ADF Foods Ltd

ADF Foods Ltd

₹ 192 -0.08%
23 Feb - close price
About

ADF Foods is engaged in the Business of manufacture and selling of food products like pickles, chutneys, ready to eat items, paste and sauces, frozen foods, spices etc.

Key Points

Product Portfolio
The Company’s portfolio comprises 400+ products ranging from frozen snacks, breads and vegetables to ready-to-eat foods, meal accompaniments, condiment pastes, cooking sauces, spices and milk drinks. [1]

  • Market Cap 2,107 Cr.
  • Current Price 192
  • High / Low 262 / 133
  • Stock P/E 32.5
  • Book Value 40.1
  • Dividend Yield 0.52 %
  • ROCE 17.0 %
  • ROE 14.2 %
  • Face Value 2.00

Pros

  • Company has reduced debt.
  • Company is almost debt free.

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

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
99 103 86 110 117 108 97 107 123 123 112 125 130
80 82 74 91 97 93 88 89 96 97 90 103 103
Operating Profit 19 21 12 19 20 15 9 18 27 26 22 22 27
OPM % 19% 20% 14% 17% 17% 14% 9% 17% 22% 21% 20% 17% 21%
1 2 4 1 2 4 4 4 3 1 2 3 4
Interest 0 0 0 0 1 1 1 1 1 1 1 1 1
Depreciation 1 2 1 2 3 3 3 3 4 4 4 4 4
Profit before tax 18 20 14 18 18 15 9 18 25 23 20 21 26
Tax % 23% 27% 22% 29% 24% 26% 18% 24% 27% 30% 27% 27% 27%
14 15 11 12 14 11 8 14 19 16 15 15 19
EPS in Rs 1.39 1.49 1.11 1.24 1.33 1.07 0.70 1.24 1.69 1.49 1.37 1.37 1.76
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

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
156 179 208 204 210 201 201 231 285 370 421 450 490
136 162 192 188 190 179 182 202 232 302 354 369 393
Operating Profit 20 17 16 16 20 22 19 29 53 68 67 81 97
OPM % 13% 9% 8% 8% 9% 11% 10% 13% 19% 18% 16% 18% 20%
3 11 4 9 4 6 18 14 9 6 9 11 10
Interest 2 3 2 1 1 1 1 1 1 1 2 3 2
Depreciation 10 7 11 11 12 5 4 4 6 6 9 14 15
Profit before tax 10 17 7 12 11 23 32 38 55 67 65 75 90
Tax % 41% 21% 32% 24% 39% 36% 44% 33% 22% 25% 26% 26%
6 14 5 9 7 15 18 25 43 50 49 56 65
EPS in Rs 0.63 1.28 0.51 0.80 0.60 1.38 1.70 2.53 4.27 5.00 4.59 5.10 5.99
Dividend Payout % 48% 24% 59% 38% 0% 37% 0% 0% 14% 12% 18% 20%
Compounded Sales Growth
10 Years: 10%
5 Years: 18%
3 Years: 16%
TTM: 13%
Compounded Profit Growth
10 Years: 21%
5 Years: 24%
3 Years: 7%
TTM: 27%
Stock Price CAGR
10 Years: 37%
5 Years: 34%
3 Years: 4%
1 Year: 29%
Return on Equity
10 Years: 13%
5 Years: 17%
3 Years: 17%
Last Year: 14%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 92 127 126 131 136 145 153 151 184 235 313 397 418
37 43 28 18 6 5 1 0 23 1 70 55 7
25 23 25 24 21 19 30 23 37 67 64 46 111
Total Liabilities 175 215 201 194 185 191 205 195 265 324 468 520 558
74 87 80 93 83 81 80 69 77 77 160 175 176
CWIP 1 0 9 2 0 1 0 1 2 0 0 7 9
Investments 18 30 21 8 8 8 0 0 18 17 39 80 84
83 98 91 92 94 100 125 125 167 229 268 259 289
Total Assets 175 215 201 194 185 191 205 195 265 324 468 520 558

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

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 2 18 6 15 17 24 20 31 36 34 51
-11 -23 5 18 1 -4 4 -1 -39 -9 -53 -60
2 18 -21 -21 -18 -12 -11 -32 14 -7 33 -5
Net Cash Flow -1 -3 3 3 -1 1 17 -14 6 20 14 -14

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 67 76 53 58 63 62 78 69 68 64 61 76
Inventory Days 143 156 111 98 85 104 94 131 158 143 156 132
Days Payable 42 52 51 37 37 44 55 52 62 68 65 47
Cash Conversion Cycle 168 180 113 120 112 122 117 148 165 139 153 161
Working Capital Days 88 127 84 78 96 106 104 117 111 111 118 121
ROCE % 8% 7% 4% 6% 7% 14% 19% 23% 28% 28% 20% 17%

Shareholding Pattern

Numbers in percentages

5 Recently
Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
31.42% 31.42% 31.42% 31.42% 33.58% 36.59% 36.60% 36.60% 36.50% 36.50% 36.29% 36.28%
10.00% 10.00% 10.04% 10.06% 9.66% 9.31% 9.37% 9.44% 9.38% 9.46% 9.57% 9.57%
1.65% 1.65% 1.66% 1.67% 1.59% 6.03% 7.03% 7.67% 7.88% 7.91% 7.91% 8.01%
56.93% 56.93% 56.88% 56.85% 55.17% 48.07% 47.00% 46.30% 46.24% 46.12% 46.24% 46.15%
No. of Shareholders 23,00927,97927,45828,65927,50627,59928,70326,55426,38326,15131,52639,812

* 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