Assembled from the company's filings and exchange data as of today. Download PDF renders this page on the server; the narrative sections arrive with the Nexa composer.
Dossier · AVANTI FEEDS LIMITED · 28 October 2026Page 1 of 3
Company Dossier
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AVANTI FEEDS LIMITED
NSE: AVANTIFEED · BSE: 512573
NSE: AVANTIFEED · BSE: 512573
Fast Moving Consumer Goods › Fast Moving Consumer Goods › Food Products › Animal Feed
AVANTI FEEDS LIMITED
StateQ1 FY27 filed
Last close · 27 Oct 2026₹673.00
Market cap₹9.2k cr
TTM P/E · P/B · EV/EBITDA17.3 · 2.47 · 10.7
AVANTI FEEDS LIMITED is a Food Products company listed on NSE. The annual-report business brief for this company has not been generated yet; the numbers below are as filed.
What a broker report prints here — the analyst's thesis. This dossier prints the filed record instead; the narrative read of the latest results, the guidance ledger and the earnings-call summary are the composer's sections (INSTITUTIONAL-PLAN.md M3) and are not yet produced.
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 5,036 | 5,087 | 5,369 | 5,612 | 6,066 |
| EBITDA (ex other income) | 295 | 380 | 458 | 633 | 735 |
| margin % | 5.8 | 7.5 | 8.5 | 11.3 | 12.1 |
| Owners' profit | 222 | 279 | 357 | 529 | 606 |
| EPS, as reported (₹) | 16.26 | 20.45 | 26.21 | 38.81 | 44.48 |
| ROE % · ROCE % | 11.4 · 15.5 | 13.1 · 17.8 | 14.6 · 19.6 | 17.5 · 22.9 | 17.7 · 23.5 |
| Debt / equity (x) | 0.00 | 0.00 | 0.01 | 0.00 | 0.00 |
| Cash from operations | (212) | 451 | 263 | 583 | 505 |
| Capex | (66) | (160) | (131) | (153) | (81) |
Source: SEBI results XBRL as filed with BSE/NSE; EBITDA excludes other income.
Every figure is a filed number or a ratio over filed numbers · No rating, target or fair value is expressed · Disclosures on the last pagemarketping.in
Dossier · AVANTI FEEDS LIMITED · 28 October 2026Page 2 of 3
Exhibit 2: Quarterly performance, last 8 quarters
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,355 | 1,366 | 1,385 | 1,606 | 1,610 | 1,384 | 1,468 | 1,900 |
| Profit before tax | 162 | 184 | 212 | 248 | 228 | 223 | 183 | 157 |
| Net profit | 121 | 141 | 157 | 186 | 169 | 163 | 139 | 116 |
| EPS (₹) | 8.34 | 9.92 | 11.14 | 13.09 | 11.25 | 10.96 | 9.19 | 7.58 |
Source: quarterly results as filed; the balance sheet is filed half-yearly and is not repeated here.
Exhibit 3: Segment revenue, FY26
| Segment | Revenue, ₹ crore | Share % |
|---|---|---|
| Shrimp Feed | 4,367 | 71.9 |
| Processed Shrimp | 1,318 | 21.7 |
| Shrimp Hatchery | 12 | 0.2 |
| Power | 1 | 0.0 |
| Processed shrimp | 371 | 6.1 |
| power | 1 | 0.0 |
| Total, before eliminations | 6,070 | 100.0 |
Source: the filed segment block, four quarters summed.
Exhibit 4: Peers — basic industry group, by market cap
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| GODREJ AGROVET LIMITED | 11,224 | 25.1 | 5.19 | 13.2 | 20.6 | 17.6 | 10.3 | 8.9 |
| AVANTI FEEDS LIMITED ◆ | 9,169 | 17.3 | 2.47 | 9.7 | 17.7 | 23.5 | 8.1 | 9.0 |
| MUKKA PROTEINS LIMITED | 747 | 10.8 | 1.41 | 10.5 | 10.8 | 12.8 | — | 10.1 |
| KSE LTD. | 563 | 0.8 | 1.61 | — | 24.0 | 30.5 | — | (0.5) |
| SHIVAM CHEMICALS LIMITED | 247 | 29.6 | — | — | — | 17.8 | — | — |
| Mayank Cattle Food Limited | 63 | 8.3 | — | — | — | — | — | — |
| AJOONI BIOTECH LIMITED | 50 | 12.1 | 0.55 | — | 4.7 | 6.2 | — | 3.1 |
| NARMADA AGROBASE LIMITED | 44 | 57.5 | — | — | — | — | — | 5.5 |
Source: exchange data and filed statements via the screener; multiples at current prices.
Exhibit 5: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 17.3 | 14.7 | 5 of 8 | 43% |
| P/B | 2.5 | 1.6 | 4 of 5 | 25% |
| ROCE | 23.5 | 17.7 | 2 of 6 | 80% |
| ROE | 17.7 | 17.7 | 3 of 5 | 50% |
| Debt / Equity | 0.0 | 0.2 | 1 of 5 | 100% |
| EBITDA margin | 9.0 | 7.2 | 2 of 6 | 80% |
| Revenue growth | 18.3 | 51.8 | 4 of 6 | 40% |
| Profit growth | (37.4) | (37.4) | 3 of 5 | 50% |
| Market cap | 9169 | 405 | 2 of 8 | 86% |
Source: MarketPing peer ranks; a rank is a measurement, not a view.
Every figure is a filed number or a ratio over filed numbers · No rating, target or fair value is expressed · Disclosures on the last pagemarketping.in
Dossier · AVANTI FEEDS LIMITED · 28 October 2026Page 3 of 3
Exhibit 6: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 26 Oct 2026 · Board meeting to approve September 2026 financial results | results | low | — | — |
| 7 Oct 2026 · Routine SEBI depository compliance certificate for Sep 2026 quarter | compliance | minimal | — | — |
| 25 Sept 2026 · Trading window closure from October 1 ahead of Q2 results | compliance | minimal | — | — |
| 8 Sept 2026 · Thai Union Feedmill Ecuador S.A.S. incorporated; Avanti holds 10% | strategic transactions | medium | — | — |
| 28 Aug 2026 · Q1 FY27: Feed margin falls to 7%, raw material costs surge | investor communications | medium | — | — |
| 27 Aug 2026 · Audio recording of Q1 FY27 post-earnings call uploaded | investor communications | low | — | — |
| 26 Aug 2026 · Avanti Feeds Q1 FY27 Results: Revenue Up 18%, Profit Down 37% | investor communications | medium | — | — |
| 21 Aug 2026 · Avanti Feeds Q1 FY27 Investors Conference Call on August 27 at 4 PM | board shareholder meetings | low | — | — |
| 20 Aug 2026 · Special Window for Dematerialisation of Physical Shares | compliance | minimal | — | — |
| 13 Aug 2026 · Avanti Feeds Q1 FY27: Revenue up 18% YoY, PAT drops 37% | results | high | — | — |
Source: exchange announcements; each reaction is measured from the close before the filing. Next day = the close one session after the reaction day (the first session that could trade the filing).
How to read this document
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions | an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
Sources, method and disclosures
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
Every figure is a filed number or a ratio over filed numbers · No rating, target or fair value is expressed · Disclosures on the last pagemarketping.in