Bikaji Foods International Ltd

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

Bikaji Foods International Ltd

₹ 638 -0.17%
27 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 ₹ 16,015 Cr.
  • Current Price ₹ 638
  • High / Low ₹ 821 / 592
  • Stock P/E 61.3
  • Book Value ₹ 64.1
  • Dividend Yield 0.16 %
  • ROCE 19.7 %
  • ROE 17.5 %
  • Face Value ₹ 1.00
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Pros

  • Company has delivered good profit growth of 23.7% CAGR over last 5 years

Cons

  • Stock is trading at 9.95 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

Consolidated Figures in Rs. Crores / View Standalone

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
462 482 609 624 614 572 721 715 611 653 830 790 721
400 416 521 549 453 480 614 659 537 556 702 692 633
Operating Profit 62 66 88 75 161 92 107 55 74 96 128 98 88
OPM % 13% 14% 14% 12% 26% 16% 15% 8% 12% 15% 15% 12% 12%
5 6 6 6 12 7 8 8 10 10 8 11 18
Interest 3 2 3 3 3 3 3 4 5 5 5 4 4
Depreciation 12 13 16 16 15 18 19 21 25 23 24 24 24
Profit before tax 51 56 75 62 155 78 93 39 55 79 107 82 77
Tax % 26% 26% 20% 26% 25% 26% 26% 28% 27% 26% 28% 24% 28%
38 41 60 46 116 58 69 28 40 59 78 62 56
EPS in Rs 1.51 1.67 2.45 1.86 4.64 2.33 2.76 1.14 1.78 2.39 3.18 2.48 2.25
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
1,075 1,311 1,611 1,966 2,329 2,622 2,994
979 1,166 1,471 1,752 1,937 2,292 2,583
Operating Profit 96 145 140 214 392 330 411
OPM % 9% 11% 9% 11% 17% 13% 14%
8 11 10 23 27 32 47
Interest 6 3 7 11 11 16 18
Depreciation 34 33 38 49 60 82 95
Profit before tax 64 120 105 177 348 264 345
Tax % 11% 25% 28% 23% 24% 27% 26%
56 90 76 136 263 194 254
EPS in Rs 23.18 37.10 3.12 5.50 10.61 8.01 10.30
Dividend Payout % 9% 5% 3% 14% 9% 12% 12%
Compounded Sales Growth
10 Years: %
5 Years: 18%
3 Years: 15%
TTM: 14%
Compounded Profit Growth
10 Years: %
5 Years: 24%
3 Years: 24%
TTM: 30%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: 19%
1 Year: -13%
Return on Equity
10 Years: %
5 Years: 17%
3 Years: 19%
Last Year: 17%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 24 24 25 25 25 25 25
Reserves 505 581 796 931 1,193 1,358 1,582
54 87 160 170 166 231 299
94 124 122 146 145 313 333
Total Liabilities 677 817 1,102 1,271 1,530 1,927 2,240
407 423 511 661 812 986 1,034
CWIP 3 36 49 70 12 98 150
Investments 36 69 126 20 31 56 44
230 290 416 520 674 787 1,011
Total Assets 677 817 1,102 1,271 1,530 1,927 2,240

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
55 117 57 171 245 193 304
-58 -114 -232 -123 -199 -122 -289
-26 -9 169 -5 -54 -56 0
Net Cash Flow -29 -6 -5 43 -8 16 15
Free Cash Flow 14 43 -50 86 118 72 127
CFO/OP 69% 93% 70% 102% 82% 78% 97%

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 14 13 17 15 16 14 13
Inventory Days 22 26 27 21 20 22 22
Days Payable 8 20 16 14 14 14 12
Cash Conversion Cycle 27 20 28 21 22 22 23
Working Capital Days 7 -4 14 19 16 28 24
ROCE % 19% 13% 18% 29% 18% 20%

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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