Buy ADF Foods, target price Rs 300: Anand Rathi

Anand Rathi has buy call on ADF Foods with a target price of Rs 300. The current market price of ADF Foods Ltd. is Rs 249.9. ADF Foods Ltd., incorporated in the year 1990, is a Small Cap company (having a market cap of Rs 2747.14 Crore) operating in FMCG sector.

ADF Foods Ltd. key Products/Revenue Segments include Food Products and Export Incentives for the year ending 31-Mar-2023.



Financials
For the quarter ended 30-06-2023, the company reported a Consolidated Total Income of Rs 114.87 Crore, down -7.13 % from last quarter Total Income of Rs 123.69 Crore and up 13.33 % from last year same quarter Total Income of Rs 101.36 Crore. Company reported net profit after tax of Rs 14.73 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 36.29 per cent stake in the company as of 30-Sep-2023, while FIIs owned 9.57 per cent, DIIs 7.91 per cent.