Bikaji Foods International Ltd
BIKAJIBikaji Foods International Ltd
BIKAJI


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Key Metrics
No LabelNo Label | PB RatioPB Ratio | Dividend YieldDiv. Yield |
---|---|---|
58.68 | 13.15 | 0.16% |
Sector PESector PE | Sector PBSector PB | Sector Div YldSctr Div Yld |
---|---|---|
48.65 | 9.63 | 1.53% |
Forecast & Ratings
Detailed Forecast from 6 analysts
Price
Price Upside
Earnings
Earnings Growth
Revenue
Rev. Growth
Company Profile
Bikaji Foods International Ltd is a fast-moving consumer goods (FMCG) company. The Company’s product lines include bhujia, namkeen, papad, snacks, and sweets.
Investor Presentation
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Forecasts
Price
Revenue
Earnings
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Revenue Forecast
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Earnings Per Share Forecast
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Income
Balance Sheet
Cash Flow
Income Statement
Financial Year | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | TTM | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Total Revenue | 1,988.85 | 1,082.90 | 1,322.21 | 1,621.45 | 1,988.84 | 2,356.67 | 2,657.27 | |||||||
Raw Materials | 1,752.88 | 616.08 | 791.75 | 1,001.24 | 1,395.52 | 1,510.30 | 2,207.69 | |||||||
Power & Fuel Cost | 34.34 | 35.72 | 49.26 | 60.08 | 55.02 | |||||||||
Employee Cost | 64.61 | 69.88 | 90.07 | 103.88 | 116.73 | |||||||||
Selling & Administrative Expenses | 102.27 | 86.76 | 119.42 | 144.78 | 188.88 | |||||||||
Operating & Other expenses | 162.28 | 181.54 | 210.87 | 48.01 | 66.42 | |||||||||
EBITDA | 235.97 | 103.32 | 156.56 | 150.59 | 236.57 | 419.32 | 449.58 | |||||||
Depreciation/Amortization | 48.51 | 34.20 | 33.12 | 38.33 | 48.51 | 60.06 | 72.36 | |||||||
PBIT | 187.46 | 69.12 | 123.44 | 112.26 | 188.06 | 359.26 | 377.22 | |||||||
Interest & Other Items | 10.60 | 5.50 | 3.34 | 7.25 | 11.20 | 11.31 | 12.81 | |||||||
PBT | 176.86 | 63.62 | 120.10 | 105.01 | 176.86 | 347.95 | 364.41 | |||||||
Taxes & Other Items | 39.70 | 7.27 | 29.91 | 27.06 | 39.70 | 82.24 | 91.90 | |||||||
Net Income | 137.16 | 56.35 | 90.19 | 77.95 | 137.16 | 265.71 | 272.51 | |||||||
EPS | 5.50 | 2.32 | 3.71 | 3.16 | 5.50 | 10.65 | 10.92 | |||||||
DPS | — | 0.20 | 0.20 | 0.10 | 0.75 | 1.00 | 1.00 | |||||||
Payout ratio | 0.00 | 0.09 | 0.05 | 0.03 | 0.14 | 0.09 | 0.09 |
Company Updates
Investor Presentation
Peers & Comparison
Consumer StaplesFMCG - Foods
Valuation
Technical
Forecast
Stock | PE RatioPE Ratio | PB RatioPB Ratio | Div. YieldDividend Yield |
---|---|---|---|
Bikaji Foods International Ltd | 60.18 | 13.15 | 0.16% |
Nestle India Ltd | 54.45 | 64.10 | 1.45% |
Britannia Industries Ltd | 55.27 | 29.82 | 1.50% |
Vishal Mega Mart Ltd | 109.69 | 9.01 | — |
Price Comparison
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Promoter Holdings Trend
Total Promoter Holding
In last 6 months, promoter holding in the company has almost stayed constant
Low Pledged Promoter Holding
Pledged promoter holdings is insignificant
Institutional Holdings Trend
Total Retail Holding
In last 3 months, retail holding in the company has almost stayed constant
Foreign Institutional Holding
In last 3 months, foreign institutional holding of the company has almost stayed constant
Shareholding Pattern
Mar 2024
Jun 2024
Sep 2024
Dec 2024
Shareholding History
Mutual Funds Holding Trend
Mutual Fund Holding
In last 3 months, mutual fund holding of the company has almost stayed constant
Top 5 Mutual Funds holding Bikaji Foods International Ltd
Funds (Top 5) | The rupee value of the stock held by the fund divided by the stock’s market cap Market-cap held | Percentage of the fund’s portfolio invested in the stock Weight | Change in the portfolio weight of the stock over the last 3 months 3M holding change | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months Portfolio rank(3M change) |
---|---|---|---|---|
The rupee value of the stock held by the fund divided by the stock’s market cap 4.8631% | Percentage of the fund’s portfolio invested in the stock 3.09% | Change in the portfolio weight of the stock over the last 3 months -0.24% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 6/98 (0) | |
The rupee value of the stock held by the fund divided by the stock’s market cap 0.8576% | Percentage of the fund’s portfolio invested in the stock 1.19% | Change in the portfolio weight of the stock over the last 3 months -0.20% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 64/105 (-6) | |
The rupee value of the stock held by the fund divided by the stock’s market cap 0.5696% | Percentage of the fund’s portfolio invested in the stock 3.68% | Change in the portfolio weight of the stock over the last 3 months -0.34% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 8/44 (-2) |
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Events
Dividend Trend
No Trend In Dividends
BIKAJI has shown inconsistent dividend trend over the last 5 years
Dividend Yield
Current dividend yield is 0.16%. An investment of ₹1,000 in the stock is expected to generate dividend of ₹1.56 every year
Dividends
Corp. Actions
Announcements
Legal Orders
Upcoming Dividends
No upcoming dividends are available
Past Dividends
Cash Dividend
Ex DateEx DateJun 14, 2024
Dividend/Share
₹1.00
Ex DateEx Date
Jun 14, 2024
Cash Dividend
Ex DateEx DateJun 8, 2023
Dividend/Share
₹0.75
Ex DateEx Date
Jun 8, 2023
However, total revenue from operations grew by 14.5% year on year (YoY) to Rs 714.90 crore in the quarter ended 31 December 2024. Volume growth was at 3% YoY in the third quarter of FY25. Profit before tax declined 38.1% to Rs 38.52 crore in Q3 FY25 as against Rs 62.18 crore recorded in Q3 FY24. EBITDA for Q3 FY25 decreased by 26% to Rs 55.5 crore, compared to Rs 75 crore in Q3 FY24. The EBITDA margin also saw a decline, dropping to 7.8% in Q3 FY25 from 12% in Q3 FY24. This decrease was primarily due to strong inflationary pressures and unfavorable raw material prices. The company's revenue from ethnic snacks grew by 10.5% year-on-year (YoY), accounting for 62.1% of total revenue. Revenue from packaged sweets increased by 11.2% YoY, contributing 18.1% to overall revenue. Revenue from western snacks remained flat, making up 6.8% of total revenue, while revenue from papad rose by 9.6% YoY, representing 6% of overall revenue during the period under review. On nine-month basis, the company's consolidated net profit increased 4.6% to Rs 156.28 crore in 9M FY25, compared to Rs 149.46 crore recorded in 9M FY24. Revenue from operations jumped 14.2% YoY to Rs 1,956.52 crore in 9M FY25. Deepak Agarwal, managing director, Bikaji Foods International, said, 'We are pleased to announce that our company has delivered resilient performance across all categories, despite facing significant inflationary pressures and weak demand sentiments in the market. The traditional snacks category has been a major contributor, accounting for 62% of our total revenue, followed by the packaged sweets category, which contributed 18%. Regarding commodity prices, we continue to experience year-on-year inflation in key inputs such as edible oil, potatoes, packaging material and other essential commodities. To offset these rising costs, we have implemented selective price increases. While urban consumption showed signs of moderation, we have observed a noticeable uptick in rural demand. We remain optimistic that urban demand will return to its usual pace soon.' Bikaji Foods International is the third largest ethnic snacks company in India with an international footprint, selling Indian snacks and sweets, and is among the fastest-growing companies in the Indian organised snacks market. Powered by Capital Market - Live
Net profit of Bikaji Foods International declined 38.72% to Rs 28.57 crore in the quarter ended December 2024 as against Rs 46.62 crore during the previous quarter ended December 2023. Sales rose 11.78% to Rs 697.42 crore in the quarter ended December 2024 as against Rs 623.90 crore during the previous quarter ended December 2023. ParticularsQuarter EndedDec. 2024Dec. 2023% Var. Sales697.42623.90 12 OPM %7.9512.01 - PBDT59.0477.91 -24 PBT38.5262.18 -38 NP28.5746.62 -39 Powered by Capital Market - Live
Bikaji Foods International will hold a meeting of the Board of Directors of the Company on 6 February 2025.Powered by Capital Market - Live
Bikaji Bakes (BBPL) will focus on manufacturing, distributing, and operating outlets for a wide range of bakery products, including frozen bread, cakes, gluten-free items, croissants, viennoiserie, and other bakery offerings. As part of the incorporation, Bikaji Foods International (BFIL) has acquired 10,000 equity shares in BBPL, each with a face value of Rs 10, amounting to a total investment of Rs 1,00,000. The BBPL has become a related party of BFIL, Notably, Deepak Agarwal and Shweta Agarwal, members of BFIL's promoter group, is also directors at BBPL. The transaction was conducted on an arm's length basis. Bikaji Foods International is the third largest ethnic snacks company in India with an international footprint, selling Indian snacks and sweets, and is among the fastest growing companies in the Indian organised snacks market. The company reported 14.7% rise in net profit to Rs 68.6 crore on a 26% increase in total revenue from operations to Rs 721.2 crore in Q2 FY25 over Q2 FY24. Powered by Capital Market - Live
Sales volume rose by 15% to 39,607 tonnes in Q2 FY25 from 34,444 tonnes in Q2 FY24. Ethnic Snacks revenue grew by 10.5% YoY and constituted 63.8% of overall revenue. Revenue from Packaged Sweets rose by 22% YoY and accounted for 17.5% of overall revenue. The growth in revenues from Western Snacks and Papad was 23.2% and 26.2%, respectively, on YoY basis. EBITDA improved by 21.7% year-over-year (YoY) to Rs 106.7 crore in the September'24 quarter. EBITDA margin was 14.7% in Q2 FY25 as against 14.4% in Q2 FY24. Deepak Agarwal, managing director, Bikaji Foods International, said: 'We are delighted to inform our stakeholders that our company has demonstrated strong performance across all the categories. This quarter we have witnessed a significant jump in revenue and profit margins. This surge in growth is due to the demand in Ethnic Snacks and Packaged Sweets on account of Festive seasonality impact. Overall contribution of Packaged Sweets has jumped to 17.5% this quarter, which is again due to festive play. Despite facing significant inflationary challenges, we successfully maintained our margin profile while achieving robust volume growth.' Bikaji Foods International is the third largest ethnic snacks company in India with an international footprint, selling Indian snacks and sweets, and is among the fastest growing companies in the Indian organised snacks market. Powered by Capital Market - Live
Net profit of Bikaji Foods International rose 13.03% to Rs 69.16 crore in the quarter ended September 2024 as against Rs 61.19 crore during the previous quarter ended September 2023. Sales rose 15.78% to Rs 703.97 crore in the quarter ended September 2024 as against Rs 608.00 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales703.97608.00 16 OPM %15.1614.43 - PBDT111.6690.78 23 PBT93.0875.18 24 NP69.1661.19 13 Powered by Capital Market - Live
Hazelnut Factory Food Products (The Hazelnut Factory or THF), a caf' cum artisanal sweets brand based in Lucknow. It has a retail presence in 6 stores in Lucknow and 1 store each in Kanpur & Delhi. The brand offers specialty coffee, artisanal sweets, bakery & patisserie along with a range of caf' menu. It had recorded a turnover of Rs 44.85 crore for the financial year ended on 31 March 2024. Bikaji Foods stated that this investment will be done in tranches and is expected to be completed in next 2 years. Through this acquisition, Bikaji aims to set up a 'House of Brands' to cater to unique customer tastes and preferences and establish Bikaji as a key player in the quick service restaurant (QSR) domain. Deepak Agarwal, MD of Bikaji Foods International, said: This acquisition marks a significant step in Bikaji's journey to expand beyond traditional ethnic snacks and enter into retail QSR, premium artisanal sweets and bakery segment. This strategic move not only marks our entry into the high-growth QSR sector but also aligns with our vision to build a 'House of Brands'. By integrating THF's premium offerings and Bikaji's manufacturing capabilities, we aim to cater to unique customer tastes and preferences, establishing Bikaji as a key player in the QSR space. Bikaji Foods International is the third largest ethnic snacks company in India with an international footprint, selling Indian snacks and sweets, and is among the fastest growing companies in the Indian organised snacks market. The company's consolidated net profit jumped 40.60% to Rs 58.56 crore on a 15.25% increase in sales to Rs 555.13 crore in Q1 FY25 over Q1 FY24. The scrip fell 1.11% to currently trade at Rs 900.20 on the BSE. Powered by Capital Market - Live
Bikaji Foods International (Bikaji) announced that, Bikaji Foods Retail (BFRL), its wholly owned subsidiary, will make a strategic investment of Rs 131.01 crores for an acquisition of 53.02% stake in Hazelnut Factory Food Products (The Hazelnut Factory / THF), a Caf' cum Artisanal sweets brand based in Lucknow. This investment will be done in tranches and is expected to be completed in next 2 years. Through this acquisition, Bikaji aims to set up a House of Brands to cater to unique customer tastes and preferences and establish Bikaji as a key player in the Quick Service Restaurant (QSR) domain. Powered by Capital Market - Live
Bikaji Foods International will hold a meeting of the Board of Directors of the Company on 24 October 2024.Powered by Capital Market - Live
Bikaji Foods International will hold a meeting of the Board of Directors of the Company on 24 October 2024.Powered by Capital Market - Live
Lower than Industry Revenue Growth
Over the last 5 years, revenue has grown at a yearly rate of 3.45%, vs industry avg of 9.83%
Decreasing Market Share
Over the last 5 years, market share decreased from 2.68% to 1.64%
Higher than Industry Net Income
Over the last 5 years, net income has grown at a yearly rate of 14.14%, vs industry avg of 10.29%