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ADF Foods Ltd share Price Today

Company details

187.05
190.55
143.40
261.95
6M Return -24.16%
1Y Return 29.87%
Mkt Cap.(Cr) 2,071.49
Volume 61,900
Div Yield 0.54%
OI
-
OI Chg %
-
Volume 61,900

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Packaged Foods company ADF Foods announced Q3FY24 & 9MFY24 results:

Financial Highlights

  • Standalone Revenue for the quarter was Rs 103.2 crore registering a growth of 3.5% on a YoY basis. EBITDA stood at Rs 26.4 crore, with a margin of 25.6%. PAT grew on a yearly basis by 5.4% to reach Rs 20.3 crore at a margin of 19.6%
  • In Q3FY24, on a consolidated basis revenue grew by 5.2% YoY to Rs 129.7 crore. EBITDA stood at Rs 27.0 crore, with a margin of 20.8%. PAT grew on a yearly basis by 3.0% to reach Rs 19.1 crore at a margin of 14.7%
  • For 9MFY24, standalone and consolidated revenue registered a growth of 11.8% YoY and 12.1% YoY to Rs 285.2 crore and Rs 366.7 crore respectively. Standalone and consolidated PAT increased by 36.8% and 22.6% YoY to Rs 54.3 crore and Rs 48.8 crore respectively

Operational Highlights

  • Further investment of Rs 13 crore in Optionally Convertible Redeemable Preference Shares ("OCRPS") of Telluric Foods (India) Limited was approved to support its brand building and working capital requirements.
  • The transfer of ADF's entire equity investment in ADF Foods (India) Limited to Telluric Foods Limited was approved at fair market value to be determined.
  • An in-principle approval for the merger between subsidiaries ADF Foods (India) Limited and Telluric Foods Limited was granted for achieving merger synergies.
  • New product launches across various categories including frozen desserts and Indo-Chinese sauces under the 'Ashoka' brand were accomplished.

Commenting on the Results, Bimal Thakkar – Chairman & Managing Director said, “We recorded satisfactory growth and healthy margins over the past nine months as we focused on brand building and investing in profitable products. Our Q3 revenue growth could have been better however, the Red Sea crisis impacted sales shipments towards the quarter's end.

We initiated several new plans to accelerate our long-term growth. The Board approval for investment in Telluric Foods (India) Limited will enable us to accelerate our India business growth. Further the merger of our subsidiaries ADF Foods (India) Limited and Telluric Foods Limited will enable us to achieve substantial synergies including efficient capital utilization, flexibility in business operations, and cost rationalization.

We continue to witness strong demand for our products and in order to support the same, we launched several new products under our flagship ‘Ashoka’ brand. Overall we expect all the above initiatives to herald in a new era of growth for your Company.”

Result PDF

View Other Company Results

ADF Foods Ltd shares SWOT Analysis

Strengths (5)

  • Growth in Net Profit with increasing Profit Margin (QoQ)
  • Company with No Debt
  • Increasing Revenue every quarter for the past 2 quarters

Weakness (4)

  • Promoters increased pledged shares QoQ
  • Inefficient use of shareholder funds - ROE declining in the last 2 years
  • Declining Net Cash Flow : Companies not able to generate net cash

Opportunity (0)

Data not found

Threats (2)

  • Companies with growing costs YoY for long term projects
  • Increasing Trend in Non-Core Income

Resistance and support

R1 190.4
R2 192.2
R3 193.9
Pivot

188.72

S1 186.9
S2 185.2
S3 183.4
EMA SMA
190.8
194.1
198.3
197.5
190.0
193.9
198.6
209.4
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
RELIANCE COMMERCIAL FINANCE LIMITED Bulk Purchase 2024-02-29 190 690485 NSE
TOP CLASS CAPITAL MARKETS PRIVATE LIMITED Bulk Sell 2024-02-29 191.31 860000 NSE
RELIANCE COMMERCIAL FINANCE LIMITED Bulk Purchase 2024-01-18 192.32 550000 BSE
Name Category Shares
Mahalaxmi Ramesh Thakkar PROMOTER 8.8%
Parul Bimal Thakkar PROMOTER 4.94%
Bimal R Thakkar HUF (Bimal Thakkar, Karta) PROMOTER 2.71%
Shivaan Bimal Thakkar PROMOTER 2.63%
Sumer Bimal Thakkar PROMOTER 2.63%
Krish Bhavesh Thakkar PROMOTER 1.34%
H J Thakkar Property Investment Limited PROMOTER 2.82%
Bimal Ramesh Thakkar PROMOTER 10.37%

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
PE
Debt/Equity
P BV

ADF Foods Ltd Stocks COMPARISON

Financials( in Cr) ADF Foods Ltd Hindustan Unilever Ltd Varun Beverages Ltd Godrej Consumer Products Ltd Britannia Industries Ltd
Price 188.55 2,214.80 1,397.95 1,162.75 4,695.00
% Change 0.59 -0.27 -0.43 -1.23 -0.96
Mcap Cr 2,071.49 520,387.41 181,650.18 118,928.40 113,087.53
Revenue TTM Cr 450.28 60,580.00 16,042.58 13,315.97 16,300.55
Net Profit TTM Cr 55.85 10,143.00 2,101.81 1,702.46 2,316.32
PE TTM 31.39 50.47 85.62 63.56 52.30
1 Year Return 29.87 -13.21 92.54 19.29 8.21
ROCE 17.56 24.88 27.83 16.35 48.18
ROE 14.65 20.42 34.92 13.43 66.62
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 419.24 Cr FV: 2.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 24,721.64 -7,659.83
LAST 3M 80,167.53 39,149.62
LAST 6M 140,394.95 70,735.56
LAST 12M 215,454.79 197,509.84

ADF Foods Ltd Information

Stock PE (TTM)
31.39
Promoter Holding
36.42%
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 : co_secretary:adf-foods.com; nadiadfactory:adf-food
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) : Aug
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 Apr 18, 2024 03:59 PM the closing price of ADF Foods Ltd was ₹ 188.55.

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 Apr 18, 2024 03:59 PM, the market cap of ADF Foods Ltd stood at ₹ 2,071.49.

The latest PE ratio of ADF Foods Ltd as of Apr 18, 2024 03:59 PM is 31.39

The latest PB ratio of ADF Foods Ltd as of Apr 18, 2024 03:59 PM is 0.21

The 52-week high of ADF Foods Ltd share price is ₹ 261.95 while the 52-week low is ₹ 143.40

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