Stock AVANTIFEED AVANTI FEEDS LIMITED
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Financials Avanti Feeds Limited

Equities

AVANTIFEED

INE871C01038

Fishing & Farming

Market Closed - Bombay S.E.
Other stock markets
 06:00:48 2024-04-30 am EDT 		5-day change 1st Jan Change
530.8 INR +0.55% Intraday chart for Avanti Feeds Limited +1.21% +26.50%
Apr. 05 Avanti Feeds Unit Begins Trial Production at New Shrimp Processing Unit MT
Mar. 14 Mukka Proteins Bags INR152.5 Million Fish Oil Order from Avanti Feeds MT

Valuation

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 55,568 40,077 56,515 56,215 46,289 71,924 - -
Enterprise Value (EV) 1 55,568 40,077 44,768 47,367 46,289 57,059 54,694 51,576
P/E ratio 20.3 x 11.6 x 15.7 x 25.4 x 16.6 x 21.1 x 16.8 x 13.6 x
Yield 0.98% 1.73% 1.51% 1.51% 1.84% - 1.52% 2.08%
Capitalization / Revenue 1.59 x 0.97 x 1.38 x 1.12 x 0.91 x 1.36 x 1.19 x 1.08 x
EV / Revenue 1.59 x 0.97 x 1.09 x 0.94 x 0.91 x 1.08 x 0.91 x 0.77 x
EV / EBITDA 13.6 x 8.82 x 9.73 x 14.7 x 11.8 x 13.1 x 9.67 x 7.34 x
EV / FCF 35 x 44.5 x 14.6 x -17.7 x 15.9 x 24.6 x 20.1 x 14.8 x
FCF Yield 2.86% 2.25% 6.85% -5.64% 6.31% 4.07% 4.98% 6.75%
Price to Book 4.61 x 2.86 x 3.21 x 2.97 x 2.21 x 3.02 x 2.64 x 2.28 x
Nbr of stocks (in thousands) 136,246 136,246 136,246 136,246 136,246 136,246 - -
Reference price 2 407.8 294.2 414.8 412.6 339.8 527.9 527.9 527.9
Announcement Date 5/26/19 6/27/20 6/22/21 5/12/22 7/17/23 - - -
1INR in Million2INR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 34,878 41,153 41,006 50,360 50,870 52,866 60,371 66,782
EBITDA 1 4,072 4,543 4,601 3,220 3,930 4,347 5,653 7,031
EBIT 1 - 4,166 4,192 2,812 3,504 3,788 5,055 6,397
Operating Margin - 10.12% 10.22% 5.58% 6.89% 7.17% 8.37% 9.58%
Earnings before Tax (EBT) 1 4,281 4,849 5,097 3,239 4,268 5,074 6,320 7,811
Net income 1 2,736 3,465 3,601 2,216 2,787 3,405 4,288 5,298
Net margin 7.85% 8.42% 8.78% 4.4% 5.48% 6.44% 7.1% 7.93%
EPS 2 20.08 25.43 26.43 16.26 20.45 25.00 31.47 38.87
Free Cash Flow 1 1,588 901.3 3,067 -2,673 2,919 2,321 2,722 3,480
FCF margin 4.55% 2.19% 7.48% -5.31% 5.74% 4.39% 4.51% 5.21%
FCF Conversion (EBITDA) 38.98% 19.84% 66.65% - 74.27% 53.39% 48.15% 49.5%
FCF Conversion (Net income) 58.02% 26.01% 85.18% - 104.74% 68.17% 63.48% 65.69%
Dividend per Share 2 4.000 5.100 6.250 6.250 6.250 - 8.000 11.00
Announcement Date 5/26/19 6/27/20 6/22/21 5/12/22 7/17/23 - - -
1INR in Million2INR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: March 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2024 Q1 2024 Q2 2024 Q3 2024 Q4
Net sales 1 9,154 10,981 14,088 12,260 - 13,322 15,693 13,221 11,026 - 13,451 10,922 11,510
EBITDA 1 1,205 854.4 948.1 426.8 - 1,169 1,040 749.4 805.9 - 1,131 790.5 979
EBIT - - - - - 1,072 - - - - - 706 763
Operating Margin - - - - - 8.04% - - - - - 6.46% 6.63%
Earnings before Tax (EBT) 1 - - 1,013 - - 1,208 1,009 903.2 964.8 - 1,243 903 1,189
Net income 1 749.8 696.9 729.1 - 401.9 843.5 662.6 566.2 624.5 1,064 825 591 752
Net margin 8.19% 6.35% 5.18% - - 6.33% 4.22% 4.28% 5.66% - 6.13% 5.41% 6.53%
EPS 2 5.500 5.120 5.350 - - 6.190 4.860 4.160 4.580 - 6.100 4.300 5.550
Dividend per Share - - - - - - - - - - - - -
Announcement Date 2/4/21 6/22/21 8/12/21 11/12/21 2/12/22 5/12/22 8/10/22 11/10/22 2/11/23 8/10/23 - - -
1INR in Million2INR
Estimates

Balance Sheet Analysis

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - - - - - -
Net Cash position 1 - - 11,746 8,848 - 14,865 17,230 20,348
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 1,588 901 3,067 -2,673 2,919 2,321 2,722 3,480
ROE (net income / shareholders' equity) 24.5% 26.6% 22.8% 12.1% 14% 14.9% 16.4% 16.6%
ROA (Net income/ Total Assets) - - - 9.24% - - - -
Assets 1 - - - 23,992 - - - -
Book Value Per Share 2 88.50 103.0 129.0 139.0 154.0 175.0 200.0 232.0
Cash Flow per Share - - - - - - - -
Capex 1 250 350 760 549 1,593 879 401 429
Capex / Sales 0.72% 0.85% 1.85% 1.09% 3.13% 1.66% 0.66% 0.64%
Announcement Date 5/26/19 6/27/20 6/22/21 5/12/22 7/17/23 - - -
1INR in Million2INR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for Avanti Feeds Limited

Trading Rating
Investor Rating
ESG Refinitiv
C-
More Ratings

Analysts' Consensus

Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
3
Last Close Price
527.9 INR
Average target price
519.7 INR
Spread / Average Target
-1.56%
Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

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