Bikaji Foods International Ltd

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

Bikaji Foods International Ltd

₹ 717 0.86%
25 Jun 11:41 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 ₹ 17,956 Cr.
  • Current Price ₹ 717
  • High / Low ₹ 1,008 / 520
  • Stock P/E 92.4
  • Book Value ₹ 55.2
  • Dividend Yield 0.14 %
  • ROCE 18.1 %
  • ROE 14.9 %
  • Face Value ₹ 1.00
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Pros

  • Company has delivered good profit growth of 27.9% CAGR over last 5 years

Cons

  • Stock is trading at 13.0 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

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
400 419 577 508 462 482 609 624 614 572 721 715 614
360 388 513 453 400 416 521 549 453 481 614 659 539
Operating Profit 41 31 64 55 62 66 88 75 161 92 107 55 74
OPM % 10% 7% 11% 11% 13% 14% 14% 12% 26% 16% 15% 8% 12%
6 5 6 12 5 6 6 6 12 7 8 8 10
Interest 2 3 3 3 3 2 3 3 3 3 3 4 5
Depreciation 11 11 11 13 12 13 16 16 15 18 19 21 25
Profit before tax 33 22 56 52 51 56 75 62 155 78 93 39 55
Tax % 27% 28% 27% 23% 26% 26% 20% 26% 25% 26% 26% 28% 27%
24 16 41 40 38 41 60 46 116 58 69 28 40
EPS in Rs 1.00 0.65 1.66 1.63 1.51 1.67 2.45 1.86 4.64 2.34 2.76 1.14 1.78
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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
1,075 1,311 1,611 1,966 2,329 2,622
979 1,166 1,471 1,752 1,937 2,294
Operating Profit 96 145 140 214 392 328
OPM % 9% 11% 9% 11% 17% 13%
8 11 10 23 27 33
Interest 6 3 7 11 11 15
Depreciation 34 33 38 49 60 82
Profit before tax 64 120 105 177 348 264
Tax % 11% 25% 28% 23% 24% 27%
56 90 76 136 263 194
EPS in Rs 23.18 37.10 3.12 5.50 10.61 8.01
Dividend Payout % 9% 5% 3% 14% 9% 12%
Compounded Sales Growth
10 Years: %
5 Years: 20%
3 Years: 18%
TTM: 13%
Compounded Profit Growth
10 Years: %
5 Years: 28%
3 Years: 37%
TTM: -26%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: -1%
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
94 124 122 146 145 323
Total Liabilities 677 817 1,102 1,271 1,530 1,937
407 423 511 661 812 989
CWIP 3 36 49 70 12 96
Investments 36 69 126 20 31 56
230 290 416 520 674 796
Total Assets 677 817 1,102 1,271 1,530 1,937

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 -131
-26 -9 169 -5 -54 -56
Net Cash Flow -29 -6 -5 43 -8 7

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 15 16 37 38 34 56
ROCE % 19% 13% 18% 29% 18%

Shareholding Pattern

Numbers in percentages

Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
75.97% 75.97% 75.37% 75.21% 75.18% 75.10% 75.10% 74.98% 74.98% 74.92%
3.71% 3.45% 5.46% 7.02% 6.89% 7.66% 7.51% 7.48% 7.70% 7.33%
9.90% 10.57% 12.42% 13.55% 13.96% 13.51% 13.32% 12.78% 11.96% 12.21%
10.42% 10.03% 6.74% 4.22% 3.99% 3.72% 4.06% 4.76% 5.38% 5.57%
No. of Shareholders 92,56183,14275,17285,41186,93085,92792,0971,09,7801,42,5141,44,000

* 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

Announcements

Annual reports

DRHP

Credit ratings

Concalls