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Model Note · AVANTI FEEDS LIMITED · 11 September 2026Page 1 of 2
Model Note
Prepared by the reader · not a MarketPing document
AVANTI FEEDS LIMITED Discounted cash flow · base FY26
AVANTI FEEDS LIMITED
Value per share, this model₹632
CMP 2026-09-10₹800.00
Difference(21.0)%
Growth the CMP implies18.1%/yr
This note states the assumptions and the arithmetic of one model of AVANTI FEEDS LIMITED, built on its filed FY26 consolidated statements. The value is the outcome of the assumptions below and nothing else; it is not a fair value, a target or a recommendation.
Assumptions
Input
This model
Filed reference
Revenue growth, 5 years
8% a year
FY26 8.1% · 5-yr CAGR 8.1%
EBITDA margin
12.1%
FY26 12.1% · 5-yr average 9.0%
Depreciation · capex, % of revenue
1% · 1.3%, fading to 1.2× depreciation
FY26 1.0% · 1.3%
Working capital, % of added revenue · tax
13.9% · 25.5%
51 working-capital days · effective 25.5%
Discount rate
11.00%
1-yr beta 1.68
After FY31
5% flat · mid-year discounting
—
Net debt · non-controlling interest · non-operating investments
₹(32) · ₹0 · ₹0 cr
FY26 net debt ₹(32) cr
Shares
13.62 crore
13.62 crore today
Source: SEBI results XBRL as filed with BSE/NSE, exchange prices; the reader's assumptions.
Projected cash flow to the firm
₹ crore
FY26
FY27
FY28
FY29
FY30
FY31
Revenue
6,066
6,551
7,075
7,641
8,253
8,913
growth %
8.1
8.0
8.0
8.0
8.0
8.0
EBITDA
735
793
856
925
999
1,078
Depreciation
(63)
(66)
(71)
(76)
(83)
(89)
NOPAT
501
542
585
632
682
737
less capex
(81)
(85)
(90)
(96)
(101)
(107)
less working-capital build
—
(67)
(73)
(79)
(85)
(92)
Free cash flow to firm
—
455
493
534
579
627
Present value
432
421
411
402
392
Source: the model; base year as filed.
Every figure is the reader's model over filed numbers · No rating, target or fair value is expressedmarketping.in
Model Note · AVANTI FEEDS LIMITED · 11 September 2026Page 2 of 2
From enterprise to equity
PV of the 5 explicit years
2,058
PV of the terminal value (76% of EV)
6,516
Enterprise value
8,575
less net debt
32
less non-controlling interest
0
add non-operating investments
0
Equity value
8,607
÷ 13.62 crore shares
₹632
Source: the model.
Sensitivity, ₹ per share
WACC ↓ · terminal growth →
4.0%
4.5%
5.0%
5.5%
6.0%
10.0%
652
700
757
827
915
10.5%
602
642
689
745
814
11.0%
559
593
632
678
733
11.5%
522
551
583
622
667
12.0%
490
514
542
574
612
Source: the model; n/a where terminal growth reaches the discount rate.
Statement
This note is the reader's own model over publicly filed information: SEBI results XBRL filed with BSE and NSE and exchange price data, assembled by MarketPing software; every assumption above is the reader's. It contains no research recommendation, no price target and no opinion by MarketPing 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). Historical per-share figures are on the current share count. Where a figure is unavailable the table shows a dash rather than an estimate. Nothing here constitutes investment advice, an offer or a solicitation.
Every figure is the reader's model over filed numbers · No rating, target or fair value is expressedmarketping.in
