Fundamental Analysis

AVT NATURAL PRODUCTS LIMITED 

Ticker : 519105 
BUY : Rs 58.80 
Target : Rs 72

AVT Natural is known as the leading manufacturer of plantbased extracts and natural ingredient solutions for food & beverage, animal nutrition as well as nutraceutical industries of the world. On the consolidated quarterly front, the company recorded net sales & operating income of Rs 129.64 crore for Q3FY21, which is an increase of 10.41 per cent from its net sales and operating income of Rs 117.42 crore reported for Q3FY20. The operating profit gained 16.84 per cent to reach Rs 27.34 crore in Q3FY21 from Rs 23.4 crore posted in Q3FY20. The net profit was reported at Rs 16.58 crore in Q3FY21 from Rs 12.87 crore in Q3FY21, recording gains of 28.84 per cent. The company’s foray into the global animal nutrition market is expected to bag rewards in the years to come. The company is also taking advantage of its knowledge in natural ingredients to introduce innovative and new ingredients into the market. Hence, we recommend a BUY.