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ADF Foods Limited (ADFFOODS) Fair Value & Analysis

Consumer Defensive · IN · Market cap ₹29.7B

AF ADF Foods Limited ADFFOODS · BSE
Price₹270.55
Fair Value₹154.47
Upside-42.9%
Quality55/100
Expensive Growth
Solidly profitable · 12.8% net margin
Low debt · negative free cash flow
Moderate moat 60/100
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Evidence: Medium Range ₹114.98 – ₹193.15 Share as image

Fair value as of: Aug 3, 2026

From 15 valuation models · updated today

Share price −11.7% over the past month.

A solid business, but screening 43% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (₹193.15). The favourable scenario is already priced in.
  • Solid but not exceptional quality (55/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

₹346.22 ₹121.44 Fair Value ₹154.47 Mar 2021 Jul 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 3, 2026.

How to read this chart

60‑month range ₹121.44 – ₹346.22 · fair‑value band ₹114.98 – ₹193.15 · the ₹270.55 price screens above the ₹154.47 fair value. Dashed = 300-day average. As of Aug 3, 2026.

Which stocks are undervalued right now? Check free Discover now →

Analysis

ADF Foods Limited (ADFFOODS) currently trades at ₹270.55, while our model-based Fair Value estimate is ₹154.47, implying the stock looks roughly 42.9% overvalued today. We read business quality at 55/100 (solid quality), in the Consumer Defensive sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: medium).

Over the trailing twelve months, ADF Foods Limited generated revenue of ₹7.2B at a net margin of 12.8%. Revenue grew 25.9% year over year. It earns a return on equity of 16.9%. Net debt stands at ₹29.6M. Fundamentals as of Aug 3, 2026

Our scenario range runs from ₹114.98 (bear case) to ₹193.15 (bull case); at ₹270.55, the current price sits above that range. The share trades about 22% below its 52-week high and 76% above its 52-week low, currently above its 200-day average. For context, the median of 10 Consumer Defensive peers we cover trades at -11% fair-value upside, at -43%, ADFFOODS screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model BearBaseBull Evidence
Highest evidence
Residual Income ₹54.29 ₹71.46 ₹208.69 76
ROIC Compounder ₹98.00 ₹132.87 ₹179.74 72
Growth-Adj P/E ₹112.09 ₹160.13 ₹208.16 68
All 15 models by family
DCF Models
Owner Earnings ₹39.51 ₹69.47 ₹123.20 31
Earnings-Based
Graham-Dodd ₹55.66 ₹278.35 ₹384.13 54
Lynch FV ₹75.29 ₹107.55 ₹139.82 50
PEG = 1.0 ₹75.29 ₹107.55 ₹139.82 46
EPV ₹85.95 ₹99.39 ₹111.15 59
Multiples
P/E Multiple ₹122.78 ₹163.70 ₹204.63 63
P/S Multiple ₹104.36 ₹139.15 ₹173.93 58
P/B Multiple ₹104.36 ₹139.15 ₹173.93 55
EV/EBIT ₹140.03 ₹184.94 ₹229.84 53
EV/EBITDA ₹121.36 ₹160.04 ₹198.73 54
EV/Revenue ₹96.12 ₹135.04 ₹173.96 43
Asset-Based
NCAV (Graham) ₹26.03 ₹34.88 ₹52.06 50
Economic Profit
Residual Income ₹54.29 ₹71.46 ₹208.69 76
ROIC Compounder ₹98.00 ₹132.87 ₹179.74 72
Growth Earnings
Growth-Adj P/E ₹112.09 ₹160.13 ₹208.16 68

Widest divergence: Growth Earnings (₹160.13) versus Asset-Based (₹34.88). Highest evidence: Residual Income (76).

Key figures & financial health

Revenue (TTM) ₹7.2B
Revenue growth (YoY) +25.9%
Net margin 12.8%
Return on equity 16.9%
Free cash flow −₹252M FY2026
P/E ratio 32.3
More key figures
Operating margin 14.3%
EPS (TTM) ₹8.38
EPS growth (YoY) +13.0%
Net debt ₹29.6M FY2020

Figures from reported company fundamentals · as of Aug 3, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 55/100

Of which business quality 52 · Market factors (momentum, volatility) 61

Profitability 69
Margins and returns on capital today
Quality Growth 57
Are margins and returns improving?
Cashflow 13
Earnings quality: real cash, not paper profit
Fin. Strength 86
Balance sheet, leverage, solvency risk
Investment 40
Disciplined investing over empire-building
Low Volatility 62
Calm price path (market factor)
Momentum 69
Price trend over the last 3–12 months (market factor)
52W Momentum 48
Distance to the 52-week high (market factor)
Net Issuance 40
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

ADF Foods Limited engages in the manufacture and sale of various food products in India and internationally. It operates in two segments, Process and Preserved Food, and Distribution Business.

Full company description

ADF Foods Limited engages in the manufacture and sale of various food products in India and internationally. It operates in two segments, Process and Preserved Food, and Distribution Business. The company offers frozen snacks, breads, vegetables, ready-to-eat food, meal accompaniments, condiment pastes, cooking sauces, spices, and flavored drink milk, as well as mango pulps and mango slices, papads, ready-to-cook food, burritos, pickles, and chutneys. It offers its products under the Ashoka, Truly Indian, Camel, Aeroplane, ADF Soul, Khansaama, Nate's, and PJ's Organics brand names. The company also exports its products in North America, Europe, the Middle East, and the Asia-Pacific. ADF Foods Limited was founded in 1932 and is based in Mumbai, India.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

ADF Foods Limited reported revenue of ₹6.4B in FY2026 versus ₹4.1B in FY2022, a compound +12.1%/yr. Reported net income was ₹899M in FY2026, compounding +16.9%/yr from FY2022.

Growth Quality 62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2026)
₹6.4B
Latest YoY
+15.0%
Avg. growth/yr (3Y)
+12.5%
Avg. growth/yr (5Y)
+12.2%
Avg. growth/yr (7Y)
+15.7%
Revenue +12.1%/yr
FY22 ₹4.1B
FY23 ₹4.5B
FY24 ₹5.0B
FY25 ₹5.6B
FY26 ₹6.4B
Net income +16.9%/yr
FY22 ₹481M
FY23 ₹561M
FY24 ₹753M
FY25 ₹693M
FY26 ₹899M

ADFFOODS screens 43% overvalued. Compare with Nestlé India Limited →

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Cite: Fair Value Calculator (2026). "ADF Foods Limited Fair Value". https://www.fairvalue-calculator.com/stock/ADFFOODS.BSE

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Packaged Foods stocks, each showing price versus our Fair Value estimate (as of Aug 3, 2026).

Stock Price Fair Value vs Fair Value
Nestlé India Limited NESTLEIND ₹1,427 ₹362.37 -75%
Uni-President Enterprises Corp 1216 79.00 TWD 68.72 TWD -13%
Britannia Industries Limited BRITANNIA ₹5,413 ₹1,870 -65%
Tata Consumer Products Limited TATACONSUM ₹1,089 ₹327.27 -70%
PT Indofood CBP Sukses Makmur Tbk ICBP 6,650 IDR 15,757 IDR +137%
Samyang Foods Co 003230 1,139,000 KRW 1,010,543 KRW -11%
Patanjali Foods Limited PATANJALI ₹413.80 ₹157.04 -62%
Vietnam Dairy Products Joint Stock Company VNM 58,500 VND 68,259 VND +17%
PT Mayora Indah Tbk, MYOR 1,750 IDR 2,699 IDR +54%
PT Cisarua Mountain Dairy Tbk CMRY 4,490 IDR 4,355 IDR -3%

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Frequently asked questions

Is ADF Foods Limited (ADFFOODS) overvalued or undervalued?
As of Aug 3, 2026, our model estimates a fair value of ₹154.47 versus a price of ₹270.55, about −43% (overvalued).
What is the fair value of ADFFOODS?
Our model-based fair value for ADF Foods Limited is ₹154.47 (as of Aug 3, 2026), built from audited fundamentals. The current price is ₹270.55.
What is the quality score of ADFFOODS?
ADF Foods Limited has a Quality Score of 55/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of ADF Foods Limited (ADFFOODS)?
ADF Foods Limited reported trailing-twelve-month revenue of about ₹7.2B (latest available figure, as of Aug 3, 2026).
What is the net profit margin of ADFFOODS?
The net profit margin of ADF Foods Limited is about 12.8%, meaning it keeps roughly 12.8% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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