Avanti Feeds Ltd

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

Avanti Feeds Ltd

₹ 617 1.37%
22 Jul 4:01 p.m.
avantifeeds.com BSE: 512573 NSE: AVANTIFEED
About

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

Key Points

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]

Website BSE NSE
  • Market Cap ₹ 8,388 Cr.
  • Current Price ₹ 617
  • High / Low ₹ 672 / 384
  • Stock P/E 29.4
  • Book Value ₹ 146
  • Dividend Yield 1.10 %
  • 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.
  • Earnings include an other income of Rs.105 Cr.

* 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

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
891 1,241 961 808 1,039 1,307 1,021 858 856 1,327 1,034 933 997
803 1,158 956 764 944 1,229 983 802 760 1,218 970 873 895
Operating Profit 87 83 5 44 95 78 38 56 96 109 64 60 102
OPM % 10% 7% 0% 5% 9% 6% 4% 7% 11% 8% 6% 6% 10%
9 16 21 11 12 5 19 20 19 24 30 25 26
Interest 0 0 1 0 0 0 0 0 0 0 0 0 0
Depreciation 6 5 5 5 5 5 5 6 7 8 8 8 8
Profit before tax 91 93 20 50 102 77 52 70 107 125 86 76 119
Tax % 24% 25% 21% 23% 26% 25% 23% 26% 22% 25% 24% 26% 23%
69 70 16 38 75 58 40 52 83 94 66 57 92
EPS in Rs 5.05 5.16 1.14 2.80 5.53 4.24 2.95 3.80 6.10 6.87 4.84 4.17 6.72
Raw PDF
Upcoming result date: 5 August 2024

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
626 1,093 1,709 1,935 2,231 2,815 2,738 3,163 3,243 4,048 4,041 4,290
575 982 1,530 1,704 1,935 2,204 2,430 2,824 2,880 3,821 3,773 3,955
Operating Profit 52 112 179 232 296 611 308 339 363 227 269 335
OPM % 8% 10% 10% 12% 13% 22% 11% 11% 11% 6% 7% 8%
1 4 12 14 16 35 50 61 64 60 63 105
Interest 4 4 3 3 4 2 2 2 1 2 2 1
Depreciation 5 6 9 9 12 15 20 21 21 21 23 32
Profit before tax 44 105 180 233 296 629 336 376 404 264 307 407
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
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
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: 34%
Stock Price CAGR
10 Years: 27%
5 Years: 14%
3 Years: -1%
1 Year: 53%
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
Equity Capital 9 9 9 9 9 9 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
60 56 58 10 3 0 0 0 1 2 1 1
62 163 154 180 285 330 215 253 265 321 300 317
Total Liabilities 242 392 472 606 862 1,268 1,277 1,453 1,769 1,939 2,065 2,303
51 78 90 79 134 171 156 146 157 148 236 258
CWIP 2 5 0 35 0 0 8 23 0 23 20 3
Investments 29 34 105 112 373 654 698 683 1,192 929 909 700
161 277 278 380 355 442 415 601 419 839 899 1,342
Total Assets 242 392 472 606 862 1,268 1,277 1,453 1,769 1,939 2,065 2,303

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

4 Recently
Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
43.68% 43.68% 43.68% 43.68% 43.28% 43.28% 43.28% 43.28% 43.28% 43.28% 43.25% 43.23%
17.37% 17.11% 15.16% 14.02% 14.06% 12.67% 12.71% 13.06% 13.50% 13.47% 14.11% 14.28%
5.23% 6.14% 8.18% 8.73% 8.62% 8.75% 9.54% 9.08% 8.81% 8.64% 7.47% 6.41%
2.72% 2.72% 2.72% 2.72% 2.72% 2.72% 2.72% 2.72% 2.72% 2.72% 2.72% 2.72%
30.99% 30.34% 30.26% 30.85% 31.33% 32.57% 31.73% 31.87% 31.70% 31.88% 32.44% 33.36%
No. of Shareholders 1,15,8681,07,7451,05,5481,09,0891,05,5671,15,1761,13,7301,12,3441,09,2951,08,9831,10,9021,21,268

* 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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