Avanti Feeds

₹519.2 5.6 | 1.1%

WEBSITE BSE:512573 NSE : AVANTI FEEDS 10 May, 16:01

Market Cap ₹7073 Cr.

Stock P/E 20.4

P/B 3.1

Current Price ₹519.2

Book Value ₹ 166.9

Face Value 1

52W High ₹598.6

Dividend Yield 1.2%

52W Low ₹ 360.2

Edit Ratio

Avanti Feeds Research see more...

Overview Inc. Year: 1993Industry: Consumer Food

Avanti Feeds Ltd is a producer of prawn and fish feeds, and shrimp processor and exporter. The Company's principal products/offerings are shrimp feed and processed shrimp. Its segments are Wind Mills and Shrimp Feed. It manufactures shrimp feed and markets it to farmers, that's utilized in aqua lifestyle to grow shrimp. Shrimp are bought from the farmers and are similarly processed and exported to numerous countries. It has installed over four mills of over 3.2 megawatts capability at Chitradurga, Karnataka. Power generated from wind mills is offered to Bangalore Electricity Supply Company Ltd (BESCOM) under power buy settlement. The Company has over three prawn and a fish feed production devices in Kovvur, Vemuluru in West Godavari District, Andhra Pradesh, and Pardi in Valsad District, Gujarat, in India. It also produces feed catering to fish farmers and the Indian prawn. Its shrimp processing and exports unit is positioned in Gopalapuram, East Godavari District, Andhra Pradesh.

Avanti Feeds Share Price

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Avanti Feeds Quarterly Results

#(Fig in Cr.)	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
Net Sales	1226	1069	1332	1569	1322	1103	1093	1554	1278	1253
Other Income	26	19	16	12	26	29	24	33	34	34
Total Income	1252	1088	1348	1582	1349	1132	1117	1586	1312	1287
Total Expenditure	1183	1001	1215	1465	1247	1022	960	1416	1185	1156
Operating Profit	68	86	133	116	101	110	158	170	128	131
Interest	1	0	0	0	0	0	1	0	0	0
Depreciation	10	10	10	10	10	11	12	13	14	14
Exceptional Income / Expenses	-17	-6	0	-5	-1	-2	-5	0	0	0
Profit Before Tax	40	69	123	101	90	97	139	157	113	116
Provision for Tax	5	22	29	27	23	26	39	42	31	32
Profit After Tax	35	47	94	74	67	71	100	115	82	84
Adjustments	-11	-7	-10	-8	-10	-9	-7	-8	-8	-11
Profit After Adjustments	24	40	84	66	57	62	93	106	74	72
Adjusted Earnings Per Share	1.8	2.9	6.2	4.9	4.2	4.6	6.9	7.8	5.4	5.3

Avanti Feeds Profit & Loss

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Net Sales	648	1132	1781	2018	2616	3393	3488	4115	4101	5036	5087	5178
Other Income	3	4	8	17	24	52	54	80	93	82	92	125
Total Income	651	1135	1789	2035	2639	3445	3542	4196	4193	5118	5179	5302
Total Expenditure	596	1020	1598	1787	2284	2712	3079	3669	3639	4712	4692	4717
Operating Profit	54	115	190	248	356	733	463	527	554	405	487	587
Interest	4	4	3	3	5	5	5	4	3	4	4	1
Depreciation	5	6	9	10	14	24	36	38	41	41	43	53
Exceptional Income / Expenses	-1	0	1	4	0	-1	5	0	0	-28	-13	-5
Profit Before Tax	44	105	180	238	337	705	428	485	510	324	427	525
Provision for Tax	14	35	63	79	110	238	121	99	112	79	115	144
Profit After Tax	30	70	117	159	226	466	307	386	397	245	312	381
Adjustments	-0	1	-1	-1	-11	-20	-33	-40	-37	-24	-34	-34
Profit After Adjustments	30	70	116	158	216	446	274	346	360	222	279	345
Adjusted Earnings Per Share	2.2	5.2	8.5	11.6	15.8	32.8	20.1	25.4	26.4	16.3	20.5	25.4

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	1%	7%	8%	23%
Operating Profit CAGR	20%	-3%	-8%	25%
PAT CAGR	27%	-7%	-8%	26%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	41%	2%	8%	30%
ROE Average	16%	18%	22%	35%
ROCE Average	22%	24%	30%	46%

Avanti Feeds Balance Sheet

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	125	180	265	423	635	1031	1206	1404	1761	1895	2095
Minority's Interest	0	0	0	0	98	118	151	191	228	252	281
Borrowings	12	11	4	2	12	2	1	0	0	0	0
Other Non-Current Liabilities	4	40	10	9	32	47	37	22	17	16	35
Total Current Liabilities	118	233	198	189	290	328	220	263	273	351	323
Total Liabilities	259	463	478	623	1069	1526	1615	1880	2280	2515	2735
Fixed Assets	51	78	90	104	160	312	293	271	292	273	398
Other Non-Current Assets	42	78	38	106	139	52	143	94	160	213	126
Total Current Assets	166	308	350	411	769	1162	1180	1515	1828	2029	2211
Total Assets	259	463	478	623	1069	1526	1615	1880	2280	2515	2735

Avanti Feeds Cash Flow

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	21	7	10	4	70	41	7	58	16	47	65
Cash Flow from Operating Activities	-21	56	89	122	278	281	184	178	383	-212	451
Cash Flow from Investing Activities	5	-39	-84	18	-408	-269	-27	-79	-366	299	-416
Cash Flow from Financing Activities	1	-13	-12	-74	101	-45	-106	-141	15	-68	-65
Net Cash Inflow / Outflow	-14	4	-6	66	-29	-34	51	-42	31	18	-30
Closing Cash & Cash Equivalent	7	10	4	70	41	7	58	16	47	65	35

Avanti Feeds Ratios

#	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	2.21	5.17	8.51	11.56	15.83	32.77	20.08	25.43	26.43	16.26	20.45
CEPS(Rs)	2.58	5.53	9.2	12.42	17.61	35.98	25.14	31.12	32.17	20.99	26.04
DPS(Rs)	0.65	1.5	2.75	3.5	4.5	6	4	5.1	6.25	6.25	6.25
Book NAV/Share(Rs)	9.18	13.18	19.46	30.87	46.64	75.71	88.51	103.03	129.27	139.12	153.8
Core EBITDA Margin(%)	7.96	9.85	10.24	11.46	12.7	20.06	11.73	10.84	9.47	5.39	6.54
EBIT Margin(%)	7.42	9.68	10.25	11.97	13.07	20.91	12.41	11.89	10.52	5.45	7.13
Pre Tax Margin(%)	6.81	9.29	10.1	11.8	12.87	20.76	12.27	11.78	10.46	5.39	7.06
PAT Margin (%)	4.66	6.16	6.55	7.88	8.65	13.75	8.79	9.39	8.16	4.08	5.17
Cash Profit Margin (%)	5.43	6.65	7.04	8.38	9.17	14.45	9.82	10.3	9	4.76	5.87
ROA(%)	13.68	19.32	24.78	28.9	26.76	35.95	19.52	22.11	19.11	10.23	11.9
ROE(%)	27.6	45.78	52.42	46.36	42.86	55.97	27.41	29.6	25.11	13.41	15.65
ROCE(%)	29.09	51.94	65.27	64	62.96	83.79	38.42	37.35	32.39	17.92	21.58
Receivable days	15.55	13.67	8.05	6.2	4.07	3.95	5.16	6.09	5.82	5.48	7.1
Inventory Days	39.23	47.79	43.17	45.9	44.74	47.36	47.3	40.91	41.08	46.8	54.08
Payable days	12.1	30.25	29	28.63	34.59	40.61	31.1	22.22	26.01	23.43	25.94
PER(x)	3.02	6.71	12.04	11.48	15.61	22.71	20.31	11.57	15.7	25.37	16.61
Price/Book(x)	0.73	2.63	5.26	4.3	5.3	9.83	4.61	2.86	3.21	2.97	2.21
Dividend Yield(%)	6.5	2.89	1.79	1.76	1.21	0.54	0.98	1.73	1.51	1.51	1.84
EV/Net Sales(x)	0.22	0.46	0.81	0.87	1.28	2.99	1.54	0.93	1.36	1.1	0.85
EV/Core EBITDA(x)	2.65	4.48	7.61	7.05	9.39	13.82	11.61	7.24	10.09	13.68	8.92
Net Sales Growth(%)	64.72	74.62	57.36	13.35	29.6	29.71	2.8	17.99	-0.36	22.81	1.01
EBIT Growth(%)	9.01	128.01	66.58	32.35	41.53	107.47	-38.96	13.06	4.8	-36.16	31.47
PAT Growth(%)	7.58	131.1	67.14	36.38	42.34	106.13	-34.27	26.09	2.87	-38.36	27.33
EPS Growth(%)	-5.65	134.32	64.63	35.87	36.93	107.02	-38.71	26.63	3.92	-38.46	25.77
Debt/Equity(x)	0.49	0.31	0.22	0.03	0.03	0.01	0.01	0	0	0	0
Current Ratio(x)	1.41	1.32	1.77	2.17	2.65	3.55	5.36	5.75	6.69	5.78	6.84
Quick Ratio(x)	0.58	0.47	0.65	0.66	1.42	1.94	3.64	3.69	4.66	2.97	4.36
Interest Cover(x)	12.26	24.94	68.27	71.46	66.45	147.93	88.1	111.63	168.07	88.89	110.64
Total Debt/Mcap(x)	0.67	0.12	0.04	0.01	0.01	0	0	0	0	0	0

Avanti Feeds Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	43.68	43.68	43.68	43.28	43.28	43.28	43.28	43.28	43.28	43.25
FII	17.11	15.16	14.02	14.06	12.68	12.71	13.06	13.5	13.48	14.11
DII	8.87	10.9	11.45	11.34	11.47	12.27	11.8	11.53	11.37	10.19
Public	30.34	30.26	30.85	31.32	32.57	31.74	31.86	31.69	31.87	32.45
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	5.95	5.95	5.95	5.9	5.9	5.9	5.9	5.9	5.9	5.89
FII	2.33	2.06	1.91	1.92	1.73	1.73	1.78	1.84	1.84	1.92
DII	1.21	1.49	1.56	1.55	1.56	1.67	1.61	1.57	1.55	1.39
Public	4.13	4.12	4.2	4.27	4.44	4.32	4.34	4.32	4.34	4.42
Others	0	0	0	0	0	0	0	0	0	0
Total	13.62	13.62	13.62	13.62	13.62	13.62	13.62	13.62	13.62	13.62

Pros

Company is almost debt free.

Cons

Promoter holding is low: 43.25%.
Debtor days have increased from 23.43 to 25.94days.
Stock is trading at 3.1 times its book value.
The company has delivered a poor profit growth of -7% 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.

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Avanti Feeds Research see more...

Overview Inc. Year: 1993Industry: Consumer Food

Avanti Feeds Share Price

Alert Data

Quarterly Price

Peer Comparison

Avanti Feeds Quarterly Results

Avanti Feeds Profit & Loss

Growth Rates

Avanti Feeds Balance Sheet

Avanti Feeds Cash Flow

Avanti Feeds Ratios

Avanti Feeds Shareholding Pattern

Avanti Feeds News

Top Unlisted Companies & InstaBuy Companies

Empire Spices and Foods ltd

IPO

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