ADF Foods Ltd
ADF specializes in the production and export of a variety of traditional Indian food products, including pickles, chutneys, pastes, sauces, ready-to-eat meals, frozen, and canned foods. Its market spans Europe, the US, Australia, and the Gulf. Additionally, ADF Foods UK Limited and ADF Holding USA Limited operate as agents distributing FMCG products in the USA and UK respectively.
- Market Cap ₹ 2,605 Cr.
- Current Price ₹ 237
- High / Low ₹ 262 / 162
- Stock P/E 35.3
- Book Value ₹ 40.2
- Dividend Yield 0.42 %
- ROCE 21.7 %
- ROE 17.2 %
- Face Value ₹ 2.00
Pros
- Company has reduced debt.
- Company is almost debt free.
- Company has been maintaining a healthy dividend payout of 37.8%
Cons
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Sector: FMCG Industry: Food - Processing - Indian
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
179 | 208 | 204 | 210 | 201 | 201 | 231 | 285 | 370 | 421 | 450 | 520 | |
162 | 192 | 188 | 190 | 179 | 182 | 202 | 232 | 302 | 354 | 369 | 415 | |
Operating Profit | 17 | 16 | 16 | 20 | 22 | 19 | 29 | 53 | 68 | 67 | 81 | 105 |
OPM % | 9% | 8% | 8% | 9% | 11% | 10% | 13% | 19% | 18% | 16% | 18% | 20% |
11 | 4 | 9 | 4 | 6 | 18 | 14 | 9 | 6 | 9 | 11 | 11 | |
Interest | 3 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 3 | 2 |
Depreciation | 7 | 11 | 11 | 12 | 5 | 4 | 4 | 6 | 6 | 9 | 14 | 16 |
Profit before tax | 17 | 7 | 12 | 11 | 23 | 32 | 38 | 55 | 67 | 65 | 75 | 98 |
Tax % | 21% | 32% | 24% | 39% | 36% | 44% | 33% | 22% | 25% | 26% | 26% | 25% |
14 | 5 | 9 | 7 | 15 | 18 | 25 | 43 | 50 | 49 | 56 | 74 | |
EPS in Rs | 1.28 | 0.51 | 0.80 | 0.60 | 1.38 | 1.70 | 2.53 | 4.27 | 5.00 | 4.59 | 5.10 | 6.85 |
Dividend Payout % | 24% | 59% | 38% | 0% | 37% | 0% | 0% | 14% | 12% | 18% | 20% | 76% |
Compounded Sales Growth | |
---|---|
10 Years: | 10% |
5 Years: | 18% |
3 Years: | 12% |
TTM: | 16% |
Compounded Profit Growth | |
---|---|
10 Years: | 33% |
5 Years: | 23% |
3 Years: | 14% |
TTM: | 38% |
Stock Price CAGR | |
---|---|
10 Years: | 39% |
5 Years: | 37% |
3 Years: | 9% |
1 Year: | 41% |
Return on Equity | |
---|---|
10 Years: | 15% |
5 Years: | 18% |
3 Years: | 16% |
Last Year: | 17% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 22 | 22 | 22 | 22 | 22 | 22 | 20 | 20 | 20 | 21 | 22 | 22 |
Reserves | 127 | 126 | 131 | 136 | 145 | 153 | 151 | 184 | 235 | 313 | 397 | 419 |
43 | 28 | 18 | 6 | 5 | 1 | 0 | 23 | 1 | 70 | 55 | 7 | |
23 | 25 | 24 | 21 | 19 | 30 | 23 | 37 | 67 | 64 | 46 | 108 | |
Total Liabilities | 215 | 201 | 194 | 185 | 191 | 205 | 195 | 265 | 324 | 468 | 520 | 556 |
87 | 80 | 93 | 83 | 81 | 80 | 69 | 77 | 77 | 160 | 175 | 182 | |
CWIP | 0 | 9 | 2 | 0 | 1 | 0 | 1 | 2 | 0 | 0 | 7 | 5 |
Investments | 30 | 21 | 8 | 8 | 8 | 0 | 0 | 18 | 17 | 39 | 80 | 77 |
98 | 91 | 92 | 94 | 100 | 125 | 125 | 167 | 229 | 268 | 259 | 292 | |
Total Assets | 215 | 201 | 194 | 185 | 191 | 205 | 195 | 265 | 324 | 468 | 520 | 556 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
2 | 18 | 6 | 15 | 17 | 24 | 20 | 31 | 36 | 34 | 51 | 70 | |
-23 | 5 | 18 | 1 | -4 | 4 | -1 | -39 | -9 | -53 | -60 | 16 | |
18 | -21 | -21 | -18 | -12 | -11 | -32 | 14 | -7 | 33 | -5 | -63 | |
Net Cash Flow | -3 | 3 | 3 | -1 | 1 | 17 | -14 | 6 | 20 | 14 | -14 | 23 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 76 | 53 | 58 | 63 | 62 | 78 | 69 | 68 | 64 | 61 | 76 | 76 |
Inventory Days | 156 | 111 | 98 | 85 | 104 | 94 | 131 | 158 | 143 | 156 | 132 | 79 |
Days Payable | 52 | 51 | 37 | 37 | 44 | 55 | 52 | 62 | 68 | 65 | 47 | 36 |
Cash Conversion Cycle | 180 | 113 | 120 | 112 | 122 | 117 | 148 | 165 | 139 | 153 | 161 | 120 |
Working Capital Days | 127 | 84 | 78 | 96 | 106 | 104 | 117 | 111 | 111 | 118 | 121 | 166 |
ROCE % | 7% | 4% | 6% | 7% | 14% | 19% | 23% | 28% | 28% | 20% | 17% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Newspaper Publication
2d - Of newspaper publication of audited financial results for the quarter and financial year ended 31st March, 2024.
- Announcement Under Regulation 30 (LODR) - Audio Recording Of Q4 & FY24 Earnings Call. 10 May
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
10 May - Press Release pursuant to Regulation 30 of SEBI (LODR), Regulations, 2015.
- Announcement under Regulation 30 (LODR)-Press Release / Media Release 9 May
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Announcement under Regulation 30 (LODR)-Investor Presentation
9 May - Corporate Investor Presentation for the Quarter and Financial Year ended 31st March, 2024.
Annual reports
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
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Financial Year 2009
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Concalls
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May 2024TranscriptNotesPPT
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Feb 2024Transcript PPT
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Nov 2023Transcript PPT
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May 2022Transcript PPT REC
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Oct 2021TranscriptNotesPPT
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Nov 2020Transcript PPT
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Aug 2020TranscriptNotesPPT
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May 2020TranscriptNotesPPT
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Feb 2020TranscriptNotesPPT
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Nov 2019TranscriptNotesPPT
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Sep 2019TranscriptNotesPPT
Product Portfolio
ADF has 400+ SKUs spread across eight brands. These include frozen snacks, Indian breads, and vegetables, as well as ready-to-eat meals, side dishes such as pickles and chutneys, condiment pastes, cooking sauces, spices, and milk-based beverages. [1]