Regulatory
MEDIUMTrigger: Regulatory labour law change triggered a material one-time cost; no ongoing impact guided but demonstrates exposure to domestic policy changes
Monitor: regulatory
ADF Foods Ltd: Why Is It Outperforming Nifty 500?
ActiveRS +71.4%Strong8w Streak
In , ADF Foods Ltd (FMCG - Contract Mfg) is outperforming Nifty 500 with +71.4% relative strength. Fundamentals: Strong. On a 8-week streak.
ADF Foods Ltd Key Facts
- PE Ratio
- 34.8x
- Market Cap
- ₹3,301 Cr
- PAT Growth YoY
- +63%
- Revenue Growth YoY
- +24%
- OPM
- 17.0%
- RS vs Nifty 500
- +71.4%
Strong Opportunity
What's Happening
💎PE falling while earnings hold — value emerging
🌐FII stake increased 1.8% this quarter
🏛️DII accumulation — stake up 14.3%
💰Trading 41% below estimated fair value — significant discount
Key Risks
1. Regulatory
MEDIUM2. Fx
LOW3. Geopolitical
MEDIUMKey Numbers
PAT Growth YoY
+63%
Stable
Revenue YoY
+24%
Stable
Operating Margin
17.0%
+100 bps YoY
PE Ratio
34.8
Current Price
₹300
Dividend Yield
0.40%
Fundamental Score
67/100
Strong
3Y PAT CAGR
+17%
Market Cap
3.3K Cr
Valuation
Significantly Undervalued12-Week Performance
Weekly presence in the outperformers list. Green = beating Nifty 500 by 10%+ that week.
12 weeks agoThis week
What Are the Key Risks for ADF Foods Ltd?
Earnings deceleration risks from management commentary
Fx
LOWTrigger: Net exporter with no hedging; rupee strengthening will dilute forex gains that boosted Q2; margin guidance in high teens absorbs this
Monitor: fx
Geopolitical
MEDIUMTrigger: US is the largest export market; tariffs created pricing pressure at retail level; resolution creates incremental upside but lag in distributor inventory means benefit materializes with delay
Monitor: geopolitical
Commodity
LOWTrigger: Not explained on call
Monitor: commodity
Logistics
LOWTrigger: Not explained on call
Monitor: logistics
What Is ADF Foods Ltd's Management Saying?
Key quotes from recent conference calls
“This PAT excludes exceptional items of INR6.8 crores, which is a onetime charge for changes in Indian Labour Code [Risk (regulatory): MEDIUM]”
“Q3 has very negligible amount of forex in our revenues. What we anticipate is the dollar with the rupee now strengthening for the coming quarters, we would not be having too much of a gain in terms of our forex [Risk (fx): LOW]”
“despite prevailing tariff challenges, our U.S. business continues to show substantial progress, benefiting from the enhancement of our sales force and strategic distributor level changes [Risk (geopolitical): MEDIUM]”
“Not Given [Risk (commodity): LOW]”
How Fast Is ADF Foods Ltd Growing?
Revenue, profit and margin growth rates
| Metric | YoY | 3Y CAGR | Trend |
|---|---|---|---|
| Revenue | +24% | +15% | Stable |
| PAT (Net Profit) | +63% | +17% | Stable |
| OPM | 17.0% | +100 bps | Volatile |
The above analysis is parsed from publicly available earnings call transcripts. This is educational research only — not investment advice. Last updated Apr 30, 2026.
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Frequently Asked Questions: ADF Foods Ltd
Based on publicly available financial data. This is educational research, not investment advice.
What were ADF Foods Ltd's latest quarterly results?
ADF Foods Ltd's latest quarterly results (Mar 2026) show
- PAT Growth YoY: +62.5% (stable)
- Revenue Growth YoY: +23.9%
- Operating Margin: 17.0% (volatile)
Is ADF Foods Ltd's profit growing or declining?
ADF Foods Ltd's profit is growing with an stable trend.
- PAT Growth YoY: +62.5% (latest quarter)
- PAT Growth QoQ: +18.2% (sequential)
- 3-Year PAT CAGR: +17.1%
- Trend: Stable — consistent growth pattern
What is ADF Foods Ltd's revenue growth trend?
ADF Foods Ltd's revenue growth trend is stable.
- Revenue Growth YoY: +23.9%
- Revenue Growth QoQ: +3.1% (sequential)
- 3-Year Revenue CAGR: +14.9%
How is ADF Foods Ltd's operating margin trending?
ADF Foods Ltd's operating margin is volatile.
- Current OPM: 17.0%
- OPM Change YoY: +1.0% basis points
- OPM Change QoQ: -2.0% basis points
What is ADF Foods Ltd's 3-year profit and revenue CAGR?
ADF Foods Ltd's long-term compounding rates
- 3-Year Profit CAGR: +17.1%
- 3-Year Revenue CAGR: +14.9%
Is ADF Foods Ltd's growth accelerating or decelerating?
ADF Foods Ltd's earnings growth is stable with mixed signals on a sequential basis.
- YoY Acceleration: +46.7% bps
- Sequential Acceleration: +33.6% bps
What is ADF Foods Ltd's trailing twelve month (TTM) performance?
ADF Foods Ltd's trailing twelve month (TTM) performance
- TTM PAT: ₹89 Cr
- TTM PAT Growth: +29.0% YoY
- TTM Revenue: ₹684 Cr
- TTM Revenue Growth: +16.1% YoY
- TTM Operating Margin: 18.9%
Is ADF Foods Ltd overvalued or undervalued?
ADF Foods Ltd appears significantly undervalued based on our fair value analysis.
- Valuation Signal: Significantly Undervalued
- Current PE: 34.8x
- Price-to-Book: 5.8x
What is ADF Foods Ltd's current PE ratio?
ADF Foods Ltd's current PE ratio is 34.8x.
- Current PE: 34.8x
- Market Cap: 3.3K Cr
- Dividend Yield: 0.40%
How does ADF Foods Ltd's valuation compare to its history?
ADF Foods Ltd's current PE is 34.8x.
- Current PE: 34.8x
- Valuation Assessment: Significantly Undervalued
What is ADF Foods Ltd's price-to-book ratio?
ADF Foods Ltd's price-to-book ratio is 5.8x.
- Price-to-Book (P/B): 5.8x
- Book Value per Share: ₹52
- Current Price: ₹300
Is ADF Foods Ltd a fundamentally strong company?
ADF Foods Ltd is rated Strong with a fundamental score of 66.92/100. This score is calculated from objective financial metrics
- Revenue Growth YoY: +23.9% (10% weight)
- PAT Growth YoY: +62.5% (10% weight)
- PAT Growth QoQ: +18.2% (10% weight)
- Margins stable (10% weight)
Is ADF Foods Ltd debt free?
ADF Foods Ltd has a debt-to-equity ratio of N/A.
- Total Debt: ₹12 Cr
What is ADF Foods Ltd's return on equity (ROE) and ROCE?
ADF Foods Ltd's return ratios over recent years
- FY2024: ROCE 20.0%
- FY2025: ROCE 17.0%
- FY2026: ROCE 23.0%
Is ADF Foods Ltd's cash flow positive?
ADF Foods Ltd's operating cash flow is positive (FY2026).
- Cash from Operations (CFO): ₹58 Cr
- Free Cash Flow (FCF): ₹47 Cr
- CFO/PAT Ratio: 64% (adequate)
What is ADF Foods Ltd's dividend yield?
ADF Foods Ltd's current dividend yield is 0.40%.
- Dividend Yield: 0.40%
- Current Price: ₹300
Who holds ADF Foods Ltd shares — promoters, FII, DII?
ADF Foods Ltd's shareholding pattern (Mar 2026)
- Promoters: 36.1%
- FII (Foreign): 11.6%
- DII (Domestic): 23.2%
- Public: 29.1%
Is promoter holding increasing or decreasing in ADF Foods Ltd?
ADF Foods Ltd's promoter holding has remained stable recently.
- Current Promoter Holding: 36.1% (Mar 2026)
- Previous Quarter: 36.1% (Dec 2025)
- Change: 0.00% (stable)
How long has ADF Foods Ltd been outperforming Nifty 500?
ADF Foods Ltd has been outperforming Nifty 500 for 8 consecutive weeks, indicating consistent outperformance.
Is ADF Foods Ltd a new momentum entry or an established outperformer?
ADF Foods Ltd is an established outperformer with 8 weeks of consecutive Nifty 500 outperformance.
What are the key risks in ADF Foods Ltd?
ADF Foods Ltd has 5 key risks worth monitoring
- [MEDIUM] Regulatory — Regulatory labour law change triggered a material one-time cost; no ongoing impact guided but demonstrates exposure to domestic policy changes
- [LOW] Fx — Net exporter with no hedging; rupee strengthening will dilute forex gains that boosted Q2; margin guidance in high teens absorbs this
- [MEDIUM] Geopolitical — US is the largest export market; tariffs created pricing pressure at retail level; resolution creates incremental upside but lag in distributor inventory means benefit materializes with delay
- [LOW] Commodity — Not Given
What did ADF Foods Ltd's management say in the latest earnings call?
In Q3 FY26, ADF Foods Ltd's management highlighted
- "This PAT excludes exceptional items of INR6.8 crores, which is a onetime charge for changes in Indian Labour Code [Risk (regulatory): MEDIUM]"
- "Q3 has very negligible amount of forex in our revenues. What we anticipate is the dollar with the rupee now strengthening for the coming quarters, we ..."
- "despite prevailing tariff challenges, our U.S. business continues to show substantial progress, benefiting from the enhancement of our sales force and..."
Is ADF Foods Ltd worth studying for long term investment?
Based on quantitative research signals, here is why ADF Foods Ltd may be worth studying
- Earnings growing at +62.5% YoY
- Valuation: appears significantly undervalued
- Cash flow is positive — CFO ₹58 Cr
What is the investment thesis for ADF Foods Ltd?
ADF Foods Ltd investment thesis summary:
Research Signals (Bull Case)
- Revenue growing at +23.9% YoY
- Appears significantly undervalued
Risk Factors (Bear Case)
- Key risk: Regulatory
What is the future outlook for ADF Foods Ltd?
ADF Foods Ltd's forward outlook based on current data signals
- Earnings Trend: stable
- Revenue Trend: stable
- Margin Trend: volatile
- Valuation: Significantly Undervalued
- Key Risk: Regulatory
The above FAQs are generated from publicly available earnings data and conference call transcripts. This is educational research only. Sector Alpha is not SEBI registered and does not provide investment advice.