About
ADF Foods Limited produces and exports ethnic and convenience food products in India and internationally. It operates through Process and Preserved Food; and Distribution Business segments. The company offers ready-to-eat meals; food accompaniments, such as pickles, chutneys, dips, cooking and condiment pastes, dipping and cooking sauces, spices, and other processed food products; frozen food, including snacks, parathas, samosas, Indian breads, Kathi rolls, wraps, curries, fruits, vegetables, sweets, and cooking paste cubes; condiments; marinades; curry powder; tamarind-based powder and slabs; pulp; rice; murabba; canned products; flavored milk drinks; pulses, staples, and flours; and organic and plant-based products. It offers its products under the Khansaama, Ashoka, Truly Indian, ADF Soul, Camel, and Aeroplane brands. The company sells its products to retail consumers, wholesalers, and distributors through supermarkets, ethnic food stores, quick commerce platforms, and online channels. It exports its products. The company was formerly known as American Dryfruits Ltd. and changed its name to ADF Foods Limited in March 2000. ADF Foods Limited was founded in 1932 and is based in Mumbai, India.
Key Metrics
as of Sep 2026Market Cap2,909 Cr
P/E30.10
Div Yield0.45 %
Book Value₹52.10
52w High₹347.00
52w Low₹153.00
Face Value₹2.00
Quarterly Results
Rs. Crores · hover row for definition| Metric | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sep 2023 | Jun 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 167.00 | 197.00 | 191.00 | 163.00 | 133.00 | 159.00 | 147.00 | 161.00 | 122.00 | 154.00 | 130.00 | 125.00 | 112.00 |
| Expenses | 138.00 | 162.00 | 154.00 | 127.00 | 109.00 | 134.00 | 121.00 | 134.00 | 102.00 | 119.00 | 103.00 | 103.00 | 90.00 |
| Operating Profit | 30.00 | 34.00 | 37.00 | 36.00 | 24.00 | 25.00 | 26.00 | 28.00 | 20.00 | 34.00 | 27.00 | 22.00 | 22.00 |
| OPM % | 18.00 | 17.00 | 19.00 | 22.00 | 18.00 | 16.00 | 18.00 | 17.00 | 16.00 | 22.00 | 21.00 | 17.00 | 20.00 |
| Other Income | 1.00 | 9.00 | -4.00 | 6.00 | 3.00 | 2.00 | 4.00 | 4.00 | 5.00 | 2.00 | 4.00 | 3.00 | 2.00 |
| Depreciation | 7.00 | 6.00 | 5.00 | 5.00 | 5.00 | 5.00 | 5.00 | 5.00 | 4.00 | 4.00 | 4.00 | 4.00 | 4.00 |
| Interest | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| Profit before tax | 23.00 | 36.00 | 27.00 | 36.00 | 21.00 | 21.00 | 25.00 | 26.00 | 20.00 | 31.00 | 26.00 | 21.00 | 20.00 |
| Tax % | 26.00 | 29.00 | 17.00 | 26.00 | 28.00 | 21.00 | 25.00 | 25.00 | 26.00 | 19.00 | 27.00 | 27.00 | 27.00 |
| Net Profit | 17.00 | 26.00 | 22.00 | 26.00 | 15.00 | 16.00 | 19.00 | 20.00 | 14.00 | 25.00 | 19.00 | 15.00 | 15.00 |
| EPS in Rs | 1.57 | 2.36 | 2.04 | 2.40 | 1.39 | 1.50 | 1.71 | 1.79 | 1.37 | 2.35 | 1.76 | 1.37 | 1.37 |
Profit & Loss
Annual · Rs. Crores| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 683.00 | 590.00 | 520.00 | 450.00 | 421.00 | 370.00 | 285.00 | 231.00 | 201.00 | 201.00 | 210.00 | 204.00 |
| Expenses | 552.00 | 491.00 | 415.00 | 369.00 | 354.00 | 302.00 | 232.00 | 202.00 | 182.00 | 179.00 | 190.00 | 188.00 |
| Operating Profit | 131.00 | 98.00 | 105.00 | 81.00 | 67.00 | 68.00 | 53.00 | 29.00 | 19.00 | 22.00 | 20.00 | 16.00 |
| OPM % | 19.00 | 17.00 | 20.00 | 18.00 | 16.00 | 18.00 | 19.00 | 13.00 | 10.00 | 11.00 | 9.00 | 8.00 |
| Other Income | 13.00 | 14.00 | 11.00 | 11.00 | 9.00 | 6.00 | 9.00 | 14.00 | 18.00 | 6.00 | 4.00 | 9.00 |
| Interest | 3.00 | 3.00 | 2.00 | 3.00 | 2.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| Depreciation | 21.00 | 18.00 | 16.00 | 14.00 | 9.00 | 6.00 | 6.00 | 4.00 | 4.00 | 5.00 | 12.00 | 11.00 |
| Profit before tax | 120.00 | 92.00 | 98.00 | 75.00 | 65.00 | 67.00 | 55.00 | 38.00 | 32.00 | 23.00 | 11.00 | 12.00 |
| Tax % | 25.00 | 24.00 | 25.00 | 26.00 | 26.00 | 25.00 | 22.00 | 33.00 | 44.00 | 36.00 | 39.00 | 24.00 |
| Net Profit | 90.00 | 69.00 | 74.00 | 56.00 | 49.00 | 50.00 | 43.00 | 25.00 | 18.00 | 15.00 | 7.00 | 9.00 |
| EPS in Rs | 8.18 | 6.30 | 6.85 | 5.10 | 4.59 | 5.00 | 4.27 | 2.53 | 1.70 | 1.38 | 0.60 | 0.80 |
| Dividend Payout % | 15.00 | 19.00 | 77.00 | 20.00 | 18.00 | 12.00 | 14.00 | 0.00 | 0.00 | 37.00 | 0.00 | 38.00 |
Balance Sheet
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 22.00 | 22.00 | 22.00 | 22.00 | 21.00 | 20.00 | 20.00 | 20.00 | 22.00 | 22.00 | 22.00 | 22.00 |
| Reserves | 550.00 | 470.00 | 419.00 | 397.00 | 322.00 | 253.00 | 184.00 | 151.00 | 153.00 | 145.00 | 136.00 | 131.00 |
| Borrowings | 55.00 | 59.00 | 56.00 | 55.00 | 70.00 | 1.00 | 23.00 | 0.00 | 1.00 | 5.00 | 6.00 | 18.00 |
| Other Liabilities | 114.00 | 66.00 | 53.00 | 46.00 | 55.00 | 50.00 | 37.00 | 23.00 | 30.00 | 19.00 | 21.00 | 24.00 |
| Total Liabilities | 741.00 | 618.00 | 550.00 | 520.00 | 468.00 | 324.00 | 265.00 | 195.00 | 205.00 | 191.00 | 185.00 | 194.00 |
| Fixed Assets | 258.00 | 186.00 | 182.00 | 175.00 | 160.00 | 77.00 | 77.00 | 69.00 | 80.00 | 81.00 | 83.00 | 93.00 |
| CWIP | 27.00 | 19.00 | 5.00 | 7.00 | 0.00 | 0.00 | 2.00 | 1.00 | 0.00 | 1.00 | 0.00 | 2.00 |
| Investments | 15.00 | 61.00 | 77.00 | 80.00 | 39.00 | 17.00 | 18.00 | 0.00 | 0.00 | 8.00 | 8.00 | 8.00 |
| Other Assets | 442.00 | 353.00 | 285.00 | 259.00 | 268.00 | 229.00 | 167.00 | 125.00 | 125.00 | 100.00 | 94.00 | 92.00 |
| Total Assets | 741.00 | 618.00 | 550.00 | 520.00 | 468.00 | 324.00 | 265.00 | 195.00 | 205.00 | 191.00 | 185.00 | 194.00 |
Cash Flows
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 58.00 | 37.00 | 70.00 | 51.00 | 34.00 | 36.00 | 31.00 | 20.00 | 24.00 | 17.00 | 15.00 | 6.00 |
| Cash from Investing Activity | -5.00 | -39.00 | 13.00 | -60.00 | -53.00 | -9.00 | -39.00 | -1.00 | 4.00 | -4.00 | 1.00 | 18.00 |
| Cash from Financing Activity | -24.00 | -21.00 | -63.00 | -5.00 | 33.00 | -7.00 | 14.00 | -32.00 | -11.00 | -12.00 | -18.00 | -21.00 |
| Net Cash Flow | 29.00 | -23.00 | 20.00 | -14.00 | 14.00 | 20.00 | 6.00 | -14.00 | 17.00 | 1.00 | -1.00 | 3.00 |
| Free Cash Flow | -25.00 | -4.00 | 55.00 | 24.00 | 0.00 | 32.00 | 21.00 | 15.00 | 19.00 | 14.00 | 16.00 | -7.00 |
| CFO/OP % | 70.00 | 63.00 | 89.00 | 88.00 | 72.00 | 71.00 | 83.00 | 114.00 | 168.00 | 117.00 | 121.00 | 36.00 |
Ratios
Annual · Days / % — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 77.00 | 73.00 | 76.00 | 76.00 | 61.00 | 64.00 | 68.00 | 69.00 | 78.00 | 62.00 | 63.00 | 58.00 |
| Inventory Days | 205.00 | 176.00 | 111.00 | 132.00 | 156.00 | 143.00 | 158.00 | 131.00 | 94.00 | 104.00 | 85.00 | 98.00 |
| Days Payable | 120.00 | 88.00 | 63.00 | 47.00 | 65.00 | 68.00 | 62.00 | 52.00 | 55.00 | 44.00 | 37.00 | 37.00 |
| Cash Conversion Cycle | 162.00 | 160.00 | 124.00 | 162.00 | 153.00 | 139.00 | 165.00 | 148.00 | 117.00 | 122.00 | 112.00 | 120.00 |
| Working Capital Days | 128.00 | 123.00 | 108.00 | 116.00 | 110.00 | 111.00 | 82.00 | 117.00 | 102.00 | 98.00 | 86.00 | 66.00 |
| ROCE % | 22.00 | 17.00 | 20.00 | 17.00 | 19.00 | 27.00 | 28.00 | 23.00 | 19.00 | 14.00 | 7.00 | 6.00 |
Corporate Actions
30 records| Action | Ex Date | Record Date | Ratio | Amount (₹) | Notes |
|---|---|---|---|---|---|
| Dividend | 05 Aug 2026 | 05 Aug 2026 | — | 0.60 | |
| Dividend | 13 Nov 2025 | 13 Nov 2025 | — | 0.60 | |
| Dividend | 06 Aug 2025 | 06 Aug 2025 | — | 0.60 | |
| Dividend | 06 Nov 2024 | 06 Nov 2024 | — | 0.60 | |
| Dividend | 26 Jul 2024 | 26 Jul 2024 | — | 1.20 | |
| Other | 26 Jul 2024 | — | — | — | Annual General Meeting |
| Dividend | 10 Nov 2023 | 10 Nov 2023 | — | 4.00 | |
| Split | 11 Sep 2023 | 11 Sep 2023 | 10:2 | — | |
| Dividend | 03 Aug 2023 | 03 Aug 2023 | — | 5.00 | |
| Other | 03 Aug 2023 | — | — | — | Annual General Meeting |
| Dividend | 04 Aug 2022 | — | — | 4.00 | |
| Dividend | 16 Sep 2021 | 17 Sep 2021 | — | 3.00 | |
| Other | 16 Sep 2021 | — | — | — | Annual General Meeting |
| Other | 28 Jul 2020 | — | — | — | Annual General Meeting |
| Dividend | 17 Feb 2020 | 19 Feb 2020 | — | 1.50 | |
| Dividend | 20 Nov 2019 | 21 Nov 2019 | — | 1.50 | |
| Other | 17 Sep 2019 | — | — | — | Annual General Meeting |
| Other | 05 Sep 2018 | — | — | — | Annual General Meeting |
| Dividend | 14 Aug 2017 | — | — | 2.50 | |
| Other | 20 Sep 2016 | — | — | — | Annual General Meeting |
| Dividend | 21 Sep 2015 | — | — | 1.50 | |
| Dividend | 11 Sep 2014 | — | — | 1.50 | |
| Dividend | 18 Jul 2013 | — | — | 1.50 | |
| Dividend | 26 Jul 2012 | — | — | 1.50 | |
| Dividend | 29 Jun 2011 | — | — | 1.50 | |
| Dividend | 15 Jul 2010 | — | — | 1.50 | |
| Dividend | 04 Jun 2009 | — | — | 1.50 | |
| Dividend | 26 Jun 2008 | — | — | 1.00 | |
| Dividend | 06 Dec 2007 | 08 Dec 2007 | — | 1.00 | |
| Dividend | 17 Sep 2007 | — | — | 1.00 |
Announcements
5 filingsShareholding Pattern
Open on BSEFinancial Results — Filings
Open on BSEBoard Filings
Open on BSEAnnual Reports
Credit Ratings
-
Rating update10 Aug from crisil
-
Rating update12 May 2025 from crisil
-
Rating update28 Aug 2024 from crisil
-
Rating update12 Apr 2024 from crisil
-
Rating update24 Jan 2023 from crisil
-
Rating update2 Nov 2021 from crisil