Avanti Feeds Limited
NSE: AVANTIFEED · Animal Feed · sector
₹668.95NSE close 2026-10-26
Key numbers
Market cap₹9,114 cr
Price₹668.95
52w high / low₹1,594 / ₹669
P/E17.2xSector median 17.2x
P/B2.8xSector median 1.8x
Book value₹241.2
Dividend yield1.37%Sector median 1.80%
ROE17.4%Sector median 17.4%
ROCE24.0%Sector median 19.6%
OPM9.9%Sector median 5.1%
Debt / equity0.00xSector median 0.17x
EV/EBITDA11.8xSector median 11.8x
Interest cover291.8x
Current ratio5.58x
Sales growth 3y+6.0%Sector median +4.5%
Profit growth 3y+29.6%Sector median +29.6%
PEG0.58x
Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 7 companies in Animal Feed (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹1,690 cr vs borrowings ₹10 cr (FY26): cash is higher (net cash).
- Operating profit covered interest 291.8x in the last 12 months.
- No promoter shares are pledged.
- Operating cash flow was below net profit in 3 of the last 5 years (FY26, FY24, FY22).
- Revenue was higher than a year earlier in 4 of the last 4 quarters.
- Other income was 42% of net profit in the last 12 months.
- Dividend paid in 5 of the last 5 financial years.
- Price ₹668.95 on 2026-10-26: -58.0% from the 52-week high, 0.0% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹1,473.30 · low ₹569.05
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,355 | 1,366 | 1,385 | 1,606 | 1,610 | 1,384 | 1,468 | 1,900 |
| EBITDA | 136 | 160 | 177 | 214 | 194 | 176 | 152 | 106 |
| OPM % | 10.0% | 11.7% | 12.8% | 13.3% | 12.1% | 12.7% | 10.3% | 5.6% |
| Other income | 42 | 39 | 50 | 51 | 49 | 63 | 47 | 66 |
| Net profit | 114 | 135 | 152 | 178 | 153 | 149 | 125 | 103 |
| EPS (₹) | 8.34 | 9.92 | 11.14 | 13.09 | 11.25 | 10.96 | 9.19 | 7.58 |
| Revenue YoY | +18.8% | +1.3% | +6.0% | +18.3% | ||||
| Profit YoY | +34.9% | +10.5% | -17.6% | -42.1% |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 5,036 | 5,087 | 5,369 | 5,612 | 6,066 | 6,361 |
| EBITDA | 295 | 380 | 458 | 633 | 735 | 628 |
| Net profit | 222 | 279 | 357 | 529 | 606 | 531 |
| EPS (₹) | 16.26 | 20.45 | 26.21 | 38.81 | 44.48 | 38.98 |
| Revenue growth | +1.0% | +5.5% | +4.5% | +8.1% | +11.3% | |
| Profit growth | +25.8% | +28.2% | +48.1% | +14.6% | -8.3% | |
| Dividend / share (₹) | 6.25 | 6.25 | 6.25 | 6.75 | 9.00 |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | +6.0% | +8.1% | +11.4% |
| Net profit | +29.6% | +11.0% | -8.3% |
| EPS | +29.6% | +11.0% | – |
| Share price | – | +8.4% (2y) | +1.8% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 2,095 | 2,365 | 2,801 | 3,286 |
| Borrowings | – | 0 | 14 | 13 | 10 |
| Cash & equivalents | – | 1,254 | 1,445 | 1,939 | 1,690 |
| Total assets | – | 2,735 | 3,098 | 3,683 | 4,260 |
| Fixed assets | – | 384 | 486 | 555 | 583 |
| Capital work in progress | – | 34 | 9 | 30 | 20 |
| Investments | – | 25 | 25 | 47 | 10 |
| Receivables | – | 122 | 143 | 140 | 144 |
| Inventory | – | 805 | 885 | 881 | 940 |
| Payables | – | 281 | 321 | 400 | 243 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | -212 | 451 | 263 | 583 | 505 |
| Cash from investing | 299 | -416 | -224 | -483 | -385 |
| Cash from financing | -68 | -65 | -60 | -86 | -104 |
| Capex | 66 | 160 | 131 | 153 | 81 |
| Free cash flow | -279 | 292 | 132 | 430 | 424 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | 13.3% | 15.1% | 18.9% | 18.4% |
| ROCE % | – | 20.5% | 22.6% | 26.3% | 26.8% |
| Debtor days | – | 9 | 10 | 9 | 9 |
| Inventory days | – | 71 | 75 | 75 | 79 |
| Payable days | – | 25 | 27 | 34 | 20 |
| Cash conversion cycle (days) | – | 55 | 58 | 50 | 68 |
| Working capital days | – | 135 | 148 | 166 | 140 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 43.23% |
| FIIs | 6.36% |
| DIIs | 8.31% |
| of which Mutual funds | 7.80% |
| of which Insurance | 0.02% |
| Government | 2.72% |
| Public (non-institutions) | 39.38% |
| Quarter | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 43.23% | 43.23% | 43.23% | 43.23% | 43.23% | 43.23% | 43.23% | 43.23% |
| Promoter group | % |
|---|---|
| Srinivasa Cystine Private Limited | 26.64% |
| Indra Kumar Alluri | 6.11% |
| Alluri Indra Kumar HUF | 6.01% |
| Sanjeev Agrovet Private Limited | 3.11% |
| Andhra Pradesh Industrial Development Corporation | 2.72% |
| Venkata Sanjeev Alluri | 0.52% |
| Alluri Nikhilesh Chowdary | 0.51% |
| Nuthakki RAM Prasad HUF | 0.17% |
| N Naga Ratna | 0.07% |
| Jitendra Prasad Katneni | 0.03% |
| Katneni UMA Maheswara RAO | 0.03% |
| Sudha Vadlamudi | 0.01% |
| Arun Kumar Chukkapalli | 0.01% |
| Ratna Manikyamba Katneni | 0.00% |
| Katneni Sarath Babu | 0.00% |
| Public holders above 1% | % |
|---|---|
| Thai Union Group Public Company Limited | 24.21% |
| Kotak Aggressive Hybrid Fund | 6.98% |
1,22,162 shareholders. Pledged: 0.00% of promoter shares.
Peers in Animal Feed
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| GODREJAGRO | ₹11,795 cr | 26.4x | 5.8x | 20.1% | 19.6% | 7.7% | +3.0% | 1.80% |
| AVANTIFEED | ₹9,114 cr | 17.2x | 2.8x | 17.4% | 24.0% | 9.9% | +6.0% | 1.37% |
| MUKKA | ₹738 cr | 10.7x | 1.5x | 14.7% | 12.4% | 8.4% | – | – |
| KSE | ₹544 cr | 1.6x | 1.6x | 14.4% | 17.6% | 3.5% | +1.4% | 5.79% |
| SHIVAM | ₹247 cr | 39.9x | 10.0x | 28.7% | 39.4% | 3.2% | – | – |
| NARMADA | ₹85 cr | 23.5x | 1.4x | 6.2% | 8.1% | 5.1% | +16.1% | – |
| MCFL | ₹59 cr | 9.9x | 1.8x | 20.3% | 35.3% | 3.3% | – | – |
Business segments (FY26)
| Segment | Revenue | Share | EBIT | Margin |
|---|---|---|---|---|
| Shrimp Feed | ₹4,367 cr | 71.9% | ₹558 cr | 12.8% |
| Processed Shrimp | ₹1,690 cr | 27.8% | ₹128 cr | 7.6% |
| Shrimp Hatcery | ₹12 cr | 0.2% | ₹-6 cr | -44.3% |
| Discontinued Operation | ₹1 cr | 0.0% | ₹1 cr | 97.9% |
| Power | ₹0 cr | – | ₹-1 cr | – |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2026-08-07 | Dividend | Dividend - Rs 10 Per Share |
| 2025-08-07 | Dividend | Dividend - Rs 9 Per Share |
| 2024-07-30 | Dividend | Annual General Meeting/Dividend - Rs 6.75 Per Share |
| 2023-08-03 | Dividend | Annual General Meeting/Dividend - Rs 6.25 Per Share |
| 2023-04-21 | Other | Extra Ordinary General Meeting |
| 2022-08-04 | Dividend | Annual General Meeting/Dividend - Rs 6.25 Per Share |
| 2021-08-05 | Dividend | Annual General Meeting/Dividend - Rs 6.25 Per Share |
| 2020-08-20 | Dividend | Annual General Meeting/Dividend - Rs 0.10 Per Share |
| 2020-03-05 | Dividend | Interim Dividend - Rs 5 Per Share |
| 2019-07-30 | Dividend | Annual General Meeting/Dividend - Rs 4 Per Share |
| 2018-07-30 | Dividend | Dividend- Re 6 Per Share (Rate Revised) |
| 2018-06-26 | Split | Bonus 1:2/Face Value Split (Sub-Division) From Rs 2/- Per Share To Re 1/- Per Share |
| 2017-08-03 | Dividend | Dividend - Rs 9 Per Share |
| 2016-08-04 | Dividend | Dividend - Rs 7/- Per Share |
| 2015-11-26 | Split | Face Value Split (Sub-Division) - From Rs 10/- Per Share To Rs 2/- Per Share |
| 2015-07-30 | Dividend | Annual General Meeting/Dividend Rs 27.50/- Per Share |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Announcements NSE filings
- BRSR FY26
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
- Agriculture, Forestry & Fishing – Fishing and Aquaculture: The Company is primarily engaged in the manufacture and sale of scientifically formulated shrimp feed to support sustainable aquaculture. It also undertakes shrimp hatchery operations and provides technical support to farmers for improving productivity and responsible shrimp farming practices.
| Sector | Fast Moving Consumer Goods |
| Industry | Animal Feed |
| Sub-industry | Animal Feed |
| Symbol | AVANTIFEED |
| BSE code | 512573 |
| ISIN | INE871C01038 |
| Face value | ₹1.0 |
| Incorporated | 1993-01-06 |
| Website | www.avantifeeds.com |
| Plants (India / abroad) | 6 / 0 |
From the company's filings (BRSR FY26).
Data built 2026-10-22 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.