ADF Foods Ltd: Intrinsic Value & Share Price Analysis

Q: What is the High / Low of ADF Foods Ltd stocks in FY 2025-2026?

In FY 2025-2026, the High / Low of ADF Foods Ltd stocks is 301/168.

Share Price and Basic Stock Data

Last Updated: February 21, 2026, 11:49 am

Market Cap	2,489 Cr.
Current Price	227
Intrinsic Value	₹174.02
High / Low	301/168
Stock P/E	29.2
Book Value	48.2
Dividend Yield	0.53 %
ROCE	16.9 %
ROE	14.0 %
Face Value	2.00
PEG Ratio	2.98

Stock P/E, Current Price, and Intrinsic Value Over Time

Stock P/E Current Price Intrinsic Value

View Share Price Target for ADF Foods Ltd

Competitors

Stock Name ⇩	Market Cap ⇩	Current Price ⇩	High / Low ⇩	Stock P/E ⇩	Book Value ⇩	Dividend Yield ⇩	ROCE ⇩	ROE ⇩	Face Value ⇩
Mishtann Foods Ltd	475 Cr.	4.41	7.79/4.20	1.38	10.9	0.00 %	42.2 %	44.1 %	1.00
Mrs Bectors Food Specialities Ltd	6,651 Cr.	217	355/209	47.6	39.6	0.55 %	18.1 %	15.6 %	2.00
Nakoda Group of Industries Ltd	45.9 Cr.	26.2	39.4/22.2		18.8	0.00 %	8.11 %	15.4 %	10.0
HMA Agro Industries Ltd	1,386 Cr.	27.7	38.2/23.6	8.15	17.3	1.08 %	11.8 %	11.5 %	1.00
Himalaya Food International Ltd	79.4 Cr.	9.36	17.9/8.01	12.2	21.8	0.00 %	2.29 %	2.79 %	10.0
Industry Average	21,626.48 Cr	645.88		116.74	89.80	0.27%	16.37%	17.51%	5.63

All Competitor Stocks of ADF Foods Ltd

Quarterly Result

Metric	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025
Sales	123	123	112	125	130	154	122	161	147	159	133	163	191
Expenses	96	97	90	103	103	119	102	134	121	134	109	127	154
Operating Profit	27	26	22	22	27	34	20	28	26	25	24	36	37
OPM %	22%	21%	20%	17%	21%	22%	16%	17%	18%	16%	18%	22%	19%
Other Income	3	1	2	3	4	2	5	4	4	2	3	6	-4
Interest	1	1	1	1	1	1	1	1	1	1	1	1	1
Depreciation	4	4	4	4	4	4	4	5	5	5	5	5	5
Profit before tax	25	23	20	21	26	31	20	26	25	21	21	36	27
Tax %	27%	30%	27%	27%	27%	19%	26%	25%	25%	21%	28%	26%	17%
Net Profit	19	16	15	15	19	25	14	20	19	16	15	26	22
EPS in Rs	1.69	1.49	1.37	1.37	1.76	2.35	1.37	1.79	1.71	1.50	1.39	2.40	2.04

Last Updated: February 6, 2026, 9:17 pm

Below is a detailed analysis of the quarterly data for ADF Foods Ltd based on the most recent figures (Dec 2025) and their trends compared to the previous period:

For Sales, as of Dec 2025, the value is 191.00 Cr.. The value appears strong and on an upward trend. It has increased from 163.00 Cr. (Sep 2025) to 191.00 Cr., marking an increase of 28.00 Cr..
For Expenses, as of Dec 2025, the value is 154.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 127.00 Cr. (Sep 2025) to 154.00 Cr., marking an increase of 27.00 Cr..
For Operating Profit, as of Dec 2025, the value is 37.00 Cr.. The value appears strong and on an upward trend. It has increased from 36.00 Cr. (Sep 2025) to 37.00 Cr., marking an increase of 1.00 Cr..
For OPM %, as of Dec 2025, the value is 19.00%. The value appears to be declining and may need further review. It has decreased from 22.00% (Sep 2025) to 19.00%, marking a decrease of 3.00%.
For Other Income, as of Dec 2025, the value is -4.00 Cr.. The value appears to be declining and may need further review. It has decreased from 6.00 Cr. (Sep 2025) to -4.00 Cr., marking a decrease of 10.00 Cr..
For Interest, as of Dec 2025, the value is 1.00 Cr.. The value remains steady. There is no change compared to the previous period (Sep 2025) which recorded 1.00 Cr..
For Depreciation, as of Dec 2025, the value is 5.00 Cr.. The value remains steady. There is no change compared to the previous period (Sep 2025) which recorded 5.00 Cr..
For Profit before tax, as of Dec 2025, the value is 27.00 Cr.. The value appears to be declining and may need further review. It has decreased from 36.00 Cr. (Sep 2025) to 27.00 Cr., marking a decrease of 9.00 Cr..
For Tax %, as of Dec 2025, the value is 17.00%. The value appears to be improving (decreasing) as expected. It has decreased from 26.00% (Sep 2025) to 17.00%, marking a decrease of 9.00%.
For Net Profit, as of Dec 2025, the value is 22.00 Cr.. The value appears to be declining and may need further review. It has decreased from 26.00 Cr. (Sep 2025) to 22.00 Cr., marking a decrease of 4.00 Cr..
For EPS in Rs, as of Dec 2025, the value is 2.04. The value appears to be declining and may need further review. It has decreased from 2.40 (Sep 2025) to 2.04, marking a decrease of 0.36.

Overall, while many items appear to show a positive trend, any significant downward movement warrant further investigation.

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 18, 2026, 2:08 pm

Metric	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Sales	208	204	210	201	201	231	285	370	421	450	520	590	646
Expenses	192	188	190	179	182	202	232	302	354	369	415	491	525
Operating Profit	16	16	20	22	19	29	53	68	67	81	105	98	121
OPM %	8%	8%	9%	11%	10%	13%	19%	18%	16%	18%	20%	17%	19%
Other Income	4	9	4	6	18	14	9	6	9	11	11	14	6
Interest	2	1	1	1	1	1	1	1	2	3	2	3	3
Depreciation	11	11	12	5	4	4	6	6	9	14	16	18	20
Profit before tax	7	12	11	23	32	38	55	67	65	75	98	92	105
Tax %	32%	24%	39%	36%	44%	33%	22%	25%	26%	26%	25%	24%
Net Profit	5	9	7	15	18	25	43	50	49	56	74	69	80
EPS in Rs	0.51	0.80	0.60	1.38	1.70	2.53	4.27	5.00	4.59	5.10	6.85	6.30	7.33
Dividend Payout %	59%	38%	0%	37%	0%	0%	14%	12%	18%	20%	77%	19%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2014-2015	2015-2016	2016-2017	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024	2024-2025
YoY Net Profit Growth (%)	80.00%	-22.22%	114.29%	20.00%	38.89%	72.00%	16.28%	-2.00%	14.29%	32.14%	-6.76%
Change in YoY Net Profit Growth (%)	0.00%	-102.22%	136.51%	-94.29%	18.89%	33.11%	-55.72%	-18.28%	16.29%	17.86%	-38.90%

ADF Foods Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:	11%
5 Years:	16%
3 Years:	12%
TTM:	13%

Compounded Profit Growth
10 Years:	25%
5 Years:	9%
3 Years:	11%
TTM:	-7%

Stock Price CAGR
10 Years:	33%
5 Years:	27%
3 Years:	18%
1 Year:	-13%

Return on Equity
10 Years:	15%
5 Years:	16%
3 Years:	15%
Last Year:	14%

Last Updated: September 4, 2025, 10:10 pm

Balance Sheet

Last Updated: December 4, 2025, 12:54 am

Month	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Sep 2025
Equity Capital	22	22	22	22	22	20	20	20	21	22	22	22	22
Reserves	126	131	136	145	153	151	184	253	322	397	419	470	507
Borrowings	28	18	6	5	1	0	23	1	70	55	56	59	12
Other Liabilities	25	24	21	19	30	23	37	50	55	46	53	66	135
Total Liabilities	201	194	185	191	205	195	265	324	468	520	550	618	677
Fixed Assets	80	93	83	81	80	69	77	77	160	175	182	186	192
CWIP	9	2	0	1	0	1	2	0	0	7	5	19	60
Investments	21	8	8	8	0	0	18	17	39	80	77	61	12
Other Assets	91	92	94	100	125	125	167	229	268	259	285	353	412
Total Assets	201	194	185	191	205	195	265	324	468	520	550	618	677

Below is a detailed analysis of the balance sheet data for ADF Foods Ltd based on the most recent figures (Sep 2025) and their trends compared to the previous period:

For Equity Capital, as of Sep 2025, the value is 22.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2025) which recorded 22.00 Cr..
For Reserves, as of Sep 2025, the value is 507.00 Cr.. The value appears strong and on an upward trend. It has increased from 470.00 Cr. (Mar 2025) to 507.00 Cr., marking an increase of 37.00 Cr..
For Borrowings, as of Sep 2025, the value is 12.00 Cr.. The value appears to be improving (decreasing). Additionally, since Reserves exceed Borrowings, this is considered a positive sign. It has decreased from 59.00 Cr. (Mar 2025) to 12.00 Cr., marking a decrease of 47.00 Cr..
For Other Liabilities, as of Sep 2025, the value is 135.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 66.00 Cr. (Mar 2025) to 135.00 Cr., marking an increase of 69.00 Cr..
For Total Liabilities, as of Sep 2025, the value is 677.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 618.00 Cr. (Mar 2025) to 677.00 Cr., marking an increase of 59.00 Cr..
For Fixed Assets, as of Sep 2025, the value is 192.00 Cr.. The value appears strong and on an upward trend. It has increased from 186.00 Cr. (Mar 2025) to 192.00 Cr., marking an increase of 6.00 Cr..
For CWIP, as of Sep 2025, the value is 60.00 Cr.. The value appears strong and on an upward trend. It has increased from 19.00 Cr. (Mar 2025) to 60.00 Cr., marking an increase of 41.00 Cr..
For Investments, as of Sep 2025, the value is 12.00 Cr.. The value appears to be declining and may need further review. It has decreased from 61.00 Cr. (Mar 2025) to 12.00 Cr., marking a decrease of 49.00 Cr..
For Other Assets, as of Sep 2025, the value is 412.00 Cr.. The value appears strong and on an upward trend. It has increased from 353.00 Cr. (Mar 2025) to 412.00 Cr., marking an increase of 59.00 Cr..
For Total Assets, as of Sep 2025, the value is 677.00 Cr.. The value appears strong and on an upward trend. It has increased from 618.00 Cr. (Mar 2025) to 677.00 Cr., marking an increase of 59.00 Cr..

Notably, the Reserves (507.00 Cr.) exceed the Borrowings (12.00 Cr.), indicating a solid financial buffer.

Overall, while many items appear to show a positive trend, any significant downward movement or items where Borrowings exceed Reserves warrant further investigation.

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operating Activity +	18	6	15	17	24	20	31	36	34	51	70	37
Cash from Investing Activity +	5	18	1	-4	4	-1	-39	-9	-53	-60	13	-39
Cash from Financing Activity +	-21	-21	-18	-12	-11	-32	14	-7	33	-5	-63	-21
Net Cash Flow	3	3	-1	1	17	-14	6	20	14	-14	20	-23

Free Cash Flow

Month	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Free Cash Flow	-12.00	-2.00	14.00	17.00	18.00	29.00	30.00	67.00	-3.00	26.00	49.00	39.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

Month	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Debtor Days	53	58	63	62	78	69	68	64	61	76	76	73
Inventory Days	111	98	85	104	94	131	158	143	156	132	111	165
Days Payable	51	37	37	44	55	52	62	68	65	47	63	83
Cash Conversion Cycle	113	120	112	122	117	148	165	139	153	162	124	155
Working Capital Days	57	66	86	98	102	117	82	111	110	116	108	123
ROCE %	4%	6%	7%	14%	19%	23%	28%	27%	19%	17%	20%	17%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025
Promoters	36.50%	36.50%	36.29%	36.28%	36.42%	36.33%	36.17%	36.14%	36.14%	36.14%	36.14%	36.14%
FIIs	9.38%	9.46%	9.57%	9.57%	9.55%	9.51%	9.55%	10.06%	9.84%	11.29%	11.30%	11.31%
DIIs	7.88%	7.91%	7.91%	8.01%	8.64%	8.65%	8.81%	23.65%	23.65%	22.71%	23.10%	23.11%
Public	46.24%	46.12%	46.24%	46.15%	45.39%	45.50%	45.48%	30.16%	30.37%	29.87%	29.47%	29.46%
No. of Shareholders	26,383	26,151	31,526	39,812	40,411	38,838	44,142	41,996	42,769	41,436	42,054	41,581

Shareholding Pattern Chart

No. of Shareholders

ADF Foods Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

This stock is not held by any mutual fund.

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 25	Mar 24	Mar 23	Mar 22	Mar 21
FaceValue	2.00	2.00	10.00	10.00	10.00
Basic EPS (Rs.)	6.30	6.85	25.62	23.97	25.01
Diluted EPS (Rs.)	6.30	6.85	25.62	23.33	23.96
Cash EPS (Rs.)	7.83	8.00	31.14	26.99	27.43
Book Value[Excl.RevalReserv]/Share (Rs.)	44.08	39.55	188.63	161.91	134.07
Book Value[Incl.RevalReserv]/Share (Rs.)	44.08	39.55	188.63	161.91	134.07
Revenue From Operations / Share (Rs.)	52.76	46.56	201.46	197.34	181.03
PBDIT / Share (Rs.)	10.06	10.38	41.09	35.62	36.16
PBIT / Share (Rs.)	8.43	8.98	34.95	31.36	33.27
PBT / Share (Rs.)	8.20	8.78	33.76	30.52	32.70
Net Profit / Share (Rs.)	6.20	6.60	24.99	22.73	24.54
NP After MI And SOA / Share (Rs.)	6.20	6.74	25.10	22.53	24.54
PBDIT Margin (%)	19.06	22.29	20.39	18.04	19.97
PBIT Margin (%)	15.97	19.29	17.34	15.89	18.37
PBT Margin (%)	15.53	18.84	16.75	15.46	18.06
Net Profit Margin (%)	11.74	14.18	12.40	11.52	13.55
NP After MI And SOA Margin (%)	11.74	14.46	12.45	11.41	13.55
Return on Networth / Equity (%)	14.05	17.06	13.38	14.02	18.30
Return on Capital Employeed (%)	16.84	19.94	16.20	16.13	24.07
Return On Assets (%)	11.02	13.53	10.68	10.22	15.31
Long Term Debt / Equity (X)	0.01	0.00	0.00	0.03	0.00
Total Debt / Equity (X)	0.01	0.00	0.00	0.04	0.00
Asset Turnover Ratio (%)	0.99	0.96	0.75	0.84	0.79
Current Ratio (X)	5.71	6.67	7.66	5.37	5.29
Quick Ratio (X)	4.41	5.66	6.19	4.00	3.68
Inventory Turnover Ratio (X)	8.25	2.91	2.54	2.22	2.52
Dividend Payout Ratio (NP) (%)	28.55	72.96	15.66	0.00	0.00
Dividend Payout Ratio (CP) (%)	22.60	60.44	12.58	0.00	0.00
Earning Retention Ratio (%)	71.45	27.04	84.34	0.00	0.00
Cash Earning Retention Ratio (%)	77.40	39.56	87.42	0.00	0.00
Interest Coverage Ratio (X)	43.64	49.65	34.62	42.02	63.59
Interest Coverage Ratio (Post Tax) (X)	27.88	32.58	22.05	27.82	44.17
Enterprise Value (Cr.)	2572.89	2000.01	1600.23	1592.41	1754.86
EV / Net Operating Revenue (X)	4.36	3.84	3.55	3.78	4.75
EV / EBITDA (X)	22.89	17.24	17.42	20.95	23.79
MarketCap / Net Operating Revenue (X)	4.46	3.97	3.69	3.92	4.93
Retention Ratios (%)	71.44	27.03	84.33	0.00	0.00
Price / BV (X)	5.34	4.69	3.96	4.82	6.65
Price / Net Operating Revenue (X)	4.46	3.97	3.69	3.92	4.93
EarningsYield	0.02	0.03	0.03	0.02	0.02

After reviewing the key financial ratios for ADF Foods Ltd, here is a detailed analysis based on the latest available data and recent trends:

For FaceValue, as of Mar 25, the value is 2.00. This value is within the healthy range. There is no change compared to the previous period (Mar 24) which recorded 2.00.
For Basic EPS (Rs.), as of Mar 25, the value is 6.30. This value is within the healthy range. It has decreased from 6.85 (Mar 24) to 6.30, marking a decrease of 0.55.
For Diluted EPS (Rs.), as of Mar 25, the value is 6.30. This value is within the healthy range. It has decreased from 6.85 (Mar 24) to 6.30, marking a decrease of 0.55.
For Cash EPS (Rs.), as of Mar 25, the value is 7.83. This value is within the healthy range. It has decreased from 8.00 (Mar 24) to 7.83, marking a decrease of 0.17.
For Book Value[Excl.RevalReserv]/Share (Rs.), as of Mar 25, the value is 44.08. It has increased from 39.55 (Mar 24) to 44.08, marking an increase of 4.53.
For Book Value[Incl.RevalReserv]/Share (Rs.), as of Mar 25, the value is 44.08. It has increased from 39.55 (Mar 24) to 44.08, marking an increase of 4.53.
For Revenue From Operations / Share (Rs.), as of Mar 25, the value is 52.76. It has increased from 46.56 (Mar 24) to 52.76, marking an increase of 6.20.
For PBDIT / Share (Rs.), as of Mar 25, the value is 10.06. This value is within the healthy range. It has decreased from 10.38 (Mar 24) to 10.06, marking a decrease of 0.32.
For PBIT / Share (Rs.), as of Mar 25, the value is 8.43. This value is within the healthy range. It has decreased from 8.98 (Mar 24) to 8.43, marking a decrease of 0.55.
For PBT / Share (Rs.), as of Mar 25, the value is 8.20. This value is within the healthy range. It has decreased from 8.78 (Mar 24) to 8.20, marking a decrease of 0.58.
For Net Profit / Share (Rs.), as of Mar 25, the value is 6.20. This value is within the healthy range. It has decreased from 6.60 (Mar 24) to 6.20, marking a decrease of 0.40.
For NP After MI And SOA / Share (Rs.), as of Mar 25, the value is 6.20. This value is within the healthy range. It has decreased from 6.74 (Mar 24) to 6.20, marking a decrease of 0.54.
For PBDIT Margin (%), as of Mar 25, the value is 19.06. This value is within the healthy range. It has decreased from 22.29 (Mar 24) to 19.06, marking a decrease of 3.23.
For PBIT Margin (%), as of Mar 25, the value is 15.97. This value is within the healthy range. It has decreased from 19.29 (Mar 24) to 15.97, marking a decrease of 3.32.
For PBT Margin (%), as of Mar 25, the value is 15.53. This value is within the healthy range. It has decreased from 18.84 (Mar 24) to 15.53, marking a decrease of 3.31.
For Net Profit Margin (%), as of Mar 25, the value is 11.74. This value exceeds the healthy maximum of 10. It has decreased from 14.18 (Mar 24) to 11.74, marking a decrease of 2.44.
For NP After MI And SOA Margin (%), as of Mar 25, the value is 11.74. This value is within the healthy range. It has decreased from 14.46 (Mar 24) to 11.74, marking a decrease of 2.72.
For Return on Networth / Equity (%), as of Mar 25, the value is 14.05. This value is below the healthy minimum of 15. It has decreased from 17.06 (Mar 24) to 14.05, marking a decrease of 3.01.
For Return on Capital Employeed (%), as of Mar 25, the value is 16.84. This value is within the healthy range. It has decreased from 19.94 (Mar 24) to 16.84, marking a decrease of 3.10.
For Return On Assets (%), as of Mar 25, the value is 11.02. This value is within the healthy range. It has decreased from 13.53 (Mar 24) to 11.02, marking a decrease of 2.51.
For Long Term Debt / Equity (X), as of Mar 25, the value is 0.01. This value is below the healthy minimum of 0.2. It has increased from 0.00 (Mar 24) to 0.01, marking an increase of 0.01.
For Total Debt / Equity (X), as of Mar 25, the value is 0.01. This value is within the healthy range. It has increased from 0.00 (Mar 24) to 0.01, marking an increase of 0.01.
For Asset Turnover Ratio (%), as of Mar 25, the value is 0.99. It has increased from 0.96 (Mar 24) to 0.99, marking an increase of 0.03.
For Current Ratio (X), as of Mar 25, the value is 5.71. This value exceeds the healthy maximum of 3. It has decreased from 6.67 (Mar 24) to 5.71, marking a decrease of 0.96.
For Quick Ratio (X), as of Mar 25, the value is 4.41. This value exceeds the healthy maximum of 2. It has decreased from 5.66 (Mar 24) to 4.41, marking a decrease of 1.25.
For Inventory Turnover Ratio (X), as of Mar 25, the value is 8.25. This value exceeds the healthy maximum of 8. It has increased from 2.91 (Mar 24) to 8.25, marking an increase of 5.34.
For Dividend Payout Ratio (NP) (%), as of Mar 25, the value is 28.55. This value is within the healthy range. It has decreased from 72.96 (Mar 24) to 28.55, marking a decrease of 44.41.
For Dividend Payout Ratio (CP) (%), as of Mar 25, the value is 22.60. This value is within the healthy range. It has decreased from 60.44 (Mar 24) to 22.60, marking a decrease of 37.84.
For Earning Retention Ratio (%), as of Mar 25, the value is 71.45. This value exceeds the healthy maximum of 70. It has increased from 27.04 (Mar 24) to 71.45, marking an increase of 44.41.
For Cash Earning Retention Ratio (%), as of Mar 25, the value is 77.40. This value exceeds the healthy maximum of 70. It has increased from 39.56 (Mar 24) to 77.40, marking an increase of 37.84.
For Interest Coverage Ratio (X), as of Mar 25, the value is 43.64. This value is within the healthy range. It has decreased from 49.65 (Mar 24) to 43.64, marking a decrease of 6.01.
For Interest Coverage Ratio (Post Tax) (X), as of Mar 25, the value is 27.88. This value is within the healthy range. It has decreased from 32.58 (Mar 24) to 27.88, marking a decrease of 4.70.
For Enterprise Value (Cr.), as of Mar 25, the value is 2,572.89. It has increased from 2,000.01 (Mar 24) to 2,572.89, marking an increase of 572.88.
For EV / Net Operating Revenue (X), as of Mar 25, the value is 4.36. This value exceeds the healthy maximum of 3. It has increased from 3.84 (Mar 24) to 4.36, marking an increase of 0.52.
For EV / EBITDA (X), as of Mar 25, the value is 22.89. This value exceeds the healthy maximum of 15. It has increased from 17.24 (Mar 24) to 22.89, marking an increase of 5.65.
For MarketCap / Net Operating Revenue (X), as of Mar 25, the value is 4.46. This value exceeds the healthy maximum of 3. It has increased from 3.97 (Mar 24) to 4.46, marking an increase of 0.49.
For Retention Ratios (%), as of Mar 25, the value is 71.44. This value exceeds the healthy maximum of 70. It has increased from 27.03 (Mar 24) to 71.44, marking an increase of 44.41.
For Price / BV (X), as of Mar 25, the value is 5.34. This value exceeds the healthy maximum of 3. It has increased from 4.69 (Mar 24) to 5.34, marking an increase of 0.65.
For Price / Net Operating Revenue (X), as of Mar 25, the value is 4.46. This value exceeds the healthy maximum of 3. It has increased from 3.97 (Mar 24) to 4.46, marking an increase of 0.49.
For EarningsYield, as of Mar 25, the value is 0.02. This value is below the healthy minimum of 5. It has decreased from 0.03 (Mar 24) to 0.02, marking a decrease of 0.01.

Overall, while many metrics show healthy performance, any figures highlighted in red or significant downward trends warrant further investigation.

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of ADF Foods Ltd as of February 22, 2026 is: ₹158.47

Calculation basis:

Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of February 22, 2026, ADF Foods Ltd is Overvalued by 30.19% compared to the current share price ₹227.00

Intrinsic Value of ADF Foods Ltd as of February 22, 2026 is: ₹174.02

Calculation basis:

Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of February 22, 2026, ADF Foods Ltd is Overvalued by 23.34% compared to the current share price ₹227.00

Last 5 Year EPS CAGR: 9.81%

*Investments are subject to market risks

Strength and Weakness

Strength	Weakness
The stock has a high average ROCE of 16.75%, which is a positive sign. The company has higher reserves (261.08 cr) compared to borrowings (25.69 cr), indicating strong financial stability. The company has shown consistent growth in sales (349.00 cr) and profit (52.31 cr) over the years.	The stock has a high average Working Capital Days of 98.00, which may not be favorable. The stock has a high average Cash Conversion Cycle of 135.83, which may not be favorable.

Stock Analysis

Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in ADF Foods Ltd:
1. Net Profit Margin: 11.74%
  - Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
2. ROCE: 16.84% (Industry Average ROCE: 16.37%)
  - ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
3. ROE%: 14.05% (Industry Average ROE: 17.51%)
  - ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
4. Interest Coverage Ratio (Post Tax): 27.88
  - Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
5. Quick Ratio: 4.41
  - Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
6. Stock P/E: 29.2 (Industry average Stock P/E: 116.74)
  - Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
7. Total Debt / Equity: 0.01
  - Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
Stock Rating:

About the Company - Qualitative Analysis

ADF Foods Ltd. is a Public Limited Listed company incorporated on 27/08/1990 and has its registered office in the State of Gujarat, India. Company's Corporate Identification Number(CIN) is L15400GJ1990PLC014265 and registration number is 014265. Currently Company is involved in the business activities of Manufacture of pickles, chutney etc.. Company's Total Operating Revenue is Rs. 478.41 Cr. and Equity Capital is Rs. 22.35 Cr. for the Year ended 31/03/2025.

INDUSTRY	ADDRESS	CONTACT
Food Processing - Bakery/Dairy/Fruits/Others	83/86, GIDC Industrial Estate, Nadiad Gujarat 387001	Contact not found

Management
Name	Position Held
Mr. Bimal R Thakkar	Chairman & M.D & CEO
Mr. Arjuun Guuha	Whole Time Director
Mr. Jay M Mehta	Non Executive Director
Mr. Viren A Merchant	Non Executive Director
Ms. Deepa Misra Harris	Independent Director
Mr. Ameet P Hariani	Independent Director
Mr. Manmohan Srivastava	Independent Director
Mr. Pheroze Mistry	Independent Director

FAQ

What is the intrinsic value of ADF Foods Ltd?

ADF Foods Ltd's intrinsic value (as of 22 February 2026) is ₹174.02 which is 23.34% lower the current market price of ₹227.00, indicating overvalued. Calculated using the PE ratio method, this valuation considers the company's ₹2,489 Cr. market cap, FY2025-2026 high/low of ₹301/168, reserves of ₹507 Cr, and liabilities of ₹677 Cr.

What is the Market Cap of ADF Foods Ltd?

The Market Cap of ADF Foods Ltd is 2,489 Cr..

What is the current Stock Price of ADF Foods Ltd as on 22 February 2026?

The current stock price of ADF Foods Ltd as on 22 February 2026 is ₹227.

What is the High / Low of ADF Foods Ltd stocks in FY 2025-2026?

In FY 2025-2026, the High / Low of ADF Foods Ltd stocks is ₹301/168.

What is the Stock P/E of ADF Foods Ltd?

The Stock P/E of ADF Foods Ltd is 29.2.

What is the Book Value of ADF Foods Ltd?

The Book Value of ADF Foods Ltd is 48.2.

What is the Dividend Yield of ADF Foods Ltd?

The Dividend Yield of ADF Foods Ltd is 0.53 %.

What is the ROCE of ADF Foods Ltd?

The ROCE of ADF Foods Ltd is 16.9 %.

What is the ROE of ADF Foods Ltd?

The ROE of ADF Foods Ltd is 14.0 %.

What is the Face Value of ADF Foods Ltd?

The Face Value of ADF Foods Ltd is 2.00.