Bikaji Foods International Ltd
Bikaji Foods International Limited is one of India's largest fast-moving consumer goods ("FMCG") brands. The company's product range includes six principal categories: bhujia, namkeen, packaged sweets, papad, western snacks as well as other snacks which primarily include gift packs (assortment), frozen food, mathri range, and cookies.[1]
- Market Cap ₹ 13,044 Cr.
- Current Price ₹ 521
- High / Low ₹ 606 / 358
- Stock P/E 68.0
- Book Value ₹ 42.0
- Dividend Yield 0.14 %
- ROCE 17.7 %
- ROE 14.4 %
- Face Value ₹ 1.00
Pros
- Company has delivered good profit growth of 18.9% CAGR over last 5 years
Cons
- Stock is trading at 12.4 times its book value
- Company has a low return on equity of 13.7% over last 3 years.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Sector: FMCG Industry: Food - Processing - Indian
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2006 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
61 | 400 | 468 | 550 | 610 | 781 | 901 | 1,075 | 1,308 | 1,599 | 1,944 | 2,147 | |
57 | 357 | 419 | 487 | 536 | 681 | 808 | 980 | 1,163 | 1,456 | 1,735 | 1,859 | |
Operating Profit | 4 | 43 | 49 | 63 | 73 | 100 | 93 | 94 | 145 | 142 | 209 | 288 |
OPM % | 6% | 11% | 10% | 11% | 12% | 13% | 10% | 9% | 11% | 9% | 11% | 13% |
-1 | 2 | 1 | 2 | 3 | 3 | 10 | 8 | 11 | 10 | 15 | 26 | |
Interest | 1 | 2 | -4 | 0 | 0 | 5 | 4 | 6 | 3 | 7 | 9 | 8 |
Depreciation | 1 | 4 | 6 | 7 | 12 | 17 | 22 | 34 | 33 | 37 | 42 | 51 |
Profit before tax | 1 | 39 | 48 | 58 | 64 | 82 | 76 | 62 | 120 | 109 | 173 | 254 |
Tax % | 19% | 36% | 33% | 29% | 32% | 36% | 33% | 11% | 25% | 27% | 26% | |
1 | 25 | 32 | 41 | 44 | 53 | 51 | 55 | 90 | 80 | 128 | 192 | |
EPS in Rs | 4.20 | 12.16 | 13.75 | 17.68 | 18.76 | 22.63 | 20.98 | 22.82 | 36.91 | 3.20 | 5.12 | 7.67 |
Dividend Payout % | 0% | 0% | 15% | 11% | 11% | 9% | 10% | 9% | 5% | 3% | 15% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 20% |
3 Years: | 22% |
TTM: | 14% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 19% |
3 Years: | 32% |
TTM: | 53% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
1 Year: | 42% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 13% |
3 Years: | 14% |
Last Year: | 14% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2006 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 2 | 20 | 23 | 23 | 23 | 23 | 24 | 24 | 24 | 25 | 25 | 25 |
Reserves | 17 | 61 | 172 | 208 | 245 | 284 | 446 | 504 | 580 | 798 | 930 | 1,026 |
12 | 46 | 72 | 97 | 136 | 142 | 73 | 54 | 83 | 141 | 138 | 180 | |
10 | 54 | 62 | 55 | 55 | 73 | 87 | 93 | 115 | 118 | 136 | 166 | |
Total Liabilities | 40 | 182 | 329 | 384 | 460 | 523 | 630 | 675 | 803 | 1,081 | 1,229 | 1,398 |
28 | 95 | 100 | 176 | 229 | 313 | 396 | 406 | 406 | 480 | 499 | 520 | |
CWIP | 0 | 12 | 84 | 83 | 86 | 47 | 13 | 3 | 33 | 48 | 64 | 102 |
Investments | 1 | 0 | 10 | 2 | 2 | 3 | 3 | 36 | 87 | 146 | 154 | 163 |
11 | 75 | 135 | 124 | 143 | 160 | 218 | 230 | 277 | 407 | 512 | 613 | |
Total Assets | 40 | 182 | 329 | 384 | 460 | 523 | 630 | 675 | 803 | 1,081 | 1,229 | 1,398 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2006 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|
27 | 54 | 34 | 37 | 78 | 64 | 51 | 121 | 60 | 173 | ||
-27 | -95 | -74 | -69 | -63 | -67 | -54 | -129 | -220 | -127 | ||
1 | 87 | 41 | 32 | -10 | 58 | -26 | 2 | 157 | -2 | ||
Net Cash Flow | 1 | 47 | 2 | -0 | 5 | 55 | -29 | -6 | -4 | 44 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2006 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 6 | 13 | 12 | 15 | 17 | 16 | 16 | 14 | 13 | 17 | 17 |
Inventory Days | 42 | 21 | 29 | 21 | 25 | 26 | 26 | 22 | 26 | 26 | 21 |
Days Payable | 34 | 43 | 39 | 28 | 21 | 18 | 20 | 8 | 18 | 15 | 15 |
Cash Conversion Cycle | 14 | -9 | 2 | 7 | 21 | 24 | 22 | 27 | 21 | 28 | 24 |
Working Capital Days | 6 | 8 | -18 | 9 | 23 | 7 | 15 | 15 | 17 | 38 | 38 |
ROCE % | 22% | 20% | 18% | 21% | 16% | 12% | 19% | 14% | 18% |
Documents
Announcements
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Compliances - Reg 40(10) - PCS Certificate For Transfer/Transmission/Transposition
12 Apr - PCS Certificate for the financial year ended on March 31, 2024.
- Compliance Certificate For The Financial Year Ended On March 31, 2024 8 Apr
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
5 Apr - Compliance Certificate under Reg 74(5) of SEBI (DP) Regulation, 2018 for the quarter ended on March 31, 2024.
- Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A 2 Apr
- Non Applicability Of Annual Disclosure Regarding Large Corp For Financial Year 2023-24 1 Apr
Concalls
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Feb 2024Transcript PPT
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Nov 2023Transcript PPT
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Aug 2023Transcript PPT
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May 2023Transcript PPT
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Jan 2023Transcript PPT
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Jan 2023TranscriptNotesPPT
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Dec 2022TranscriptNotesPPT
Leadership{# https://www.bseindia.com/xml-data/corpfiling/AttachHis/85c480fc-18c3-47aa-a8f8-a206c04e837b.pdf#page=7 #
1) 3rd largest ethnic snacks company in India.
2) Largest manufacturer of Bikaneri Bhujia producing 35,588 tonnes annually.
3) 2nd largest manufacturer of handmade papad in India.
4) Market leader in family pack segment which represented ~59%of food products sale (9MFY24)