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AVAN

Avanti FeedsNSEI:AVANTIFEED Stock Report

Market Cap

₹72.9b

7D

-0.9%

1Y

-0.2%

Updated

03 Dec, 2021

Data

Company Financials +
AVANTIFEED fundamental analysis
Snowflake Score
Valuation3/6
Future Growth5/6
Past Performance1/6
Financial Health6/6
Dividends4/6

AVANTIFEED Stock Overview

Avanti Feeds Limited manufactures, processes, exports, and supplies shrimp feeds in India, the United States, and internationally.

Avanti Feeds Competitors

Apex Frozen Foods

BSE:540692

₹9.5b

Waterbase

BSE:523660

₹4.3b

Zeal Aqua

BSE:539963

₹969.4m

Price History & Performance

Summary of all time highs, changes and price drops for Avanti Feeds
Historical stock prices
Current Share Price₹535.35
52 Week High₹674.85
52 Week Low₹410.00
Beta1.25
1 Month Change-3.14%
3 Month Change-4.50%
1 Year Change-0.23%
3 Year Change50.23%
5 Year Change230.46%
Change since IPO30,202.84%

Recent News & Updates

Nov 18
An Intrinsic Calculation For Avanti Feeds Limited (NSE:AVANTIFEED) Suggests It's 38% Undervalued

An Intrinsic Calculation For Avanti Feeds Limited (NSE:AVANTIFEED) Suggests It's 38% Undervalued

In this article we are going to estimate the intrinsic value of Avanti Feeds Limited ( NSE:AVANTIFEED ) by estimating...

Aug 07
We Think Some Shareholders May Hesitate To Increase Avanti Feeds Limited's (NSE:AVANTIFEED) CEO Compensation

We Think Some Shareholders May Hesitate To Increase Avanti Feeds Limited's (NSE:AVANTIFEED) CEO Compensation

The share price of Avanti Feeds Limited ( NSE:AVANTIFEED ) has increased significantly over the past few years...

Shareholder Returns

AVANTIFEEDIN FoodIN Market
7D-0.9%-0.8%-1.2%
1Y-0.2%19.8%42.0%

Return vs Industry: AVANTIFEED underperformed the Indian Food industry which returned 19.8% over the past year.

Return vs Market: AVANTIFEED underperformed the Indian Market which returned 42% over the past year.

Price Volatility

Is AVANTIFEED's price volatile compared to industry and market?
AVANTIFEED volatility
AVANTIFEED Average Weekly Movement2.8%
Food Industry Average Movement5.7%
Market Average Movement6.2%
10% most volatile stocks in IN Market9.2%
10% least volatile stocks in IN Market3.9%

Stable Share Price: AVANTIFEED is less volatile than 75% of Indian stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: AVANTIFEED's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19931,092C. Raohttps://www.avantifeeds.com

Avanti Feeds Limited manufactures, processes, exports, and supplies shrimp feeds in India, the United States, and internationally. The company provides shrimp feeds for aqua culture to grow shrimps; and technical support services for the farmers. It also offers prawn, scampi, and fish feeds; and frozen shrimps.

Avanti Feeds Fundamentals Summary

How do Avanti Feeds's earnings and revenue compare to its market cap?
AVANTIFEED fundamental statistics
Market Cap₹72.95b
Earnings (TTM)₹2.42b
Revenue (TTM)₹46.48b

30.2x

P/E Ratio

1.6x

P/S Ratio

Is AVANTIFEED overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
AVANTIFEED income statement (TTM)
Revenue₹46.48b
Cost of Revenue₹38.70b
Gross Profit₹7.78b
Expenses₹5.37b
Earnings₹2.42b

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)17.74
Gross Margin16.75%
Net Profit Margin5.20%
Debt/Equity Ratio0%

How did AVANTIFEED perform over the long term?

See historical performance and comparison

Dividends

1.2%

Current Dividend Yield

35%

Payout Ratio

Valuation

Is Avanti Feeds undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: AVANTIFEED (₹535.35) is trading below our estimate of fair value (₹1402.17)

Significantly Below Fair Value: AVANTIFEED is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: AVANTIFEED is poor value based on its PE Ratio (30.2x) compared to the Indian Food industry average (17.1x).

PE vs Market: AVANTIFEED is poor value based on its PE Ratio (30.2x) compared to the Indian market (18.9x).


Price to Earnings Growth Ratio

PEG Ratio: AVANTIFEED is poor value based on its PEG Ratio (1x)


Price to Book Ratio

PB vs Industry: AVANTIFEED is overvalued based on its PB Ratio (4.1x) compared to the IN Food industry average (1.6x).


Future Growth

How is Avanti Feeds forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

29.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: AVANTIFEED's forecast earnings growth (29.9% per year) is above the savings rate (6.7%).

Earnings vs Market: AVANTIFEED's earnings (29.9% per year) are forecast to grow faster than the Indian market (20.2% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: AVANTIFEED's revenue (14.3% per year) is forecast to grow faster than the Indian market (12.7% per year).

High Growth Revenue: AVANTIFEED's revenue (14.3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: AVANTIFEED's Return on Equity is forecast to be high in 3 years time (20.7%)


Past Performance

How has Avanti Feeds performed over the past 5 years?

4.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: AVANTIFEED has a high level of non-cash earnings.

Growing Profit Margin: AVANTIFEED's current net profit margins (5.2%) are lower than last year (8.7%).


Past Earnings Growth Analysis

Earnings Trend: AVANTIFEED's earnings have grown by 4.6% per year over the past 5 years.

Accelerating Growth: AVANTIFEED's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: AVANTIFEED had negative earnings growth (-31%) over the past year, making it difficult to compare to the Food industry average (15.7%).


Return on Equity

High ROE: AVANTIFEED's Return on Equity (13.2%) is considered low.


Financial Health

How is Avanti Feeds's financial position?


Financial Position Analysis

Short Term Liabilities: AVANTIFEED's short term assets (₹19.7B) exceed its short term liabilities (₹4.2B).

Long Term Liabilities: AVANTIFEED's short term assets (₹19.7B) exceed its long term liabilities (₹185.8M).


Debt to Equity History and Analysis

Debt Level: AVANTIFEED is debt free.

Reducing Debt: AVANTIFEED has no debt compared to 5 years ago when its debt to equity ratio was 4.2%.

Debt Coverage: AVANTIFEED has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: AVANTIFEED has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Dividend

What is Avanti Feeds's current dividend yield, its reliability and sustainability?

1.17%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: AVANTIFEED's dividend (1.17%) is higher than the bottom 25% of dividend payers in the Indian market (0.36%).

High Dividend: AVANTIFEED's dividend (1.17%) is low compared to the top 25% of dividend payers in the Indian market (1.5%).


Stability and Growth of Payments

Stable Dividend: AVANTIFEED's dividend payments have been volatile in the past 10 years.

Growing Dividend: AVANTIFEED's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (35.2%), AVANTIFEED's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: AVANTIFEED's dividends in 3 years are forecast to be well covered by earnings (17.6% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

13.3yrs

Average management tenure


CEO

C. Rao (59 yo)

13.33yrs

Tenure

₹137,701,000

Compensation

Mr. C. Ramachandra Rao serves as the Chief Financial Officer at Laxai Avanti Life Sciences Pvt, Ltd. Mr. Rao serves as the Chief Financial Officer of Laxai Avanti Life Sciences Pvt Ltd and Director of Lax...


CEO Compensation Analysis

Compensation vs Market: C.'s total compensation ($USD1.84M) is above average for companies of similar size in the Indian market ($USD367.45K).

Compensation vs Earnings: C.'s compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: AVANTIFEED's management team is seasoned and experienced (13.3 years average tenure).


Board Members

Experienced Board: AVANTIFEED's board of directors are considered experienced (6.8 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 employee growth, exchange listings and data sources


Key Information

  • Name: Avanti Feeds Limited
  • Ticker: AVANTIFEED
  • Exchange: NSEI
  • Founded: 1993
  • Industry: Packaged Foods and Meats
  • Sector: Food, Beverage & Tobacco
  • Market Cap: ₹72.946b
  • Shares outstanding: 136.25m
  • Website: https://www.avantifeeds.com

Number of Employees


Location

  • Avanti Feeds Limited
  • G-2, Concorde Apartments
  • 6-3-658, Somajiguda
  • Hyderabad
  • 500082
  • India

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/12/03 16:00
End of Day Share Price2021/12/03 00:00
Earnings2021/09/30
Annual Earnings2021/03/31


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.