AVANTIFEED - Avanti Feeds ltd. Share Price

Food Products

₹890.40+1.40(+0.16%)

Market Closed as of Apr 29, 2025, 15:30 IST

What does Avanti Feeds ltd. do?

Animal Feed•Fast Moving Consumer Goods•Small Cap

Avanti Feeds Limited manufactures and sells shrimp feeds in India, Europe, the United States of America, Japan, Korea, China, Russia, Canada, and the Middle East. The company operates through Shrimp Feed, Shrimp Hatchery, and Power Generation segments. It provides shrimp feeds for aqua culture to grow shrimps, as well as offers hatchery which produces shrimp seeds to aqua farmers. Avanti Feeds Limited engages in generation and distribution of electricity. The company was incorporated in 1993 and is based in Hyderabad, India.

Industry Group:Food Products

Employees:1,308

Website:avantifeeds.com

The Good, Bad and Ugly

Growth

Profitability

Size

Dilution Rank

Balance Sheet

Momentum

Technicals

Smart Money

Insider Trading

Category	AVANTIFEED	Food
PE	23.73	35.67
PS	2.15	2.85
Growth	6.8 %	4.1 %

Share Holdings

Understand Avanti Feeds ownership landscape with insights into key distribution patterns, offering investors a clear view of stakeholder dynamics.

Holding Pattern

Major Shareholders

Share Holding Details

As of 2025-03-31

Shareholder Name	Holding %
SRINIVASA CYSTINE PRIVATE LIMITED	26.64%
THAI UNION GROUP PUBLIC COMPANY LIMITED	24.21%
INDRA KUMAR ALLURI	6.11%
ALLURI INDRA KUMAR HUF	6.01%
SANJEEV AGROVET PRIVATE LIMITED	3.11%
ANDHRA PRADESH INDUSTRIAL DEVELOPMENT CORPORATION	2.72%
BANDHAN STERLING VALUE FUND	2.57%
VENKATA SANJEEV ALLURI	0.52%
ALLURI NIKHILESH CHOWDARY	0.51%
NUTHAKKI RAM PRASAD HUF	0.17%
N NAGA RATNA	0.07%
RATNA MANIKYAMBA KATNENI	0.03%
KATNENI UMA MAHESWARA RAO	0.01%
JITENDRA PRASAD KATNENI	0.01%
KATNENI SARATH BABU	0.01%
ARUN KUMAR CHUKKAPALLI	0.01%
SUDHA VADLAMUDI	0.01%
KATNENI JAGAN MOHAN RAO	0%
VIJAYA KUMAR CHUKKAPALLI	0%

Overall Distribution

Distribution across major stakeholders

Ownership Distribution

Distribution across major institutional holders

Ticker	Name	Mkt Cap	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
APEX	Apex Frozen FoodsSeafood	653.38 Cr	782.75 Cr	-0.62%	-3.47%	421.04	0.83	-8.06%	-85.82%
WATERBASE	WaterbaseSeafood	292.22 Cr	282.34 Cr	+6.17%	-34.09%	-16.5	0.97	-17.20%	-153.30%

Valuation
Market Cap	12.13 kCr
Price/Earnings (Trailing)	23.67
Price/Sales (Trailing)	2.14
EV/EBITDA	16.44
Price/Free Cashflow	58.41
MarketCap/EBT	17.93

Fundamentals
Revenue (TTM)	5.66 kCr
Rev. Growth (Yr)	9.16%
Rev. Growth (Qtr)	0.58%
Earnings (TTM)	512.46 Cr
Earnings Growth (Yr)	69.02%
Earnings Growth (Qtr)	15.92%

Profitability
Operating Margin	11.95%
EBT Margin	11.95%
Return on Equity	17.86%
Return on Assets	14.88%
Free Cashflow Yield	1.71%

Summary of Latest Earnings Report from Avanti Feeds

Summary of Avanti Feeds's latest earnings call, featuring management's outlook on business performance, financial results, and analyst Q&A sessions that highlight key strategic initiatives and market challenges.

Earnings Outlook

Last updated: Feb 25

Management Outlook & Key Points:

1. Shrimp Feed & Aquaculture:

Production Growth: Expect 5%+ shrimp production growth in 2025, driven by favorable climatic conditions, stable farm-gate prices, and increased cultivation area. Feed sales volumes rose 15.7k MT YoY in Q3.
Raw Materials: Fishmeal (Rs.93/kg in Q3 vs. Rs.128 YoY) and soybean meal (Rs.46/kg vs. Rs.53 YoY) softened, boosting margins; wheat flour remains a concern (Rs.35/kg, up 13% QoQ).

2. Processing & Exports:

CVD Impact: U.S. CVD duty (5.77%) pressures margins. Mitigation via diversification into Japan, Korea, EU, and Middle East markets.
Value-Added Focus: Higher-margin products (ready-to-eat, breaded shrimp) prioritized to offset costs. Exports target ~15k MT in FY25 (13.4k MT in FY24).

3. Growth Initiatives:

Pet Food: Launched cat food (brand: Avant Furst) in 5 cities; dog food by July 2025. Plant in Hyderabad (30 acres) to start production by Dec 2026.
Fish Feed: Trials underway with Thai Union; domestic production planned post-market validation.

4. Financials:

Consolidated: Q3 revenue Rs.1,405 Cr (+9% YoY), PBT Rs.184 Cr (+59% YoY).
Margins: Feed division PBT up 118% YoY (raw material tailwinds); processing margins pressured by freight costs and CVD.

Outlook: Stable demand in global shrimp markets (5% growth anticipated), focus on cost optimization, and scaling new verticals (pet care, fish feed) to drive long-term growth.

Q&A Session

Last updated: Feb 25

What is the timeline for the pet food plant in Hyderabad?
The pet food plant is expected to commence production by December 2026, pending approvals, machinery procurement, and collaboration with Bluefalo Thailand. Land acquisition (30 acres) and planning are underway.
What is Avanti's total processing capacity, and how is it utilized?
Current processing capacity utilization is ~60"“65% annually, scaling to 80% in 4"“5 quarters. Seasonality impacts output, with raw material handling at ~28,000"“30,000 MT annually for value-added products.
What are current raw material price trends (fish meal, soyabean meal, wheat flour)?
Fish meal: ~Rs.93"“97/kg (softened due to global supply). Soyabean: stable at Rs.46/kg. Wheat flour: Rs.35"“36/kg (may ease post-March harvest). Prices depend on global supply, MSP policies, and seasonal factors.
What is the market size and margin outlook for the pet food business?
India's pet food market is ~Rs.5,000 crore, growing at 20% CAGR. Margins are currently low due to marketing spend but expected to improve with scale. Products are initially available in 5 cities, expanding nationally.
What percentage of shrimp feed sales are exports, and what are growth targets?
Exports account for 1"“2% of feed sales. The target is 10% in 3"“5 years via Middle East and Asian markets. Focus on partnerships and product competitiveness.
How is Ecuador's shrimp production impacting global markets?
Ecuador specializes in commodity shrimp (headless/head-on), while India focuses on value-added products. Ecuador's production is stable, limiting direct competition. India's growth lies in value-added exports.
When will the fish feed plant begin operations?
Trials for imported fish feed (from Thai Union) are ongoing. Production in India will start post-market validation. No fixed timeline; dependent on trial outcomes and farmer acceptance.
What is the outlook for shrimp feed volumes and processing margins?
Shrimp feed volumes may grow 5"“10% annually, driven by stable aquaculture activity. Processing margins face pressure from CVD duties (5.77%) and freight costs but aim to recover via value-added products (higher margins) and market diversification.
What are export contributions to revenue, and how is CVD duty managed?
Exports contribute ~20% of revenue (70% to the U.S.). Mitigation includes cost optimization, diversifying to EU/Asia, and prioritizing value-added products (e.g., ready-to-fry items) unaffected by CVD.
Has the PLI scheme benefited the company?
PLI incentives are annual and tied to incremental exports. FY24 claims are under review, with no material impact expected. Benefits are minor relative to overall operations.
What is the Capex plan for the pet food division?
Rs.36 crore spent on land; total Capex (plant, machinery) estimated at ~Rs.60 crore. Detailed plans (machinery, production scale) will be finalized in 3"“6 months.
How are rising freight costs affecting processing margins?
Freight costs are ~8"“9% of revenue. Red Sea disruptions and geopolitical issues keep rates elevated, but normalization could ease pressures. Focus on optimizing logistics and product mix.

Description	Share	Value
Shrimp Feed	76.4%	1 kCr
Processed Shrimp	23.6%	321 Cr
Total		1.4 kCr

Balance Sheet for Avanti Feeds

Standalone figures (in Rs. Crores) / View Consolidated Data

Description	(%) Q/Q	Sep-2024	Mar-2024	Sep-2023	Mar-2023	Sep-2022	Mar-2022
Cash and cash equivalents	553.9%	42	7.27	52	26	10	50
Current investments	120%	1,176	535	715	770	752	722
Loans, current	-168.8%	0.89	1.16	1.08	0.86	0.69	0.82
Total current financial assets	58%	1,846	1,169	1,383	1,064	963	804
Inventories	-56.8%	287	663	427	561	413	716
Current tax assets	-	-	18	-	0	26	16
Total current assets	14.7%	2,133	1,859	1,819	1,640	1,413	1,546
Property, plant and equipment	10.5%	285	258	266	235	141	146
Capital work-in-progress	28.9%	3.5	2.94	0.78	20	100	23
Non-current investments	7.9%	178	165	140	139	330	207
Loans, non-current	-26.9%	1.87	2.19	2.07	1.83	1.02	0.61
Total non-current financial assets	4.4%	190	182	148	147	338	214
Total non-current assets	7.9%	479	444	426	425	589	393
Total assets	13.4%	2,612	2,303	2,245	2,065	2,003	1,939
Total non-current financial liabilities	-7.3%	3.9	4.13	4.26	4.44	4.73	3.72
Provisions, non-current	-	0	0	1.64	0	0	0
Total non-current liabilities	31.8%	30	23	26	22	18	21
Total current financial liabilities	60.2%	440	275	374	245	340	261
Provisions, current	-25.5%	2.23	2.65	2.62	1.77	1.6	0.67
Current tax liabilities	-	9.31	0	-	-	-	0
Total current liabilities	58.5%	467	295	396	279	355	302
Total liabilities	56.8%	498	318	423	301	374	323
Equity share capital	0%	14	14	14	14	14	14
Total equity	6.5%	2,114	1,985	1,822	1,764	1,629	1,616
Total equity and liabilities	13.4%	2,612	2,303	2,245	2,065	2,003	1,939

Consolidated figures (in Rs. Crores) / View Standalone Data

Description	(%) Q/Q	Sep-2024	Mar-2024	Sep-2023	Mar-2023	Sep-2022	Mar-2022
Cash and cash equivalents	375%	58	13	73	35	32	65
Current investments	77.2%	1,252	707	878	967	848	814
Loans, current	-40%	1.33	1.55	1.28	1.6	0.81	0.96
Total current financial assets	34%	2,130	1,590	1,658	1,379	1,213	1,004
Inventories	-25.5%	660	885	741	805	691	988
Current tax assets	-104.5%	0	23	10	0	30	21
Total current assets	11.3%	2,812	2,527	2,433	2,211	1,957	2,048
Property, plant and equipment	13%	549	486	416	384	255	264
Capital work-in-progress	79.3%	15	8.81	35	34	129	40
Non-current investments	4.2%	26	25	26	25	218	95
Loans, non-current	-18.1%	2.4	2.71	2.48	1.9	1.08	0.68
Total non-current financial assets	0%	43	43	54	41	230	115
Total non-current assets	10.7%	632	571	541	524	668	468
Total assets	11.2%	3,444	3,098	2,974	2,735	2,625	2,516
Borrowings, non-current	0%	14	14	7.23	0	0	0
Total non-current financial liabilities	-5.3%	19	20	13	5.91	6.37	6.6
Provisions, non-current	-134.1%	0.86	1.41	0.83	1.17	0.49	0.84
Total non-current liabilities	0%	58	58	49	35	19	18
Borrowings, current	-	0	0	0	0	0	0
Total current financial liabilities	51.7%	494	326	413	284	392	310
Provisions, current	-25.9%	2.23	2.66	4.27	1.78	1.6	0.67
Current tax liabilities	-	1	0	0	0	-	0
Total current liabilities	47.6%	516	350	439	323	408	351
Total liabilities	40.4%	574	409	488	358	427	369
Equity share capital	0%	14	14	14	14	14	14
Non controlling interest	9.6%	355	324	296	281	269	252
Total equity	6.7%	2,870	2,689	2,486	2,377	2,198	2,147
Total equity and liabilities	11.2%	3,444	3,098	2,974	2,735	2,625	2,516

Income Statement for Avanti Feeds

Standalone figures (in Rs. Crores) / View Consolidated Data

AnnualQuarterly

Description	(%) Q/Q	Mar-2024	Mar-2023	Mar-2022	Mar-2021	Mar-2020	Mar-2019
Revenue From Operations	6.2%	4,290	4,041	4,048	3,243	3,163	2,738
Other Income	67.7%	105	63	60	64	61	45
Total Income	7.1%	4,396	4,104	4,108	3,307	3,223	2,783
Cost of Materials	5.2%	3,656	3,476	3,547	2,616	2,604	2,221
Purchases of stock-in-trade	-222%	0	1.82	0	0	0	0
Employee Expense	18.5%	155	131	100	104	93	83
Finance costs	-76.9%	0.54	0.74	1.15	0.49	1.21	1.25
Depreciation and Amortization	40.9%	32	23	21	21	21	20
Other expenses	-3%	192	198	154	156	143	115
Total Expenses	5.1%	3,989	3,797	3,844	2,903	2,847	2,453
Profit Before exceptional items and Tax	32.7%	407	307	264	404	376	330
Exceptional items before tax	-	0	0	0	0	0	5.18
Total profit before tax	32.7%	407	307	264	404	376	336
Current tax	34.7%	98	73	65	101	93	110
Deferred tax	16.7%	1.35	1.3	0.03	-1.7	-2.82	2.34
Total tax	34.2%	99	74	65	99	90	112
Total profit (loss) for period	32.3%	308	233	199	305	286	223
Other comp. income net of taxes	-69.3%	-1.15	-0.27	-1.29	-0.31	-0.84	-0.55
Total Comprehensive Income	31.9%	307	233	198	305	285	223
Earnings Per Share, Basic	34.3%	22.61	17.09	14.62	22.41	20.99	16.4
Earnings Per Share, Diluted	34.3%	22.61	17.09	14.62	22.41	20.99	16.4

Description	(%) Q/Q	Dec-2024	Sep-2024	Jun-2024	Mar-2024	Dec-2023	Sep-2023
Revenue From Operations	-3.2%	1,045	1,079	1,273	997	933	1,034
Other Income	-16.2%	32	38	26	26	25	30
Total Income	-3.7%	1,077	1,118	1,299	1,022	958	1,064
Cost of Materials	-7.9%	796	864	1,004	878	785	886
Purchases of stock-in-trade	-	0	0	0	0	0	0
Employee Expense	4.3%	49	47	47	41	36	36
Finance costs	6.7%	0.16	0.1	0.1	0.19	0.1	0.11
Depreciation and Amortization	1.4%	6.67	6.59	6.36	8.23	8.4	7.94
Other expenses	-4.3%	46	48	50	44	46	49
Total Expenses	-6.5%	910	973	1,145	904	882	978
Profit Before exceptional items and Tax	15.3%	167	145	153	119	76	86
Total profit before tax	15.3%	167	145	153	119	76	86
Current tax	15.6%	38	33	37	30	18	20
Deferred tax	-96.7%	1.13	4.98	2.09	-3.39	2.05	0.87
Total tax	2.7%	39	38	39	27	20	21
Total profit (loss) for period	20%	127	106	115	92	57	66
Other comp. income net of taxes	-33.7%	-0.15	0.14	-0.29	-0.5	-0.22	-0.3
Total Comprehensive Income	18.9%	127	107	114	91	57	66
Earnings Per Share, Basic	22.3%	9.33	7.81	8.42	6.72	4.17	4.84
Earnings Per Share, Diluted	22.3%	9.33	7.81	8.42	6.72	4.17	4.84

Consolidated figures (in Rs. Crores) / View Standalone Data

AnnualQuarterly

Description	(%) Q/Q	Mar-2024	Mar-2023	Mar-2022	Mar-2021	Mar-2020	Mar-2019
Revenue From Operations	5.5%	5,369	5,087	5,036	4,101	4,115	3,488
Other Income	48.4%	136	92	82	93	70	54
Total Income	6.3%	5,505	5,179	5,118	4,193	4,186	3,542
Cost of Materials	5.6%	4,345	4,116	4,248	3,264	3,299	2,740
Purchases of stock-in-trade	-222%	0	1.82	0	0	0	0
Employee Expense	19.9%	200	167	127	126	114	100
Finance costs	-69.6%	1.31	2.02	2.01	1.68	1.99	2.63
Depreciation and Amortization	31%	56	43	41	41	38	36
Other expenses	-3.2%	396	409	349	309	284	243
Total Expenses	4.9%	4,969	4,739	4,757	3,683	3,701	3,119
Profit Before exceptional items and Tax	22.1%	537	440	361	510	484	423
Exceptional items before tax	93%	0	-13.31	-27.5	0	0	5.19
Total profit before tax	25.8%	537	427	333	510	484	428
Current tax	37.2%	130	95	78	119	112	130
Deferred tax	-33.3%	13	19	0.96	-7.16	-13.2	-8.37
Total tax	24.6%	143	115	79	112	99	121
Total profit (loss) for period	26.4%	394	312	245	397	386	307
Other comp. income net of taxes	-75.4%	-1.21	-0.26	-1.28	-0.42	-1	-0.62
Total Comprehensive Income	26%	393	312	244	397	385	306
Earnings Per Share, Basic	29.6%	26.21	20.45	16.26	26.43	25.43	20.08
Earnings Per Share, Diluted	29.6%	26.21	20.45	16.26	26.43	25.43	20.08

Description	(%) Q/Q	Dec-2024	Sep-2024	Jun-2024	Mar-2024	Dec-2023	Sep-2023
Revenue From Operations	0.8%	1,366	1,355	1,506	1,284	1,253	1,278
Other Income	-7.3%	39	42	35	36	34	34
Total Income	0.6%	1,405	1,397	1,541	1,320	1,287	1,312
Cost of Materials	-3.3%	1,045	1,081	1,240	1,033	958	1,076
Purchases of stock-in-trade	20.2%	0.25	0.06	0	0	0	0
Employee Expense	5.1%	63	60	61	53	47	47
Finance costs	-11.6%	0.52	0.57	0.55	0.72	0.15	0.16
Depreciation and Amortization	0%	15	15	14	14	14	14
Other expenses	6.2%	121	114	114	93	102	104
Total Expenses	-1.1%	1,221	1,235	1,361	1,169	1,171	1,199
Profit Before exceptional items and Tax	13.7%	184	162	180	151	116	113
Exceptional items before tax	-	0	0	0	0	0	0
Total profit before tax	13.7%	184	162	180	151	116	113
Current tax	13.5%	43	38	43	37	30	28
Deferred tax	-181%	-0.32	2.63	-1.22	1.56	1.9	2.91
Total tax	5%	43	41	42	38	32	31
Total profit (loss) for period	16.7%	141	121	138	113	83	83
Other comp. income net of taxes	-33%	-0.17	0.12	-0.31	-0.56	-0.22	-0.3
Total Comprehensive Income	15.7%	141	122	137	112	83	82
Earnings Per Share, Basic	21.5%	9.92	8.34	9.41	7.64	5.32	5.45
Earnings Per Share, Diluted	21.5%	9.92	8.34	9.41	7.64	5.32	5.45

Cash Flow for Avanti Feeds

Standalone figures (in Rs. Crores) / View Consolidated Data

Description	(%) Q/Q	Mar-2024	Mar-2023	Mar-2022
Finance costs	-76.9%	0.54	0.74	1.15
Change in inventories	-167.7%	-102.57	154	-401.34
Depreciation	40.9%	32	23	21
Unrealised forex losses/gains	41.3%	-0.95	-2.32	-0.96
Dividend income	8.3%	4.9	4.6	8.32
Adjustments for interest income	140.9%	54	23	3
Net Cashflows from Operations	-21.6%	280	357	-107.64
Income taxes paid (refund)	51.5%	104	69	66
Net Cashflows From Operating Activities	-38.7%	177	288	-173.16
Cashflows used in obtaining control of subsidiaries	-135.2%	0	3.84	0
Proceeds from sales of PPE	17.5%	0.2	0.03	0.32
Purchase of property, plant and equipment	-66.7%	37	109	42
Proceeds from sales of investment property	-8.4%	775	846	306
Purchase of investment property	-33.9%	525	794	0
Dividends received	8.3%	4.9	4.6	3
Interest received	140.9%	54	23	8.32
Other inflows (outflows) of cash	-93.8%	-379.9	-195.56	0
Net Cashflows From Investing Activities	52.6%	-107.88	-228.62	275
Payments of lease liabilities	-	0.51	0	0
Dividends paid	0%	85	85	85
Interest paid	-	0.47	0	0
Other inflows (outflows) of cash	-108.8%	0.95	1.57	-0.05
Net Cashflows from Financing Activities	-1.4%	-85.43	-84.22	-85.75
Net change in cash and cash eq.	31.2%	-16.51	-24.45	16

Consolidated figures (in Rs. Crores) / View Standalone Data

Description	(%) Q/Q	Mar-2024	Mar-2023	Mar-2022
Finance costs	-69.6%	1.31	2.02	2.01
Change in inventories	-144.8%	-81.07	184	-434.18
Depreciation	31%	56	43	41
Impairment loss / reversal	-	0	0	-0.49
Unrealised forex losses/gains	41.2%	-12.91	-22.65	0
Dividend income	-	0.02	0	0.02
Adjustments for interest income	153.8%	67	27	8.76
Net Cashflows from Operations	-26.1%	400	541	-136.9
Income taxes paid (refund)	53.9%	138	90	75
Net Cashflows From Operating Activities	-41.8%	263	451	-212.35
Proceeds from sales of PPE	4.7%	0.39	0.36	12
Purchase of property, plant and equipment	-18.2%	131	160	66
Proceeds from sales of investment property	47%	-558.08	-1,054.02	341
Purchase of investment property	14%	-870.56	-1,012.53	0
Dividends received	-	0.02	0	0.02
Interest received	153.8%	67	27	8.74
Other inflows (outflows) of cash	-94.9%	-472.09	-241.78	4.43
Net Cashflows From Investing Activities	46.1%	-223.68	-415.77	299
Repayments of borrowings	-1564.7%	-13.94	2.02	0
Payments of lease liabilities	-	1.03	0	0
Dividends paid	0%	85	85	86
Interest paid	-	1.31	0	2.01
Other inflows (outflows) of cash	-45.5%	13	23	19
Net Cashflows from Financing Activities	7.6%	-60.39	-65.45	-68.28
Net change in cash and cash eq.	28.8%	-21.12	-30.05	18

Investor Care
Dividend Yield	1.97%
Dividend/Share (TTM)	13
Shares Dilution (1Y)	0.00%
Diluted EPS (TTM)	35.31

Financial Health
Current Ratio	5.45
Debt/Equity	0
Debt/Cashflow	18.86

AVANTIFEED - Avanti Feeds ltd. Share Price

What does Avanti Feeds ltd. do?

Sector Comparison: AVANTIFEED vs Food Products

Comparative Metrics

Performance Comparison

Share Holdings

Holding Pattern

Share Holding Details

Overall Distribution

Ownership Distribution

Is Avanti Feeds Better than it's peers?

Valuation

Fundamentals

Profitability

Summary of Latest Earnings Report from Avanti Feeds

Revenue Breakdown

Balance Sheet for Avanti Feeds

Income Statement for Avanti Feeds

Cash Flow for Avanti Feeds

Investor Care

Financial Health

Price to Sales Ratio

Revenue (Last 12 mths)

Net Income (Last 12 mths)