Stock Analysis
Avanti Feeds (NSE:AVANTIFEED) Full Year 2024 Results
Key Financial Results
- Revenue: ₹55.1b (up 8.2% from FY 2023).
- Net income: ₹3.57b (up 28% from FY 2023).
- Profit margin: 6.5% (up from 5.5% in FY 2023). The increase in margin was driven by higher revenue.
- EPS: ₹26.21 (up from ₹20.45 in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Avanti Feeds Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 1.6%. Earnings per share (EPS) also surpassed analyst estimates by 4.8%.
Looking ahead, revenue is forecast to grow 7.7% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Food industry in India.
Performance of the Indian Food industry.
The company's shares are up 1.3% from a week ago.
Risk Analysis
Don't forget that there may still be risks. For instance, we've identified 1 warning sign for Avanti Feeds that you should be aware of.
Valuation is complex, but we're helping make it simple.
Find out whether Avanti Feeds is potentially over or undervalued by checking out our comprehensive analysis, which includes fair value estimates, risks and warnings, dividends, insider transactions and financial health.
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About NSEI:AVANTIFEED
Avanti Feeds
Manufactures and sells shrimp feeds in India, Europe, the United States of America, Japan, Korea, China, Russia, Canada, and the Middle East.
Flawless balance sheet with proven track record and pays a dividend.