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ADF Foods Limited (ADFFOODS.NS)

INR305.00 -7.55 (-2.42%)
IN NSE Consumer Defensive Packaged Foods
Address Marathon Innova B2 - G01 400013
Mumbai, IN
CEO Bimal Ramesh Thakkar
IPO 2010-09-15
ISIN INE982B01027

Explore sections of this company profile

Also trades on Bombay Stock Exchange · ADFFOODS.BO (INR) National Stock Exchange of India · ADFFOODS.NS (INR)
Description

Based in Mumbai, India, ADF Foods Limited is a prominent producer and distributor of a diverse array of food products. Established in 1932, the company's operations are strategically divided into two core segments: Process and Preserved Food, and Agency Distribution Business. Its extensive product portfolio caters to diverse culinary needs, featuring a wide selection of frozen items (including snacks, vegetables, and complete meals), and convenient ready-to-eat and ready-to-cook options (such as burritos). The company also manufactures an array of meal accompaniments like pickles, chutneys, and papads, along with condiment pastes, cooking sauces, and spices. Other offerings include breads, baked snacks, milk and flavored drinks, and specialized fruit products like mango pulps and slices. Leveraging its Agency Distribution Business segment, ADF Foods also undertakes the distribution of third-party products, including tea, coffee, soups, and various other food items. These products are marketed under well-known brands such as Ashoka, Truly Indian, Camel, Aeroplane, ADF Soul, Khansaama, Nate's, and PJ's Organics. ADF Foods has a significant international presence, exporting its goods to markets across North America, Europe, the Middle East, Asia-Pacific, and the United Kingdom.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
INR305.00 -7.55 (-2.42%)
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Volume Profile
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Liquidity & share structure
Average Volume
648.7K
Beta
0.52
Float Shares
26.30M
Free Float %
23.9%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
+1.91% -10.28% +18.60% +17.75% +26.10% +31.97% +16.07% +62.09% +35.35% +1,438.88% +1,606.72%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
305.00
DCF (Unlevered) 148.27 -51.4%
DCF (Levered) 106.70 -65.0%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 0% Bullish
Rating 2026-05 Change
Strong Buy 0 0
Buy 0 0
Hold 1 0
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
11.64
Safe zone
Piotroski F-Score
3 / 9
Average
MOAT Score
6 / 10
Developing
Composite Rating
C-
Overall Score
1 / 5
Low
DCF Score
2 / 5
Medium
ROE Score
1 / 5
Low
ROA Score
1 / 5
Low
D/E Score
1 / 5
Low
P/E Score
2 / 5
Medium
P/Book Score
1 / 5
Low
Operational MOAT
✓ MOAT relativo
  • Revenue growth Packaged Foods: +4.4%
    +15.9% Q1'26: +22.0% (vs Q1'25)
  • EPS growth Packaged Foods: +14.6%
    +30.0% Q1'26: +57.3% (vs Q1'25)
  • FCF margin FCF growth · Packaged Foods: +15.9%
    +5.7% Q1'26: -9.2% (vs Q1'25)
  • EBIT margin Packaged Foods: +7.9%
    +16.0% Q1'26: +14.5% (vs Q1'25)
  • ROIC Packaged Foods: +7.0%
    +15.2% Q1'26: +15.0% (vs Q1'25)
  • Share dilution Packaged Foods: +0.0%
    -0.1% Q1'26: +0.2% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Packaged Foods: 0.19×
    0.42× Q1'26: 0.40× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.76) × ERP
WACC = 98% × Ke + 2% × Kd (4.9%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 112.79 Current price: 305.00
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Mar 1996
actual
Mar 2015
actual
Mar 2016
actual
Mar 2017
actual
Mar 2018
actual
Mar 2019
actual
Mar 2020
actual
Mar 2021
actual
Mar 2022
actual
Mar 2023
actual
Mar 2024
actual
Mar 2025
actual
Mar 2026
1 Rev. Ana.
1 EPS Ana.
Mar 2027
1 Rev. Ana.
1 EPS Ana.
Revenue
574.49M
est.
2.04B
est: 1.50B (+36.1%)
2.09B
est: 1.66B (+25.8%)
2.02B
est: 2.26B (-10.8%)
2.01B
est: 2.22B (-9.7%)
2.31B
est: 2.42B (-4.2%)
2.73B
est: 2.70B (+1.1%)
3.61B
est: 3.05B (+18.4%)
4.06B
est: 3.47B (+16.8%)
4.44B
est: 4.58B (-2.9%)
5.01B
est: 5.18B (-3.3%)
5.90B
est: 6.15B (-4.1%)
6.62B
6.62B – 6.62B
+7.6% YoY
7.61B
7.61B – 7.61B
+15.0% YoY
EBITDA
114.52M
est.
159.10M
est: 298.46M (-46.7%)
197.16M
est: 331.29M (-40.5%)
282.42M
est: 450.26M (-37.3%)
400.29M
est: 443.49M (-9.7%)
429.15M
est: 481.60M (-10.9%)
618.49M
est: 537.98M (+15.0%)
737.64M
est: 608.60M (+21.2%)
760.27M
est: 692.53M (+9.8%)
918.51M
est: 929.53M (-1.2%)
1.16B
est: 1.03B (+12.4%)
983.62M
est: 1.23B (-19.8%)
1.32B
1.32B – 1.32B
+7.6% YoY
1.52B
1.52B – 1.52B
+15.0% YoY
EBIT
99.39M
est.
123.16M
est: 259.03M (-52.5%)
115.10M
est: 287.52M (-60.0%)
230.21M
est: 390.77M (-41.1%)
331.89M
est: 384.89M (-13.8%)
386.03M
est: 417.97M (-7.6%)
563.22M
est: 466.90M (+20.6%)
678.74M
est: 528.19M (+28.5%)
669.45M
est: 601.03M (+11.4%)
781.15M
est: 481.43M (+62.3%)
999.77M
est: 895.57M (+11.6%)
801.13M
est: 1.06B (-24.7%)
1.14B
1.14B – 1.14B
+7.6% YoY
1.32B
1.32B – 1.32B
+15.0% YoY
Net Income
124.55M
est.
88.37M
est: 150.82M (-41.4%)
66.07M
est: 156.10M (-57.7%)
108.42M
est: 134.11M (-19.2%)
180.73M
est: 163.76M (+10.4%)
253.35M
est: 298.57M (-15.1%)
427.75M
est: 434.22M (-1.5%)
500.69M
est: 532.06M (-5.9%)
480.98M
est: 613.41M (-21.6%)
560.99M
est: 589.64M (-4.9%)
752.86M
est: 764.01M (-1.5%)
692.56M
est: 956.39M (-27.6%)
1.17B
1.17B – 1.17B
+21.8% YoY
1.18B
1.18B – 1.18B
+0.9% YoY
SGA
84.71M
est.
384.07M
est: 220.76M (+74.0%)
264.78M
est: 245.05M (+8.1%)
206.56M
est: 333.04M (-38.0%)
322.00M
est: 328.03M (-1.8%)
375.13M
est: 356.22M (+5.3%)
460.86M
est: 397.92M (+15.8%)
277.33M
est: 450.16M (-38.4%)
955.72M
est: 512.24M (+86.6%)
899.81M
est: 783.69M (+14.8%)
587.58M
est: 763.27M (-23.0%)
619.67M
est: 906.67M (-31.7%)
975.38M
975.38M – 975.38M
+7.6% YoY
1.12B
1.12B – 1.12B
+15.0% YoY
EPS
1.13
est.
4.02
est: 1.37 (+193.0%)
3.00
est: 1.42 (+111.3%)
6.88
est: 1.22 (+463.9%)
8.52
est: 1.23 (+591.6%)
2.31
est: 2.72 (-14.9%)
4.27
est: 3.95 (+8.1%)
5.00
est: 4.84 (+3.3%)
4.79
est: 5.58 (-14.2%)
5.12
est: 5.44 (-5.8%)
6.85
est: 6.95 (-1.4%)
6.30
est: 8.70 (-27.6%)
10.60
10.60 – 10.60
+21.8% YoY
10.70
10.70 – 10.70
+0.9% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-19 C- 1/5 2/5 1/5 1/5 1/5 2/5 1/5
2026-05-18 C- 1/5 3/5 1/5 1/5 1/5 2/5 1/5
2026-05-15 C- 1/5 3/5 1/5 1/5 1/5 2/5 1/5
2026-05-14 C- 1/5 3/5 1/5 1/5 1/5 2/5 1/5
2026-05-13 C- 1/5 3/5 1/5 1/5 1/5 2/5 1/5
2026-05-12 C- 1/5 3/5 1/5 1/5 1/5 2/5 1/5
2026-05-11 C- 1/5 3/5 1/5 1/5 1/5 2/5 1/5
2026-05-08 C- 1/5 3/5 1/5 1/5 1/5 2/5 1/5
2026-05-07 C 2/5 4/5 1/5 1/5 1/5 2/5 1/5
2026-05-06 C 2/5 4/5 1/5 1/5 1/5 2/5 1/5
2026-05-05 C 2/5 4/5 1/5 1/5 1/5 2/5 1/5
2026-05-04 C 2/5 4/5 1/5 1/5 1/5 2/5 1/5
2026-04-30 C 2/5 4/5 1/5 1/5 1/5 2/5 1/5
2026-04-29 C 2/5 4/5 1/5 1/5 1/5 2/5 1/5
2026-04-28 C 2/5 4/5 1/5 1/5 1/5 2/5 1/5
2026-04-27 C 2/5 4/5 1/5 1/5 1/5 2/5 1/5
2026-04-24 C 2/5 4/5 1/5 1/5 1/5 2/5 1/5
2026-04-23 C 2/5 4/5 1/5 1/5 1/5 2/5 1/5
2026-04-22 C 2/5 4/5 1/5 1/5 1/5 2/5 1/5
2026-04-21 C 2/5 4/5 1/5 1/5 1/5 2/5 1/5
2026-04-20 C 2/5 5/5 1/5 1/5 1/5 2/5 1/5
2026-04-17 C 2/5 5/5 1/5 1/5 1/5 2/5 1/5
2026-04-16 C 2/5 5/5 1/5 1/5 1/5 2/5 1/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
121.09M
OE per share TTM
1.10
Owner's Yield
0.41%
Maintenance CapEx ratio
20.85%
Maint CapEx / Avg PPE
28.2%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock

This company is not held by any ETF in our universe.

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
3.09M
Shares Outstanding
109.86M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Bimal Ramesh Thakkar Executive Chairman, MD & Chief Executive Officer 46M male
Arjuun Guuha Director of Operations & Additional Whole Time Director 10M male
Maneck Katpitia Vice President of International Operations & Supply Chain male
Masud Sethi Country Manager of Canada male
Purvi Dwivedi General Manager of Accounts female
Shalaka Ovalekar Company Secretary, Compliance Officer & Vice President of Legal female
Shivaan R. Thakkar President of USA Business male
Srinivas Ayyagari Chief Financial Officer male
Sumer Bimal Thakkar General Manager of Sales and Strategy male
Upinder Thakur Country Manager of UK male
Deepak Madan Nachane Head of Purchase & GM of Purchase male
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits