Avanti Feeds Ltd. share price target

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...

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...

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...

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...

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...

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

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...

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

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...

Avanti Feeds Ltd (AVANTI) has reported a revenue of INR 858cr up 2.8% over Q4FY18 (13% below our estimates)