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 ₹ 18,377 Cr.
- Current Price ₹ 733
- High / Low ₹ 929 / 520
- Stock P/E 90.8
- Book Value ₹ 55.2
- Dividend Yield 0.14 %
- ROCE 18.2 %
- ROE 15.5 %
- Face Value ₹ 1.00
Pros
- Company has delivered good profit growth of 28.8% CAGR over last 5 years
Cons
- Stock is trading at 13.3 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.
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
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: | -15% |
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% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
24 Sep - Group Analysts/Institutional Investors meeting on Sep 24, 2025; virtual; investor presentation referenced.
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Board Meeting Intimation for To Approve The Unaudited Standalone And Consolidated Financial Results Of The Company For The Quarter And Half Year Ending On September 30, 2025
24 Sep - Board meeting on Nov 11, 2025 to approve unaudited Q2/H1 results ending Sept 30; trading window closed Oct 1.
- Closure of Trading Window 24 Sep
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
22 Sep - Plant visit and analysts/institutional investors meeting on September 22, 2025, Bikaner; presentations available; no UPSI.
- Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 16 Sep
Annual reports
Concalls
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Jul 2025Transcript PPT REC
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May 2025Transcript PPT REC
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Feb 2025Transcript PPT REC
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Oct 2024Transcript PPT
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Jul 2024Transcript PPT
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May 2024Transcript PPT
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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[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)