Avanti Feeds Ltd

Avanti Feeds Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Avanti Feeds Ltd

₹ 875 -4.16%
01 Apr 11:44 a.m.
avantifeeds.com BSE: 512573 NSE: AVANTIFEED
About

Avanti Feeds Ltd. manufactures and sells shrimp feed, and exports processed shrimp.[1]

Key Points

Business Portfolio[1][2]
Avanti Feeds is a leading aquaculture company, specializing in:
a) Shrimp Feed Manufacturing: Supplying high-quality feed to shrimp farmers.
b) Shrimp Processing & Export: Exporting frozen shrimp to global markets.
c) Hatchery Operations: Producing high-quality shrimp larvae.
d) Pet Care: Incorporated in 2023, Avanti Feeds Limited expanded into the pet care industry by establishing Avanti Pet Care Private Limited (APCPL) as a subsidiary. APCPL focuses on manufacturing high-quality pet care products, leveraging Avanti Feeds’ expertise in animal nutrition and feed formulation.

Website BSE NSE
  • Market Cap ₹ 11,924 Cr.
  • Current Price ₹ 875
  • High / Low ₹ 965 / 483
  • Stock P/E 27.1
  • Book Value ₹ 155
  • Dividend Yield 0.76 %
  • ROCE 20.2 %
  • ROE 15.2 %
  • Face Value ₹ 1.00
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Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 35.6%

Cons

  • The company has delivered a poor sales growth of 9.39% over past five years.
  • Company has a low return on equity of 13.1% over last 3 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

Part of BSE Fast Moving Consumer Goods BSE Allcap BSE SmallCap Nifty Microcap 250 Nifty Total Market

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024
808 1,039 1,307 1,021 858 856 1,327 1,034 933 997 1,273 1,079 1,045
764 944 1,229 983 802 760 1,218 970 873 895 1,139 966 903
Operating Profit 44 95 78 38 56 96 109 64 60 102 134 113 142
OPM % 5% 9% 6% 4% 7% 11% 8% 6% 6% 10% 11% 10% 14%
11 12 5 19 20 19 24 30 25 26 26 38 32
Interest 0 0 0 0 0 0 0 0 0 0 0 0 0
Depreciation 5 5 5 5 6 7 8 8 8 8 6 7 7
Profit before tax 50 102 77 52 70 107 125 86 76 119 153 145 167
Tax % 23% 26% 25% 23% 26% 22% 25% 24% 26% 23% 25% 27% 24%
38 75 58 40 52 83 94 66 57 92 115 106 127
EPS in Rs 2.80 5.53 4.24 2.95 3.80 6.10 6.87 4.84 4.17 6.72 8.42 7.81 9.33
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
626 1,093 1,709 1,935 2,231 2,815 2,738 3,163 3,243 4,048 4,041 4,290 4,394
575 982 1,530 1,704 1,935 2,204 2,430 2,824 2,880 3,821 3,773 3,955 3,903
Operating Profit 52 112 179 232 296 611 308 339 363 227 269 335 491
OPM % 8% 10% 10% 12% 13% 22% 11% 11% 11% 6% 7% 8% 11%
1 4 12 14 16 35 50 61 64 60 63 105 121
Interest 4 4 3 3 4 2 2 2 1 2 2 1 1
Depreciation 5 6 9 9 12 15 20 21 21 21 23 32 28
Profit before tax 44 105 180 233 296 629 336 376 404 264 307 407 583
Tax % 32% 34% 35% 33% 34% 34% 33% 24% 24% 25% 24% 24%
30 70 117 155 196 415 223 286 305 199 233 308 440
EPS in Rs 2.22 5.13 8.57 11.40 14.42 30.47 16.40 20.99 22.41 14.63 17.09 22.61 32.28
Dividend Payout % 20% 20% 21% 20% 21% 13% 24% 24% 28% 43% 37% 28%
Compounded Sales Growth
10 Years: 15%
5 Years: 9%
3 Years: 10%
TTM: 6%
Compounded Profit Growth
10 Years: 15%
5 Years: 6%
3 Years: 2%
TTM: 47%
Stock Price CAGR
10 Years: 24%
5 Years: 26%
3 Years: 30%
1 Year: 82%
Return on Equity
10 Years: 22%
5 Years: 16%
3 Years: 13%
Last Year: 15%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 9 9 9 9 9 9 14 14 14 14 14 14 14
Reserves 111 165 251 406 564 929 1,049 1,186 1,490 1,602 1,750 1,972 2,101
60 56 58 10 3 0 0 0 1 2 1 1 1
62 163 154 180 285 330 215 253 265 321 300 317 497
Total Liabilities 242 392 472 606 862 1,268 1,277 1,453 1,769 1,939 2,065 2,303 2,612
51 78 90 79 134 171 156 146 157 148 236 258 285
CWIP 2 5 0 35 0 0 8 23 0 23 20 3 4
Investments 29 34 105 112 373 654 698 683 1,192 929 909 700 1,354
161 277 278 380 355 442 415 601 419 839 899 1,342 969
Total Assets 242 392 472 606 862 1,268 1,277 1,453 1,769 1,939 2,065 2,303 2,612

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-21 56 90 174 288 328 124 131 340 -179 288 177
5 -39 -84 -35 -279 -301 -15 13 -314 280 -230 -108
1 -13 -12 -74 -48 -52 -103 -149 1 -86 -84 -85
Net Cash Flow -14 4 -6 66 -39 -26 6 -6 27 16 -26 -17

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 23 15 7 3 2 2 2 4 2 2 6 3
Inventory Days 73 84 59 54 60 71 37 52 44 73 59 67
Days Payable 15 51 24 32 49 50 26 28 30 26 26 28
Cash Conversion Cycle 82 48 42 24 14 24 13 28 16 49 39 43
Working Capital Days 50 33 26 23 7 14 8 21 12 40 33 36
ROCE % 30% 53% 65% 64% 60% 83% 32% 33% 26% 15% 17% 20%

Shareholding Pattern

Numbers in percentages

15 Recently
Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024
43.68% 43.68% 43.28% 43.28% 43.28% 43.28% 43.28% 43.28% 43.25% 43.23% 43.23% 43.23%
15.16% 14.02% 14.06% 12.67% 12.71% 13.06% 13.50% 13.47% 14.11% 14.28% 14.40% 14.47%
8.18% 8.73% 8.62% 8.75% 9.54% 9.08% 8.81% 8.64% 7.47% 6.41% 5.82% 5.49%
2.72% 2.72% 2.72% 2.72% 2.72% 2.72% 2.72% 2.72% 2.72% 2.72% 2.72% 2.72%
30.26% 30.85% 31.33% 32.57% 31.73% 31.87% 31.70% 31.88% 32.44% 33.36% 33.85% 34.10%
No. of Shareholders 1,05,5481,09,0891,05,5671,15,1761,13,7301,12,3441,09,2951,08,9831,10,9021,21,2681,41,0061,42,103

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Documents

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