Avanti Feeds
Market Cap
₹40.4b
Last Updated
2020/03/29 12:39 UTC
Data Sources
Company Financials +
Executive Summary
Avanti Feeds Limited manufactures, processes, exports, and supplies shrimp feeds in India, the United States, and internationally.
Rewards
Risk Analysis
Snowflake Analysis
Flawless balance sheet and fair value.
Similar Companies
Share Price & News
How has Avanti Feeds's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 512573's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
4.0%
512573
3.6%
IN Food
-2.9%
IN Market
1 Year Return
-27.3%
512573
-3.2%
IN Food
-29.3%
IN Market
Return vs Industry: 512573 underperformed the Indian Food industry which returned -3.2% over the past year.
Return vs Market: 512573 exceeded the Indian Market which returned -29.3% over the past year.
Shareholder returns
| 512573 | Industry | Market | |
|---|---|---|---|
| 7 Day | 4.0% | 3.6% | -2.9% |
| 30 Day | -36.0% | -16.3% | -26.5% |
| 90 Day | -47.9% | -11.5% | -28.5% |
| 1 Year | -25.5%-27.3% | -1.8%-3.2% | -27.9%-29.3% |
| 3 Year | 25.4%20.1% | 45.1%40.6% | -15.4%-20.0% |
| 5 Year | 206.9%186.8% | 87.9%78.8% | -3.3%-8.3% |
Price Volatility Vs. Market
How volatile is Avanti Feeds's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 year ago | Simply Wall St
Did Avanti Feeds Limited (BOM:512573) Create Value For Shareholders?Valuation
Is Avanti Feeds undervalued compared to its fair value and its price relative to the market?
43.6%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: 512573 (₹296.65) is trading below our estimate of fair value (₹525.65)
Significantly Below Fair Value: 512573 is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: 512573 is poor value based on its PE Ratio (12.3x) compared to the Food industry average (10.3x).
PE vs Market: 512573 is poor value based on its PE Ratio (12.3x) compared to the Indian market (9.2x).
Price to Earnings Growth Ratio
PEG Ratio: 512573 is good value based on its PEG Ratio (0.7x)
Price to Book Ratio
PB vs Industry: 512573 is overvalued based on its PB Ratio (3x) compared to the IN Food industry average (0.7x).
Next Steps
Future Growth
How is Avanti Feeds forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
17.0%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 512573's forecast earnings growth (17% per year) is above the savings rate (6.5%).
Earnings vs Market: 512573's earnings (17% per year) are forecast to grow slower than the Indian market (19.6% per year).
High Growth Earnings: 512573's earnings are forecast to grow, but not significantly.
Revenue vs Market: 512573's revenue (12.5% per year) is forecast to grow faster than the Indian market (9% per year).
High Growth Revenue: 512573's revenue (12.5% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 512573's Return on Equity is forecast to be high in 3 years time (23.9%)
Next Steps
Past Performance
How has Avanti Feeds performed over the past 5 years?
19.2%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 512573 has high quality earnings.
Growing Profit Margin: 512573's current net profit margins (8.3%) are lower than last year (8.3%).
Past Earnings Growth Analysis
Earnings Trend: 512573's earnings have grown by 19.2% per year over the past 5 years.
Accelerating Growth: 512573's earnings growth over the past year (13.5%) is below its 5-year average (19.2% per year).
Earnings vs Industry: 512573 earnings growth over the past year (13.5%) underperformed the Food industry 20.6%.
Return on Equity
High ROE: 512573's Return on Equity (23.9%) is considered high.
Next Steps
Financial Health
How is Avanti Feeds's financial position?
Financial Position Analysis
Short Term Liabilities: 512573's short term assets (₹14.7B) exceed its short term liabilities (₹3.3B).
Long Term Liabilities: 512573's short term assets (₹14.7B) exceed its long term liabilities (₹321.0M).
Debt to Equity History and Analysis
Debt Level: 512573's debt to equity ratio (0.03%) is considered satisfactory.
Reducing Debt: 512573's debt to equity ratio has reduced from 23.7% to 0.03% over the past 5 years.
Debt Coverage: 512573's debt is well covered by operating cash flow (47818.3%).
Interest Coverage: 512573 earns more interest than it pays, so coverage of interest payments is not a concern.
Balance Sheet
Inventory Level: 512573 has a high level of physical assets or inventory.
Debt Coverage by Assets: 512573's debt is covered by short term assets (assets are 2774.2x debt).
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Dividend
What is Avanti Feeds's current dividend yield, its reliability and sustainability?
1.69%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 512573's dividend (1.69%) is higher than the bottom 25% of dividend payers in the Indian market (0.95%).
High Dividend: 512573's dividend (1.69%) is low compared to the top 25% of dividend payers in the Indian market (4.18%).
Stability and Growth of Payments
Stable Dividend: 512573 has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: 512573's dividend payments have increased, but the company has only paid a dividend for 9 years.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (16.6%), 512573's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: 512573's dividends in 3 years are forecast to be thoroughly covered by earnings (12.1% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
11.6yrs
Average management tenure
CEO
Alluri Kumar (57yo)
18.17s
Tenure
₹167,831,000
Compensation
Sri. Alluri Indra Kumar has been Managing Director at Avanti Feeds Ltd. since July 1, 2007 and as its Chairman of the Board since February 7, 2014. Sri. Kumar served as an Executive Director of Srinivasa C ...
CEO Compensation Analysis
Compensation vs Market: Alluri's total compensation ($USD2.23M) is above average for companies of similar size in the Indian market ($USD348.93K).
Compensation vs Earnings: Alluri's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & MD | 18.17yrs | ₹167.83m | 12.13% ₹4.9b | |
| Joint MD | no data | ₹120.89m | 0.0022% ₹889.2k | |
| Deputy General Manager of Finance & Accounts | no data | no data | no data | |
| Executive Director | 0.75yr | no data | no data |
11.6yrs
Average Tenure
57yo
Average Age
Experienced Management: 512573's management team is seasoned and experienced (11.6 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & MD | 18.17yrs | ₹167.83m | 12.13% ₹4.9b | |
| Joint MD | no data | ₹120.89m | 0.0022% ₹889.2k | |
| Executive Director | 0.75yr | no data | no data | |
| Non Executive Director | 10.17yrs | ₹135.00k | no data | |
| Non Executive Independent Director | 17.5yrs | ₹370.00k | no data | |
| Non Executive Independent Director | no data | ₹370.00k | 0.0022% ₹889.2k | |
| Non Executive Non-Independent Director | 26.92yrs | ₹175.00k | 0.17% ₹68.1m | |
| Non Executive Independent Director | 14.92yrs | ₹260.00k | 0.00032% ₹129.3k | |
| Non Executive Independent Director | 21.5yrs | ₹300.00k | no data | |
| Non Executive Director | 7.67yrs | ₹135.00k | no data |
12.5yrs
Average Tenure
60.5yo
Average Age
Experienced Board: 512573's board of directors are seasoned and experienced ( 12.5 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Avanti Feeds Limited's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Avanti Feeds Limited
- Ticker: 512573
- Exchange: BSE
- Founded: 1993
- Industry: Packaged Foods and Meats
- Sector: Food, Beverage & Tobacco
- Market Cap: ₹40.417b
- Shares outstanding: 136.25m
- Website: https://www.avantifeeds.com
Location
- Avanti Feeds Limited
- G-2, Concorde Apartments
- 6-3-658, Somajiguda
- Hyderabad
- Andhra Pradesh
- 500082
- India
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| 512573 | BSE (Mumbai Stock Exchange) | Yes | Equity Shares | IN | INR | Dec 2001 |
| AVANTIFEED | NSEI (National Stock Exchange of India) | Yes | Equity Shares | IN | INR | Dec 2001 |
Biography
Avanti Feeds Limited manufactures, processes, exports, and supplies shrimp feeds in India, the United States, and internationally. The company provides shrimp feeds for use in aqua culture to grow shrimps; and technical support services for the farmers. It also offers prawn, scampi, and fish feeds. In addition, the company engages in the generation and sale of electricity from four wind mills with a capacity of 3.2 MW in Chitradurga, Karnataka. It markets its products through a dealer network. The company was founded in 1993 and is based in Hyderabad, India.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/03/29 12:39 |
| End of Day Share Price | 2020/03/27 00:00 |
| Earnings | 2019/12/31 |
| Annual Earnings | 2019/03/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.