Market Cap ₹13231 Cr.
Stock P/E 70.5
P/B 12.1
Current Price ₹528.5
Book Value ₹ 43.6
Face Value 1
52W High ₹605
Dividend Yield 0.14%
52W Low ₹ 364.3
Bikaji Foods International Ltd is a leading Indian snack and sweets company that was founded in 1987. The company produces a wide range of traditional Indian snacks and sweets such as bhujia, namkeen, papad, rasgulla, and gulab jamun. Bikaji Foods has a strong presence in India and exports its products to more than 30 countries around the world. The company has a state-of-the-art manufacturing facility and uses high-quality ingredients to ensure the freshness and taste of its products. Bikaji Foods has won numerous awards and recognition for its quality and innovation in the food industry. The company is committed to providing customers with delicious and authentic Indian snacks and sweets, and continues to expand its product range to cater to changing consumer preferences.
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PE falls below X
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| #(Fig in Cr.) | Sep 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 438 | 439 | 400 | 419 | 577 | 508 | 462 | 482 | 609 | 624 |
| Other Income | 2 | 2 | 6 | 5 | 6 | 12 | 5 | 6 | 6 | 6 |
| Total Income | 440 | 441 | 406 | 424 | 583 | 520 | 467 | 488 | 615 | 630 |
| Total Expenditure | 392 | 415 | 360 | 388 | 513 | 453 | 400 | 416 | 521 | 549 |
| Operating Profit | 48 | 27 | 46 | 35 | 70 | 67 | 66 | 71 | 94 | 81 |
| Interest | 2 | 1 | 2 | 3 | 3 | 3 | 3 | 2 | 3 | 3 |
| Depreciation | 9 | 10 | 11 | 11 | 11 | 13 | 12 | 13 | 16 | 16 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax | 37 | 16 | 33 | 22 | 56 | 52 | 51 | 56 | 75 | 62 |
| Provision for Tax | 9 | 5 | 9 | 6 | 15 | 12 | 13 | 14 | 15 | 16 |
| Profit After Tax | 29 | 11 | 24 | 16 | 41 | 40 | 38 | 41 | 60 | 46 |
| Adjustments | 0 | 0 | 1 | 1 | 1 | 1 | -1 | 0 | 1 | 1 |
| Profit After Adjustments | 29 | 11 | 25 | 16 | 42 | 41 | 38 | 42 | 61 | 47 |
| Adjusted Earnings Per Share | 1.2 | 0.4 | 1 | 0.7 | 1.7 | 1.6 | 1.5 | 1.7 | 2.4 | 1.9 |
| #(Fig in Cr.) | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM |
|---|---|---|---|---|---|---|
| Net Sales | 901 | 1075 | 1311 | 1611 | 1966 | 2177 |
| Other Income | 9 | 8 | 11 | 10 | 15 | 23 |
| Total Income | 911 | 1083 | 1322 | 1621 | 1981 | 2200 |
| Total Expenditure | 808 | 980 | 1166 | 1471 | 1752 | 1886 |
| Operating Profit | 103 | 103 | 157 | 151 | 229 | 312 |
| Interest | 4 | 5 | 3 | 7 | 11 | 11 |
| Depreciation | 23 | 34 | 33 | 38 | 47 | 57 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax | 76 | 64 | 120 | 105 | 171 | 244 |
| Provision for Tax | 25 | 7 | 30 | 29 | 44 | 58 |
| Profit After Tax | 51 | 56 | 90 | 76 | 127 | 185 |
| Adjustments | 0 | 0 | -0 | 2 | 2 | 1 |
| Profit After Adjustments | 51 | 56 | 90 | 78 | 129 | 188 |
| Adjusted Earnings Per Share | 2.1 | 2.3 | 3.7 | 3.1 | 5.2 | 7.5 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | 22% | 22% | 0% | 0% |
| Operating Profit CAGR | 52% | 31% | 0% | 0% |
| PAT CAGR | 67% | 31% | 0% | 0% |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Share Price CAGR | 43% | NA% | NA% | NA% |
| ROE Average | 14% | 14% | 13% | 13% |
| ROCE Average | 18% | 17% | 16% | 16% |
| #(Fig in Cr.) | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 |
|---|---|---|---|---|---|
| Shareholder's Funds | 470 | 529 | 606 | 821 | 954 |
| Minority's Interest | 0 | 0 | 2 | -0 | -1 |
| Borrowings | 34 | 17 | 14 | 41 | 47 |
| Other Non-Current Liabilities | 60 | 105 | 100 | 175 | 175 |
| Total Current Liabilities | 86 | 93 | 183 | 190 | 272 |
| Total Liabilities | 650 | 743 | 905 | 1227 | 1446 |
| Fixed Assets | 394 | 402 | 419 | 507 | 656 |
| Other Non-Current Assets | 62 | 139 | 229 | 378 | 322 |
| Total Current Assets | 194 | 203 | 257 | 343 | 468 |
| Total Assets | 650 | 743 | 905 | 1227 | 1446 |
| #(Fig in Cr.) | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 |
|---|---|---|---|---|---|
| Opening Cash & Cash Equivalents | 0 | 17 | -17 | -23 | -28 |
| Cash Flow from Operating Activities | 69 | 55 | 122 | 57 | 176 |
| Cash Flow from Investing Activities | -92 | -58 | -119 | -232 | -128 |
| Cash Flow from Financing Activities | 40 | -31 | -9 | 169 | -5 |
| Net Cash Inflow / Outflow | 17 | -34 | -6 | -5 | 43 |
| Closing Cash & Cash Equivalent | 17 | -17 | -23 | -28 | 15 |
| # | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 |
|---|---|---|---|---|---|
| Earnings Per Share (Rs) | 2.09 | 2.32 | 3.71 | 3.12 | 5.15 |
| CEPS(Rs) | 3.03 | 3.73 | 5.08 | 4.58 | 6.96 |
| DPS(Rs) | 0.2 | 0.2 | 0.2 | 0.3 | 0.75 |
| Book NAV/Share(Rs) | 19.32 | 21.76 | 24.91 | 32.79 | 37.77 |
| Core EBITDA Margin(%) | 10.28 | 8.76 | 10.97 | 8.36 | 10.4 |
| EBIT Margin(%) | 8.8 | 6.38 | 9.33 | 6.7 | 8.83 |
| Pre Tax Margin(%) | 8.34 | 5.87 | 9.08 | 6.27 | 8.28 |
| PAT Margin (%) | 5.6 | 5.2 | 6.83 | 4.54 | 6.14 |
| Cash Profit Margin (%) | 8.1 | 8.36 | 9.33 | 6.83 | 8.43 |
| ROA(%) | 7.84 | 8.09 | 10.96 | 7.13 | 9.47 |
| ROE(%) | 10.84 | 11.29 | 15.92 | 10.68 | 14.38 |
| ROCE(%) | 14.76 | 12.31 | 19.39 | 13.58 | 17.66 |
| Receivable days | 15.64 | 13.59 | 12.28 | 13.14 | 13.51 |
| Inventory Days | 15.38 | 12.6 | 12.87 | 14.13 | 13.4 |
| Payable days | 20.22 | 12.87 | 13.14 | 15.68 | 14.65 |
| PER(x) | 0 | 0 | 0 | 0 | 70.29 |
| Price/Book(x) | 0 | 0 | 0 | 0 | 9.59 |
| Dividend Yield(%) | 0 | 0 | 0 | 0 | 0.21 |
| EV/Net Sales(x) | 0 | -0.01 | 0.02 | 0.05 | 4.62 |
| EV/Core EBITDA(x) | 0 | -0.11 | 0.15 | 0.5 | 39.68 |
| Net Sales Growth(%) | 0 | 19.21 | 21.98 | 22.9 | 22.04 |
| EBIT Growth(%) | 0 | -13.6 | 78.56 | -9.06 | 61.98 |
| PAT Growth(%) | 0 | 10.69 | 60.25 | -15.84 | 66.52 |
| EPS Growth(%) | 0 | 10.69 | 60.02 | -15.79 | 64.9 |
| Debt/Equity(x) | 0.15 | 0.1 | 0.14 | 0.17 | 0.15 |
| Current Ratio(x) | 2.24 | 2.19 | 1.4 | 1.8 | 1.72 |
| Quick Ratio(x) | 1.8 | 2.34 | 1.12 | 1.44 | 1.44 |
| Interest Cover(x) | 19.2 | 12.58 | 37.02 | 15.48 | 16.23 |
| Total Debt/Mcap(x) | 0 | 0 | 0 | 0 | 0.02 |
| # | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 |
|---|---|---|---|---|---|---|
| Promoter | 75.97 | 75.97 | 75.37 | 75.21 | 75.18 | 75.1 |
| FII | 3.71 | 3.45 | 5.47 | 7.02 | 6.89 | 7.66 |
| DII | 9.9 | 10.56 | 12.42 | 13.55 | 13.96 | 13.51 |
| Public | 10.42 | 10.02 | 6.75 | 4.22 | 3.98 | 3.73 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 | 100 |
| # | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 |
|---|---|---|---|---|---|---|
| Promoter | 18.95 | 18.95 | 18.8 | 18.8 | 18.8 | 18.8 |
| FII | 0.93 | 0.86 | 1.36 | 1.75 | 1.72 | 1.92 |
| DII | 2.47 | 2.64 | 3.1 | 3.39 | 3.49 | 3.38 |
| Public | 2.6 | 2.5 | 1.68 | 1.05 | 0.99 | 0.93 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 24.95 | 24.95 | 24.95 | 25 | 25.01 | 25.04 |
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