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ADF Foods Ltd share Price Today

Company details

203.85
211.00
133.46
261.95
6M Return 8.60%
1Y Return 25.95%
Mkt Cap.(Cr) 2,263.20
Volume 292,232
Div Yield 0.49%
OI
-
OI Chg %
-
Volume 292,232

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Packaged Foods company ADF Foods announced Q1FY24 results:

  • Standalone revenue for Q1FY24 was Rs 84.6 crore registering a growth of 17.2% on a YoY basis. EBITDA stood at Rs 21.1 crore, with a margin of 24.9% - increasing by 189.3% YoY. PAT grew on a yearly basis by 121% to reach Rs 16.4 crore, at a margin of 19.3%
  • In Q1FY24, consolidated revenue grew by 15.7% to Rs 112.4 crore YoY, while EBITDA and PAT grew by 141.4% to Rs 21.9 crore and 92.7% YoY to  Rs 14.7 crore respectively
  • The company's core business of processed and preserved foods saw margin improvement on both YoY and QoQ basis. Revenue from the distribution business saw a 29% and 40% growth on a quarterly and yearly basis respectively.
  • Ashoka brand continues to grow at very high double digits. It crossed Rs 200 crore in revenue in the last financial year and has also grown well in the current quarter 
  • The company has created a large freezer capacity at its New Jersey warehouse, which will help with faster fulfilment of frozen category products in the market
  • 3 SKUs received a listing in a large discounter and 15 SKUs received a listing in a supermarket chain in the UK –  and is optimistic about their listings’ revenue potential

Commenting on the results, Bimal Thakkar, Chairman & Managing Director said, “We have delivered yet another remarkable first quarter result – posting higher revenues and improving our operational metrics year on year.

Historically we see that the quarters in the later part of the year contribute significantly to the top line; flowing subsequently to our bottom line. However, given we have achieved the run rate of last financial year in this year’s first quarter itself – it makes us very excited about our prospects for this year.

We try to consistently introduce new delectables in our product portfolio since we serve a wide palate of global consumers. This quarter saw the introduction of new products under Ashoka. We also started working on improving our capabilities towards the introduction of frozen products in the third quarter under our Truly Indian Brand.

Some of our SKUs received listing nods with a large discounter and a supermarket chain – a testament that at ADF we not only try to serve people with the authentic Indian experience when it comes to food but do so while holding ourselves to the highest standards of quality. We continue to strive harder to increase our product basket and enhance value for our shareholders with consistent performance."

 

 

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FINANCIALS

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ADF Foods Ltd Stocks COMPARISION

INSIDER & INSTITUIONAL ACTIVITY

Equity Capital: 419.24 Cr FV: 2.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 19,382.05 35,983.55
LAST 3M 58,542.74 18,995.44
LAST 6M 99,640.08 90,958.37
LAST 12M 166,983.77 138,194.89

ADF Foods Ltd Information

Stock PE (TTM)
34.88
Promoter Holding
36.29%
Book Value
40.0267
ROCE
17.56%
ROE
14.65%
Description
  • Headquartered in Mumbai, ADF Foods Limited is a globally recognised brand in the packaged food industry. ADF Foods’ current market capitalisation on the stock exchange is Rs. 1,638 crore, and it falls under the category of a small-cap company. The company was incorporated in 1992. The key promoters of the company are Kishore Thakkar and Hariram Mewawala Ramesh Thakkar. As of the December quarter of the financial year 2021-22, ADF Foods’ profit was Rs. 13.32 crore. At present, the ADF Foods shares are listed on both the National Stock Exchange and the Bombay Stock Exchange. It is traded under the script name ADFFOODS.

    ADF foods are into the business of frozen foods, meal accompaniments (sauces, pickles, chutneys), ready to eat foods, and canned food. Its product portfolio also includes cooking pastes. ADF Foods sells under the brand names Aeroplane, Nate’s, Ashoka, Camel, PJ’s Organics, and ADF Soul.

    The company's price to earnings and price to book ratios, which are 32.72 and 5.99, respectively, are much higher than the industry average. However, the company’s dividend yield of 0.38% is lower than the sector’s 1.92% dividend yield. ADF Food’s revenue and market capitalisation have increased in the last few years. The company’s EBITDA for the first three quarters of the financial year 2021-22 was Rs. 15.92, Rs. 19.50, and 20.03, respectively. Its earnings per share in the same period were Rs. 5.56, Rs. 6.24, and Rs. 6.80, respectively. In the context of the balance sheet, ADF Food’s debt-to-equity ratio and current ratio are better than the industry average. 

    On April 4, 2022, ADF Foods’ share price on NSE recorded an intraday high of Rs. 797.85. The opening price for the same day was Rs. 795. The ADF Foods share performance was quite poor on the price chart. The 52-week high of the ADF food share price on BSE was Rs. 1,049 in the last 12 months. Whereas, the 52-week low was recorded at Rs. 675. On the exchange, Avanti Feeds Ltd., KRBL Ltd., Venky's (India) Ltd., and Ruchi Soya Industries Ltd. are giving tough competition to ADF Foods’ share. 

    Disclaimer:- ICICI Securities Ltd. (I-Sec). Registered office of I-Sec is at ICICI Securities Ltd. - ICICI Venture House, Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400 025, India, Tel No : 022 - 6807 7100. I-Sec is a Member of National Stock Exchange of India Ltd (Member Code :07730), BSE Ltd (Member Code :103) and Member of Multi Commodity Exchange of India Ltd. (Member Code: 56250) and having SEBI registration no. INZ000183631. Name of the Compliance officer (broking): Mr. Anoop Goyal, Contact number: 022-40701000, E-mail address: complianceofficer@icicisecurities.com. Investment in securities market are subject to market risks, read all the related documents carefully before investing. The contents herein above shall not be considered as an invitation or persuasion to trade or invest.  I-Sec and affiliates accept no liabilities for any loss or damage of any kind arising out of any actions taken in reliance thereon. The contents herein above are solely for informational purpose and may not be used or considered as an offer document or solicitation of offer to buy or sell or subscribe for securities or other financial instruments or any other product. Investors should consult their financial advisers whether the product is suitable for them before taking any decision. The contents herein mentioned are solely for informational and educational purpose.

Registered Address

83/86 GIDC Industrial Estate, , Nadiad, Gujarat, 387001

Tel : 91-0268-2551381/2
Email : nadiadfactory:adf-foods.com
Website : http://www.adf-foods.com
Registrar

Link Intime India Pvt Ltd

AGM Date (Month) : Aug
Face Value Equity Shares : 2
Market Lot Equity Shares : 1
BSE Code : 519183
NSE Code : ADFFOODS
Book Closure Date (Month) :
BSE Group : B
ISIN : INE982B01027

FAQ’s on ADF Foods Ltd Shares

You can buy ADF Foods Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy ADF Foods Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Dec 08, 2023 03:54 PM the closing price of ADF Foods Ltd was ₹ 206.00.

Market capitalization or market cap is determined by multiplying the current market price of a company’s shares with the total number of shares outstanding. As of Dec 08, 2023 03:54 PM, the market cap of ADF Foods Ltd stood at ₹ 2,263.20.

The latest PE ratio of ADF Foods Ltd as of Dec 08, 2023 03:54 PM is 34.88

The latest PB ratio of ADF Foods Ltd as of Dec 08, 2023 03:54 PM is 0.19

The 52-week high of ADF Foods Ltd is ₹ 261.95 while the 52-week low is ₹ 133.46

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