Avanti Feeds Ltd
Avanti Feeds is a leading provider of high quality shrimp feed, best technical support to the farmer and caters to the quality standards of global shrimp customers.[1]
- Market Cap ₹ 6,598 Cr.
- Current Price ₹ 484
- High / Low ₹ 599 / 328
- Stock P/E 22.0
- Book Value ₹ 134
- Dividend Yield 1.29 %
- ROCE 16.7 %
- ROE 12.6 %
- Face Value ₹ 1.00
Pros
- Company has reduced debt.
- Company is almost debt free.
- Company has been maintaining a healthy dividend payout of 35.7%
- Company's median sales growth is 15.3% of last 10 years
Cons
- The company has delivered a poor sales growth of 7.50% 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.
Peer comparison
Sector: FMCG Industry: Food - Processing - Indian
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
383 | 626 | 1,093 | 1,709 | 1,935 | 2,231 | 2,815 | 2,738 | 3,163 | 3,243 | 4,048 | 4,041 | 4,149 | |
337 | 575 | 982 | 1,530 | 1,704 | 1,935 | 2,204 | 2,430 | 2,824 | 2,880 | 3,821 | 3,773 | 3,821 | |
Operating Profit | 45 | 52 | 112 | 179 | 232 | 296 | 611 | 308 | 339 | 363 | 227 | 269 | 329 |
OPM % | 12% | 8% | 10% | 10% | 12% | 13% | 22% | 11% | 11% | 11% | 6% | 7% | 8% |
3 | 1 | 4 | 12 | 14 | 16 | 35 | 50 | 61 | 64 | 60 | 63 | 99 | |
Interest | 4 | 4 | 4 | 3 | 3 | 4 | 2 | 2 | 2 | 1 | 2 | 2 | 0 |
Depreciation | 4 | 5 | 6 | 9 | 9 | 12 | 15 | 20 | 21 | 21 | 21 | 23 | 32 |
Profit before tax | 40 | 44 | 105 | 180 | 233 | 296 | 629 | 336 | 376 | 404 | 264 | 307 | 395 |
Tax % | 30% | 32% | 34% | 35% | 33% | 34% | 34% | 33% | 24% | 24% | 25% | 24% | |
28 | 30 | 70 | 117 | 155 | 196 | 415 | 223 | 286 | 305 | 199 | 233 | 300 | |
EPS in Rs | 2.34 | 2.22 | 5.13 | 8.57 | 11.40 | 14.42 | 30.47 | 16.40 | 20.99 | 22.41 | 14.63 | 17.09 | 21.98 |
Dividend Payout % | 19% | 20% | 20% | 21% | 20% | 21% | 13% | 24% | 24% | 28% | 43% | 37% |
Compounded Sales Growth | |
---|---|
10 Years: | 21% |
5 Years: | 8% |
3 Years: | 9% |
TTM: | -2% |
Compounded Profit Growth | |
---|---|
10 Years: | 21% |
5 Years: | -12% |
3 Years: | -9% |
TTM: | 33% |
Stock Price CAGR | |
---|---|
10 Years: | 30% |
5 Years: | 3% |
3 Years: | 5% |
1 Year: | 46% |
Return on Equity | |
---|---|
10 Years: | 24% |
5 Years: | 17% |
3 Years: | 14% |
Last Year: | 13% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 8 | 9 | 9 | 9 | 9 | 9 | 9 | 14 | 14 | 14 | 14 | 14 | 14 |
Reserves | 87 | 111 | 165 | 251 | 406 | 564 | 929 | 1,049 | 1,186 | 1,490 | 1,602 | 1,750 | 1,809 |
49 | 60 | 56 | 58 | 10 | 3 | -0 | -0 | 0 | 1 | 2 | 1 | 1 | |
39 | 62 | 163 | 154 | 180 | 285 | 330 | 215 | 253 | 265 | 321 | 300 | 422 | |
Total Liabilities | 183 | 242 | 392 | 472 | 606 | 862 | 1,268 | 1,277 | 1,453 | 1,769 | 1,939 | 2,065 | 2,245 |
43 | 51 | 78 | 90 | 79 | 134 | 171 | 156 | 146 | 157 | 148 | 236 | 267 | |
CWIP | 2 | 2 | 5 | -0 | 35 | -0 | 0 | 8 | 23 | 0 | 23 | 20 | 1 |
Investments | 46 | 29 | 34 | 105 | 112 | 373 | 654 | 698 | 683 | 1,192 | 929 | 909 | 855 |
93 | 161 | 277 | 278 | 380 | 355 | 442 | 415 | 601 | 419 | 839 | 899 | 1,122 | |
Total Assets | 183 | 242 | 392 | 472 | 606 | 862 | 1,268 | 1,277 | 1,453 | 1,769 | 1,939 | 2,065 | 2,245 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
50 | -21 | 56 | 90 | 174 | 288 | 328 | 124 | 131 | 340 | -179 | 288 | |
-17 | 5 | -39 | -84 | -35 | -279 | -301 | -15 | 13 | -314 | 280 | -229 | |
-14 | 1 | -13 | -12 | -74 | -48 | -52 | -103 | -149 | 1 | -86 | -84 | |
Net Cash Flow | 19 | -14 | 4 | -6 | 66 | -39 | -26 | 6 | -6 | 27 | 16 | -24 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 15 | 23 | 15 | 7 | 3 | 2 | 2 | 2 | 4 | 2 | 2 | 6 |
Inventory Days | 57 | 73 | 84 | 59 | 54 | 60 | 71 | 37 | 52 | 44 | 73 | 59 |
Days Payable | 32 | 15 | 51 | 24 | 32 | 49 | 50 | 26 | 28 | 30 | 26 | 26 |
Cash Conversion Cycle | 39 | 82 | 48 | 42 | 24 | 14 | 24 | 13 | 28 | 16 | 49 | 39 |
Working Capital Days | 31 | 50 | 33 | 26 | 23 | 7 | 14 | 8 | 21 | 12 | 40 | 33 |
ROCE % | 34% | 30% | 53% | 65% | 64% | 60% | 83% | 32% | 33% | 26% | 15% | 17% |
Documents
Announcements
- Closure of Trading Window 25 Mar
- Intimation Of Approvals Received From Stock Exchanges For Reclassification Of Mrs. Madhavi Chukkapalli, Promoter Group Shareholder Under Regulation 31A Of SEBI (LODR) Regulations,2015 14 Mar
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 28 Feb
- Issuance Of Letter Of Confirmation In Lieu Of Share Certificates Lost. 28 Feb
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
20 Feb - Of Investors Audio Conference call transcript for the quarter ended December 31, 2023.
Annual reports
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
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Concalls
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Feb 2024TranscriptPPT
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Nov 2023Transcript PPT REC
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Aug 2023Transcript PPT
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Jun 2023Transcript PPT REC
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Feb 2023Transcript PPT
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Nov 2022TranscriptPPT
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Nov 2022Transcript PPT
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Aug 2022Transcript PPT
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May 2022TranscriptPPT
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Mar 2022TranscriptPPT
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Nov 2021TranscriptPPT
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Aug 2021TranscriptPPT
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Jul 2021Transcript PPT
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Mar 2021TranscriptPPT
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Feb 2021TranscriptNotesPPT
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Dec 2020Transcript PPT
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Sep 2020Transcript PPT
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Aug 2020TranscriptPPT
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Mar 2020Transcript PPT
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Nov 2019TranscriptPPT
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Aug 2019Transcript PPT
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Jul 2019TranscriptPPT
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Jun 2019TranscriptNotesPPT
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Feb 2019TranscriptPPT
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Dec 2018TranscriptPPT
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Sep 2018TranscriptPPT
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Aug 2018TranscriptNotesPPT
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Aug 2018TranscriptNotesPPT
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Jun 2018Transcript PPT
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Mar 2018TranscriptPPT
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Feb 2018TranscriptPPT
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Dec 2017TranscriptPPT
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Sep 2017TranscriptPPT
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May 2017Transcript PPT
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Feb 2017Transcript PPT
Shrimp Feed Business (78% of 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 ~485,000 Tonnes of shrimp feed in FY20 which translates to ~81% capacity utilization.[3]
The feed is sold in India and Bangladesh.[1]