Avanti Feeds Ltd. is an integrated Indian seafood company engaged in producing scientifically formulated and nutritionally balanced water-stable international quality shrimp feed. It was established in 1993, with its headquarters in Hyderabad, Telangana. During FY 2021-2022, the company’s total revenue was Rs 5,117.63 crore, up 22.05% from the previous financial year, 2020-2021. On 14 October 2022, Avanti Feeds Ltd.’s market capitalisation stood at Rs 6,533 crore.
The company is listed on the Bombay Stock Exchange with the code 512573, and on the National Stock Exchange with the code AVANTIFEED.
Avanti Feeds Ltd. operates with a coherent supply chain and a farm-to-fork model in the segments of processed shrimp, shrimp hatchery, shrimp feed, and power. The company’s core fundamentals are research and development, innovation, sourcing, and sustainability. In 2009, Avanti Feeds Ltd. signed a joint venture with Thai Union, a global seafood leader. The long-standing association has led to the upgradation of Avanti’s quality systems and stressed the importance of research and development.
On 30 June 2022, the company’s shareholding pattern represented a 43.68% promoter stake, 14.02% FII stake, 11.45% DII stake, and 30.85% public stake. In the June 2022 quarter, mutual fund holdings increased from 8.05% to 8.59%, while FII/FPI holdings decreased from 15.16% to 14.02%.
The late Sri Alluri Venkateswara Rao was the company’s founder. Mr Alluri Indra Kumar is the current chairman and managing director. The other board members include Mr C Ramachandra Rao, Mr N Ram Prasad, Mr J V Ramudu, Mr Bunluesak Sorajjakit, Mr A Venkata Sanjeev, Mr V Narasi Reddy, Mr Karikal Valaven, Mr NVDS Raju, and Mrs K Kiranmayee. The company’s auditors are Tukaram & Co. LLP. As of 30 June 2022, the company reported a total of 13.62 crore shares outstanding.
The company’s share price closed at Rs 478.95 on BSE on 14 October 2022. On NSE, it closed at Rs 479.55. The 52-week high price for Avanti Feeds Ltd.’s share was Rs 638.80, and the 52-week low price was Rs 384.20. The company gave its investors a six-month return of -3.22% and a one-year return of -17.06%.
Avanti Feeds Ltd. belongs to the aquaculture sector, with Apex Frozen Foods Ltd., Coastal Trawlers Ltd., Waterbase Ltd., and Zeal Aqua Ltd. as its peers.
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