Avanti Feeds Ltd. share price target

The strong association with Thai Union group in terms of technical expertise & marketing tie-up is benefiting AFL to gain market share. Strong track record of growing above industry growth in last 5Yrs....

In spite of strong headwinds Avanti deliveries strongest Q4 till date, however margins come under pressure.

In spite of strong headwinds Avanti deliveries strongest Q4 till date, however margins come under pressure.

Avanti Feeds (Avanti) is a leading manufacturer of high quality shrimps feed and processor & exporter of shrimps.

Avanti Feeds reported Q3FY18 result ahead of our expectations. Revenue and Net profit increased by 32% and 97.8% yoy respectively led by continued healthy demand for shrimp feeds and processed shrimps.

Avanti Feeds reported Q1FY18 result much ahead of expectations. Revenue and Net profit surged by 37.8% and 203.8% respectively on YoY basis led by strong demand for shrimp feeds and processed shrimps. The current market share of Avanti Feeds is ~43% and management is aiming to increase it to 50-55% over the next two years. It is likely to emerge as the biggest beneficiary of the rising feed demand and could become the largest shrimp exporter in the world in the coming few years.

Avanti Feeds reported Q4FY17's results much ahead of our expectations. Revenue and Net profit surged by 50.3% and 168.5% respectively on YoY basis led by strong domestic demand. The operational and Net profit margins improved led by higher shrimp prices, lower material cost and lower other expenses.

Avanti Feeds is amongst the leading companies operating in aquaculture in India. It manufactures and markets shrimp feeds along with the manufacturing and processing of prawns, fish feeds and shrimps. The company exports processed shrimps to USA, Europe, Japan, Australia & Middle East countries.

Avanti Feeds is the leading manufacturer of Prawn and Fish Feeds and Shrimp Processor and Exporter from India. Avanti has Three Prawn and a Fish Feed Manufacturing Units, in Kovvur, Vemuluru in West Godavari District, Andhra Pradesh and Pardi in Valsad District, Gujarat, in India with a capacity of 90,000 MT per annum. Avanti produces nutritionally well balanced and high quality feed,...