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.
AFL is the largest shrimp feed producer in India with an installed feed manufacturing capacity of 600,000 tonnes per annum (tpa). The company commands a market share of about 45% in the domestic feed business. The company’s shrimp processing subsidiary, AFFPL, has an installed processing capacity of 22,000 mtpa across two state-of-the-art processing facilities and is one of the leading shrimp exporters in the country.
- Market Cap ₹ 6,647 Cr.
- Current Price ₹ 488
- High / Low ₹ 587 / 250
- Stock P/E 17.6
- Book Value ₹ 119
- Dividend Yield 1.05 %
- ROCE 36.6 %
- ROE 26.1 %
- Face Value ₹ 1.00
Pros
- Company is almost debt free.
- Company has a good return on equity (ROE) track record: 3 Years ROE 32.02%
- Company has been maintaining a healthy dividend payout of 17.39%
- Company's median sales growth is 35.16% of last 10 years
Cons
- No cons found. Suggest something.
Peer comparison
Sector: Miscellaneous Industry: Food - Processing - Indian
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Mar 2018 | Jun 2018 | Sep 2018 | Dec 2018 | Mar 2019 | Jun 2019 | Sep 2019 | Dec 2019 | Mar 2020 | Jun 2020 | Sep 2020 | Dec 2020 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
834 | 1,040 | 755 | 835 | 858 | 1,093 | 1,064 | 923 | 1,035 | 955 | 1,132 | 915 | |
717 | 909 | 682 | 726 | 764 | 957 | 935 | 859 | 910 | 826 | 978 | 824 | |
Operating Profit | 117 | 132 | 72 | 110 | 93 | 137 | 129 | 63 | 125 | 129 | 153 | 92 |
OPM % | 14% | 13% | 10% | 13% | 11% | 13% | 12% | 7% | 12% | 14% | 14% | 10% |
Other Income | 15 | 14 | 12 | 14 | 19 | 18 | 22 | 20 | 12 | 28 | 19 | 28 |
Interest | 0 | 0 | 1 | 1 | 1 | 0 | 0 | 1 | 1 | 0 | 0 | 0 |
Depreciation | 8 | 9 | 9 | 9 | 9 | 9 | 10 | 9 | 10 | 9 | 10 | 12 |
Profit before tax | 124 | 137 | 75 | 114 | 103 | 145 | 141 | 73 | 126 | 147 | 162 | 108 |
Tax % | 31% | 34% | 26% | 25% | 26% | 30% | 9% | 19% | 22% | 21% | 23% | 20% |
Net Profit | 83 | 86 | 46 | 74 | 68 | 93 | 119 | 48 | 87 | 104 | 111 | 75 |
EPS in Rs | 6.09 | 6.29 | 3.41 | 5.40 | 4.99 | 6.82 | 8.71 | 3.51 | 6.38 | 7.64 | 8.17 | 5.50 |
Notes | Notes | Notes | Notes | Notes | Notes | Notes | Notes | Notes | Notes | Notes | Notes |
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
68 | 90 | 204 | 383 | 626 | 1,093 | 1,709 | 1,935 | 2,616 | 3,393 | 3,488 | 4,115 | 4,037 | |
72 | 97 | 195 | 338 | 576 | 982 | 1,526 | 1,705 | 2,284 | 2,709 | 3,078 | 3,659 | 3,539 | |
Operating Profit | -4 | -7 | 9 | 45 | 50 | 111 | 182 | 230 | 332 | 684 | 410 | 456 | 499 |
OPM % | -6% | -8% | 4% | 12% | 8% | 10% | 11% | 12% | 13% | 20% | 12% | 11% | 12% |
Other Income | 4 | 11 | 4 | 3 | 3 | 4 | 9 | 21 | 23 | 49 | 59 | 71 | 86 |
Interest | 7 | 3 | 5 | 4 | 4 | 4 | 3 | 3 | 5 | 5 | 5 | 4 | 2 |
Depreciation | 3 | 3 | 3 | 4 | 5 | 6 | 9 | 10 | 14 | 24 | 36 | 38 | 40 |
Profit before tax | -10 | -2 | 5 | 40 | 44 | 105 | 180 | 238 | 337 | 704 | 428 | 485 | 543 |
Tax % | 30% | 47% | 33% | 30% | 32% | 34% | 35% | 33% | 33% | 34% | 28% | 20% | |
Net Profit | -7 | -1 | 3 | 28 | 30 | 70 | 116 | 158 | 216 | 446 | 274 | 346 | 377 |
EPS in Rs | -0.58 | -0.10 | 0.28 | 2.34 | 2.21 | 5.18 | 8.52 | 11.56 | 15.83 | 32.78 | 20.08 | 25.43 | 27.69 |
Dividend Payout % | -0% | -0% | 24% | 19% | 20% | 19% | 22% | 20% | 19% | 12% | 20% | 20% |
Compounded Sales Growth | |
---|---|
10 Years: | 47% |
5 Years: | 19% |
3 Years: | 16% |
TTM: | 3% |
Compounded Profit Growth | |
---|---|
10 Years: | 76% |
5 Years: | 24% |
3 Years: | 17% |
TTM: | 15% |
Stock Price CAGR | |
---|---|
10 Years: | 71% |
5 Years: | 29% |
3 Years: | -15% |
1 Year: | 24% |
Return on Equity | |
---|---|
10 Years: | 35% |
5 Years: | 34% |
3 Years: | 32% |
Last Year: | 26% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Sep 2020 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
8 | 8 | 8 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 14 | 14 | 14 | |
Reserves | 60 | 59 | 62 | 86 | 116 | 170 | 256 | 414 | 626 | 1,022 | 1,192 | 1,390 | 1,603 |
Borrowings | 38 | 34 | 54 | 50 | 61 | 56 | 58 | 11 | 19 | 7 | 9 | 2 | 8 |
12 | 14 | 26 | 39 | 62 | 163 | 154 | 189 | 414 | 488 | 400 | 475 | 565 | |
Total Liabilities | 118 | 115 | 150 | 183 | 248 | 398 | 478 | 623 | 1,069 | 1,526 | 1,615 | 1,880 | 2,190 |
30 | 28 | 27 | 43 | 51 | 78 | 90 | 104 | 160 | 312 | 293 | 271 | 260 | |
CWIP | -0 | -0 | 11 | 2 | 2 | 5 | -0 | 42 | 94 | 2 | 9 | 26 | 27 |
Investments | 28 | 31 | 34 | 45 | 35 | 40 | 111 | 33 | 360 | 584 | 630 | 680 | 1,283 |
61 | 55 | 78 | 93 | 161 | 276 | 277 | 444 | 454 | 628 | 683 | 903 | 621 | |
Total Assets | 118 | 115 | 150 | 183 | 248 | 398 | 478 | 623 | 1,069 | 1,526 | 1,615 | 1,880 | 2,190 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
9 | 4 | -8 | 50 | -21 | 56 | 89 | 122 | 278 | 281 | 184 | 125 | |
1 | -2 | -18 | -17 | 5 | -39 | -84 | 18 | -408 | -269 | -27 | -26 | |
-5 | -7 | 19 | -14 | 1 | -13 | -12 | -74 | 101 | -45 | -106 | -141 | |
Net Cash Flow | 5 | -6 | -6 | 19 | -14 | 4 | -6 | 66 | -30 | -34 | 51 | -42 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
ROCE % | -3% | 1% | 9% | 33% | 29% | 52% | 65% | 62% | 63% | 83% | 36% | 37% |
Debtor Days | 85 | 36 | 41 | 15 | 23 | 15 | 7 | 7 | 3 | 5 | 5 | 8 |
Inventory Turnover | 2.39 | 3.37 | 5.10 | 7.14 | 7.41 | 6.05 | 6.63 | 6.13 | 6.56 | 5.59 | 6.17 | 7.20 |
Documents
Add documentRecent announcements
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 11 Feb
- Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 10 Feb
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 5 Feb
- Announcement under Regulation 30 (LODR)-Newspaper Publication 5 Feb
- Unaudited Financial Results For The Quarter Ended 31.12.2020 4 Feb
View all
Annual reports
- 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