AVANTIFEED
Micro CapAvanti Feeds Limited
Consumer
Avanti Feeds Limited is an integrated aquaculture company engaged in manufacturing shrimp feed and processing & exporting shrimp. It aims to aid sustainability and reliability to aquaculture.
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 is neutral, and recent execution is consistent.
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 31 Mar 2026
Bad · 0/100PAT -11% YoY · margin compression · Rev +6% YoY · +6% QoQ
| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹1,468 Cr | +6.2% | +6.1% |
| EBITDA | ₹165 Cr | -6.8% | -6.3% |
| Operating margin | 11.0% | -200 bps | -200 bps |
| PAT | ₹139 Cr | -11.5% | -14.7% |
| PAT margin | 9.5% | -189 bps | -231 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Where growth can come from, and what can break the case
Q3 FY26 consolidated revenues grew 1.3% YoY to INR 13,835 Mn, primarily driven by strong volume growth in shrimp processing. PAT increased 16.1% YoY to INR 1,635 Mn, with margins expanding to 11.8%.
The thesis remains intact, supported by robust growth in the shrimp processing segment and improved profitability. However, the decline in shrimp feed revenues warrants close monitoring, as it is a significant part of the business.
Processed Shrimp Sales by Regions (Q3FY26)
Latest issuer-disclosed distribution across 4 reported categories.
Shrimp Processing Volume Growth
Consolidated revenues were mainly aided by strong volume growth in shrimp processing and export business.
Improved Selling Price Realisation
Shrimp processing revenue growth was primarily driven by improved average selling price realisation.
Favourable Foreign Exchange Rates
Shrimp processing revenue growth was primarily driven by favourable Fx rates.
Improved Average Selling Price Realisation
EBITDA margin for shrimp processing raised due to increase in average selling price realisation.
Favourable FX Rates
EBITDA margin for shrimp processing raised due to favourable Fx rates.
Decrease in Ocean Freight Rates
EBITDA margin for shrimp processing raised due to decrease in Ocean freight rates.
Shrimp Feed Revenue Decline
In Q3FY26, Shrimp feed revenues dropped by 9.6% YoY.
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.
The investor presentation explicitly highlights year-on-year growth figures for Q3 and 9M FY26 across key financial metrics and segment performance, indicating it is the primary basis for comparison.
Consolidated Revenue Growth
Consolidated Revenues in Q3FY26 grew 1.3% YoY at Rs 13,835 Mn.
Consolidated PAT Growth
Profit after Tax grew by 16.1% YoY to Rs. 1,635 Mn from Rs.1,408 Mn.
Consolidated PAT Margin
PAT margins at 11.8% in Q3FY26, up from 10.3% in Q3FY25.
Shrimp Feed Revenue Growth
Shrimp feed revenues dropped by 9.6% YoY from Rs.9442 Mn in Q3FY25 to Rs.9442.1 Mn in Q3FY26.
Numbers and claims to verify in the next filings
| Checkpoint | Current evidence | What to verify next |
|---|---|---|
| Shrimp Feed Revenue Growth | -9.6% YoY in Q3 FY26 | Reversal of the declining trend and return to positive growth. |
| Shrimp Processing EBITDA Margin | 13% in Q3 FY26 | Sustainability of current margin levels, especially with fluctuating FX and freight rates. |
| Consolidated PAT Margin | 11.8% in Q3 FY26 | Continued expansion or stability, indicating effective cost management and favorable business mix. |
Verification checkpoints are IndiaPulse research interpretation, not investment advice.
Trend score and candlestick chart
53NeutralSMA20 +25.7% / mo
Technical chart
AVANTIFEEDdaily · 3Y+40.0%Technical trend read
Mixed signalsSignals are conflicting — long-term trend unclear. RSI 23. Wait for confirmation.
- SMA20 falling (~14.2% over last month) — short-term momentum negative.
- RSI(14) at 23 — oversold zone; bounce conditions.
- MACD below signal, histogram expanding negatively — bearish momentum building.
- 36% off 52W high · 46% 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, trust methodology, financials, and peers
Use these sections after reviewing the decision summary, latest result, thesis, management accountability, and technical timing above.
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 70.3%.
- Quality contributes 15/20 to the score.
Main drags
- Valuation is weaker at 17/30; verify the latest quarterly trend.
- Cash flow is weaker at 6/10; verify the latest quarterly trend.
- Growth is weaker at 16/25; 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: +0 points.
Factor attribution
Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.
High Trust: Claim history is still being built. It ranks around the 98th percentile of the scored universe and 98th percentile within Consumer. No major sub-score weakness stands out.
High Trust Lite: Promoter pledge is zero.
Management behaviour ranks as unusually reliable. Still verify valuation and cycle risk.
overall median 67 · Consumer: 98th pctile, median 67 · Micro: 97th pctile, median 71
0 documents indexed, but claim history is not strong enough yet.
0 claims extracted · No contradicted claim yet
How to read this Trust Score
High 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 0.6%.
- ▸11 years of positive FCF.
- ▸Debt/equity is 0.00.
Trust risks
- ▸No major Trust Lite risk flags.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Intrinsic value
Fundamentals
Valuation
- P/E
- 23.70
- P/B
- 4.44
- EV/EBITDA
- 17.96
- Market Cap
- 14553.00Cr
Profitability
- ROE
- 20.20%
- ROCE
- 25.90%
- ROA
- 15.42%
- Dividend Y
- 0.84%
Growth (CAGR)
- Revenue 5Y
- 8.00%
- EPS 5Y
- 14.00%
- Revenue 3Y
- 6.00%
- EPS 3Y
- 32.00%
Balance Sheet
- Debt/Equity
- 0.00
- Interest Coverage
- 249.33×
- Altman Z
- 9.36
- Book Value
- 241.00
Cash Flow
- FCF Yield
- 0.82%
- FCF Positive Y
- 11/5
- OCF
- 505.00 Cr
- EPS TTM
- 44.48
Shareholding
- Promoter Hold
- 43.23%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 46%
Financial History
Updated 9/6/2026
Revenue
₹ CrNet Profit
₹ CrReturn on Equity
%Peers
Business-comparable peers in Consumer — 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.