Avanti Feeds Limited (AVANTIFEED)
Micro CapFMCG stocks · Micro cap · NSE
Avanti Feeds Limited is an Indian company engaged in the manufacturing of shrimp feed and processing & export of shrimp. It operates in the aquaculture sector, providing key inputs and value-added products to the global market.
One read, four checks
75+ is strong, 60-74 is usable, 45-59 is mixed, and below 45 needs caution. These are research lenses, not buy/sell instructions.
Investable fundamentals, management trust is supportive, price trend argues for patience, and recent execution is mixed.
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
low confidence · 0/0 claims checked
Timing lens: price trend and sector relative strength.
Rolling lens: recent quarterly delivery, not the latest single-result score.
Quarter ended 30 Jun 2026
Bad · 2/100PAT -38% YoY · margin compression · Rev +18% YoY · +29% QoQ
| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹1,900 Cr | +18.3% | +29.4% |
| EBITDA | ₹106 Cr | -50.5% | -35.8% |
| Operating margin | 6.0% | -700 bps | -500 bps |
| PAT | ₹116 Cr | -37.6% | -16.6% |
| PAT margin | 6.1% | -547 bps | -336 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Business & thesis
Growth engines, tailwinds/headwinds, and risk radar from management commentary
Business & thesis
Growth engines, tailwinds/headwinds, and risk radar from management commentary
Where growth can come from, and what can break the case
Q4 FY26 consolidated revenues grew 6% YoY, but PAT dropped 12% YoY due impacted by elevated raw material prices. Full-year FY26 saw robust growth with revenues up 8% and PAT up 18% YoY, driven by strong shrimp processing volumes and improved margins.
While FY26 showed strong overall growth, Q4 FY26 results indicate margin compression in the shrimp feed segment due to elevated raw material prices. Shrimp processing showed robust growth and margin improvement, but overall profitability was impacted. The ability to pass on costs or manage input prices is key for future performance.
Processed Shrimp Sales by Region (Q4 FY26)
Latest issuer-disclosed distribution across 4 reported categories.
Shrimp Processing Volume Growth
Consolidated revenues in Q3FY26 grew 6.12% YoY, mainly aided by strong volume growth in shrimp processing and export business.
Improved Average Selling Price Realization
Shrimp processing revenue growth and EBITDA margin increase were primarily driven by improved average selling price realisation.
Favorable FX Rates
Shrimp processing revenue growth and EBITDA margin increase were primarily driven by favourable Fx rates.
Improved Operational Efficiency
Shrimp processing EBITDA margin raised due to improved operational efficiency.
Elevated Raw Material Prices
EBIT declined by 6.7% YoY at Rs 1,980 Mn, impacted by elevated raw material prices. Shrimp feed EBIT margins at 9.5% due to increasing Raw Material prices.
Management accountability
What management said, and what results must prove
Management accountability
What management said, and what results must prove
What management said, and what results must prove
Issuer guidance and extracted claims are tracked against later reported outcomes. Treat these as management statements, not IndiaPulse forecasts.
Q4 YoY comparison is crucial for understanding current performance against the previous year, especially for seasonal businesses. FY YoY comparison provides a holistic view of annual growth. QoQ is also relevant for sequential trends in segment performance and margins.
Consolidated Revenues (Q4 FY26 YoY)
Grew 6.2% YoY to INR 14,677 Mn.
Consolidated PAT (Q4 FY26 YoY)
Dropped 11.7% YoY to INR 1,389 Mn.
Shrimp Feed Revenues (Q4 FY26 YoY)
Grew 0.8% YoY to INR 10,402 Mn.
Shrimp Processing Revenues (Q4 FY26 YoY)
Increased 22.2% YoY to INR 4,275 Mn.
Numbers and claims to verify in the next filings
| Checkpoint | Current evidence | What to verify next |
|---|---|---|
| Shrimp Feed EBIT Margin | 9.5% (Q4 FY26) | Trends in raw material prices and company's ability to maintain or improve margins. |
| Shrimp Processing EBITDA Margin | 13% (Q4 FY26) | Sustainability of improved average selling price realization and operational efficiency. |
| Consolidated PAT Growth | -11.7% YoY (Q4 FY26) | Reversal of the declining trend in quarterly PAT and overall profitability. |
| Processed Shrimp Sales by Region | North America 63.3%, Asia 19.5%, Europe 16.3%, Africa 0.9% (Q4 FY26) | Shifts in regional demand and pricing power. |
Verification checkpoints are IndiaPulse research interpretation, not investment advice.
Trend score and candlestick chart
29Bearishfull bear SMA stack · SMA20 -11.5% / mo · RSI oversold · MACD −
Technical chart
AVANTIFEEDdaily · 1Y · AUTO-34.1%Daily technical trend read
Bearish setupTrend is weak — long-term trend down. RSI 28.
- Price < SMA20 < SMA50 < SMA200 — full bearish stack.
- SMA20 falling (~13.0% over last month) — short-term momentum negative.
- RSI(14) at 28 — oversold zone; bounce conditions.
- MACD below signal, histogram expanding negatively — bearish momentum building.
- 50% off 52W high · 26% above 52W low.
Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.
Valuation & score drivers
U-Score 65 · UNDERVALUED · pillar breakdown, sector model, fair-value anchor
Valuation & score drivers
U-Score 65 · UNDERVALUED · pillar breakdown, sector model, fair-value anchor
Fundamental score breakdown
UNDERVALUEDWhy this score?
Top U-Score contributors and drags from the latest stored fundamentals.
Positive drivers
- Piotroski is strong at 8/9.
- Fair-value margin of safety is positive at 54.5%.
- Balance sheet contributes 11/15 to the score.
Main drags
- Valuation is weaker at 14/30; verify the latest quarterly trend.
- Growth is weaker at 14/25; verify the latest quarterly trend.
- Quality is weaker at 13/20; verify the latest quarterly trend.
Consumer valuation: PE/PEG and brand-quality premium
Consumer franchises can deserve higher multiples, but only when growth quality supports them.
Stored run vs live recompute
This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.
Score history
12 stored score snapshots. Latest stored move: +1 points.
Factor attribution
Modelled fair value
Trust score
Does management behaviour match later outcomes? Claim delivery, forensic breakdown, evidence depth
Trust score
Does management behaviour match later outcomes? Claim delivery, forensic breakdown, evidence depth
Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.
Healthy Trust: Claim history is still being built. It ranks around the 88th percentile of the scored universe and 70th percentile within FMCG. No major sub-score weakness stands out.
High Trust Lite: Promoter pledge is zero. Key concern: 1 of the latest 4 quarters had PAT decline worse than 25% YoY.
Generally investable credibility. Look for weak sub-scores before increasing position size.
overall median 67 · FMCG: 70th pctile, median 78 · Micro: 79th pctile, median 73
133 documents have extracted text, but claim history is not strong enough yet.
0 claims extracted · No contradicted claim yet
How to read this Trust Score
Healthy Trust · low confidenceRead Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.
Forensic breakdown
Read low sub-scores as due-diligence warnings, not automatic sell signals.
Trust positives
- ▸Promoter pledge is zero.
- ▸FCF yield is positive at 1.1%.
- ▸11 years of positive FCF.
- ▸Debt/equity is 0.00.
Trust risks
- ▸1 of the latest 4 quarters had PAT decline worse than 25% YoY.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Financials
Full fundamentals table and 10-year revenue / profit / ROE history
Financials
Full fundamentals table and 10-year revenue / profit / ROE history
Fundamentals
Valuation
- P/E
- 20.20
- P/B
- 3.32
- EV/EBITDA
- 15.54
- Market Cap
- 10881.00Cr
Profitability
- ROE
- 18.30%
- ROCE
- 24.40%
- ROA
- 13.78%
- Dividend Y
- 1.25%
Growth (CAGR)
- Revenue 5Y
- 8.00%
- EPS 5Y
- 12.00%
- Revenue 3Y
- 6.00%
- EPS 3Y
- 28.00%
Balance Sheet
- Debt/Equity
- 0.00
- Interest Coverage
- 213.33×
- Altman Z
- 9.34
- Book Value
- 241.00
Cash Flow
- FCF Yield
- 1.10%
- FCF Positive Y
- 11/5
- OCF
- 505.00 Cr
- EPS TTM
- 38.97
Shareholding
- Promoter Hold
- 43.23%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 17%
Financial History
Updated 5/9/2026
Revenue
₹ CrNet Profit
₹ CrReturn on Equity
%Peers
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Peers
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Peers
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