₹294.05
▼ -8.81 -2.91%
17 Jul 2026
BSE Listed · FMCG
ADF Foods Ltd. (519183)
Volume: 5,108Avg Vol 1W: 13,822Avg Vol 1M: 48,55252W Range:₹153.65₹346.95
Key Ratios
Checked 1h agoMarket Cap₹3,262 Cr
Current Price₹294.05
Previous Close₹302.86
High / Low (52w)₹346.95 / ₹153.65
Volume5,108
Avg Vol (1W)13,822
Avg Vol (1M)48,552
Stock P/E34.44
Book Value₹52.02
Dividend Yield40%
ROE15.72%
ROA11.92%
Revenue (TTM)—
Revenue Growth13.31%
Profit Margin13.16%
Total Debt₹9 Cr
Shares Outstanding11 Cr
Face Value₹2
EPS (TTM)₹8.62
P/B5.71
Debt / Equity0.12
50 DMA₹290.08
200 DMA₹227.88
Day change-2.91%
Price Chart
₹294.05▲ 4.70% · 1Y
2025-07-172026-07-17
20-day avg volume: 51K shares
Pros
- Healthy return on equity of 15.7%.
- Pays a dividend yield of 40.0%.
- Company is almost debt-free.
- Revenue grew 14% YoY.
Quarterly Results
| Metric | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹122 Cr | ₹161 Cr | ₹147 Cr | ₹159 Cr | ₹133 Cr | ₹163 Cr | ₹191 Cr | ₹197 Cr |
| EBITDA | ₹20 Cr | ₹27 Cr | ₹26 Cr | ₹22 Cr | ₹22 Cr | ₹36 Cr | ₹34 Cr | ₹37 Cr |
| Net Profit | ₹15 Cr | ₹20 Cr | ₹19 Cr | ₹16 Cr | ₹15 Cr | ₹26 Cr | ₹22 Cr | ₹26 Cr |
| EPS | — | — | — | — | — | — | — | — |
Profit & Loss (Annual)
| Metric | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹219 Cr | ₹245 Cr | ₹295 Cr | ₹375 Cr | ₹431 Cr | ₹461 Cr | ₹531 Cr | ₹604 Cr |
| EBITDA | ₹33 Cr | ₹39 Cr | ₹57 Cr | ₹68 Cr | ₹67 Cr | ₹78 Cr | ₹100 Cr | ₹94 Cr |
| Net Profit | ₹18 Cr | ₹25 Cr | ₹43 Cr | ₹50 Cr | ₹48 Cr | ₹56 Cr | ₹75 Cr | ₹69 Cr |
| EPS | 8.52 | 12.34 | 21.36 | 23.96 | 23.33 | 5.12 | 6.85 | 6.3 |
Balance Sheet
| Metric | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | ₹213 Cr | ₹204 Cr | ₹272 Cr | ₹327 Cr | ₹471 Cr | ₹525 Cr | ₹556 Cr | ₹628 Cr |
| Total Liabilities | ₹39 Cr | ₹32 Cr | ₹67 Cr | ₹54 Cr | ₹125 Cr | ₹103 Cr | ₹114 Cr | ₹136 Cr |
| Equity | ₹174 Cr | ₹172 Cr | ₹204 Cr | ₹274 Cr | ₹346 Cr | ₹422 Cr | ₹442 Cr | ₹493 Cr |
| Total Debt | — | — | — | — | — | — | — | — |
Cash Flow
| Metric | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|
| Operating | ₹32 Cr | ₹34 Cr | ₹44 Cr | ₹49 Cr | ₹48 Cr | ₹71 Cr | ₹94 Cr | ₹62 Cr |
| Investing | ₹3 Cr | ₹-4 Cr | ₹-40 Cr | ₹-8 Cr | ₹-54 Cr | ₹-63 Cr | ₹16 Cr | ₹-40 Cr |
| Financing | ₹-11 Cr | ₹-32 Cr | ₹14 Cr | ₹-7 Cr | ₹33 Cr | ₹-5 Cr | ₹-63 Cr | ₹-21 Cr |
| Free Cash Flow | ₹32 Cr | ₹34 Cr | ₹44 Cr | ₹49 Cr | ₹48 Cr | ₹71 Cr | ₹94 Cr | ₹62 Cr |
Shareholding
Promoter 36.13% Institutions 34.76% Public 29.1%
Efficiency & Working Capital
ROCE19.6%
Interest Coverage36.5
Dividend Payout—
Debtor Days73 d
Inventory Days56 d
Payable Days28 d
Cash Conversion Cycle100 d
Working Capital Days128 d
Shareholding Details
As of 2026-03-31
Promoter36.1%
FII11.6%
DII23.2%
Institutions34.8%
Public29.1%
Promoter Pledge0%
No. of Shareholders40,319
Shareholding Pattern
Quarterly — figures in %. Latest 12 quarters.
| Period | Jun 2023 | Sept 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 36.5% | 36.3% | 36.3% | 36.4% | 36.3% | 36.2% | 36.1% | 36.1% | 36.1% | 36.1% | 36.1% | 36.1% |
| FIIs | 9.5% | 9.6% | 9.6% | 9.6% | 9.5% | 9.6% | 10.1% | 9.8% | 11.3% | 11.3% | 11.3% | 11.6% |
| DIIs | 19.9% | 20% | 20.1% | 21.1% | 23.4% | 22.9% | 23.6% | 23.7% | 22.7% | 23.1% | 23.1% | 23.2% |
| Public | 34.1% | 34.2% | 34.1% | 32.9% | 30.8% | 31.4% | 30.2% | 30.4% | 29.9% | 29.5% | 29.4% | 29.1% |
| Promoter Pledge | 13.1% | 8% | 7.5% | 7.7% | 7.7% | 6% | 4.3% | 4.3% | 4.3% | 1.3% | 0% | 0% |
| No. of Shareholders | 26,151 | 31,526 | 39,812 | 40,411 | 38,838 | 44,142 | 41,996 | 42,769 | 41,436 | 42,054 | 41,581 | 40,319 |
Returns History (ROE / ROCE / ROA)
| Period | ROE | ROCE | ROA | P/E |
|---|---|---|---|---|
| 202503 | — | — | — | — |
Major Shareholders (>1%)
| Name | Category | Stake | Shares |
|---|---|---|---|
| Authum Investment And Infrastructure Limited | Public Shareholding | 15.4% | 1.70 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 | 7.1% | 78,04,508 |
| 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 |
| Infinity Capital | Public Shareholding | 1.6% | 17,07,352 |
| Lashit Sanghvi | Public Shareholding | 1.3% | 14,18,750 |
| 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 |
Promoter Pledges
| Holder | Pledged Shares | % of Holding | As of |
|---|---|---|---|
| Mahalaxmi Ramesh Thakkar | 0 | 0% | 2026-03-31 |
| Parul Bimal Thakkar | 0 | 0% | 2026-03-31 |
| Shivaan Bimal Thakkar | 0 | 0% | 2026-03-31 |
| Sumer Bimal Thakkar | 0 | 0% | 2026-03-31 |
| Krish Bhavesh Thakkar | 0 | 0% | 2026-03-31 |
| Prisha Bhavesh Thakkar | 0 | 0% | 2026-03-31 |
| Bhavesh Ramesh Thakkar | 0 | 0% | 2026-03-31 |
| Bhavesh Ramesh Thakkar Huf (bhavesh R. Thakkar, Karta) | 0 | 0% | 2026-03-31 |
| Priyanka Bhavesh Thakkar | 0 | 0% | 2026-03-31 |
| H J Thakkar Property Investment Llp | 0 | 0% | 2026-03-31 |
| Bimal Ramesh Thakkar | 0 | 0% | 2026-03-31 |
| Sixth Sense India Opportunities Iii | 0 | 0% | 2026-03-31 |
Board of Directors
| Name | Designation | Year |
|---|---|---|
| Bimal R Thakkar | Chairman & MD & CEO | 2025 |
| Viren A Merchant | Non Executive Director | 2025 |
| Shalaka Ovalekar | Company Sec. & Compli. Officer | 2025 |
| Jay M Mehta | Non Executive Director | 2025 |
| Deepa Misra Harris | Independent Director | 2025 |
| M M Srivastava | Independent Director | 2025 |
| Arjuun Guuha | Whole-time Director | 2025 |
| Pheroze Kersasp Mistry | Independent Director | 2025 |
| Ameet Pratapsinh Hariani | Independent Director | 2025 |
Segments — Product
| Segment | Revenue | Share |
|---|---|---|
| Processed & Preserved Foods | ₹106 Cr | 94.7% |
| Traded Goods | ₹6 Cr | 5.3% |
Segments — Geography
| Region | Revenue | Share |
|---|---|---|
| Exports | ₹442 Cr | 98.9% |
| Domestic | ₹5 Cr | 1.1% |
Capital Structure (₹ Cr)
| Year | Face Value | Authorised | Issued | Paid-up |
|---|---|---|---|---|
| 2025 | ₹2 | 25 | 22 | 22 |
Corporate Actions
| Type | Date | Value | Remark |
|---|---|---|---|
| forthcoming | 2026-08-05 | Dividend (0.6/- per share) | Final |
| 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 |
|---|---|---|---|---|---|---|
| 2025 | 62 | 0 | 0 | 4 | 0 | 66 |
| 2025 | 7 | 0 | 0 | 0 | 0 | 7 |
| 2025 | 3 | 0 | 0 | 4 | 0 | 8 |
Insider / Designated-Person Trades
30 recent disclosure(s)
Sumer Bimal ThakkarRevoke · 50,000
Parul Bimal ThakkarRevoke · 4,50,000
Parul Bimal ThakkarRevoke · 12,00,000
Prisha Bhavesh ThakkarAcquisition · 10,00,000
Krish Bhavesh ThakkarDisposal · 10,00,000
Parul Bimal ThakkarRevoke · 50,000
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
Investor Email[email protected]; nadiadfactory@adf-food
📍 83/86 GIDC Industrial Estate, Nadiad, Gujarat, 387001
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