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NSE:ADFFOODS

ADF FOODS LIMITED

Fast Moving Consumer Goods › Food Products
₹239.80
at close · 28 Oct 2026
▲ 0.80 (+0.33%)

Latest filings

  1. ADF Foods: Special window open for physical share transfer and dematerialisation · Compliance
  2. ADF Foods publishes notice of loss of share certificates in newspapers · Compliance
  3. ADF Foods US unit settles Ascot case, to recover US$1.75 million · Regulatory & Legal
All filings ↓
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Snapshot

What the business is, and whether it's a good one at a fair price.

AI · written from filings

Manufactures and exports packaged ethnic Indian foods — sauces, pickles and frozen foods — under brands led by Ashoka and Truly Indian. Revenue splits into two segments: processed and preserved foods at 85% of FY26 segment revenue (INR580.86 cr) and a Distribution Business at 15% (INR102.37 cr). The product business sells to the Indian diaspora and, increasingly, to mainstream consumers abroad, with the distribution arm carrying third-party food brands. The Truly Indian brand is now in around 3,000 U.S. stores including Costco, Whole Foods and Safeway-Albertsons, and a greenfield plant at Surat commenced commercial production in March 2026. Consolidated FY26 revenue was INR683.23 cr at a 21.07% EBITDA margin; raw materials are the largest input cost at 27.6% of revenue, with other operating expenses at 33.6%.

Revenue mix · reported segments
Processed and preserved foods85.0%
Distribution Business15.0%
Operating scale
Export reach
60+ countries; 99.61% of standalone turnover from exportsFY26
Truly Indian U.S. distribution
~3,000 stores across Costco, Whole Foods, Safeway-Albertsons, Raley'sFY26
Surat greenfield plant
Commercial production commenced March 2026Q4 FY26
GCC / Middle East share
~15% of revenuesFY26
Tariff refund received
USD 2.1 million (~INR19.97 cr) from US Customs via US Supreme Court directiveQ1 FY27
Balance sheet
Net debt-free with INR78.2 cr cash surplusFY26
Who pays it
Indian diaspora and mainstream consumers abroad, supplied through retail chains like Costco, Whole Foods and Safeway-Albertsons; third-party food brands distributed via the Distribution Business.
Biggest cost
Raw materials and ingredients for food production, at 27.6% of revenue.
Kind of business
Asset-light branded packaged foods exporter with a heavy export skew and growing U.S. mainstream retail presence.
Where it sits
An Indian packaged-foods company exporting ethnic Indian sauces, pickles and frozen foods to over 60 countries, with two reporting segments — branded processed foods (Ashoka, Truly Indian) and a distribution arm — operating from facilities including a newly commissioned Surat greenfield plant.
Market Cap
₹2,635 Cr
P / E (TTM)
28.6×
EV / EBITDA
17.4×
Div Yield
0.50%
Growth
13.1%▲
Revenue 5y CAGR
PAT +12.4% · EBITDA +14.3%
Quality
16.8%▲
ROCE (5y median)
ROE 14.1% (5y median) · margin 21.1%
Leverage
0.02·
Debt / Equity · low
Net cash ₹57 Cr
Revenue FY21→FY26
1.8×▲
Margin −0.4 pts
₹369 Cr → ₹683 Cr
Cash conversion
0.74×·
Operating cash ÷ profit · 5 yrs
₹249 Cr on ₹337 Cr
Moves on a normal day
1.50%·
Median daily move
Last 267 sessions · the yardstick for filing-day moves
Where it sits among 42 Packaged Foods peersBar = share of peers beaten · tick = industry median · latest reported figures
P/E (TTM)#18/38
P/B#24/34
ROCE#8/40
ROE#8/34
Debt / Equity#11/33
EBITDA margin#4/33
Revenue growth#14/36
Profit growth#18/33

Scorecard

Measured from the filed financials, judged against its Packaged Foods peers · as of FY26 — not investment advice

Strengths
Revenue compounding 13% a year over 5 years
Profit compounding 12% a year over 5 years
Returns on capital 16.8% (5-year median)
#8 of 40 in Packaged Foods on the latest reported figures · down from 24.1% in FY21
Debt at 0.02× equity
lower than 69% of its 33 Packaged Foods peers
Concerns
EPS grew slower than profit — the share count rose (bonus or dilution)

Charts

How has the market priced it — with filings on the timeline?

ADFFOODS · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Peers

How does it stack up on valuation, returns and growth?

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Financials

Quarterly & annual P&L, balance sheet, cash flow, ratios and segments.

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Ownership

Who owns it — and is the promoter stake clean?

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Common questions

Answered from ADF FOODS LIMITED's filed financials and exchange disclosures

What does ADF FOODS LIMITED do?

ADF FOODS LIMITED is a Food Products company listed on NSE and BSE, trading under the symbol ADFFOODS.

Is ADF FOODS LIMITED profitable?

Yes. Over the trailing twelve months ADF FOODS LIMITED reported a net profit of ₹92 Cr on revenue of ₹718 Cr.

Does ADF FOODS LIMITED pay a dividend?

Yes. The dividend yield is 0.50% at the current price. It paid out 15% of its profit as dividend in FY26.

Is ADF FOODS LIMITED debt-free?

On a net basis, yes. It reported borrowings of ₹8.75 Cr on its 31 Mar 2026 balance sheet, but holds ₹57 Cr more cash than debt.

Is ADF FOODS LIMITED expensive compared with its peers?

On trailing P/E, ADF FOODS LIMITED ranks 18 of 38 in Packaged Foods — cheaper than 54% of them, against an industry median of 29.5×. This is a position, not a valuation judgement.

How much does the ADF FOODS LIMITED share price move in a day?

On a typical session ADF FOODS LIMITED moves 1.50% — that is the median absolute close-to-close move across its last 267 trading days. MarketPing measures each filing's price reaction against it.

Where can I track ADF FOODS LIMITED's announcements?

Every NSE and BSE filing by ADF FOODS LIMITED appears on this page, AI-summarised, alongside the price reaction that followed it. Follow the company to get each new filing on WhatsApp within minutes.

Figures are as last reported and may lag the latest filing. Not investment advice.