Agro Tech Foods Ltd

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NSEBSE

820.10-186.85 (-18.56%)

03:49 PM,1st Mar 2024

824.00-173.85 (-17.42%)

04:01 PM,1st Mar 2024

BSE : 500215

NSE : ATFL

Sector : Agri and agri inputs

ISIN Code : INE209A01019

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Last Updated: Mar 01 2024 | 04:01 PM IST

Market Cap (₹ Cr)

1998

Turnover (₹ Cr)

4.98

Volume (Shares)

606708

Face Value

10

52-WK High

1090.00

52-WK High Date

29 Feb 2024

52-WK Low

745.15

52-WK Low Date

17 May 2023

All Time High

1144.00

All Time High Date

20 Jul 2021

All Time Low

24.50

All Time Low Date

30 Apr 2003

Agro Tech Foods Ltd

Agro Tech Foods Limited is a company with a dominant market position in the edible oils and branded foods sector in India. ConAgra Foods Inc of USA world's third largest foods company along with Tiger Brands of South Africa holds a majority stake of 51.3 percent in Agro Tech Foods Limited through CAG Tech Holdings Mauritius. The company was incorporated in November 1986 as ITC Agro-Tech to enter the oil seed and edible oils business. In October 1997 ConAgra acquired a 51.3 per cent stake in the company through its investment arm CAG-Tech Mauritius. At present CAG-Tech Mauritius holds 49.24% of the total paid-up capital of the company . ConAgra is a diversified international food company operating across the food chain in over 35 countries. ITC Agro-Tech's name was changed to Agro-Tech Foods in July 2000. The company with ConAgra firmly at the helm plans to emerge as a major player in the foods and edible oils business. The Company plans to launch a new branded food product in the country every six months. The company has well known brands like Sundrop Health World ACT II and Rath in its portfolio. The company has two business segments namely Branded Foods Segment and Bulk and Processed Commodities Segment.In 1992-93 the company came out with a rights issue on preferential basis aggregating to 4084257 Equity Shares of Rs.10/- each at a premium of Rs.90 per share.In 1994-95 the company acquired the use of Brands Trade Marks & Logos of the edible oil business from ITC Ltd in March 1995 for a consideration of Rs.25 crores.During 1995-96 the company has disinvested the entire equity stake in its subsidiary ITC Agro-Tech Finance and Investments Ltd.In association with ConAgra of the US its parent company ATFL has already forayed into the dry grocery category with the launch of Healthy World atta in the Tamil Nadu and Andhra Pradesh markets in November 1999. In the next 3-5 years the company would be spending Rs. 50-60 crores on expanding its distribution network and market base apart from promoting its products.As per the Agreement between ITC Affiliates and CAG-Tech (Mauritius) Ltd upon expiration of a period not exceeding three years from 7th October 1997 use of the 'ITC' prefix was to be discontinued from the name of the company. Accordingly the name was changed from ITC Agro-Tech Ltd to Agro Tech Foods Ltd with effect from 29th June 2000.The Company entered the hard fats business with acquisition of the Vanaspati brand Rath in June 2000. Healthy World Green Peas was launched in June 2000 in northern markets and subsequently extended to the rest of the country. The Company divested its entire equity in Palmtech India Ltd in favour of Kumpulan Emas Berhad (KEB). During 2001-02 the company has commenced implementation of an integrated IT solution and this latest solution is being offered from Oracle Corporation.The Company has disinvested its equity stake in Advanta India Limited on 31st of July 2005. A new initiative for manufacturing Instant Popcorn (IPC) in an excise-exempt location in Uttaranchal was successfully completed in February 2006.In 2006-07 a new variant - Sundrop Olivea was launched in Bangalore. Instant popcorn low unit outlay pack at Rs. 5 was launched nationally.In 2019 Peanut Butter & Jelly Premium Caramel Bliss variants Better for You variants in Peanut Butter and Ready to Eat Cereal Snacks were launched. The Company initiated commercial production at the plant in Dhaka Bangladesh in 2022.In FY'23 the Company also expanded the portfolio with the introduction of Value Added Oats.

Agro Tech Foods Ltd - Key Fundamentals

PARAMETER VALUES
Market Cap (₹ Cr)

1998

EPS - TTM (₹) [S]

5.32

P/E Ratio (X) [S]

4.09

Face Value (₹) 10
Latest Dividend (%)30.00
Latest Dividend Date 04 Jul 2023
Dividend Yield (%) 0.36
Book Value Share (₹) [S]200.27
P/B Ratio (₹) [S]4.09
[*C] Consolidated [*S] Standalone

Funds Owing this Stock

Scheme Name Amount Invested ( ₹ Cr ) No Of Shares Net Asset (%)
Tata Small Cap Fund - Regular (G) 133.06 1580134 2.17
Tata Small Cap Fund - Regular (IDCW) 133.06 1580134 2.17
Tata Small Cap Fund - Direct (G) 133.06 1580134 2.17
Tata Small Cap Fund - Direct (IDCW) 133.06 1580134 2.17
Tata Small Cap Fund - Regular (IDCW) RI 133.06 1580134 2.17
Tata Small Cap Fund - Direct (IDCW) RI 133.06 1580134 2.17
Tata Hybrid Equity Fund - Regular (G) 16.89 200530 0.47
Tata Hybrid Equity Fund - Regular (IDCW) 16.89 200530 0.47
Tata Hybrid Equity Fund - Regular (IDCW-M) 16.89 200530 0.47
Tata Hybrid Equity Fund - Direct (G) 16.89 200530 0.47

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Research Reports

Date BrokerActionPrices(Rs)Report
Data Not Found

Stock Strength

Today's Low/High

805.65

954.80

Week Low/High

805.65

1090.00

Month Low/High

805.65

1090.00

Year Low/High

745.15

1090.00

All time Low/High

24.00

1144.00

Share Price Returns

Period BSENSE SENSEXNIFTY
1 Week-15.58%-15.48%0.820.57%
1 Month-2.74%-2.93%2.932.96%
3 Month-6.40%-6.51%9.2810.22%
6 Month-0.13%-0.19%12.7814.94%
1 Year-5.16%-5.03%24.1328.01%
3 Year0.64%0.69%47.9351.33%

Company Info

Company Information

Independent Director : D B Singh

Independent Director : Sanjaya Kulkarni

Independent Director : Arun Bewoor

Independent Director : Narendra Ambwani

Independent Director : Veena Vishindas Gidwani

Managing Director & CEO : Sachin Gopal

Company Sec. & Compli. Officer : Jyoti Chawla

Chairman (Non-Executive) : James Patrick Kinnerk

Director : Pedro Labayen de Inza

Director : Trevor John Foster

Registered Office: 31 Sarojini Devi Road, 2nd Floor,Secunderabad,Telangana-500003 Ph: 91-040-66650240/66333444

Email:jyoti.chawla@atfoods.com

URL:http://www.atfoods.com