Avanti Feeds Ltd

₹ 392 0.82%
06 Feb - close price
About

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]

Key Points

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]

  • Market Cap 5,342 Cr.
  • Current Price 392
  • High / Low 615 / 364
  • Stock P/E 25.3
  • Book Value 120
  • Dividend Yield 1.59 %
  • ROCE 14.7 %
  • ROE 11.0 %
  • Face Value 1.00

Pros

  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 31.6%
  • Company's median sales growth is 15.5% of last 10 years

Cons

* 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

Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
833 658 765 778 897 677 891 1,241 961 808 1,039 1,307 1,021
728 626 676 678 786 614 803 1,158 956 764 944 1,229 983
Operating Profit 105 32 88 100 111 64 87 83 5 44 95 78 38
OPM % 13% 5% 12% 13% 12% 9% 10% 7% 0% 5% 9% 6% 4%
17 16 13 18 18 20 9 16 21 11 12 5 19
Interest 0 0 1 0 0 0 0 0 1 0 0 0 0
Depreciation 6 5 5 5 5 5 6 5 5 5 5 5 5
Profit before tax 116 43 96 112 123 78 91 93 20 50 102 77 52
Tax % 10% 26% 28% 24% 25% 24% 24% 25% 21% 23% 26% 25% 23%
Net Profit 105 31 69 86 92 59 69 70 16 38 75 58 40
EPS in Rs 7.72 2.31 5.08 6.31 6.75 4.31 5.05 5.16 1.14 2.80 5.53 4.24 2.95
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
204 383 626 1,093 1,709 1,935 2,231 2,815 2,738 3,163 3,243 4,048 4,174
195 337 575 982 1,530 1,704 1,935 2,204 2,430 2,824 2,880 3,821 3,919
Operating Profit 8 45 52 112 179 232 296 611 308 339 363 227 255
OPM % 4% 12% 8% 10% 10% 12% 13% 22% 11% 11% 11% 6% 6%
4 3 1 4 12 14 16 35 50 61 64 60 47
Interest 4 4 4 4 3 3 4 2 2 2 1 2 1
Depreciation 3 4 5 6 9 9 12 15 20 21 21 21 20
Profit before tax 5 40 44 105 180 233 296 629 336 376 404 264 281
Tax % 33% 30% 32% 34% 35% 33% 34% 34% 33% 24% 24% 25%
Net Profit 3 28 30 70 117 155 196 415 223 286 305 199 211
EPS in Rs 0.28 2.34 2.22 5.13 8.57 11.40 14.42 30.47 16.40 20.99 22.41 14.63 15.52
Dividend Payout % 23% 19% 20% 20% 21% 20% 21% 13% 24% 24% 28% 43%
Compounded Sales Growth
10 Years: 27%
5 Years: 13%
3 Years: 14%
TTM: 11%
Compounded Profit Growth
10 Years: 20%
5 Years: -3%
3 Years: -6%
TTM: -1%
Stock Price CAGR
10 Years: 46%
5 Years: -14%
3 Years: -16%
1 Year: -34%
Return on Equity
10 Years: 27%
5 Years: 23%
3 Years: 18%
Last Year: 11%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Sep 2022
8 9 9 9 9 9 9 9 14 14 14 14 14
Reserves 63 87 111 165 251 406 564 929 1,049 1,186 1,490 1,602 1,615
49 49 60 56 58 10 3 -0 -0 0 1 2 2
22 39 62 163 154 180 285 330 215 253 265 321 372
Total Liabilities 143 183 242 392 472 606 862 1,268 1,277 1,453 1,769 1,939 2,003
27 43 51 78 90 79 134 171 156 146 157 148 142
CWIP -0 2 2 5 -0 35 -0 0 8 23 0 23 100
Investments 39 46 29 34 105 112 373 654 698 683 1,192 929 1,082
77 93 161 277 278 380 355 442 415 601 419 839 678
Total Assets 143 183 242 392 472 606 862 1,268 1,277 1,453 1,769 1,939 2,003

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
-8 50 -21 56 90 174 288 328 124 131 340 -173
-7 -17 5 -39 -84 -35 -279 -301 -15 13 -314 275
15 -14 1 -13 -12 -74 -48 -52 -103 -149 1 -86
Net Cash Flow 1 19 -14 4 -6 66 -39 -26 6 -6 27 16

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 41 15 23 15 7 3 2 2 2 4 2 2
Inventory Days 88 57 73 84 59 54 60 71 37 52 44 73
Days Payable 30 32 15 51 24 32 49 50 26 28 30 26
Cash Conversion Cycle 99 39 82 48 42 24 14 24 13 28 16 49
Working Capital Days 86 31 50 33 26 23 7 14 8 21 12 40
ROCE % 9% 34% 30% 53% 65% 64% 60% 83% 32% 33% 26% 15%

Shareholding Pattern

Numbers in percentages

Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022
43.69 43.69 43.69 43.69 43.69 43.69 43.68 43.68 43.68 43.68 43.28 43.28
17.83 17.28 16.40 17.20 17.65 17.57 17.37 17.11 15.16 14.02 14.06 12.67
2.22 2.98 4.06 3.75 3.13 4.35 5.23 6.14 8.18 8.73 8.62 8.75
2.72 2.72 2.72 2.72 2.72 2.72 2.72 2.72 2.72 2.72 2.72 2.72
33.54 33.33 33.13 32.64 32.81 31.66 30.99 30.34 30.26 30.85 31.33 32.57

* 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.

Documents

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