Bikaji Foods International Ltd

Bikaji Foods Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Bikaji Foods International Ltd

₹ 650 1.92%
29 May - close price
bikaji.com BSE: 543653 NSE: BIKAJI
About

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]

Key Points

Leadership[1]
a) 3rd largest ethnic snacks company in India.
b) Largest manufacturer of Bikaneri Bhujia producing 35,588 tonnes annually.
c) 2nd largest manufacturer of handmade papad in India.
d) Market leader in family pack segment which represented ~63%of food products sale (9MFY26)

Website BSE NSE
  • Market Cap ₹ 16,299 Cr.
  • Current Price ₹ 650
  • High / Low ₹ 821 / 592
  • Stock P/E 59.0
  • Book Value ₹ 66.8
  • Dividend Yield 0.15 %
  • ROCE 22.0 %
  • ROE 17.8 %
  • Face Value ₹ 1.00
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Pros

  • Company has delivered good profit growth of 25.2% CAGR over last 5 years

Cons

  • Stock is trading at 9.74 times its book value

* 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

Fast Moving Consumer Goods Fast Moving Consumer Goods Food Products Packaged Foods

Part of BSE 500 BSE Fast Moving Consumer Goods Nifty 500 Nifty500 Shariah BSE 250 SmallCap Index

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
458 478 598 613 606 565 713 676 585 624 796 731 667
400 412 509 537 445 472 604 621 506 525 665 636 577
Operating Profit 58 66 89 76 161 93 109 56 79 99 130 95 91
OPM % 13% 14% 15% 12% 27% 16% 15% 8% 13% 16% 16% 13% 14%
5 6 6 6 11 7 8 7 7 8 0 10 14
Interest 2 2 2 2 2 2 2 3 3 3 4 3 2
Depreciation 10 13 15 15 15 17 17 18 18 18 18 18 19
Profit before tax 51 58 78 65 155 80 97 42 65 85 109 84 84
Tax % 28% 25% 22% 24% 25% 26% 26% 26% 25% 26% 29% 23% 24%
37 43 61 49 116 60 72 31 48 63 78 65 64
EPS in Rs 1.47 1.73 2.45 1.96 4.64 2.38 2.88 1.23 1.93 2.52 3.10 2.58 2.54
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
468 550 610 781 901 1,075 1,308 1,599 1,944 2,295 2,537 2,817
419 487 536 681 808 980 1,163 1,456 1,732 1,900 2,199 2,402
Operating Profit 49 63 73 100 93 94 145 142 212 395 338 415
OPM % 10% 11% 12% 13% 10% 9% 11% 9% 11% 17% 13% 15%
1 2 3 3 10 8 11 10 22 26 29 32
Interest -4 0 0 5 4 6 3 7 9 9 11 12
Depreciation 6 7 12 17 22 34 33 37 45 56 69 73
Profit before tax 48 58 64 82 76 62 120 109 181 356 286 362
Tax % 33% 29% 32% 36% 33% 11% 25% 27% 23% 24% 26% 26%
32 41 44 53 51 55 90 80 138 270 212 269
EPS in Rs 13.75 17.68 18.76 22.63 20.98 22.82 36.91 3.20 5.55 10.77 8.48 10.73
Dividend Payout % 15% 11% 11% 9% 10% 9% 5% 3% 14% 9% 12% 12%
Compounded Sales Growth
10 Years: 18%
5 Years: 17%
3 Years: 13%
TTM: 11%
Compounded Profit Growth
10 Years: 21%
5 Years: 25%
3 Years: 26%
TTM: 30%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: 19%
1 Year: -15%
Return on Equity
10 Years: 17%
5 Years: 18%
3 Years: 19%
Last Year: 18%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 23 23 23 23 24 24 24 25 25 25 25 25
Reserves 172 208 245 284 446 504 580 798 934 1,200 1,405 1,649
72 97 136 142 73 54 83 141 138 139 171 217
62 55 55 73 87 93 115 118 143 138 155 159
Total Liabilities 329 384 460 523 630 675 803 1,081 1,240 1,503 1,756 2,050
100 176 229 313 396 406 406 480 607 753 736 751
CWIP 84 83 86 47 13 3 33 48 70 12 94 147
Investments 10 2 2 3 3 36 87 146 41 60 185 238
135 124 143 160 218 230 277 407 523 677 741 914
Total Assets 329 384 460 523 630 675 803 1,081 1,240 1,503 1,756 2,050

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
54 34 37 78 64 51 121 60 177 243 213 294
-95 -74 -69 -63 -67 -54 -129 -220 -131 -207 -197 -311
87 41 32 -10 58 -26 2 157 -2 -45 -3 8
Net Cash Flow 47 2 -0 5 55 -29 -6 -4 43 -10 14 -9
Free Cash Flow -31 -48 -32 12 -9 12 51 -33 89 120 103 158
CFO/OP 141% 74% 69% 97% 92% 67% 96% 71% 105% 81% 82% 93%

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 12 15 17 16 16 14 13 17 16 18 14 14
Inventory Days 29 21 25 26 26 22 26 26 20 18 18 18
Days Payable 39 28 21 18 20 8 18 15 14 12 11 9
Cash Conversion Cycle 2 7 21 24 22 27 21 28 22 23 22 23
Working Capital Days -36 -16 -7 -28 4 7 -2 15 21 20 29 27
ROCE % 22% 20% 18% 21% 16% 12% 19% 14% 18% 30% 20% 22%

Insights

In beta
Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Bhujia Capacity Utilization
%

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Direct Reach (Direct Coverage Outlets)
Count
Total Installed Capacity
Metric Tonnes
Total Production/Sales Volume (Core Traditional & Western Snacks)
Metric Tonnes
Number of Retail Stores (THF and Bikaji)
Count
Total Reach (Overall Outlets)
Lacs
Water Intensity
KL/Ton

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
75.37% 75.21% 75.18% 75.10% 75.10% 74.98% 74.98% 74.92% 74.92% 73.92% 73.92% 73.88%
5.46% 7.02% 6.89% 7.66% 7.51% 7.48% 7.70% 7.33% 6.64% 6.34% 4.92% 4.68%
12.42% 13.55% 13.96% 13.51% 13.32% 12.78% 11.96% 12.21% 13.37% 14.77% 16.62% 17.28%
6.74% 4.22% 3.99% 3.72% 4.06% 4.76% 5.38% 5.57% 5.08% 4.97% 4.54% 4.15%
No. of Shareholders 75,17285,41186,93085,92792,0971,09,7801,42,5141,44,0001,33,5151,32,1151,19,9541,14,783

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Documents

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