Avanti Feeds Limited (AVANTIFEED)

Loading page…

Avanti Feeds Limited (AVANTIFEED) · mywealthgrid

About

Avanti Feeds operates in animal feed within Consumer Staples, a ₹11,732 Cr market-cap business with quarterly revenues ranging ₹945–1,610 Cr. The company demonstrates strong capital efficiency (ROE 19.91%) and is notably debt-free (D/E 0), positioning it among significant players in India's animal feed sector.

Face value: ₹1

Market cap

₹9,691 Cr

P/E

18.2×

P/B

2.9×

Dividend yield

1.4%

ROE

19.9%

ROCE

25.7%

Debt / equity

OPM

12.3%

EPS (TTM)

₹39.0

Book value

₹241.3

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Operating margin volatility and downtrend: OPM compressed from 15.25% (Jun 2025) to 12.39% (Mar 2026) within quarterly range of 11.22%–15.25%; researcher should verify underlying cost or competitive pricing pressures.
EPS declined 36% over four quarters from ₹12.26 (Jun 2025) to ₹7.85 (Mar 2026); verify whether this reflects volume loss, margin squeeze, or sector-wide headwinds.
Input cost exposure: animal feed depends on volatile commodity inputs; ability to pass price increases to customers should be verified through customer contracts and pricing trends.
Livestock disease or regulatory changes could disrupt demand; monitor livestock sector health and feed-quality regulatory landscape.

Generated analysis · source review pending

Growth drivers

Debt-free balance sheet (D/E 0) and strong ROE (19.91%) enable capital deployment if market opportunities are identified—researcher should verify capex and expansion plans.
Quarterly net profit generation of ₹106–186 Cr provides reinvestment capacity; verify whether retained earnings are deployed for growth or entirely distributed as dividends.
Operating margin of 12.33% average expanded to 15.25% in past quarters, indicating margin recovery potential if input costs stabilize or pricing improves—track cost trends.
Quarterly revenue base of ₹945–1,610 Cr suggests diversified products or customers; verify which segments are growing and whether company can expand high-growth categories.

Generated analysis · source review pending

2,528 historical price candles were omitted because the exchange source has not been verified.

₹711.6-4.8%1Y

Quick read

rule-based

Pros

+Strong return on equity of 18.8% (3-yr avg)
+High return on capital employed of 23.8%
+Almost debt-free (debt/equity 0)
+Comfortable interest coverage of 324.7×
+Dividend payout of 25.6% of profit

Cons

−Modest revenue growth of 8.1% a year over the last 5 years

Research score

Structured signal from quality, growth, valuation and momentum.

63/100

Business quality: 71
Growth: 50
Valuation

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Part ofNIFTY SMALLCAP 100 NIFTY SMALLCAP 250 NIFTY MIDSMALLCAP 400 NIFTY 500 NIFTY TOTAL MARKET

Screen this industry

Loading peers…

Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Consolidated Standalone

Consolidated figures · ₹ crore

₹ Cr	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	2,018	3,393	3,393	3,488	4,115	4,101	5,036	5,087	5,369	5,612	6,066
COGS	1,543	2,410	2,410	2,737	3,264	3,205	4,238	4,118	4,315	4,264	4,335
Gross profit	475	983	983	751	851	896	798	969	1,053	1,348	1,731
	246	299	299	344	397	436	486	576	595	715	983
	230	684	684	407	454	460	313	393	458	633	748
OPM %	11.4%	20.2%	20.2%	11.7%	11%	11.2%	6.2%	7.7%	8.5%	11.3%	12.3%
Depreciation	10	24	24	36	38	41	41	43	56	59	63
Interest	2	3	3	3	2	2	2	2	1	2	3
	20	47	47	59	70	93	54	79	136	165	199
Profit before tax	—	705	705	428	485	510	324	427	537	737	881
Tax	79	238	238	121	99	112	79	115	143	180	225
Tax %	—	33.8%	33.8%	28.4%	20.3%	22%	24.3%	26.8%	26.7%	24.5%	25.5%
	158	466	466	307	386	397	245	312	394	557	657
PAT margin %	7.8%	13.8%	13.8%	8.8%	9.4%	9.7%	4.9%	6.1%	7.3%	9.9%	10.8%
EPS (₹)	34.7	98.3	98.3	20.1	25.4	26.4	16.3	20.5	26.2	38.8	44.5
EPS adjusted (₹)	—	32.8	—	—	—	26.4	16.3	20.5	26.2	38.8	44.5
	20.2%	9.2%	6.1%	19.9%	20.1%	23.6%	38.4%	30.6%	25.8%	23.2%	22.5%
Annual report	Annual report for Mar 2016	Annual report for Mar 2017	Annual report for Mar 2018	Annual report for Mar 2019	Annual report for Mar 2020	Annual report for Mar 2021	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025	Annual report for Mar 2026

₹ Cr	Mar 2017	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	9	14	14	14	14	14	14
Reserves	631	1,748	1,882	2,082	2,352	2,787	3,272
Minority interest	—	228	252	281	324	374	422
	13	0	0	0	14	13	10
	403	293	369	358	395	495	542
Total equity & liabilities	1,056	2,282	2,516	2,735	3,098	3,683	4,260
	0	292	273	398	497	564	584
CWIP	78	6	40	34	9	30	20
Investments	32	1,235	931	1,005	746	1,100	1,262
	946	749	1,272	1,298	1,847	1,988	2,395
Total assets	1,056	2,282	2,516	2,735	3,098	3,683	4,260

Segment results

As reported in NSE results XBRL. Segment result is before tax and finance costs. ROCE uses that annual result divided by segment assets less liabilities.

Source XBRL ↗

Latest reported period · 31 Mar 2026 · ₹ crore

Segment	Revenue	Result	Assets	Liabilities	Capital employed	ROCE %
Shrimp Feed	4,366.81	558.54	939.25	302.11	637.14	87.66
Processed Shrimp	1,689.46	128.25

Loading financials…

Ratios

Annual operating, return, leverage and working-capital ratios.

Consolidated Standalone

Consolidated figures

Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	21.5%	20.7%	21.8%	15.8%	19%	19.6%	24%	28.5%
EBITDA margin %	11.7%	11%	11.2%	6.4%	7.7%	8.5%	11.3%	12.3%
EBIT margin %	10.6%	10.1%	10.2%	5.6%	6.9%	7.5%	10.2%	11.3%
PAT margin %	8.8%	9.4%	9.7%	4.9%	6.1%	7.3%	9.9%	10.8%
Working capital
Receivable days	—	—	6	8	9	10	9	9
Inventory days	—	—	63	85	71	75	75	79
Payable days	—	—	27	26	25	27	34	20
NWC days	—	—	42	67	55	57	50	67
Leverage
Current ratio	—	—	6.69	5.78	6.84	7.21	6.62	5.58
Debt to EBITDA	—	—	0	0	0	0.03	0.02	0.01
Debt to equity	—	—	0	0	0	0.01	0	0
Interest coverage	161.7	244.4	304.6	180.5	219	410.6	328.7	324.7
Asset turnover	—	—	1.8	2	1.86	1.73	1.52	1.42
Return ratios
Return on assets %	—	—	17.4%	9.7%	11.4%	12.7%	15.1%	15.4%
Return on capital employed %	—	—	25.5%	17.4%	19.3%	20.9%	24.7%	25.7%
Return on equity %	—	—	22.6%	12.9%	14.9%	16.6%	19.9%	20%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

Loading ratios…

Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	43.28%	43.28%	43.25%	43.23%	43.23%	43.23%	43.23%	43.23%	43.23%	43.23%	43.23%	43.23%
	13.5%	13.48%	14.11%	14.28%	14.4%	14.47%	6.42%	7.59%	6.98%	7.98%	7.63%	7.19%
	8.81%	8.65%	7.47%	6.41%	5.81%	5.49%	5.07%	4%	4.19%	4.16%	6.82%	7.36%
Government	0%	0%	0%	0%	0%	0%	0%	0%	2.72%	2.72%	2.72%	2.72%
	34.41%	34.59%	35.17%	36.08%	36.56%	36.81%	45.28%	45.18%	42.88%	41.91%	39.6%	39.5%
No. of shareholders	—	—	—	—	—	—	—	—	1,21,964	1,21,432	1,16,798	1,22,500

Promoter holding down 0.05 percentage points since Sep 2023.

70 deals · 19 Sept 2022 – 13 Feb 2026

Date	Client	Type	Venue	Side	Quantity	Price	Value
13 Feb 2026	HRTI PRIVATE LIMITED	Bulk	NSE	Buy	7,08,200	₹1,410.01	₹99.86 Cr
13 Feb 2026	HRTI PRIVATE LIMITED	Bulk	NSE	Sell	6,98,932	₹1,417.03	₹99.04 Cr
19 Nov 2025	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Sell	9,24,229	₹833.01	₹76.99 Cr
19 Nov 2025	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Buy	9,24,022	₹832.18	₹76.90 Cr
10 Sept 2025	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Sell	12,92,582	₹743.43	₹96.09 Cr
10 Sept 2025	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Buy	12,92,582	₹742.68	₹96.00 Cr
3 Apr 2025	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Buy	7,24,343	₹778.80	₹56.41 Cr
3 Apr 2025	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Sell	7,24,343	₹778.07	₹56.36 Cr
6 Mar 2025	THAI UNION ASIA INVESTMENT HOLDING LIMITED	Block	NSE	Sell	59,77,413	₹786.00	₹469.82 Cr
6 Mar 2025	IIFL FACILITIES SERVICES LIMITED	Block	NSE	Buy	59,77,413	₹786.00	₹469.82 Cr

1–10 of 70

1 / 7

Mr. JASTHI VENKATA RAMUDUNon-Executive - Independent Director-Chairperson
Mr. ALLURI INDRA KUMARExecutive Director-MD
Mr. CUDDAPAH RAMACHANDRA RAOExecutive Director-MD
Mr. NUTHAKKI RAM PRASADNon-Executive - Non Independent Director
Mr. ALLURI VENKATA SANJEEVExecutive Director
Mr. VANGALA NARSI REDDYNon-Executive - Independent Director
Mr. PEERASAK BOONMECHOTENon-Executive - Non Independent Director
Mr. YONGYUT SETTHAWIWATNon-Executive - Non Independent Director
Mr. SUNKARA VENKATA SATYA SHIVA PRASADNon-Executive - Independent Director
Mrs. PRAMEELA RANI YALAMANCHILINon-Executive - Independent Director
Mr. ALLURI NIKHILESH CHOWDARYNon-Executive - Non Independent Director

Loading shareholding…

F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

Loading f&o…

Fund holders

Mutual-fund schemes that disclosed a holding in the company.

Portfolio month

Schemes holding

across 5 fund houses

Held by these funds

7.57%

of the company's equity

All mutual funds

6.91%

shareholding pattern, Jun 2026

Portfolios as of

August 2026

compared with July 2026

12 schemes · 5 fund houses

		Shares
Portfolio of Kotak Mid Cap FundNEW	Kotak Mahindra Mutual Fund	72.68 L	599.42	0.84%	5.337%	—
Portfolio of Kotak Aggressive Hybrid Fund	Kotak Mahindra Mutual Fund	7.83 L	64.53	0.69%	0.575%	-0
Portfolio of Kotak Manufacture In India Fund	Kotak Mahindra Mutual Fund	5.5 L	45.36	1.45%	0.404%	-0
Conservative Hybrid Fund	SBI Mutual Fund	4.7 L	38.76	0.38%	0.345%	-0
Portfolio of Kotak Special Opportunities Fund	Kotak Mahindra Mutual Fund	3.38 L	27.91	1.64%	0.248%	-0
Portfolio of Kotak Rural Opportunities Fund	Kotak Mahindra Mutual Fund	3.1 L	25.57	3.37%	0.228%	+7,500
Portfolio of Kotak Consumption Fund	Kotak Mahindra Mutual Fund	2.58 L	21.28	1.23%	0.189%	-0
Exports and Services Fund	ICICI Prudential Mutual Fund	1.4 L	11.51	0.74%	0.102%	+3,873

1–8 of 12

1 / 2

Loading fund holders…

Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

Loading documents…

Events

Upcoming dates and the company’s corporate-action history.

Loading events…

Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

22 announcementsExport CSV

8 Sept 2026, 6:46 pmCompany Update

Intimation Under Regulation 30 Of Securities And Exchange Board Of India (Listing Obligations And Disclosure Requirements) Regulations 2015 ('Listing Regulations' Or 'SEBI (LODR) Reg., 2015') In Respect Of Incorporation Of Thai Union Feedmill Ecuador S.A.S.

Loading announcements…

Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	21.5%	20.7%	21.8%	15.8%	19%	19.6%	24%	28.5%
EBITDA margin %	11.7%	11%	11.2%	6.4%	7.7%	8.5%	11.3%	12.3%
EBIT margin %	10.6%	10.1%	10.2%	5.6%	6.9%	7.5%	10.2%	11.3%
PAT margin %	8.8%	9.4%	9.7%	4.9%	6.1%	7.3%	9.9%	10.8%
Working capital
Receivable days	—	—	6	8	9	10	9	9
Inventory days	—	—	63	85	71	75	75	79
Payable days	—	—	27	26	25	27	34	20
NWC days	—	—	42	67	55	57	50	67
Leverage
Current ratio	—	—	6.69	5.78	6.84	7.21	6.62	5.58
Debt to EBITDA	—	—	0	0	0	0.03	0.02	0.01
Debt to equity	—	—	0	0	0	0.01	0	0
Interest coverage	161.7	244.4	304.6	180.5	219	410.6	328.7	324.7
Asset turnover	—	—	1.8	2	1.86	1.73	1.52	1.42
Return ratios
Return on assets %	—	—	17.4%	9.7%	11.4%	12.7%	15.1%	15.4%
Return on capital employed %	—	—	25.5%	17.4%	19.3%	20.9%	24.7%	25.7%
Return on equity %	—	—	22.6%	12.9%	14.9%	16.6%	19.9%	20%

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Godrej Agrovet LimitedGODREJAGROGODREJAGRO	₹12,158 Cr	₹13,626 Cr	₹10,474 Cr	₹834 Cr	8.4%	₹425 Cr	4.4%	22.6%	20.2%	10
Avanti Feeds LimitedAVANTIFEEDAVANTIFEED	₹9,691 Cr	₹9,702 Cr	₹6,361 Cr	₹641 Cr	12.3%	₹531 Cr	10.8%	25.7%	19.9%	67
Mukka Proteins LimitedMUKKAMUKKA	₹771 Cr	₹1,539 Cr	₹1,768 Cr	₹148 Cr	7.9%	₹69 Cr	3.9%	24.4%	11.1%	238
KSE LtdKSEKSE	₹559 Cr	₹584 Cr	₹1,650 Cr	₹120 Cr	—	₹91 Cr	5%	0%	26%	—
Shivam Chemicals LtdSHIVAMSHIVAM	₹238 Cr	—	₹270 Cr	₹7 Cr	2.5%	₹5 Cr	1.8%	—	—	—
Mayank Cattle Food LtdMCFLMCFL	₹54 Cr	—	₹403 Cr	₹13 Cr	3.3%	₹6 Cr	1.5%	—	—	—
Narmada Agrobase LimitedNARMADANARMADA	₹47 Cr	₹57 Cr	₹90 Cr	₹5 Cr	6.3%	₹4 Cr	4.9%	10.3%	6.7%	233

Date	Category	Subject	Filing
8 Sept 2026, 6:46 pm	Company Update General	Intimation Under Regulation 30 Of Securities And Exchange Board Of India (Listing Obligations And Disclosure Requirements) Regulations 2015 ('Listing Regulations' Or 'SEBI (LODR) Reg., 2015') In Respect Of Incorporation Of Thai Union Feedmill Ecuador S.A.S.	PDF
28 Aug 2026, 4:44 pm	Company Update Earnings Call Transcript	Announcement under Regulation 30 (LODR)-Earnings Call Transcript	PDF
27 Aug 2026, 6:38 pm	Company Update Analyst / Investor Meet	Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome	PDF
26 Aug 2026, 4:10 pm	Company Update Investor Presentation	Announcement under Regulation 30 (LODR)-Investor Presentation	PDF
21 Aug 2026, 4:53 pm	Company Update Analyst / Investor Meet	Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation	PDF
20 Aug 2026, 12:52 pm	Company Update Newspaper Publication	Announcement under Regulation 30 (LODR)-Newspaper Publication	PDF
14 Aug 2026, 6:48 pm	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Scrutinizer''s Report	PDF
14 Aug 2026, 6:41 pm	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Outcome of AGM	PDF

₹ Cr	Mar 2016	Mar 2017	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	122	292	383	-212	451	263	583	505
	18	-428	-366	299	-416	-224	-483	-385
	-74	107	-0	-68	-65	-60	-86	-104
Net cash flow	—	—	16	18	-30	-21	14	16
Free cash flow	55	184	307	-279	292	132	430	424
CFO / Operating profit %	53.1%	42.7%	83.2%	-66%	114.8%	57.4%	92.1%	67.4%

Avanti Feeds Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Segment results

Ratios

Shareholding

F&O

Not in the F&O segment

Fund holders

Documents

Announcements

Events

Announcements

Not in the F&O segment

Announcements

Annual reports

Credit ratings

Investor Presentation and earnings call

19

1

2

Segment results

Compounded sales growth

Compounded profit growth

Return on equity

Discontinued operation · revenue

Avanti Feeds Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Segment results

Ratios

Ratio timeline

Shareholding

Quarterly record

Bulk & block deals

Board and management

F&O

Not in the F&O segment

Fund holders

Documents

Announcements

Events

Announcements

Ratio timeline

Not in the F&O segment

Quarterly record

Bulk & block deals

Board and management

Announcements

Annual reports

Credit ratings

Investor Presentation and earnings call

Dividends19

Board meetings1

Stock splits2

Profit & loss

Balance sheet

Segment results

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

Discontinued operation · revenue

19

1

2