Way2Wealth Broker Research reports

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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 world's 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...

Q1FY21 Performance Sales came in at `4,982mn which was impacted as two months of revenue loss due to closure of factories on account of pandemic. EBITDA declined by 98% YoY to `29mn with EBITDA margin coming at 0.6% compared to 11.3% in Q1FY20. EBITDA was profitable at `876mn due to lower employee cost (-16% YoY,-18% QoQ) and decline in other expenses (-47.8% YoY,-45.7% QoQ). PAT came in at `526mn on account of higher other income which grew 32.9% YoY and 13.8% QoQ to `1,022mn led by tax reversal of `0.3bn and rental income. Post the gradual...

3. We recommend investors to ADD on dips as the company has a strong balance sheet and leading position in the industry which allows it to positioned well to capitalize on these opportunities. 3. Net Working Capital (NWC) cycle stood at 10 days in Q1FY21 vs. 20 days in FY20....

No. 14, Frontline Granduer, Walton Road, Bangalore-560001; Website: www.way2wealth.com Email: research@way2wealth.com...

Affiliated to ConAgra Foods Inc, one of world's largest food companies, Agro Tech Foods Ltd (ATFL) is engaged in the business of marketing food and food ingredients to retail and institutional customers. The company operates in three segments: Sourcing and Institutional Business, Branded Foods and Others. Sourcing and Institutional Business segment includes oils and agricultural raw materials procurement, crystal and rath bulk packs, the seed buying and processing operations, food service and poultry feed ingredients. The Branded...

Jyothy Labs Ltd. is a fast moving consumer goods (FMCG) company founded by Mr. M P Ramachandran in 1983. Over years, Jyothy has evolved from a single product company into a multi-product company. It is the largest player in the fabric whitener space. The company's business divisions are Fabric Care (41%), Dishwashing (33%), Personal care (11%), Household Insecticide (11%) and Laundry services (2%). JLL's manufacturing units are strategically present across India to maintain a lower logistics cost. It has 26 manufacturing facilities across 22 location and has a distribution...

No. 14, Frontline Granduer, Walton Road, Bangalore-560001; Website: www.way2wealth.com Email: research@way2wealth.com...

MPC kept the policy repo rate unchanged to 4.0%. MPC unanimously voted for keeping the policy repo rate unchanged and continue with accommodative stance as long it is necessary to revive growth and mitigate the impact of Covid-19 on the economy, while ensuring that inflation remains within the target. The Monetary Policy Committee (MPC) had unanimously voted in favor of rate cut in May20 policy. The post Covid-19 repo rate cut now stands at 115 bps and reverse repo is down 155 bps....

No. 14, Frontline Granduer, Walton Road, Bangalore-560001; Website: www.way2wealth.com Email: research@way2wealth.com...