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India's leading shrimp/aqua-feed maker, also processing and exporting shrimp, via a JV with Thailand's Thai Union.
India's leading shrimp/aqua-feed maker, also processing and exporting shrimp, via a JV with Thailand's Thai Union.
Feed carries the business: farmers buy it by the crop cycle, so sales swing with shrimp disease, pond stocking and shrimp prices. The processing arm buys shrimp from farmers, freezes it and exports it, adding a second route to the same export demand.
Moat: narrow (scale, process know-how, distribution). Market-leading feed scale and Thai Union technology tie-up, but feed and shrimp are commodity, price-competitive markets.
Headquarters: Hyderabad, India · Founded: 1993 · Employees: 1,676
Size Avanti Feeds (AVANTIFEED.NS) is an India Consumer Staples company (Agricultural Commodities/Milling) with a market value of $1.02B, the 587th largest of 1,058 India companies the cockpit tracks. Shares closed at ₹710.40 on 6 Nov 2026.
Performance Over six months the shares fell 51.0%, against -12.2% for the median peer and 0.0% for the India market (cap-weighted) — lowest of 21 in its peer set.
Growth Revenue grew 11.3% over the last twelve months (peer median +1.6%); the operating margin is 9.1% (peer median 3.6%).
Valuation It trades at 22.3× forward earnings against a peer median of 13.2× (4th most expensive of 15).
Price implies For today's price to make sense, revenue must grow about 17% a year for seven years (Req g). Recent delivered growth is +8%, so the hurdle is +9 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 0.8 points below its cost of capital (12.5% WACC).
Next results Next results expected around 10 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ₹63.6B | ₹59.9B | ₹55.4B | ₹53.1B | ₹50.4B |
| Revenue growth | — | +8% | +4% | +5% | — |
| Gross profit | ₹12.7B | ₹10.2B | ₹7.03B | ₹5.00B | ₹4.86B |
| EBITDA | ₹6.41B | ₹6.84B | ₹5.81B | ₹4.10B | ₹3.48B |
| Net income | ₹5.31B | ₹6.06B | ₹5.29B | ₹3.57B | ₹2.79B |
| Free cash flow | n/a | ₹4.87B | ₹4.84B | ₹1.94B | ₹3.16B |
| Capital expenditure | n/a | ₹807M | ₹1.53B | ₹1.31B | ₹1.60B |
| Total debt | n/a | ₹132M | ₹151M | ₹165M | ₹30.5M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Avanti Feeds AVANTIFEED.NS | $1.02B | -51% | +11% | 9% | 22.3× | 17.1% |
| Godrej Agrovet GODREJAGRO.NS | $1.23B | +3% | +9% | 6% | 21.7× | 15.1% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | AVANTIFEED.NS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -1.6% | -3.1% | 9th highest of 21 |
| 6-month return | -51.0% | -12.2% | lowest of 21 |
| Distance from 52-week high | -55.4% | -26.6% | 2nd lowest of 21 |
| Revenue growth (TTM) | +11.3% | +1.6% | 5th highest of 21 |
| Operating margin | 9.1% | 3.6% | 4th highest of 21 |
| Forward P/E | 22.3× | 13.2× | 4th most expensive of 15 |
| Growth the price implies (Req g, 7 yrs) | 17.1% | 2.7% | 2nd most demanding of 9 |
| Growth delivered (Del g) | +8.0% | +8.9% | 4th lowest of 9 |
| Hurdle (Req g minus delivered) | +9.1 pp | -4.5 pp | 2nd most demanding of 9 |
| ROIC minus cost of capital | -0.8 pp | -2.1 pp | 8th highest of 21 |
| EV / EBITDA | 15.1× | 8.7× | 2nd most expensive of 9 |
| Net debt / EBITDA | -2.6× | 2.5× | 2nd least indebted of 10 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Avanti Feeds AVANTIFEED.NS | India | $1.02B | -51% | +11% | 9% | 22.3× | 17.1% | +8.0% |
| Mission Produce AVO | United States | $1.02B | -11% | -6% | 4% | 16.4× | n/a | n/a |
| Juewei Food 603517.SS | China | $1.01B | -13% | -8% | 3% | 31.3× | n/a | n/a |
| KRBL KRBL.NS | India | $990M | +8% | 0% | 16% | 12.1× | 4.2% | +8.8% |
| Xinjiang Guannong 600251.SS | China | $1.09B | -27% | -32% | -4% | 9.4× | n/a | n/a |
| Fujian Aonong Biological Technology Group Incorporation 603363.SS | China | $1.09B | -21% | +12% | -8% | n/a | n/a | n/a |
| Gansu Yasheng Industrial (Group) 600108.SS | China | $961M | -24% | -1% | 2% | n/a | n/a | n/a |
| Elders ELD.AX | Australia | $955M | -12% | +11% | 4% | 12.3× | 5.6% | +8.9% |
| Hainan Shennong Seed Industry Technology 300189.SZ | China | $946M | -11% | +17% | 4% | n/a | n/a | n/a |
| Charoen Pokphand Enterprise (Taiwan) 1215.TW | Taiwan | $927M | -26% | +4% | 10% | 13.4× | -1.2% | +5.1% |
| Dekon Food And Agriculture 2419.HK | Hong Kong | $1.16B | -16% | -10% | -6% | n/a | -5.0% | +22.4% |
| Cobram Estate Olives CBO.AX | Australia | $896M | -29% | +11% | -5% | 23.9× | n/a | n/a |
| Shandong Denghai Seeds 002041.SZ | China | $1.19B | -12% | -1% | 3% | 58.9× | 23.5% | +4.2% |
| Leshan Giantstar Farming & Husbandry 603477.SS | China | $1.19B | -19% | -2% | -15% | n/a | n/a | n/a |
| Luoniushan 000735.SZ | China | $876M | -23% | +48% | -2% | n/a | n/a | n/a |
| M.P. Evans MPE.L | United Kingdom | $1.20B | -5% | +1% | 39% | 9.7× | -9.7% | +15.6% |
| Godrej Agrovet GODREJAGRO.NS | India | $1.23B | +3% | +9% | 6% | 21.7× | 15.1% | +10.3% |
| Shandong Xiantan 002746.SZ | China | $838M | +1% | +12% | 5% | 14.1× | n/a | n/a |
| Showa Sangyo 2004.T | Japan | $820M | +30% | +3% | 3% | 12.9× | 1.3% | +5.6% |
| Great Wall Enterprise 1210.TW | Taiwan | $1.28B | -4% | +2% | 4% | 12.0× | n/a | n/a |
| Del Monte DMC | United States | $1.29B | -27% | +1% | 4% | 12.1× | n/a | n/a |