ADF Foods Ltd - Stock Valuation and Financial Performance

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

ADF Foods Share Price

185.25 -0.45 -0.24%
as on 28-Mar'24 16:01

DeciZen - make an informed investing decision on ADF Foods

Overall Rating
Bole Toh

1. Quality

2. Valuation

Somewhat overvalued

3. Price Trend

ADF Foods stock performance -

mw4me loader
P/E Ratio (SA):
27.22
Market Cap:
2,031.9 Cr.
52-wk low:
133.4
52-wk high:
262.5

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 average 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 Somewhat overvalued zone.

3. Is ADF Foods Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of ADF Foods Ltd is likely to Fall 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 some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 7.1%5.7%6.9%6.3%8%15.3%12.1%13.7%12.2%14.8%-
Value Creation
Index
-0.5-0.6-0.5-0.6-0.40.1-0.10.0-0.10.1-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 142149161165164188194237302353383
Sales YoY Gr.-5.4%7.4%3%-1%14.6%3.7%21.7%27.6%17%-
Adj EPS 1.10.91.11.11.53.22.73.63.75.26.8
YoY Gr.--20.2%28.7%-0.9%32.4%114.3%-14%33.6%1.4%41.1%-
BVPS (₹) 14.91617.218.619.62123.126.932.438.742.8
Adj Net
Profit
129.612.311.815.631.627.136.338.456.975
Cash Flow from Ops. 22.6-344.317.821.424.335.525.938.224.9-
Debt/CF from Ops. 0.7-2.50.10.30.100.7000-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 10.7%16.6%22%17%
Adj EPS 18.9%28.7%24.1%41.1%
BVPS11.2%14.6%18.8%19.4%
Share Price 35.5% 30.9% 1.8% 36.8%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
7.55.66.76.17.715.112.31412.114.716.7
Op. Profit
Mgn %
16.613.817.212.910.919.619.82217.821.825.7
Net Profit
Mgn %
8.56.47.77.19.616.813.915.312.716.119.5
Debt to
Equity
0.1000000.1000-
Working Cap
Days
224244237196184174178170191231132
Cash Conv.
Cycle
1111031029910598101897887118

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 16.70%

Sales growth is growing at healthy rate in last 3 years 22.02%

Net Profit is growing at healthy rate in last 3 years 24.10%

Sales growth is good in last 4 quarters at 14.21%

No data to display

Latest Financials - ADF Foods Ltd.

Standalone Consolidated
TTM EPS (₹) 6.8 6
TTM Sales (₹ Cr.) 383 490
BVPS (₹.) 42.8 41.8
Reserves (₹ Cr.) 448 437
P/BV 4.33 4.43
PE 27.22 30.90
From the Market
52 Week Low / High (₹) 133.39 / 262.45
All Time Low / High (₹) 0.48 / 262.45
Market Cap (₹ Cr.) 2,032
Equity (₹ Cr.) 22
Face Value (₹) 2
Industry PE 65.3

Management X-Ray of ADF Foods:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.0012.7512.7512.7513.0913.097.977.47
* 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'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales142149161165164187194237302353
Operating Expenses 119129133144146152156185249277
Manufacturing Costs26272628283132374256
Material Costs455659687068668494111
Employee Cost 11121214141315151820
Other Costs 37353635334044489589
Operating Profit 22202721183538525377
Operating Profit Margin (%) 15.8%13.6%16.9%12.9%10.8%18.7%19.7%22.0%17.6%21.7%
Other Income 4746191494910
Interest 1111111111
Depreciation 7784446666
Exceptional Items 0200000000
Profit Before Tax 18212222314441495681
Tax 66889149131521
Profit After Tax 12151414223031374160
PAT Margin (%) 8.8%9.8%8.8%8.7%13.6%16.3%16.2%15.5%13.7%17.0%
Adjusted EPS (₹)1.11.31.31.42.13.03.13.74.05.5
Dividend Payout Ratio (%)27%23%0%37%0%0%19%16%20%18%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 164176189198208210231270340426
Share Capital 22222222222020202122
Reserves 142153167176187190211250319403
Minority Interest0000000000
Debt157651023000
Long Term Debt0000000000
Short Term Debt157541023000
Trade Payables9799111114182216
Others Liabilities 273439172116194592119
Total Liabilities 215224242228241238287333454561

Fixed Assets

Gross Block11112812974798195101110129
Accumulated Depreciation455259491218232833
Net Fixed Assets67767070706977778196
CWIP 9201012001
Investments 3826666957588487126168
Inventories22242525222628303537
Trade Receivables28313131404244546189
Cash Equivalents 121089281627455442
Others Assets395643232425253996129
Total Assets 215224242228241238287333454561

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 23-34418212436263825
PBT 18212222314441495681
Adjustment 6693454440
Changes in Working Capital 4-24221-6-114-15-8-36
Tax Paid -5-5-8-9-8-14-13-13-14-20
Cash Flow From Investing Activity -418-40-56-5-52-8-46-57
Capex -11-11-1-5-5-4-10-3-10-18
Net Investments 013028-1-31-6-20-38
Others 716-39-330-111-16-1
Cash Flow From Financing Activity -15-13-6-12-11-3214-71818
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 00000-123-2300
Interest Paid -1-10-1-1-1-1-1-1-1
Dividend Paid -3-3-30-60-60-6-9
Others -11-9-2-11-4-30-2172527
Net Cash Flow 42-2117-13-31010-14
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)7.88.67.747.4310.9714.5814.2714.6613.6215.69
ROCE (%)10.611.9612.3411.5715.4921.3518.0118.5817.8721
Asset Turnover Ratio0.690.680.690.70.70.780.740.760.770.7
PAT to CFO Conversion(x)1.92-0.23.141.290.950.81.160.70.930.42
Working Capital Days
Receivable Days78727069798081767077
Inventory Days54565554524750454037
Payable Days56534947525968697864

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 28-Mar-2024 16:01 is ₹185.2.
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 28-Mar-2024 16:01 the market cap of ADF Foods stood at ₹2,031.9.
The latest P/E ratio of ADF Foods as of 28-Mar-2024 16:01 is 27.22.
The latest P/B ratio of ADF Foods as of 28-Mar-2024 16:01 is 4.33.
The 52-week high of ADF Foods is ₹262.4 and the 52-week low is ₹133.4.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of ADF Foods is ₹383.4 ( 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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