The 5-year analysis of ADF Foods Ltd's performance infers:
We analysed the performance of ADF Foods Ltd share prices over the last 10 years. Here is what we found out:
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.
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
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).
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.
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 â€˜Best Overall Exporter of the Year Awardâ€™ under Small Medium Enterprise (SME) sector for the year 2008-09
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.