AVANTIFEED

Avanti Feeds Limited

Shrimp feed and pet food manufacturer with shrimp processing and export business

Fast Moving Consumer Goods›Fast Moving Consumer Goods›Food Products›Animal Feed

avantifeeds.com(opens the company website in a new tab)
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Key metrics

Price as of 2026-10-16

Stock price
₹722.60
Market cap
9,848 Cr
Stock P/E
18.5
P/B
3.00
Dividend yield
1.3%
ROE (FY26)
16.3%
ROCE (FY26)
23.8%
Operating margin (FY26)
11.3%
Debt / equity (FY26)
0.0032
OCF / EBITDA (FY26)
67.4%
OCF / EBITDA (3Y)
73.4%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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Compare with peers

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What you need to know

Avanti Feeds makes shrimp feed for Indian shrimp farmers and also processes and exports frozen shrimp, and it is building a pet food business under the Avant Furst brand.

Company snapshot

2ndBy market cap

Ranked among 5 companies in Animal Feed.

Segment mix

Reportable segments as of 2024-12-31 (Standalone). Revenue share = segment revenue ÷ total revenue.

Largest segment: 99.6% of revenue

SegmentRevenue shareRevenuePBTAssets
Shrimp Feed
99.6%
3,384 Cr369 Cr—
Shrimp Hatchery
0.4%
12 Cr-0.14 Cr—
Wind Power
0.0%
1 Cr0.39 Cr—

What we see

Positives
  • ✓Debt-to-equity of 0.00x — the company is largely funded by its own money, not borrowed funds.
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Statement tables · Consolidated

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales1,278 Cr1,253 Cr1,284 Cr1,506 Cr1,355 Cr1,366 Cr1,385 Cr1,606 Cr1,610 Cr1,384 Cr1,468 Cr1,900 Cr
Operating expenses (approx.)1,185 Cr1,156 Cr1,154 Cr1,346 Cr1,219 Cr1,205 Cr1,208 Cr1,392 Cr1,415 Cr1,207 Cr1,303 Cr1,794 Cr
EBITDA94 Cr97 Cr130 Cr160 Cr136 Cr160 Cr177 Cr214 Cr194 Cr176 Cr165 Cr106 Cr
OPM %7.4%7.7%10.1%10.6%10.0%11.7%12.8%13.3%12.1%12.7%11.2%5.6%
Other income34 Cr34 Cr36 Cr35 Cr42 Cr39 Cr50 Cr51 Cr49 Cr63 Cr47 Cr66 Cr
Interest0.16 Cr0.15 Cr0.72 Cr0.55 Cr0.57 Cr0.52 Cr0.61 Cr0.52 Cr0.43 Cr0.68 Cr1 Cr0.47 Cr
Depreciation14 Cr14 Cr14 Cr14 Cr15 Cr15 Cr15 Cr16 Cr16 Cr16 Cr15 Cr14 Cr
Profit before tax113 Cr116 Cr151 Cr180 Cr162 Cr184 Cr211 Cr249 Cr227 Cr222 Cr184 Cr157 Cr
Tax %27.0%28.0%25.3%23.4%25.2%23.5%25.7%25.3%25.7%26.4%24.5%25.8%
Net profit83 Cr83 Cr113 Cr138 Cr121 Cr141 Cr157 Cr186 Cr169 Cr163 Cr139 Cr116 Cr
EPS (₹)₹5.45₹5.32₹7.64₹9.41₹8.34₹9.92₹11.14₹13.09₹11.25₹10.96₹9.19₹7.58

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales2,616 Cr3,393 Cr3,488 Cr4,115 Cr4,101 Cr5,036 Cr5,087 Cr5,369 Cr5,612 Cr6,066 CrSign in free for the trailing twelve months
Operating expenses (approx.)2,286 Cr2,710 Cr3,081 Cr3,661 Cr3,640 Cr4,714 Cr4,694 Cr4,911 Cr4,979 Cr5,318 CrSign in free for the trailing twelve months
EBITDA330 Cr683 Cr407 Cr454 Cr460 Cr322 Cr393 Cr458 Cr633 Cr748 CrSign in free for the trailing twelve months
OPM %12.6%20.1%11.7%11.0%11.2%6.4%7.7%8.5%11.3%12.3%Sign in free for the trailing twelve months
Other income24 Cr48 Cr54 Cr70 Cr93 Cr82 Cr92 Cr136 Cr165 Cr211 CrSign in free for the trailing twelve months
Interest3 Cr3 Cr3 Cr2 Cr2 Cr2 Cr2 Cr1 Cr2 Cr3 CrSign in free for the trailing twelve months
Depreciation14 Cr24 Cr36 Cr38 Cr41 Cr41 Cr43 Cr56 Cr59 Cr63 CrSign in free for the trailing twelve months
Profit before tax337 Cr705 Cr428 Cr485 Cr510 Cr324 Cr427 Cr537 Cr737 Cr882 CrSign in free for the trailing twelve months
Tax %32.8%33.8%28.4%20.3%22.0%24.3%26.8%26.6%24.5%25.5%Sign in free for the trailing twelve months
Net profit226 Cr466 Cr307 Cr386 Cr397 Cr245 Cr312 Cr394 Cr557 Cr657 CrSign in free for the trailing twelve months
EPS (₹)₹47.49₹98.31₹20.08₹25.43₹26.43₹16.26₹20.45₹26.21₹38.81₹44.48Sign in free for the trailing twelve months
Dividend payout %————0.4%35.1%27.2%21.6%17.5%19.0%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital9 Cr9 Cr14 Cr14 Cr14 Cr14 Cr14 Cr14 Cr14 Cr14 Cr
Reserves626 Cr1,022 Cr1,192 Cr1,390 Cr1,748 Cr1,882 Cr2,082 Cr2,352 Cr2,787 Cr3,272 Cr
Borrowings13 Cr5 Cr8 Cr0.16 Cr———14 Cr13 Cr10 Cr
Other liabilities321 Cr371 Cr250 Cr285 Cr293 Cr369 Cr358 Cr395 Cr495 Cr542 Cr
Total liabilities1,069 Cr1,526 Cr1,615 Cr1,880 Cr2,282 Cr2,516 Cr2,735 Cr3,098 Cr3,683 Cr4,260 Cr
Fixed assets (net)160 Cr312 Cr292 Cr266 Cr282 Cr264 Cr384 Cr486 Cr555 Cr583 Cr
CWIP94 Cr2 Cr9 Cr26 Cr6 Cr40 Cr34 Cr9 Cr30 Cr20 Cr
Investments360 Cr584 Cr630 Cr680 Cr1,235 Cr931 Cr1,005 Cr746 Cr1,100 Cr1,262 Cr
Loans & advances——0.98 Cr1 Cr1 Cr0.96 Cr2 Cr2 Cr1 Cr1 Cr
Inventories356 Cr525 Cr379 Cr544 Cr553 Cr988 Cr805 Cr885 Cr881 Cr940 Cr
Trade receivables23 Cr50 Cr49 Cr89 Cr67 Cr114 Cr122 Cr143 Cr140 Cr144 Cr
Cash & bank41 Cr7 Cr58 Cr16 Cr47 Cr65 Cr35 Cr13 Cr26 Cr42 Cr
Other assets35 Cr46 Cr197 Cr258 Cr91 Cr114 Cr347 Cr815 Cr949 Cr1,268 Cr
Total assets1,069 Cr1,526 Cr1,615 Cr1,880 Cr2,282 Cr2,516 Cr2,735 Cr3,098 Cr3,683 Cr4,260 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity278 Cr281 Cr184 Cr125 Cr383 Cr-212 Cr451 Cr263 Cr583 Cr505 Cr
Cash from investing-408 Cr-269 Cr-27 Cr-26 Cr-366 Cr299 Cr-416 Cr-224 Cr-483 Cr-385 Cr
Cash from financing101 Cr-45 Cr-106 Cr-141 Cr-0.38 Cr-68 Cr-65 Cr-60 Cr-86 Cr-104 Cr
Net cash flow-29 Cr-34 Cr51 Cr-42 Cr31 Cr18 Cr-30 Cr-21 Cr14 Cr16 Cr
Free cash flow (OCF − Capex)186 Cr201 Cr159 Cr90 Cr307 Cr-279 Cr292 Cr132 Cr430 Cr424 Cr

Ratios

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %45.5%61.2%31.6%30.5%25.7%15.2%18.0%19.9%23.2%23.8%
ROE %29.4%40.6%22.6%21.7%18.1%10.3%11.7%13.3%16.7%16.3%
Debtor days35586891099
Inventory days62775060628571747279
Days payable43422424272625273320
Cash conversion cycle22403244416755574967
OCF / EBITDA %84.1%41.2%45.1%27.6%83.2%-65.9%114.8%57.4%92.1%67.4%
OCF / EBITDA % (3 years)——52.3%38.2%52.3%23.9%52.9%42.8%87.4%73.4%
Debt / equity0.020.00530.00640.00010.000.000.000.00590.00470.0032
Current ratio2.653.565.475.826.765.846.847.216.625.58
Net debt / EBITDA-0.08—-0.12-0.03-0.10-0.20-0.090.0031-0.02-0.04