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Avanti Feeds Overview

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 o...Read More

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Avanti Feeds Key Financials

Market Cap ₹16231 Cr.

Stock P/E 29.1

P/B 5.1

Current Price ₹1191.3

Book Value ₹ 233

Face Value 1

52W High ₹1489.5

Dividend Yield 0.76%

52W Low ₹ 582

Avanti Feeds Share Price

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Volume
Price

Avanti Feeds Quarterly Price

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Avanti Feeds Peer Comparison

Avanti Feeds Quarterly Results

#(Fig in Cr.) Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Net Sales 1278 1253 1284 1503 1352 1366 1385 1606 1610 1384
Other Income 34 34 36 35 42 39 50 51 49 63
Total Income 1312 1287 1320 1538 1394 1405 1435 1657 1659 1447
Total Expenditure 1185 1156 1154 1343 1216 1205 1208 1392 1415 1207
Operating Profit 128 131 166 195 178 200 227 265 244 239
Interest 0 0 1 1 1 1 1 1 0 1
Depreciation 14 14 14 14 15 15 15 16 16 16
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 113 116 151 180 162 184 212 248 228 223
Provision for Tax 31 32 38 42 41 43 54 63 58 59
Profit After Tax 82 84 113 138 121 141 157 185 169 164
Adjustments -8 -11 -9 -10 -7 -6 -6 -7 -16 -15
Profit After Adjustments 74 72 104 128 114 135 152 178 153 149
Adjusted Earnings Per Share 5.4 5.3 7.6 9.4 8.3 9.9 11.1 13.1 11.3 11

Avanti Feeds Profit & Loss

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 1781 2018 2616 3393 3488 4115 4101 5036 5087 5369 5612 5985
Other Income 8 17 24 52 54 80 93 82 92 137 165 213
Total Income 1789 2035 2639 3445 3542 4196 4193 5118 5179 5506 5778 6198
Total Expenditure 1598 1787 2284 2712 3079 3669 3639 4712 4692 4910 4978 5222
Operating Profit 190 248 356 733 463 527 554 405 487 596 800 975
Interest 3 3 5 5 5 4 3 4 4 3 4 3
Depreciation 9 10 14 24 36 38 41 41 43 56 59 63
Exceptional Income / Expenses 1 4 0 -1 5 0 0 -28 -13 0 0 0
Profit Before Tax 180 238 337 705 428 485 510 324 427 537 737 911
Provision for Tax 63 79 110 238 121 99 112 79 115 143 180 234
Profit After Tax 117 159 226 466 307 386 397 245 312 394 557 675
Adjustments -1 -1 -11 -20 -33 -40 -37 -24 -34 -37 -28 -44
Profit After Adjustments 116 158 216 446 274 346 360 222 279 357 529 632
Adjusted Earnings Per Share 8.5 11.6 15.8 32.8 20.1 25.4 26.4 16.3 20.5 26.2 38.8 46.5

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 5% 4% 6% 12%
Operating Profit CAGR 34% 25% 9% 15%
PAT CAGR 41% 31% 8% 17%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 42% 49% 20% 24%
ROE Average 22% 18% 19% 32%
ROCE Average 29% 25% 25% 43%

Avanti Feeds Balance Sheet

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 265 423 635 1031 1206 1404 1761 1895 2095 2365 2801
Minority's Interest 0 0 98 118 151 191 228 252 281 324 374
Borrowings 4 2 12 2 1 0 0 0 0 13 10
Other Non-Current Liabilities 10 9 32 47 37 22 17 16 35 44 44
Total Current Liabilities 198 189 290 328 220 263 273 351 323 351 453
Total Liabilities 478 623 1069 1526 1615 1880 2280 2515 2735 3098 3683
Fixed Assets 90 104 160 312 293 271 292 273 398 497 564
Other Non-Current Assets 38 106 139 52 143 94 160 213 126 96 127
Total Current Assets 350 411 769 1162 1180 1515 1828 2029 2211 2505 2992
Total Assets 478 623 1069 1526 1615 1880 2280 2515 2735 3098 3683

Avanti Feeds Cash Flow

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 10 4 70 41 7 58 16 47 65 34 13
Cash Flow from Operating Activities 89 122 278 281 184 178 383 -212 451 260 584
Cash Flow from Investing Activities -84 18 -408 -269 -27 -79 -366 299 -418 -218 -485
Cash Flow from Financing Activities -12 -74 101 -45 -106 -141 15 -68 -65 -63 -86
Net Cash Inflow / Outflow -6 66 -29 -34 51 -42 31 18 -32 -21 14
Closing Cash & Cash Equivalent 4 70 41 7 58 16 47 65 34 13 26

Avanti Feeds Ratios

# Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 8.51 11.56 15.83 32.77 20.08 25.43 26.43 16.26 20.45 26.21 38.81
CEPS(Rs) 9.2 12.42 17.61 35.98 25.14 31.12 32.17 20.99 26.04 33.04 45.22
DPS(Rs) 2.75 3.5 4.5 6 4 5.1 6.25 6.25 6.25 6.75 9
Book NAV/Share(Rs) 19.46 30.87 46.64 75.71 88.51 103.03 129.27 139.12 153.8 173.62 205.58
Core EBITDA Margin(%) 10.24 11.46 12.7 20.06 11.73 10.84 9.47 5.39 6.54 7.16 9.4
EBIT Margin(%) 10.25 11.97 13.07 20.91 12.41 11.89 10.52 5.45 7.13 8.42 10.98
Pre Tax Margin(%) 10.1 11.8 12.87 20.76 12.27 11.78 10.46 5.39 7.06 8.38 10.92
PAT Margin (%) 6.55 7.88 8.65 13.75 8.79 9.39 8.16 4.08 5.17 6.15 8.25
Cash Profit Margin (%) 7.04 8.38 9.17 14.45 9.82 10.3 9 4.76 5.87 7.03 9.13
ROA(%) 24.78 28.9 26.76 35.95 19.52 22.11 19.11 10.23 11.9 13.5 16.43
ROE(%) 52.42 46.36 42.86 55.97 27.41 29.6 25.11 13.41 15.65 17.66 21.56
ROCE(%) 65.27 64 62.96 83.79 38.42 37.35 32.39 17.92 21.58 24.12 28.54
Receivable days 8.05 6.2 4.07 3.95 5.16 6.09 5.82 5.48 7.1 7.55 7.66
Inventory Days 43.17 45.9 44.74 47.36 47.3 40.91 41.08 46.8 54.08 48.09 47.74
Payable days 29 28.63 34.59 40.61 31.1 22.22 26.01 23.43 25.94 25.45 30.89
PER(x) 12.04 11.48 15.61 22.71 20.31 11.57 15.7 25.37 16.61 18.48 23.53
Price/Book(x) 5.26 4.3 5.3 9.83 4.61 2.86 3.21 2.97 2.21 2.79 4.44
Dividend Yield(%) 1.79 1.76 1.21 0.54 0.98 1.73 1.51 1.51 1.84 1.39 0.99
EV/Net Sales(x) 0.81 0.87 1.28 2.99 1.54 0.93 1.36 1.1 0.85 1.09 2.06
EV/Core EBITDA(x) 7.61 7.05 9.39 13.82 11.61 7.24 10.09 13.68 8.92 9.86 14.45
Net Sales Growth(%) 57.36 13.35 29.6 29.71 2.8 17.99 -0.36 22.81 1.01 5.54 4.53
EBIT Growth(%) 66.58 32.35 41.53 107.47 -38.96 13.06 4.8 -36.11 31.47 25.3 37.33
PAT Growth(%) 67.14 36.38 42.34 106.13 -34.27 26.09 2.87 -38.29 27.33 26.12 41.45
EPS Growth(%) 64.63 35.87 36.93 107.02 -38.71 26.63 3.92 -38.46 25.77 28.16 48.07
Debt/Equity(x) 0.22 0.03 0.03 0.01 0.01 0 0 0 0 0.01 0
Current Ratio(x) 1.77 2.17 2.65 3.55 5.36 5.75 6.69 5.78 6.84 7.13 6.6
Quick Ratio(x) 0.65 0.66 1.42 1.94 3.64 3.69 4.66 2.97 4.36 4.61 4.66
Interest Cover(x) 68.27 71.46 66.45 147.93 88.1 111.63 168.07 88.89 110.64 193.1 204.62
Total Debt/Mcap(x) 0.04 0.01 0.01 0 0 0 0 0 0 0 0

Avanti Feeds Shareholding Pattern

# Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Promoter 43.28 43.28 43.25 43.23 43.23 43.23 43.23 43.23 43.23 43.23
FII 13.5 13.48 14.11 14.28 14.4 14.47 6.42 7.59 6.98 7.98
DII 11.53 11.37 10.19 9.13 8.53 8.22 7.79 6.72 6.91 6.88
Public 31.69 31.87 32.45 33.36 33.84 34.09 42.57 42.46 42.88 41.91
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Avanti Feeds News

Avanti Feeds Pros & Cons

Pros

  • Company has reduced debt.
  • Company is almost debt free.

Cons

  • Promoter holding is low: 43.23%.
  • Debtor days have increased from 25.45 to 30.89days.
  • Stock is trading at 5.1 times its book value.
  • The company has delivered a poor profit growth of 7% over past five years.
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