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← CockpitCompetitor Analysis › ADFFOODS.NS ADF Foods LimitedOpen in the cockpit ↗

ADF Foods LimitedADFFOODS.NSCompetitor analysis, valuation and peers

India · INR·FMCG›Food: Specialty/Candy
Momentum weak 28
Mkt cap
$280M
US dollars, full cap
Free float
25%
of shares outstanding
$/day
$216,096
20-day average traded
Fwd P/E
19.2×
forward earnings
ROIC−WACC
+1.7 pp
WACC 13.3%
Hurdle
n/a
no reverse DCF
Next earnings
100 days
14 Feb 2027
Close · INR₹240.49
1D-8.9%
1W+2.2%
1M-17.6%
3M-8.0%
6M-9.9%
YTD+17.9%
1Y+7.9%
ATR %5.3%
Beta1.07
52w lowhigh30.7% off high

What ADF Foods does

Employees: 2,186

ADF Foods at a glance

Size ADF Foods (ADFFOODS.NS) is an India Consumer Staples company (Food: Specialty/Candy) with a market value of $280M, the 1058th largest of 1,058 India companies the cockpit tracks. Shares closed at ₹240.49 on 6 Nov 2026.

Performance Over six months the shares fell 9.9%, against -7.1% for the median peer and 0.0% for the India market (cap-weighted) — 10th lowest of 21 in its peer set.

Growth Revenue grew 19.4% over the last twelve months (peer median +9.0%); the operating margin is 15.9% (peer median 5.8%).

Valuation It trades at 19.2× forward earnings against a peer median of 18.0× (4th most expensive of 11).

Capital Return on invested capital runs 1.7 points above its cost of capital (13.3% WACC).

Next results Next results expected around 14 Feb 2027 (exchange calendar; dates can move).

Relative performance

9010011011 May 202611 Aug 20266 Nov 2026Peer median 93ADFFOODS.NS 88
Six months, rebased to 100: ADF Foods against the median of its 20 peers (local-currency closes).

ADF Foods financials

Reported figures in INR; fiscal year ends 2026-03-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue₹7.18B₹6.41B₹5.58B₹5.01B₹4.44B
Revenue growth—+15%+11%+13%—
Gross profit₹3.59B₹2.38B₹1.98B₹1.91B₹1.72B
EBITDA₹1.37B₹909M₹684M₹865M₹758M
Net income₹920M₹899M₹693M₹753M₹561M
Free cash flown/a-₹243M-₹34.7M₹561M₹262M
Capital expendituren/a₹828M₹412M₹155M₹267M
Total debtn/a₹551M₹592M₹559M₹552M

Quarterly statements and history in the cockpit →

ADF Foods competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-40%-20%0%+20%-40%-20%0%122640BON2226GOPALP340411ADVENZYMES0026612207OFRM000972BEW603755Q010027723012202723YASHOADFFOODS.NS6-month return →1-month return →
Up and to the right = strong over both horizons. ADF Foods is the large dot.

Fundamentals: revenue growth against valuation

-10%0%+10%+20%10×20×30×40×122640BONGOPALP34ADVENZYMES220760375530122027238079ADFFOODS.NSRevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. ADF Foods is the large dot.

ADF Foods competitors and peer comparison

How ADF Foods compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

ADF Foods against its 20 peers (data as of 6 Nov 2026)
MeasureADFFOODS.NSPeer medianRank in peer set
1-month return-17.6%-3.8%5th lowest of 21
6-month return-9.9%-7.1%10th lowest of 21
Distance from 52-week high-30.7%-30.8%10th highest of 21
Revenue growth (TTM)+19.4%+9.0%5th highest of 21
Operating margin15.9%5.8%3rd highest of 21
Forward P/E19.2×18.0×4th most expensive of 11
ROIC minus cost of capital+1.7 pp-0.7 pp8th highest of 21
EV / EBITDA19.3×9.3×6th most expensive of 16
Net debt / EBITDA-0.2×1.1×5th least indebted of 16

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginForward P/EReq gDelivered g
ADF Foods ADFFOODS.NSIndia$280M-10%+19%16%19.2×n/an/a
YEST 122640.KSSouth Korea$283M-32%+10%6%18.5×n/an/a
Bonduelle SCA BON.PAFrance$294M0%-1%4%6.8×-3.4%+0.2%
KOIKE-YA 2226.TJapan$321M+2%+3%7%n/an/an/a
Gopal Snacks GOPAL.NSIndia$324M-26%+20%5%40.9×n/an/a
Delfi P34.SISingapore$328M-34%-2%7%10.5×-12.8%+4.2%
Lam Soon (Hong Kong) 0411.HKHong Kong$330M-4%+5%6%n/an/an/a
Advanced Enzyme Technologies ADVENZYMES.NSIndia$333M-22%+10%25%18.9×19.1%+8.3%
Chen Ke Ming Food Manufacturing 002661.SZChina$342M-22%0%-2%n/a-3.0%+1.9%
Meito 2207.TJapan$342M+3%+3%3%12.0×n/an/a
Once Upon a Farm, PBC OFRMUnited States$389M-43%+43%-6%n/an/an/a
Fujiya 2211.TJapan$393M-1%+6%1%n/an/an/a
Chalkis Health Industry 000972.SZChina$397M-9%+17%-52%n/a-6.8%+89.3%
JB Foods BEW.SISingapore$194M+6%+123%10%n/an/an/a
Qingdao Richen Food 603755.SSChina$407M-5%+11%17%33.2×20.1%+12.3%
QAF Q01.SISingapore$408M-10%0%6%n/a-10.6%+2.4%
Tianshui Zhongxing Bio-Technology 002772.SZChina$410M-54%+12%14%n/an/an/a
Kunshan Asia Aroma 301220.SZChina$413M-35%+13%6%24.8×10.8%+12.4%
Gourmet Master 2723.TWTaiwan$431M+19%-11%5%14.8×0.9%-1.7%
Shoei Foods 8079.TJapan$435M+1%+8%4%17.6×n/an/a
Yasho Industries YASHO.NSIndia$441M+122%+35%14%n/a33.4%+17.7%

Questions

Which companies are ADF Foods's closest peers?
The cockpit's peer set: YEST (122640.KS), Bonduelle SCA (BON.PA), KOIKE-YA (2226.T), Gopal Snacks (GOPAL.NS), Delfi (P34.SI), Lam Soon (Hong Kong) (0411.HK), Advanced Enzyme Technologies (ADVENZYMES.NS), Chen Ke Ming Food Manufacturing (002661.SZ).
Is ADF Foods expensive compared with its peers?
On forward p/e it trades at 19.2× against a peer median of 18.0×, 4th most expensive of 11 in its peer set.
How has ADF Foods stock performed?
Over six months to 6 Nov 2026 the shares returned -9.9% against -7.1% for the median peer; over one year +7.9%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.