Avanti Feeds Ltd
Avanti Feeds Ltd. manufactures and sells shrimp feed, and exports processed shrimp.[1]
- Market Cap ₹ 10,182 Cr.
- Current Price ₹ 748
- High / Low ₹ 1,594 / 631
- Stock P/E 18.9
- Book Value ₹ 241
- Dividend Yield 1.34 %
- ROCE 24.4 %
- ROE 18.3 %
- Face Value ₹ 1.00
Pros
- Company is almost debt free.
- Company has been maintaining a healthy dividend payout of 23.8%
Cons
- The company has delivered a poor sales growth of 8.15% 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.
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1,709 | 1,935 | 2,616 | 3,393 | 3,488 | 4,115 | 4,101 | 5,036 | 5,087 | 5,369 | 5,599 | 6,066 | 6,360 | |
| 1,526 | 1,704 | 2,284 | 2,708 | 3,078 | 3,659 | 3,639 | 4,722 | 4,692 | 4,909 | 4,965 | 5,316 | 5,720 | |
| Operating Profit | 182 | 231 | 332 | 684 | 410 | 456 | 461 | 314 | 395 | 460 | 634 | 750 | 640 |
| OPM % | 11% | 12% | 13% | 20% | 12% | 11% | 11% | 6% | 8% | 9% | 11% | 12% | 10% |
| 9 | 20 | 23 | 49 | 59 | 71 | 93 | 54 | 79 | 136 | 166 | 199 | 214 | |
| Interest | 3 | 3 | 5 | 5 | 5 | 4 | 3 | 4 | 4 | 3 | 4 | 5 | 3 |
| Depreciation | 9 | 10 | 14 | 24 | 36 | 38 | 41 | 41 | 43 | 56 | 58 | 63 | 61 |
| Profit before tax | 180 | 238 | 337 | 704 | 428 | 485 | 510 | 324 | 427 | 537 | 737 | 881 | 789 |
| Tax % | 35% | 33% | 33% | 34% | 28% | 20% | 22% | 24% | 27% | 27% | 24% | 25% | |
| 116 | 158 | 226 | 466 | 307 | 386 | 397 | 245 | 312 | 394 | 557 | 657 | 587 | |
| EPS in Rs | 8.52 | 11.56 | 15.83 | 32.78 | 20.08 | 25.43 | 26.43 | 16.26 | 20.45 | 26.21 | 38.81 | 44.48 | 38.97 |
| Dividend Payout % | 22% | 20% | 19% | 12% | 20% | 20% | 24% | 38% | 31% | 26% | 23% | 22% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 12% |
| 5 Years: | 8% |
| 3 Years: | 6% |
| TTM: | 11% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 14% |
| 5 Years: | 12% |
| 3 Years: | 28% |
| TTM: | -7% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 16% |
| 5 Years: | 7% |
| 3 Years: | 19% |
| 1 Year: | 18% |
| Return on Equity | |
|---|---|
| 10 Years: | 20% |
| 5 Years: | 16% |
| 3 Years: | 18% |
| Last Year: | 18% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| 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 | 256 | 414 | 626 | 1,022 | 1,192 | 1,390 | 1,748 | 1,882 | 2,082 | 2,352 | 2,787 | 3,272 |
| 58 | 11 | 19 | 7 | 9 | 2 | 4 | 4 | 3 | 17 | 15 | 13 | |
| 154 | 189 | 414 | 488 | 400 | 475 | 517 | 617 | 636 | 716 | 867 | 961 | |
| Total Liabilities | 478 | 623 | 1,069 | 1,526 | 1,615 | 1,880 | 2,282 | 2,516 | 2,735 | 3,098 | 3,683 | 4,260 |
| 90 | 104 | 160 | 312 | 293 | 271 | 292 | 273 | 398 | 497 | 564 | 592 | |
| CWIP | 0 | 42 | 94 | 2 | 9 | 26 | 6 | 40 | 34 | 9 | 30 | 21 |
| Investments | 111 | 33 | 360 | 584 | 630 | 680 | 1,235 | 931 | 1,005 | 746 | 873 | 1,262 |
| 277 | 444 | 454 | 628 | 683 | 903 | 749 | 1,272 | 1,298 | 1,847 | 2,216 | 2,386 | |
| Total Assets | 478 | 623 | 1,069 | 1,526 | 1,615 | 1,880 | 2,282 | 2,516 | 2,735 | 3,098 | 3,683 | 4,260 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 89 | 122 | 278 | 281 | 184 | 178 | 383 | -212 | 451 | 260 | 584 | 505 | |
| -84 | 18 | -408 | -269 | -27 | -79 | -366 | 299 | -418 | -218 | -485 | -385 | |
| -12 | -74 | 101 | -45 | -106 | -141 | 15 | -68 | -65 | -63 | -86 | -104 | |
| Net Cash Flow | -6 | 66 | -30 | -34 | 51 | -42 | 31 | 18 | -32 | -21 | 14 | 16 |
| Free Cash Flow | 73 | 56 | 187 | 201 | 160 | 144 | 340 | -267 | 292 | 129 | 437 | 427 |
| CFO/OP | 82% | 84% | 116% | 76% | 80% | 62% | 110% | -44% | 137% | 87% | 118% | 99% |
Ratios
Consolidated / View Standalone
| 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 | 7 | 3 | 5 | 5 | 8 | 6 | 8 | 9 | 10 | 9 | 9 |
| Inventory Days | 59 | 68 | 63 | 79 | 51 | 61 | 63 | 85 | 71 | 75 | 75 | 79 |
| Days Payable | 24 | 34 | 44 | 43 | 24 | 24 | 27 | 26 | 25 | 27 | 21 | 20 |
| Cash Conversion Cycle | 42 | 41 | 22 | 41 | 32 | 44 | 42 | 67 | 55 | 57 | 64 | 67 |
| Working Capital Days | 15 | 28 | 15 | 29 | 25 | 36 | 34 | 57 | 45 | 48 | 39 | 38 |
| ROCE % | 65% | 62% | 57% | 74% | 33% | 32% | 26% | 15% | 18% | 20% | 24% | 24% |
Insights
In beta| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Shrimp Feed Production Volume MT |
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| Shrimp Feed Sales Volume MT |
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| Shrimp Processing Production Volume MT |
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| Shrimp Processing Sales Volume MT |
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| Processed Shrimp Exports - Asia Share % |
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| Processed Shrimp Exports - Europe Share % |
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| Processed Shrimp Exports - North America Share % |
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Extracted by Screener AI
Documents
Announcements
- Closure of Trading Window
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Intimation Under Regulation 30 Of SEBI (LODR) Regulations 2015 ('Listing Regulations' Or 'SEBI (LODR) Reg., 2015') In Respect Of Incorporation Of Thai Union Feedmill Ecuador
S.A.S.
- Thai Union Feedmill Ecuador S.A.S. incorporated in Ecuador on September 4, 2026 for aquaculture feed business.
- Announcement under Regulation 30 (LODR)-Earnings Call Transcript
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
- Audio recording of Q1 FY2027 post-earnings conference call is available on the company website.
- Announcement under Regulation 30 (LODR)-Investor Presentation
Annual reports
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Annual Report 2026
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Annual Report 2025
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Annual Report 2024
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Annual Report 2023
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Annual Report 2022
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Annual Report 2021
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Annual Report 2020
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Annual Report 2019
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Annual Report 2018
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Annual Report 2017
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Annual Report 2016
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Annual Report 2015
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Annual Report 2014
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Annual Report 2013
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Annual Report 2012
from bse
Concalls
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Aug 2026Transcript PPT REC
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Jun 2026Transcript PPT REC
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Mar 2026Transcript PPT
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Nov 2025Transcript PPT REC
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Sep 2025Transcript PPT
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Jun 2025Transcript PPT REC
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Feb 2025Transcript PPT REC
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Nov 2024Transcript PPT REC
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Nov 2024PPT
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Aug 2024Transcript PPT REC
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Jun 2024Transcript PPT
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Feb 2024Transcript
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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 2022Transcript
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Nov 2022Transcript PPT
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Aug 2022Transcript PPT
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May 2022Transcript
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Mar 2022Transcript
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Nov 2021Transcript
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Aug 2021Transcript
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Jul 2021Transcript PPT
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Mar 2021Transcript
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Feb 2021PPT
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Dec 2020Transcript PPT
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Sep 2020Transcript PPT
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Aug 2020Transcript
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Apr 2020PPT
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Mar 2020Transcript PPT
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Nov 2019Transcript
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Aug 2019Transcript PPT
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Jul 2019Transcript
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Jun 2019PPT
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Feb 2019Transcript
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Dec 2018Transcript
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Sep 2018Transcript
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Aug 2018PPT
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Aug 2018PPT
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Jun 2018Transcript PPT
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Mar 2018Transcript
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Feb 2018Transcript
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Dec 2017Transcript
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Sep 2017Transcript
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May 2017Transcript PPT
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Feb 2017Transcript PPT
Business Segments [1]
a) Shrimp Feed Manufacturing (82% in Q1 FY27 vs 77% in Q1 FY26): [2] [3] [4]
The company is a shrimp feed manufacturer, with an estimated 51-53% market share in the domestic shrimp feed market. Its product portfolio includes Manamei, Profeed, Prostar, Titan, and High Boost, etc catering to different shrimp species and farming requirements. The company has an installed shrimp feed manufacturing capacity of 7.75 lakh MTPA, spread across 5 ISO- and BAP-certified plants.