Bikaji Foods International Ltd

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

Bikaji Foods International Ltd

₹ 774 0.56%
10 Sep 9:18 a.m.
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]
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)

Website BSE NSE
  • Market Cap ₹ 19,397 Cr.
  • Current Price ₹ 774
  • High / Low ₹ 1,008 / 520
  • Stock P/E 95.8
  • Book Value ₹ 55.2
  • Dividend Yield 0.13 %
  • ROCE 18.2 %
  • ROE 15.5 %
  • Face Value ₹ 1.00
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Pros

  • Company has delivered good profit growth of 28.8% CAGR over last 5 years

Cons

  • Stock is trading at 13.9 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 BSE SmallCap BSE Allcap

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025
419 577 508 462 482 609 624 614 572 721 715 611 653
388 513 453 400 416 521 549 453 480 614 659 537 556
Operating Profit 31 64 55 62 66 88 75 161 92 107 55 74 96
OPM % 7% 11% 11% 13% 14% 14% 12% 26% 16% 15% 8% 12% 15%
5 6 12 5 6 6 6 12 7 8 8 10 10
Interest 3 3 3 3 2 3 3 3 3 3 4 5 5
Depreciation 11 11 13 12 13 16 16 15 18 19 21 25 23
Profit before tax 22 56 52 51 56 75 62 155 78 93 39 55 79
Tax % 28% 27% 23% 26% 26% 20% 26% 25% 26% 26% 28% 27% 26%
16 41 40 38 41 60 46 116 58 69 28 40 59
EPS in Rs 0.65 1.66 1.63 1.51 1.67 2.45 1.86 4.64 2.33 2.76 1.14 1.78 2.39
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
1,075 1,311 1,611 1,966 2,329 2,622 2,700
979 1,166 1,471 1,752 1,937 2,292 2,367
Operating Profit 96 145 140 214 392 330 333
OPM % 9% 11% 9% 11% 17% 13% 12%
8 11 10 23 27 32 36
Interest 6 3 7 11 11 16 17
Depreciation 34 33 38 49 60 82 87
Profit before tax 64 120 105 177 348 264 265
Tax % 11% 25% 28% 23% 24% 27%
56 90 76 136 263 194 195
EPS in Rs 23.18 37.10 3.12 5.50 10.61 8.01 8.07
Dividend Payout % 9% 5% 3% 14% 9% 12%
Compounded Sales Growth
10 Years: %
5 Years: 20%
3 Years: 18%
TTM: 12%
Compounded Profit Growth
10 Years: %
5 Years: 29%
3 Years: 37%
TTM: -28%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: -11%
Return on Equity
10 Years: %
5 Years: 17%
3 Years: 18%
Last Year: 15%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 24 24 25 25 25 25
Reserves 505 581 796 931 1,193 1,358
54 87 160 170 166 231
94 124 122 146 145 313
Total Liabilities 677 817 1,102 1,271 1,530 1,927
407 423 511 661 812 986
CWIP 3 36 49 70 12 98
Investments 36 69 126 20 31 56
230 290 416 520 674 787
Total Assets 677 817 1,102 1,271 1,530 1,927

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
55 117 57 171 245 193
-58 -114 -232 -123 -199 -122
-26 -9 169 -5 -54 -56
Net Cash Flow -29 -6 -5 43 -8 16

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 14 13 17 15 16 14
Inventory Days 22 26 27 21 20 22
Days Payable 8 20 16 14 14 14
Cash Conversion Cycle 27 20 28 21 22 22
Working Capital Days 7 -4 14 19 16 28
ROCE % 19% 13% 18% 29% 18%

Shareholding Pattern

Numbers in percentages

7 Recently
Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025
75.97% 75.97% 75.37% 75.21% 75.18% 75.10% 75.10% 74.98% 74.98% 74.92% 74.92%
3.71% 3.45% 5.46% 7.02% 6.89% 7.66% 7.51% 7.48% 7.70% 7.33% 6.64%
9.90% 10.57% 12.42% 13.55% 13.96% 13.51% 13.32% 12.78% 11.96% 12.21% 13.37%
10.42% 10.03% 6.74% 4.22% 3.99% 3.72% 4.06% 4.76% 5.38% 5.57% 5.08%
No. of Shareholders 92,56183,14275,17285,41186,93085,92792,0971,09,7801,42,5141,44,0001,33,515

* 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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