This is a FMCG branded food company that makes ready to eat north/ south Indian food, masalas, pickles, instant mixes etc.

 

Market Cap: Rs. 67 crores

P/E: 6

Div Yield: 4%

RoE: 12%

4 Yr Sales Growth: 11%

4 Yr Profit Growth: 60%

FY09 Sales/Profits: Rs. 95 crores and Rs. 9.8 crores

Div/share from FY05 to FY09: Rs. 1.00, 1.00, 1.00, 2.00, 1.50

 

The only fly in the soup is that this is a 100% export company, targeting NRIs in USA, Europe, Middle east etc. That probably explains the snail like topline growth. Currency fluctuations can mess up the bottomline.

 

However, according to their latest annual report, they do plan to market their products in India too.

 

 

 

 

But Detective Google is not able to find any info on this litigation. Do you have any link pointing to this?

 

Also, ADF Foods annual report says -

 

As of 31 March 2009, the Company has no material litigation claims outstanding, pending or threatened against, which could have a material effect on the Company’s financial position or results of operations.

 

Results look neat - decent topline growth too!