₹272
▼ -5.89 -2.12%
10 Sept 2026
BSE Listed · FMCG
ADF Foods Ltd. (519183)
Volume: 2,130Avg Vol 1W: 7,055Avg Vol 1M: 6,30552W Range:₹153.65₹346.95
Key Ratios
Checked just nowMarket Cap₹2,988 Cr
Current Price₹272
Previous Close₹277.89
High / Low (52w)₹346.95 / ₹153.65
Volume2,130
Avg Vol (1W)7,055
Avg Vol (1M)6,305
Stock P/E30.87
Book Value₹52.02
Dividend Yield44%
ROE15.72%
ROA12.19%
Revenue (TTM)—
Revenue Growth13.31%
Profit Margin12.82%
Total Debt₹9 Cr
Shares Outstanding11 Cr
Face Value₹2
EPS (TTM)₹8.81
P/B5.23
Debt / Equity0.11
50 DMA₹283.31
200 DMA₹239.68
Day change-2.12%
Price Chart
₹272▲ 16.21% · 1Y
2025-09-102026-09-10
20-day avg volume: 6K shares
Pros
- Healthy return on equity of 15.7%.
- Pays a dividend yield of 44.0%.
- Company is almost debt-free.
Cons
- Revenue fell 20% YoY.
Quarterly Results
| Metric | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹161 Cr | ₹147 Cr | ₹159 Cr | ₹133 Cr | ₹163 Cr | ₹191 Cr | ₹197 Cr | ₹167 Cr |
| EBITDA | ₹27 Cr | ₹26 Cr | ₹22 Cr | ₹22 Cr | ₹36 Cr | ₹34 Cr | ₹37 Cr | ₹24 Cr |
| Net Profit | ₹20 Cr | ₹19 Cr | ₹16 Cr | ₹15 Cr | ₹26 Cr | ₹22 Cr | ₹26 Cr | ₹17 Cr |
| EPS | — | — | — | — | — | — | — | — |
Profit & Loss (Annual)
| Metric | Mar 2025 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹604 Cr | ₹135 Cr | ₹100 Cr | ₹140 Cr | ₹137 Cr | ₹150 Cr | ₹703 Cr | ₹121 Cr |
| EBITDA | ₹94 Cr | ₹28 Cr | ₹23 Cr | ₹41 Cr | ₹34 Cr | ₹42 Cr | ₹130 Cr | ₹25 Cr |
| Net Profit | ₹69 Cr | ₹22 Cr | ₹17 Cr | ₹30 Cr | ₹20 Cr | ₹30 Cr | ₹90 Cr | ₹18 Cr |
| EPS | 6.3 | — | — | — | — | — | 8.19 | — |
Balance Sheet
| Metric | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | ₹204 Cr | ₹272 Cr | ₹327 Cr | ₹471 Cr | ₹525 Cr | ₹556 Cr | ₹628 Cr | ₹755 Cr |
| Total Liabilities | ₹32 Cr | ₹67 Cr | ₹54 Cr | ₹125 Cr | ₹103 Cr | ₹114 Cr | ₹136 Cr | ₹183 Cr |
| Equity | ₹172 Cr | ₹204 Cr | ₹274 Cr | ₹346 Cr | ₹422 Cr | ₹442 Cr | ₹493 Cr | ₹572 Cr |
| Total Debt | — | — | — | — | — | — | — | — |
Cash Flow
| Metric | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Operating | ₹34 Cr | ₹44 Cr | ₹49 Cr | ₹48 Cr | ₹71 Cr | ₹94 Cr | ₹62 Cr | ₹92 Cr |
| Investing | ₹-4 Cr | ₹-40 Cr | ₹-8 Cr | ₹-54 Cr | ₹-63 Cr | ₹16 Cr | ₹-40 Cr | ₹-11 Cr |
| Financing | ₹-32 Cr | ₹14 Cr | ₹-7 Cr | ₹33 Cr | ₹-5 Cr | ₹-63 Cr | ₹-21 Cr | ₹-24 Cr |
| Free Cash Flow | ₹34 Cr | ₹44 Cr | ₹49 Cr | ₹48 Cr | ₹71 Cr | ₹94 Cr | ₹62 Cr | ₹92 Cr |
Shareholding
Promoter 36.13% Institutions 32.89% Public 30.97%
Efficiency & Working Capital
ROCE19.6%
Interest Coverage45.5
Dividend Payout—
Debtor Days77 d
Inventory Days64 d
Payable Days37 d
Cash Conversion Cycle103 d
Working Capital Days141 d
Shareholding Details
As of 2026-06-30
Promoter36.1%
FII11.6%
DII21.3%
Institutions32.9%
Public31%
Promoter Pledge0%
No. of Shareholders39,264
Shareholding Pattern
Quarterly — figures in %. Latest 12 quarters.
| Period | Sept 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 36.3% | 36.3% | 36.4% | 36.3% | 36.2% | 36.1% | 36.1% | 36.1% | 36.1% | 36.1% | 36.1% | 36.1% |
| FIIs | 9.6% | 9.6% | 9.6% | 9.5% | 9.6% | 10.1% | 9.8% | 11.3% | 11.3% | 11.3% | 11.6% | 11.6% |
| DIIs | 20% | 20.1% | 21.1% | 23.4% | 22.9% | 23.6% | 23.7% | 22.7% | 23.1% | 23.1% | 23.2% | 21.3% |
| Public | 34.2% | 34.1% | 32.9% | 30.8% | 31.4% | 30.2% | 30.4% | 29.9% | 29.5% | 29.4% | 29.1% | 31% |
| Promoter Pledge | 8% | 7.5% | 7.7% | 7.7% | 6% | 4.3% | 4.3% | 4.3% | 1.3% | 0% | 0% | 0% |
| No. of Shareholders | 31,526 | 39,812 | 40,411 | 38,838 | 44,142 | 41,996 | 42,769 | 41,436 | 42,054 | 41,581 | 40,319 | 39,264 |
Returns History (ROE / ROCE / ROA)
| Period | ROE | ROCE | ROA | P/E |
|---|---|---|---|---|
| 202603 | — | — | — | — |
Major Shareholders (>1%)
| Name | Category | Stake | Shares |
|---|---|---|---|
| Authum Investment And Infrastructure Limited | Public Shareholding | 14.3% | 1.57 Cr |
| Bimal Ramesh Thakkar | Shareholding of Promoter and Promoter Group | 13.1% | 1.44 Cr |
| Mahalaxmi Ramesh Thakkar | Shareholding of Promoter and Promoter Group | 8.8% | 96,65,000 |
| Sixth Sense India Opportunities Iii | Public Shareholding | 6.3% | 68,72,344 |
| Infinity Portfolio Holdings | Public Shareholding | 5.8% | 63,30,000 |
| Parul Bimal Thakkar | Shareholding of Promoter and Promoter Group | 4.9% | 54,29,135 |
| Infinity Direct Holdings | Public Shareholding | 4.6% | 50,00,000 |
| Dovetail India Fund Class 5 Shares | Public Shareholding | 3.5% | 38,45,000 |
| H J Thakkar Property Investment Llp | Shareholding of Promoter and Promoter Group | 3% | 32,79,575 |
| Shivaan Bimal Thakkar | Shareholding of Promoter and Promoter Group | 2.6% | 28,94,505 |
| Sumer Bimal Thakkar | Shareholding of Promoter and Promoter Group | 2.6% | 28,94,500 |
| Investor Education And Protection Fund Authority Ministry Of Corporate Affairs | Public Shareholding | 2.4% | 26,79,090 |
| Infinity Capital | Public Shareholding | 1.6% | 17,07,352 |
| Ashwin Kedia | Public Shareholding | 1.1% | 12,50,000 |
| Prisha Bhavesh Thakkar | Shareholding of Promoter and Promoter Group | 0.9% | 10,00,000 |
| Krish Bhavesh Thakkar | Shareholding of Promoter and Promoter Group | 0.2% | 1,65,000 |
| Bhavesh Ramesh Thakkar | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Bhavesh Ramesh Thakkar Huf (bhavesh R. Thakkar, Karta) | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Priyanka Bhavesh Thakkar | Shareholding of Promoter and Promoter Group | 0% | 0 |
Board of Directors
| Name | Designation | Year |
|---|---|---|
| Bimal R Thakkar | CMD & Executive Director | 2026 |
| Viren A Merchant | Non-Exec & Non-Independent Dir | 2026 |
| Jay M Mehta | Non-Exec & Non-Independent Dir | 2026 |
| Deepa Misra Harris | Independent Non Exe. Director | 2026 |
| Pheroze Kersasp Mistry | Independent Non Exe. Director | 2026 |
| M M Srivastava | Independent Non Exe. Director | 2026 |
| Ameet Hariani | Independent Non Exe. Director | 2026 |
| Arjuun Guuha | E D & Wholetime Director | 2026 |
| Shalaka Ovalekar | Company Sec. & Compli. Officer | 2026 |
Segments — Product
| Segment | Revenue | Share |
|---|---|---|
| Processed & Preserved Foods | ₹106 Cr | 94.7% |
| Traded Goods | ₹6 Cr | 5.3% |
Segments — Geography
| Region | Revenue | Share |
|---|---|---|
| Exports | ₹483 Cr | 99.6% |
| Domestic | ₹2 Cr | 0.4% |
Capital Structure (₹ Cr)
| Year | Face Value | Authorised | Issued | Paid-up |
|---|---|---|---|---|
| 2026 | ₹2 | 25 | 22 | 22 |
Corporate Actions
| Type | Date | Value | Remark |
|---|---|---|---|
| dividend | 2026-08-05 | ₹0.6 (30%) | Final |
| forthcoming | 2026-08-05 | Dividend (0.6/- per share) | Final |
| forthcoming | 2026-07-29 | Board Meetings | — |
| dividend | 2025-11-13 | ₹0.6 (30%) | Interim |
| dividend | 2025-08-06 | ₹0.6 (30%) | Final |
| forthcoming | — | Book Closure | AGM & 30% Final Dividend |
Related-Party Transactions (₹ Cr)
| Year | Subsidiaries | Associates | JV | KMP | Others | Total |
|---|---|---|---|---|---|---|
| 2026 | 123 | 0 | 0 | 4 | 0 | 129 |
| 2026 | 33 | 0 | 0 | 0 | 0 | 33 |
| 2026 | 3 | 0 | 0 | 4 | 0 | 8 |
Insider / Designated-Person Trades
5 recent disclosure(s)
Parul Vishal SonchhatraDisposal · 9,000
Vishal Suryakant SonchhatraDisposal · 9,000
Sumer Bimal ThakkarRevoke · 50,000
Parul Bimal ThakkarRevoke · 4,50,000
Parul Bimal ThakkarRevoke · 12,00,000
Substantial Acquisitions (SAST)
27 disclosure(s)
Market28/05/2025 · 16,85,653
-31/01/2025 · 10,00,000
Inter-se Transfer31/01/2025 · 10,00,000
Inter-se Transfer31/01/2025 · 10,00,000
NULL30/01/2025 · 10,00,000
Market28/08/2024 · 17,55,000
Company Information
Incorporated1990
ChairmanBimal R Thakkar
AuditorMSKA & Associates LLP
Investor Email[email protected]; nadiadfactory@adf-food
📍 83/86 GIDC Industrial Estate, Nadiad, Gujarat, 387001
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