Financials ADF Foods Limited NSE India S.E.

Equities

ADFFOODS

INE982B01027

Food Processing

Market Closed - NSE India S.E. Other stock markets 12:43:51 17/05/2024 BST			5-day change	1st Jan Change
233.6 ^INR	+0.54%		-0.26%	+16.71%

05-10	Transcript : ADF Foods Limited, Q4 2024 Earnings Call, May 10, 2024
05-09	ADF Foods Limited Recommends Final Dividend	CI

Valuation

Fiscal Period: March	2019	2020	2022	2023	2024	2025	2026
Capitalization ¹	4,825	3,412	16,226	16,332	25,648	-	-
Enterprise Value (EV) ¹	4,825	3,412	16,226	16,332	20,319	25,648	25,648
P/E ratio	-	7.98 x	33.2 x	29 x	27 x	33.8 x	26.2 x
Yield	-	-	-	-	0.56%	2.14%	4.28%
Capitalization / Revenue	2.09 x	1.25 x	-	3.63 x	3.91 x	4.14 x	3.48 x
EV / Revenue	2.09 x	1.25 x	-	3.63 x	3.91 x	4.14 x	3.48 x
EV / EBITDA	9.14 x	5.46 x	-	17.8 x	19.4 x	23 x	18.1 x
EV / FCF	-	-	-	-	-	-	-
FCF Yield	-	-	-	-	-	-	-
Price to Book	2.81 x	1.67 x	-	3.9 x	5.51 x	5.56 x	5.71 x
Nbr of stocks (in thousands)	100,114	100,114	104,831	109,864	109,864	-	-
Reference price ²	48.20	34.08	154.8	148.7	233.4	233.4	233.4
Announcement Date	22/05/19	11/05/20	20/05/22	06/05/23	09/05/24	-	-

¹INR in Million²INR

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March	2019	2020	2022	2023	2024	2025	2026
Net sales ¹	2,314	2,728	-	4,503	5,203	6,196	7,374
EBITDA ¹	527.8	625.3	-	918.5	1,049	1,115	1,415
EBIT ¹	-	-	-	-	893.4	1,061	1,354
Operating Margin	-	-	-	-	17.17%	17.12%	18.36%
Earnings before Tax (EBT) ¹	-	553.1	-	754.6	980.7	1,037	1,331
Net income ¹	-	427.7	481	558.5	752.9	756	970
Net margin	-	15.68%	-	12.4%	14.47%	12.2%	13.15%
EPS ²	-	4.272	4.666	5.124	6.850	6.900	8.900
Free Cash Flow	-	-	-	-	-	-	-
FCF margin	-	-	-	-	-	-	-
FCF Conversion (EBITDA)	-	-	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-	-	-
Dividend per Share ²	-	-	-	-	1.300	5.000	10.00
Announcement Date	22/05/19	11/05/20	20/05/22	06/05/23	09/05/24	-	-

¹INR in Million²INR

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: March	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3
Net sales ¹	-	1,231	1,124	-	1,321
EBITDA ¹	-	270.4	243.7	-	-
EBIT	-	-	-	-	-
Operating Margin	-	-	-	-	-
Earnings before Tax (EBT) ¹	-	228.6	202.8	214	220.4
Net income ¹	185.2	160.9	150.4	159.8	161
Net margin	-	13.07%	13.38%	-	12.18%
EPS ²	-	1.486	1.370	1.454	1.470
Dividend per Share	-	-	-	-	-
Announcement Date	30/01/23	06/05/23	07/08/23	-	-

¹INR in Million²INR

Estimates

Balance Sheet Analysis

Fiscal Period: March	2019	2020	2022	2023	2024	2025	2026
Net Debt	-	-	-	-	-	-	-
Net Cash position	-	-	-	-	-	0.1	0.1
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-
Free Cash Flow	-	-	-	-	-	-	-
ROE (net income / shareholders' equity)	14.6%	22.7%	-	14.7%	15.5%	16.9%	21.4%
ROA (Net income/ Total Assets)	-	-	-	-	-	-	-
Assets ¹	-	-	-	-	-	-	-
Book Value Per Share ²	17.20	20.40	-	38.20	42.40	42.00	40.90
Cash Flow per Share	-	-	-	-	-	-	-
Capex ¹	-	-	-	-	120	400	-
Capex / Sales	-	-	-	-	2.36%	6.46%	-
Announcement Date	22/05/19	11/05/20	20/05/22	06/05/23	09/05/24	-	-

¹INR in Million²INR

Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for ADF Foods Limited

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

233.4 INR

Average target price

222 INR

Spread / Average Target

-4.90%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

Sector Other Food Processing

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