Key Metrics 
Check Before You Invest 
10 Yrs X-Ray 
Profit & Loss 
Valuation 
Analyst Note 
Balance Sheet 
Cash Flow 
Financial Ratio 
Qtr. Results 
News 
About
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
₹297.10 -2.15 (-0.72%)
As on 23-Jul'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
₹297.10 -2.15 (-0.72%)
As on 23-Jul'26 16:59
Key Metrics
Valuation Multiples
Market Cap
₹3,264 Cr.
Current Price
₹297.1
52-Week Low / High
₹154 / 347
TTM EPS
₹8.9
TTM Sales
₹528 Cr.
Book Value per Share
₹54.1
P/E Ratio
33.59
In line with its 5-year historical median
Industry PE
54
Price to Book (P/B)
5.49
Higher than its 5-year historical median
Price to Sales (P/S)
6.18
Higher than its 5-year historical median
EV/EBITDA
21.58
Lower than its 5-year historical median
Dividend Yield
0.4%
Profitability Efficiency
Return on Equity (ROE)
17.59%
Outperforms industry median
Return on Capital Employed (ROCE)
23.80%
Outperforms industry median
Return on Assets (ROA)
13.12%
Operating Profit Margin
24.8%
Net Profit Margin
18.41%
Gross Profit Margin
28.1%
Growth Momentum
1-yr vs 3-yr growth
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
24.63%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
21.19%
Asset Quality
Promoter Holding
36.13%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹572 Cr.
Equity
₹22 Cr.
Face Value
₹2
All Time Low / High
₹0.48 / 352.50
Check Before You Invest
Quality
Very GoodValuation
OvervaluedCheck Valuation charts
Price Trend
Semi Strong
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?
Revenue growth of ADF Foods Ltd vs industry peers?
ADF Foods Ltd revenue CAGR is 19.73%, compared to the industry median CAGR of 7.03%, indicating faster growth and gaining its market share.
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.
Stock return of ADF Foods Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 31.5% 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 endData adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
What is a Financial Track Record? How to read this chart in order to understand the data present here?
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'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 11.6% | 15.5% | 21.4% | 18% | 18.6% | 17.9% | 21% | 24.3% | 22.2% | 23.8% | - |
| Value Creation Index ⓘ | -0.2 | 0.1 | 0.5 | 0.3 | 0.3 | 0.3 | 0.5 | 0.7 | 0.6 | 0.7 | - |
Growth Parameters ⓘ |
|||||||||||
| Sales ⓘ | 165 | 164 | 188 | 194 | 237 | 302 | 353 | 414 | 478 | 528 | 528 |
| Sales YoY Gr. | - | -1% | 14.6% | 3.7% | 21.7% | 27.6% | 17% | 17.2% | 15.5% | 10.4% | - |
| Adj EPS ⓘ | 1.1 | 1.5 | 3.2 | 2.7 | 3.6 | 3.7 | 5.2 | 7.2 | 7.2 | 8.4 | 8.9 |
| YoY Gr. | - | 32.4% | 114.3% | -14% | 33.6% | 1.4% | 41.1% | 38.8% | -0.6% | 17.1% | - |
| BVPS (₹) ⓘ | 18.6 | 19.6 | 21 | 23.1 | 26.9 | 32.4 | 38.7 | 41 | 46.5 | 54.1 | 54.1 |
| Adj Net Profit ⓘ | 11.8 | 15.6 | 31.6 | 27.1 | 36.3 | 38.4 | 56.9 | 79 | 78.6 | 92 | 97 |
| Cash Flow from Ops. ⓘ | 17.8 | 21.4 | 24.3 | 35.5 | 25.9 | 38.2 | 24.9 | 63 | 53.3 | 60.2 | - |
| Debt/CF from Ops. ⓘ | 0.3 | 0.1 | 0 | 0.7 | 0 | 0 | 0 | 0 | 0.2 | 0.2 | - |
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% | ||||
| BVPSⓘ | 12.6% | 15% | 11.8% | 16.4% | ||||
| Share Price | 31.2% | 11.1% | 11.1% | 10.4% | ||||
Key Financial Parameters ⓘ
| Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 6.1 | 7.7 | 15.1 | 12.3 | 14 | 12.1 | 14.7 | 18 | 16.3 | 16.6 | 16.4 |
| Op. Profit Mgn % ⓘ | 12.9 | 10.9 | 19.6 | 19.8 | 22 | 17.8 | 21.8 | 24.7 | 22 | 24.8 | 24.8 |
| Net Profit Mgn % ⓘ | 7.1 | 9.6 | 16.8 | 13.9 | 15.3 | 12.7 | 16.1 | 19.1 | 16.4 | 17.4 | 18.4 |
| Debt to Equity ⓘ | 0 | 0 | 0 | 0.1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Working Cap Days ⓘ | 196 | 184 | 174 | 178 | 170 | 191 | 231 | 249 | 232 | 250 | 103 |
| Cash Conv. Cycle ⓘ | 99 | 105 | 98 | 101 | 89 | 78 | 87 | 88 | 83 | 89 | 81 |
Profit And Loss
(All Figures are in Crores.)| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 165 | 164 | 187 | 194 | 237 | 302 | 353 | 414 | 478 | 528 |
| Operating Expenses ⓘ + | 144 | 146 | 152 | 156 | 185 | 249 | 277 | 312 | 373 | 397 |
| Operating Profit ⓘ | 21 | 18 | 35 | 38 | 52 | 53 | 77 | 102 | 105 | 131 |
| Operating Profit Margin (%) | 12.9% | 10.8% | 18.7% | 19.7% | 22.0% | 17.6% | 21.7% | 24.6% | 22.0% | 24.8% |
| Other Income ⓘ + | 6 | 19 | 14 | 9 | 4 | 9 | 10 | 11 | 10 | 19 |
| Interest ⓘ | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Depreciation ⓘ | 4 | 4 | 4 | 6 | 6 | 6 | 6 | 6 | 8 | 9 |
| Profit Before Tax ⓘ | 22 | 31 | 44 | 41 | 49 | 56 | 81 | 106 | 106 | 132 |
| Tax ⓘ | 8 | 9 | 14 | 9 | 13 | 15 | 21 | 26 | 26 | 35 |
| Profit After Tax | 14 | 22 | 30 | 31 | 37 | 41 | 60 | 80 | 80 | 97 |
| PAT Margin (%) | 8.7% | 13.6% | 16.3% | 16.2% | 15.5% | 13.7% | 17.0% | 19.2% | 16.8% | 18.4% |
| Adjusted EPS (₹) | 1.4 | 2.1 | 3.0 | 3.1 | 3.7 | 4.0 | 5.5 | 7.3 | 7.3 | 8.9 |
| Dividend Payout Ratio (%) | 36.90% | 0% | 0% | 19.10% | 16.40% | 20.20% | 18.30% | 71.70% | 16.40% | 13.60% |
Valuation of ADF Foods - Standalone
Analyst's Notes
No data found!
Balance Sheet
(All Figures are in Crores.)| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | |||||||||||
| Shareholders Fund + | 198 | 208 | 210 | 231 | 270 | 340 | 426 | 451 | 511 | 595 | |
| Debt + | 5 | 1 | 0 | 23 | 0 | 0 | 0 | 0 | 9 | 9 | |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Trade Payables | 9 | 11 | 11 | 14 | 18 | 22 | 16 | 26 | 31 | 51 | |
| Others Liabilities ⓘ | 17 | 21 | 16 | 19 | 45 | 92 | 119 | 155 | 98 | 177 | |
| Total Liabilities ⓘ | 228 | 241 | 238 | 287 | 333 | 454 | 561 | 632 | 649 | 832 | |
Fixed Assets | |||||||||||
| Net Fixed Assets ⓘ + | 70 | 70 | 69 | 77 | 77 | 81 | 96 | 103 | 115 | 190 | |
| CWIP ⓘ | 1 | 0 | 1 | 2 | 0 | 0 | 1 | 5 | 19 | 27 | |
| Investments ⓘ | 69 | 57 | 58 | 84 | 87 | 126 | 168 | 171 | 165 | 148 | |
| Inventories | 25 | 22 | 26 | 28 | 30 | 35 | 37 | 36 | 46 | 55 | |
| Trade Receivables | 31 | 40 | 42 | 44 | 54 | 61 | 89 | 98 | 116 | 156 | |
| Cash Equivalents | 9 | 28 | 16 | 27 | 45 | 54 | 42 | 42 | 54 | 41 | |
| Others Assets ⓘ | 23 | 24 | 25 | 25 | 39 | 96 | 129 | 176 | 135 | 215 | |
| Total Assets ⓘ | 228 | 241 | 238 | 287 | 333 | 454 | 561 | 632 | 649 | 832 | |
Cash Flow
(All Figures are in Crores.)| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ + | 18 | 21 | 24 | 36 | 26 | 38 | 25 | 63 | 53 | 60 |
| Cash Flow From Investing Activity ⓘ + | -5 | 6 | -5 | -52 | -8 | -46 | -57 | 8 | -49 | -38 |
| Cash Flow From Financing Activity ⓘ + | -12 | -11 | -32 | 14 | -7 | 18 | 18 | -56 | -13 | -16 |
| Net Cash Flow ⓘ | 1 | 17 | -13 | -3 | 10 | 10 | -14 | 15 | -9 | 6 |
Financial Ratio
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 7.43 | 10.97 | 14.58 | 14.27 | 14.66 | 13.62 | 15.69 | 18.19 | 16.68 | 17.59 |
| ROCE (%) | 11.57 | 15.49 | 21.35 | 18.01 | 18.58 | 17.87 | 21 | 24.31 | 22.17 | 23.8 |
| Asset Turnover Ratio | 0.7 | 0.7 | 0.78 | 0.74 | 0.76 | 0.77 | 0.7 | 0.69 | 0.75 | 0.71 |
| PAT to CFO Conversion(x) | 1.29 | 0.95 | 0.8 | 1.16 | 0.7 | 0.93 | 0.42 | 0.79 | 0.66 | 0.62 |
| Working Capital Days | ||||||||||
| Receivable Days | 68.60 | 79.30 | 79.80 | 80.90 | 75.70 | 69.60 | 77.30 | 82.40 | 81.70 | 94.10 |
| Inventory Days | 54.40 | 52.20 | 47 | 50.40 | 44.70 | 39.70 | 37.20 | 32.20 | 31.40 | 35 |
| Payable Days | 47.40 | 52 | 59.30 | 68.30 | 69 | 78.30 | 63.60 | 73.70 | 80.20 | 109.30 |
Management X-Ray
Shareholding Pattern
Promoter's Holding & Share Pledging
| Pledged * | 7.69 | 7.71 | 5.98 | 4.28 | 4.28 | 4.28 | 1.26 | 0.00 | 0.00 | 0.00 |
* Pledged shares as % of Promoter's holding (%)
Top 5 Mutual Funds Holding
Last Visited Stocks
Announcements
ADF Foods Ltd FAQs
The current trading price of ADF Foods on 23-Jul-2026 16:59 is ₹297.1.
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-Jul-2026 the market cap of ADF Foods stood at ₹3,264.1 Cr
The latest P/E ratio of ADF Foods as of 22-Jul-2026 is 33.59.
The latest P/B ratio of ADF Foods as of 22-Jul-2026 is 5.49.
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 ₹528 ( 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 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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