ADF Foods Limited
NSE: ADFFOODSPackaged Foods
Share price
₹289.70
+0.49% close of 9 Oct 2026
Price-based ratios (P/B, dividend yield, EV/EBITDA) are as of 7 Oct 2026, the close above is 9 Oct 2026.
Business score
How strong the business is, in one number. The parts behind it are in Pro.
77
out of 100 · worked out 9 Oct 2026
Your ratios
The numbers you want to see first. Tap Edit to change them.
Market cap
₹3,187 Cr
P/E ratio
32.9
P/B ratio
5.6
ROCE
21.8%
ROE
17.7%
Dividend yield
0.4%
Price & valuation chart
How the share price and its valuation have moved. Hover over the chart to see any day. Prices as of the last close.
Answers
Simple answers to the questions investors ask most, from the company's own numbers.
How fast it has been growing
Sales grew 19.4% over the past year, and 10.9% a year over its longer record. Meanwhile what it keeps of every 100 rupees of sales improved from 14.4% to 19.1% over the last four years.
Whether it grew faster than its sector
It grew 10.9% a year against a sector median of 9.9% — 1.0 percentage points faster.
Room to re-rate, or risk of de-rating
At 32.9× earnings against a market that pays 24.1× across 2199 companies we can price. Its own industry sits at 45.2×, across 5 companies. It is against its own five-year median of 34.0×, the 37th percentile of its own range.
Whether growth justifies the valuation
Priced at 1.6 times its growth rate, on earnings growth of 20%.
| Profit growth | Price per ₹1 profit | Per 1% growth | |
|---|---|---|---|
| ADF Foods Limited — this one | 20%/yr | 32.9× | ₹1.6 |
| Nestle India | — | 69.4× | — |
| Britannia Industries | 8%/yr | 44.5× | ₹5.6 |
| Zydus Wellness Limited | -10%/yr | 71.1× | — |
| Bikaji Foods International Limited | 24%/yr | 45.2× | ₹1.9 |
| The Bombay Burmah Trading Corporation Limited | 31%/yr | 6.9× | ₹0.22 |
Compared with companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.
How it compares with its peers
Against companies the exchange files under the same label (Packaged Foods), it ranks 5 of 20 on returns, 9 of 20 on growth, 2 of 20 on margin. That grouping comes from the exchange's filing category, so some of them may not be real rivals.
What makes it hard to beat — and is that still true?
A wide advantage: it earns 21.8% on capital, ahead of 75% of companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.
Whether its growth pays for itself
Yes — Over the last five years it made ₹250 crore of cash from the business, spent ₹199 crore on plant and equipment, and returned ₹80 crore to lenders and shareholders. And the profit is real: of every 100 rupees it reported over 12 years, about 79 arrived as cash. Its cash comes back more slowly than it used to: it went from being waiting 110 days for its cash to waiting 128 days for its cash.
Profit reality check
Is the profit real cash? Simple checks on the accounts. Facts only, not advice.
9 of 10 checks clear · 90%
Latest result · Q1 FY27
What the last results showed. Whether management kept its word is in Pro.
Sales up 26% but the full-year goal was trimmed to "upwards of Rs 900 crore"
Announced 29 Jul 2026 · Consolidated
Revenue
₹167 Cr
Revenue vs last year
+25.8%
Revenue vs last quarter
-15.1%
Net profit
₹17 Cr
Profit vs last year
+15.2%
Profit vs last quarter
-33.5%
Net margin
10.3%
EPS
₹1.57
Earnings call transcript · 30 Jul 2026
Checklist before you investPRO
Points for and against, in one list.
Key numbers & peers
The main numbers grouped by topic, and how the company compares with similar ones.
Price
- Market cap
- ₹3,187 Cr
- Prev close
- ₹289.70
- 52w High
- ₹347
- 52w Low
- ₹153
- Enterprise value
- ₹3,155 Cr
- Beta
- 1.2
- Price CAGR 1y
- 36.0%
- Price CAGR 3y
- 11.0%
- Price CAGR 5y
- 10.0%
- Price CAGR 10y
- 27.0%
Ratios
- Return on assets
- 12.1%
- PEG ratio
- 1.6
- P/E ratio
- 32.9
- P/B ratio
- 5.6
- EV / EBITDA
- 23.0
- Industry P/E
- 43.5
- ROCE
- 21.8%
- ROCE 5y average
- 19.0%
- ROE
- 17.7%
- Debt / Equity
- 0.1
- Interest coverage
- 41.0
- Dividend yield
- 0.4%
- ROE 3y average
- 16.0%
- ROE last year
- 18.0%
Annual P&L
- Annual revenue
- ₹683 Cr
- Annual profit
- ₹90 Cr
- Operating margin
- 19.0%
- Net profit margin
- 13.2%
- EBITDA margin
- 19.2%
- Sales growth 3y
- 14.9%
- Sales growth 5y
- 13.0%
- Profit growth 3y
- 20.0%
- Profit growth 5y
- 14.0%
- EPS
- ₹8.2
- Sales growth TTM
- 19.0%
- Profit growth TTM
- 38.0%
- Dividend payout
- 15.0%
Quarter P&L
- Sales latest quarter
- ₹167 Cr
- Profit latest quarter
- ₹17 Cr
- YoY quarterly sales growth
- 25.9%
- YoY quarterly profit growth
- 13.3%
- OPM latest quarter
- 17.7%
Balance Sheet
- Book Value
- ₹52.0
- Face Value
- ₹2.0
- Total debt
- ₹55 Cr
- Total cash
- ₹72 Cr
- Borrowings
- ₹55 Cr
- Reserves / Equity
- 25.0
Cash Flow
- Operating cash flow
- ₹58 Cr
- Free cash flow
- -₹25 Cr
- FCF yield
- -0.9%
- Net cash flow
- ₹29 Cr
Shareholding
- Promoter holding
- 36.1%
- FII holding
- 11.6%
- DII holding
- 21.3%
- Public holding
- 31.0%
Peer comparison
| Company | Price ₹ | P/E | Mkt cap ₹ Cr | Div yield % | Profit qtr ₹ Cr | Profit var % | Sales qtr ₹ Cr | Sales var % | ROCE % |
|---|---|---|---|---|---|---|---|---|---|
| Nestle India | 1,324.00 | 68.3 | 2,56,456 | 0.91 | 975.1 | 48.6 | 6,378.2 | 25.2 | 84.1 |
| Britannia Inds. | 4,780.00 | 44.2 | 1,15,107 | 1.89 | 593.4 | 13.6 | 5,000.0 | 8.2 | 56.0 |
| Zydus Wellness | 507.55 | 72.7 | 16,097 | 0.24 | 118.9 | -7.0 | 1,437.0 | 66.9 | 4.9 |
| Bikaji Foods | 483.55 | 43.7 | 12,133 | 0.26 | 64.6 | 2.2 | 678.2 | 8.7 | 22.0 |
| The Bombay Burmah | 1,269.40 | 7.1 | 8,845 | 1.34 | 582.7 | 17.5 | 5,088.7 | 8.0 | 33.0 |
| Mrs Bectors | 211.07 | 50.1 | 6,477 | 0.62 | 35.3 | 41.8 | 507.1 | 15.7 | 12.9 |
| ADF Foods | 291.70 | 33.2 | 3,210 | 0.41 | 17.3 | 13.4 | 167.3 | 25.9 | 21.8 |
| Median | 250.20 | 44.2 | 722 | 0.04 | 9.3 | 23.0 | 139.8 | 15.7 | 14.0 |
Competes with: Annapurna Swadisht Limited, Bikaji Foods International Limited, Britannia Industries, Dangee Dums Limited, Euro India Fresh Foods Limited, Foods & Inns Limited, Ganesh Consumer Products Limited, Gopal Snacks Limited, Hexagon Nutrition Limited, Mrs. Bectors Food Specialities Limited, Nakoda Group of Industries Limited, Nestle India, Palash Securities Limited, Prataap Snacks Limited, Sundrop Brands Limited, Tasty Bite Eatables Limited, The Bombay Burmah Trading Corporation Limited, Zydus Wellness Limited
Quarterly results
Sales and profit for each of the last 13 quarters. Newest on the right. ₹ crore.
| Line item | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 112 | 125 | 130 | 154 | 122 | 161 | 147 | 159 | 133 | 163 | 191 | 197 | 167 |
| Expenses | 90 | 103 | 103 | 119 | 102 | 134 | 121 | 134 | 109 | 127 | 154 | 162 | 138 |
| Material Cost | 48 | 45 | 44 | 46 | 52 | 42 | |||||||
| Change in Inventories | -9.49 | -8.37 | -9.11 | -10 | -2.60 | 5.16 | |||||||
| Purchases of Stock-in-Trade | 29 | 17 | 22 | 45 | 31 | 15 | |||||||
| Employee Cost | 10 | 12 | 13 | 14 | 11 | 15 | |||||||
| Other Expenses | 57 | 44 | 56 | 59 | 71 | 59 | |||||||
| Operating Profit | 22 | 22 | 27 | 34 | 20 | 28 | 26 | 25 | 24 | 36 | 37 | 34 | 30 |
| OPM % | 20 | 17 | 21 | 22 | 16 | 17 | 18 | 16 | 18 | 22 | 19 | 17 | 18 |
| Other Income | 2 | 3 | 4 | 2 | 5 | 4 | 4 | 2 | 3 | 6 | -4 | 9 | 1 |
| Exceptional items (within Other Income) | 0 | 0 | 0 | -6.83 | 0 | 0 | |||||||
| Interest | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Depreciation | 4 | 4 | 4 | 4 | 4 | 5 | 5 | 5 | 5 | 5 | 5 | 6 | 7 |
| Profit before tax | 20 | 21 | 26 | 31 | 20 | 26 | 25 | 21 | 21 | 36 | 27 | 36 | 23 |
| Tax % | 27 | 27 | 27 | 19 | 26 | 25 | 25 | 21 | 28 | 26 | 17 | 29 | 26 |
| Net Profit | 15 | 15 | 19 | 25 | 14 | 20 | 19 | 16 | 15 | 26 | 22 | 26 | 17 |
| EPS in Rs | 1.37 | 1.37 | 1.76 | 2.35 | 1.37 | 1.79 | 1.71 | 1.50 | 1.39 | 2.40 | 2.04 | 2.36 | 1.57 |
| Diluted EPS in Rs | 1.50 | 1.39 | 2.40 | 2.04 | 2.36 | 1.57 |
Profit & loss
Yearly sales, costs and profit for 12 years, plus the last 12 months (TTM). ₹ crore.
| Line item | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 204 | 210 | 201 | 201 | 231 | 285 | 370 | 421 | 450 | 520 | 590 | 683 | 718 |
| Expenses | 188 | 190 | 179 | 182 | 202 | 232 | 302 | 354 | 369 | 415 | 491 | 552 | 581 |
| Material Cost | 184 | 188 | |||||||||||
| Change in Inventories | -35 | -30 | |||||||||||
| Purchases of Stock-in-Trade | 99 | 115 | |||||||||||
| Employee Cost | 42 | 50 | |||||||||||
| Other Expenses | 201 | 230 | |||||||||||
| Operating Profit | 16 | 20 | 22 | 19 | 29 | 53 | 68 | 67 | 81 | 105 | 98 | 131 | 137 |
| OPM % | 8 | 9 | 11 | 10 | 13 | 19 | 18 | 16 | 18 | 20 | 17 | 19 | 19 |
| Other Income | 9 | 4 | 6 | 18 | 14 | 9 | 6 | 9 | 11 | 11 | 14 | 13 | 11 |
| Exceptional items (within Other Income) | 0 | -6.83 | |||||||||||
| Interest | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 3 | 2 | 3 | 2.70 | 3 |
| Depreciation | 11 | 12 | 5 | 4 | 4 | 6 | 6 | 9 | 14 | 16 | 18 | 21 | 23 |
| Profit before tax | 12 | 11 | 23 | 32 | 38 | 55 | 67 | 65 | 75 | 98 | 92 | 120 | 122 |
| Tax % | 24 | 39 | 36 | 44 | 33 | 22 | 25 | 26 | 26 | 25 | 24 | 25 | |
| Net Profit | 9 | 7 | 15 | 18 | 25 | 43 | 50 | 49 | 56 | 74 | 69 | 90 | 92 |
| EPS in Rs | 0.80 | 0.60 | 1.38 | 1.70 | 2.53 | 4.27 | 5 | 4.59 | 5.10 | 6.85 | 6.30 | 8.18 | 8.37 |
| Diluted EPS in Rs | 6.30 | 8.19 | |||||||||||
| Dividend Payout % | 38 | 0 | 37 | 0 | 0 | 14 | 12 | 18 | 20 | 77 | 19 | 15 |
Compounded growth
Average yearly growth over different spans, as stored. A span can cross a demerger or an acquisition.
Compounded sales growth
- 10 years
- 13%
- 5 years
- 13%
- 3 years
- 15%
- TTM
- 19%
Compounded profit growth
- 10 years
- 30%
- 5 years
- 14%
- 3 years
- 20%
- TTM
- 38%
Stock price CAGR
- 10 years
- 27%
- 5 years
- 10%
- 3 years
- 11%
- 1 year
- 36%
Return on equity
- 10 years
- 16%
- 5 years
- 16%
- 3 years
- 16%
- Last year
- 18%
Balance sheet
What the company owns and what it owes, at the end of each year. ₹ crore.
| Line item | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 22 | 22 | 22 | 22 | 20 | 20 | 20 | 21 | 22 | 22 | 22 | 22 |
| Reserves | 131 | 136 | 145 | 153 | 151 | 184 | 253 | 322 | 397 | 419 | 470 | 550 |
| Borrowings | 18 | 6 | 5 | 1 | 0 | 23 | 1 | 70 | 55 | 56 | 59 | 55 |
| Other Liabilities | 24 | 21 | 19 | 30 | 23 | 37 | 50 | 55 | 46 | 53 | 66 | 114 |
| Minority Interest | 0 | |||||||||||
| Total Liabilities | 194 | 185 | 191 | 205 | 195 | 265 | 324 | 468 | 520 | 550 | 618 | 741 |
| Fixed Assets | 93 | 83 | 81 | 80 | 69 | 77 | 77 | 160 | 175 | 182 | 186 | 258 |
| CWIP | 2 | 0 | 1 | 0 | 1 | 2 | 0 | 0 | 7 | 5 | 19 | 27 |
| Investments | 8 | 8 | 8 | 0 | 0 | 18 | 17 | 39 | 80 | 77 | 61 | 15 |
| Other Assets | 92 | 94 | 100 | 125 | 125 | 167 | 229 | 268 | 259 | 285 | 353 | 442 |
| Total Assets | 194 | 185 | 191 | 205 | 195 | 265 | 324 | 468 | 520 | 550 | 618 | 741 |
Cash flows
Real money coming in and going out each year — from the business, from investments and from loans. ₹ crore.
| Line item | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 6 | 15 | 17 | 24 | 20 | 31 | 36 | 34 | 51 | 70 | 37 | 58 |
| Cash from Investing Activity | 18 | 1 | -4 | 4 | -1 | -39 | -9 | -53 | -60 | 13 | -39 | -5 |
| Cash from Financing Activity | -21 | -18 | -12 | -11 | -32 | 14 | -7 | 33 | -5 | -63 | -21 | -24 |
| Net Cash Flow | 3 | -1 | 1 | 17 | -14 | 6 | 20 | 14 | -14 | 20 | -23 | 29 |
| Free Cash Flow | -7 | 16 | 14 | 19 | 15 | 21 | 32 | -0 | 24 | 55 | -4 | -24 |
Ratios
How fast customers pay, how long stock sits, and how well capital earns — year by year.
| Line item | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 58 | 63 | 62 | 78 | 69 | 68 | 64 | 61 | 76 | 76 | 73 | 77 |
| Inventory Days | 98 | 85 | 104 | 94 | 131 | 158 | 143 | 156 | 132 | 111 | 176 | 205 |
| Days Payable | 37 | 37 | 44 | 55 | 52 | 62 | 68 | 65 | 47 | 63 | 88 | 120 |
| Cash Conversion Cycle | 120 | 112 | 122 | 117 | 148 | 165 | 139 | 153 | 162 | 124 | 160 | 162 |
| Working Capital Days | 66 | 86 | 98 | 102 | 117 | 82 | 111 | 110 | 116 | 108 | 123 | 128 |
| ROCE % | 6 | 7 | 14 | 19 | 23 | 28 | 27 | 19 | 17 | 20 | 17 | 22 |
Price trend
The price as a Renko brick chart: small moves drop out so the bigger path stands out.
Every brick is the same size, about one typical day's move. A new brick needs a full brick's move; turning the other way needs two. Bricks show where the price went, not where it will go.
Open interestPRO
Where option traders are positioned on this stock.
Industry numbers
The numbers that matter most in this industry, from the company's own filings.
1 when an audit qualification is filed as repetitive
0.00flag
2026-03-31
the company's own unlisted debt securities in default at period end
0.00cr
2026-06-30
the company's own loans / revolving facilities in default at period end (standalone filing)
0.00cr
2026-06-30
net debt from the filed balance sheet at the newest year end: Borrowings − Cash Equivalents − Investments (Current); negative = net cash
-31.52inr_cr
2026-03-31
guarantees / comfort given for promoter, promoter group, directors and KMP
0.00cr
2026-03-31
loans outstanding to promoter, promoter group, directors and KMP (governance filing)
0.00cr
2026-03-31
security given for the borrowing of promoter, promoter group, directors and KMP
0.00cr
2026-03-31
FY revenue / permanent employees + workers, same basis (calc)
1,33,98,860inr
2026-03-31
News
News and filings about ADF Foods Limited. Open one to see why it matters.
No recent news for this company.
Supply chain
Who it buys from, sells to and competes with — as recorded in our map of company links.
Competes with
- Annapurna Swadisht Limited
- Bikaji Foods International Limited
- Britannia Industries
- Dangee Dums Limited
- Euro India Fresh Foods Limited
- Foods & Inns Limited
- Ganesh Consumer Products Limited
- Gopal Snacks Limited
- Hexagon Nutrition Limited
- Mrs. Bectors Food Specialities Limited
- Nakoda Group of Industries Limited
- Nestle India
- Palash Securities Limited
- Prataap Snacks Limited
- Sundrop Brands Limited
- Tasty Bite Eatables Limited
- The Bombay Burmah Trading Corporation Limited
- Zydus Wellness Limited
Uses as raw material
- Edible oils
- Packing materials (plastic, glass jars, cans, cartons)
- Rice, cereals and flour
- Spices and curry/masala powders
- Sugar
- Vegetables, fruits & mango pulp (fresh/frozen/canned/brined)
Depends on the price of
- diesel
- sugar
Sells to
- ADF Foods UK Limited · FMCG distribution agent in the UK (subsidiary)
- ADF Holdings (USA) Limited · FMCG distribution agent in the USA (subsidiary)
- Best Foods Inc · US ethnic-foods distribution
- House of Spices India Inc · US ethnic-foods distribution
- M S Commerce International Inc · US ethnic-foods distribution
- Vibrant Foods New Jersey LLC · US distribution of ADF branded ethnic foods
Buys from
- Haldyn Glass Limited · glass containers for food products
About
What the company is, from our own records: where it sits, where it makes things, and what it is made of.
- Sector
- Fast Moving Consumer Goods
- Industry
- Packaged Foods
- Classification
- Fast Moving Consumer Goods › Packaged Foods
- ISIN
- INE982B01027
Business segments
- Processed and preserved foods · 85%
- Distribution Business · 15%
Plants
- Nadiad manufacturing facility
- Nasik manufacturing facility
- Surat manufacturing facility (new)
News impact
Big market events that reach ADF Foods Limited, and how the effect spreads.
No recent market events reach this company.
Dividends, splits & big trades
Money paid out, share splits and buybacks, and big buys or sells by funds and insiders.
Dividends
| 5 Aug 2026 | unspecified | ₹0.6 |
|---|---|---|
| 13 Nov 2025 | interim | ₹0.6 |
| 6 Aug 2025 | unspecified | ₹0.6 |
| 6 Nov 2024 | interim | ₹0.6 |
| 26 Jul 2024 | unspecified | ₹1.2 |
| 10 Nov 2023 | special | ₹4 |
| 11 Sep 2023 | split | ₹0 |
| 3 Aug 2023 | unspecified | ₹5 |
Splits, bonuses & buybacks
- daily-prices repair: 9 rows from NSE's archive (replace 1, delete 1, insert 7), 2016-10-30..2026-02-01 (docs/flat_day_repair.md)1× · 30 Oct 2016
Bulk & block deals
| Date | Who | Bought / sold | Shares | Price |
|---|---|---|---|---|
| 2 Jul 2026 | QE SECURITIES LLP | BUY | 6,09,869 | ₹325.42 |
| 2 Jul 2026 | QE SECURITIES LLP | SELL | 5,85,106 | ₹336.37 |
| 24 Apr 2026 | SBI FUNDS MANAGEMENT LIMITED | BUY | 13,00,000 | ₹259.98 |
Insider trades
| Disclosed | Who | Type | Shares | Value ₹ Cr |
|---|---|---|---|---|
| 17 Aug 2026 | Parul Vishal Sonchhatra · Designated Person | SELL | 9,000 | 0.23 |
| 11 Aug 2026 | Vishal Suryakant Sonchhatra · Designated Person | SELL | 9,000 | 0.24 |
Documents
Annual reports, results presentations and earnings calls, straight from the source.
- Earnings call6 Aug 2026
- Earnings call30 Jul 2026
- Annual report · 2025-2617 Jul 2026
- Results presentation30 Jun 2026
- Earnings call14 May 2026
- Earnings call5 Feb 2026
- Earnings call10 Nov 2025
Facts from company filings and exchange data. Not investment advice: nothing here tells you to buy or sell.