ADF Foods
- Market cap
- ₹ 2,591 Cr.
- P/E
- 27.3x
- P/B
- 4.71x
- 52-week range
- 153.1 – 346.95
- ROE
- 18%
- ROCE
- 22%
- Dividend yield
- 0.5%
- Debt / equity
- 0.1
- Sector
- Food Products
- Industry
- Packaged Foods
- Listed on
- NSE, BSE
About
ADF Foods Limited is an India-based company, which is engaged in the business of Meal accompaniments, and prepared food in frozen or canned form. The Company is engaged in the manufacture and selling of food products like pickles, chutneys, ready-to-eat items, paste and sauces, frozen foods, spices etc. The Company caters mainly to international markets and the domestic market. Its portfolio of brands includes Ashoka, Truly Indian, Camel, Aeroplane, ADF Soul, and Khansaama. Its Camel brand includes pickles, pastes, sauces, and condiments tailored for dishes such as Biryani, Mandi, Majboos, and Kabsa. The Company's Frozen products include frozen samosas, Kathi rolls, dosa wraps, snacks and ponk.
Quick check
The five things to look at first. Open one for more.
Compared with its industry
Packaged Foods: 56 companies →ADF Foods against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.
- Valuation (P/E)27.3 against a typical 42.7: cheaper than most peers (1st = cheapest).21st of 56
- Sales growth+25.6% against a typical +15.3% from a year earlier.16th of 45
- Profit growth+13.3% against a typical +7.5% from a year earlier.17th of 40
- Share price, 3 months−20.5% against a typical −10.1%.37th of 51
- Size₹ 2,591.2 Cr. market value against a typical ₹ 99 Cr. (1st = largest).7th of 53
Latest announcements
Exchange filings and their impact on the company.
- 10 Oct 2026Pendency of Litigation(s)/dispute(s) or the outcome impacting the CompanyLow impactPositivePrice −0.5% on 12 OctUS arm to recover $1.75m in staged payments after $0.45m received, keeping recipe protection intact.
ADF Foods (USA), its step-down subsidiary, signed a forbearance agreement on 9 October 2026 with Ascot Valley Foods over US court judgments totalling about $2.31 million plus interest. It agreed to accept $1.75 million plus interest instead, with $450,000 already received and the $1.30 million balance payable at least $25,000 per month over up to 52 months from November 2026. Ascot must withdraw its appeal and the injunction protecting ADF's recipes stays in force, giving staged cash recovery while preserving IP rights.
Credit ratings
Every rating action on file, newest first, including reaffirmations. Open a row for the agency's reasoning. All credit rating updates
Adequate safety
Rated A+ by CRISIL- No warnings from the agency.
| Agency | Current rating | Outlook | As of |
|---|---|---|---|
| CRISIL | Crisil A+ | Stable | 10 Aug 2026 |
| Rating | Details | |||||
|---|---|---|---|---|---|---|
| 10 Aug 2026 | Reaffirmed | Crisil A+ | — | CRISIL | ₹ 145 Cr. |
Board meetings
Results dates and other board meetings. Full calendar
| Details | ||
|---|---|---|
| 29 Jul 2026 | Financial Results | To consider and approve the Unaudited Standalone and Consolidated Financial Results for the Quarter ended 30th June, 2026. |
| 13 May 2026 | Financial Results/Dividend | 1. To consider and approve the Audited Standalone and Consolidated Financial Results for the Quarter and Financial Year ended 31st March, 2026 along with the Audit Report for the corresponding period. 2. To consider and recommend Final Dividend on the Equity Shares of the Company for the Financial Year 2025-26, if any. |
| 3 Feb 2026 | Financial Results | To consider and approve the Unaudited Standalone and Consolidated Financial Results for the Quarter and Nine Months ended 31st December, 2025 |
| 7 Nov 2025 | Financial Results/Dividend | 1. to consider and approve the Unaudited Standalone and Consolidated Financial Results for the Quarter and Half Year ended 30th September, 2025.2. to consider and approve the declaration of Interim Dividend on the Equity Shares of the Company for the Financial Year 2025-26. |
| 30 Jul 2025 | Financial Results | To consider and approve the Unaudited Standalone and Consolidated Financial Results for the Quarter ended 30th June, 2025. |
| 14 May 2025 | Financial Results/Dividend | 1. To consider and approve the Audited Standalone and Consolidated Financial Results for the Quarter and Financial Year ended 31st March, 2025 along with the Audit Report for the corresponding period.2. To consider and recommend Final Dividend on the Equity Shares of the Company for the Financial Year 2024-25, if any. |
Financials
Consolidated figures in ₹ crore.
| ₹ Cr. | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 125 | 130 | 154 | 122 | 161 | 147 | 159 | 133 | 163 | 191 | 197 | 167 |
| Expenses | 103 | 103 | 119 | 102 | 134 | 121 | 134 | 109 | 127 | 154 | 162 | 138 |
| Operating Profit | 22 | 27 | 34 | 20 | 28 | 26 | 25 | 24 | 36 | 37 | 34 | 30 |
| OPM % | 17% | 21% | 22% | 16% | 17% | 18% | 16% | 18% | 22% | 19% | 17% | 18% |
| Other Income | 3 | 4 | 2 | 5 | 4 | 4 | 2 | 3 | 6 | −4 | 9 | 1 |
| Interest | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Depreciation | 4 | 4 | 4 | 4 | 5 | 5 | 5 | 5 | 5 | 5 | 6 | 7 |
| Profit before tax | 21 | 26 | 31 | 20 | 26 | 25 | 21 | 21 | 36 | 27 | 36 | 23 |
| Tax % | 27% | 27% | 19% | 26% | 25% | 25% | 21% | 28% | 26% | 17% | 29% | 26% |
| Net Profit | 15 | 19 | 25 | 14 | 20 | 19 | 16 | 15 | 26 | 22 | 26 | 17 |
| EPS in Rs | 1.37 | 1.76 | 2.35 | 1.37 | 1.79 | 1.71 | 1.5 | 1.39 | 2.4 | 2.04 | 2.36 | 1.57 |
Growth and returns
Compounded yearly rates over each period.
- 10 Years
- 13%
- 5 Years
- 13%
- 3 Years
- 15%
- TTM
- 19%
- 10 Years
- 30%
- 5 Years
- 14%
- 3 Years
- 20%
- TTM
- 38%
- 10 Years
- 27%
- 5 Years
- 11%
- 3 Years
- 6%
- TTM
- —
- 10 Years
- 16%
- 5 Years
- 16%
- 3 Years
- 16%
- TTM
- —
P/E and EPS over time
Daily P/E and trailing 12-month EPS. EPS updates with each result.
Peers
Listed companies in the same business.
| ADF Foods | ₹ 239.95 | ₹ 2,591 Cr. | 27.3x | 4.7x | 18% | — |
| Nestle India | ₹ 1,173.45 | ₹ 2,26,278 Cr. | 80.4x | 53.4x | 76.3% | 15.1% |
| Britannia Industries | ₹ 4,547.80 | ₹ 1,09,542 Cr. | 51.5x | 25.5x | 53.6% | 13.3% |
| Tata Consumer Products | ₹ 960.00 | ₹ 95,010 Cr. | 67.4x | 4.9x | 7.4% | 8.1% |
| Godrej Industries | ₹ 918.00 | ₹ 30,884 Cr. | 34.9x | 4x | 11.6% | 10.9% |
| Patanjali Foods | ₹ 351.00 | ₹ 38,193 Cr. | 18.9x | 2.8x | 14.8% | 4.5% |
Management
- Bimal Ramesh Thakkar
- Executive Chairman of the Board, Chief Executive Officer, Managing Director
- Srinivas Ayyagari
- Chief Financial Officer
- Shivaan B. Thakkar
- Senior Vice President - USA Business
- Shalaka Swapnil Ovalekar
- Compliance Officer, Company Secretary
- Sumer B. Thakkar
- Vice President - Sales & Strategy
- Maneck Katpitia
- Vice President- International Operations and Supply Chain
- Balbir Singh
- Vice President - Manufacturing
- Jeetendra Joshi
- General Manager - Supply Chain
Prices are delayed and for information only. Nothing on this page is investment advice.