Investor presentationAug 2026
Aug 2026 · PPT
Source: Bse
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.
Data qualityFresh enough for analysisQuote updated 21 Oct, 03:31 pm ISTDetails
Quote21 Oct, 03:31 pm IST
Base fundamentals17 Oct 2026 · screener
Latest result13 Aug, 03:39 pm IST
Score21 Oct, 04:30 am IST · v4.3-runtime-valuation
Tags15 Aug 2026
Coverage14/14 · 100%
Valuation2026-07-20 · Rf 6.8% · FMCG P/E 37.8 (n=42)
Technical timing lens
Trend score and candlestick chart
20Bearishfull bear SMA stack · SMA20 -10.2% / mo · MACD + · near 52W low · sector -5.7pp vs Nifty 500 (3M)
Stock trend: 24
Sector RS: 14
Sector 3M: -11.3% vs Nifty 500 -5.6%
FMCG FPI tailwindNot confirmed
Latest mapped FPI equity flow was not positive. View sector evidence
Technical chart
AVANTIFEEDD candles · FIT view-50.7%Latest close ₹703.45 on 2026-10-21
Bar
-3.1%
RSI
34
MACD hist
4.41
52W pos
3%
2026-10-21O ₹725.60H ₹726.60L ₹699.00C ₹703.45Vol 2.2L sh
Up bar
Down bar
EMA 20
EMA 50
Volume + 20D avg
Result date
RSI(14)
MACD / signal
Market context
Relative performance and chart statistics
Adjusted completed-session prices, rebased to 100
AVANTIFEEDNifty FMCGNifty 500
- AVANTIFEED
- -29.8%
- Nifty 500
- -6.5%
- Nifty FMCG
- -10.7%
- Vs Nifty 500
- -23.4 pp
Chart stats
21 Oct 2026- From 52W high
- -55.9%
- 52W range position
- 6%
- ATR (14)
- 3.2%
- Volume vs 20D
- 0.94x
- Avg traded value
- ₹16.7 Cr
- 20D price channel
- ₹694.3 - ₹776
₹1,593.8
₹648 - ₹1,593.8
₹22.3
Latest completed session
20-session average
27.0% annualized volatility
Research snapshot
What the evidence says now
Investable fundamentals, management evidence is still limited to a financial-only Trust Lite signal, price trend argues for patience, and recent execution is mixed.
Suggested next step
Add to watchlist
Fundamental setup is interesting, but technical confirmation is weak.
U-Score
Legacy · UNDERVALUED71
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
Latest result
Bad2
Revenue +18.3% · PAT -37.6% YoY
Technical
Bearish20
Price trend and sector-relative-strength timing.
Valuation
Legacy model+59.9%
Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.
Trust
Limited evidence79
Financial-only signal; management claim evidence is not sufficient yet.
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Latest result
Quarter ended 30 Jun 2026
Bad · 2/100PAT -38% YoY · margin compression · Rev +18% YoY · +29% QoQ
Filed 13 Aug 2026
Open results browser →| 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.
Fundamentals
Valuation
- P/E
- 18.30
- P/B
- 3.00
- EV/EBITDA
- 14.06
- Market Cap
- 9843.00Cr
Profitability
- ROE
- 18.30%
- ROCE
- 24.40%
- ROA
- 13.78%
- Dividend Y
- 1.38%
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
- 1.22%
- FCF Positive Y
- 11/5
- OCF
- 505.00 Cr
- EPS TTM
- 38.97
Shareholding
- Promoter Hold
- 43.23%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 6%
Financial History
Updated 21/10/2026
Revenue
₹ CrLatest: 1,900+29.4% vs prev
Net Profit
₹ CrLatest: 116-16.5% vs prev
ROE is shown only in the Annual view — quarterly equity data isn't published.
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Daily technical trend read
Bearish setupTrend is weak — long-term trend down. RSI 34.
- Price < SMA20 < SMA50 < SMA200 — full bearish stack.
- SMA20 falling (~11.4% over last month) — short-term momentum negative.
- RSI(14) at 34 — sideways, no extreme reading.
- MACD above signal but histogram contracting — bullish momentum cooling.
- Within 5% of 52-week low — testing support.
Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.
Nifty 500 leadership
Relative Strength & Trend Stage
30
RS percentile
Stage 4 Downtrend
1M return
-8.3%
3M return
-29.8%
6M return
-51.8%
1Y return
-1.8%
RS 1D
+1
RS 20D
-12
Sector rank
#13
Industry rank
-
Stage evidence
- Price is 31.9% below the 30-week proxy.
- The 50-DMA is below the 30-week proxy and its slope is falling -6.3%.
- Both 3-month and 6-month returns are negative.
50-DMA
price below
200-DMA
price below
Sector
weakening
Industry
unranked
Relative-strength line vs Nifty 500 (base 100)
262 observations
21 Oct 2026Value 115.62-1.78%
RS vs Nifty 500116
Valuation & peers
U-Score 71 · legacy U-Score band UNDERVALUED · valuation evidence and comparable companies
Valuation & peers
U-Score 71 · legacy U-Score band UNDERVALUED · valuation evidence and comparable companies
Top Setup
Fundamental score breakdown
U band · UNDERVALUEDValuation18/30
Growth16/25
Quality13/20
Balance Sheet11/15
Cash Flow7/10
Piotroski
8/9 (+5)
Penalties
1
Raw sum
71
Why this score?
Top U-Score contributors and drags from the latest stored fundamentals.
71/100 · legacy band UNDERVALUED
Positive drivers
- Piotroski is strong at 8/9.
- Fair-value margin of safety is positive at 59.9%.
- Balance sheet contributes 11/15 to the score.
Main drags
- Valuation is weaker at 18/30; verify the latest quarterly trend.
- Growth is weaker at 16/25; verify the latest quarterly trend.
- Quality is weaker at 13/20; verify the latest quarterly trend.
Sector valuation model
Consumer valuation: PE/PEG and brand-quality premium
Consumer franchises can deserve higher multiples, but only when growth quality supports them.
Primary lens
PE and PEG relative to growth, ROE, margins, and brand strength.
Secondary checks
Volume growth, pricing power, distribution, same-store or category growth.
Main risk check
Premium valuation needs durable growth and margin resilience.
PE
18.3
PB
3.0
EV/EBITDA
14.1
ROE
18.3%
ROCE
24.4%
FCF Yield
1.2%
Debt/Equity
0.0
MoS
+59.9%
Score movement
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.
Stored run: 21 Oct 2026
v4.3-runtime-valuation
Final score
71
Previous: 69 (+2)
Legacy U-Score band
UNDERVALUED
Previous: UNDERVALUED
Margin of safety
+59.9%
Previous: +58.8%
Score history
12 stored score snapshots. Latest stored move: +0 points.
21 Oct 2026
v4.3-runtime-valuation
71
71
71
71
71
65
65
69
69
69
69
69
Factor attribution
Valuation
18+3
was 15
Balance sheet
11-1
was 12
Modelled fair value
Graham Number
₹459.69
-53.0% MoS
Growth-justified P/E
45.0
Growth-justified Value
₹1,753.65
+59.9% MoS
PEG
0.99
Comparable companies
Peers
Business-comparable peers in FMCG — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.
Ticker
Name
Why peer
Score
PE
ROE
MoS
Verdict
KRBL
Micro
KRBL Limited
Agro Processing
match 22
57
12.0
11.7%
-16%
FAIR VALUE
ORKLAINDIA
Micro
Orkla India Limited
Consumer Goods
match 20
53
24.5
11.2%
+44%
FAIR VALUE
GOKULAGRO
Micro
Gokul Agro Resources Limited
Agro Processing
match 20
77
15.0
30.0%
+67%
DEEP VALUE
BIKAJI
Large
Bikaji Foods International Limited
FMCG
match 14
47
45.5
17.5%
-1%
FAIR VALUE
LTFOODS
Large
LT Foods Limited
Retail
match 12
57
22.7
14.7%
+51%
FAIR VALUE
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business and thesis
Where growth can come from, and what can break the case
Thesis under stressReviewed 2026-06-14T19:07:51.014Z
Management commentary snapshot
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.
Current business mix
Processed Shrimp Sales by Region (Q4 FY26)
Latest issuer-disclosed distribution across 4 reported categories.
North America63.3%
Europe16.3%
Asia19.5%
Africa0.9%
Growth engines
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.
Headwinds
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
Issuer guidance and extracted claims are tracked against later reported outcomes. Treat these as management statements, not IndiaPulse forecasts.
Analyst reading lens
Compare BOTH
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.
Sector KPIs management disclosed
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.
Thesis monitor
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.
Trust Score
79Limited evidence · low confidenceTrust Lite
Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.
Limited evidence: 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.
This is a financial-behaviour screen, not a claim-tested management reliability verdict.
Computed 05 Sept 2026
management-trust-v1
133 docs text-extracted · 73 concalls text-extracted
Score band
Limited evidence
Financial behaviour is scored, but management claims do not yet have enough outcome checks.
Relative rank
88th percentile
overall median 67 · FMCG: 70th pctile, median 79 · Micro: 79th pctile, median 73
Evidence depth
Financial-only
133 documents have extracted text, but claim history is not strong enough yet.
Claim delivery
Outcome history still building
0 claims extracted · No contradicted claim yet
How to read this Trust Score
Limited evidence · low confidenceWhat it measures
Reliability of management and financial delivery, using financial behaviour only.
Confidence
Treat this as an early read until more concalls and outcomes are matched.
Investor use
Can support position sizing if valuation and trend also agree.
Read 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.
Promoter
78
strong · holding, pledge, alignment
Cash flow
77
strong · profit to cash conversion
Balance sheet
96
strong · leverage and solvency
Discipline
82
strong · capital discipline
Results
60
acceptable · quarterly consistency
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.
Continue researching Avanti Feeds Limited
Important announcements & filings
Latest exchange and company disclosures found within the past two years.
Open source ↗
Concall transcriptAug 2026
Aug 2026 · Transcript
Source: Bse
AnnouncementAug 2026
Aug 2026 · Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 21 Aug - Avanti Feeds schedules Q1 FY27 investor conference call on August 27, 2026 at 4:00 PM IST.
Source: Bse
AnnouncementAug 2026
Aug 2026 · Announcement under Regulation 30 (LODR)-Change in Management 28 May - Board approved FY26 audited results, Rs10 final dividend, and CFO succession; AGM on 14 August 2026.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 20 Aug
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 14 Aug
Source: Bse
Annual reportJul 2026
Jul 2026 · Notice Of 33Rd AGM And Annual Report Of The Company For FY 2025-26 23h - Avanti Feeds submitted its 33rd AGM notice and FY2025-26 annual report on July 22, 2026.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 24 Jun
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 19 Jun
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 19 Jun
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 9 Jun
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 29 May
Source: Bse
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.