	5.36	7.66
Quick Ratio(x)	1.98	1.72	1.61	2.23	3.42	3.44	3.64	2.08	3.09	4	6.19
Interest Cover(x)	7.91	5.06	9.42	8.91	25.05	29.45	44.35	42.21	58.52	37	29.45
Total Debt/Mcap(x)	0.43	0.28	0.14	0.03	0.01	0	0	0.07	0	0.01	0

ADF Foods Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	31.42	33.58	36.59	36.59	36.59	36.5	36.5	36.29	36.28	36.42
FII	10.06	9.65	9.31	9.37	9.43	9.37	9.45	9.56	9.56	9.54
DII	1.67	1.59	6.03	7.03	7.69	7.9	7.92	7.92	8.02	8.66
Public	56.85	55.18	48.07	47	46.29	46.23	46.12	46.23	46.15	45.38
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	0.63	0.7	0.8	0.8	0.8	0.8	0.8	3.99	3.99	4
FII	0.2	0.2	0.2	0.21	0.21	0.21	0.21	1.05	1.05	1.05
DII	0.03	0.03	0.13	0.15	0.17	0.17	0.17	0.87	0.88	0.95
Public	1.14	1.16	1.06	1.03	1.02	1.02	1.01	5.08	5.07	4.99
Others	0	0	0	0	0	0	0	0	0	0
Total	2	2.1	2.2	2.2	2.2	2.2	2.2	10.99	10.99	10.99

Pros

Company has delivered good profit growth of 25% CAGR over last 5 years
Debtor days have improved from 67.98 to 56.62days.
Company has reduced debt.
Company is almost debt free.

Cons

Promoter holding is low: 36.42%.
Stock is trading at 5.7 times its book value.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

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Empire Spices and Foods ltd

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ADF Foods

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ADF Foods Research see more...

Overview Inc. Year: 1990Industry: Consumer Food

ADF Foods Share Price

Alert Data

Quarterly Price

Peer Comparison

ADF Foods Quarterly Results

ADF Foods Profit & Loss

Growth Rates

ADF Foods Balance Sheet

ADF Foods Cash Flow

ADF Foods Ratios

ADF Foods Shareholding Pattern

ADF Foods News

Top Unlisted Companies & InstaBuy Companies

Empire Spices and Foods ltd

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