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Top 5 companies from the aquaculture sector in India

stock market
12 Apr 20246 mins readBy MOFSL

Introduction

As the world's third largest fish-producing nation, India contributes 8% to global production. India is also the fourth-largest exporter of fish and fisheries products. The sector saw a 26.73% growth in exports between FY 2021-22 and FY 2022-23. 

With the global demand for affordable protein sources on the rise, the fisheries and aquaculture sector has become a key sector in meeting this demand. This sector also provides livelihoods for over 30 million people in the country.

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​​​​​​​To promote the growth of the fisheries sector, the Ministry of Fisheries, Animal Husbandry, and Dairying launched the flagship scheme "Pradhan Mantri Matsya Sampada Yojana". This initiative aims to bring about a blue revolution by promoting sustainable and responsible development across India's fisheries sector. 

There has been an investment of Rs 20,050 crores over the past 5 years. This scheme will drive significant growth and transformation in all states and Union Territories of India.

Given the massive growth of this sector, you wouldn't want to miss out on the opportunity to buy shares from this sector. Here is a list of the top 5 shares that are outperforming in this sector. 

Zeal Aqua Ltd

Zeal Aqua Ltd is focused on prawn farming, development, and trading in Gujarat. It operates 160 farms across 300 hectares of land and specialises in aquaculture farming. They also trade in essential supplies like seeds, feed, and medicines required for shrimp farming. 

The company deals in non-antibiotic seafood and provides a variety of shrimp products. Zeal Aqua Ltd is the sole exporter of Black Tiger shrimp certified by the Aquaculture Stewardship Council and has established two shrimp brands in Japan, Navik and Patel.

Waterbase Ltd

Waterbase Ltd is a leading manufacturer and exporter of shrimp feed, prawn feed, and seafood processing machinery in India. As part of the KCT group, it operates FDA-listed and EU-approved processing plants.

They are also in the business of shrimp products like various frozen shrimp varieties and aquafeeds designed for different species. Its products are exported globally, with a strong presence in markets like Japan, Europe, and the United States.

Coastal Corporation Ltd

Coastal Corporation Ltd is an exporter of high-quality aquaculture seafood products. They specialise in sourcing, processing, and packaging shrimp for international markets. Certified by HACCP, BRC, and BAP, the company offers sea-caught and aquaculture shrimps in various forms, including raw or cooked in frozen blocks or IQF forms. 

Coastal Corporation's shrimp varieties, such as Black Tiger and Vannamei, are sold under various brand names like Coastal, Coastal Premium, and Coastal Gold and exported to countries such as the USA, Europe, and Japan.

Kings Infra Ventures Ltd

Kings Infra Ventures Ltd provides services across the aquaculture value chain. They specialise in aquaculture farming, seafood processing, and international trade of marine products. They also offer aquaculture consultancy and develop food-related infrastructure. 

Its services cover everything from broodstock to packaging and marketing, catering to both B2B and B2C segments. Kings Infra Ventures Ltd has a strong sales network across Europe, North America, Asia, and the Middle East. 

Apex Frozen Foods Ltd

Apex Frozen Foods Ltd is a leading producer and exporter of processed shrimp. The company's operations span across hatchery, farming, pre-processing, processing, and exporting of shrimp products. 

It primarily produces variants of processed white shrimp and black tiger shrimp, sold under customer-owned brands and its brands like Bay Fresh, Bay Harvest, and Bay Premium. Apex Frozen Foods manufactures ready-to-eat shrimp products, contributing significantly to its revenue stream.

The aquaculture sector is here to stay and here are the reasons why:

  • Fish is a rich source of protein and essential nutrients like omega-3 fats, making it a healthier alternative to red meat due to its lower fat content. 
  • Advancements in technology, such as using algae as a renewable fuel source, hold promise for cleaner and cheaper energy production. Algae fuel emits only water when burned, potentially revolutionising the energy sector. 
  • Fish farms contribute to increased food production and job creation, as maintaining and processing fish requires labour. By producing local seafood, fish farms reduce reliance on costly seafood imports, promoting trade balance and saving money while offering fresher and more affordable seafood options. 

In conclusion, investing in the aquaculture sector not only supports healthier food choices but also stimulates economic growth and sustainability. Investing in these stocks offers an opportunity to join the growing revolution in the seafood industry. Like other sectors, this one has the potential to yield significant returns, especially with government support. Now is the ideal time to invest in these stocks, given their promising potential for returns.

 

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Disclaimer: The stocks, companies, or financial instruments mentioned in this blog are for informational purposes only and should not be considered as investment recommendations. It is advised to consult with your financial advisor before making any investment decisions. Investment in securities markets are subject to market risks, read all the related documents carefully before investing. Investors are strongly encouraged to carefully read the risk disclosure documents prior to participating in market-related investments or trading activities. Due to the volatile nature of financial markets, no guarantees can be made regarding investment returns. Motilal Oswal Financial Services Ltd. does not offer any assured returns on market-linked securities. Please note that past performance of stocks or indices is not indicative of future results.
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