Bikaji Foods International Ltd
BIKAJIBikaji Foods International Ltd
BIKAJIPrice Chart
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Key Metrics
No LabelNo Label | PB RatioPB Ratio | Dividend YieldDiv. Yield |
---|---|---|
67.41 | 16.11 | 0.13% |
Sector PESector PE | Sector PBSector PB | Sector Div YldSctr Div Yld |
---|---|---|
50.62 | 9.94 | 1.48% |
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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Compare with peersNestle India Ltd
Britannia Industries Ltd
Vishal Mega Mart Ltd
Adani Wilmar Ltd
Hatsun Agro Product Ltd
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Forecasts
Price
Revenue
Earnings
Price Forecast
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Revenue Forecast
All values in ₹ Thousand cr.
All values in ₹ Thousand cr.
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 | 2,564.44 | |||||||
Raw Materials | 1,752.88 | 616.08 | 791.75 | 1,001.24 | 1,395.52 | 1,510.30 | 2,097.45 | |||||||
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 | 466.99 | |||||||
Depreciation/Amortization | 48.51 | 34.20 | 33.12 | 38.33 | 48.51 | 60.06 | 67.57 | |||||||
PBIT | 187.46 | 69.12 | 123.44 | 112.26 | 188.06 | 359.26 | 399.42 | |||||||
Interest & Other Items | 10.60 | 5.50 | 3.34 | 7.25 | 11.20 | 11.31 | 11.35 | |||||||
PBT | 176.86 | 63.62 | 120.10 | 105.01 | 176.86 | 347.95 | 388.07 | |||||||
Taxes & Other Items | 39.70 | 7.27 | 29.91 | 27.06 | 39.70 | 82.24 | 97.51 | |||||||
Net Income | 137.16 | 56.35 | 90.19 | 77.95 | 137.16 | 265.71 | 290.56 | |||||||
EPS | 5.50 | 2.32 | 3.71 | 3.16 | 5.50 | 10.65 | 11.65 | |||||||
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 | 73.72 | 16.11 | 0.13% |
Nestle India Ltd | 52.75 | 62.09 | 1.50% |
Britannia Industries Ltd | 52.95 | 28.57 | 1.56% |
Vishal Mega Mart Ltd | 99.50 | 8.18 | — |
Price Comparison
Compare BIKAJI with any stock or ETFShareholdings
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
Dec 2023
Mar 2024
Jun 2024
Sep 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) |
---|---|---|---|---|
Quant Small Cap Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 4.7588% | Percentage of the fund’s portfolio invested in the stock 3.33% | Change in the portfolio weight of the stock over the last 3 months -0.31% | 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 5/98 (0) |
Canara Robeco Small Cap Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.9120% | Percentage of the fund’s portfolio invested in the stock 1.39% | Change in the portfolio weight of the stock over the last 3 months -0.21% | 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 12/104 (-2) |
Tata India Consumer Fund Direct Plan Growth Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.5107% | Percentage of the fund’s portfolio invested in the stock 4.02% | Change in the portfolio weight of the stock over the last 3 months -0.14% | 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 6/44 (+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 0.13%. An investment of ₹1,000 in the stock is expected to generate dividend of ₹1.27 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
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
Bikaji Foods International has completed the acquisition of 55% stake in Ariba Foods on 04 September 2024. Ariba Foods has now become a subsidiary of the company. This acquisition is part of the company's strategy of backward integration and securing control over supply of frozen food. The company plans to shift its current frozen snacks and savories manufacturing to the Ariba Foods' manufacturing facility located at Ujjain, Madhya Pradesh. Powered by Capital Market - Live
Bikaji Foods International announced the acquisition of a 55% equity stake in Ariba Foods, a leading Ujjain-based company specializing in snacks and frozen foods, including samosas, naans, parathas, and sweets. This strategic investment, totaling Rs 60.49 crore, will enable Bikaji to enhance its frozen food production capabilities and expand its market presence.Powered by Capital Market - Live
Bikaji Foods International will hold a meeting of the Board of Directors of the Company on 23 August 2024.Powered by Capital Market - Live
The Board of Bikaji Foods International will meet on 23 August 2024 to consider and approve the acquisition of stake in Ariba Foods, which is engaged in the business of manufacturing and selling of frozen food. 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 10.77%
Decreasing Market Share
Over the last 5 years, market share decreased from 2.31% to 1.66%
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 12.28%