Avanti Feeds Proffer S(hr)imply Amazing Returns Of 19,760% In 13 Years
An investment of ₹1 lakh in October 2010 in this Agro-based company would have reaped ₹1.97 crores today. Investors rejoice a good deed of 19,760% returns on this multibagger. Here is a sneak-peek at the Avanti Feed Ltd.
🦐 Stock Name: Avanti Feeds Ltd.
🦐 NSE: $AVANTIFEED
⭐ About The Company
Avanti Feeds is a leading provider of high-quality shrimp feed which delivers scientifically formulated and nutritionally well-balanced shrimp feed to farmers. Its highly equipped testing labs ensure the quality of feed and its technical teams assists farmers across India with good aquaculture practices, seed selection and seed quality analysis. This not only earned the trust of the country’s farming community but enabled it to secure a reputable clientele throughout the world.
🏭 Manufacturing Capabilities
The company has 5 shrimp feed processing units with a production capacity of 6,00,000 MT per annum. Meanwhile, Avanti Frozen has 2 frozen shrimp processing units which have a production capacity of 22,000 MT Per annum. It also owns a windmill project with a capacity of 3.2 MW and also has a stake in 2 associates which has a combined capacity of 33.2 MW.
🤝 Thai Group Union
It has a long-term technical and financial collaboration with the Thai Union Group (Thailand) which is a multinational conglomerate in the global seafood industry. Thai Union holds a 24.2% stake in Avanti Foods and it also holds a 40% stake in the company’s subsidiary, Avanti Frozen Foods Pvt. Ltd. through which it operates its shrimp processing business.
💰 Stock Value
On October 25, 2010, the shares of the company were trading at ₹2.30, while they were priced at ₹465.80 as of October 24, 2022