33,212% Bumper Return; After Budget This Share Target Is ₹610 And ₹714; Hold
The rise in shares is due to the Budget Speech of Finance Minister Nirmala Sitharam. In her budget address, the Minister of Finance stated that exports of seafood had doubled from 2014.
The PM Matsya Yojana also gave a boost to inland and aquaculture. Zeel Aqua Limited shares rose by up to 10 percent.
Shares Of Avanti Feeds Rose By More Than 9%
The shares of Avanti Feeds Limited increased by 9.39 percent on Thursday to Rs 570.10.
Shares of the company closed at Rs 521.15 Wednesday. The shares of Avanti Feeds have risen by more than 26.03 percent over the last month. The share has given 33,212.88% returns so far.
Apex Frozen Foods shares rose by 7.5 percent to Rs 272.90. Zeal Aqua Limited shares have also increased by 10 percent to Rs 12.38.
After the Budget, this Share price is expected to rise and may reach the price Target of ₹610 And ₹714.
Seafood Exports Doubled
In her budget speech, Finance Minister Nirmala Sitharaman stated that our government had created a separate fisheries department to assist the fishermen.
This has led to a doubled production in both aquaculture and inland agriculture. In addition, exports of seafood have doubled since 2013-14.
He also said that five integrated aquaparks would be built. Shortly, exports of seafood will also be doubled up to Rs 1 lakh crore.
The PM Matsya Yojana, which creates 55 lakh jobs, will also be strengthened.
About Avanti Feeds Ltd
Avanti Feeds Limited is the most reputable exporter of shrimp in India and has a shrimp hatchery. They supply shrimp and shrimp feed for shrimp farms across India.
Avanti Feeds has, to its credit, been a pioneer in service for more than two decades in the development of shrimp culture processing, exports, and processing through the most advanced food products for fish, and shrimp & processing facilities.
Avanti Feeds Limited stands as the leading supplier of top-quality feed, the highest level of technical support for farmers, and can meet the quality requirements of the global shrimp market.
Avanti can boast of its large number of satisfied customers from the USA, Europe, Japan, Australia & Middle East.
Fundamental Analysis of Avanti Feeds Ltd
| Market Cap | ₹ 7,398 Cr. |
| Current Price | ₹ 543 |
| 52-wk High | ₹ 599 |
| 52-wk Low | ₹ 321 |
| Stock P/E | 21.7 |
| Book Value | ₹ 161 |
| Dividend | 1.15 % |
| ROCE | 18.3 % |
| ROE | 13.4 % |
| Face Value | ₹ 1.00 |
| P/B Value | 3.38 |
| OPM | 8.85 % |
| EPS | ₹ 24.7 |
| Debt | ₹ 10.1 Cr. |
| Debt to Equity | 0.00 |
Avanti Feeds Ltd Share Price Target 2024 To 2030
| Year | 1st Target | 2nd Target |
| 2024 | ₹ 545 | ₹ 620 |
| 2025 | ₹ 625 | ₹ 710 |
| 2026 | ₹ 740 | ₹ 853 |
| 2027 | ₹ 860 | ₹ 930 |
| 2028 | ₹ 1100 | ₹ 1500 |
| 2029 | ₹ 1650 | ₹ 1760 |
| 2030 | ₹ 1800 | ₹ 1860 |
Avanti Feeds Ltd Shareholding Pattern
| Promoters Holding | |
| Dec 2022 | 43.28% |
| Mar 2023 | 43.28% |
| June 2023 | 43.28% |
| Sept 2023 | 43.28% |
| Dec 2023 | 43.28% |
| FII Holding | |
| Dec 2022 | 12.67% |
| Mar 2023 | 12.71% |
| June 2023 | 13.06% |
| Sept 2023 | 13.50% |
| Dec 2023 | 13.47% |
| DII Holding | |
| Dec 2022 | 8.75% |
| Mar 2023 | 9.54% |
| June 2023 | 9.08% |
| Sept 2023 | 8.81% |
| Dec 2023 | 8.64% |
| Govt. Holding | |
| Dec 2022 | 2.72% |
| Mar 2023 | 2.72% |
| June 2023 | 2.72% |
| Sept 2023 | 2.72% |
| Dec 2023 | 2.72% |
| Public Holding | |
| Dec 2022 | 32.57% |
| Mar 2023 | 31.73% |
| June 2023 | 31.87% |
| Sept 2023 | 31.70% |
| Dec 2023 | 31.88% |
Avanti Feeds Ltd Share: Last 5 Years’ Financial Condition
To gain a better understanding of how the market is performing, let’s look at the outlook of this share in the previous years.
However, investors should be aware of the risks and the market conditions before making any investment decision.
Last 5 Years’ Sales:
| 2019 | ₹ 3,488 Cr |
| 2020 | ₹ 4,115 Cr |
| 2021 | ₹ 4,101 Cr |
| 2022 | ₹ 5,036 Cr |
| 2023 | ₹ 5,028 Cr |
Last 5 Years’ Net Profit:
| 2019 | ₹ 307 Cr |
| 2020 | ₹ 386 Cr |
| 2021 | ₹ 397 Cr |
| 2022 | ₹ 245 Cr |
| 2023 | ₹ 370 Cr |
Last 5 Years’ Debt-To-Equity Ratio:
| 2019 | 0 |
| 2020 | 0 |
| 2021 | 0 |
| 2022 | 0 |
| 2023 | 0 |
Last 10 Years’ Profit Growth:
| 10 Years: | 25% |
| 5 Years: | -10% |
| 3 Years: | -8% |
| Current Year: | 33% |
Last 10 years’ Return on Equity (ROE):
| 10 Years: | 24% |
| 5 Years: | 18% |
| 3 Years: | 15% |
| Last Year: | 13% |
Sales Growth Over 10 Years:
| 10 Years: | 23% |
| 5 Years: | 8% |
| 3 Years: | 7% |
| Current Year: | -5% |
Conclusion
This article is a complete guide about Avanti Feeds Ltd Share.
These information and forecasts are based on our analysis, research, company fundamentals and history, experiences, and various technical analyses.
Also, We have talked in detail about the share’s future prospects and growth potential.
Hopefully, these informations will help you in your further investment.
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