ADF Foods Ltd

ADF Foods Ltd

₹ 233 -1.81%
16 Jul - close price
About

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.

Key Points

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]

  • Market Cap 2,558 Cr.
  • Current Price 233
  • High / Low 262 / 179
  • Stock P/E 36.6
  • Book Value 40.2
  • Dividend Yield 0.52 %
  • ROCE 19.5 %
  • ROE 16.3 %
  • Face Value 2.00

Pros

  • Company has been maintaining a healthy dividend payout of 18.5%

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

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
103 86 110 117 108 97 107 123 123 112 125 130 154
82 74 91 97 93 88 89 96 97 90 103 103 119
Operating Profit 21 12 19 20 15 9 18 27 26 22 22 27 34
OPM % 20% 14% 17% 17% 14% 9% 17% 22% 21% 20% 17% 21% 22%
2 4 1 2 4 4 4 3 1 2 3 4 2
Interest 0 0 0 1 1 1 1 1 1 1 1 1 1
Depreciation 2 1 2 3 3 3 3 4 4 4 4 4 4
Profit before tax 20 14 18 18 15 9 18 25 23 20 21 26 31
Tax % 27% 22% 29% 24% 26% 18% 24% 27% 30% 27% 27% 27% 19%
15 11 12 14 11 8 14 19 16 15 15 19 25
EPS in Rs 1.49 1.11 1.24 1.33 1.07 0.70 1.24 1.69 1.49 1.37 1.37 1.76 2.35
Raw PDF

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% 18%
Compounded Sales Growth
10 Years: 10%
5 Years: 18%
3 Years: 12%
TTM: 16%
Compounded Profit Growth
10 Years: 32%
5 Years: 22%
3 Years: 12%
TTM: 31%
Stock Price CAGR
10 Years: 35%
5 Years: 34%
3 Years: 10%
1 Year: 10%
Return on Equity
10 Years: 14%
5 Years: 17%
3 Years: 16%
Last Year: 16%

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 56
23 25 24 21 19 30 23 37 67 64 46 53
Total Liabilities 215 201 194 185 191 205 195 265 324 468 520 550
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 94 100 125 125 167 229 268 259 285
Total Assets 215 201 194 185 191 205 195 265 324 468 520 550

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 13
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 20

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 97
Days Payable 52 51 37 37 44 55 52 62 68 65 47 44
Cash Conversion Cycle 180 113 120 112 122 117 148 165 139 153 162 130
Working Capital Days 127 84 78 96 106 104 117 111 111 118 120 113
ROCE % 7% 4% 6% 7% 14% 19% 23% 28% 28% 20% 17% 20%

Shareholding Pattern

Numbers in percentages

3 Recently
Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
31.42% 31.42% 33.58% 36.59% 36.60% 36.60% 36.50% 36.50% 36.29% 36.28% 36.42% 36.33%
10.04% 10.06% 9.66% 9.31% 9.37% 9.44% 9.38% 9.46% 9.57% 9.57% 9.55% 9.51%
1.66% 1.67% 1.59% 6.03% 7.03% 7.67% 7.88% 7.91% 7.91% 8.01% 8.64% 8.65%
56.88% 56.85% 55.17% 48.07% 47.00% 46.30% 46.24% 46.12% 46.24% 46.15% 45.39% 45.50%
No. of Shareholders 27,45828,65927,50627,59928,70326,55426,38326,15131,52639,81240,41138,838

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Documents

Concalls