Bikaji Foods International Ltd

Bikaji Foods International Ltd

₹ 514 -1.32%
22 Apr - close price
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{# https://www.bseindia.com/xml-data/corpfiling/AttachHis/85c480fc-18c3-47aa-a8f8-a206c04e837b.pdf#page=7 #
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)

  • Market Cap 12,875 Cr.
  • Current Price 514
  • High / Low 606 / 358
  • Stock P/E 69.6
  • Book Value 41.8
  • Dividend Yield 0.15 %
  • ROCE 17.3 %
  • ROE 14.3 %
  • Face Value 1.00

Pros

Cons

  • Stock is trading at 12.3 times its book value
  • Company has a low return on equity of 13.5% over last 3 years.

* 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

Sector: FMCG Industry: Food - Processing - Indian

Loading peers table ...

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
334 438 439 400 419 577 508 462 482 609 624
308 392 415 360 388 513 453 400 416 521 549
Operating Profit 26 46 24 41 31 64 55 62 66 88 75
OPM % 8% 10% 6% 10% 7% 11% 11% 13% 14% 14% 12%
3 2 2 6 5 6 12 5 6 6 6
Interest 2 2 1 2 3 3 3 3 2 3 3
Depreciation 9 9 10 11 11 11 13 12 13 16 16
Profit before tax 18 37 16 33 22 56 52 51 56 75 62
Tax % 32% 24% 32% 27% 28% 27% 23% 26% 26% 20% 26%
12 29 11 24 16 41 40 38 41 60 46
EPS in Rs 5.31 11.60 0.45 1.00 0.65 1.66 1.63 1.51 1.67 2.45 1.86
Raw PDF
Upcoming result date: 23 May 2024

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
1,075 1,311 1,611 1,966 2,177
979 1,166 1,471 1,752 1,887
Operating Profit 96 145 140 214 290
OPM % 9% 11% 9% 11% 13%
8 11 10 15 22
Interest 6 3 7 11 11
Depreciation 34 33 38 47 57
Profit before tax 64 120 105 171 245
Tax % 11% 25% 28% 26%
56 90 76 127 185
EPS in Rs 23.18 37.10 3.12 5.15 7.49
Dividend Payout % 9% 5% 3% 15%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: 22%
TTM: 14%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 31%
TTM: 53%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: 40%
Return on Equity
10 Years: %
5 Years: %
3 Years: 14%
Last Year: 14%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 24 24 25 25 25
Reserves 505 581 796 929 1,022
54 87 160 170 209
94 124 122 147 188
Total Liabilities 677 817 1,102 1,270 1,444
407 423 511 661 682
CWIP 3 36 49 70 113
Investments 36 69 126 20 21
230 290 416 520 629
Total Assets 677 817 1,102 1,270 1,444

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023
55 117 57 176
-58 -114 -232 -128
-26 -9 169 -5
Net Cash Flow -29 -6 -5 43

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 14 13 17 15
Inventory Days 22 26 27 24
Days Payable 8 20 16 16
Cash Conversion Cycle 27 20 28 22
Working Capital Days 15 16 37 38
ROCE % 19% 13% 17%

Shareholding Pattern

Numbers in percentages

Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
75.97% 75.97% 75.37% 75.21% 75.18% 75.10%
3.71% 3.45% 5.46% 7.02% 6.89% 7.66%
9.90% 10.57% 12.42% 13.55% 13.96% 13.51%
10.42% 10.03% 6.74% 4.22% 3.99% 3.72%
No. of Shareholders 92,56183,14275,17285,41186,93085,927

* 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.

Click on the line-items to see the names of individual entities.

Documents