Avanti Feeds Limited (AVANTIFEED.NS) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

+83.3%

₹1,254.61

vs ₹684.40 price

Levered DCF

₹925.51

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

—

Rating

B-

Overall 2 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	26.44×	22.51×	19.15×	16.6×	25.36×	15.68×	11.57×	20.84×
P/B	4.88×	4.25×	2.89×	2.21×	2.96×	3.21×	2.86×	4.73×
P/S	2.64×	2.15×	1.29×	0.92×	1.13×	1.39×	0.99×	1.66×
EV / EBITDA	16.5×	14.88×	11.52×	9.78×	15.21×	10.16×	7.63×	12.15×
Gross margin	22.7%	20.1%	16.1%	15.6%	12.6%	18.7%	27.2%	28.8%
Operating margin	11.3%	10.4%	7.6%	7.0%	5.7%	10.4%	10.5%	11.2%
Net margin	10.0%	9.5%	6.7%	5.5%	4.4%	8.8%	8.6%	8.0%
Current ratio	5.58×	6.6×	7.15×	6.84×	5.78×	6.69×	5.75×	5.36×
Debt / equity	0×	0.01×	0.01×	0×	0×	0×	0×	0.01×
Interest coverage	248.68×	159.67×	145.23×	91.15×	77.42×	138.56×	100.94×	84.19×
Dividend yield	0.8%	0.8%	1.2%	1.8%	1.5%	0.0%	3.7%	1.7%
Payout ratio	20.6%	18.4%	23.8%	30.5%	38.9%	0.5%	42.9%	36.2%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	18.4%	18.9%	15.1%	13.3%	11.7%	20.4%	24.7%	22.7%
Return on invested capital	13.6%	13.5%	10.8%	10.8%	10.0%	16.4%	20.8%	19.5%
Return on assets	14.2%	14.4%	11.5%	10.2%	8.8%	15.8%	18.4%	16.9%
Free cash flow yield	3.0%	4.1%	1.9%	6.3%	-5.0%	5.4%	3.6%	2.8%
Earnings yield	3.8%	4.4%	5.2%	6.0%	3.9%	6.4%	8.6%	4.8%
Enterprise value	₹156B	₹118.8B	₹68.4B	₹45.9B	₹55.6B	₹56B	₹39.9B	₹56.5B
Net debt / EBITDA	-0.45×	-0.04×	0.01×	-0.07×	-0.17×	-0.08×	-0.03×	-0.1×
Cash conversion cycle (days)	63	50	58	54	67	41	49	37