MarketFriction

Bikaji Foods International Ltd

NSE BIKAJI · BSE 543653 · Packaged Foods
₹504.05 -3.40%
NSE close2026-10-01
52 week range516.00 - 768.50
Market cap₹13,318 Cr.
P/E48.0
IPO 2022 · +68% since Price band 20% Delivery 65.3%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Standalone, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales598613606565713676585624796731667678
Expenses509537445472604621506525665636577579
Operating Profit897616193109567999130959199
OPM %15%12%27%16%15%8%13%16%16%13%14%15%
Other Income6611787780101411
Interest222223334323
Depreciation151515171718181818181919
Profit before tax78651558097426585109848487
Tax %22%24%25%26%26%26%25%26%29%23%24%26%
Net Profit6149116607231486378656465
EPS in Rs2.451.964.642.382.881.231.932.523.102.582.542.58
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales5506107819011,0751,3081,5991,9442,2952,5412,8172,872
Expenses4875366818089801,1631,4561,7321,9002,2042,4022,457
Operating Profit63731009394145142212395337415415
OPM %11%12%13%10%9%11%9%11%17%13%15%14%
Other Income23310811102226283235
Interest005463799111212
Depreciation71217223433374556707374
Profit before tax5864827662120109181356282362364
Tax %29%32%36%33%11%25%27%23%24%26%26%
Net Profit41445351559080138270210269270
EPS in Rs17.6818.7622.6320.9822.8236.913.205.5510.778.3710.7310.80
Dividend Payout %11%11%9%10%9%5%3%14%9%12%12%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth18%17%13%11%
Compounded Profit Growth21%25%26%29%
Stock Price CAGR%%3%-29%
Return on Equity17%18%19%18%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital232323232424242525252525
Reserves1722082452844465045807989341,2001,3971,649
Borrowings7297136142735483141138139177217
Other Liabilities625555738793115118143138154159
Total Liabilities3293844605236306758031,0811,2401,5031,7532,050
Fixed Assets100176229313396406406480607753756751
CWIP848386471333348701294147
Investments10223336871464160180238
Other Assets135124143160218230277407523677723914
Total Assets3293844605236306758031,0811,2401,5031,7532,050
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity54343778645112160177243214294
Cash from Investing Activity-95-74-69-63-67-54-129-220-131-207-192-311
Cash from Financing Activity874132-1058-262157-2-45-88
Net Cash Flow472-0555-29-6-443-1014-9
Free Cash Flow-31-48-3212-91251-3389120104158
CFO/OP141%74%69%97%92%67%96%71%105%81%82%93%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days121517161614131716181314
Inventory Days292125262622262620182121
Days Payable39282118208181514121210
Cash Conversion Cycle2721242227212822232225
Working Capital Days-36-16-7-2847-21521202925
ROCE %22%20%18%21%16%12%19%14%18%30%20%22%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters75.21%75.18%75.10%75.10%74.98%74.98%74.92%74.92%73.92%73.92%73.88%73.88%
FIIs7.02%6.89%7.66%7.51%7.48%7.70%7.33%6.64%6.34%4.92%4.68%4.61%
DIIs13.55%13.96%13.51%13.32%12.78%11.96%12.21%13.37%14.77%16.62%17.28%17.51%
Public4.22%3.99%3.72%4.06%4.76%5.38%5.57%5.08%4.97%4.54%4.15%4.01%
No. of Shareholders85,41186,93085,92792,0971,09,7801,42,5141,44,0001,33,5151,32,1151,19,9541,14,7831,11,049

Fundamentals

Market Cap₹ 13,318 Cr.
Current Price₹ 531
Stock P/E48.0
Book Value₹ 66.8
ROCE22.0 %
ROE17.8 %
Dividend Yield0.24 %
Face Value₹ 1.00
Compounded Sales Growth (TTM)11%
Compounded Profit Growth (TTM)29%
Standalone figures.
Valuation
Market capRs 12,638 Cr
Enterprise valueRs 12,608 Cr
P/E (TTM)46.73x
Price to book7.55x
Price to sales4.40x
EV / EBITDA28.03x
EV / EBIT33.57x
EV / sales4.39x
Price to cash flow43.04x
Earnings yield2.14%
Dividend yield0.25%
P/E, 3-year average60.83x
P/B, 3-year average10.33x
P/E, 5-year average61.96x
P/B, 5-year average10.11x
Profitability
Operating margin (excl. other income)14.73%
Operating margin (incl. other income)15.85%
EBITDA margin15.66%
Pre-tax margin12.67%
Net profit margin9.42%
Net margin, latest quarter9.52%
ROE17.38%
ROCE21.43%
ROA14.15%
ROE, 3-year average19.31%
ROCE, 3-year average23.62%
ROA, 3-year average15.57%
ROE, 5-year average16.93%
ROCE, 5-year average20.65%
ROA, 5-year average13.42%
ROIC (approx.)17.00%
Tax rate25.65%
Other income / net worth1.88%
Growth
Sales growth (latest year)10.88%
Profit growth (latest year)28.33%
Sales CAGR, 3 years13.16%
Sales CAGR, 5 years16.58%
Profit CAGR, 3 years24.80%
Profit CAGR, 5 years24.56%
Sales growth QoQ1.63%
Profit growth QoQ1.51%
Sales growth YoY (latest quarter)8.74%
Profit growth YoY (latest quarter)2.22%
Per share
EPS (TTM)Rs 10.79
EPS (latest year)Rs 10.73
EPS (latest quarter)Rs 2.58
EPS, 3-year averageRs 9.96
EPS, 5-year averageRs 7.72
Book value per shareRs 66.75
Sales per shareRs 114.53
Cash flow per shareRs 11.71
Free cash flow per shareRs 6.30
Dividend per share (latest year)Rs 1.25
Dividend per share, 3-year averageRs 1.08
Dividend per share, 5-year averageRs 0.82
Dividends
Dividend payout11.65%
Dividend payout, 3-year average10.96%
Dividend payout, 5-year average9.91%
Efficiency
Asset turnover1.37x
Fixed asset turnover3.75x
Inventory turnover21.05x
Inventory days17 days
Debtor days14 days
Debtors turnover26.71x
Creditor days10 days
Cash conversion cycle25 days
Working capital days25 days
Leverage
Total debtRs 217 Cr
Cash and bankRs 248 Cr
Net debtRs -31 Cr
Debt to equity0.13x
Net debt / EBITDA-0.07x
Interest coverage32.24x
Current ratio (filing 2026-03-31)2.51x
Quick ratio (filing 2026-03-31)2.20x
Trade payables (filing 2026-03-31)Rs 46 Cr
Owners' fund to total sources81.66%
Debt to assets10.58%
Cash flow
Cash from Operating Activity (latest year)Rs 294 Cr
Cash from Investing Activity (latest year)Rs -311 Cr
Cash from Financing Activity (latest year)Rs 8 Cr
Net Cash Flow (latest year)Rs -9 Cr
Free cash flow (latest year)Rs 158 Cr
FCFE (approx.: FCF + change in debt)Rs 198 Cr
Cash from ops / profit, 5 years1.02x
Sales to cash flow9.59x
Statement figures
Net sales (TTM)Rs 2,872 Cr
Net sales (latest year)Rs 2,817 Cr
Sales (latest quarter)Rs 678 Cr
Operating profit excl. other income (latest year)Rs 415 Cr
Operating profit (latest quarter)Rs 99 Cr
Other income (TTM)Rs 35 Cr
EBITDA (TTM)Rs 450 Cr
PBDT (TTM)Rs 438 Cr
Profit before tax (TTM)Rs 364 Cr
Tax (latest year)Rs 93 Cr
Net profit (TTM)Rs 270 Cr
Net profit (latest year)Rs 269 Cr
Net profit (latest quarter)Rs 65 Cr
Depreciation (TTM)Rs 74 Cr
Depreciation (latest quarter)Rs 19 Cr
Interest (TTM)Rs 12 Cr
Cost of goods sold (latest year)Rs 1,998 Cr
Total expenditure (latest year)Rs 2,402 Cr
Total income (latest year)Rs 2,849 Cr
Share capitalRs 25 Cr
ReservesRs 1,649 Cr
Shareholders' fundsRs 1,674 Cr
Total assetsRs 2,050 Cr
Net blockRs 751 Cr
Capital work in progressRs 147 Cr
InvestmentsRs 238 Cr
ReceivablesRs 105 Cr
InventoryRs 95 Cr
Other liabilitiesRs 159 Cr
Shares outstanding (crore)25.07
Ownership
Promoter holding73.88% (-1.04 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 46.7 is the lowest in its own 4.0-year history (median 85.5, low 46.7, high 136.8).
P/B 7.55 is the lowest in 4.0 years (median 12.97).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodBIKAJINifty 50Difference
1 week-12.4%-2.8% -9.6 pts
1 month-15.8%-6.8% -9.0 pts
3 months-23.9%-7.6% -16.3 pts
6 months-19.0%+0.4% -19.4 pts
1 year-32.4%-9.9% -22.5 pts
2 years-48.5%-13.6% -34.9 pts
3 years+3.9%+14.2% -10.2 pts
77 mutual fund schemes hold about ₹2,219 Cr. Over three months 68 bought more and 9 sold (share counts, price move removed).
FundWeightEst. Cr3m shares
Quant Small Cap Fund1.53%543 +16%
HSBC Small Cap Fund0.97%184 +18%
Nippon India Focused Fund2.08%180 +55%
Canara Rob Small Cap Fund0.92%134 +20%
Aditya Birla SL Small Cap Fund1.81%113 +16%
Edelweiss Mid Cap Fund0.54%107 +13%
Edelweiss Small Cap Fund1.45%105 +15%
Tata India Consumer Fund2.81%82 +18%
ICICI Pru Small Cap Fund0.82%80 +137%
ICICI Pru Small Cap Fund0.82%78 +137%
UTI Mid Cap Fund0.59%75 +68%
Aditya Birla SL Consumption Fund0.90%55 +40%
Edelweiss Multi Cap Fund1.47%52 +19%
HSBC ELSS Tax saver Fund0.89%37 +22%
Tata Retirement Sav Fund - Prog Plan1.50%34 +21%
HSBC Consumption Fund1.69%31 +18%
Tata Retirement Sav Fund - Mod Plan1.30%29 +22%
Sundaram Consumption Fund1.78%27 +69%
HSBC Multi Cap Fund0.42%26 +15%
Aditya Birla SL Bal Bhavishya Yojna1.83%23 +161%
Aditya Birla SL Special Opp Fund1.80%23 +45%
Tata Value Fund(Div Trig Opt B-10%)Pay0.26%23 -47%
Edelweiss Flexi Cap Fund0.49%18 +18%
UTI Small Cap Fund0.35%18 +100%
LIC MF Multi Cap Fund0.73%16 +14%

Red flags

F-score 6 of 8
No red flags in the latest statements and filings.
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Jun 2026
Sales ₹678 Cr +8.7% vs Jun 2025. Net profit ₹65 Cr +3.2%.

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2026-07-17Dividend - Rs 1.25 Per Share
2025-08-29Dividend - Re 1 Per Share
2024-06-14Dividend - Re 1 Per Share
2023-06-08Annual General Meeting/Dividend - Re 0.75 Per Share
DateTypeWhat it says
2026-08-27Press ReleaseA press release dated August 27, 2026, titled "Partnership with World-Renowned Bakery Expert Thayekunni Khaleel to Drive the Next Phase of Growth for ...
2026-08-26Sale or disposalSale of 30 % Equity Stake in Bikaji Bakes Private Limited, a non-material Wholly -Owned Subsidiary
2026-08-20AppointmentRe-Appointment of Mr Deepak Agarwal as Chairman & Managing Director of the company w.e.f. February 01, 2027 at 31st Annual General Meeting.
2026-08-20AppointmentRe-Appointment of Mr Nikhil Kishorchandra Vora as Non- Executive Independent Director of the company w.e.f. December 08, 2026 at 31st Annual General ...
2026-08-20AppointmentRe-Appointment of Mr Pulkit Anilkumar Bachhawat as Non- Executive Independent Director of the company w.e.f. December 08, 2026 at 31st Annual General...
2026-08-20AppointmentRe-Appointment of Mrs Richa Manoj Goyal as Non- Executive Independent Director of the company w.e.f. December 08, 2026 at 31st Annual General Meeting...
2026-08-20AppointmentRe-Appointment of Mr Siraj Azmat Chaudhry as Non- Executive Independent Director of the company w.e.f. August 24, 2026 at 31st Annual General Meeting...
2026-08-20AppointmentRe-Appointment of Mrs Shweta Agarwal as Executive Director of the company w.e.f. February 01, 2027 at 31st Annual General Meeting.
2026-08-20Shareholder meetingShareholders meeting
2026-08-20Shareholder meetingProceedings of Annual General Meeting held on August 20, 2026
2026-08-12Concall / analyst meetTranscript of the Earnings Conference Call held on August 06, 2026
2026-08-06Concall / analyst meetLink of Recording and Outcome
2026-08-05Investor PresentationInvestor Presentation
2026-08-05Press ReleaseA press release dated August 05, 2026, titled "Press Release Financial Results for Q1 FY27".
2026-08-05ESOPGrant of 100000 Options.
2026-08-05AcquisitionApproval of Incorporation of a Wholly-Owned Subsidiary in Abu Dhabi, UAE
2026-08-05AcquisitionApproval of Investment in C.G. Bikaji Private Limited, a Joint Venture Company in Nepal
2026-08-05AgreementsEntered into Joint Venture cum Shareholders Agreement on August 05, 2026
2026-08-05Board meeting outcomeBikaji Foods International Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-07-23Shareholder meetingNotice of Annual General Meeting to be held on August 20, 2026
2026-07-22Concall / analyst meetEarnings Conference Call to be held on August 06, 2026
2026-07-04AcquisitionCompletion of additional acquisition of 2,90,000 shares of Common Stock in Bikaji Foods International USA Corp, Wholly - Owned Subsidiary of the Compa...
2026-07-02AcquisitionCompletion of acquisition of 74% equity share capital in Jai Barbareek Dev Snacks Private Limited
2026-06-08Concall / analyst meetOutcome
2026-06-01Concall / analyst meetCancellation of Analyst/ Investor Meet on June 01, 2026
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Scrip PE is greater than 50 (4 trailing quarters)

Quick answers

What is the market cap of Bikaji Foods International Ltd?

Bikaji Foods International Ltd (BIKAJI) has a market capitalisation of Rs 13,318 Cr. at the 2026-10-01 close.

What is the P/E ratio of Bikaji Foods International Ltd?

Bikaji Foods International Ltd trades at a P/E of 48.0 on trailing twelve-month profit, at the 2026-10-01 close.

What were Bikaji Foods International Ltd's latest quarterly results?

In the Jun 2026 quarter, Bikaji Foods International Ltd sales was Rs 678 Cr (+8.7% vs Jun 2025) and net profit was Rs 65 Cr.

What is the 52-week high and low of Bikaji Foods International Ltd?

The 52-week high is Rs 768.50 and the 52-week low is Rs 516.00.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03