Is Avanti Feeds a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Avanti Feeds Ltd is a good quality company .

Is Avanti Feeds undervalued or overvalued?

The key valuation ratios of Avanti Feeds Ltd's currently when compared to its past seem to suggest it is in the Fair zone .

What is Avanti Feeds share price return in the past 10 years?

Avanti Feeds Ltd share price has appreciated 17.4% annually (CAGR) over the past ten years.

Is Avanti Feeds a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Avanti Feeds Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

Avanti Feeds Ltd - Stock Valuation and Financial Performance

Name: Avanti Feeds
Brand: Avanti Feeds

BSE: 512573 | NSE: AVANTIFEED | Consumer Food | Small Cap

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Avanti Feeds Share Price

₹595.25 -22.55 -3.65%
as on 21-Nov'24 16:59

10 Year X-Ray of Avanti Feeds:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Standalone Basis ^P Consolidated Basis ^P

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
ROCE % ⓘ	65.3%	64%	63%	83.8%	38.4%	37.4%	32.4%	17.9%	21.6%	24.1%	-
Value Creation Index ⓘ	3.7	3.6	3.5	5.2	1.7	1.8	1.4	0.3	0.6	0.8	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	1,781	2,018	2,616	3,393	3,488	4,115	4,101	5,036	5,087	5,369	5,398
Sales YoY Gr.	-	13.4%	29.6%	29.7%	2.8%	18%	-0.4%	22.8%	1%	5.5%	-
Adj EPS ⓘ	8.3	11.1	15.4	32.3	20.2	25.1	24.9	15.3	19.9	25.6	30.7
YoY Gr.	-	33.4%	39.3%	109.5%	-37.6%	24.4%	-0.8%	-38.7%	30.7%	28.3%	-
BVPS (₹) ⓘ	19.5	30.9	46.6	75.7	88.5	103	129.3	139.1	153.8	173.6	184.6
Adj Net Profit ⓘ	113	151	210	440	275	342	339	208	272	349	418
Cash Flow from Ops. ⓘ	89.3	122	278	281	184	178	383	-212	451	263	-
Debt/CF from Ops. ⓘ	0.7	0.1	0.1	0	0.1	0	0	0	0	0.1	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	13.1%	9%	9.4%	5.5%
Adj EPS ⓘ	13.3%	4.9%	0.9%	28.3%
BVPSⓘ	27.5%	14.4%	10.3%	12.9%
Share Price	17.4%	2.6%	2.9%	50.2%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
Return on Equity % ⓘ	50.8	43.8	39.7	52.8	24.6	26.2	21.4	11.4	13.6	15.6	17.2
Op. Profit Mgn % ⓘ	10.2	11.5	12.7	20.2	11.9	11.1	11.3	6.4	7.8	8.6	9.7
Net Profit Mgn % ⓘ	6.4	7.6	8.4	13.6	8.8	9.3	9.2	4.6	6	7.2	7.8
Debt to Equity ⓘ	0.2	0	0	0	0	0	0	0	0	0	0
Working Cap Days ⓘ	61	58	54	55	58	53	52	57	67	60	91
Cash Conv. Cycle ⓘ	27	28	18	16	25	27	24	31	38	33	76

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 17.10%

Sales growth has been subdued in last 3 years 9.40%

Net Profit has been subdued in last 3 years 0.92%

Sales growth is not so good in last 4 quarters at 8.51%

Latest Financials - Avanti Feeds Ltd.

	Standalone	Consolidated
TTM EPS (₹)	27.1	30.7
TTM Sales (₹ Cr.)	4,282	5,398
BVPS (₹.) ⓘ	155.2	184.6
Reserves (₹ Cr.) ⓘ	2,101	2,502
P/BV ⓘ	3.98	3.35
PE ⓘ	22.78	20.12

From the Market
52 Week Low / High (₹)	389.00 / 791.10
All Time Low / High (₹)	0.20 / 1000.00
Market Cap (₹ Cr.)	8,417
Equity (₹ Cr.)	13.6
Face Value (₹)	1
Industry PE ⓘ	64.4

Management X-Ray of Avanti Feeds:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

* Pledged shares as % of Promoter's holding (%)

Valuation of Avanti Feeds

Price Calculator

Price Chart

Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

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Key Ratios of Avanti Feeds

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Sales	1,781	2,018	2,616	3,393	3,488	4,115	4,101	5,036	5,087	5,369
Operating Expenses ⓘ	1,598	1,787	2,284	2,712	3,079	3,669	3,639	4,712	4,692	4,910
Manufacturing Costs	102	108	90	125	146	162	171	195	234	251
Material Costs	1,336	1,492	2,071	2,410	2,737	3,264	3,205	4,238	4,118	4,315
Employee Cost	48	58	73	111	100	114	126	126	167	200
Other Costs ⓘ	112	128	49	67	96	129	136	153	172	144
Operating Profit ⓘ	182	231	332	681	409	446	462	324	395	459
Operating Profit Margin (%)	10.2%	11.5%	12.7%	20.1%	11.7%	10.8%	11.3%	6.4%	7.8%	8.5%
Other Income ⓘ	8	17	24	52	54	80	93	82	92	137
Interest ⓘ	3	3	5	5	5	4	3	4	4	3
Depreciation ⓘ	9	10	14	24	36	38	41	41	43	56
Exceptional Items ⓘ	1	4	0	-1	5	0	0	-28	-13	0
Profit Before Tax ⓘ	180	238	337	705	428	485	510	324	427	537
Tax ⓘ	63	79	110	238	121	99	112	79	115	143
Profit After Tax	117	159	226	466	307	386	397	245	312	394
PAT Margin (%)	6.5%	7.9%	8.7%	13.7%	8.8%	9.4%	9.7%	4.9%	6.1%	7.3%
Adjusted EPS (₹)	8.5	11.6	15.8	32.8	20.1	25.4	26.4	16.3	20.5	26.2
Dividend Payout Ratio (%)	22%	20%	19%	12%	20%	20%	24%	38%	31%	26%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Equity and Liabilities
Shareholders Fund	265	423	635	1,031	1,206	1,404	1,761	1,895	2,095	2,365
Share Capital ⓘ	9	9	9	9	14	14	14	14	14	14
Reserves ⓘ	256	414	626	1,022	1,192	1,390	1,748	1,882	2,082	2,352
Minority Interest	0	0	98	118	151	191	228	252	281	324
Debt	55	9	13	5	8	0	0	0	0	14
Long Term Debt	4	2	12	2	1	0	0	0	0	14
Short Term Debt	51	7	1	4	7	0	0	0	0	0
Trade Payables	91	143	250	287	180	218	239	305	281	321
Others Liabilities ⓘ	66	48	72	84	70	67	51	62	77	74
Total Liabilities ⓘ	478	623	1,069	1,526	1,615	1,880	2,280	2,515	2,735	3,098
Fixed Assets
Gross Block	137	161	174	349	365	377	439	458	620	773
Accumulated Depreciation	47	57	14	37	72	106	147	185	223	276
Net Fixed Assetsⓘ	90	104	160	312	293	271	292	273	398	497
CWIP ⓘ	0	42	94	2	9	26	6	40	34	9
Investmentsⓘ	111	33	360	584	630	680	1,235	931	1,005	746
Inventories	222	286	356	525	379	544	553	988	803	885
Trade Receivables	34	35	23	50	49	89	67	114	122	143
Cash Equivalents ⓘ	6	73	45	14	187	199	61	75	286	737
Others Assetsⓘ	15	51	30	38	68	72	66	95	87	81
Total Assets ⓘ	478	623	1,069	1,526	1,615	1,880	2,280	2,515	2,735	3,098

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Cash Flow From Operating Activity ⓘ	89	122	278	281	184	178	383	-212	451	263
PBT ⓘ	180	237	337	705	428	485	510	324	427	537
Adjustment ⓘ	3	-3	-4	-19	3	-23	-36	-25	-38	-68
Changes in Working Capital ⓘ	-34	-39	52	-167	-101	-178	34	-436	152	-68
Tax Paid ⓘ	-60	-73	-107	-238	-146	-106	-126	-75	-90	-138
Cash Flow From Investing Activity ⓘ	-84	18	-408	-269	-27	-79	-366	299	-418	-224
Capex	-16	-66	-91	-79	-24	-34	-43	-55	-159	-131
Net Investments	-69	80	-324	-202	-23	-25	-499	341	-41	312
Others ⓘ	2	4	8	12	21	-20	175	13	-217	-405
Cash Flow From Financing Activityⓘ	-12	-74	101	-45	-106	-141	15	-68	-65	-60
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	-6	0	0	0	0	0	0	0	0	14
Interest Paid ⓘ	-1	-2	-3	-3	-3	-2	-2	-2	-2	-1
Dividend Paid ⓘ	-18	-30	-38	-49	-99	-149	-2	-86	-85	-85
Others ⓘ	14	-42	142	7	-4	9	18	20	22	12
Net Cash Flow ⓘ	-6	66	-29	-34	51	-42	31	18	-32	-21

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Ratios
ROE (%)	52.42	46.36	42.86	55.97	27.41	29.6	25.11	13.41	15.65	17.66
ROCE (%)	65.27	64	62.96	83.79	38.42	37.35	32.39	17.92	21.58	24.12
Asset Turnover Ratio	3.78	3.67	3.09	2.62	2.22	2.36	2.34	2.51	2.3	2.2
PAT to CFO Conversion(x)	0.76	0.77	1.23	0.6	0.6	0.46	0.96	-0.87	1.45	0.67
Working Capital Days
Receivable Days	8	6	4	4	5	6	6	5	7	8
Inventory Days	43	46	45	47	47	41	41	47	54	48
Payable Days	29	29	35	41	31	22	26	23	26	25

Avanti Feeds Ltd Stock News

Avanti Feeds Ltd FAQs

What is the share price of Avanti Feeds?

Company share prices are keep on changing according to the market conditions. The closing price of Avanti Feeds on 21-Nov-2024 16:59 is ₹595.2.

What is the market cap of Avanti Feeds?

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 21-Nov-2024 16:59 the market cap of Avanti Feeds stood at ₹8,417.3.

What is the P/E ratio of Avanti Feeds?

The latest P/E ratio of Avanti Feeds as of 21-Nov-2024 16:59 is 22.78.

What is the P/B ratio of Avanti Feeds?

The latest P/B ratio of Avanti Feeds as of 21-Nov-2024 16:59 is 3.98.

What is the 52-week high and low of Avanti Feeds?

The 52-week high of Avanti Feeds is ₹791.1 and the 52-week low is ₹389.0.

What is the TTM revenue of Avanti Feeds?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Avanti Feeds is ₹4,282 ( Cr.) .

About Avanti Feeds Ltd

Avanti has started its commercial operations in 1993 under the able leadership of Late Sri Alluri Venkateswara Rao in technical collaboration with Pingtai Enterpries, Taiwan. Later his son Sri Alluri Indra Kumar expanded the capacity and enhanced technical and marketing capabilities by bringing on board Thai Union Frozen Products PCL., Thailand, the world's largest seafood manufacturers and also having Feed Mill and Prawn Hatchery in Thailand. Today, Thai Union is closely associated with Avanti Feeds with equity participation, technical collaboration and marketing tie-up in India.

Business area of the company

Avanti Feeds is the leading manufacturer of Prawn and Fish Feeds and Shrimp Processor and Exporter from India. Avanti Feeds Limited has established joint venture with Thai Union Frozen Products PCL., the world’s largest seafood processors and leading manufacturer of prawn and fish feeds in Thailand with integrated facilities from Hatchery to Shrimp & Fish processing and Exports.

Prawn and Fish Feed Manufacturing Units

Avanti has Four Prawn and a Fish Feed Manufacturing Units, certified ISO 9001:2008, in Kovvur, Vemuluru and Bandapuram in West Godavari District, Andhra Pradesh and Pardi in Valsad District, Gujarat, in India. Avanti produces nutritionally well balanced and high quality feed, consistently, catering to the Indian prawn and fish farmers, at their door step.

Shrimp Processing and Exports Unit

The Shrimp Processing and Exports Unit, certified ISO 22000: 2005 is located in Gopalapuram near Ravulapalem, East Godavari District Andhra Pradesh, India and confirms to HACCP, USFDA, EU & BRC Global standards. It is also an ACC Certified for best aquaculture practices.

Products

Prawn Feed

Profeed
Titan
Manamei
Champ

Scampi Feed

Classic
Scampro

Fish Feed

Mermaid

Awards and recognitions

2015-16: Forbes magazine select the company as one of the top companies in Asia Pacific region and awarded ‘Best under a Billion” Company for the Year 2015.
2015-16: Fortune India recognized the company as one of the most valuable medium-sized companies in India in the next 500 ranks.
2017-2018: Forbes India Leadership Award 2017 received by Sri Alluri Indra Kumar
2018-2019: Business Today, Best CEO Award (Small Companies) - February 2019
2018-2019: Dun & Bradstreet - Corporate Award 2019 for Best Growth Performance - Food Products held on 29th May 2019

History and milestones

1994: Shrimp Feed Manufacturing Unit-I (20,000 TPA capacity) at Kovvur marks its first stride.
1999: The Gopalapuram Block Freezing Shrimp Processing and Export Unit (3,000 TPA) takes off.
2002: Shrimp Feed Unit-II (22,000 TPA capacity) goes on stream at Vemuluru.
2002: Individually Quick-Frozen (IQF) Shrimp Processing Unit comes up at Gopalapuram.
2003: The company sign a Technical Collaboration Agreement with Thai Union Feed Mill (P) Ltd, to upgrade and develop feed for L. Vannamei species.
2004: Capacities of Unit-I and Unit-II (Kovvur) are enhanced to 60,000 TPA each.
2006: Four windmills (3.2 MW capacity) are commissioned in Chitradurga (Karnataka).
2009: The company introduced costeffective P. Vannamei shrimp culture, making Indian aquaculture globally competitive.
2012: To meet the rising demand in Western India, the company’s third shrimp feed plant (60,000 TPA capacity) comes up at Pardi.
2012: Shrimp processing capacity of its Gopalapuram IQF Unit is augmented to 7,000 TPA.
2014: Shrimp feed manufacturing Unit-III (70,000 TPA capacity) comes up at Kovvur.
2016: The company’s shrimp processing and exports business was divested to AFFPL (subsidiary) to secure global recognition.
2017: Commissioned Unit-IV shrimp feed manufacturing plant at Bandapuram with a capacity of 1,75,000 MT per annum.
2018: Doubled the feed manufacturing capacity at Unit-IV Bandapuram with a capacity of 1,75,000 MT per annum.
2018: AFFPL commissions state-of-the-art shrimp processing and export plant (15000 TPA capacity) at Yerravaram.