Avanti Feeds Ltd Stock Analysis

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

BSE Share Price 23-Mar-2023 18:01
333.65 -0.45 (-0.13%)

DeciZen - Make an Informed Decision on Avanti Feeds

Overall Rating

1. Quality

2. Valuation

Fair

3. Price Trend

Avanti Feeds Price Chart

P/E Ratio ( CD) :
16.89
Market Cap :
4,545.8 Cr.
52-wk low :
332
52-wk high :
528
Bole Toh?

1. Is Avanti Feeds Ltd a good quality company?

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

2. Is Avanti Feeds Ltd 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.

3. Is Avanti Feeds Ltd a good buy now?

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

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

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

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Avanti Feeds Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good

Value Creation

Value Creation Index Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
ROCE % 20.2%34.3%41.1%40.5%36%46.4%22.1%23.3%19%10.2%-
Value Creation Index 0.51.51.91.91.62.40.60.70.4-0.3-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 6481,1321,7812,0182,6163,3933,4884,1154,1015,0365,326
YoY Gr. Rt. %-74.6%57.4%13.4%29.6%29.7%2.8%18%-0.4%22.8%-
Adj EPS 2.35.18.311.115.432.320.225.124.915.319.8
YoY Gr. Rt. %-125.8%63.4%33.4%39.3%109.5%-37.6%24.4%-0.8%-38.7%-
BVPS (₹) 9.213.219.530.946.675.788.5103129.3139.1146.8
Adj Net Profit 30.769.2113151210440275342339208270
Cash Flow from Ops. -20.655.689.3122278281184178383-212-
Debt/CF from Ops. -310.70.10.100.1000-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 25.6%14%13%22.8%
Adj EPS 23.7%-0.2%-8.9%-38.7%
BVPS 35.324.416.37.6
Share Price 47.9% -14.3% 7.4% -21.9%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
Return on Equity % 27.945.450.843.839.752.824.626.221.411.413.8
Op. Profit Mgn % 89.910.211.512.720.211.911.111.36.47.1
Net Profit Mgn % 4.86.16.47.68.513.58.89.39.24.85.1
Debt to Equity 0.50.30.20000000-
Working Cap Days 667961585455585352570
Cash Conv. Cycle 453627281816252724310

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 13.03%

Sales growth is good in last 4 quarters at 10.93%

Return on Equity has declined versus last 3 years average to 13.80%

Net Profit has been subdued in last 3 years -8.88%

Latest Financials - Avanti Feeds Ltd.

Standalone Consolidated
TTM EPS (₹) 16.5 19.8
TTM Sales (₹ Cr.) 4,224 5,326
BVPS (₹.) 123.4 146.8
Reserves (₹ Cr.) 1,667 1,987
P/BV 2.70 2.28
PE 20.19 16.89
From the Market
52 Week Low / High (₹) 332.00 / 527.95
All Time Low / High (₹) 0.20 / 1000.00
Market Cap (₹ Cr.) 4,546
Equity (₹ Cr.) 13.6
Face Value (₹) 1
Industry PE 54.8

Management X-Ray of Avanti Feeds :

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Avanti Feeds

Adj EPS (Rs.)
Sales (Cr.)
ROE (%)
ROCE (%)

News

Avanti Feeds Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Avanti Feeds on 23-Mar-2023 18:01 is : 333.6.
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 23-Mar-2023 18:01 the market cap of Avanti Feeds stood at ₹ 4,545.8.
The latest PE ratio of Avanti Feeds as of 23-Mar-2023 18:01 is 20.19.
The latest PB ratio of Avanti Feeds as of 23-Mar-2023 18:01 is 2.70
The 52-week high of Avanti Feeds is ₹ 528.0 and the 52-week low is ₹ 332.0.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue / sales of Avanti Feeds is ₹ 4,224 ( 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.
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