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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

₹317.45 11.05 (3.61%)

As on 02-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

₹317.45 11.05 (3.61%)

As on 02-Jul'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹3,488 Cr.
Current Price
₹317.5
52-Week Low / High
₹154 / 320
TTM EPS
₹8.9
TTM Sales
₹528 Cr.
Book Value per Share
₹54.1
P/E Ratio
35.89
In line with its 5-year historical median
Industry PE
57
Price to Book (P/B)
5.87
Higher than its 5-year historical median
Price to Sales (P/S)
6.61
Higher than its 5-year historical median
EV/EBITDA
23.07
In line with its 5-year historical median
Dividend Yield
0.38%
Profitability Efficiency
Return on Equity (ROE)
16.68%
Outperforms industry median
Return on Capital Employed (ROCE)
22.17%
Outperforms industry median
Return on Assets (ROA)
12.52%
Operating Profit Margin
22%
Net Profit Margin
16.76%
Gross Profit Margin
23.8%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
15.52%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
3.15%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
0.69%
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

ADF Foods stock performance

Key Ratios
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Quality

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Valuation

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Price Trend

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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 19.73%, compared to the industry median CAGR of 7.03%, 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 31.5% based on the current price.

10 Year X-Ray : Login to view analysis.

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'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 12.3%11.6%15.5%21.4%18%18.6%17.9%21%24.3%22.2%-
Value Creation
Index
-0.1-0.20.10.50.30.30.30.50.70.6-

Growth Parameters

Sales 161165164188194237302353414478528
Sales YoY Gr.-3%-1%14.6%3.7%21.7%27.6%17%17.2%15.5%-
Adj EPS 1.11.11.53.22.73.63.75.27.27.28.9
YoY Gr.--0.9%32.4%114.3%-14%33.6%1.4%41.1%38.8%-0.6%-
BVPS (₹) 17.218.619.62123.126.932.438.74146.554.1
Adj Net
Profit
12.311.815.631.627.136.338.456.97978.697
Cash Flow from Ops. 44.317.821.424.335.525.938.224.96353.3-
Debt/CF from Ops. 0.10.30.100.700000.2-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 12.9%19.7%16.6%15.5%
Adj EPS 22.9%21.4%24.9%-0.6%
BVPS11.7%15%12.8%13.3%
Share Price 33.1% 11.8% 12.3% 19%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
6.76.17.715.112.31412.114.71816.317.6
Op. Profit
Mgn %
17.212.910.919.619.82217.821.824.72224.8
Net Profit
Mgn %
7.77.19.616.813.915.312.716.119.116.418.4
Debt to
Equity
00000.1000000
Working Cap
Days
237196184174178170191231249232103
Cash Conv.
Cycle
1029910598101897887888381

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales161165164187194237302353414478
Operating Expenses + 133144146152156185249277312373
Manufacturing Costs262828313237425689103
Material Costs59687068668494111105130
Employee Cost 12141413151518202529
Other Costs 363533404448958993111
Operating Profit 2721183538525377102105
Operating Profit Margin (%) 16.9%12.9%10.8%18.7%19.7%22.0%17.6%21.7%24.6%22.0%
Other Income + 461914949101110
Exceptional Items 0000-000000
Interest 1111111111
Depreciation 8444666668
Profit Before Tax 2222314441495681106106
Tax 8891491315212626
Profit After Tax 14142230313741608080
PAT Margin (%) 8.8%8.7%13.6%16.3%16.2%15.5%13.7%17.0%19.2%16.8%
Adjusted EPS (₹)1.31.42.13.03.13.74.05.57.37.3
Dividend Payout Ratio (%)0%36.90%0%0%19.10%16.40%20.20%18.30%71.70%16.40%

Valuation of ADF Foods - Standalone

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!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 189198208210231270340426451511
Share Capital 22222220202021222222
Reserves 167176187190211250319403429489
Debt +65102300009
Long Term Debt0000000009
Short Term Debt54102300000
Minority Interest0000000000
Trade Payables991111141822162631
Others Liabilities 3917211619459211915598
Total Liabilities 242228241238287333454561632649

Fixed Assets

Net Fixed Assets +7070706977778196103115
Gross Block12974798195101110129142167
Accumulated Depreciation594912182328333953
CWIP 01012001519
Investments 666957588487126168171165
Inventories25252226283035373646
Trade Receivables313140424454618998116
Cash Equivalents 892816274554424254
Others Assets 43232425253996129176135
Total Assets 242228241238287333454561632649

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 44182124362638256353
PBT 2222314441495681106106
Adjustment 9345444006
Changes in Working Capital 221-6-114-15-8-36-19-35
Tax Paid -8-9-8-14-13-13-14-20-24-24
Cash Flow From Investing Activity + -40-56-5-52-8-46-578-49
Capex -1-5-5-4-10-3-10-18-13-40
Net Investments 028-1-31-6-20-3830-3
Others -39-33-0-111-16-1-9-6
Cash Flow From Financing Activity + -6-12-11-3214-71818-56-13
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing -000-123-230009
Interest Paid -0-1-1-1-1-1-1-1-0-1
Dividend Paid -30-60-60-6-9-55-20
Others -2-11-4-30-2172527-1-2
Net Cash Flow -2117-13-31010-1415-9

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)7.747.4310.9714.5814.2714.6613.6215.6918.1916.68
ROCE (%)12.3411.5715.4921.3518.0118.5817.872124.3122.17
Asset Turnover Ratio0.690.70.70.780.740.760.770.70.690.75
PAT to CFO Conversion(x)3.141.290.950.81.160.70.930.420.790.66
Working Capital Days
Receivable Days7068.6079.3079.8080.9075.7069.6077.3082.4081.70
Inventory Days54.7054.4052.204750.4044.7039.7037.2032.2031.40
Payable Days49.4047.405259.3068.306978.3063.6073.7080.20

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *7.477.697.715.984.284.284.281.260.000.00
* 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 02-Jul-2026 16:59 is ₹317.4.

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 01-Jul-2026 the market cap of ADF Foods stood at ₹3,487.6 Cr

The latest P/E ratio of ADF Foods as of 01-Jul-2026 is 35.89.

The latest P/B ratio of ADF Foods as of 01-Jul-2026 is 5.87.

The 52-week high of ADF Foods is ₹319.9 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 Strong which suggest that the price of ADF Foods Ltd is likely to Rise 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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MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

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