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ADF Foods Ltd (ADFFOODS)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 519183 NSE: ADFFOODS Consumer Food | Small Cap | ADF Foods Share Price

₹267.90 4.25 (1.61%)

As on 23-Sep'26 16:59

ADF Foods Ltd (ADFFOODS)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 519183 NSE: ADFFOODS Consumer Food | Small Cap | ADF Foods Share Price

₹267.90 4.25 (1.61%)

As on 23-Sep'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹2,943 Cr.
Current Price
₹267.9
52-Week Low / High
₹154 / 347
TTM EPS
₹8.4
TTM Sales
₹718 Cr.
Book Value per Share
₹53.6
P/E Ratio
32.00
Lower than its 5-year historical median
Industry PE
52.1
Price to Book (P/B)
5.00
In line with its 5-year historical median
Price to Sales (P/S)
4.10
Lower than its 5-year historical median
EV/EBITDA
18.59
Lower than its 5-year historical median
Dividend Yield
0.45%
Profitability Efficiency
Return on Equity (ROE)
16.91%
Outperforms industry median
Return on Capital Employed (ROCE)
22.70%
Outperforms industry median
Return on Assets (ROA)
13.24%
Operating Profit Margin
19.1%
Net Profit Margin
13.16%
Gross Profit Margin
21.7%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
10.35%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
32.84%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
29.83%
Asset Quality
Promoter Holding
36.13%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹567 Cr.
Equity
₹22 Cr.
Face Value
₹2
All Time Low / High
₹0.48 / 352.50

ADF Foods stock performance

Key Ratios
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Valuation

Somewhat Overvalued

Price Trend

Semi Strong
Q.1 Is ADF Foods Ltd a good quality company?
ADF Foods Ltd is a good quality company, based on a consistently good multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does ADF Foods Ltd performance compare with that of its Peers?
Q.1 Revenue growth of ADF Foods Ltd vs industry peers?
ADF Foods Ltd revenue CAGR is 13.06%, compared to the industry median CAGR of 0.00%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of ADF Foods Ltd?
Promoters hold 36.13% of the ADF Foods Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of ADF Foods Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 26.4% based on the current price.

10 Year X-Ray :

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
ADF Foods Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good

Value Creation

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
ROCE % 11.6%15.5%21.4%18%18.6%17.9%21%24.3%22.2%23.8%-
Value Creation
Index
-0.20.10.50.30.30.30.50.70.60.7-

Growth Parameters

Sales 165164188194237302353414478528549
Sales YoY Gr.--1%14.6%3.7%21.7%27.6%17%17.2%15.5%10.4%-
Adj EPS 1.11.53.22.73.63.75.27.27.28.49
YoY Gr.-32.4%114.3%-14%33.6%1.4%41.1%38.8%-0.6%17.1%-
BVPS (₹) 18.619.62123.126.932.438.74146.554.155.8
Adj Net
Profit
11.815.631.627.136.338.456.97978.69298
Cash Flow from Ops. 17.821.424.335.525.938.224.96353.360.2-
Debt/CF from Ops. 0.30.100.700000.20.2-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 13.8%17.4%14.3%10.4%
Adj EPS 25.2%18.3%17.4%17.1%
BVPS12.6%15%11.8%16.4%
Share Price 26.7% 8% 6.6% 19%

Key Financial Parameters

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
Return on
Equity %
6.17.715.112.31412.114.71816.316.616.3
Op. Profit
Mgn %
12.910.919.619.82217.821.824.72224.824.8
Net Profit
Mgn %
7.19.616.813.915.312.716.119.116.417.417.9
Debt to
Equity
0000.1000000-
Working Cap
Days
196184174178170191231249232250103
Cash Conv.
Cycle
991059810189788788838981

Valuation of ADF Foods - Consolidated

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *7.697.715.984.284.284.281.260.000.000.00
* Pledged shares as % of Promoter's holding (%)

Financials

PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Sales201201231285370421450520590683
Operating Expenses + 179182203232302355370415491553
Manufacturing Costs2828313238435790107114
Material Costs879296126186178174174199224
Employee Cost 17161618182430344250
Other Costs 4745595760110109118144165
Operating Profit 2119295368678110598131
Operating Profit Margin (%) 10.6%9.5%12.5%18.5%18.5%15.8%17.9%20.2%16.7%19.1%
Other Income + 7191496911111420
Exceptional Items 000-000000-7
Interest 1111123233
Depreciation 54466914161821
Profit Before Tax 233238556765759892120
Tax 8141212171720242230
Profit After Tax 15182543504956746990
PAT Margin (%) 7.3%9.0%11.0%15.0%13.5%11.5%12.4%14.2%11.8%13.2%
Adjusted EPS (₹)1.41.72.54.35.04.65.16.96.38.2
Dividend Payout Ratio (%)36.30%0%0%14%12%17.40%19.60%75.90%19%14.70%
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26

Equity and Liabilities

Shareholders Fund + 167174172204256334419441493572
Share Capital 21.5821.5820.4020.4020.4021.3422.3522.3522.3522.35
Reserves 145153151184235313397419470550
Debt +510230160099
Long Term Debt00000110097
Short Term Debt41023050001
Minority Interest0000032100
Trade Payables10141421353222304570
Others Liabilities 6148154684761277290
Total Liabilities 188203194264336468520599618740

Fixed Assets

Net Fixed Assets +8180797777160175182186258
Gross Block869194109115206234257279376
Accumulated Depreciation51115323746597593118
CWIP 101200751927
Investments 80018173980776115
Inventories252435557376635390119
Trade Receivables34434453657194108117144
Cash Equivalents 14321837657863686672
Others Assets 2525162240433810680105
Total Assets 188203194264336468520599618740
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Cash Flow From Operating Activity + 17242031363451703758
PBT 233238556765759892120
Adjustment 45134471191910
Changes in Working Capital -2-5-17-15-22-23-15-13-48-38
Tax Paid -9-8-14-13-13-14-21-24-25-34
Cash Flow From Investing Activity + -13-4-40-8-54-6316-40-11
Capex -3-5-4-10-3-34-27-15-41-82
Net Investments 28-1-31-6-20-3830169
Others 0011111212
Cash Flow From Financing Activity + -12-11-3214-733-5-63-21-24
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0000000090
Interest Paid -1-1-1-1-1-1-1-0-1-1
Dividend Paid 0-60-60-6-9-55-20-13
Others -11-4-3121-6405-8-9-10
Net Cash Flow 416-1752013-1723-2322
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Ratios
ROE (%)8.9810.6114.6722.7821.7916.4814.8517.1714.8516.91
ROCE (%)14.0819.122.2128.227.0921.1820.0923.3419.9822.7
Asset Turnover Ratio1.031.031.171.251.231.050.910.930.971.01
PAT to CFO Conversion(x)1.131.330.80.720.720.690.910.950.540.64
Working Capital Days
Receivable Days63.9069.8068.5062.1058.3058.906771.1069.9069.70
Inventory Days45.2044.1045.9057.106364.6056.5040.7044.2055.90
Payable Days44.1048.3052.3050.80556856.5054.906993.60

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ADF Foods Ltd FAQs

The current trading price of ADF Foods on 23-Sep-2026 16:59 is ₹267.9.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 22-Sep-2026 the market cap of ADF Foods stood at ₹2,943.3 Cr

The latest P/E ratio of ADF Foods as of 22-Sep-2026 is 29.89.

The latest P/B ratio of ADF Foods as of 22-Sep-2026 is 4.80.

The 52-week high of ADF Foods is ₹346.9 and the 52-week low is ₹153.7.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of ADF Foods is ₹549 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that ADF Foods Ltd is a good quality company.

The key valuation ratios of ADF Foods Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of ADF Foods Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

About ADF Foods Ltd

ADF Foods Limited started small, as most companies do, selling specialty dried fruits out of a small retail outlet in the Fountain located at Mumbai in the 1930s. Over the next 9 decades, the company built sophisticated manufacturing units and distribution networks, expanded into dozens of categories, launched different brands, and are now one of the biggest food processing companies globally.

The company’s wide range of ethnic foods, include Indian, Middle Eastern, Mediterranean and other global cuisines. Its products are suited to, and serve, a vast number of geographies. It reaches out to consumers everywhere with its unparalleled network of distributors spread across various countries. From masala pastes to meatless meatballs; parathas to pickles, the company is passionate about feeding the world, and have something for everyone. A USA subsidiary that deals in Mexican & plant based foods, agency distribution etc.

Business area of the company

It is a leading global food manufacturing company and distributor with a presence in many countries. The company’s product offerings include delicious sauces, pickles, chutneys, pastes, ready-to-cook, ready-to-eat products and frozen foods for consumers around the world. Taste, ease and quality are at the heart of what it does at ADF Foods. Its corporate interests include a core manufacturing and export business, an agency distribution network and domestic business.

Brands

  • Aeroplane
  • Ashoka
  • Camel
  • Nate’s
  • PJ Organics
  • Truly Indian
  • Soul
  • Khansaama
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