AVT Natural Products Ltd

₹ 105 -1.82%
19 Aug - close price
About

AVT Natural Products Limited is a part of the A.V. Thomas Group. The Company is engaged in the business of manufacturing plant-based extracts and natural ingredients solutions for the food, beverage, animal nutrition and nutraceutical industries of the world. [1]

Key Points

Products
The main business categories of the Co are Marigold Extracts for Eye care & Poultry pigmentation, Food & Beverage Solutions, Spice oleoresin and oils for food coloring and flavoring, Value added Teas: Decaffeinated Teas and Instant Teas, Functional ingredients and Animal Health & Nutrition Solutions. [1]

  • Market Cap 1,609 Cr.
  • Current Price 105
  • High / Low 136 / 64.0
  • Stock P/E 19.8
  • Book Value 24.2
  • Dividend Yield 0.95 %
  • ROCE 26.7 %
  • ROE 21.4 %
  • Face Value 1.00

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company has delivered good profit growth of 26.1% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 23.8%

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: Edible Oil Industry: Solvent Extraction

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022
74 108 117 97 105 125 130 126 147 135 148 129 149
65 92 96 86 90 110 104 110 123 113 108 110 113
Operating Profit 9 15 22 11 15 15 26 16 24 22 40 19 36
OPM % 13% 14% 18% 11% 14% 12% 20% 13% 17% 16% 27% 15% 24%
1 1 2 3 0 1 2 6 2 2 2 5 1
Interest 2 1 1 1 1 1 1 2 1 1 1 1 1
Depreciation 3 3 4 3 4 4 4 3 4 4 4 3 3
Profit before tax 5 12 18 9 10 12 22 16 21 19 36 19 33
Tax % 5% 38% 28% 7% 25% 21% 25% 28% 24% 27% 27% 18% 25%
Net Profit 5 8 13 8 8 9 17 12 16 14 27 16 25
EPS in Rs 0.34 0.50 0.85 0.55 0.51 0.60 1.09 0.78 1.07 0.93 1.74 1.04 1.63

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
148 239 267 290 261 274 311 328 339 396 485 559 561
122 149 184 216 214 235 269 295 297 339 414 454 444
Operating Profit 26 90 83 74 48 39 42 33 42 57 71 106 117
OPM % 17% 38% 31% 25% 18% 14% 14% 10% 12% 14% 15% 19% 21%
-0 1 0 1 2 1 5 13 4 7 8 10 10
Interest 5 6 6 2 4 1 2 3 5 6 4 5 4
Depreciation 3 4 4 5 6 6 7 7 11 14 15 14 14
Profit before tax 17 80 73 67 41 33 38 36 30 45 61 97 108
Tax % 34% 32% 34% 37% 35% 35% 36% 32% 30% 24% 25% 25%
Net Profit 11 55 48 42 26 22 24 24 21 34 45 73 81
EPS in Rs 0.73 3.60 3.14 2.76 1.73 1.42 1.61 1.59 1.37 2.23 2.97 4.78 5.34
Dividend Payout % 34% 17% 20% 27% 29% 28% 25% 25% 29% 27% 24% 21%
Compounded Sales Growth
10 Years: 9%
5 Years: 12%
3 Years: 18%
TTM: 6%
Compounded Profit Growth
10 Years: 3%
5 Years: 26%
3 Years: 53%
TTM: 51%
Stock Price CAGR
10 Years: 20%
5 Years: 22%
3 Years: 71%
1 Year: 40%
Return on Equity
10 Years: 16%
5 Years: 14%
3 Years: 17%
Last Year: 21%

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
8 8 8 15 15 15 15 15 15 15 15 15
Reserves 49 94 131 152 171 185 209 223 236 260 295 354
56 39 35 5 7 10 15 36 81 46 54 25
27 56 54 64 44 39 36 55 56 57 62 55
Total Liabilities 139 196 228 237 237 249 275 330 389 378 426 449
37 39 45 51 53 58 57 56 98 99 89 82
CWIP 0 0 3 0 2 1 0 28 0 0 0 2
Investments 0 0 1 15 7 28 38 30 7 8 8 28
102 157 179 171 175 162 180 215 283 271 329 337
Total Assets 139 196 228 237 237 249 275 330 389 378 426 449

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
2 40 36 68 12 34 16 14 -30 71 8 74
-3 -5 -14 -22 0 -31 -10 -29 4 -14 -4 -29
0 -34 -18 -41 -12 -7 -3 11 29 -50 -6 -45
Net Cash Flow -1 1 4 5 -1 -4 3 -4 3 7 -3 0

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 146 79 61 47 58 69 65 71 88 69 77 67
Inventory Days 140 300 291 248 278 184 205 186 341 235 258 263
Days Payable 42 59 40 59 37 28 39 68 82 43 59 45
Cash Conversion Cycle 243 319 312 236 300 226 231 188 347 261 275 284
Working Capital Days 188 146 162 121 168 155 137 156 232 177 191 174
ROCE % 21% 69% 51% 40% 25% 17% 17% 14% 11% 15% 19% 27%

Shareholding Pattern

Numbers in percentages

Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022
74.81 74.96 74.96 74.96 74.96 74.96 74.96 74.96 75.00 75.00 75.00 75.00
0.03 0.03 0.03 0.00 0.00 0.00 0.00 0.00 0.02 0.02 0.07 0.09
0.02 0.02 0.05 0.06 0.02 0.02 0.02 0.02 0.02 0.01 0.01 0.02
25.14 24.98 24.95 24.98 25.02 25.02 25.02 25.02 24.96 24.97 24.92 24.89

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