Avanti Feeds Ltd

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

Avanti Feeds Ltd

₹ 595 -3.65%
21 Nov 4:00 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 ₹ 8,119 Cr.
  • Current Price ₹ 595
  • High / Low ₹ 793 / 387
  • Stock P/E 19.4
  • Book Value ₹ 185
  • Dividend Yield 1.14 %
  • ROCE 20.0 %
  • ROE 15.1 %
  • Face Value ₹ 1.00
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Pros

  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 30.9%

Cons

  • The company has delivered a poor sales growth of 9.01% over past five years.
  • Company has a low return on equity of 13.5% 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 Nifty Smallcap 250 BSE Allcap Nifty 500 BSE Fast Moving Consumer Goods Nifty Total Market

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
1,226 1,069 1,332 1,569 1,322 1,103 1,093 1,554 1,278 1,253 1,284 1,506 1,355
1,185 1,004 1,217 1,466 1,247 1,023 960 1,416 1,185 1,157 1,154 1,346 1,219
Operating Profit 41 65 115 103 75 80 134 138 94 97 130 160 136
OPM % 3% 6% 9% 7% 6% 7% 12% 9% 7% 8% 10% 11% 10%
8 12 16 7 26 28 20 33 34 34 36 35 42
Interest 1 0 0 0 0 0 1 0 0 0 1 1 1
Depreciation 10 10 10 10 10 11 12 13 14 14 14 14 15
Profit before tax 38 66 121 100 90 96 140 157 113 116 151 180 162
Tax % 14% 34% 24% 27% 26% 27% 28% 27% 27% 28% 25% 23% 25%
33 44 92 73 67 71 101 115 83 83 113 138 121
EPS in Rs 1.77 2.95 6.19 4.86 4.16 4.58 6.85 7.81 5.45 5.32 7.64 9.41 8.34
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

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 2,616 3,393 3,488 4,115 4,101 5,036 5,087 5,369 5,398
575 982 1,526 1,704 2,284 2,708 3,078 3,659 3,639 4,722 4,692 4,909 4,876
Operating Profit 52 112 182 231 332 684 410 456 461 314 395 460 522
OPM % 8% 10% 11% 12% 13% 20% 12% 11% 11% 6% 8% 9% 10%
1 4 9 20 23 49 59 71 93 54 79 136 147
Interest 4 4 3 3 5 5 5 4 3 4 4 3 2
Depreciation 5 6 9 10 14 24 36 38 41 41 43 56 58
Profit before tax 44 105 180 238 337 704 428 485 510 324 427 537 609
Tax % 32% 34% 35% 33% 33% 34% 28% 20% 22% 24% 27% 27%
30 70 116 158 226 466 307 386 397 245 312 394 455
EPS in Rs 2.21 5.18 8.52 11.56 15.83 32.78 20.08 25.43 26.43 16.26 20.45 26.21 30.71
Dividend Payout % 20% 19% 22% 20% 19% 12% 20% 20% 24% 38% 31% 24%
Compounded Sales Growth
10 Years: 17%
5 Years: 9%
3 Years: 9%
TTM: 7%
Compounded Profit Growth
10 Years: 17%
5 Years: 5%
3 Years: 1%
TTM: 23%
Stock Price CAGR
10 Years: 17%
5 Years: 2%
3 Years: 3%
1 Year: 50%
Return on Equity
10 Years: 22%
5 Years: 17%
3 Years: 14%
Last Year: 15%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 116 170 256 414 626 1,022 1,192 1,390 1,748 1,882 2,082 2,352 2,502
61 56 58 11 19 7 9 2 4 4 3 17 16
62 163 154 189 414 488 400 475 517 617 636 716 912
Total Liabilities 248 398 478 623 1,069 1,526 1,615 1,880 2,282 2,516 2,735 3,098 3,444
51 78 90 104 160 312 293 271 292 273 398 497 550
CWIP 2 5 0 42 94 2 9 26 6 40 34 9 15
Investments 35 40 111 33 360 584 630 680 1,235 931 1,005 746 1,291
161 276 277 444 454 628 683 903 749 1,272 1,298 1,847 1,588
Total Assets 248 398 478 623 1,069 1,526 1,615 1,880 2,282 2,516 2,735 3,098 3,444

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

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 89 122 278 281 184 178 383 -212 451 263
5 -39 -84 18 -408 -269 -27 -79 -366 299 -418 -224
1 -13 -12 -74 101 -45 -106 -141 15 -68 -65 -60
Net Cash Flow -14 4 -6 66 -30 -34 51 -42 31 18 -32 -21

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 7 3 5 5 8 6 8 9 10
Inventory Days 71 84 59 68 63 79 51 61 63 85 71 75
Days Payable 15 51 24 34 44 43 24 24 27 26 25 27
Cash Conversion Cycle 80 48 42 41 22 41 32 44 42 67 55 57
Working Capital Days 50 33 26 29 15 29 26 36 34 57 46 48
ROCE % 29% 52% 65% 62% 57% 74% 33% 32% 26% 15% 18% 20%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
43.68% 43.68% 43.68% 43.28% 43.28% 43.28% 43.28% 43.28% 43.28% 43.25% 43.23% 43.23%
17.11% 15.16% 14.02% 14.06% 12.67% 12.71% 13.06% 13.50% 13.47% 14.11% 14.28% 14.40%
6.14% 8.18% 8.73% 8.62% 8.75% 9.54% 9.08% 8.81% 8.64% 7.47% 6.41% 5.82%
2.72% 2.72% 2.72% 2.72% 2.72% 2.72% 2.72% 2.72% 2.72% 2.72% 2.72% 2.72%
30.34% 30.26% 30.85% 31.33% 32.57% 31.73% 31.87% 31.70% 31.88% 32.44% 33.36% 33.85%
No. of Shareholders 1,07,7451,05,5481,09,0891,05,5671,15,1761,13,7301,12,3441,09,2951,08,9831,10,9021,21,2681,41,006

* 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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