2021-07-09 Avanti Feeds Ltd. Geojit BNP Paribas

642.05 760.00 642.05
(-12.12%) 34.69 Buy

AVANTI FEEDS LTD

Revenue/PAT to grow at 18%/23% CAGR over FY21-23E. We value AFL at FY23E P/E of 19x considering healthy growth & RoE, and no debt. Revenue growth aided by healthy growth in feed volumes For Q4FY21, revenue grew by 6% YoY on account of 16%YoY growth in Feed segment while Exports de-grew by 23%YoY. Feed volumes improved by 14%YoY while export volumes declined by 19%YoY mainly due to disruption in marine logistics, weak demand, and recall of certain products sold in USA. As restaurants & malls are reopening, demand is picking up which is supporting prices also. Better farm-gate prices are encouraging farmers and AFLs increasing market share in Feed segment (48%50%) will support future volumes. The price hike taken in recent months will also...

2021-02-20 Avanti Feeds Ltd. Way2Wealth 482.75 482.75
(16.88%) Accumulate 2020-12-07 Avanti Feeds Ltd. Way2Wealth 530.30 530.30
(6.40%) Accumulate 2020-11-27 Avanti Feeds Ltd. Geojit BNP Paribas

521.60 610.00 521.60
(8.18%) Target met Buy

AVANTI FEEDS LTD

For Q2FY21, revenue grew by 6% YoY on account of gradual improvement in operations post lockdown. Feed volumes improved 2.5%YoY and Feed realisation grew by 5%YoY due to price hike in previous quarter. However, Processing volumes de-grew by 11%YoY while export realisation grew by 15%YoY due to better region mix. Industry shrimp production is expected to drop by ~15%-20% in FY21 due to Covid-19 led disruptions but to improve in FY22. Relaxation in restrictions and improvement in farm-gate prices is encouraging farmers which along with AFLs increasing market share in Feed segment will support future volumes. We expect...

2020-09-15 Avanti Feeds Ltd. Way2Wealth 546.70 546.70
(3.21%) Accumulate

Avanti Feeds Ltd. - Quick Update - 15 September 2020

1. The company recorded 12.6% YoY de-growth in consolidated sales on the back of 14.3% YoY and 4.4% YoY de-growth in shrimp feeds and shrimp processing business respectively in Q1FY21. Degrowth in shrimp feed was due to panic harvesting and non-availability of shrimp seed during Covid-19 led lockdown restriction. Avantis shrimp feed and shrimp processing sales volume degrew YoY but improved...

2020-09-11 Avanti Feeds Ltd. Geojit BNP Paribas

526.20 565.00 526.20
(7.23%) Target met Buy

AVANTI FEEDS LTD

Covid-19 impacts volumes but better than expected... Avanti Feeds Ltd (AFL), is a leading manufacturer of Shrimp Feeds with a capacity of 6,00,000 MT, and Shrimp Processor & Exporter with a capacity of...

2020-08-18 Avanti Feeds Ltd. Way2Wealth 492.85 492.85
(14.49%) Accumulate

Light House - A Quick Perspective - Avanti Feeds Ltd. - 18 August 2020

Incorporated in 1993, Avanti Feeds Ltd (AFL) is a leading manufacturer of Shrimp Feeds and Shrimp Processor & Exporter. The company has a strong technical and marketing tie-up with the Thai Union Group Public Company Ltd (equity participation of ~25%), the worlds largest seafood processors and leading manufacturer of prawn and fish feeds in Thailand. Company has 5 shrimp feed manufacturing units in India (4 in Andhra Pradesh & 1 in Gujarat), with feed manufacturing capacity of 6,00,000MT and shrimp processing capacity of 22,000MT and is now setting up a shrimp hatchery with a capacity of 400 million seeds in...

2020-07-20 Avanti Feeds Ltd. Geojit BNP Paribas

 

451.45 550.00 451.45
(24.99%) Target met Buy

AVANTI FEEDS LTD

Strong growth in the quarter, Covid-19 to impact FY21E Avanti Feeds Ltd (AFL), is a leading manufacturer of Shrimp Feeds with a capacity of 6,00,000 MT, and Shrimp Processor & Exporter with a capacity of 22,000 MT. AFL has a tie-up with Thai Union Group, Thailand. We revise down our Target to Rs550 from Rs.700 earlier factoring...

2020-02-13 Avanti Feeds Ltd. Geojit BNP Paribas

 

609.10 700.00 609.10
(-7.36%) Accumulate

AVANTI FEEDS LTD

Cost surges...margins will normalise led by price hike Avanti Feeds Ltd (AFL), is a leading manufacturer of Shrimp Feeds with a capacity of 6,00,000 MT, and Shrimp Processor & Exporter with a capacity of 22,000 MT. AFL has a tie-up with Thai Union Group, Thailand. We revise our Target Price to Rs700 (from Rs520 earlier) with Accumulate rating Revenue grew by 10.5%YoY in Q3FY20 aided by growth in volumes EBITDA margin fell sharply by 620bps YoY to 6.9% mainly due to...

2019-11-01 Avanti Feeds Ltd. Geojit BNP Paribas

451.00 520.00 451.00
(25.11%) Target met Buy

AVANTI FEEDS LTD

Avanti Feeds Ltd (AFL), is a leading manufacturer of Shrimp Feeds with a capacity of 6,00,000 MT, and Shrimp Processor & Exporter with a capacity of 22,000 MT. AFL has a tie-up with Thai Union Group, Thailand. Revenue grew by 41%YoY in Q2FY20 mainly supported by strong...

2019-10-23 Avanti Feeds Ltd. Edelweiss

430.05 546.00 430.05
(31.21%) Target met Buy

Avanti Feeds Ltd - Result Update Q2FY20

Avanti Feeds Ltd (AVANTI) has reported sales at INR 1,064cr up 41.1% YoYon account of ~51% growth in Avantis shrimp feed business and ~15% sales growth in shrimps processing business.

2019-07-29 Avanti Feeds Ltd. Geojit BNP Paribas 318.80 427.00 318.80
(76.99%) Target met Buy

AVANTI FEEDS LTD

Avanti Feeds Ltd (AFL), is a leading manufacturer of Shrimp Feeds with a capacity of 6,00,000 MT, and Shrimp Processor & Exporter with a capacity of 22,000 MT. AFL has a tie-up with Thai Union Group, Thailand. Revenue grew by 5%YoY in Q1FY20 mainly supported by strong...

2019-07-25 Avanti Feeds Ltd. Edelweiss 309.10 480.00 309.10
(82.55%) Target met Buy

Avanti Feeds Ltd - Result Update Q1FY20

Avanti Feeds Ltd has reported at INR 1,093cr up 5.1% YoY on account of 48% growth in Avantis shrimp processing business and flat sales in shrimps feed business.

2019-06-19 Avanti Feeds Ltd. Geojit BNP Paribas 363.00 427.00 363.00
(55.44%) Target met Buy

AVANTI FEEDS LTD

Avanti Feeds Ltd (AFL), is a leading manufacturer of Shrimp Feeds with a capacity of 6,00,000 MT, and Shrimp Processor & Exporter with a capacity of 22,000 MT. AFL has a tie-up with Thai Union Group, Thailand. Q4FY19 revenue grew mere 2.8%YoY mainly due to drop in shrimp feed volumes (-2%YoY) and feed realization (-7%YoY). However, shrimp processing revenue growth was strong at 79% YoY. Processing capacity utilization improved to 52% (29%YoY). Shrimp prices which had witnessed a declining trend since Q3FY18...

2019-06-03 Avanti Feeds Ltd. Edelweiss 359.15 480.00 359.15
(57.11%) Buy 2019-01-31 Avanti Feeds Ltd. Geojit BNP Paribas 355.65 427.00 355.65
(58.65%) Target met Buy

AVANTI FEEDS LTD

The strong association with Thai Union group in terms of technical expertise & marketing tie-up is benefiting AFL to gain market share. Strong track record of growing above industry growth in last 5Yrs....

2018-06-26 Avanti Feeds Ltd. Edelweiss 599.00 867.00 599.00
(-5.80%) Pre-Bonus/
Split Buy 2018-06-11 Avanti Feeds Ltd. Edelweiss

1896.00 2600.00 1896.00
(-70.24%) Pre-Bonus/
Split Buy 2018-04-24 Avanti Feeds Ltd. Edelweiss 2398.10 3306.00 2398.10
(-76.47%) Pre-Bonus/
Split Buy 2018-02-12 Avanti Feeds Ltd. Religare

2490.00 2980.00 2490.00
(-77.34%) Pre-Bonus/
Split Buy

Tell us about you

Find us at the office

Eastmond- Sukel street no. 62, 79540 Hanga Roa, Easter Island

Give us a ring

Jaquelinee Wrate
+74 201 709 645
Mon - Fri, 9:00-15:00

Reach out