ADF Foods Limited (IN:ADFFOODS)
:ADFFOODS
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ADF Foods Limited
(ADFFOODS)
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Select Model
Rating:64Neutral
Price Target:
₹170.00
▼(-18.93% Downside)
Action:ReiteratedDate:02/25/26
The score is primarily supported by strong operating performance and a conservative balance sheet, but it is held back by negative free cash flow and a relatively high P/E with a low dividend yield. Technical signals are neutral-to-mixed, adding limited support.
Positive Factors
High gross and EBIT margins
Sustained high gross and EBIT margins indicate durable product-level pricing power and operational efficiency in manufacturing and distribution. These margins provide structural buffer against input cost swings and support reinvestment or margin preservation over the next several quarters.
Negative Factors
Negative free cash flow
Negative free cash flow driven by higher capex weakens self-funded growth and raises reliance on external funding or equity to support expansion. Over a multi-quarter horizon, persistently negative FCF can constrain dividends, share buybacks, or margin-enhancing investments.
Read all positive and negative factors
Positive Factors
Negative Factors
High gross and EBIT margins
Sustained high gross and EBIT margins indicate durable product-level pricing power and operational efficiency in manufacturing and distribution. These margins provide structural buffer against input cost swings and support reinvestment or margin preservation over the next several quarters.
Read all positive factors
ADF Foods Limited (ADFFOODS) vs. iShares MSCI India ETF (INDA)
Market Cap
₹17.42B
Dividend Yield0.57%
Average Volume (3M)9.67K
Price to Earnings (P/E)25.0
Beta (1Y)1.29
Revenue Growth6.31%
EPS Growth-3.89%
CountryIN
Employees354
SectorConsumer Defensive
Sector Strength42
IndustryPackaged Foods
Share Statistics
EPS (TTM)2.04
Shares Outstanding109,863,594
10 Day Avg. Volume11,465
30 Day Avg. Volume9,673
Financial Highlights & Ratios
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 CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)10.1
Revenue Forecast (FY)₹6.39B
ADF Foods Limited Business Overview & Revenue Model
Company Description
ADF Foods Limited produces and sells various food products in India. It operates in two segments, Process and Preserved Food, and Agency Distribution Business. The company offers a range of products, including frozen snacks, breads, vegetables, re...
How the Company Makes Money
ADF Foods makes money primarily by selling branded packaged food products manufactured in its facilities to customers in domestic and export markets. Revenue is generated through (1) branded consumer product sales via distributors and retail chann...
ADF Foods Limited Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
75
Positive
Cash Flow
65
Positive
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 6.04B | 5.90B | 5.01B | 4.44B | 4.06B | 3.61B |
| Gross Profit | 3.39B | 3.41B | 2.56B | 2.30B | 1.96B | 1.46B |
| EBITDA | 1.25B | 983.62M | 1.16B | 918.51M | 760.26M | 737.63M |
| Net Income | 768.35M | 692.56M | 752.86M | 560.99M | 480.98M | 500.69M |
Balance Sheet | ||||||
| Total Assets | 6.77B | 6.28B | 5.56B | 5.25B | 4.71B | 3.27B |
| Cash, Cash Equivalents and Short-Term Investments | 975.26M | 1.26B | 1.43B | 1.42B | 1.14B | 771.91M |
| Total Debt | 567.73M | 592.34M | 558.60M | 552.46M | 699.20M | 6.16M |
| Total Liabilities | 1.47B | 1.36B | 1.14B | 1.03B | 1.25B | 534.96M |
| Stockholders Equity | 5.29B | 4.93B | 4.41B | 4.19B | 3.43B | 2.74B |
Cash Flow | ||||||
| Free Cash Flow | -180.48M | -38.23M | 543.84M | 237.92M | -4.98M | 316.22M |
| Operating Cash Flow | 319.27M | 374.16M | 698.41M | 505.23M | 340.93M | 355.50M |
| Investing Cash Flow | 104.93M | -396.20M | 163.85M | -628.69M | -537.94M | -81.83M |
| Financing Cash Flow | -159.21M | -210.56M | -634.14M | -48.18M | 329.95M | -73.99M |
ADF Foods Limited Technical Analysis
Negative
209.70
Price Trends
195.60
Negative
202.81
Negative
221.75
Negative
Market Momentum
-10.76
Positive
27.02
Positive
17.20
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 209.7 is above the 20-day moving average (MA) of 181.93, above the 50-day MA of 195.60, and below the 200-day MA of 221.75, indicating a bearish trend. The MACD of -10.76 indicates Positive momentum. The RSI at 27.02 is Positive, neither overbought nor oversold. The STOCH value of 17.20 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
UnderperformOutperform
Sector (62)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
65 Neutral | ₹28.18B | 38.77 | ― | ― | -8.29% | 4.70% | |
64 Neutral | ₹17.42B | 24.99 | ― | 0.57% | 6.31% | -3.89% | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
61 Neutral | ₹27.02B | 35.15 | ― | ― | 15.59% | 20.12% | |
60 Neutral | ₹17.40B | 28.74 | ― | 0.02% | 17.13% | 104.51% | |
57 Neutral | ₹13.12B | 27.11 | ― | 0.82% | 11.71% | 14.14% |
* Consumer Defensive Sector Average
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ADF Foods Limited Corporate Events
ADF Foods Starts Commercial Production at New Surat Frozen Foods Plant
Mar 28, 2026
ADF Foods Limited has begun commercial production of frozen food products at its new greenfield manufacturing facility located in the Gujarat Agro Infrastructure Mega Food Park in Mangrol, Surat. The plant, built with an initial investment of abou...
ADF Foods to Engage Analysts and Investors at Investec India Conference 2026
Mar 2, 2026
ADF Foods Limited has notified the stock exchanges that its officials will participate in the Investec India Promoter Founder Conference 2026, to be held in Mumbai on March 9, 2026, in physical mode. The interaction will be in a group meeting for...
ADF Foods’ Supply Chain Head Resigns; Company Says Operations Unaffected
Feb 28, 2026
ADF Foods Limited has announced the resignation of senior management executive Jeetendra Joshi, who served as General Manager – Supply Chain and was designated as Senior Management Personnel. His resignation is effective from the close of bu...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.