ADF Foods

Who are the top shareholders of the ADF Foods?

The top shareholders of ADF Foods include promoters, with Bimal Ramesh Thakkar holding 13.08%, and public investors, led by Authum Investment And Infrastructure Limited at 14.83%. Individual investors own 18.16%, while Foreign Institutional Investors hold 9.85%, with no pledged promoter holdings reported.

The top shareholders of ADF Foods include a mix of promoters and public investors. The majority of the shares are held by promoters, with Bimal Ramesh Thakkar being the promoter with the highest holding at 13.08%. In terms of public shareholders, Authum Investment And Infrastructure Limited holds the largest stake at 14.83%. Additionally, individual investors collectively own 18.16% of the shares. Foreign Institutional Investors (FIIs) also have a presence, holding 9.85% through 32 different entities. There are no pledged promoter holdings reported.

Who are in the management team of ADF Foods?

As of March 2023, the management team of ADF Foods includes Bimal R Thakkar (Chairman & MD & CEO), Viren A Merchant, Ravinder Kumar Jain, Shalaka Ovalekar (Company Secretary), Jay M Mehta, Chandir G Gidwani, and Deepa Misra Harris, who serve in various key roles.

As of March 2023, the management team of ADF Foods includes:<BR><BR>1. Bimal R Thakkar - Chairman & MD & CEO<BR>2. Viren A Merchant - Independent Director<BR>3. Ravinder Kumar Jain - Independent Director<BR>4. Shalaka Ovalekar - Company Secretary & Compliance Officer<BR>5. Jay M Mehta - Director<BR>6. Chandir G Gidwani - Independent Director<BR>7. Deepa Misra Harris - Independent Director<BR><BR>These individuals play key roles in the governance and management of the company.

Has ADF Foods declared dividend?

ADF Foods Ltd has declared a 30% dividend, amounting to 0.6 per share, with an ex-date of November 6, 2024. Total returns over the past five years reached 369.41%, reflecting strong performance despite mixed results in shorter periods.

ADF Foods Ltd has declared a 30% dividend.<BR><BR>Dividend Details:<BR>- Percentage announced: 30%<BR>- Amount per share: 0.6<BR>- Ex-date: 06 Nov 24<BR><BR>Dividend Yield: 0.69%.<BR><BR>Total Returns by Period:<BR>In the last 6 months, the price return was -21.86%, with no dividend return, resulting in a total return of -21.86%.<BR><BR>Over the past year, the price return was 18.91%, with a dividend return of 0.80%, leading to a total return of 19.71%.<BR><BR>In the 2-year period, the price return was 31.79%, with a dividend return of 5.68%, culminating in a total return of 37.47%.<BR><BR>For the 3-year period, the price return was 65.96%, with a dividend return of 11.12%, resulting in a total return of 77.08%.<BR><BR>In the last 4 years, the price return was 27.42%, with a dividend return of 9.62%, leading to a total return of 37.04%.<BR><BR>Finally, over the past 5 years, the price return was 339.49%, with a dividend return of 29.92%, resulting in a total return of 369.41%.<BR><BR>Overall, ADF Foods has declared a significant dividend, and the total returns over various periods show a mix of performance, with particularly strong returns over the longer 5-year horizon.

Who are the peers of the ADF Foods?

ADF Foods' peers include Hind. Unilever, ITC, Nestle India, Britannia Inds., and others. ADF Foods has an average management risk and a 1-year return of 26.59%, outperforming most peers.

Peers: The peers of ADF Foods are Hind. Unilever, ITC, Nestle India, Britannia Inds., Godrej Consumer, Parag Milk Foods, Bajaj Consumer, Venky's (India), Eveready Inds., and HMA Agro Inds.<BR><BR>Quality Snapshot: Excellent management risk is observed at ITC, Nestle India, Britannia Inds., and Bajaj Consumer, while Good management risk is found at Hind. Unilever and Godrej Consumer. Average management risk is present at ADF Foods, Parag Milk Foods, Venky's (India), and HMA Agro Inds. Below Average growth is noted for Hind. Unilever, ITC, Britannia Inds., Godrej Consumer, ADF Foods, Parag Milk Foods, Bajaj Consumer, and Eveready Inds., while Average growth is seen at Nestle India and Good growth is observed at Venky's (India). Excellent capital structure is noted for Hind. Unilever, ITC, Nestle India, Britannia Inds., Godrej Consumer, ADF Foods, and Bajaj Consumer, while Below Average capital structure is found at Parag Milk Foods and HMA Agro Inds., and Average capital structure is noted at Eveready Inds.<BR><BR>Return Snapshot: ADF Foods has a 1-year return of 26.59%, which is higher than the peer with the highest return, Britannia Inds. at 7.56%, and significantly higher than the peer with the lowest return, HMA Agro Inds. at -28.09%. Additionally, the peers with negative six-month returns include ADF Foods, Bajaj Consumer, Eveready Inds., and HMA Agro Inds.

What does ADF Foods do?

ADF Foods Ltd is a small-cap FMCG company specializing in the production and export of food products, with net sales of 1,591 Cr and a net profit of 164 Cr for the quarter ending March 2025. The company has a market cap of INR 2,932 Cr and key metrics include a P/E ratio of 44.00 and a dividend yield of 0.68%.

Overview:<BR>ADF Foods Ltd is a small-cap company operating in the FMCG industry, specializing in the production and export of food products.<BR><BR>History:<BR>Incorporated on August 27, 1990, ADF Foods Ltd (formerly known as American Dry Fruits Limited) went public in October 1991. The latest quarterly results reported net sales and profit for the period ending March 2025.<BR><BR>Financial Snapshot:<BR>- Net Sales: 1,591 Cr (Quarterly Results - Mar 2025)<BR>- Net Profit: 164 Cr (Quarterly Results - Mar 2025)<BR>- Market Cap: INR 2,932 Cr (Small Cap)<BR><BR>Key Metrics:<BR>- P/E: 44.00<BR>- Industry P/E: 56<BR>- Dividend Yield: 0.68%<BR>- Debt Equity: -0.22<BR>- Return on Equity: 14.19%<BR>- Price to Book: 5.93<BR><BR>Contact Details:<BR>Address: 83/86 GIDC Industrial Estate, Nadiad Gujarat: 387001<BR>Tel: 91-0268-2551381/2<BR>Email: nadiadfactory@adf-foods.com<BR>Website: http://www.adf-foods.com

How big is ADF Foods?

As of 24th July, ADF Foods Ltd has a market capitalization of 3,021.00 Cr, with net sales of 589.57 Cr and a net profit of 69.91 Cr over the latest four quarters. The company has shareholder's funds of 492.66 Cr and total assets of 618.26 Cr.

As of 24th July, ADF Foods Ltd has a market capitalization of 3,021.00 Cr, categorizing it as a Small Cap company.<BR><BR>In the latest four quarters, ADF Foods reported net sales of 589.57 Cr and a net profit of 69.91 Cr.<BR><BR>For the latest annual period, the company has shareholder's funds amounting to 492.66 Cr and total assets of 618.26 Cr.

How has been the historical performance of ADF Foods?

ADF Foods has shown consistent growth in net sales and profits from INR 231.44 crore in March 2019 to INR 589.58 crore in March 2025, despite fluctuations in margins and a decline in earnings per share. Total assets and liabilities increased proportionally, while cash flow from operating activities decreased, indicating challenges in cash flow management.

Answer:<BR>The historical performance of ADF Foods shows a consistent growth trajectory in net sales and profits over the years, with some fluctuations in margins and expenses.<BR><BR>Breakdown:<BR>ADF Foods has demonstrated a steady increase in net sales from INR 231.44 crore in March 2019 to INR 589.58 crore in March 2025. The total operating income followed a similar trend, rising from INR 231.44 crore to INR 589.58 crore over the same period. However, the raw material costs have also increased significantly, from INR 89.33 crore in March 2019 to INR 192.21 crore in March 2025. Operating profit (PBDIT) has shown growth, peaking at INR 116.00 crore in March 2024 before slightly declining to INR 112.42 crore in March 2025. Profit before tax reached INR 91.60 crore in March 2025, while profit after tax was recorded at INR 69.26 crore. The earnings per share (EPS) fluctuated, with a notable decrease from INR 22.94 in March 2022 to INR 6.30 in March 2025. Total assets increased from INR 264.32 crore in March 2020 to INR 618.26 crore in March 2025, reflecting growth in both current and non-current assets. Total liabilities also rose, from INR 264.32 crore to INR 618.26 crore, indicating a proportional increase in the company's financial obligations. Cash flow from operating activities decreased from INR 69.00 crore in March 2024 to INR 37.00 crore in March 2025, contributing to a net cash outflow of INR 22.00 crore in March 2025. Overall, ADF Foods has shown resilience and growth in its financial performance, despite facing challenges in profit margins and cash flow management.

Is ADF Foods overvalued or undervalued?

As of November 17, 2025, ADF Foods is considered undervalued with an attractive valuation grade, featuring a PE Ratio of 31.43 and strong long-term growth potential, despite a recent year-to-date return of -25.54%.

As of 17 November 2025, ADF Foods has moved from a fair to an attractive valuation grade, indicating a positive shift in its market perception. The company is currently considered undervalued, especially when compared to its peers in the FMCG sector. Key financial ratios include a PE Ratio of 31.43, an EV to EBITDA of 21.11, and a ROCE of 20.49%. <BR><BR>In comparison to its peers, ADF Foods' valuation appears favorable; for instance, Hindustan Unilever has a PE Ratio of 53.89, while Nestle India stands at 81.88. Despite recent underperformance in the short term, with a year-to-date return of -25.54% compared to the Sensex's 8.72%, ADF Foods shows strong long-term growth potential, evidenced by a remarkable 139.12% return over the past five years.

Is ADF Foods technically bullish or bearish?

As of November 28, 2025, the market trend is mildly bearish, indicated by a mix of mildly bullish MACD on the weekly chart and bearish signals from daily moving averages and Bollinger Bands, despite some strength in the OBV.

As of 28 November 2025, the technical trend has changed from bearish to mildly bearish. The current technical stance is mildly bearish. Key indicators include a mildly bullish MACD on the weekly chart, but a bearish daily moving average and bearish signals from Bollinger Bands and KST on both weekly and monthly time frames. The Dow Theory also indicates a mildly bearish stance. Despite some strength in the OBV on the weekly and monthly levels, the overall sentiment remains cautious due to the prevailing bearish indicators.

When is the next results date for ADF Foods Ltd?

The next results date for ADF Foods Ltd is 03 February 2026.

The next results date for ADF Foods Ltd is scheduled for 03 February 2026.

Are ADF Foods Ltd latest results good or bad?

ADF Foods Ltd's latest results show strong revenue growth of 17.47% quarter-on-quarter, reaching ₹191.01 crores, but profitability has declined, with net profit down 15.20% from the previous quarter and margins contracting, indicating challenges in cost management. Investors should be cautious due to these profitability concerns despite the impressive revenue figures.

ADF Foods Ltd's latest results present a mixed picture. On one hand, the company achieved record revenue of ₹191.01 crores in Q3 FY26, reflecting a strong growth of 17.47% quarter-on-quarter and 29.51% year-on-year. This indicates robust demand for its products and a successful top-line expansion.<BR><BR>However, the profitability metrics show significant concern. The net profit fell to ₹22.38 crores, a decline of 15.20% compared to the previous quarter, despite a year-on-year increase of 19.30%. Additionally, both operating margins and PAT margins contracted sharply, indicating challenges in maintaining profitability amidst rising costs or operational inefficiencies. The operating margin decreased to 19.41%, down 258 basis points from the previous quarter, while the PAT margin fell to 11.72%, down 451 basis points.<BR><BR>Overall, while the revenue growth is impressive, the decline in profitability raises questions about the company's operational efficiency and cost management. This divergence suggests that the results are not entirely positive, as the company faces significant challenges in translating revenue growth into profit. Investors may need to approach with caution, considering the operational headwinds alongside the strong revenue figures.

Should I buy, sell or hold ADF Foods Ltd?

Which are the latest news on ADF Foods?

Why is ADF Foods Ltd falling/rising?

As of 17-Mar, ADF Foods Ltd's stock price is rising to Rs 181.50, but it has underperformed over the past year with a return of -20.39%. Despite today's gains, the long-term outlook remains weak due to declining investor interest and poor growth rates.

As of 17-Mar, ADF Foods Ltd's stock price is rising, currently at Rs 181.50, reflecting an increase of Rs 1.95 or 1.09%. This upward movement follows a trend reversal after three consecutive days of decline. The stock has outperformed its sector by 1.48% today and reached an intraday high of Rs 183.25, marking a 2.06% increase.<BR><BR>Despite this positive performance today, the stock has faced challenges in the longer term. Over the past year, it has generated a return of -20.39%, significantly underperforming the Sensex, which has risen by 2.56%. Additionally, ADF Foods has shown a decline of 18.66% over the past month and 3.33% over the past week, indicating a broader trend of falling prices.<BR><BR>The stock is currently trading below its moving averages across various time frames, which suggests a bearish trend. Furthermore, there has been a notable decrease in investor participation, with delivery volume dropping by 28.54% against the 5-day average. <BR><BR>On a positive note, the company reported strong quarterly results with net sales growing by 26.9% compared to the previous four-quarter average, and it has a low debt-to-equity ratio, which may attract some investors. However, the overall long-term growth outlook remains poor, with net sales and operating profit growing at annual rates of only 13.09% and 11.95%, respectively, over the last five years. <BR><BR>In summary, while ADF Foods Ltd is experiencing a rise in stock price today, the longer-term performance and declining investor interest suggest a complex situation for the stock.

Why is ADF Foods Ltd falling/rising?

As of 18-Mar, ADF Foods Ltd's stock price is rising to 184.95, up 2.52%. This increase is driven by strong recent performance, heightened investor interest, and positive financial results, despite a poor long-term return.

As of 18-Mar, ADF Foods Ltd's stock price is rising, currently at 184.95, reflecting a change of 4.55 (2.52%) upward. This increase can be attributed to several factors. Firstly, the stock has outperformed its sector by 2.45% today and has shown a consecutive gain over the last two days, with a total return of 3.01% during this period. Additionally, the stock reached an intraday high of Rs 186.9, marking a rise of 3.6%.<BR><BR>Investor participation has also increased, with delivery volume on 17 March rising by 76.57% compared to the 5-day average, indicating growing interest in the stock. Furthermore, ADF Foods Ltd has reported positive financial results, with net sales reaching their highest at Rs 191.01 crore and a notable increase in profits. The company maintains a low debt-to-equity ratio and has high institutional holdings at 34.42%, suggesting confidence from larger investors.<BR><BR>Despite the stock's poor long-term performance, with a -20.52% return over the past year, the recent positive indicators and rising investor interest have contributed to the current upward movement in its stock price.

Why is ADF Foods Ltd falling/rising?

As of 19-Mar, ADF Foods Ltd's stock price is Rs 178.75, down 3.09%, and has underperformed the sector. The stock is in a bearish trend, trading below key moving averages, with a significant decline in investor participation and a 26.14% drop over the past year.

As of 19-Mar, ADF Foods Ltd is experiencing a decline in its stock price, currently at Rs 178.75, which reflects a change of -5.7 (-3.09%). The stock has underperformed the sector by 0.31% today and has fallen after two consecutive days of gains. It touched an intraday low of Rs 176.8, marking a decrease of 4.15%. <BR><BR>The stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Additionally, there has been a significant drop in investor participation, with delivery volume on March 18 falling by 41.58% compared to the 5-day average. The broader FMCG sector has also declined by 2.65%, contributing to the negative sentiment surrounding ADF Foods.<BR><BR>In terms of performance over various periods, the stock has shown a substantial decline of 26.14% over the past year and 21.60% over the past month, significantly underperforming the Sensex, which has decreased by only 10.05% in the same timeframe. While the company has reported positive quarterly results, including the highest net sales and operating profit, the long-term growth outlook remains poor, with net sales growing at an annual rate of only 13.09% over the last five years. This underperformance, combined with the recent price movements and market conditions, is driving the stock price lower.

Why is ADF Foods Ltd falling/rising?

As of 20-Mar, ADF Foods Ltd's stock price is Rs 175.75, reflecting a 0.96% decrease and a significant decline over various periods. The stock is underperforming its sector, trading near its 52-week low, with reduced investor interest and weak long-term growth prospects.

As of 20-Mar, ADF Foods Ltd's stock price is falling, currently at Rs 175.75, which reflects a decrease of Rs 1.7 or 0.96%. The stock has been on a downward trend, having lost 4.72% over the last two days. Additionally, it is trading close to its 52-week low, just 3.95% above Rs 168.8. <BR><BR>In terms of performance, ADF Foods has underperformed its sector by 1.19% today and has shown significant declines over various periods, including a 22.53% drop over the past month and a 27.63% decline over the past year. The stock is also trading below its moving averages across multiple time frames, indicating a bearish trend.<BR><BR>Investor participation has decreased, with delivery volume falling by 44.83% compared to the 5-day average, suggesting reduced interest from investors. Furthermore, while the company has reported positive quarterly results, including a 26.9% growth in net sales, its long-term growth prospects appear weak, with net sales growing at an annual rate of only 13.09% over the last five years. This combination of poor short-term performance, declining investor interest, and lackluster long-term growth prospects contributes to the stock's current decline.

Why is ADF Foods Ltd falling/rising?

As of 23-Mar, ADF Foods Ltd's stock price is at Rs. 164.00, down 5.96% and hitting a new 52-week low. The stock has underperformed the sector and shows a bearish trend, with significant declines over the past month and year, leading to diminished investor confidence.

As of 23-Mar, ADF Foods Ltd's stock price is falling, currently at Rs. 164.00, which represents a decrease of Rs. 10.4 or 5.96%. The stock has been on a downward trend, having lost 11.09% over the last three days and hitting a new 52-week low of Rs. 161.35 today. This decline is reflected in its performance metrics, with the stock underperforming the sector by 3.8% today and showing significant losses over various periods, including a 28.01% drop over the past month and a 33.52% decline over the past year.<BR><BR>Additionally, ADF Foods is trading below its moving averages across multiple time frames, indicating a bearish trend. The broader FMCG sector has also experienced a decline of 2.14%, contributing to the negative sentiment surrounding the stock. Despite some positive financial indicators, such as an increase in net sales and profits, the overall long-term growth prospects appear weak, with a low annual growth rate in net sales and operating profit over the past five years. This combination of factors has led to a lack of investor confidence, resulting in the stock's current downward trajectory.

Why is ADF Foods Ltd falling/rising?

As of 24-Mar, ADF Foods Ltd's stock price is rising to Rs. 164.75, reflecting increased investor interest after a trend reversal. However, the long-term outlook is concerning due to a -35.78% return over the past year and underperformance against benchmarks.

As of 24-Mar, ADF Foods Ltd's stock price is rising, currently at Rs. 164.75, reflecting an increase of Rs. 2.4 or 1.48%. This rise follows a trend reversal after three consecutive days of decline. The stock reached an intraday high of Rs. 168.5, indicating a daily performance inline with its sector. Additionally, there has been a notable increase in investor participation, with delivery volume rising by 226.22% compared to the 5-day average, suggesting heightened interest from investors.<BR><BR>Despite the positive movement today, the stock has faced significant challenges over the longer term. It has generated a return of -35.78% over the past year and has underperformed against the BSE500 index in various time frames. The stock is currently trading below all its moving averages, indicating a bearish trend in the longer term. Furthermore, while the company has shown positive quarterly results, including record net sales and profits, its long-term growth rates for net sales and operating profit have been relatively low, at 13.09% and 11.95% respectively over the past five years.<BR><BR>In summary, while ADF Foods Ltd is experiencing a short-term rise in stock price due to increased investor participation and a trend reversal, the overall long-term outlook remains concerning due to significant past declines and underperformance relative to benchmarks.

Why is ADF Foods Ltd falling/rising?

As of 25-Mar, ADF Foods Ltd's stock price is rising to Rs 167.05, driven by increased investor participation and positive short-term performance, despite long-term bearish trends and underperformance relative to the Sensex.

As of 25-Mar, ADF Foods Ltd's stock price is rising, currently at Rs 167.05, reflecting an increase of Rs 3.05 or 1.86%. This rise can be attributed to several factors. Notably, the stock has been gaining for the last two days, with a total return of 2.89% during this period. Additionally, the stock reached an intraday high of Rs 170.85, marking a 4.18% increase at its peak today.<BR><BR>Investor participation appears to be increasing, as evidenced by a delivery volume of 1.28 lacs on 24 March, which is up by 21.51% compared to the five-day average. This heightened activity suggests growing interest among investors. Furthermore, the FMCG sector, in which ADF Foods operates, has gained by 2.25%, potentially contributing to the positive sentiment surrounding the stock.<BR><BR>Despite these positive movements, it is important to note that ADF Foods is trading below its moving averages across various time frames, indicating a longer-term bearish trend. The stock has also underperformed relative to the benchmark Sensex over multiple periods, including a significant decline of 32.26% over the past year. However, the company's recent financial results show positive trends, such as record net sales and profits, which may help support the current rise in stock price. <BR><BR>In summary, while ADF Foods Ltd is experiencing a rise in stock price due to increased investor participation and positive short-term performance, it is still facing challenges from its long-term performance metrics and overall market conditions.