ADF Foods Share Price ₹269.55 | P/E 30.6

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Financials of ADF Foods

Quarter-by-quarter operating performance

	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
Sales +	123	112	125	130	154	122	161	147	159	133	163	191	197
Expenses +	97	90	103	103	119	102	134	121	134	109	127	154	162
Operating Profit	26	22	22	27	34	20	28	26	25	24	36	37	34
OPM %	21%	20%	17%	21%	22%	16%	17%	18%	16%	18%	22%	19%	17%
Other Income +	1	2	3	4	2	5	4	4	2	3	6	-4	9
Interest	1	1	1	1	1	1	1	1	1	1	1	1	1
Depreciation	4	4	4	4	4	4	5	5	5	5	5	5	6
Profit before tax	23	20	21	26	31	20	26	25	21	21	36	27	36
Tax %	30%	27%	27%	27%	19%	26%	25%	25%	21%	28%	26%	17%	29%
Net Profit +	16	15	15	19	25	14	20	19	16	15	26	22	26
EPS in Rs	1.49	1.37	1.37	1.76	2.35	1.37	1.79	1.71	1.50	1.39	2.40	2.04	2.36

Financials of ADF Foods

Annual income statement trend

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Sales +	204	210	201	201	231	285	370	421	450	520	590	683
Expenses +	188	190	179	182	202	232	302	354	369	415	491	553
Operating Profit	16	20	22	19	29	53	68	67	81	105	98	131
OPM %	8%	9%	11%	10%	13%	19%	18%	16%	18%	20%	17%	19%
Other Income +	9	4	6	18	14	9	6	9	11	11	14	13
Interest	1	1	1	1	1	1	1	2	3	2	3	3
Depreciation	11	12	5	4	4	6	6	9	14	16	18	21
Profit before tax	12	11	23	32	38	55	67	65	75	98	92	120
Tax %	24%	39%	36%	44%	33%	22%	25%	26%	26%	25%	24%	25%
Net Profit +	9	7	15	18	25	43	50	49	56	74	69	90
EPS in Rs	0.80	0.60	1.38	1.70	2.53	4.27	5.00	4.59	5.10	6.85	6.30	8.18
Dividend Payout %	38%	0%	37%	0%	0%	14%	12%	18%	20%	77%	19%	15%

Financials of ADF Foods

Capital structure and asset base

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	22	22	22	22	20	20	20	21	22	22	22	22
Reserves	131	136	145	153	151	184	253	322	397	419	470	550
Borrowings +	18	6	5	1	0	23	1	70	55	56	59	12
Other Liabilities +	24	21	19	30	23	37	50	55	46	53	66	170
Total Liabilities	194	185	191	205	195	265	324	468	520	550	618	755
Fixed Assets +	93	83	81	80	69	77	77	160	175	182	186	258
CWIP	2	0	1	0	1	2	0	0	7	5	19	27
Investments	8	8	8	0	0	18	17	39	80	77	61	15
Other Assets +	92	94	100	125	125	167	229	268	259	285	353	455
Total Assets	194	185	191	205	195	265	324	468	520	550	618	755

Financials of ADF Foods

Operating, investing and financing cash movement

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from Operating Activity +	6	15	17	24	20	31	36	34	51	70	37	58
Cash from Investing Activity +	18	1	-4	4	-1	-39	-9	-53	-60	13	-39	-11
Cash from Financing Activity +	-21	-18	-12	-11	-32	14	-7	33	-5	-63	-21	-24
Net Cash Flow	3	-1	1	17	-14	6	20	14	-14	20	-23	22
Free Cash Flow	-7	16	14	19	15	21	32	-0	24	55	-4	-25
CFO/OP	36%	121%	117%	168%	114%	83%	71%	72%	88%	89%	63%	70%

Financials of ADF Foods

Working capital efficiency and return ratios

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	58	63	62	78	69	68	64	61	76	76	73	77
Inventory Days	98	85	104	94	131	158	143	156	132	111	165	160
Days Payable	37	37	44	55	52	62	68	65	47	63	83	93
Cash Conversion Cycle	120	112	122	117	148	165	139	153	162	124	155	143
Working Capital Days	66	86	98	102	117	82	111	110	116	108	123	136
ROCE %	6%	7%	14%	19%	23%	28%	27%	19%	17%	20%	17%	23%

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