ADF Foods Ltd - Stock Valuation and Financial Performance

BSE: 519183 | NSE: ADFFOODS | Consumer Food | Small Cap

ADF Foods Share Price

295 -11.50 -3.75%
as on 04-Nov'24 15:33

DeciZen - make an informed investing decision on ADF Foods

Overall Rating
Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

ADF Foods stock performance -

mw4me loader
P/E Ratio (SA):
39.85
Market Cap:
3,349.7 Cr.
52-wk low:
178.6
52-wk high:
324.8

Is ADF Foods Ltd an attractive stock to invest in?

1. Is ADF Foods Ltd a good quality company?

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

2. Is ADF Foods Ltd undervalued or overvalued?

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

3. Is ADF Foods Ltd a good buy now?

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

10 Year X-Ray of ADF Foods:

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

Value Creation Index Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
ROCE % 12%12.3%11.6%15.5%21.4%18%18.6%17.9%21%24.3%-
Value Creation
Index
-0.2-0.1-0.20.10.50.30.30.30.50.7-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 149161165164188194237302353414455
Sales YoY Gr.-7.4%3%-1%14.6%3.7%21.7%27.6%17%17.2%-
Adj EPS 0.91.11.11.53.22.73.63.75.27.27.7
YoY Gr.-28.7%-0.9%32.4%114.3%-14%33.6%1.4%41.1%38.8%-
BVPS (₹) 1617.218.619.62123.126.932.438.74143.3
Adj Net
Profit
9.612.311.815.631.627.136.338.456.97984
Cash Flow from Ops. -344.317.821.424.335.525.938.224.963-
Debt/CF from Ops. -2.50.10.30.100.70000-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 12%17.2%20.5%17.2%
Adj EPS 26.5%18%25.7%38.8%
BVPS11.1%14.3%15.1%5.9%
Share Price 35.3% 36.8% 19.8% 29.9%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
5.66.76.17.715.112.31412.114.71818.2
Op. Profit
Mgn %
13.817.212.910.919.619.82217.821.824.723.9
Net Profit
Mgn %
6.47.77.19.616.813.915.312.716.119.118.5
Debt to
Equity
000000.100000
Working Cap
Days
244237196184174178170191231249107
Cash Conv.
Cycle
10310299105981018978879192

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 18.20%

Sales growth is growing at healthy rate in last 3 years 20.51%

Net Profit is growing at healthy rate in last 3 years 25.70%

Sales growth is good in last 4 quarters at 19.64%

No data to display

Latest Financials - ADF Foods Ltd.

Standalone Consolidated
TTM EPS (₹) 7.7 7.3
TTM Sales (₹ Cr.) 455 566
BVPS (₹.) 43.3 42.1
Reserves (₹ Cr.) 453 441
P/BV 7.05 7.24
PE 39.85 41.90
From the Market
52 Week Low / High (₹) 178.55 / 324.75
All Time Low / High (₹) 0.48 / 324.75
Market Cap (₹ Cr.) 3,350
Equity (₹ Cr.) 22
Face Value (₹) 2
Industry PE 66.1

Management X-Ray of ADF Foods:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *12.7512.7512.7513.0913.097.977.477.697.715.98
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of ADF Foods

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Sales149161165164187194237302353414
Operating Expenses 129133144146152156185249277312
Manufacturing Costs27262828313237425664
Material Costs5659687068668494111129
Employee Cost 12121414131515182025
Other Costs 35363533404448958993
Operating Profit 202721183538525377102
Operating Profit Margin (%) 13.6%16.9%12.9%10.8%18.7%19.7%22.0%17.6%21.7%24.6%
Other Income 74619149491011
Interest 1111111111
Depreciation 7844466666
Exceptional Items 2000000000
Profit Before Tax 212222314441495681106
Tax 688914913152126
Profit After Tax 15141422303137416080
PAT Margin (%) 9.8%8.8%8.7%13.6%16.3%16.2%15.5%13.7%17.0%19.2%
Adjusted EPS (₹)1.31.31.42.13.03.13.74.05.57.3
Dividend Payout Ratio (%)23%0%37%0%0%19%16%20%18%72%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24

Equity and Liabilities

Shareholders Fund 176189198208210231270340426451
Share Capital 22222222202020212222
Reserves 153167176187190211250319403429
Minority Interest0000000000
Debt76510230000
Long Term Debt0000000000
Short Term Debt75410230000
Trade Payables79911111418221621
Others Liabilities 3439172116194592119160
Total Liabilities 224242228241238287333454561632

Fixed Assets

Gross Block12812974798195101110129142
Accumulated Depreciation525949121823283339
Net Fixed Assets767070706977778196103
CWIP 2010120015
Investments 26666957588487126168171
Inventories24252522262830353736
Trade Receivables31313140424454618998
Cash Equivalents 108928162745544242
Others Assets5643232425253996129176
Total Assets 224242228241238287333454561632

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity -3441821243626382563
PBT 212222314441495681106
Adjustment 6934544400
Changes in Working Capital -24221-6-114-15-8-36-19
Tax Paid -5-8-9-8-14-13-13-14-20-24
Cash Flow From Investing Activity 18-40-56-5-52-8-46-578
Capex -11-1-5-5-4-10-3-10-18-13
Net Investments 13028-1-31-6-20-3830
Others 16-39-330-111-16-1-9
Cash Flow From Financing Activity -13-6-12-11-3214-71818-56
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0000-123-23000
Interest Paid -10-1-1-1-1-1-1-10
Dividend Paid -3-30-60-60-6-9-55
Others -9-2-11-4-30-2172527-1
Net Cash Flow 2-2117-13-31010-1415
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)8.67.747.4310.9714.5814.2714.6613.6215.6918.19
ROCE (%)11.9612.3411.5715.4921.3518.0118.5817.872124.31
Asset Turnover Ratio0.680.690.70.70.780.740.760.770.70.69
PAT to CFO Conversion(x)-0.23.141.290.950.81.160.70.930.420.79
Working Capital Days
Receivable Days72706979808176707782
Inventory Days56555452475045403732
Payable Days53494752596869786453

ADF Foods Ltd Stock News

ADF Foods Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of ADF Foods on 04-Nov-2024 15:33 is ₹295.0.
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 04-Nov-2024 15:33 the market cap of ADF Foods stood at ₹3,349.7.
The latest P/E ratio of ADF Foods as of 04-Nov-2024 15:33 is 39.85.
The latest P/B ratio of ADF Foods as of 04-Nov-2024 15:33 is 7.05.
The 52-week high of ADF Foods is ₹324.8 and the 52-week low is ₹178.6.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of ADF Foods is ₹454.9 ( Cr.) .

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.

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