ADF Foods Ltd


BSE: 519183 | NSE: ADFFOODS | ISIN: INE982B01019 
Market Cap: [Rs.Cr.] 110 | Face Value: [Rs.] 10
Industry: Food - Processing - Indian

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Company Profile

Incorporated on August 27,1990 American Dry Fruits Limited went public in Oct.'91. The company was promoted by Hariram Mewawala, Ramesh Thakkar and Kishore Thakkar. Mewawala has over 60 years of business experience and was instrumental in setting up American Dry Fruits Stores, a government-recognised export house. The company operates in the agro-based industry, manufacturing and processing a wide range of canned, bottled and processed vegetables fruits and foods for the export and domestic markets (cap. : 12,600 tpa). Within the country, the company markets pickles and masalas under the brand name Mother's Recipe. The export performance of the company in the ethnic Indian food line is a major contributor to its turnover. It markets its products through American Dry Fruit Stores under the Camel, Aeroplane and Ashoka brands. ADFS has established marketing and sales network over two decades in the US, UK, Germany, west Asia, Singapore, east Asia and Australia. In 1995-96, the company successfully completed the expansion and modernisation of its existing facilites at Nadiad, Gujarat and Nashik, Maharashtra, to manufacture spices and masalas. During the year, the company's Nadiad factory has been awarded the prestigious ISO 9002 certification by BVQI, UK. The company has tied up with a new company in Sep.'97 for distribution of its products in the ethnic market as well as for introduction of select products in the mainstream market in UK. During 1999-2000, the company has launched its "MOTHER'S RECIPE" brand of South Indian Pickles in U.S. which was well received and intends to introduce in U.K. and Canada as well. Another premium brand namely "CLASSIC ASHOKA" was introduced in U.K. & U.S. markets, product range covers authentic regional pickles, cooking pastes, chutneys and ready meals. The company has changed its name to "ADF Foods Limited" from December' 1999. To launch the forzen foods in UK the company has incorporated a subsidiary company in UK in 2002-03. The company is planning to set up a factory in Gujarat as a part of its expansion plans.

Peer Comparison

Company Market Cap
(Rs. in Cr.)
P/E (TTM)
(x)
P/BV (TTM)
(x)
EV/EBIDTA
(x)
ROE
(%)
ROCE
(%)
D/E
(x)
Zydus Wellness 2,166.63 22.31 8.45 16.77 41.2 47.7 0.00
Hatsun AgroProd. 1,292.40 31.25 12.00 10.65 26.5 16.8 3.18
REI Agro 1,230.07 6.58 0.50 6.83 9.5 11.8 1.78
Kwality Dairy 627.89 5.19 3.50 8.52 67.2 23.2 4.03
KRBL 593.16 3.81 0.89 6.50 14.2 12.1 1.44
Heritage Foods 552.51 13.65 5.93 5.38 10.4 12.9 2.00
Mount Everest 484.16 0.00 11.13 0.00 0.0 0.0 0.00
Vikas Wsp 412.20 0.98 0.39 2.86 15.5 23.2 0.10
Lotte India 203.00 44.50 0.46 0.00 1.1 1.4 0.00
Lakshmi Energy 195.92 3.58 0.27 5.80 1.6 8.3 1.29
DFM Foods 174.95 25.36 5.80 12.25 39.2 30.8 1.49
Usher Agro 160.42 3.54 0.59 5.85 16.7 14.5 1.57
Vadilal Inds. 156.96 17.12 3.31 6.07 13.9 15.5 3.22
L T Foods 155.06 3.53 0.72 8.46 12.9 10.8 3.54
ADF Foods 110.00 14.01 0.79 4.31 9.2 12.9 0.13

Futures & Options Quote

 
Expiry Date
NA
Instrument: NA
Expiry Date: NA
Strike Price: NA
Open Price: NA
Average Price: NA
No. of Contracts Traded: NA
Open Interest: NA
Underlying: NA
Option Type: NA
Market Lot: NA
Previous Close: NA
Day’s High | Low: NA | NA
Turnover (Cr.): NA
Open Int. Change: NA | NA
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Key Information

Key Executives:

Ramesh H Thakkar , Chairman  

Ashok H Thakkar , Vice Chairman  

Nipun C Shah , Director  

Yasir J Varawala , Director  


Company Head Office / Quarters:
83/86 GIDC Industrial Estate,
,
Nadiad,
Gujarat-387001
Phone : 91-0268-2551381/2
Fax : 91-0268-2565068
E-mail : nadiadfactory@adf-foods.com
Web : http://www.adf-foods.com
Registrars:
Link Intime India Pvt Ltd
C-13 Pannalal Silk
Mills Cmpd LBS Marg
Bhandup West
Mumbai - 400 078

Fund Holding

 
Scheme Name No. of Shares
Sahara Growth Fund (G) 31,000

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