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 ₹ 17,977 Cr.
- Current Price ₹ 718
- High / Low ₹ 748 / 404
- Stock P/E 66.6
- Book Value ₹ 49.0
- Dividend Yield 0.14 %
- ROCE 29.6 %
- ROE 24.7 %
- Face Value ₹ 1.00
Pros
- Company has delivered good profit growth of 39.5% CAGR over last 5 years
Cons
- Stock is trading at 14.8 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
Sector: FMCG Industry: Food - Processing - Indian
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2006 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
61 | 400 | 468 | 550 | 610 | 781 | 901 | 1,075 | 1,308 | 1,599 | 1,944 | 2,295 | |
57 | 357 | 419 | 487 | 536 | 681 | 808 | 980 | 1,163 | 1,456 | 1,735 | 1,901 | |
Operating Profit | 4 | 43 | 49 | 63 | 73 | 100 | 93 | 94 | 145 | 142 | 209 | 394 |
OPM % | 6% | 11% | 10% | 11% | 12% | 13% | 10% | 9% | 11% | 9% | 11% | 17% |
-1 | 2 | 1 | 2 | 3 | 3 | 10 | 8 | 11 | 10 | 15 | 26 | |
Interest | 1 | 2 | -4 | 0 | 0 | 5 | 4 | 6 | 3 | 7 | 9 | 8 |
Depreciation | 1 | 4 | 6 | 7 | 12 | 17 | 22 | 34 | 33 | 37 | 42 | 56 |
Profit before tax | 1 | 39 | 48 | 58 | 64 | 82 | 76 | 62 | 120 | 109 | 173 | 356 |
Tax % | 19% | 36% | 33% | 29% | 32% | 36% | 33% | 11% | 25% | 27% | 26% | 24% |
1 | 25 | 32 | 41 | 44 | 53 | 51 | 55 | 90 | 80 | 128 | 270 | |
EPS in Rs | 4.20 | 12.16 | 13.75 | 17.68 | 18.76 | 22.63 | 20.98 | 22.82 | 36.91 | 3.20 | 5.12 | 10.77 |
Dividend Payout % | 0% | 0% | 15% | 11% | 11% | 9% | 10% | 9% | 5% | 3% | 15% | 9% |
Compounded Sales Growth | |
---|---|
10 Years: | 19% |
5 Years: | 21% |
3 Years: | 21% |
TTM: | 18% |
Compounded Profit Growth | |
---|---|
10 Years: | 27% |
5 Years: | 40% |
3 Years: | 44% |
TTM: | 112% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
1 Year: | 77% |
Return on Equity | |
---|---|
10 Years: | 17% |
5 Years: | 17% |
3 Years: | 18% |
Last Year: | 25% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2006 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 2 | 20 | 23 | 23 | 23 | 23 | 24 | 24 | 24 | 25 | 25 | 25 |
Reserves | 17 | 61 | 172 | 208 | 245 | 284 | 446 | 504 | 580 | 798 | 930 | 1,200 |
12 | 46 | 72 | 97 | 136 | 142 | 73 | 54 | 83 | 141 | 138 | 139 | |
10 | 54 | 62 | 55 | 55 | 73 | 87 | 93 | 115 | 118 | 136 | 138 | |
Total Liabilities | 40 | 182 | 329 | 384 | 460 | 523 | 630 | 675 | 803 | 1,081 | 1,229 | 1,503 |
28 | 95 | 100 | 176 | 229 | 313 | 396 | 406 | 406 | 480 | 499 | 753 | |
CWIP | 0 | 12 | 84 | 83 | 86 | 47 | 13 | 3 | 33 | 48 | 64 | 12 |
Investments | 1 | 0 | 10 | 2 | 2 | 3 | 3 | 36 | 87 | 146 | 154 | 60 |
11 | 75 | 135 | 124 | 143 | 160 | 218 | 230 | 277 | 407 | 512 | 677 | |
Total Assets | 40 | 182 | 329 | 384 | 460 | 523 | 630 | 675 | 803 | 1,081 | 1,229 | 1,503 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2006 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
27 | 54 | 34 | 37 | 78 | 64 | 51 | 121 | 60 | 173 | 243 | ||
-27 | -95 | -74 | -69 | -63 | -67 | -54 | -129 | -220 | -127 | -207 | ||
1 | 87 | 41 | 32 | -10 | 58 | -26 | 2 | 157 | -2 | -45 | ||
Net Cash Flow | 1 | 47 | 2 | -0 | 5 | 55 | -29 | -6 | -4 | 44 | -10 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2006 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 6 | 13 | 12 | 15 | 17 | 16 | 16 | 14 | 13 | 17 | 17 | 18 |
Inventory Days | 42 | 21 | 29 | 21 | 25 | 26 | 26 | 22 | 26 | 26 | 21 | 17 |
Days Payable | 34 | 43 | 39 | 28 | 21 | 18 | 20 | 8 | 18 | 15 | 15 | 12 |
Cash Conversion Cycle | 14 | -9 | 2 | 7 | 21 | 24 | 22 | 27 | 21 | 28 | 24 | 23 |
Working Capital Days | 6 | 8 | -18 | 9 | 23 | 7 | 15 | 15 | 17 | 38 | 38 | 35 |
ROCE % | 22% | 20% | 18% | 21% | 16% | 12% | 19% | 14% | 18% |
Documents
Announcements
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Announcement Under Regulation 30- Communication To Shareholders
1d - Communication to Shareholders- Intimation of Tax Deducted at Source on Final dividend for the Financial Year ended on March 31, 2024
- Board Meeting Intimation for Quarterly Results For The Quarter Ending On June 30, 2024 26 Jun
- Closure of Trading Window 26 Jun
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
25 Jun - Outcome of Analyst/Investor Meet held on June 25, 2024
- Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 20 Jun
Concalls
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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{# 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)