Avanti Feeds Ltd
Avanti Feeds Ltd. manufactures and sells shrimp feed, and exports processed shrimp.[1]
- Market Cap ₹ 7,148 Cr.
- Current Price ₹ 525
- High / Low ₹ 599 / 358
- Stock P/E 20.4
- Book Value ₹ 161
- Dividend Yield 1.19 %
- ROCE 18.3 %
- ROE 13.4 %
- Face Value ₹ 1.00
Pros
- Company is almost debt free.
- Company has been maintaining a healthy dividend payout of 30.9%
- Company's median sales growth is 18.0% of last 10 years
Cons
- The company has delivered a poor sales growth of 8.44% over past five years.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Sector: FMCG Industry: Food - Processing - Indian
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
383 | 626 | 1,093 | 1,709 | 1,935 | 2,616 | 3,393 | 3,488 | 4,115 | 4,101 | 5,036 | 5,087 | 5,178 | |
338 | 575 | 982 | 1,526 | 1,704 | 2,284 | 2,708 | 3,078 | 3,659 | 3,639 | 4,722 | 4,692 | 4,717 | |
Operating Profit | 45 | 52 | 112 | 182 | 231 | 332 | 684 | 410 | 456 | 461 | 314 | 395 | 462 |
OPM % | 12% | 8% | 10% | 11% | 12% | 13% | 20% | 12% | 11% | 11% | 6% | 8% | 9% |
3 | 1 | 4 | 9 | 20 | 23 | 49 | 59 | 71 | 93 | 54 | 79 | 120 | |
Interest | 4 | 4 | 4 | 3 | 3 | 5 | 5 | 5 | 4 | 3 | 4 | 4 | 2 |
Depreciation | 4 | 5 | 6 | 9 | 10 | 14 | 24 | 36 | 38 | 41 | 41 | 43 | 54 |
Profit before tax | 40 | 44 | 105 | 180 | 238 | 337 | 704 | 428 | 485 | 510 | 324 | 427 | 526 |
Tax % | 30% | 32% | 34% | 35% | 33% | 33% | 34% | 28% | 20% | 22% | 24% | 27% | |
28 | 30 | 70 | 116 | 158 | 226 | 466 | 307 | 386 | 397 | 245 | 312 | 383 | |
EPS in Rs | 2.34 | 2.21 | 5.18 | 8.52 | 11.56 | 15.83 | 32.78 | 20.08 | 25.43 | 26.43 | 16.26 | 20.45 | 25.43 |
Dividend Payout % | 19% | 20% | 19% | 22% | 20% | 19% | 12% | 20% | 20% | 24% | 38% | 31% |
Compounded Sales Growth | |
---|---|
10 Years: | 23% |
5 Years: | 8% |
3 Years: | 7% |
TTM: | -3% |
Compounded Profit Growth | |
---|---|
10 Years: | 25% |
5 Years: | -10% |
3 Years: | -8% |
TTM: | 27% |
Stock Price CAGR | |
---|---|
10 Years: | 29% |
5 Years: | 6% |
3 Years: | 1% |
1 Year: | 45% |
Return on Equity | |
---|---|
10 Years: | 24% |
5 Years: | 18% |
3 Years: | 15% |
Last Year: | 13% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 8 | 9 | 9 | 9 | 9 | 9 | 9 | 14 | 14 | 14 | 14 | 14 | 14 |
Reserves | 86 | 116 | 170 | 256 | 414 | 626 | 1,022 | 1,192 | 1,390 | 1,748 | 1,882 | 2,082 | 2,177 |
50 | 61 | 56 | 58 | 11 | 19 | 7 | 9 | 2 | 4 | 4 | 3 | 10 | |
39 | 62 | 163 | 154 | 189 | 414 | 488 | 400 | 475 | 517 | 617 | 636 | 774 | |
Total Liabilities | 183 | 248 | 398 | 478 | 623 | 1,069 | 1,526 | 1,615 | 1,880 | 2,282 | 2,516 | 2,735 | 2,974 |
43 | 51 | 78 | 90 | 104 | 160 | 312 | 293 | 271 | 292 | 273 | 398 | 428 | |
CWIP | 2 | 2 | 5 | 0 | 42 | 94 | 2 | 9 | 26 | 6 | 40 | 34 | 35 |
Investments | 45 | 35 | 40 | 111 | 33 | 360 | 584 | 630 | 680 | 1,235 | 931 | 1,005 | 918 |
93 | 161 | 276 | 277 | 444 | 454 | 628 | 683 | 903 | 749 | 1,272 | 1,298 | 1,594 | |
Total Assets | 183 | 248 | 398 | 478 | 623 | 1,069 | 1,526 | 1,615 | 1,880 | 2,282 | 2,516 | 2,735 | 2,974 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
50 | -21 | 56 | 89 | 122 | 278 | 281 | 184 | 178 | 383 | -212 | 451 | |
-17 | 5 | -39 | -84 | 18 | -408 | -269 | -27 | -79 | -366 | 299 | -416 | |
-14 | 1 | -13 | -12 | -74 | 101 | -45 | -106 | -141 | 15 | -68 | -65 | |
Net Cash Flow | 19 | -14 | 4 | -6 | 66 | -30 | -34 | 51 | -42 | 31 | 18 | -30 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 15 | 23 | 15 | 7 | 7 | 3 | 5 | 5 | 8 | 6 | 8 | 9 |
Inventory Days | 55 | 71 | 84 | 59 | 68 | 63 | 79 | 51 | 61 | 63 | 85 | 71 |
Days Payable | 16 | 15 | 51 | 24 | 34 | 44 | 43 | 24 | 24 | 27 | 26 | 25 |
Cash Conversion Cycle | 54 | 80 | 48 | 42 | 41 | 22 | 41 | 32 | 44 | 42 | 67 | 55 |
Working Capital Days | 30 | 50 | 33 | 26 | 29 | 15 | 29 | 26 | 36 | 34 | 57 | 46 |
ROCE % | 33% | 29% | 52% | 65% | 62% | 57% | 74% | 33% | 32% | 26% | 15% | 18% |
Documents
Announcements
- Publication Of Notice In Newspapers In Connection With Loss Of Share Certificate. 16 Apr
- Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A 11 Apr
- Certificate Under Regulation 40(9) Of The SEBI (LODR) Regulations, 2015 For The Year Ended March 31, 2024. 11 Apr
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
4 Apr - Certificate under regulation 74(5) of SEBI (Depositories and Participants) Regulation, 2018
- Intimation Of Commencement Of Trail Production At The Newly Established Shrimp Processing Plant Of Avanti Frozen Foods Pvt Ltd, Subsidiary. 4 Apr
Annual reports
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
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Concalls
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Feb 2024TranscriptPPT
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Nov 2023Transcript PPT REC
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Nov 2021TranscriptPPT
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Jul 2021Transcript PPT
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Mar 2021TranscriptPPT
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Feb 2021TranscriptNotesPPT
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Nov 2019TranscriptPPT
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Dec 2018TranscriptPPT
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Aug 2018TranscriptNotesPPT
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Dec 2017TranscriptPPT
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May 2017Transcript PPT
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Shrimp Feed Business (81% of 9MFY24 revenues)[1]
The company is the largest producer of shrimp feed in India with a market share of ~45% in the domestic feed business.[2]
It sold and produced ~4,06,995 MT of shrimp feed in 9MFY24.[3]
The feed is sold in India, Bangladesh and Sri Lanka.[4]