Avanti Feeds Ltd // Other Food Products

to
430.60
Pros:
Company has reduced debt.
Company is virtually debt free.
Promoter's stake has increased
Company has good consistent profit growth of 71.65% over 5 years
Company has a good return on equity (ROE) track record: 3 Years ROE 47.57%
Cons:

Peer Comparison

S.No. Name CMP Rs. P/E Mar Cap Rs.Cr. Div Yld % NP Qtr Rs.Cr. Qtr Profit Var % Sales Qtr Rs.Cr. Qtr Sales Var % ROCE %
1. Avanti Feeds 430.60 12.55 5866.74 0.93 86.00 -2.20 834.28 24.22 148.96
2. Waterbase 153.80 21.97 637.14 0.61 2.49 -12.63 65.79 10.31 14.14
3. Apis India 17.70 0.84 9.75 0.00 4.32 87.83 56.71 15.19 20.56
4. Oceanaa Biotek 86.50 10.74 117.34 0.52 4.97 562.67 21.71 515.01 33.16
5. Foods & Inns 155.60 40.62 255.49 0.19 1.19 -56.57 104.08 2.33 6.99
6. Kothari Ferment. 80.50 22.66 120.75 0.00 2.77 127.05 23.21 9.07 14.27
7. Ovobel Foods 15.75 3.68 16.54 0.00 11.33 1718.57 27.36 63.44 -27.56

Quarterly Results Consolidated Figures in Rs. Crores / View Standalone

Jun 2015 Sep 2015 Dec 2015 Mar 2016 Jun 2016 Sep 2016 Dec 2016 Mar 2017 Jun 2017 Sep 2017 Dec 2017 Mar 2018
603 532 413 468 724 684 535 671 998 854 706 834
539 470 357 422 648 625 466 545 773 667 553 717
Operating Profit 64 62 55 46 76 58 68 126 224 186 153 116
OPM % 10.63% 11.72% 13.43% 9.89% 10.5% 8.6% 12.87% 18.81% 22.54% 21.85% 21.68% 13.98%
Other Income 7 5 3 4 1 7 4 10 6 10 16 15
Depreciation 2 2 2 2 2 3 3 3 4 4 7 7
Interest 0 0 0 0 0 0 0 1 0 1 0 0
Profit before tax 68 65 56 47 74 62 68 131 226 191 161 124
Tax 23 21 19 15 25 20 21 42 77 65 56 38
Net Profit 45 43 36 31 49 42 46 88 148 126 105 86

Profit & Loss Consolidated Figures in Rs. Crores / View Standalone

Mar 2007 Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018
146 98 69 91 207 393 648 1,131 1,780 2,018 2,615 3,392
128 96 73 98 199 348 597 1,020 1,598 1,787 2,283 2,709
Operating Profit 17 1 -3 -7 8 44 50 111 182 230 332 683
OPM % 12.23% 1.47% -5.44% -7.72% 4.16% 11.37% 7.79% 9.85% 10.24% 11.41% 12.7% 20.15%
Other Income 3 8 4 10 4 3 2 3 9 21 23 49
Interest 4 5 7 3 4 4 3 4 2 3 5 4
Depreciation 9 3 3 2 2 4 4 5 8 10 13 23
Profit before tax 7 1 -9 -2 5 40 44 105 179 238 336 704
Tax 1 0 -2 -1 1 11 13 35 63 79 110 238
Net Profit 3 0 -7 -1 3 28 30 70 115 157 215 446
EPS (unadj) 5.50 1.19 0.00 0.00 4.09 33.86 31.98 74.97 122.03 33.56 47.49 98.31
Dividend Payout % 26.02% 73.48% -0.0% -0.0% 23.53% 18.54% 19.65% 19.35% 21.55% 20.18% 18.95% 12.21%
Compounded Sales Growth
10 Years:54.08%
5 Years:39.25%
3 Years:23.97%
TTM:29.71%
Compounded Profit Growth
10 Years:%
5 Years:71.65%
3 Years:56.59%
TTM:105.98%
Return on Equity
10 Years:43.10%
5 Years:47.92%
3 Years:47.57%
TTM:53.10%

Balance Sheet Consolidated Figures in Rs. Crores / View Standalone

Mar 2007 Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018
6 6 8 8 8 9 9 9 9 9 9 9
Reserves 68 62 60 58 61 85 116 170 256 413 626 1,022
58 40 38 34 54 49 61 56 58 10 19 6
Other Liabilities 38 9 11 13 28 40 62 163 154 189 413 487
Total Liabilities 171 119 118 114 152 183 248 399 477 622 1,068 1,526
69 33 30 27 26 43 50 77 89 103 160 312
CWIP 0 0 0 0 11 1 1 4 0 41 94 1
Investments 13 27 27 31 34 44 34 40 111 33 359 584
88 58 60 55 79 93 161 276 277 443 454 627
Total Assets 171 119 118 114 152 183 248 399 477 622 1,068 1,526

Cash Flows Consolidated Figures in Rs. Crores / View Standalone

Mar 2007 Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018
11 17 9 3 -7 50 -20 55 89 122 277 280
-6 0 0 -2 -17 -17 5 -39 -83 18 -407 -269
-5 -21 -4 -7 19 -14 0 -12 -11 -74 100 -45
Net Cash Flow 0 -3 5 -5 -6 18 -14 3 -6 65 -29 -33