Avanti Feeds Ltd

Avanti Feeds Ltd

₹ 1,204 -7.23%
29 May - close price
About

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

Key Points

Business Portfolio[1][2]
Avanti Feeds is a leading aquaculture company, specializing in:
a) Shrimp Feed Manufacturing: Supplying high-quality feed to shrimp farmers.
b) Shrimp Processing & Export: Exporting frozen shrimp to global markets.
c) Hatchery Operations: Producing high-quality shrimp larvae.
d) Pet Care: Incorporated in 2023, Avanti Feeds Limited expanded into the pet care industry by establishing Avanti Pet Care Private Limited (APCPL) as a subsidiary. APCPL focuses on manufacturing high-quality pet care products, leveraging Avanti Feeds’ expertise in animal nutrition and feed formulation.

  • Market Cap 16,399 Cr.
  • Current Price 1,204
  • High / Low 1,594 / 614
  • Stock P/E 30.1
  • Book Value 206
  • Dividend Yield 0.75 %
  • ROCE 28.0 %
  • ROE 21.0 %
  • Face Value 1.00

Pros

  • Company is almost debt free.

Cons

  • The company has delivered a poor sales growth of 6.17% over past five years.
  • Working capital days have increased from 53.6 days to 111 days

* 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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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
856 1,327 1,034 933 997 1,270 1,079 1,042 1,032 1,235 1,156 945 1,039
760 1,218 970 873 895 1,136 966 900 867 1,047 1,011 812 910
Operating Profit 96 109 64 60 102 134 113 142 166 188 145 134 129
OPM % 11% 8% 6% 6% 10% 11% 10% 14% 16% 15% 13% 14% 12%
19 24 30 25 26 26 38 31 35 43 43 48 19
Interest 0 0 0 0 0 0 0 0 0 0 0 0 0
Depreciation 7 8 8 8 8 6 7 7 7 8 8 9 8
Profit before tax 107 125 86 76 119 153 145 167 194 224 180 172 140
Tax % 22% 25% 24% 26% 23% 25% 27% 24% 26% 25% 25% 25% 23%
83 94 66 57 92 115 106 127 144 167 135 129 107
EPS in Rs 6.10 6.87 4.84 4.17 6.72 8.42 7.81 9.33 10.57 12.26 9.91 9.46 7.85
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
1,709 1,935 2,231 2,815 2,738 3,163 3,243 4,048 4,041 4,290 4,433 4,375
1,530 1,704 1,935 2,204 2,430 2,824 2,880 3,821 3,773 3,955 3,877 3,780
Operating Profit 179 232 296 611 308 339 363 227 269 335 555 595
OPM % 10% 12% 13% 22% 11% 11% 11% 6% 7% 8% 13% 14%
12 14 16 35 50 61 64 60 63 105 131 154
Interest 3 3 4 2 2 2 1 2 2 1 1 1
Depreciation 9 9 12 15 20 21 21 21 23 32 26 33
Profit before tax 180 233 296 629 336 376 404 264 307 407 659 716
Tax % 35% 33% 34% 34% 33% 24% 24% 25% 24% 24% 25% 25%
117 155 196 415 223 286 305 199 233 308 492 538
EPS in Rs 8.57 11.40 14.42 30.47 16.40 20.99 22.41 14.63 17.09 22.61 36.13 39.48
Dividend Payout % 21% 20% 21% 13% 24% 24% 28% 43% 37% 30% 25% 0%
Compounded Sales Growth
10 Years: 9%
5 Years: 6%
3 Years: 3%
TTM: -1%
Compounded Profit Growth
10 Years: 13%
5 Years: 15%
3 Years: 37%
TTM: 14%
Stock Price CAGR
10 Years: 22%
5 Years: 15%
3 Years: 46%
1 Year: 43%
Return on Equity
10 Years: 21%
5 Years: 17%
3 Years: 20%
Last Year: 21%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 9 9 9 9 14 14 14 14 14 14 14 14
Reserves 251 406 564 929 1,049 1,186 1,490 1,602 1,750 1,972 2,371 2,787
58 10 3 0 0 0 1 2 1 1 0 1
154 180 285 330 215 253 265 321 300 317 401 441
Total Liabilities 472 606 862 1,268 1,277 1,453 1,769 1,939 2,065 2,303 2,785 3,243
90 79 134 171 156 146 157 148 236 258 296 319
CWIP 0 35 0 0 8 23 0 23 20 3 11 0
Investments 105 112 373 654 698 683 1,192 929 909 700 1,168 1,308
278 380 355 442 415 601 419 839 899 1,342 1,310 1,617
Total Assets 472 606 862 1,268 1,277 1,453 1,769 1,939 2,065 2,303 2,785 3,243

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
90 174 288 328 124 131 340 -179 288 177 671 384
-84 -35 -279 -301 -15 13 -314 280 -230 -108 -563 -262
-12 -74 -48 -52 -103 -149 1 -86 -84 -85 -95 -122
Net Cash Flow -6 66 -39 -26 6 -6 27 16 -26 -17 13 -1
Free Cash Flow 73 141 258 275 111 103 332 -220 180 140 599 342
CFO/OP 84% 106% 130% 89% 80% 64% 123% -50% 133% 84% 146% 97%

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 7 3 2 2 2 4 2 2 6 3 3 2
Inventory Days 59 54 60 71 37 52 44 73 59 67 51 61
Days Payable 24 32 49 50 26 28 30 26 26 28 35 22
Cash Conversion Cycle 42 24 14 24 13 28 16 49 39 43 19 41
Working Capital Days 15 22 7 14 8 21 12 40 33 36 14 111
ROCE % 65% 64% 60% 83% 32% 33% 26% 15% 17% 20% 29% 28%

Insights

In beta
Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Indian Shrimp Feed Market Share
%

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Shrimp Feed Installed Capacity
MTPA
Shrimp Feed Sales Volume
MT
Shrimp Processing Sales Volume
MT
Shrimp Processing Installed Capacity
MTPA
Number of Farmers Trained
Count

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
43.28% 43.28% 43.28% 43.25% 43.23% 43.23% 43.23% 43.23% 43.23% 43.23% 43.23% 43.23%
13.06% 13.50% 13.47% 14.11% 14.28% 14.40% 14.47% 6.42% 7.59% 6.98% 7.98% 7.63%
9.08% 8.81% 8.64% 7.47% 6.41% 5.82% 5.49% 5.07% 4.00% 4.19% 4.16% 6.82%
2.72% 2.72% 2.72% 2.72% 2.72% 2.72% 2.72% 2.72% 2.72% 2.72% 2.72% 2.72%
31.87% 31.70% 31.88% 32.44% 33.36% 33.85% 34.10% 42.58% 42.46% 42.88% 41.92% 39.60%
No. of Shareholders 1,12,3441,09,2951,08,9831,10,9021,21,2681,41,0061,42,1031,36,2661,26,3721,21,9641,21,4321,16,798

* 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.

Click on the line-items to see the names of individual entities.

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