Bikaji Foods International Ltd

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

Bikaji Foods International Ltd

₹ 682 3.15%
01 Apr 11:49 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 ₹ 17,092 Cr.
  • Current Price ₹ 682
  • High / Low ₹ 1,008 / 496
  • Stock P/E 63.1
  • Book Value ₹ 52.9
  • Dividend Yield 0.15 %
  • ROCE 28.7 %
  • ROE 24.3 %
  • Face Value ₹ 1.00
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Pros

Cons

  • Stock is trading at 12.9 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

Part of BSE 500 BSE SmallCap BSE Fast Moving Consumer Goods Nifty MidSmallcap 400 BSE Allcap

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024
439 400 419 577 508 462 482 609 624 614 572 721 715
415 360 388 513 453 400 416 521 549 453 481 614 659
Operating Profit 24 41 31 64 55 62 66 88 75 161 92 107 55
OPM % 6% 10% 7% 11% 11% 13% 14% 14% 12% 26% 16% 15% 8%
2 6 5 6 12 5 6 6 6 12 7 8 8
Interest 1 2 3 3 3 3 2 3 3 3 3 3 4
Depreciation 10 11 11 11 13 12 13 16 16 15 18 19 21
Profit before tax 16 33 22 56 52 51 56 75 62 155 78 93 39
Tax % 32% 27% 28% 27% 23% 26% 26% 20% 26% 25% 26% 26% 28%
11 24 16 41 40 38 41 60 46 116 58 69 28
EPS in Rs 0.45 1.00 0.65 1.66 1.63 1.51 1.67 2.45 1.86 4.64 2.34 2.76 1.14
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
1,075 1,311 1,611 1,966 2,329 2,623
979 1,166 1,471 1,752 1,937 2,208
Operating Profit 96 145 140 214 392 415
OPM % 9% 11% 9% 11% 17% 16%
8 11 10 23 27 35
Interest 6 3 7 11 11 13
Depreciation 34 33 38 49 60 72
Profit before tax 64 120 105 177 348 364
Tax % 11% 25% 28% 23% 24%
56 90 76 136 263 271
EPS in Rs 23.18 37.10 3.12 5.50 10.61 10.88
Dividend Payout % 9% 5% 3% 14% 9%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: 21%
TTM: 20%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 43%
TTM: 46%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: 33%
Return on Equity
10 Years: %
5 Years: %
3 Years: 18%
Last Year: 24%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 24 24 25 25 25 25
Reserves 505 581 796 931 1,193 1,300
54 87 160 170 166 219
94 124 122 146 145 299
Total Liabilities 677 817 1,102 1,271 1,530 1,843
407 423 511 661 812 876
CWIP 3 36 49 70 12 41
Investments 36 69 126 20 31 49
230 290 416 520 674 878
Total Assets 677 817 1,102 1,271 1,530 1,843

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
55 117 57 171 245
-58 -114 -232 -123 -199
-26 -9 169 -5 -54
Net Cash Flow -29 -6 -5 43 -8

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 14 13 17 15 16
Inventory Days 22 26 27 21 20
Days Payable 8 20 16 14 14
Cash Conversion Cycle 27 20 28 21 22
Working Capital Days 15 16 37 38 34
ROCE % 19% 13% 18% 29%

Shareholding Pattern

Numbers in percentages

Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024
75.97% 75.97% 75.37% 75.21% 75.18% 75.10% 75.10% 74.98% 74.98%
3.71% 3.45% 5.46% 7.02% 6.89% 7.66% 7.51% 7.48% 7.70%
9.90% 10.57% 12.42% 13.55% 13.96% 13.51% 13.32% 12.78% 11.96%
10.42% 10.03% 6.74% 4.22% 3.99% 3.72% 4.06% 4.76% 5.38%
No. of Shareholders 92,56183,14275,17285,41186,93085,92792,0971,09,7801,42,514

* 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