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 ₹ 5,342 Cr.
- Current Price ₹ 392
- High / Low ₹ 615 / 364
- Stock P/E 20.9
- Book Value ₹ 142
- Dividend Yield 1.59 %
- ROCE 17.3 %
- ROE 11.7 %
- Face Value ₹ 1.00
Pros
- Company is almost debt free.
- Company has been maintaining a healthy dividend payout of 27.4%
- Company's median sales growth is 22.8% 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.
Peer comparison
Sector: Miscellaneous Industry: Food - Processing - Indian
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
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 | 2,616 | 3,393 | 3,488 | 4,115 | 4,101 | 5,036 | 5,293 | |
195 | 338 | 575 | 982 | 1,526 | 1,704 | 2,284 | 2,708 | 3,078 | 3,659 | 3,639 | 4,722 | 4,935 | |
Operating Profit | 9 | 45 | 52 | 112 | 182 | 231 | 332 | 684 | 410 | 456 | 461 | 314 | 357 |
OPM % | 4% | 12% | 8% | 10% | 11% | 12% | 13% | 20% | 12% | 11% | 11% | 6% | 7% |
4 | 3 | 1 | 4 | 9 | 20 | 23 | 49 | 59 | 71 | 93 | 54 | 61 | |
Interest | 5 | 4 | 4 | 4 | 3 | 3 | 5 | 5 | 5 | 4 | 3 | 4 | 2 |
Depreciation | 3 | 4 | 5 | 6 | 9 | 10 | 14 | 24 | 36 | 38 | 41 | 41 | 40 |
Profit before tax | 5 | 40 | 44 | 105 | 180 | 238 | 337 | 704 | 428 | 485 | 510 | 324 | 377 |
Tax % | 33% | 30% | 32% | 34% | 35% | 33% | 33% | 34% | 28% | 20% | 22% | 24% | |
Net Profit | 4 | 28 | 30 | 70 | 116 | 158 | 226 | 466 | 307 | 386 | 397 | 245 | 276 |
EPS in Rs | 0.28 | 2.34 | 2.21 | 5.18 | 8.52 | 11.56 | 15.83 | 32.78 | 20.08 | 25.43 | 26.43 | 16.26 | 18.16 |
Dividend Payout % | 24% | 19% | 20% | 19% | 22% | 20% | 19% | 12% | 20% | 20% | 24% | 38% |
Compounded Sales Growth | |
---|---|
10 Years: | 29% |
5 Years: | 14% |
3 Years: | 13% |
TTM: | 14% |
Compounded Profit Growth | |
---|---|
10 Years: | 22% |
5 Years: | 0% |
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: | 24% |
3 Years: | 19% |
Last Year: | 12% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
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 | 62 | 86 | 116 | 170 | 256 | 414 | 626 | 1,022 | 1,192 | 1,390 | 1,748 | 1,882 | 1,915 |
54 | 50 | 61 | 56 | 58 | 11 | 19 | 7 | 9 | 2 | 4 | 4 | 4 | |
26 | 39 | 62 | 163 | 154 | 189 | 414 | 488 | 400 | 475 | 517 | 617 | 693 | |
Total Liabilities | 150 | 183 | 248 | 398 | 478 | 623 | 1,069 | 1,526 | 1,615 | 1,880 | 2,282 | 2,516 | 2,625 |
27 | 43 | 51 | 78 | 90 | 104 | 160 | 312 | 293 | 271 | 292 | 273 | 262 | |
CWIP | 11 | 2 | 2 | 5 | 0 | 42 | 94 | 2 | 9 | 26 | 6 | 40 | 129 |
Investments | 34 | 45 | 35 | 40 | 111 | 33 | 360 | 584 | 630 | 680 | 1,235 | 931 | 1,088 |
78 | 93 | 161 | 276 | 277 | 444 | 454 | 628 | 683 | 903 | 749 | 1,272 | 1,146 | |
Total Assets | 150 | 183 | 248 | 398 | 478 | 623 | 1,069 | 1,526 | 1,615 | 1,880 | 2,282 | 2,516 | 2,625 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
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 | 89 | 122 | 278 | 281 | 184 | 178 | 383 | -212 | |
-18 | -17 | 5 | -39 | -84 | 18 | -408 | -269 | -27 | -79 | -366 | 299 | |
19 | -14 | 1 | -13 | -12 | -74 | 101 | -45 | -106 | -141 | 15 | -68 | |
Net Cash Flow | -6 | 19 | -14 | 4 | -6 | 66 | -30 | -34 | 51 | -42 | 31 | 18 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
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 | 7 | 3 | 5 | 5 | 8 | 6 | 8 |
Inventory Days | 88 | 55 | 71 | 84 | 59 | 68 | 63 | 79 | 51 | 61 | 63 | 85 |
Days Payable | 31 | 16 | 15 | 51 | 24 | 34 | 44 | 43 | 24 | 24 | 27 | 26 |
Cash Conversion Cycle | 98 | 54 | 80 | 48 | 42 | 41 | 22 | 41 | 32 | 44 | 42 | 67 |
Working Capital Days | 87 | 30 | 50 | 33 | 26 | 29 | 15 | 29 | 26 | 36 | 34 | 57 |
ROCE % | 9% | 33% | 29% | 52% | 65% | 62% | 63% | 83% | 36% | 37% | 29% | 17% |
Documents
Announcements
-
Increase In Volume
2 Feb - Letter is attached for the same.
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
2 Feb - Publication of Notice in Newspapers in connection with the Loss of Share Certificate.
-
Clarification sought from Avanti Feeds Ltd
2 Feb - Exchange has sought clarification from Avanti Feeds Ltd on February 2, 2023, with reference to Movement in Volume.
- Board Meeting Intimation for Approval Of Unaudited Financial Results For The Quarter And Nine Months Ended Dec''31, 2022 23 Jan
-
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
9 Jan - Certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended December 31, 2022.
Annual reports
-
Financial Year 2022
from bse
-
Financial Year 2021
from bse
-
Financial Year 2020
from bse
-
Financial Year 2019
from bse
-
Financial Year 2018
from bse
-
Financial Year 2017
from bse
-
Financial Year 2016
from bse
-
Financial Year 2015
from bse
-
Financial Year 2014
from bse
-
Financial Year 2013
from bse
-
Financial Year 2012
from bse
-
Financial Year 2011
from bse
-
Financial Year 2010
from bse
Concalls
-
Nov 2022TranscriptPPT
-
Nov 2022TranscriptPPT
-
Aug 2022TranscriptPPT
-
May 2022TranscriptPPT
-
Mar 2022TranscriptPPT
-
Nov 2021TranscriptPPT
-
Aug 2021TranscriptPPT
-
Jul 2021Transcript PPT
-
Mar 2021Transcript PPT
-
Dec 2020Transcript PPT
-
Sep 2020Transcript PPT
-
Aug 2020TranscriptPPT
-
Mar 2020Transcript PPT
-
Nov 2019TranscriptPPT
-
Aug 2019Transcript PPT
-
Jul 2019Transcript PPT
-
Feb 2019TranscriptPPT
-
Dec 2018TranscriptPPT
-
Sep 2018Transcript PPT
-
Aug 2018TranscriptPPT
-
Jun 2018Transcript PPT
-
Mar 2018TranscriptPPT
-
Feb 2018TranscriptPPT
-
Dec 2017TranscriptPPT
-
Sep 2017TranscriptPPT
-
May 2017Transcript PPT
-
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]