Bikaji Foods International Ltd logo

Bikaji Foods International Ltd

BIKAJI NSE

Key Fundamentals

SmallcapPackaged FoodsFood Products
Market Cap
₹15,358 Cr
Volatility
Moderate
P/E Ratio
56.36
EBITDA
₹462 Cr
Return on Equity
14.9%
Debt to Equity
0.13
Book Value
₹64.09
EPS
₹11.29
52W High
₹818.7
52W Low
₹592.55

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

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45 extracted metrics + investor summaries across FY15–FY26.

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Tapetide Score

Data-driven rating, 0–100. How it works →

Technical Indicators

Key Insights

Strengths

1
  • Company has delivered good profit growth of 25.2% CAGR over last 5 years

Weaknesses

1
  • Stock is trading at 9.19 times its book value

Growth Rate

Revenue Growth
14.96% ↗
Net Income Growth
31.00% ↗
Cash Flow Change
57.76% ↗
ROE
13.57% ↗
ROCE
13.68% ↗
EBITDA Margin (Avg.)
11.46% ↗

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 5d ago
AI opinion · based on fundamentals
Risk high

Bikaji Foods International Ltd is a Rs 15,452 crore market cap ethnic snacks company trading at a PE of 60x and PB of 9.52x. The company has delivered strong profit growth of 25% CAGR over 5 years with consistent ROE of 18-19%, but the stock has declined 15% over the past year while revenue growth has moderated to 11% TTM.

Bull Case 7
  • Strong compounded profit growth of 25% CAGR over the last 5 years, indicating improving margins and operational leverage
  • Consistent ROE maintained at 18-19% over the last 3-5 years, reflecting efficient capital allocation
  • Revenue CAGR of 17% over 5 years and 18% over 10 years demonstrates sustained demand for ethnic snack products
  • Profit growth of 29% TTM significantly outpaces revenue growth of 11% TTM, signaling meaningful margin expansion
  • Long-term compounded profit growth of 21% over 10 years shows the business model has scaled profitably over an extended period
  • 3-year stock CAGR of 8% despite recent correction suggests underlying value creation over medium-term horizons
  • Operates in the large and underpenetrated branded ethnic snacks category with 13% sales CAGR over 3 years indicating structural growth runway
Bear Case 8
  • Stock trades at 60x PE, a steep premium that leaves little room for execution missteps
  • Price-to-book ratio of 9.52x indicates the market is pricing in substantial future growth that may already be discounted
  • Stock has declined 15% over the past 1 year, underperforming broader markets and signaling potential de-rating concerns
  • TTM revenue growth has decelerated to 11% from the 5-year CAGR of 17%, suggesting a possible slowdown in topline momentum
  • Dividend yield of just 0.21% offers negligible income return to shareholders at current valuations
  • ROE has remained range-bound at 17-19% over 10 years with no visible improvement trend despite profit growth acceleration
  • 3-year sales CAGR of 13% is lower than the 5-year CAGR of 17%, indicating a decelerating growth trajectory on the topline
  • At 60x PE with 11% TTM revenue growth, the PEG ratio on sales growth basis appears elevated relative to near-term delivery

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

Anthropic anthropic claude-opus-4.6 18h ago
Positives 3
  • Q1 revenue up 12.5% YoY Aug 5

    Revenue rose 12.5% YoY to ₹7,343 mn in Q1FY27, driven by 7.7% volume growth and expansion in focus markets. EBITDA margin stood at 13.5%.

  • International expansion approved Aug 5

    Board approved international expansion into Nepal and UAE. Standalone net profit rose 2.2% YoY to ₹645.7 lakh for Q1FY27.

  • Final dividend of ₹1.25/share Jul 23

    Bikaji declared a final dividend of ₹1.25 per share for FY26. The 31st AGM is scheduled for August 20, 2026, via video conferencing.

Neutral 2
  • BRSR filed for FY26 Jul 23

    Bikaji filed its Business Responsibility and Sustainability Report for FY26, disclosing ESG metrics and assurance details.

  • Q1FY27 earnings call scheduled Jul 22

    Earnings call to discuss Q1FY27 results scheduled for August 06, 2026. Investors can join via dial-in or webcast.

TL;DR: Bikaji Foods delivered solid Q1FY27 results with 12.5% revenue growth underpinned by healthy 7.7% volume gains and steady margins at 13.5%. The company is pursuing international expansion into Nepal and UAE, signaling confidence in scaling beyond India. No material headwinds emerged this quarter, though modest 2.2% net profit growth suggests cost pressures may be limiting bottom-line expansion. The trend is positive with volume-led topline momentum and geographic diversification providing a runway for growth.

Quarterly Results

  Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
478
598
613
606
565
713
676
585
624
796
731
667
678
Expenses
412
509
537
445
472
604
621
506
525
665
636
577
579
Operating Profit
66
89
76
161
93
109
56
79
99
130
95
91
99
OPM %
14%
15%
12%
27%
16%
15%
8%
13%
16%
16%
13%
14%
15%
Other Income
6
6
6
11
7
8
7
7
8
0
10
14
11
Interest
2
2
2
2
2
2
3
3
3
4
3
2
3
Depreciation
13
15
15
15
17
17
18
18
18
18
18
19
19
PBT
58
78
65
155
80
97
42
65
85
109
84
84
87
Tax %
25%
22%
24%
25%
26%
26%
26%
25%
26%
29%
23%
24%
26%
Net Profit
43
61
49
116
60
72
31
48
63
78
65
64
65
EPS in Rs
1.73
2.45
1.96
4.64
2.38
2.88
1.23
1.93
2.52
3.1
2.58
2.54
2.58
Figures in ₹ Crores

Profit & Loss

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
468
550
610
781
901
1,075
1,308
1,599
1,944
2,295
2,541
2,817
2,872
Expenses
419
487
536
681
808
980
1,163
1,456
1,732
1,900
2,204
2,402
2,457
Operating Profit
49
63
73
100
93
94
145
142
212
395
337
415
415
OPM %
10%
11%
12%
13%
10%
9%
11%
9%
11%
17%
13%
15%
14%
Other Income
1
2
3
3
10
8
11
10
22
26
28
32
35
Interest
-4
0
0
5
4
6
3
7
9
9
11
12
12
Depreciation
6
7
12
17
22
34
33
37
45
56
70
73
74
PBT
48
58
64
82
76
62
120
109
181
356
282
362
364
Tax %
33%
29%
32%
36%
33%
11%
25%
27%
23%
24%
26%
26%
—
Net Profit
32
41
44
53
51
55
90
80
138
270
210
269
270
EPS in Rs
13.75
17.68
18.76
22.63
20.98
22.82
36.91
3.2
5.55
10.77
8.37
10.73
10.8
Div. Payout %
15%
11%
11%
9%
10%
9%
5%
3%
14%
9%
12%
12%
—
Figures in ₹ Crores

Balance Sheet

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
23
23
23
23
24
24
24
25
25
25
25
25
Reserves
172
208
245
284
446
504
580
798
934
1,200
1,397
1,649
Borrowings
72
97
136
142
73
54
83
141
138
139
177
217
Other Liabilities
62
55
55
73
87
93
115
118
143
138
154
159
Total Liabilities
329
384
460
523
630
675
803
1,081
1,240
1,503
1,753
2,050
Fixed Assets
100
176
229
313
396
406
406
480
607
753
756
751
CWIP
84
83
86
47
13
3
33
48
70
12
94
147
Investments
10
2
2
3
3
36
87
146
41
60
180
238
Other Assets
135
124
143
160
218
230
277
407
523
677
723
914
Total Assets
329
384
460
523
630
675
803
1,081
1,240
1,503
1,753
2,050
Figures in ₹ Crores

Cash Flow

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
54
34
37
78
64
51
121
60
177
243
214
294
Investing
-95
-74
-69
-63
-67
-54
-129
-220
-131
-207
-192
-311
Financing
87
41
32
-10
58
-26
2
157
-2
-45
-8
8
Net Cash Flow
47
2
0
5
55
-29
-6
-4
43
-10
14
-9
Free Cash Flow
-31
-48
-32
12
-9
12
51
-33
89
120
104
158
CFO/OP
141
74
69
97
92
67
96
71
105
81
82
93
Figures in ₹ Crores

Ratios

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
12
15
17
16
16
14
13
17
16
18
13
14
Inventory Days
29
21
25
26
26
22
26
26
20
18
21
21
Days Payable
39
28
21
18
20
8
18
15
14
12
12
10
Cash Conversion Cycle
2
7
21
24
22
27
21
28
22
23
22
25
Working Capital Days
-36
-16
-7
-28
4
7
-2
15
21
20
29
25
ROCE %
22%
20%
18%
21%
16%
12%
19%
14%
18%
30%
20%
22%

Shareholding Pattern

As of Jun 2026
Promoters 73.88%
DIIs 17.50%
FIIs 4.61%
Public 3.45%
Others 0.56%
Total 100.00%
  Feb 2022Nov 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters
77.97%
75.97%
75.97%
75.97%
75.37%
75.21%
75.18%
75.10%
75.10%
74.98%
74.98%
74.92%
74.92%
73.92%
73.92%
73.88%
73.88%
FIIs
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
7.66%
7.51%
7.48%
7.69%
7.32%
6.64%
6.34%
4.91%
4.68%
4.61%
DIIs
0.00%
7.21%
9.90%
7.32%
10.34%
13.55%
12.89%
13.51%
13.33%
12.78%
11.95%
12.20%
13.37%
14.76%
16.62%
17.28%
17.50%
Government
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
Public
0.00%
6.86%
3.23%
2.98%
2.88%
3.23%
3.22%
3.01%
3.28%
3.73%
4.35%
4.60%
4.14%
4.02%
3.66%
3.51%
3.45%
Others
22.03%
9.96%
10.91%
13.74%
11.41%
8.01%
8.71%
0.71%
0.78%
1.03%
1.02%
0.96%
0.94%
0.95%
0.88%
0.64%
0.56%
No. of Shareholders
210
2,11,120
92,561
83,142
75,172
85,411
86,930
85,927
92,097
1,09,780
1,42,514
1,44,000
1,33,515
1,32,115
1,19,954
1,14,783
1,11,049

Documents

Frequently Asked Questions about Bikaji Foods International Ltd

What does Bikaji Foods International Ltd do?
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), ...
Where is Bikaji Foods International Ltd (BIKAJI) listed?
Bikaji Foods International Ltd is listed on the Indian stock exchanges. It is listed on NSE: BIKAJI and BSE: 543653. You can view its live share price, financials, and ratios on Tapetide.
Which sector does Bikaji Foods International Ltd belong to?
Bikaji Foods International Ltd operates in the Food Products sector within the Packaged Foods industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of Bikaji Foods International Ltd?
Bikaji Foods International Ltd has a market capitalisation of approximately ₹15357.60 Cr. Based on this, it is classified as a Mid Cap stock.
What is the PE ratio of Bikaji Foods International Ltd?
The Price-to-Earnings (PE) ratio of Bikaji Foods International Ltd is 56.36. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of Bikaji Foods International Ltd?
Over the past 52 weeks, Bikaji Foods International Ltd has traded between a low of ₹592.55 and a high of ₹818.7. This range helps investors understand the stock's price volatility and recent trading levels.
Does Bikaji Foods International Ltd pay dividends?
Yes, Bikaji Foods International Ltd has a dividend yield of 0.20%. Dividend yield indicates the annual dividend income relative to the share price. A consistent dividend history can signal financial stability.
What is the Return on Equity (ROE) of Bikaji Foods International Ltd?
Bikaji Foods International Ltd has a Return on Equity (ROE) of 14.90%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research Bikaji Foods International Ltd on Tapetide?
On Tapetide, you can view Bikaji Foods International Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.

Company Information

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]

Website bikaji.com
CEO Mr. Shiv Ratan Agarwal
Employees 2,589
Listed 2022-11-16
Face Value ₹ 1
Issued Size 25,05,92,710

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