📊 AVANTI FEEDS – Financial Analysis

1. Revenue & Profit Trend Strong growth driven by shrimp feed and export demand Revenue has shown cyclical movement due to: Global shrimp prices Export demand (mainly US & China) Net profit margins historically healthy (8–15%), but volatile 👉 Key Insight: Business is export-linked + commodity cyclical 💰 2. Profitability Ratios ROE: ~20–30% (very strong historically) ROCE: Consistently above 20% EBITDA Margins: Moderate but stable 👉 Interpretation: Efficient capital allocation + strong operating performance 🏦 3. Balance Sheet Strength Debt: Almost negligible (debt-free company) Cash Reserves: Strong liquidity position Working Capital: Efficient but dependent on raw material cycle 👉 Insight: Financially very stable and low risk 📦 4. Business Segments Contribution Shrimp Feed (major revenue driver) Shrimp Processing & Export 👉 Risk Factor: Heavy dependence on aquaculture industry Avanti Feeds is a fundamentally strong but cyclical company. Best suited for: Cycle-based investing Long-term investors who understand commodity/export risks ⚖️ SEBI Disclaimer (INH000013174) Aashish (SEBI Registered Research Analyst – INH000013174): This analysis is for educational purposes only and should not be considered as investment advice. The securities discussed are subject to market risks. Investors are advised to do their own research or consult a certified financial advisor before making any investment decisions. Past performance is not indicative of future results.