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Bikaji Foods International Ltd

₹ 698-0.41%
03 Dec – close price
🔗bikaji.com•BSE: 543653•NSE: BIKAJI
Market Cap₹ 17,486 Cr.
Current Price₹ 698
High / Low₹ 864
Stock P/E77.1
Book Value₹ 61.4
Dividend Yield0.14 %
ROCE20.1 %
ROE16.0 %
Face Value₹ 1.00
Sales₹ 2,680 Cr.
OPM13.6 %
Mar Cap₹ 17,486 Cr.

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)

Also present in buckets:
Asset Base ExpansionCapacity Expansion And ProductsLarge Order ReceiptsJv Partnerships Acquisitions

Peer Comparision

S.No.NameCurrent Price (Rs.)Price to EarningMarket Capitalization (Rs.Cr.)Dividend yield (%)Net Profit latest quarter (Rs.Cr.)YOY Quarterly profit growth (%)Sales latest quarter (Rs.Cr.)YOY Quarterly sales growth (%)Return on capital employed (%)Sales (Rs.Cr.)OPM (%)Profit after tax (Rs.Cr.)Profit after tax latest quarter (Rs.Cr.)Price to book valueReturn on assets (%)Debt to equity
1.Nestle India1241.9079.99239477.361.09753.20-1.885643.6110.5795.6621023.3822.972993.97753.2052.4727.100.10
2.Britannia Inds.5824.5060.55140293.741.29655.0623.124840.633.7152.9918487.6518.102316.83654.4737.5824.520.59
3.Bikaji Foods697.8077.0617486.360.1477.6017.26795.5411.5420.102680.1113.56226.9384.5211.3613.060.16
4.Zydus Wellness419.7047.4213353.210.29-52.80-256.82650.5031.976.162886.4013.28281.58-24.622.345.270.53
5.Bombay Burmah1882.5011.7713134.560.90565.97-4.854942.833.8235.5218858.4717.691115.85240.842.1017.900.39
6.Mrs Bectors1291.2058.187927.730.4636.51-6.24551.4211.1118.141962.5712.46136.2636.516.5210.730.15
7.Gopal Snacks328.00161.634087.610.3025.69-65.84375.66-6.7016.311408.894.0425.299.879.428.450.15
–Median: 25 Co.250.8552.81558.20.053.6217.26162.6111.5416.31602.058.0523.263.623.718.450.25

Quarterly Results

Standalone figures in ₹ crores

Dec 2022Dec 2023Dec 2024Jun 2023Jun 2024Jun 2025Mar 2023Mar 2024Mar 2025Sep 2022Sep 2023Sep 2024Sep 2025
Sales
503613676478565624458606585570598713796
Expenses
452537621412472525400445506505509604665
Operating Profit
51765666939958161796589109130
Other Income
126767851176680
Profit before tax
4965425880855115565587897109
Tax %
23%24%26%25%26%26%28%25%25%26%22%26%29%
Net Profit
384931436063371164843617278
EPS in Rs
1.511.961.231.732.382.521.474.641.931.742.452.883.10

Profit & Loss

Standalone Figures in ₹ Crores / Yearly

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales
4004685506107819011,0751,3081,5991,9442,2952,5372,680
Expenses
3574194875366818089801,1631,4561,7321,9002,1992,317
Operating Profit
434963731009394145142212395338363
Other Income
21233108111022262922
Interest
2-4-0-054637991113
Depreciation
46712172234333745566971
Profit before tax
39485864827662120109181356286301
Net Profit
253241445351559080138270212220
EPS in Rs
12.1613.7517.6818.7622.6320.9822.8236.913.205.5510.778.488.78
Dividend Payout %
-0%15%11%11%9%10%9%5%3%14%9%12%–

Compounded Profit Growth

10 Years:21%
5 Years:31%
3 Years:39%
TTM:-24%

Compounded Sales Growth

10 Years:18%
5 Years:19%
3 Years:17%
TTM:7%

Return on Equity

10 Years:17%
5 Years:17%
3 Years:19%
Last Year:16%

Stock Price CAGR

10 Years:%
5 Years:%
3 Years:21%
1 Year:-12%

Balance Sheet

Standalone figures in ₹ crores

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital
20232323232424242525252525
Reserves
611722082452844465045807989341,2001,4051,514
Borrowings
467297136142735483141138139171241
Other Liabilities
54625555738793115118143138155210
Total Liabilities
1823293844605236306758031,0811,2401,5031,7561,990
Fixed Assets
95100176229313396406406480607753736737
Gross Block
109.06120.93202.34267.79367.31472.00515.69546.55657.60816.561,005.171,041.29–
Accumulated Depreciation
14.3520.7526.6738.3354.5576.28110.08140.48177.73209.72251.77304.91–
CWIP
12848386471333348701294120
Investments
010223336871464160185188
Other Assets
75135124143160218230277407523677741945
Total Assets
1823293844605236306758031,0811,2401,5031,7561,990

Cash Flows

Standalone Figures in ₹ Crores / Yearly

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity
2754343778645112160177243213
Cash from Investing Activity
-27-95-74-69-63-67-54-129-220-131-207-197
Cash from Financing Activity
1874132-1058-262157-2-45-3
Net Cash Flow
1472-0555-29-6-443-1014

Ratios

Standalone Figures in ₹ Crores / Yearly

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days
131215171616141317161814
Inventory Days
212921252626222626201818
Days Payable
43392821182081815141211
Cash Conversion Cycle
-927212422272128222322
Working Capital Days
-10-36-16-7-2847-215212029
ROCE %
–22%20%18%21%16%12%19%14%18%30%20%

Shareholding Pattern

Numbers in percentages

Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
Promoters
75.97%75.97%75.37%75.21%75.18%75.10%75.10%74.98%74.98%74.92%74.92%73.92%
FIIs
3.71%3.45%5.46%7.02%6.89%7.66%7.51%7.48%7.70%7.33%6.64%6.34%
DIIs
9.90%10.57%12.42%13.55%13.96%13.51%13.32%12.78%11.96%12.21%13.37%14.77%
Public
10.42%10.03%6.74%4.22%3.99%3.72%4.06%4.76%5.38%5.57%5.08%4.97%

* The classifications might have changed from Sep'2022 onwards.ℹ️

BSE Announcements AI Summary

Direct from BSE filings, auto-summarised

Indian Market Overview: Global Cues, Economic Data, and Corporate Snippets on December 3, 2025

3rd December 2025, 12:00 AM

Bikaji Foods International Invests Additional $250,000 in US Subsidiary for Market Expansion

2nd December 2025, 4:27 PM

Bikaji Foods Q2 FY26 Earnings Call: Robust Revenue Growth Amidst GST Transition, Strategic Acquisitions Approved

18th November 2025, 3:21 PM

Bikaji Foods International Incorporates Wholly-Owned Non-Profit Subsidiary 'BIKAJI FOUNDATION'

14th November 2025, 4:37 PM

Bikaji Foods International: Q2 FY26 Earnings Call Link Shared; Reports 15.2% YoY Revenue Growth and Strategic Approvals

12th November 2025, 4:01 PM

Published by Other Websites

External media mentions & references

Bikaji Foods targets mid-teens revenue growth with steady margins

4th December 2025, 10:29 AM

Stocks to watch on Dec 3: RPP Infra LOA, Bikaji US investment, India Cements divestment; big bulk deals in Bajaj Housing Finance, Rallis India

3rd December 2025, 1:43 AM

Bikaji Foods International invests additional Rs 2.24 crore in subsidiary Bikaji Foods International USA | DETAILS

2nd December 2025, 3:57 PM

Analysts expect snack maker Bikaji Foods to maintain growth momentum in H2

13th November 2025, 5:57 AM

Stocks to Watch today: Bajaj Finserv, Biocon, BSE, Groww, TMCV, Tata Power

12th November 2025, 2:54 AM

News Articles

Editorial & research coverage

Bikaji Foods targets mid-teens revenue growth with steady margins
Bikaji Foods targets mid-teens revenue growth with steady margins

4th December 2025, 10:29 AM

Analysts expect snack maker Bikaji Foods to maintain growth momentum in H2
Analysts expect snack maker Bikaji Foods to maintain growth momentum in H2

13th November 2025, 5:57 AM

Stocks to Watch today: Bajaj Finserv, Biocon, BSE, Groww, TMCV, Tata Power
Stocks to Watch today: Bajaj Finserv, Biocon, BSE, Groww, TMCV, Tata Power

12th November 2025, 2:54 AM

Bikaji Foods to invest $5 lakh in US subsidiary
Bikaji Foods to invest $5 lakh in US subsidiary

11th November 2025, 12:40 PM

Stocks to Watch Today: Glenmark Pharma, Alkem Labs, Syrma SGS, Vikran Engineering, Ather Energy, Jindal Stainless, Vodafone, Baazar Style in focus on 11 November
Stocks to Watch Today: Glenmark Pharma, Alkem Labs, Syrma SGS, Vikran Engineering, Ather Energy, Jindal Stainless, Vodafone, Baazar Style in focus on 11 November

11th November 2025, 2:07 AM

Documents

Announcements

Announcement under Regulation 30 (LODR)-Acquisition

1d - Subscribed 25,000 shares ($250,000) in Bikaji USA on December 2, 2025; no shareholding change.

Announcement under Regulation 30 (LODR)-Earnings Call Transcript

18 Nov - Earnings Call Transcript for the Earnings Conference Call held on November 12, 2025

Announcement under Regulation 30 (LODR)-Updates on Acquisition

14 Nov - BIKAJI FOUNDATION Section 8 incorporated Oct 9, 2025; certificate Nov 14, 2025; 100% BFIL-owned.

Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome

12 Nov - Audio link of earnings conference call for quarter and half year ended Sept 30, 2025, held Nov 12, 2025.

Announcement under Regulation 30 (LODR)-Newspaper Publication

Annual Reports

Financial Year 2025

(from bse)

Financial Year 2024

(from bse)

Financial Year 2023

(from bse)

Credit Ratings

Rating update

25 Aug from icra

Rating update

23 Apr from brickwork

Rating update

25 Jan 2024 from brickwork

Rating update

26 Jul 2023 from brickwork

Rating update

23 Feb 2023 from icra

Rating update

16 May 2022 from brickwork

Concalls

Nov 2025

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