Buy ADF Foods, target price Rs 898: HDFC Securities

HDFC Securities has buy call on ADF Foods with a target price of Rs 898. The current market price of ADF Foods Ltd. is Rs 826.55. Time period given by analyst is 6 months when ADF Foods Ltd. price can reach defined target.

ADF Foods Ltd., incorporated in the year 1990, is a Small Cap company (having a market cap of Rs 1725.52 Crore) operating in FMCG sector.

ADF Foods Ltd. key Products/Revenue Segments include Food Products and Export Incentives for the year ending 31-Mar-2021.



Financials
For the quarter ended 31-12-2021, the company reported a Consolidated Total Income of Rs 118.69 Crore, up 7.61 % from last quarter Total Income of Rs 110.29 Crore and up 19.28 % from last year same quarter Total Income of Rs 99.50 Crore. Company reported net profit after tax of Rs 13.61 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 31.42 per cent stake in the company as of Dec 2021 while FIIs owned 10.06 per cent, DIIs 1.66 per cent.