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 ₹ 2,485 Cr.
- Current Price ₹ 226
- High / Low ₹ 262 / 148
- Stock P/E 33.3
- Book Value ₹ 40.9
- Dividend Yield 0.42 %
- ROCE 20.4 %
- ROE 15.1 %
- Face Value ₹ 2.00
Pros
- Company is almost debt free.
- Company has delivered good profit growth of 20.9% CAGR over last 5 years
- Company has been maintaining a healthy dividend payout of 18.6%
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
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
112 | 130 | 142 | 149 | 161 | 165 | 164 | 188 | 194 | 237 | 302 | 353 | 383 | |
93 | 115 | 119 | 129 | 133 | 144 | 146 | 152 | 156 | 185 | 248 | 276 | 285 | |
Operating Profit | 20 | 15 | 23 | 21 | 28 | 22 | 18 | 36 | 39 | 52 | 54 | 77 | 98 |
OPM % | 18% | 12% | 16% | 14% | 17% | 13% | 11% | 19% | 20% | 22% | 18% | 22% | 26% |
3 | 11 | 4 | 8 | 4 | 6 | 18 | 14 | 9 | 4 | 9 | 10 | 9 | |
Interest | 1 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
Depreciation | 5 | 4 | 7 | 7 | 8 | 4 | 4 | 4 | 6 | 6 | 6 | 6 | 6 |
Profit before tax | 17 | 20 | 18 | 21 | 22 | 22 | 31 | 44 | 41 | 49 | 56 | 81 | 101 |
Tax % | 32% | 21% | 31% | 30% | 37% | 35% | 28% | 31% | 22% | 25% | 26% | 26% | |
12 | 16 | 12 | 15 | 14 | 14 | 22 | 30 | 31 | 37 | 41 | 60 | 75 | |
EPS in Rs | 1.15 | 1.42 | 1.13 | 1.33 | 1.28 | 1.35 | 2.10 | 3.04 | 3.14 | 3.67 | 3.96 | 5.46 | 6.79 |
Dividend Payout % | 27% | 22% | 27% | 23% | 0% | 38% | 0% | 0% | 19% | 17% | 21% | 19% |
Compounded Sales Growth | |
---|---|
10 Years: | 11% |
5 Years: | 17% |
3 Years: | 22% |
TTM: | 14% |
Compounded Profit Growth | |
---|---|
10 Years: | 19% |
5 Years: | 21% |
3 Years: | 22% |
TTM: | 45% |
Stock Price CAGR | |
---|---|
10 Years: | 38% |
5 Years: | 36% |
3 Years: | 9% |
1 Year: | 52% |
Return on Equity | |
---|---|
10 Years: | 12% |
5 Years: | 14% |
3 Years: | 14% |
Last Year: | 15% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 21 | 22 | 22 | 22 | 22 | 22 | 22 | 20 | 20 | 20 | 21 | 22 | 22 |
Reserves | 108 | 133 | 142 | 153 | 167 | 176 | 187 | 190 | 211 | 250 | 319 | 403 | 427 |
16 | 26 | 15 | 8 | 6 | 5 | 1 | 0 | 23 | 1 | 0 | 2 | 1 | |
22 | 20 | 25 | 25 | 23 | 26 | 31 | 27 | 32 | 50 | 51 | 39 | 51 | |
Total Liabilities | 166 | 202 | 205 | 209 | 219 | 228 | 241 | 238 | 287 | 321 | 391 | 467 | 502 |
44 | 72 | 67 | 76 | 70 | 70 | 70 | 69 | 77 | 77 | 81 | 96 | 100 | |
CWIP | 1 | 0 | 9 | 2 | 0 | 1 | 0 | 1 | 2 | 0 | 0 | 1 | 2 |
Investments | 44 | 36 | 38 | 26 | 66 | 69 | 57 | 58 | 84 | 87 | 126 | 168 | 174 |
78 | 94 | 92 | 105 | 83 | 89 | 113 | 110 | 123 | 156 | 184 | 202 | 226 | |
Total Assets | 166 | 202 | 205 | 209 | 219 | 228 | 241 | 238 | 287 | 321 | 391 | 467 | 502 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
8 | -0 | 23 | -3 | 44 | 18 | 21 | 24 | 36 | 26 | 38 | 25 | |
-11 | -15 | -4 | 18 | -40 | -5 | 7 | -4 | -52 | -8 | -46 | -55 | |
0 | 13 | -15 | -13 | -6 | -12 | -11 | -32 | 14 | -7 | 18 | 18 | |
Net Cash Flow | -2 | -3 | 4 | 2 | -2 | 1 | 17 | -12 | -2 | 10 | 11 | -12 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 87 | 94 | 73 | 75 | 70 | 69 | 89 | 82 | 82 | 84 | 74 | 92 |
Inventory Days | 160 | 170 | 129 | 113 | 114 | 101 | 115 | 141 | 153 | 132 | 137 | 121 |
Days Payable | 37 | 41 | 51 | 35 | 39 | 37 | 57 | 59 | 76 | 79 | 86 | 54 |
Cash Conversion Cycle | 210 | 222 | 151 | 153 | 145 | 134 | 146 | 164 | 160 | 137 | 125 | 158 |
Working Capital Days | 120 | 183 | 156 | 185 | 129 | 131 | 127 | 132 | 116 | 123 | 108 | 129 |
ROCE % | 13% | 8% | 10% | 10% | 13% | 12% | 16% | 22% | 18% | 19% | 19% | 20% |
Documents
Announcements
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 18 Apr
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Certificate Under Regulation 40(9) Of SEBI (LODR) Regulations, 2015.
17 Apr - Certificate for the financial year ended 31st March, 2024 issued by M/s S. S. Risbud & Co., Practicing Company Secretary, pursuant to Regulation 40(9) of …
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
4 Apr - Of Compliance Certificate pursuant to Regulation 74(5) of SEBI (DP) Regulations, 2018.
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 4 Apr
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Compliance Certificate - Regulation 7(3) Of SEBI (LODR) Regulations, 2015.
3 Apr - Of Compliance Certificate for the Financial Year ended March 31, 2024 pursuant to Regulation 7(3) of SEBI (LODR) Regulations, 2015.
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 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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Concalls
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Feb 2024Transcript PPT
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Nov 2023Transcript PPT
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Feb 2023Transcript PPT
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Nov 2022Transcript PPT
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May 2022Transcript PPT REC
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Feb 2022Transcript PPT
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Oct 2021TranscriptNotesPPT
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Aug 2021Transcript PPT
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Jun 2021Transcript PPT
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Jan 2021Transcript PPT
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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]