ADF Foods 519183 : A safe stock for investment at CMP of Rs 61-62

ADF is major Food Processing Company manufacturing Ethnic Indian pickles, chutneys, canned foods frozen foods and spices under various Brand Names which are today leaders in their segments and categories.

Almost debt free food company with a turnover of approx 140 crores growing at rate of 10% good half yearly results delivered EPS of 4 should deliver EPS of approximately 8-9 and by next year the EPS could touch 10-11 available at PE multiple of .The stock in 1-2 year could touch 100-110.Company has paid dividend 15% dividend consistently for last 5 years.

It's a small cap FMCG looking good at current levels  long term investors should invest for 1-2 year for decent safe returns in range of 40-50% yearly