Avanti Feeds: Favourable Culture Conditions Provide Better Outlook
Revenue/PAT to grow at 18%/23% CAGR over FY21-23E. We value AFL at FY23E P/E of 19x considering healthy growth & RoE, and no debt. Revenue growth...
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Avanti Feeds (AVNT IN)
Avanti Feeds (AVNT IN)
18
Analysis
Consumer Staples • India
Avanti Feeds Limited is a prominent Indian aquaculture company that manufactures and markets shrimp and fish feed, and processes and exports shrimp. The company offers end-to-end solutions in the aquaculture industry, including shrimp feed, hatcheries, processing, and power generation to shrimp farms. It was founded in 1993 and is headquartered in Hyderabad, Telangana, India.
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