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ADF Foods Ltd. Stock Analysis

Small Cap
Evaluated by 950 users | BSE: 519183 | NSE: ADFFOODS |
Consumer Food
ADF Foods incorporated in 1992 as American Dry Fruits, is engaged in manufacturing, a wide range of canned, bottled and processed vegetables fruits and foods for the export and domestic markets. It was promoted by Hariram Mewawala Ramesh Thakkar and Kishore Thakkar.HistoryCompany started its...

Analysis of Financial Track Record

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.
Value Creation
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Capital Employed 14.5%8.82%8.84%7.09%5.66%6.92%6.25%7.96%15.31%12.07%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 111112130142149161165164188182
Y-o-Y Gr. Rt.-1%15.3%9.4%5.4%7.4%3%-1%14.6%-2.9%
Adjusted EPS (Rs.) 8.325.786.095.464.375.65.557.3715.7613.54
Y-o-Y Gr. Rt.--30.5%5.4%-10.3%-20%28.2%-0.9%32.8%113.8%-14.1%
Book Value per Share (Rs.) 60.4963.2270.5774.679.7485.9193.0698.13104.91115.35
Adjusted Net Profit 16.711.713.4129.612.311.815.631.627.1
Net Op. Cash Flow (Rs. Cr.) 22.48.2-0.222.6-344.317.821.424.337.9
Debt to Cash Flow from Ops 0.72.03-130.280.67-2.510.130.270.0700.61
Standalone financials take only the parent company into account while consolidated financials take into account financials of the parent company as well as of all its subsidiaries. In most companies consolidated financials should be used for analysis.
ADF Foods Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales 5.6%4%3.3%-2.9%
Adjusted EPS 5.6%25.4%34.6%-14.1%
Book Value per Share 7.47.77.410
Share Price 28.5% 37.3% 16.2% 54.3%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Equity (%) 14.589.259.357.55.646.746.087.6915.0712.28
Operating Profit Margin (%) 20.6619.0215.2816.613.8417.212.8610.8919.5614.36
Net Profit Margin (%) 14.9510.3810.348.476.437.677.119.5516.8314.89
Debt to Equity 0.130.130.160.090.040.030.020.0100.1
Working Capital Days 151190208224244237196184174190
Cash Conversion Cycle 851201211111031029910598110
Entity Percentage Holding
Promoters 33.05%
Institutions 3.04%
Non-Institutions 63.92%
Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)
Data is not available for this company.

The 5-year analysis of ADF Foods Ltd.'s performance infers:

ADF Foods Ltd. earnings have grown by 25.4%, whereas share price has appreciated 37.3% CAGR over the past five years, indicating the company's share price is likely overvalued. However, for specific investment actions please connect with your investment advisor.

We analysed the performance of ADF Foods Ltd. share prices over the last 10 years. Here is what we found out:

ADF Foods Ltd. share price has appreciated 23.3% annually over the past ten years.

ADF Foods incorporated in 1992 as American Dry Fruits, is engaged in manufacturing, a wide range of canned, bottled and processed vegetables fruits and foods for the export and domestic markets. It was promoted by Hariram Mewawala Ramesh Thakkar and Kishore Thakkar.

History

Company started its journey in the year 1932 by opening a retail store and also manufacturing limited product range. Company started expanding and exploring business opportunity in coming years. Much

ADF Foods incorporated in 1992 as American Dry Fruits, is engaged in manufacturing, a wide range of canned, bottled and processed vegetables fruits and foods for the export and domestic markets. It was promoted by Hariram Mewawala Ramesh Thakkar and Kishore Thakkar.

History

Company started its journey in the year 1932 by opening a retail store and also manufacturing limited product range. Company started expanding and exploring business opportunity in coming years. Much later on March 1992 the company was incorporated as public limited company. Today the company procures natural ingredients, manufactures, distributes and markets Indian Foods.

Currently, the company manufactures and processes a wide range of canned, bottled and processed vegetables fruits and foods for the export and domestic markets with a manufacturing capacity of 12,600 tpa. Company has several tie-ups in UK, US, Middle East, Australia, Canada and Asia, to ensure extensive distribution of products.

Company is strengthening its research and development department to develop new products and processes.  Company is continuously evolving upgradation and development of existing recipes.

Company has received ISO9001:2002 from Hazard Analysis and Critical Control Point (HACCP) for its quality management. Company operates wholly owned subsidiaries ADF Foods UK and Power Brand (Foods).

Products

The products of the company include pickles, chutneys, frozen vegetables, pastes, mango products, frozen entrees, instant mix, frozen wraps, flavoured water, tamarind products, ready meals and poppadum. New launch- During the fiscal year ended March 31, 2008 (fiscal 2008), the Company completed the launching of khansaamaf.The products of the company are sold under Ashoka, Aeroplane, Camel and Truly Indian brands.

Awards

ADF Foods won award under the Best FMCG (Fast Moving Consumer Goods) Company in the Agri Business Sector (SME) at The DHL CNBC TV18 International Trade Awards 2008-09.

Company won ‘Best Overall Exporter of the Year Award’ under Small Medium Enterprise (SME) sector for the year 2008-09

Future plan

ADF Foods R&D unit is engaged in developing new products and processes under ready-to eat segment. Due to this company will continuously launch new products to widen its product portfolio.

Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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