Avanti Feeds Ltd - Stock Valuation and Financial Performance

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

Avanti Feeds Share Price

520.75 0.85 0.16%
as on 12-Apr'24 16:59

DeciZen - make an informed investing decision on Avanti Feeds

Overall Rating
Bole Toh

1. Quality

2. Valuation

Fair

3. Price Trend

Semi Strong

Avanti Feeds stock performance -

mw4me loader
P/E Ratio (CD):
20.48
Market Cap:
7,095 Cr.
52-wk low:
353.5
52-wk high:
598.6

Is Avanti Feeds Ltd an attractive stock to invest in?

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 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.

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'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 34.3%41.1%40.5%36%46.4%22.1%23.3%19%10.2%11.7%-
Value Creation
Index
1.51.91.91.62.40.60.70.4-0.3-0.1-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 1,1321,7812,0182,6163,3933,4884,1154,1015,0365,0875,178
Sales YoY Gr.-57.4%13.4%29.6%29.7%2.8%18%-0.4%22.8%1%-
Adj EPS 5.18.311.115.432.320.225.124.915.319.325.4
YoY Gr.-63.4%33.4%39.3%109.5%-37.6%24.4%-0.8%-38.7%26.4%-
BVPS (₹) 13.219.530.946.675.788.5103129.3139.1153.8166.9
Adj Net
Profit
69.2113151210440275342339208263346
Cash Flow from Ops. 55.689.3122278281184178383-212451-
Debt/CF from Ops. 10.70.10.100.10000-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 18.2%8.4%7.3%1%
Adj EPS 16%-9.8%-8.4%26.4%
BVPS31.4%15.2%14.3%10.6%
Share Price 28.1% 5.5% 3.9% 43.8%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
45.450.843.839.752.824.626.221.411.413.215.9
Op. Profit
Mgn %
9.910.211.512.720.211.911.111.36.47.88.9
Net Profit
Mgn %
6.16.47.68.413.68.89.39.24.65.86.7
Debt to
Equity
0.30.200000000-
Working Cap
Days
7961585455585352576788
Cash Conv.
Cycle
3627281816252724313874

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 15.90%

Sales growth has been subdued in last 3 years 7.32%

Net Profit has been subdued in last 3 years -8.39%

Sales growth is not so good in last 4 quarters at -2.15%

Latest Financials - Avanti Feeds Ltd.

Standalone Consolidated
TTM EPS (₹) 22 25.4
TTM Sales (₹ Cr.) 4,149 5,178
BVPS (₹.) 137.9 166.9
Reserves (₹ Cr.) 1,865 2,261
P/BV 3.78 3.12
PE 23.69 20.48
From the Market
52 Week Low / High (₹) 353.45 / 598.60
All Time Low / High (₹) 0.20 / 1000.00
Market Cap (₹ Cr.) 7,095
Equity (₹ Cr.) 13.6
Face Value (₹) 1
Industry PE 66.2

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

Login/Register to view analysis.

Analyst's Notes

Key Ratios of Avanti Feeds

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales1,1321,7812,0182,6163,3933,4884,1154,1015,0365,087
Operating Expenses 1,0201,5981,7872,2842,7123,0793,6693,6394,7124,692
Manufacturing Costs7110210890125146162171195234
Material Costs8501,3361,4922,0712,4102,7373,2643,2054,2384,118
Employee Cost 35485873111100114126126167
Other Costs 64112128496796129136153172
Operating Profit 111182231332681409446462324395
Operating Profit Margin (%) 9.8%10.2%11.5%12.7%20.1%11.7%10.8%11.3%6.4%7.8%
Other Income 481724525480938292
Interest 4335554344
Depreciation 691014243638414143
Exceptional Items 0140-1500-28-13
Profit Before Tax 105180238337705428485510324427
Tax 3563791102381219911279115
Profit After Tax 70117159226466307386397245312
PAT Margin (%) 6.2%6.5%7.9%8.7%13.7%8.8%9.4%9.7%4.9%6.1%
Adjusted EPS (₹)5.28.511.615.832.820.125.426.416.320.5
Dividend Payout Ratio (%)19%22%20%19%12%20%20%24%38%31%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 1802654236351,0311,2061,4041,7611,8952,095
Share Capital 999991414141414
Reserves 1702564146261,0221,1921,3901,7481,8822,082
Minority Interest00098118151191228252281
Debt5355913580000
Long Term Debt114212210000
Short Term Debt425171470000
Trade Payables12191143250287180218239305281
Others Liabilities 110664872847067516277
Total Liabilities 4634786231,0691,5261,6151,8802,2802,5152,735

Fixed Assets

Gross Block116137161174349365377439458620
Accumulated Depreciation384757143772106147185223
Net Fixed Assets7890104160312293271292273398
CWIP 504294292664034
Investments 40111333605846306801,2359311,005
Inventories199222286356525379544553988803
Trade Receivables4534352350498967114122
Cash Equivalents 1367345141871996175286
Others Assets84155130386872669587
Total Assets 4634786231,0691,5261,6151,8802,2802,5152,735

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 5689122278281184178383-212451
PBT 105180237337705428485510324427
Adjustment 63-3-4-193-23-36-25-38
Changes in Working Capital -21-34-3952-167-101-17834-436152
Tax Paid -35-60-73-107-238-146-106-126-75-90
Cash Flow From Investing Activity -39-8418-408-269-27-79-366299-416
Capex -35-16-66-91-79-24-34-43-55-159
Net Investments -5-6980-324-202-23-25-499341-41
Others 12481221-2017513-215
Cash Flow From Financing Activity -13-12-74101-45-106-14115-68-65
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0-600000000
Interest Paid -3-1-2-3-3-3-2-2-2-2
Dividend Paid -7-18-30-38-49-99-149-2-86-85
Others -214-421427-49182022
Net Cash Flow 4-666-29-3451-423118-30
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)45.7852.4246.3642.8655.9727.4129.625.1113.4115.65
ROCE (%)51.9465.276462.9683.7938.4237.3532.3917.9221.58
Asset Turnover Ratio3.133.783.673.092.622.222.362.342.512.3
PAT to CFO Conversion(x)0.80.760.771.230.60.60.460.96-0.871.45
Working Capital Days
Receivable Days14864456657
Inventory Days48434645474741414754
Payable Days30292935413122262326

Avanti Feeds Ltd Stock News

Avanti Feeds Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Avanti Feeds on 12-Apr-2024 16:59 is ₹520.8.
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 12-Apr-2024 16:59 the market cap of Avanti Feeds stood at ₹7,095.
The latest P/E ratio of Avanti Feeds as of 12-Apr-2024 16:59 is 23.69.
The latest P/B ratio of Avanti Feeds as of 12-Apr-2024 16:59 is 3.78.
The 52-week high of Avanti Feeds is ₹598.6 and the 52-week low is ₹353.4.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Avanti Feeds is ₹4,149 ( 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.
Read More Read Less
You have 2 views remaining as a Guest User. To get DeciZen Rating of 3,500+ Stocks based on their Quality, Valuation and Price Trend Login Now
© 2024 The Alchemists Ark Pvt. Ltd. All rights reserved. MoneyWorks4Me ® is a registered trademark of The Alchemists Ark Pvt.Ltd.