Avanti Feeds Ltd

About [ edit ]

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.

Key Points [ edit ]
  • 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

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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

Shareholding Pattern

Numbers in percentages

Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
43.78 43.78 43.76 43.76 43.76 43.76 43.72 43.67 43.69 43.69 43.69 43.69
14.14 12.98 13.34 13.83 13.42 13.70 13.93 15.69 17.83 17.28 16.40 17.20
17.06 16.47 16.71 17.55 3.03 2.49 2.85 3.62 2.22 2.98 4.06 3.75
2.72 2.72 2.72 2.72 2.72 2.72 2.72 2.72 2.72 2.72 2.72 2.72
22.29 24.04 23.47 22.14 37.06 37.32 36.78 34.29 33.54 33.33 33.13 32.64

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