Avanti Feeds (AVANTIFEED)₹722.55−1.03%Animal Feed
In the Jun 2026 quarter (consolidated), Avanti Feeds reported sales of ₹1,901 Cr, up 18.4% from Jun 2025, and net profit of ₹116 Cr, down 37.6% year on year. For the year to Mar 2026, sales were ₹6,064 Cr and net profit ₹655 Cr.
Company filings, consolidated accounts; latest reported quarter Jun 2026
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,279 | 1,252 | 1,283 | 1,505 | 1,354 | 1,366 | 1,383 | 1,606 | 1,609 | 1,384 | 1,467 | 1,901 |
| Expenses | 1,188 | 1,160 | 1,157 | 1,349 | 1,223 | 1,208 | 1,209 | 1,397 | 1,419 | 1,212 | 1,306 | 1,798 |
| Operating Profit | 94.06 | 96.97 | 130 | 160 | 136 | 160 | 177 | 214 | 193 | 176 | 165 | 106 |
| OPM % | 7.0% | 7.9% | 9.9% | 10.9% | 9.9% | 11.9% | 12.9% | 12.9% | 12.0% | 13.0% | 10.9% | 6.0% |
| Other Income | 34.10 | 34.10 | 36.11 | 35.13 | 42.16 | 39.15 | 50.19 | 51.13 | 50.15 | 63.23 | 35.12 | 66.25 |
| Interest | 0.00 | 0.00 | 0.99 | 0.99 | 0.99 | 0.99 | 0.99 | 0.99 | 0.00 | 0.99 | 0.99 | 0.00 |
| Depreciation | 13.97 | 13.97 | 13.98 | 13.97 | 14.96 | 14.96 | 14.96 | 15.97 | 15.96 | 15.96 | 14.98 | 13.96 |
| Profit before tax | 113 | 116 | 152 | 181 | 163 | 185 | 212 | 250 | 228 | 223 | 184 | 158 |
| Tax % | 27.1% | 28.1% | 25.1% | 23.1% | 25.1% | 23.1% | 26.1% | 25.1% | 26.1% | 26.1% | 24.1% | 26.1% |
| Exceptional items | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | −8.03 | 0.00 |
| Net Profit | 82.79 | 82.78 | 113 | 138 | 121 | 141 | 156 | 185 | 169 | 162 | 139 | 116 |
| EPS (Rs) | 5.44 | 5.31 | 7.62 | 9.39 | 8.33 | 9.90 | 11.11 | 13.06 | 11.23 | 10.93 | 9.17 | 7.56 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,935 | 2,617 | 3,396 | 3,485 | 4,116 | 4,104 | 5,036 | 5,084 | 5,366 | 5,603 | 6,064 | 6,362 |
| Expenses | 1,709 | 2,292 | 2,715 | 3,087 | 3,671 | 3,650 | 4,733 | 4,707 | 4,920 | 4,982 | 5,326 | 5,735 |
| Operating Profit | 231 | 332 | 684 | 410 | 456 | 461 | 314 | 395 | 460 | 634 | 750 | 640 |
| OPM % | 12.0% | 12.9% | 20.0% | 12.0% | 11.0% | 11.0% | 6.0% | 8.0% | 8.9% | 10.9% | 11.9% | 10.1% |
| Other Income | 20.08 | 23.06 | 49.18 | 59.22 | 71.25 | 93.31 | 54.18 | 79.22 | 136 | 167 | 200 | 215 |
| Interest | 2.99 | 4.99 | 4.99 | 4.99 | 3.99 | 2.99 | 3.99 | 3.99 | 2.99 | 3.99 | 4.99 | 1.98 |
| Depreciation | 9.98 | 13.96 | 23.94 | 35.94 | 37.92 | 40.93 | 40.92 | 42.94 | 55.91 | 57.85 | 62.90 | 60.86 |
| Profit before tax | 239 | 338 | 707 | 429 | 487 | 512 | 325 | 429 | 539 | 739 | 883 | 792 |
| Tax % | 33.1% | 33.1% | 34.1% | 28.1% | 20.1% | 22.1% | 24.1% | 27.1% | 27.1% | 24.1% | 25.1% | — |
| Exceptional items | 4.01 | 1.01 | 4.01 | 15.04 | 7.02 | 41.11 | 8.02 | 12.04 | 23.07 | 42.15 | 53.18 | −8.03 |
| Net Profit | 158 | 225 | 465 | 306 | 385 | 396 | 244 | 311 | 393 | 555 | 655 | 585 |
| EPS (Rs) | 11.53 | 15.79 | 32.69 | 20.04 | 25.38 | 26.37 | 16.22 | 20.40 | 26.15 | 38.71 | 44.42 | 38.89 |
| Dividend payout % | 20.1% | 19.1% | 12.1% | 20.1% | 20.0% | 24.1% | 38.1% | 31.1% | 26.0% | 23.1% | 22.0% | — |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 9.01 | 9.01 | 9.02 | 8.99 | 14.00 | 14.00 | 13.99 | 14.00 | 13.99 | 14.01 | 14.01 | 13.99 |
| Reserves | 256 | 414 | 626 | 1,020 | 1,191 | 1,389 | 1,745 | 1,880 | 2,079 | 2,350 | 2,785 | 3,269 |
| Borrowings | 57.99 | 11.01 | 19.04 | 6.99 | 8.99 | 2.00 | 4.00 | 4.00 | 3.00 | 17.00 | 15.02 | 13.00 |
| Other Liabilities | 153 | 188 | 412 | 486 | 398 | 473 | 515 | 614 | 633 | 713 | 863 | 956 |
| Total Liabilities | 477 | 623 | 1,067 | 1,522 | 1,612 | 1,876 | 2,276 | 2,511 | 2,729 | 3,092 | 3,677 | 4,253 |
| Fixed Assets | 89.61 | 104 | 159 | 311 | 292 | 270 | 291 | 272 | 397 | 495 | 562 | 589 |
| CWIP | 0.00 | 41.90 | 93.82 | 1.99 | 8.98 | 25.94 | 5.99 | 39.94 | 33.91 | 8.98 | 29.92 | 20.96 |
| Investments | 111 | 32.88 | 359 | 582 | 628 | 678 | 1,231 | 927 | 1,001 | 743 | 870 | 1,257 |
| Other Assets | 277 | 444 | 454 | 628 | 683 | 903 | 749 | 1,272 | 1,297 | 1,846 | 2,216 | 2,386 |
| Inventories | 223 | 287 | 357 | 527 | 381 | 546 | 555 | 991 | 807 | 888 | 884 | 943 |
| Trade receivables | 33.99 | 34.95 | 22.99 | 49.93 | 48.92 | 88.98 | 66.93 | 114 | 122 | 143 | 140 | 144 |
| Cash & equivalents | 5.99 | 72.85 | 44.95 | 13.98 | 187 | 199 | 60.91 | 74.87 | 285 | 736 | 897 | 437 |
| Total Assets | 477 | 623 | 1,067 | 1,522 | 1,612 | 1,876 | 2,276 | 2,511 | 2,729 | 3,092 | 3,677 | 4,253 |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operating activity | 88.91 | 122 | 278 | 280 | 184 | 178 | 383 | −212 | 450 | 260 | 583 | 505 |
| Cash from investing activity | −83.92 | 17.98 | −407 | −269 | −26.94 | −78.95 | −366 | 299 | −417 | −218 | −485 | −384 |
| Cash from financing activity | −11.97 | −73.83 | 101 | −44.87 | −106 | −141 | 14.96 | −67.80 | −64.82 | −62.81 | −85.82 | −104 |
| Net cash flow | −6.02 | 66.19 | −30.11 | −34.11 | 51.16 | −42.17 | 31.13 | 18.07 | −32.11 | −21.08 | 14.04 | 16.05 |
| Capex | 16.02 | 67.02 | 92.11 | 80.07 | 25.03 | 35.02 | 75.99 | 55.07 | 160 | 131 | 153 | 81.02 |
| Free cash flow | 72.94 | 55.89 | 187 | 201 | 160 | 144 | 339 | −266 | 292 | 129 | 436 | 427 |
| CFO / OP % | 81.9% | 83.9% | 115.9% | 75.9% | 80.0% | 61.9% | 109.9% | −44.1% | 136.9% | 86.9% | 117.9% | 99.0% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor days | 8 | 8 | 4 | 6 | 6 | 9 | 7 | 9 | 10 | 11 | 10 | 10 |
| Inventory days | 59 | 68 | 63 | 79 | 51 | 61 | 63 | 85 | 71 | 75 | 75 | 79 |
| Days payable | 25 | 35 | 45 | 44 | 25 | 25 | 28 | 27 | 26 | 28 | 22 | 21 |
| Cash conversion cycle | 42 | 41 | 22 | 41 | 32 | 44 | 42 | 67 | 55 | 57 | 64 | 67 |
| Working capital days | 15 | 28 | 15 | 29 | 25 | 36 | 34 | 57 | 45 | 48 | 39 | 38 |
| ROCE % | 64.9% | 61.9% | 56.9% | 73.9% | 33.0% | 31.9% | 25.9% | 15.0% | 17.9% | 19.9% | 23.9% | 23.9% |
For the Jun 2026 quarter, Avanti Feeds reported sales of ₹1,901 Cr, up 18.4% year on year and net profit of ₹116 Cr, down 37.6% year on year. The operating margin was 6.0%.
Avanti Feeds' sales for the year to Mar 2026 were ₹6,064 Cr; over the last twelve months they were ₹6,362 Cr.
Net profit for the year to Mar 2026 was ₹655 Cr, and ₹585 Cr over the last twelve months. Earnings per share over the same trailing period were ₹38.89.
Avanti Feeds reported borrowings of ₹13 Cr at Mar 2026, against cash and equivalents of ₹437 Cr.
Cash from operations was ₹505 Cr in the year to Mar 2026; after capital spending, free cash flow was ₹427 Cr.