ADF FOODS

Is ADF Foods a good buy for the long term? - Ankush Mun­dra

Dalal Street Investment Journal - - QUERYBOARD -

ADF Foods Lim­ited, a hold­ing com­pany, is en­gaged in the busi­ness of meal ac­com­pli­ments, canned food and ready-to-eat and frozen foods. The com­pany mainly man­u­fac­tures and ex­ports food prod­ucts, in­clud­ing pick­les, chut­neys, ready-to-eat items, pastes and sauces, frozen foods and spices. It of­fers prod­ucts un­der var­i­ous brands such as Ashoka, Soul, Truly In­dian and Nate’s, among oth­ers.

On the fi­nan­cial front, ADF Food Lim­ited posted a 4.92 per cent in­crease in its rev­enue to ₹40.16 crore in the first quar­ter of FY18 as com­pared to the same quar­ter in the pre­vi­ous fis­cal. How­ever the com­pany’s PBIDT fell by 43.03 per cent to ₹3.97 crore in Q1FY18 from ₹6.96 crore in the first quar­ter of FY17. The com­pany’s profit after tax rose 0.21 per cent to ₹4.27 crore in the first quar­ter of FY18 on a yearly ba­sis.

On an an­nual ba­sis, the com­pany’s rev­enue rose 3.36 per cent to ₹159.13 crore in FY17 as com­pared to the pre­vi­ous fis­cal. The com­pany’s PBIDT fell 19.97 per cent to ₹21.76 crore in FY17 as against ₹27.19 crore in FY16. The profit after tax of the com­pany de­clined 12.27 per cent to ₹12.37 crore in FY17 as against ₹14.10 crore in the pre­vi­ous fis­cal. We rec­om­mend in­vestor-read­ers to AVOID the stock for long term in­vest­ment.

Newspapers in English

Newspapers from India

© PressReader. All rights reserved.