ADF Foods Limited (ADFFOODS) AI Stock Analysis

• Market Cap: ₹25.12B
• Dividend Yield: 0.53%
• Average Volume (3M): 10.72K
• Price to Earnings (P/E): 35.8
• Beta (1Y): 1.09
• Revenue Growth: 13.46%
• EPS Growth: -6.82%
• Country: IN
• Employees: 354
• Sector: Consumer Defensive
• Sector Strength: 67
• Industry: Packaged Foods
• EPS (TTM): 1.39
• Shares Outstanding: 109,863,594
• 10 Day Avg. Volume: 13,770
• 30 Day Avg. Volume: 10,716
• PEG Ratio: -4.81
• Price to Book (P/B): 5.43
• Price to Sales (P/S): 4.53
• P/FCF Ratio: -699.44
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: ₹243.00
• Price Target Upside: 6.56% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 56 Neutral
• Price Target: ₹243.00 ▲(6.56% Upside)

ADF Foods Limited's financial strength is offset by negative cash flow concerns. Technical indicators suggest bearish momentum, and the stock's high valuation poses risks. The overall score reflects these mixed factors, with cash management highlighted as a significant area for improvement.

ADF Foods Limited Business Overview & Revenue Model

Company Description

ADF Foods Limited is a leading company in the food processing industry, specializing in the manufacture and distribution of a wide range of packaged food products. The company operates in various sectors including pickles, ready-to-eat meals, spices, chutneys, and frozen foods. ADF Foods Limited is known for its commitment to quality and innovation, offering products that cater to diverse consumer tastes across the globe.

How the Company Makes Money

ADF Foods Limited generates revenue through the sale of its diverse portfolio of packaged food products. The company's primary revenue streams include domestic sales within India and international markets, where it exports its products to regions such as North America, Europe, the Middle East, and Asia-Pacific. ADF Foods leverages its strong distribution network and brand reputation to reach consumers globally. Key partnerships with retailers, supermarkets, and food service providers further enhance the company's market presence and sales channels. The company's earnings are also supported by its focus on product innovation and expansion into new markets, which help drive growth and profitability.

ADF Foods Limited Financial Statement Overview

Summary

ADF Foods Limited shows robust revenue growth and strong operational efficiency with a 50.8% EBIT margin. The balance sheet is solid with low leverage and a high equity ratio. However, the negative free cash flow in 2025 highlights challenges in cash management.

Income Statement

ADF Foods Limited has shown robust revenue growth over the years, with a substantial increase from 2024 to 2025. The company maintains a healthy gross profit margin of 57.9% in 2025, indicating efficient cost management. However, the net profit margin has decreased slightly to 11.8% in 2025, suggesting increased expenses or other cost factors affecting net income. The EBIT margin has improved significantly to 50.8%, reflecting strong operational efficiency.

Balance Sheet

The balance sheet of ADF Foods Limited exhibits a strong equity position with an equity ratio of 78.4% in 2025, demonstrating financial stability. The debt-to-equity ratio remains low at 0.12, indicating prudent leverage management. Return on equity is at a reasonable level of 14.1%, showing effective use of shareholder funds, although it has slightly decreased compared to the previous year.

Cash Flow

The cash flow statement reveals challenges with free cash flow, which turned negative in 2025, primarily due to increased capital expenditures. The operating cash flow to net income ratio stands at 0.54, highlighting some inefficiencies in converting income into cash flow. The decline in free cash flow growth rate is concerning, suggesting the need for improved cash management strategies.

Breakdown	TTM	Dec 2025	Dec 2023	Dec 2022	Dec 2022	Dec 2020
Income Statement
Total Revenue	5.92B	5.90B	5.01B	4.06B	4.50B	3.61B
Gross Profit	3.20B	3.41B	2.56B	1.96B	2.36B	1.46B
EBITDA	1.13B	983.62M	1.16B	760.26M	918.51M	737.63M
Net Income	699.07M	692.56M	752.86M	480.98M	560.99M	500.69M
Balance Sheet
Total Assets	6.28B	6.28B	5.56B	4.71B	5.25B	3.27B
Cash, Cash Equivalents and Short-Term Investments	1.27B	1.27B	1.43B	1.14B	1.60B	771.91M
Total Debt	592.34M	592.34M	558.60M	699.20M	552.46M	5.57M
Total Liabilities	1.36B	1.36B	1.14B	1.25B	1.03B	534.96M
Stockholders Equity	4.93B	4.93B	4.41B	3.43B	4.19B	2.74B
Cash Flow
Free Cash Flow	0.00	-38.23M	543.84M	-4.98M	237.92M	316.22M
Operating Cash Flow	0.00	374.16M	698.41M	340.93M	505.23M	355.50M
Investing Cash Flow	0.00	-396.20M	163.85M	-537.94M	-628.69M	-81.83M
Financing Cash Flow	0.00	-210.56M	-634.14M	329.95M	-48.18M	-73.99M

ADF Foods Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 228.05
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:ADFFOODS, the sentiment is Negative. The current price of 228.05 is below the 20-day moving average (MA) of 250.90, below the 50-day MA of 263.78, and below the 200-day MA of 264.47, indicating a bearish trend. The MACD of -10.58 indicates Positive momentum. The RSI at 31.98 is Neutral, neither overbought nor oversold. The STOCH value of 14.31 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:ADFFOODS.

ADF Foods Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
GRMOVER	74 Outperform	₹21.95B	35.48		―	-4.20%	0.92%
DOLLAR	68 Neutral	₹21.04B	21.68		0.81%	12.55%	6.68%
Sector *	63 Neutral	$21.01B	14.53	-7.26%	3.13%	3.36%	-7.91%
BOROLTD	58 Neutral	₹39.92B	53.64		―	0.46%	-3.14%
TASTYBITE	58 Neutral	₹26.73B	71.30		0.02%	25.08%	127.80%
ADFFOODS	56 Neutral	₹25.12B	35.81		0.53%	13.46%	-6.82%