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📢Focus Sector in Interim Budget 2024: Seafood
📢The Finance Minister has announced that India aims to double its seafood exports to INR 1 trillion 💰
🦐7 Companies involved in seafood processing that should catch the attention of every investor.
✍️Avanti Feeds Ltd.:
🔹The company manufactures and sells shrimp feed, and exports processed shrimp.
🔹The company offers Raw Shrimp, Value-Added Shrimp, and Cooked Shrimp, with a production capacity of 22,000 metric tons (MT).
🔶Key Metrics:
🔹M Cap: ₹7,479 Cr
🔹P/E: 22
🔹CMP: ₹549
🔹ROCE: 18.3%
🔹OPM: 8.85%
🔹3 Years Sales Growth: 7.32%
✍️Apex Frozen Foods Ltd.:
🔹The company is one of the leading producers and exporters of processed shrimp, manufactures ready-to-eat shrimp products.
🔹The company produces various processed variants of White shrimp and Black Tiger shrimp.
🔶Key Metrics:
🔹M Cap: ₹834 Cr
🔹P/E: 53
🔹CMP: ₹267
🔹ROCE: 10.6%
🔹OPM: 6.14%
🔹3 Years Sales Growth: 8.97%
✍️Coastal Corporation Ltd.:
🔹The company is engaged in processing and export of frozen aqua and seafood products, mainly shrimps.
🔹The company offers a range of shrimp products, both sea-caught and aquaculture, in various forms including raw, cooked, value-added.
🔶Key Metrics:
🔹M Cap: ₹425 Cr
🔹P/E: -413.1
🔹CMP: ₹319
🔹ROCE: 5.48%
🔹OPM: 5.98%
🔹3 Years Sales Growth: -16.4%
✍️Kings Infra Ventures Ltd.:
🔹The company is engaged in sea food processing business.
🔹The company has a production capacity of 320 MTPA after sourcing the stock from the farmers.
🔶Key Metrics:
🔹M Cap: ₹489 Cr
🔹P/E: 62
🔹CMP: ₹208
🔹ROCE: 17.6%
🔹OPM: 17.8%
🔹3 Years Sales Growth: 22.4%
✍️Waterbase Ltd.:
🔹The company is involved in manufacturing and selling shrimp feeds, shrimp aquaculture, and shrimp hatchery operations.
🔹The company has expanded its product range by introducing the Baylife brand for farm care products and frozen seafood products.
🔶Key Metrics:
🔹M Cap: ₹373 Cr
🔹P/E: -63.9
🔹CMP: ₹90
🔹ROCE: -1.47%
🔹OPM: 0.66%
🔹3 Years Sales Growth: -2.17%
✍️Sharat Industries Ltd.:
🔹It is a fully integrated aquaculture company involved in shrimp hatchery, farming, shrimp feed manufacturing, shrimp processing, and cold storage.
🔹The company produces a wide range of raw and cooked frozen-shrimp and also sells shrimp feed.
🔶Key Metrics:
🔹M Cap: ₹146 Cr
🔹P/E: 21.6
🔹CMP: ₹60.9
🔹ROCE: 11.1%
🔹OPM: 6.51%
🔹3 Years Sales Growth: 18.6%
✍️Zeal Aqua Ltd.:
🔹The company offers a variety of shrimp options (Easy Peel, Peeled and Deveined, Head ON, Head Less, Peeled and Deveined Tail ON) and fishes such as Tilapia and Basa (Pangasius).
🔹In Japan, the company has two shrimp brands, namely Navik and Patel.
🔶Key Metrics:
🔹M Cap: ₹156 Cr
🔹P/E: 24
🔹CMP: ₹12.4
🔹ROCE: 11.1%
🔹OPM: 4.61%
🔹3 Years Sales Growth: 14.9%
⚡️Disclaimer: The above data is for recommendation. The analysis has been done for educational and learning purpose only. We are not Sebi - Registered. Please Advice your financial Advisory before Investing.
🙏
-REGARDS-
Kirthee Bane
