MarketFriction

ADF Foods Ltd

NSE ADFFOODS · BSE 519183 · Packaged Foods
₹281.40 +3.04%
NSE close2026-10-01
52 week range153.10 - 346.95
Market cap₹2,949 Cr.
P/E30.5
Price band 20% Delivery 36.0%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales125130154122161147159133163191197167
Expenses103103119102134121134109127154162138
Operating Profit222734202826252436373430
OPM %17%21%22%16%17%18%16%18%22%19%17%18%
Other Income342544236-491
Interest111111111111
Depreciation444455555567
Profit before tax212631202625212136273623
Tax %27%27%19%26%25%25%21%28%26%17%29%26%
Net Profit151925142019161526222617
EPS in Rs1.371.762.351.371.791.711.501.392.402.042.361.57
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales210201201231285370421450520590683718
Expenses190179182202232302354369415491552581
Operating Profit202219295368678110598131137
OPM %9%11%10%13%19%18%16%18%20%17%19%19%
Other Income4618149691111141311
Interest111111232333
Depreciation125446691416182123
Profit before tax11233238556765759892120122
Tax %39%36%44%33%22%25%26%26%25%24%25%
Net Profit71518254350495674699092
EPS in Rs0.601.381.702.534.275.004.595.106.856.308.188.37
Dividend Payout %0%37%0%0%14%12%18%20%77%19%15%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth13%13%15%19%
Compounded Profit Growth30%14%20%38%
Stock Price CAGR27%9%9%22%
Return on Equity16%16%16%18%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital222222222020202122222222
Reserves131136145153151184253322397419470550
Borrowings1865102317055565955
Other Liabilities2421193023375055465366114
Total Liabilities194185191205195265324468520550618741
Fixed Assets93838180697777160175182186258
CWIP20101200751927
Investments8880018173980776115
Other Assets9294100125125167229268259285353442
Total Assets194185191205195265324468520550618741
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity61517242031363451703758
Cash from Investing Activity181-44-1-39-9-53-6013-39-5
Cash from Financing Activity-21-18-12-11-3214-733-5-63-21-24
Net Cash Flow3-1117-1462014-1420-2329
Free Cash Flow-7161419152132-02455-4-25
CFO/OP36%121%117%168%114%83%71%72%88%89%63%70%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days586362786968646176767377
Inventory Days988510494131158143156132111176205
Days Payable3737445552626865476388120
Cash Conversion Cycle120112122117148165139153162124160162
Working Capital Days66869810211782111110116108123128
ROCE %6%7%14%19%23%28%27%19%17%20%17%22%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters36.29%36.28%36.42%36.33%36.17%36.14%36.14%36.14%36.14%36.14%36.14%36.14%
FIIs9.57%9.57%9.55%9.51%9.55%10.06%9.84%11.29%11.30%11.31%11.55%11.59%
DIIs7.91%8.01%8.64%8.65%8.81%23.65%23.65%22.71%23.10%23.11%23.21%21.30%
Public46.24%46.15%45.39%45.50%45.48%30.16%30.37%29.87%29.47%29.46%29.12%30.99%
No. of Shareholders31,52639,81240,41138,83844,14241,99642,76941,43642,05441,58140,31939,264

Fundamentals

Market Cap₹ 2,949 Cr.
Current Price₹ 268
Stock P/E30.5
Book Value₹ 52.1
ROCE21.8 %
ROE17.7 %
Dividend Yield0.45 %
Face Value₹ 2.00
Compounded Sales Growth (TTM)19%
Compounded Profit Growth (TTM)38%
Consolidated figures.
Valuation
Market capRs 3,198 Cr
Enterprise valueRs 3,181 Cr
P/E (TTM)34.77x
Price to book5.59x
Price to sales4.46x
EV / EBITDA21.48x
EV / EBIT25.39x
EV / sales4.43x
Price to cash flow55.53x
Earnings yield2.88%
Dividend yield0.42%
P/E, 3-year average29.22x
P/B, 3-year average4.51x
P/E, 5-year average20.15x
P/B, 5-year average3.06x
Profitability
Operating margin (excl. other income)19.14%
Operating margin (incl. other income)21.06%
EBITDA margin20.64%
Pre-tax margin17.07%
Net profit margin12.82%
Net margin, latest quarter10.34%
ROE16.89%
ROCE20.83%
ROA13.23%
ROE, 3-year average16.41%
ROCE, 3-year average19.82%
ROA, 3-year average13.05%
ROE, 5-year average15.91%
ROCE, 5-year average19.31%
ROA, 5-year average12.53%
ROIC (approx.)16.92%
Tax rate25.12%
Other income / net worth2.30%
Growth
Sales growth (latest year)15.88%
Profit growth (latest year)29.83%
Sales CAGR, 3 years14.91%
Sales CAGR, 5 years13.06%
Profit CAGR, 3 years17.03%
Profit CAGR, 5 years12.42%
Sales growth QoQ-14.96%
Profit growth QoQ-33.27%
Sales growth YoY (latest quarter)25.90%
Profit growth YoY (latest quarter)13.45%
Per share
EPS (TTM)Rs 8.09
EPS (latest year)Rs 7.91
EPS (latest quarter)Rs 1.52
EPS, 3-year averageRs 6.88
EPS, 5-year averageRs 13.49
Book value per shareRs 50.33
Sales per shareRs 63.15
Cash flow per shareRs 5.07
Free cash flow per shareRs -2.20
Dividend per share (latest year)Rs 1.18
Dividend per share, 3-year averageRs 2.49
Dividend per share, 5-year averageRs 3.26
Dividends
Dividend payout14.91%
Dividend payout, 3-year average37.15%
Dividend payout, 5-year average29.83%
Efficiency
Asset turnover0.92x
Fixed asset turnover2.65x
Inventory turnover2.82x
Inventory days130 days
Debtor days77 days
Debtors turnover4.75x
Creditor days120 days
Cash conversion cycle162 days
Working capital days128 days
Leverage
Total debtRs 55 Cr
Cash and bankRs 72 Cr
Net debtRs -17 Cr
Debt to equity0.10x
Net debt / EBITDA-0.12x
Interest coverage44.59x
Current ratio (filing 2026-03-31)3.84x
Quick ratio (filing 2026-03-31)2.80x
Trade payables (filing 2026-03-31)Rs 70 Cr
Owners' fund to total sources77.15%
Debt to assets7.43%
Cash flow
Cash from Operating Activity (latest year)Rs 58 Cr
Cash from Investing Activity (latest year)Rs -5 Cr
Cash from Financing Activity (latest year)Rs -24 Cr
Net Cash Flow (latest year)Rs 29 Cr
Free cash flow (latest year)Rs -25 Cr
FCFE (approx.: FCF + change in debt)Rs -29 Cr
Cash from ops / profit, 5 years0.74x
Sales to cash flow11.86x
Statement figures
Net sales (TTM)Rs 718 Cr
Net sales (latest year)Rs 683 Cr
Sales (latest quarter)Rs 167 Cr
Operating profit excl. other income (latest year)Rs 131 Cr
Operating profit (latest quarter)Rs 30 Cr
Other income (TTM)Rs 11 Cr
EBITDA (TTM)Rs 148 Cr
PBDT (TTM)Rs 145 Cr
Profit before tax (TTM)Rs 122 Cr
Tax (latest year)Rs 30 Cr
Net profit (TTM)Rs 92 Cr
Net profit (latest year)Rs 90 Cr
Net profit (latest quarter)Rs 17 Cr
Depreciation (TTM)Rs 23 Cr
Depreciation (latest quarter)Rs 7 Cr
Interest (TTM)Rs 3 Cr
Cost of goods sold (latest year)Rs 337 Cr
Total expenditure (latest year)Rs 552 Cr
Total income (latest year)Rs 696 Cr
Share capitalRs 22 Cr
ReservesRs 550 Cr
Shareholders' fundsRs 572 Cr
Total assetsRs 741 Cr
Net blockRs 258 Cr
Capital work in progressRs 27 Cr
InvestmentsRs 15 Cr
ReceivablesRs 144 Cr
InventoryRs 120 Cr
Other liabilitiesRs 114 Cr
Shares outstanding (crore)11.36
Ownership
Promoter holding36.14% (+0.00 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 34.8 is at the 47th percentile of its own 9.4-year range (median 35.3, low 15.2, high 53.0).
P/B 5.59 is at the 60th percentile (median 5.06).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodADFFOODSNifty 50Difference
1 week+3.6%-2.8% +6.4 pts
1 month+6.1%-6.8% +12.9 pts
3 months-12.2%-7.6% -4.6 pts
6 months+68.3%+0.4% +67.9 pts
1 year+26.2%-9.9% +36.1 pts
2 years+3.6%-13.6% +17.1 pts
3 years+34.4%+14.2% +20.3 pts
5 years+59.7%+27.9% +31.8 pts
1 mutual fund schemes hold about ₹0 Cr. Over three months 0 bought more and 1 sold (share counts, price move removed).
FundWeightEst. Cr3m shares
Motilal Oswal BSE 1000 Index Fund0.01%0 -5%

Red flags

F-score 6 of 8
lookAuditor change Auditor change 2026-05-13: ADF Foods Limited has informed the Exchange regarding Change in Auditors of the company.
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Jun 2026
Sales ₹167 Cr +25.6% vs Jun 2025. Net profit ₹17 Cr +13.3%.

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2026-08-05Dividend - Re 0.60 Per Share
2025-11-13Interim Dividend - Re 0.60 Per Share
2025-08-06Dividend - Re 0.60 Per Share
2024-11-06Interim Dividend - Rs 0.60 Per Share
2024-07-26Dividend - Rs 1.20 Per Share
2024-07-26Annual General Meeting
2023-11-10Special Dividend - Rs 4 Per Share
2023-09-11Face Value Split (Sub-Division) - From Rs 10/- Per Share To Rs 2/- Per Share0.2000
2023-08-03Dividend - Rs 5 Per Share
2023-08-03Annual General Meeting
2022-08-04Annual General Meeting/Dividend - Rs 4 Per Share
2021-09-16 Dividend - Rs 3 Per Share
2021-09-16 Annual General Meeting
2020-07-28 Annual General Meeting
2020-02-17 Interim Dividend - Rs 1.5 Per Share
2019-11-20 Interim Dividend - Rs 1.5 Per Share
2019-09-17 Annual General Meeting
2018-09-05 Annual General Meeting
2017-08-14 Annual General Meeting/Dividend - Rs 2.50 Per Share
2016-09-20 Annual General Meeting
2015-09-21 Annual General Meeting/ Dividend - Rs 1.50/- Per Share
2014-09-11Annual General Meeting/Dividend Rs 1.50/- Per Share
2013-07-18Annual General Meeting / Dividend - Rs 1.50/- Per Share
2012-07-26Annual General Meeting And Dividend Rs.1.50 Per Share
2011-06-29Annual General Meeting And Dividend Rs.1.50 Per Share
DateTypeWhat it says
2026-10-02Press ReleaseEnclosed is the Press Release dated 2nd October, 2026
2026-08-22ResignationResignation of Director/KMP/SMP
2026-08-22ResignationResignation of Ms Purvi Dwivedi as Other of the company w.e.f. August 21, 2026.
2026-08-14LitigationIntimation under Regulation 30 of SEBI (LODR) Regulations, 2015 - Update on Litigation.
2026-08-14Shareholder meetingPursuant to Regulation 30 & 44 of SEBI (LODR) Regulations, 2015, please find enclosed herewith disclosure of Voting Results and Scrutinizers Report fo...
2026-08-12Shareholder meetingPursuant to Regulation 30 of SEBI (LODR) Regulations, 2015, please find enclosed herewith Intimation of Summary of proceedings of the 36th AGM of the ...
2026-08-11Credit Rating- RevisionIntimation pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015 w.r.t. Credit Rating.
2026-08-04Concall / analyst meetPursuant to Regulation 30 of SEBI (LODR) Regulations, 2015, please find enclosed herewith Transcript of the Earnings call for Q1 FY 2026-27.
2026-07-31Credit RatingCredit Rating
2026-07-30Concall / analyst meetPursuant to Regulation 30 of SEBI (LODR) Regulations, 2015, please find enclosed herewith Earnings call audio link for Q1 FY 2026-27.
2026-07-29Concall / analyst meetPursuant to Regulation 30 of SEBI (LODR) Regulations, 2015, we hereby enclose Corporate Investor Presentation for the Quarter ended 30th June, 2026.
2026-07-29Press ReleaseA press release dated July 29, 2026, titled "ADF Foods Limited Reports Q1 FY27 Financials".
2026-07-29AcquisitionIntimation pursuant to Regulation 30 of SEBI (LODR) Regulations 2015 Incorporation of a wholly owned step-down subsidiary in Ireland.
2026-07-29Board meeting outcomePursuant to Regulation 30 of SEBI (LODR) Regulations, 2015, we enclose herewith the Outcome of the Board Meeting held today i.e. on Wednesday, 29th Ju...
2026-07-23Concall / analyst meetPursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that an earnings conferen...
2026-07-17General UpdatesPursuant to Regulation 36(1)(b) of SEBI (LODR) Regulations, 2015, the Company has sent letters to shareholders w.r.t web-link including exact path of ...
2026-07-17Shareholder meetingNotice of Annual General Meeting to be held on August 12, 2026
2026-07-14General UpdatesCommunication to shareholders w.r.t deduction of Tax at Source on Final Dividend for Financial Year ended 31st March, 2026.
2026-07-01Effect(s) on listed entity dIntimation under Regulation 30 of SEBI (LODR) Regulations, 2015.
2026-06-28LitigationIntimation under Regulation 30 of SEBI (LODR) Regulations, 2015.
2026-06-15Disclosure under SEBI TakeovBimal R. Thakkar   has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantia...
2026-06-08General UpdatesPursuant to Regulation 30 of SEBI (LODR) Regulations, 2015, please find enclosed a copy of letter dispatched to the shareholders holding shares in phy...
2026-05-22General UpdatesIntimation under Regulation 30 of SEBI (LODR) Regulations, 2015 w.r.t Communication to shareholders regarding Second 100 days campaign - Saksham Nives...
2026-05-21Concall / analyst meetPursuant to Regulation 30 of SEBI (LODR) Regulations, 2015, please find enclosed herewith Transcript of the Earnings call for Q4 & FY 2025-26.
2026-05-14Concall / analyst meetPursuant to Regulation 30 of SEBI (LODR) Regulations, 2015, please find enclosed herewith Earnings call audio link for Q4 & FY 2025-26.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
High low price variation greater than 100perc in previous 6 months

Quick answers

What is the market cap of ADF Foods Ltd?

ADF Foods Ltd (ADFFOODS) has a market capitalisation of Rs 2,949 Cr. at the 2026-10-01 close.

What is the P/E ratio of ADF Foods Ltd?

ADF Foods Ltd trades at a P/E of 30.5 on trailing twelve-month profit, at the 2026-10-01 close.

What were ADF Foods Ltd's latest quarterly results?

In the Jun 2026 quarter, ADF Foods Ltd sales was Rs 167 Cr (+25.6% vs Jun 2025) and net profit was Rs 17 Cr.

What is the 52-week high and low of ADF Foods Ltd?

The 52-week high is Rs 346.95 and the 52-week low is Rs 153.10.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03