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Avanti Feeds

AVANTIFEED NSE
₹706.55 +28.85 (+4.26%)
P/E
18.13
View as Markdown
MCP
Close 4 Nov 2026 ₹706.55 −9.05 −1.26% 1Y
Start ₹715.60

Key Fundamentals

MicrocapFood ProductsFMCG

Price-based figures as of · EPS basis: Consolidated · TTM

ROCE
24.40%
Debt to Equity
0.00
EPS (TTM)
₹38.97
Book Value
₹241.19
Market Cap
—
P/E (TTM)
18.13
P/B
2.93
ROE
18.30%
Dividend Yield
1.48%
EBITDA
₹959 Cr
52W High
₹1,593.80
52W Low
₹655.30
Day Range
₹674.00 – ₹715.00
Volume
2,20,102

Tapetide Score

Data-driven rating, 0–100, as of . How it works →

Overall score

56 Good

Data confidence 100/100

Category scores

Quality
74
Strong
Returns, margins, earnings quality 22% weight
Valuation
53
Average
Cheap vs sector & own history 24% weight
Growth
54
Average
Sales & profit trajectory 9% weight
Financial Health
88
Strong
Solvency, leverage, coverage 9% weight
Momentum
7
Poor
Trend strength, vol-adjusted 12% weight
Ownership
54
Average
FII/DII/promoter flows 24% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

Key Insights

Strengths

2
  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 23.8%

Weaknesses

1
  • The company has delivered a poor sales growth of 8.15% over past five years.

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallBearish856
OscillatorsNeutral252
Moving AveragesStrong Bearish604

Key readings

RSI (14)
49.03
Neutral
MACD (12,26,9)
−19.99
Bullish
SMA (50)
748.89
Bearish
SMA (200)
1,024.30
Bearish

As of

Analyst Rating

Based on 2 analysts
TIED50%

1 of 2 analysts rate Buy, 0 Hold, 1 Sell.

As of

BUY
1
50%
HOLD
0
0%
SELL
1
50%

Growth Rate

From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.

Revenue

Revenue growth by window
10Y+12.10%
5Y+8.14%
3Y+6.04%
1Y+8.34%
TTM+11.42%

Net profit

Net profit growth by window
10Y+15.32%
5Y+10.60%
3Y+28.18%
1Y+17.95%
TTM−2.98%

Operating cash flow

Operating cash flow growth by window
10Y+15.26%
5Y+5.69%
3Y+3.84%
1Y−13.53%
TTM—

TTM: Reported once a year, so there is no trailing-twelve-month figure.

Operating margin· change in pp

Operating margin growth by window
10Y+0.42 pp
5Y+1.12 pp
3Y+4.60 pp
1Y+1.04 pp
TTM−1.97 pp

Revenue by year

Revenue by year, ₹ crore
Mar 2017₹2,616 Cr
Mar 2018₹3,393 Cr
Mar 2019₹3,488 Cr
Mar 2020₹4,115 Cr
Mar 2021₹4,101 Cr
Mar 2022₹5,036 Cr
Mar 2023₹5,087 Cr
Mar 2024₹5,369 Cr
Mar 2025₹5,599 Cr
Mar 2026₹6,066 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2017₹226 Cr
Mar 2018₹466 Cr
Mar 2019₹307 Cr
Mar 2020₹386 Cr
Mar 2021₹397 Cr
Mar 2022₹245 Cr
Mar 2023₹312 Cr
Mar 2024₹394 Cr
Mar 2025₹557 Cr
Mar 2026₹657 Cr

Analyst Forecasts

Forecast For
Sep 26 consensus · EBITDA
₹101 Cr −41.2% vs Jun 26
Reported High Mean Low

AI Analysis — Bull vs Bear

Generated 5 Aug 2026
AI opinion · based on fundamentals
Risk medium

Avanti Feeds is a near-debt-free shrimp feed leader with ~45-50% domestic market share, trading at a PE of 18.5x on a market cap of ₹12,278 crore. Consolidated net profit grew 41% YoY in FY25 to ₹557 crore, though top-line growth has been modest at an 8% five-year sales CAGR. The stock has re-rated sharply with a 35% one-year return, reflecting margin expansion and profit recovery.

Bull Case 8
  • Dominant market position with ~45-50% share in India's shrimp feed market, providing pricing power and scale advantages
  • Virtually debt-free balance sheet reduces financial risk and interest burden, supporting reinvestment capacity
  • Consolidated net profit surged 41% YoY in FY25 to ₹557 crore (from ₹394 crore in FY24), indicating strong earnings recovery
  • EBITDA margins expanded meaningfully — Q3 FY25 EBITDA margin improved 417 bps YoY to 14.6%, reflecting lower raw material costs and operating leverage
  • Consistent ROE averaging 18% over 3 years and 20% over 10 years signals efficient capital allocation
  • Indian shrimp feed market projected to grow at 15% CAGR from USD 2.3 billion (2025) to USD 8.5 billion by 2034, providing a structural tailwind
  • Compounded profit growth of 28% over 3 years outpaces revenue growth, demonstrating margin improvement and cost discipline
  • Healthy dividend payout of 23.8% with a 1.12% yield provides income while retaining capital for growth
Bear Case 7
  • Top-line growth has been sluggish at just 8% five-year sales CAGR and 6% three-year sales CAGR, reflecting volume stagnation in shrimp farming
  • Shrimp feed volumes grew at only 3.8% CAGR from 2018 to 2024, indicating limited organic volume expansion in the core segment
  • Heavy revenue concentration in shrimp ecosystem (~80% feed, ~20% processing) makes the company vulnerable to aquaculture-specific risks like disease outbreaks or weak export demand
  • Export dependence is high with 83% of processing revenue from North America — US trade policy changes or tariffs could materially impact realizations
  • PE of 18.5x on a modest 8% TTM revenue growth implies the stock is pricing in continued margin expansion that may not sustain — Q4 FY26 EBITDA margin already fell to 13.6% from 16.4% in Q4 FY25
  • Indian shrimp exports declined from 734,375 MT (FY22) to 719,357 MT (FY23), showing the industry faces periodic demand headwinds and price corrections
  • Stock has already re-rated 35% in one year and 31% CAGR over three years — much of the earnings recovery may already be priced in

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

91d ago

TL;DR: Avanti Feeds delivered strong FY26 financials with healthy revenue and profitability, supported by a Rs. 10 per share dividend recommendation. No visible headwinds emerged in recent news flow. The company is also progressing on ESG disclosures and corporate governance with its upcoming AGM. The trend appears stable to positive, though investors should watch for shrimp feed demand outlook and input cost commentary at the AGM.

Positives 1
  • Strong FY26 revenue and profit Jul 23

    Avanti Feeds reports FY26 consolidated revenue of Rs. 6,06,585.82 lakhs and net profit of Rs. 65,680.22 lakhs, recommending Rs. 10 dividend per share.

Neutral 2
  • FY26 sustainability report filed Jul 22

    Avanti Feeds filed its Business Responsibility and Sustainability Report for FY 2025-26, detailing renewable energy usage, waste management, and employee welfare initiatives.

  • 33rd AGM scheduled Aug 14 Jul 20

    Avanti Feeds scheduled its 33rd AGM for August 14, 2026 via video conferencing. Board-recommended dividend for FY 2025-26 is subject to shareholder approval.

Quarterly Results

₹ Cr
AVANTIFEED quarterly results, ₹ crore
Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
1,554
1,278
1,253
1,284
1,506
1,355
1,366
1,382
1,606
1,609
1,384
1,468
1,900
Expenses
1,416
1,185
1,157
1,154
1,346
1,219
1,205
1,205
1,392
1,416
1,208
1,303
1,794
Operating Profit
138
94
97
130
160
136
160
177
214
193
176
165
106
OPM %
9%
7%
8%
10%
11%
10%
12%
13%
13%
12%
13%
11%
6%
Other Income
33
34
34
36
35
42
39
50
51
50
63
35
66
Interest
0
0
0
1
1
1
1
1
1
0
1
1
0
Depreciation
13
14
14
14
14
15
15
15
16
16
16
15
14
PBT
157
113
116
151
180
162
184
211
249
227
222
183
157
Tax %
27%
27%
28%
25%
23%
25%
23%
26%
25%
26%
26%
24%
26%
Net Profit
115
83
83
113
138
121
141
157
186
169
163
139
116
EPS (₹)
7.81
5.45
5.32
7.64
9.41
8.34
9.92
11.14
13.09
11.25
10.96
9.18
7.58

Profit & Loss

₹ Cr
AVANTIFEED profit and loss, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
1,709
1,935
2,616
3,393
3,488
4,115
4,101
5,036
5,087
5,369
5,599
6,066
6,360
Expenses
1,526
1,704
2,284
2,708
3,078
3,659
3,639
4,722
4,692
4,909
4,965
5,316
5,720
Operating Profit
182
231
332
684
410
456
461
314
395
460
634
750
640
OPM %
11%
12%
13%
20%
12%
11%
11%
6%
8%
9%
11%
12%
10%
Other Income
9
20
23
49
59
71
93
54
79
136
166
199
214
Interest
3
3
5
5
5
4
3
4
4
3
4
5
3
Depreciation
9
10
14
24
36
38
41
41
43
56
58
63
61
PBT
180
238
337
704
428
485
510
324
427
537
737
880
789
Tax %
35%
33%
33%
34%
28%
20%
22%
24%
27%
27%
24%
25%
—
Net Profit
116
158
226
466
307
386
397
245
312
394
557
657
587
EPS (₹)
8.52
11.56
15.83
32.78
20.08
25.43
26.43
16.26
20.45
26.21
38.81
44.48
38.97
Div. Payout %
22%
20%
19%
12%
20%
20%
24%
38%
31%
26%
23%
22%
—

Balance Sheet

₹ Cr
AVANTIFEED balance sheet, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
9
9
9
9
14
14
14
14
14
14
14
14
Reserves
256
414
626
1,022
1,192
1,390
1,748
1,882
2,082
2,352
2,787
3,272
Borrowings
58
11
19
7
9
2
4
4
3
17
15
13
Other Liabilities
154
189
414
488
400
475
517
617
636
716
867
961
Total Liabilities
478
623
1,069
1,526
1,615
1,880
2,282
2,516
2,735
3,098
3,683
4,260
Fixed Assets
90
104
160
312
293
271
292
273
398
497
564
592
CWIP
0
42
94
2
9
26
6
40
34
9
30
21
Investments
111
33
360
584
630
680
1,235
931
1,005
746
873
1,262
Other Assets
277
444
454
628
683
903
749
1,272
1,298
1,847
2,216
2,386
Total Assets
478
623
1,069
1,526
1,615
1,880
2,282
2,516
2,735
3,098
3,683
4,260

Cash Flow

₹ Cr
AVANTIFEED cash flow, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
89
122
278
281
184
178
383
−212
451
260
584
505
Investing
−84
18
−408
−269
−27
−79
−366
299
−418
−218
−485
−385
Financing
−12
−74
101
−45
−106
−141
15
−68
−65
−63
−86
−104
Net Cash Flow
−6
66
−30
−34
51
−42
31
18
−32
−21
14
16
Free Cash Flow
73
56
187
201
160
144
340
−267
292
129
437
427
CFO/EBITDA
82
84
116
76
80
62
110
−44
137
87
118
99

Ratios

AVANTIFEED financial ratios, annual
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
7
7
3
5
5
8
6
8
9
10
9
9
Inventory Days
59
68
63
79
51
61
63
85
71
75
75
79
Days Payable
24
34
44
43
24
24
27
26
25
27
21
20
Cash Conversion Cycle
42
41
22
41
32
44
42
67
55
57
64
67
Working Capital Days
15
28
15
29
25
36
34
57
45
48
39
38
ROCE %
65%
62%
57%
74%
33%
32%
26%
15%
18%
20%
24%
24%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view Avanti Feeds insights

64 extracted metrics across FY11–FY27.

Shareholding Pattern

As of Sep 2026

  • Promoters 43.23%
  • Others 26.87%
  • Public 12.51%
  • DIIs 8.31%
  • FIIs 6.36%
  • Government 2.72%

No promoter shares pledged as of Sep 2026

Change vs previous quarter

Not shown for some quarters: Others. Not available separately for this quarter: the shareholding filing gives Public and Others as one figure, shown under Public, so Others is left blank rather than estimated.

Documents

Frequently Asked Questions about Avanti Feeds

What does Avanti Feeds Ltd do?
Avanti Feeds Ltd. manufactures and sells shrimp feed, and exports processed shrimp.
Where is Avanti Feeds Ltd (AVANTIFEED) listed?
Avanti Feeds Ltd trades as AVANTIFEED on the NSE and under code 512573 on the BSE.
Which sector does Avanti Feeds Ltd belong to?
Avanti Feeds Ltd is classified under the Food Products sector, in the Animal Feed industry.
What is the PE ratio of Avanti Feeds Ltd?
Avanti Feeds Ltd trades at a PE ratio of 18.13 as of 4 Nov 2026, on earnings per share of ₹38.97, against a book value of ₹241.19 per share.
What is the 52-week high and low of Avanti Feeds Ltd?
Over the last 52 weeks Avanti Feeds Ltd has traded between ₹655.3 and ₹1,593.8 as of 4 Nov 2026.
Does Avanti Feeds Ltd pay dividends?
Avanti Feeds Ltd has a dividend yield of 1.48%.
What is the Return on Equity (ROE) of Avanti Feeds Ltd?
Avanti Feeds Ltd reported a return on equity of 18.30%. Its debt-to-equity ratio is 0.00.

Company Information

Avanti Feeds Ltd. manufactures and sells shrimp feed, and exports processed shrimp.

Website avantifeeds.com
CEO Dr. Alluri Indra Kumar
Employees 1,294
Listed 15 Apr 2015
Face Value ₹1

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