Market & Forensics Analyst, Beat the Street

Nimish Maheshwari

Market & Forensics Analyst

Beat the Street

Beat The Street was founded by Nimish Maheshwari and Sudarshan Bhandari, both of whom are Chartered Accountants by Profession, known for their expert analysis in the fields of Business, Sectoral analysis, and Corporate governance.

With a strong social media presence of 45,000+ Subscribers across various platforms, they are considered trusted voices in the industry. Their insights and analysis have been featured in some of India’s most prominent publications, including the Economic Times, Dalal Street Investment Journal, The Morning Context, and The Ken.

Their analysis on Bankrupt & Insolvent companies has been instrumental in saving investors from significant losses. They have a keen eye for identifying red flags and has identified exclusive redflags earlier in Vedanta, Nykaa, Dhani Services, Adani and many more.

Read Business Not Stock Prices

Equity Bottom-Up

<ul>
<li>Ecuador's crisis, driven by violence and narco-gang threats, impacts the global seafood supply chain, especially the lucrative shrimp exports sector.</li>
<li>Resilient amid challenges, India holds its position as the second-largest global shrimp producer, balancing opportunities and persistent challenges in logistics and competition.</li>
<li>Investors urged caution in the Indian seafood boom, yet potential opportunities arise from Ecuador's supply disruptions, with reduced import duty enhancing India's competitiveness.</li>
</ul>


Ecuador's crisis, driven by violence and narco-gang threats, impacts the global seafood supply chain, especially the lucrative shrimp exports sector.
Resilient amid challenges, India holds its position as the second-largest global shrimp producer, balancing opportunities and persistent challenges in logistics and competition.
Investors urged caution in the Indian seafood boom, yet potential opportunities arise from Ecuador's supply disruptions, with reduced import duty enhancing India's competitiveness.


Shrimp Industry Shakeup: Ecuador Crisis Sparks Opportunities for Indian Seafood Companies

APAC IPOs & Placements, Aequitas Research

Rosita Fernandes

APAC IPOs & Placements

IPOs and Placements coverage across Asia Pacific

Aequitas Research

We cover all listing across the Asia Pacific along with follow-up placements. As of Dec 2020, our team had covered 539 IPOs with a hit rate of 73.5% and 685 placements with a hit rate of 66.8%.

We combine fundamental bottom-up views with our proprietary quantitative framework to provide a holistic coverage across new listings and placements. Our coverage includes pre-IPO notes before the deal is launched, follow-up analysis once the deal is live and post-listing trading analysis as well.

Equity Capital Markets

SeedWorks International Ltd / Equity Capital Markets

<ul>
<li>
<a href="https://www.smartkarma.com/entities/seedworks-international-ltd" target="_blank" data-smartkarma-citation="entities:44395:1" rel="noopener">SeedWorks International Ltd (1441147D IN)</a>  (SIL) is planning to raise about US$115m in its upcoming India IPO. </li>
<li>SIL is a seed research and development organization engaged in the research, production, and marketing of hybrid seeds.</li>
<li>As per F&amp;S Report, in FY24, the company ranked 3rd in cotton seeds, 4th in hybrid rice and pearl millet seeds, in terms of volume of seeds sold in India. </li>
</ul>



SeedWorks International Ltd (1441147D IN)  (SIL) is planning to raise about US$115m in its upcoming India IPO. 
SIL is a seed research and development organization engaged in the research, production, and marketing of hybrid seeds.
As per F&amp;S Report, in FY24, the company ranked 3rd in cotton seeds, 4th in hybrid rice and pearl millet seeds, in terms of volume of seeds sold in India. 


SeedWorks International Ltd Pre-IPO - Sowing Seeds Amid Sluggish Bottomline

Thematic (Sector/Industry)

<ul>
<li>The Trump administration imposed a 26% reciprocal tariff on Indian shrimp exports, significantly impacting India's USD 4 billion shrimp export market, as India supplies 37% of U.S. shrimp imports.</li>
<li>Ecuador, benefiting from a lower tariff rate, gains a competitive edge, making its shrimp exports cheaper compared to India, allowing it to capture more market share in the U.S. market.</li>
<li>Companies like <a href="https://www.smartkarma.com/entities/avanti-feeds-ltd" target="_blank" data-smartkarma-citation="entities:19474:1" rel="noopener">Avanti Feeds (AVNT IN)</a> , <a href="https://www.smartkarma.com/entities/apex-frozen-foods-limited" target="_blank" data-smartkarma-citation="entities:44305:1" rel="noopener">Apex Frozen Foods (APEX IN)</a> and <a href="https://www.smartkarma.com/entities/waterbase-ltd" target="_blank" data-smartkarma-citation="entities:9571:1" rel="noopener">Waterbase Ltd (WB IN)</a> may face headwinds in raw shrimp export whereas tailwinds in prepared shrimp Exports. </li>
</ul>


The Trump administration imposed a 26% reciprocal tariff on Indian shrimp exports, significantly impacting India's USD 4 billion shrimp export market, as India supplies 37% of U.S. shrimp imports.
Ecuador, benefiting from a lower tariff rate, gains a competitive edge, making its shrimp exports cheaper compared to India, allowing it to capture more market share in the U.S. market.
Companies like Avanti Feeds (AVNT IN) , Apex Frozen Foods (APEX IN) and Waterbase Ltd (WB IN) may face headwinds in raw shrimp export whereas tailwinds in prepared shrimp Exports. 


How Trump's Tariffs Are Reshaping India's Shrimp Export Market?

<ul>
<li>The shrimp industry is recovering from a prolonged slump as Ecuador's production declines due to power cuts and drought, and India's adverse weather impacts yield.</li>
<li>India's shrimp exports, critical to its seafood trade, are poised to benefit from higher global prices, a recovery in Western demand, and favorable domestic production conditions.</li>
<li>Rising prices and demand create optimism for India's shrimp producers, but challenges like competition from Ecuador, cost pressures, and geopolitical risks remain. </li>
</ul>


The shrimp industry is recovering from a prolonged slump as Ecuador's production declines due to power cuts and drought, and India's adverse weather impacts yield.
India's shrimp exports, critical to its seafood trade, are poised to benefit from higher global prices, a recovery in Western demand, and favorable domestic production conditions.
Rising prices and demand create optimism for India's shrimp producers, but challenges like competition from Ecuador, cost pressures, and geopolitical risks remain. 


Thematic Report: Indian Shrimp Industry: Changing Fortunes

External broker reports(aggregated public sources), Geojit BNP Paribas

Geojit

External broker reports(aggregated public sources)

<p>Revenue/PAT to grow at 18%/23% CAGR over FY21-23E. We value AFL at FY23E P/E of 19x considering healthy growth &amp; RoE, and no debt. Revenue growth aided by healthy growth in feed volumes For Q4FY21, revenue grew by 6% YoY on account of 16%YoY growth in Feed segment while Exports de-grew by 23%YoY. Feed volumes improved by 14%YoY while export volumes declined by 19%YoY mainly due to disruption in marine logistics, weak demand, and recall of certain products sold in USA. As restaurants &amp; malls are reopening, demand is picking up which is supporting prices also.</p><div class="content-highlight"><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></div>

Revenue/PAT to grow at 18%/23% CAGR over FY21-23E. We value AFL at FY23E P/E of 19x considering healthy growth &amp; RoE, and no debt. Revenue growth aided by healthy growth in feed volumes For Q4FY21, revenue grew by 6% YoY on account of 16%YoY growth in Feed segment while Exports de-grew by 23%YoY. Feed volumes improved by 14%YoY while export volumes declined by 19%YoY mainly due to disruption in marine logistics, weak demand, and recall of certain products sold in USA. As restaurants &amp; malls are reopening, demand is picking up which is supporting prices also.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Avanti Feeds: Favourable Culture Conditions Provide Better Outlook

India

Avanti Feeds Ltd. manufactures and distributes shrimp feed. The Company also processes, packages, and exports shrimp throughout the world.

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Avanti Feeds (AVNT IN)

Shrimp Industry Shakeup: Ecuador Crisis Sparks Opportunities for Indian Seafood Companies

Ecuador's crisis affects global seafood supply, boosting India's shrimp industry amid challenges and caution from investors.

Nimish Maheshwari

SeedWorks International Ltd Pre-IPO - Sowing Seeds Amid Sluggish Bottomline

SeedWorks International Ltd is set to raise $115m in its India IPO, specializing in research, production, and marketing of hybrid seeds. Ranking...

Rosita Fernandes

How Trump's Tariffs Are Reshaping India's Shrimp Export Market?

Trump's 26% tariff on Indian shrimp boosts Ecuador's competitive edge in the US market, impacting India's $4 billion export industry.

Nimish Maheshwari

Thematic Report: Indian Shrimp Industry: Changing Fortunes

Global shrimp industry recovering from slump; India poised to benefit from higher prices and demand, but faces competition, cost pressures, and...

Nimish Maheshwari

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...

Geojit

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Shrimp Industry Shakeup: Ecuador Crisis Sparks Opportunities for Indian Seafood Companies

​Ecuador's crisis affects global seafood supply, boosting India's shrimp industry amid challenges and caution from investors.

Nimish Maheshwari

SeedWorks International Ltd Pre-IPO - Sowing Seeds Amid Sluggish Bottomline

​SeedWorks International Ltd is set to raise $115m in its India IPO, specializing in research, production, and marketing of hybrid seeds. Ranking...

Rosita Fernandes

How Trump's Tariffs Are Reshaping India's Shrimp Export Market?

​Trump's 26% tariff on Indian shrimp boosts Ecuador's competitive edge in the US market, impacting India's $4 billion export industry.

Nimish Maheshwari

Thematic Report: Indian Shrimp Industry: Changing Fortunes

​Global shrimp industry recovering from slump; India poised to benefit from higher prices and demand, but faces competition, cost pressures, and...

Nimish Maheshwari

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...

Geojit

Ecuador's crisis affects global seafood supply, boosting India's shrimp industry amid challenges and caution from investors.

SeedWorks International Ltd is set to raise $115m in its India IPO, specializing in research, production, and marketing of hybrid seeds. Ranking...

Trump's 26% tariff on Indian shrimp boosts Ecuador's competitive edge in the US market, impacting India's $4 billion export industry.

Global shrimp industry recovering from slump; India poised to benefit from higher prices and demand, but faces competition, cost pressures, and...