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Avanti Feeds Ltd (AVANTIFEED)

₹600.51.35%

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Overview
Fundamentals
Q3 '23 Results
Technicals
News and Events

Performance

  • Day's High

    ₹600.5
    ₹600.75
  • 52 Week's Low

    52 Week's High

    ₹383.2
    ₹647.15
1 Month Return+ 15.42 %
3 Month Return+ 21.59 %
1 Year Return+ 57.41 %
Previous Close₹608.70
Open₹600.50
Volume5.41L
Upper Circuit-
Lower Circuit-
Market Cap₹8,293.27Cr

Analyst Rating

based on 3 analysts

BUY
66.67%
Buy
0.00%
Hold
33.33%
Sell

Based on 3 analysts offering long term price targets for Avanti Feeds Ltd. An average target of ₹519.67

Source: S&P Global Market Intelligence

Company Information

Leading aquaculture manufacturer, Avanti Feeds Ltd. (AFL) commenced commercial operations in 1993, and has since shifted into a leading shrimp feed manufacturer. To strengthen its capabilities, they have a strong technical and marketing tieup with the THAI UNION Group of Thailand. AFL has two subsidiaries operating in India, one for exporting shrimps and the other for imports. Their 3.2 MW Wind Mill Project in Chitradurg Karnataka State and other investments have generated more than 1000 crore rupees in revenue. It has achieved a production capacity of 20000 MT and and a manufacturing capacity of 10000 MT in 1998-99.

Furthermore, the company has acquired 25.88 % stake in Patikari Power Private Limited Himachal Pradesh and 49.99% stake in Srivathsa Power Projects Pvt. Ltd. in 2014-15.It reportedly crossed 1000 crores turnover mark and closed the year with turnover of Rs. 1131.61 crores.

The company has entered into a technical and marketing collaboration agreement with M/s Thai Union Feed Mill Co. Limited of Thailand and set up a new 50000 MT per annum Shrimp Manufacturing Facility at the existing plant in Kovvur (West Godavari Dist., Andhra Pradesh). They reported 341660 MT sales of shrimp feed during 2016-17, recording an increase of 35 in volume and Shrimp Processing & Export Division registered an export of 5155 MT in 2017-18, representing an increase of 18%.

AFFPL issued 4006667 shares to Thai Union Group PCL TUG of Thailand and the new Feed Plant at Bandapuram West Godavari District (Andhra Pradesh), commenced production from August 2016. It also subdivided one equity share of Rs.10/ each into five equity shares of Rs.2/ each. AFFPL completed the implementation of a 15000 MTA capacity Shrimp Processing Plant at Yerravaram (East Godavari District) with a Capital Expenditure of Rs. 12159.38 Lakhs and started operations from 31 August 2017. The power generated from Four Windmills of the company located in Karnataka was sold to Karnataka Power Transmission Corporation Limited (KPTCL). The company expanded its Hatchery division with a capacity of 600 million in 2020-21.

Share Price: ₹600.50 per share as on 14 Jun, 2024 02:26 PM
Market Capitalisation: ₹8,293.27Cr as of today
Revenue: ₹1,283.51Cr as on March 2024 (Q1 24)
Net Profit: ₹112.60Cr as on March 2024 (Q1 24)
Listing date: 08 Jan, 2010
Chairperson Name: A Indra Kumar
OrganisationAvanti Feeds Ltd
HeadquartersHyderabad
IndustryFMCG
E-voting on sharesClick here to vote

Key events for Avanti Feeds Ltd

  • Avanti Feeds Ltd has a conservative balance sheet with net cash position of ₹14.3b - 10 Jun, 2024

    Avanti Feeds Limited's net cash position of ₹14.3b and more liquid assets than liabilities indicate a conservative balance sheet. The company grew its EBIT by 15% in the last twelve months, which further increases its ability to manage debt. However, concerns arise about its ability to pay off debt due to low free cash flow to EBIT ratio over the last three years.

  • Avanti Feeds Hits 52-Week High and Witnesses Volume Surge - 07 Jun, 2024

    Shares of Avanti Feeds surged nearly 30% in three days, hitting a 52-week high of Rs.647.15 with a market cap nearing Rs.9,000 crore. The stock is trading above all major moving averages and has an RSI reading of 74, indicating it's in overbought territory. Two out of the three analysts have a sell rating on the stock. Additionally, the company witnessed a significant increase in trading volume.

  • Avanti Feeds Witnesses Surge in Volume and Stock Price - 06 Jun, 2024

    Avanti Feeds Ltd experienced a significant increase in trading volume on both NSE and BSE, resulting in an 8.53% rise in stock price to Rs.567.75.

  • Avanti Feeds Q4 Results Show Increase in Revenue and Profit - 25 May, 2024

    Avanti Feeds reported a 17.43% increase in revenue and an 11.49% increase in profit YoY for Q4. The EPS increased by 7.14% YoY, while the company's market cap is ₹7283.69 Cr with a 52wk high/low of ₹598.5 & ₹373.1 respectively. One analyst has given a Sell rating & one analyst has given a Strong Buy rating.

  • Avanti Feeds FY2024 Results Exceed Analyst Estimates - 23 May, 2024

    Avanti Feeds reported a revenue of ₹55.1b, up 8.2% YoY, and net income of ₹3.57b, up 28% YoY, exceeding analyst estimates by 1.6%. The company's EPS also surpassed estimates by 4.8%, reaching ₹26.21. Looking ahead, Avanti Feeds is forecast to grow at an average rate of 7.7% p.a. for the next three years, compared to a 10% growth forecast for the food industry in India. The stock price has increased by 1.3% from a week ago.

  • Avanti Feeds Reports Strong YoY Growth in Net Sales and Profit - 22 May, 2024

    Avanti Feeds reported strong YoY growth in net sales and profit for the quarter ended March 2024. Consolidated net sales increased by 17.43% YoY to Rs 1,283.51 crore, while standalone net sales rose by 16.48% YoY to Rs 996.71 crore. Quarterly net profit also saw a significant increase.

  • Avantel Limited Reports High RoE and RoCE in FY24 - 20 May, 2024

    Avantel Limited, engaged in designing and developing wireless and satellite communication products and defence equipment, reported a high RoE and RoCE of up to 45% during FY24. However, the company's operating revenues decreased from Rs 59 crores during Q3FY24 to Rs 42 crores during Q4FY24, with after-tax profits reducing from Rs 17 crores to Rs 13 crores.

Insights on Avanti Feeds Ltd

Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.

  • imgPOSITIVE IMPACT

    Retail Holding Up

    img

    Retail Investor have increased holdings from 31.87% to 32.45% in Mar 2024 quarter

  • imgPOSITIVE IMPACT

    FII Holding Up

    img

    Foreign Institutions have increased holdings from 13.48% to 14.11% in Mar 2024 quarter

  • imgPOSITIVE IMPACT

    Revenue Rich

    img

    Revenue is up for the last 2 quarters, 1.28K Cr → 1.31K Cr (in ₹), with an average increase of 2.5% per quarter

  • imgPOSITIVE IMPACT

    Profit Spike

    img

    Netprofit is up for the last 2 quarters, 72.47 Cr → 104.07 Cr (in ₹), with an average increase of 30.4% per quarter

  • imgNO EFFECT

    Against Peers

    img

    In the last 3 years, Kaveri Seed Company Ltd has given 30.1% return, outperforming this stock by 24.5%

  • imgNO EFFECT

    Against Peers

    img

    In the last 1 year, Kaveri Seed Company Ltd has given 78.3% return, outperforming this stock by 20.9%

  • imgNEGATIVE IMPACT

    Promoter Holding Down

    img

    Promoters have decreased holdings from 43.28% to 43.25% in Mar 2024 quarter

  • imgNEGATIVE IMPACT

    MF Holding Down

    img

    Mutual Funds have decreased holdings from 8.35% to 6.87% in Mar 2024 quarter

  • imgNEGATIVE IMPACT

    Price Dip

    img

    In the last 7 days, AVANTIFEED stock has moved down by -1.1%

Avanti Feeds Ltd Valuation

Avanti Feeds Ltd in the last 5 years

  • Overview

  • Trends

Lowest (10.87x)

March 23, 2020

Today (23.22x)

June 13, 2024

Industry (71.24x)

June 13, 2024

Highest (41.29x)

January 14, 2022

LowHigh

Mutual Fund Holdings

Funds Holdings
Bandhan Sterling Value Fund Direct Plan GrowthBandhan Sterling Value Fund Direct Plan Growth1.49%
ICICI Prudential Value Discovery Fund Direct Plan GrowthICICI Prudential Value Discovery Fund Direct Plan Growth0.16%
UTI Small Cap Fund Direct GrowthUTI Small Cap Fund Direct Growth1.3%
Bandhan ELSS Tax saver Fund - Direct Plan - GrowthBandhan ELSS Tax saver Fund - Direct Plan - Growth0.7%
Bandhan Multi Cap Fund Direct GrowthBandhan Multi Cap Fund Direct Growth1.46%

Shareholding Pattern

InvestorsHoldings %Prev. 1 periods3M change
Promoter Holdings
43.25%
0.00
Foreign Institutions
14.11%
0.00
Mutual Funds
6.87%
0.00
Retail Investors
32.45%
0.00
Others
3.32%
0.00

Frequently Asked Questions

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Avanti Feeds Ltd (AVANTIFEED) share price today is ₹600.5

Avanti Feeds Ltd is listed on NSE

Avanti Feeds Ltd is listed on BSE

  • Today’s highest price of Avanti Feeds Ltd is ₹600.75.
  • Today’s lowest price of Avanti Feeds Ltd is ₹600.5.

PE Ratio of Avanti Feeds Ltd is 23.22

PE ratio = Avanti Feeds Ltd Market price per share / Avanti Feeds Ltd Earnings per share

Today’s traded volume of Avanti Feeds Ltd(AVANTIFEED) is 5.41L.

Today’s market capitalisation of Avanti Feeds Ltd(AVANTIFEED) is ₹8293.27Cr.

Avanti Feeds Ltd(AVANTIFEEDPrice
52 Week High
₹647.15
52 Week Low
₹383.2

Avanti Feeds Ltd(AVANTIFEED) share price is ₹600.5. It is down -7.21% from its 52 Week High price of ₹647.15

Avanti Feeds Ltd(AVANTIFEED) share price is ₹600.5. It is up 56.71% from its 52 Week Low price of ₹383.2

Avanti Feeds Ltd(AVANTIFEEDReturns
1 Day Returns
-8.2%
1 Month Returns
15.42%
3 Month Returns
21.59%
1 Year Returns
57.41%