ADFFOODSFast Moving Consumer Goods

ADF Foods Limited

Packaged Foods · ISIN INE982B01027 · BSE 519183 · NSE EQ · FV ₹2
Last price
₹268
+0.22%today
What this company does

ADF Foods Limited operates in Packaged Foods, part of the Fast Moving Consumer Goods sector. It booked ₹167 cr of revenue in its latest quarter (Q1 FY27) and kept 10.3% of sales as profit. It is the 8th largest of 9 Packaged Foods companies we track, by market value.

The Company is primarily engaged in the business of manufacturing and trading of processed foods.
In the report:
62out of 100
Equitytale Health Score
Mixed

Healthier than 62% of companies in Fast Moving Consumer Goods, on all six measures of filed financials. Each measure is ranked against the 89–149 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
45

At close. Not part of the score.

Profitability & returns56

How much profit it earns on the money it employs

Balance sheet86

How much it owes, and whether earnings cover the interest

Cash quality42

Whether reported profit actually arrives as cash

Growth & consistency79

Whether sales and profit have grown, and how steadily

Valuation28

What today's price implies, against our models or its peers

Governance & risk86

How much of the promoters' stake is pledged, and how much they hold

Is this company doing well?
not investment advice
Looks broadly healthyPriced in line with peers
Strengths
Makes a profit
Sales up 26% vs last year
Profit up 13% vs last year
No promoter shares pledged
Virtually debt-free
Turns profit into real cash
Watch-outs
None flagged from our data

What if I invest in ADFFOODS?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 10% a year, it would become
₹20.15 lakh

The starting rate is a round number, not a view on this company — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹268 +0.22%
latest close · 2026-09-17
52-wk low ₹24942 sessions so far52-wk high ₹320
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio42.6High
LowAverageHigh
P/B ratio5.14High
Below bookModerateHigh
EV / EBITDA23.5High
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity12.1%Fair
WeakFairStrong ▸15%
Return on capital15.1%Strong
WeakFairStrong
Net margin10.3%Decent
ThinDecentStrong
EBITDA margin18.4%Decent
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.02Comfortable
LowModerateHigh ▸1
Interest cover34.8×Strong
RiskyOkayStrong ▸5×
Current ratio3.84Ample
Tight ◂1HealthyAmple
More figures
Market cap
₹2,942 cr
Book value
₹52
EPS
₹1.57
latest quarter
Net debt
₹-57 cr
more cash than debt
Enterprise value
₹2,885 cr
EBITDA
₹123 cr
annualised
EBIT
₹97 cr
annualised
Operating margin
14.5%
Return on assets
9.2%
Earnings yield
2.35%
P/S
4.40
Sales / share
₹60.9
Tax rate
26.4%
Face value
₹2
Shares
11.0 cr
Working capital
₹326 cr
Current assets
₹441 cr
Current liabilities
₹115 cr
Delivery %
43.7%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2026 report & filings
not investment advice
Hard to value confidentlyLow confidence
The market price is far above what these earnings- and book-based models support — a fast-growing or asset-light business can trade well above them for years, so we won't put a confident number on how overpriced it is.
Models span ₹35₹75, midpoint ₹60

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹167 cr
Other Income₹1 cr
Total Income₹168 cr
Cost of Materials₹42 cr
Purchases of Stock-in-Trade₹15 cr
Inventory Change (±)₹5 cr
Employee Benefit Expense₹15 cr
Finance Costs₹69.4 L
Depreciation & Amortisation₹7 cr
Other Expenses₹59 cr
Total Expenses₹145 cr
Profit before Tax₹23 cr
Tax Expense₹6 cr
Net Profit₹17 cr
Net margin on total income10.3%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹63 cr37.3%
Employee benefit expense₹15 cr9.2%
Finance costs₹69.4 L0.4%
Depreciation & amortisation₹7 cr3.9%
Other expenses₹59 cr35.3%
Tax expense₹6 cr3.7%
Profit for the period₹17 cr10.3%
Total income ₹168 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue191 cr197 cr167 cr
Total income194 cr205 cr168 cr
Expenses160 cr169 cr145 cr
Profit before tax27 cr36 cr23 cr
Tax4 cr11 cr6 cr
Net profit (owners' share)22 cr26 cr17 cr
Net margin (owners' share, on revenue)11.7%13.2%10.3%
EPS (₹)2.042.361.57
YoY (latest quarter): total income +23.9% · net profit +13.4%
Balance sheet & cash flow · as of Mar 2026
Debt-free
Total assets
₹755 cr
Shareholder equity
₹572 cr
parent shareholders
Total debt
₹9 cr
Cash
₹66 cr
Cash flow · H1 FY26
Operating
₹32 cr
Investing
₹10 cr
Financing
₹-16 cr
Peer comparison
Packaged Foods · by market value
CompanyPriceMarket capP/E
Nestle India Limited₹1,371₹2.64 L cr68.9
Britannia Industries Limited₹4,982₹1.20 L cr50.7
The Bombay Burmah Trading Corporation Limited₹1,399₹19,738 cr8.5
Zydus Wellness Limited₹546₹17,368 cr36.5
Bikaji Foods International Limited₹553₹13,857 cr57.6
Mrs. Bectors Food Specialities Limited₹221₹6,772 cr43.8
Gopal Snacks Limited₹252₹3,145 cr61.2
ADF Foods Limitedthis company₹268₹2,942 cr42.6
Prataap Snacks Limited₹1,100₹2,581 cr30.4
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
0.45%
trailing 12 months
Dividend / share (TTM)
₹1.2
Last dividend
₹0.6
ex 5 Aug 2026
ActionDetailEx-date
Dividend₹0.6 / share5 Aug 2026
Dividend₹0.6 / share13 Nov 2025
Dividend₹0.6 / share6 Aug 2025
Dividend₹0.6 / share6 Nov 2024
Dividend₹1.2 / share26 Jul 2024
Dividend₹4 / share10 Nov 2023
Who owns it · 2026-06-30
No pledge
Promoter
36.1%
FII / Foreign
11.6%
DII / Domestic
21.3%
Retail / others
31.0%
Promoter stake down 0.2% over the last 12 quarters.
Smart-money activity
Insider trades
SoldParul Vishal Sonchhatra · Designated Person9,000 · ₹23.4 L10 Aug 26
SoldVishal Suryakant Sonchhatra · Designated Person9,000 · ₹23.7 L6 Aug 26
BoughtParul Bimal Thakkar · Promoters4.50 L · ₹9.1 cr5 Dec 25
Bulk / block deals
short · NSE126 Aug 26
short · NSE13 Aug 26
short · NSE192 Jul 26
Stake changes
BoughtInfinity Capital→ 1.53% · 16.86 L28 May 25
BoughtPrisha Bhavesh Thakkar · promoter→ 36.13%31 Jan 25
SoldKrish Bhavesh Thakkar · promoter→ 36.13%31 Jan 25
Promoter pledges
ReleasedBajaj Finance Limited4.50 L · 0.41% held5 Dec 25
ReleasedBajaj Finance Limited12.00 L · 1.50% held16 Sep 25
ReleasedAditya Birla Finance Limited50,000 · 0.05% held31 Dec 24
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 12 Aug 2026
See the official result
1
1 - (a) To receive, consider and adopt the Audited Standalone Financial Statements of the Company for the Financial Year ended 31st March, 2026, together with the Reports of the Board of Directors and the Auditors thereon. (b) To receive, consider and adopt the Audited Consolidated Financial Statements of the Company for the Financial Year ended 31st March, 2026, together with the Report of the Auditors thereon.
Backed by 100% of shareholders other than promotersneeded 50%
2.51 cr votes for, 5 against · 0% of mutual funds and other big investors said no
2
2 - To declare a Final Dividend of Rs. 0.60/- per equity share of face value Rs. 2/- each for the Financial Year ended 31st March, 2026.
Backed by 100% of shareholders other than promotersneeded 50%
2.51 cr votes for, 12 against · 0% of mutual funds and other big investors said no
3
3 - To appoint a Director in place of Mr. Bimal Thakkar (DIN: 00087404), who retires by rotation and being eligible offers himself for re-appointment.
Promoters had a personal stake in this
Backed by 100% of shareholders other than promotersneeded 50%
2.49 cr votes for, 205 against · 0% of mutual funds and other big investors said no
4
4 - To approve continuation of the existing remuneration terms of Mr. Bimal Thakkar for the remaining tenure of his current appointment term from 1st October, 2026 upto 30th September, 2028 pursuant to applicable statutory provisions.
Promoters had a personal stake in this
Backed by 99% of shareholders other than promotersneeded 75%
2.47 cr votes for, 1.97 L against · 1% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 11 named members
owning 36.1% between them · as of 2026-06-30
Bimal Ramesh Thakkar13.08%
Mahalaxmi Ramesh Thakkar8.80%
Parul Bimal Thakkar4.94%
H J Thakkar Property Investment LLP2.99%
Shivaan Bimal Thakkar2.63%
Sumer Bimal Thakkar2.63%
Prisha Bhavesh Thakkar0.91%
Krish Bhavesh Thakkar0.15%

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

Money it raised, and what it did with it

When a company raises money from investors, it has to say up front what the money is for. The rules then make it report, every three months until the money is gone, how much of each of those things it has actually paid for — so a promise made while asking for the money can be checked afterwards.

₹27 cr raised in Apr 2022 by selling shares to selected investors

As of Mar 2025, the company says it has spent 100% of what it set aside.

Meeting the Company's capital expenditure, inorganic growth opportunities and for other general corporate purposes.
100%
₹27 cr of ₹27 cr
₹26 cr raised in Mar 2022 by selling shares to selected investors

As of Mar 2025, the company says it has spent 100% of what it set aside.

Meeting the Company's capital expenditure, inorganic growth opportunities and for other general corporate purposes.
100%
₹26 cr of ₹26 cr

Every figure above is taken from the statement the company files with the stock exchange each quarter, for as long as money it has raised remains unspent. The only thing we work out is how much of each stated purpose has been paid for — one number divided by another from the same filing. Whether a plan that changed was a good change is not something a filing can tell you. See the filing

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.