can i buy this stock now please suggest me …i am new to this
Dear Madhuri, this is a beautiful place if you want to learn about stock investing concepts and how to identify good companies that are likely to increase your chances of beating the market. This is not the place to seek stock tips. There are other places on the internet which are more appropriate for those discussions such as MMB message board.
Going is still good for indian shrimp farmers.
Avanti today touches a new high of 1825.
Thanks a ton for this wonderful forum and specially Ayush Donald & team hyderabad.
Hats off.
Great ppt about the state of the shrimp industry.
âAquaculture, not the internet, represents the most promising investment opportunity of the 21st century.â
)- Peter Drucker, Nobel Laureate and Economist
With the current run up - markets are pricing a ton of positives in. Though there’s high probability of growth coming in the current year with all the added capacity, all of that is priced in and more.
The large trends being (1) the Indian Venmei Shrimp production growth, along with (2) Increase in global shrimp consumption are the tail winds. Another temporary tail wind being the (3) EMS causing huge shrimp prices; which is going to run out soon. The question is if (1) & (2) can power growth rates of > 20% CAGR in the absence of (3); How should one look at the size of opportunity for Avanti?
Thanks,
-Prasanna
Hi Rohit great call on 02-Sep. Any thoughts on future direction and/or targets?
Topline: 531cr. vs. 305cr.
PAT: 34cr. vs. 18.57cr.
Finance costs down 65%!
Domestic sales are up more than 100%
Exports are up by only 6-7%…so,the share of Domestic market has increased even further,making it more or less a play on Domestic consumption/
Half-yearly EPS of 65.84.I think,full year we can easily expect 140.
Disc.: A happy investor.
Where can I see the results Sagar ? Unable to see at either BSE or NSE…
Here is the link:
http://www.bseindia.com/corporates/anndet_new.aspx?newsid=707bb745-3d7c-495c-a450-ce3c7f9fc2de
Prashant/Varun,
I checked the results on the company website.On weekends like today,many cos. don’t post to the exchanges.
My analysis show that FY15 EPS would be between 132 to 144. If I consider min. PE of 20 and max PE of 25 by March 15 the price should be minimum 2640/- and max 3600/- by Mar 15.
Blue Sky Scenario: MFs and FIIs lap up the stock then it can go to PE of 30 giving max target of 4320
Disc: Biggest holding in portfolio
Q2 2015 VS Q2 2014.
Sales 531.67 cr versus 304.92 cr ( 74 % Growth)
Operating Profit 51.71 cr versus 29.08 crs (77% Growth)
Profit befor Tax 53.86 cr versus 28.13 crs (91 % Growth)
Net Profit 34.17 crs versus 18.57 crs (84 % Growth)
EPS 37.63 rs versus 20.54 rs (84 % Growth)
Concern: Trade receivables are 85.24 crs. which forms 20 % of total assets (437 cr).
Seems management seems to be aggressive in sales and Account receivable are increasing
Can anyone suggest whether it is a concern or not.
@Abishek: If you project the existing 75% sales growth continuing & EBITA margins of 8%, then one gets a EPS of 120 for FY15. Can you share how you project?
@Prasanna: Going by 75-76% they will close the year with 2000 crore sales. If you take minimum NPM of 6% (which seems achievable) you will come to EPS of 132. That is what avanti should do in minimum unless something unforseen happens.
Hi All,
Has anybody noticed this yet?
I think this might have caused the fall in share price of Avanti Feeds after touching 2100 despite very good result. this could be only temporary jitters and an opportunity to add more.
I wonder what would be the case for next 2 months as prawn consumption rate would be higher during Christmas holidays and well into winter.
Have heard recently that aprox 600 cr loss likely by South Gujarat based Prawns farm owner. Decease have been reported.
kunal
where did you pick this up from ? need sources please. Is it confirmed news or a rumour ?
The table below shows Statewise prawn farming quantities of 2012-13. I could not get 2013-14 numbers, as those are contained in members only sites. Gujarat's share is not significant (3.5%). The important question is: is this true or a rumor and if true has the disease spread outside Gujarat.
Area utilized and production of Tiger and L vannamei shrimp during 2012-13
|
Sl. No. |
State |
Area (Ha) |
Prod. (MT) |
Productivity |
|
1 |
West Bengal |
|
52,581 |
1.09 |
|
2 |
Orissa |
6,302 |
14,532 |
2.31 |
|
3 |
Andhra Pradesh |
36,123 |
159,083 |
4.4 |
|
4 |
Tamil Nadu |
7,804 |
25,815 |
3.31 |
|
5 |
Kerala |
12,917 |
5,175 |
0.4 |
|
6 |
Karnataka |
394 |
664 |
1.68 |
|
7 |
Goa |
31 |
63 |
2.05 |
|
8 |
Maharashtra |
1,486 |
3,513 |
2.36 |
|
9 |
Gujarat |
2,359 |
9,393 |
3.98 |
|
Total |
115,826 |
270,819 |
2.34 |
Source:http://www.aquaaquaria.com/about-mpeda-societies-aquaculture-production.html
News is confirmed. I have talked with farm owners in olpad, navsari area. White spotDeceaseis reported.
@Bomi I don’t know Gujarat’s current share in exports.