Is Bikaji Foods International Ltd (BIKAJI) a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Bikaji Foods International Ltd is a good quality company .

Is Bikaji Foods International Ltd (BIKAJI) undervalued or overvalued?

The key valuation ratios of Bikaji Foods International Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone .

What is Bikaji Foods International Ltd (BIKAJI) share price return in the past 10 years?

Data is not available for this company

Is Bikaji Foods International Ltd (BIKAJI) a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Bikaji Foods International Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

What is the share price of Bikaji Foods International Ltd (BIKAJI)?

Company share prices are keep on changing according to the market conditions. The current trading price of Bikaji Foods International Ltd (BIKAJI) on 05-Dec-2025 16:59:59 at 16:59 is 717.15.

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

The latest standalone P/E ratio of Bikaji Foods International as of 05-Dec-2025 is 80.91.

What is the P/B ratio of Bikaji Foods International Ltd (BIKAJI)?

The latest standalone P/B ratio of Bikaji Foods International Ltd (BIKAJI) as of 05-Dec-2025 is 11.59.

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

The 52-week high of Bikaji Foods International Ltd (BIKAJI) is Rs. 863.05 and the 52-week low is Rs. 520.00.

Bikaji Foods International Ltd (BIKAJI) Stock Analysis: Valuation, Latest Results, Financial Ratios & DeciZen Rating

Name: Bikaji Foods International Ltd (BIKAJI)
Brand: Bikaji Foods International

BSE: 543653 | NSE: BIKAJI | Consumer Food | Small Cap

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Bikaji Foods Inter. Share Price

₹717.15 5.00 0.70%
as on 05-Dec'25 16:59

Bikaji Foods International Ltd (BIKAJI) Stock Analysis: Valuation, Latest Results, Financial Ratios & DeciZen Rating

BSE: 543653 | NSE: BIKAJI | Consumer Food | Small Cap

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Based on:

Data

Overall Rating ⓘ
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1. Quality

2. Valuation

3. Price Trend

Bikaji Foods International stock performance -

Key Ratios

P/E Ratio (SA):

80.91

Market Cap:

17,846 Cr.

52-wk low:

520

52-wk high:

863.1

Is Bikaji Foods International Ltd an attractive stock to invest in?

10 Year X-Ray of Bikaji Foods Inter.: Login to view analysis.

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
ROCE % ⓘ	19.5%	19.2%	20.9%	16.1%	12.1%	19.4%	14.2%	18.8%	30.5%	20.7%	-
Value Creation Index ⓘ	0.5	0.4	0.6	0.2	-0.1	0.4	0.0	0.4	1.3	0.5	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	551	608	781	902	1,075	1,308	1,599	1,944	2,295	2,537	2,617
Sales YoY Gr.	-	10.4%	28.4%	15.5%	19.1%	21.8%	22.2%	21.6%	18%	10.6%	-
Adj EPS ⓘ	1.8	1.9	2.3	2.1	2.3	3.7	3.3	5.6	10.8	8.5	8.8
YoY Gr.	-	4.4%	22.9%	-10.4%	10.6%	62.5%	-11.8%	71.3%	92.5%	-21.6%	-
BVPS (₹) ⓘ	9.9	11.1	13.2	19.3	21.7	24.9	32.9	38	48.8	56.8	61.4
Adj Net Profit ⓘ	42	43.8	53.9	50.4	55.6	90.5	81.9	140	271	213	221
Cash Flow from Ops. ⓘ	34	37.6	78.4	63.8	51.2	121	59.8	177	243	213	-
Debt/CF from Ops. ⓘ	2.9	3.1	1.8	1.1	1	0.7	2	0.6	0.4	0.6	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	18.5%	18.7%	16.6%	10.6%
Adj EPS ⓘ	18.8%	29.9%	37.3%	-21.6%
BVPSⓘ	21.4%	21.2%	20%	16.5%
Share Price	-	-	21.7%	-10.6%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
Return on Equity % ⓘ	19.7	17.9	19	13	11.1	16	11.5	15.7	24.8	16	14.9
Op. Profit Mgn % ⓘ	11.6	12.1	12.8	10.3	8.8	11.2	9.1	11.1	17.3	13.3	13.9
Net Profit Mgn % ⓘ	7.6	7.2	6.9	5.6	5.2	6.9	5.1	7.2	11.8	8.4	8.4
Debt to Equity ⓘ	0.4	0.5	0.5	0.2	0.1	0.1	0.2	0.1	0.1	0.1	0
Working Cap Days ⓘ	42	59	59	49	58	56	70	80	72	74	49
Cash Conv. Cycle ⓘ	3	12	17	17	18	17	17	19	17	17	29

Recent Performance Summary

Latest Financials - Bikaji Foods International Ltd.

	Standalone	Consolidated
TTM EPS (₹)	8.8	8.5
TTM Sales (₹ Cr.)	2,617	2,746
BVPS (₹.) ⓘ	61.4	59.8
Reserves (₹ Cr.) ⓘ	1,514	1,474
P/BV ⓘ	11.59	11.91
PE ⓘ	80.91	83.86

From the Market
52 Week Low / High (₹)	520.00 / 863.05
All Time Low / High (₹)	303.05 / 1005.00
Market Cap (₹ Cr.)	17,846
Equity (₹ Cr.)	25.1
Face Value (₹)	1
Industry PE ⓘ	59.8

Management X-Ray of Bikaji Foods Inter.:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

* Pledged shares as % of Promoter's holding (%)

Valuation of Bikaji Foods Inter. - Standalone Basis

Analyst's Notes

No data found!

Key Ratios of Bikaji Foods Inter.

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Sales	551	608	781	902	1,075	1,308	1,599	1,944	2,295	2,537
Operating Expenses ⓘ	488	534	681	810	981	1,163	1,456	1,732	1,900	2,200
Manufacturing Costs	98	19	152	167	185	208	249	282	294	312
Material Costs	329	446	448	529	617	787	991	1,194	1,298	1,535
Employee Cost	32	21	38	51	65	69	85	98	109	133
Other Costs ⓘ	29	48	42	62	114	98	131	159	200	220
Operating Profit ⓘ	63	74	100	93	94	145	142	212	394	337
Operating Profit Margin (%)	11.4%	12.1%	12.8%	10.3%	8.7%	11.1%	8.9%	10.9%	17.2%	13.3%
Other Income ⓘ	2	6	5	10	8	11	10	22	26	30
Interest ⓘ	0	3	5	4	5	3	7	9	9	11
Depreciation ⓘ	7	12	17	22	34	33	37	45	56	69
Exceptional Items ⓘ	0	0	-1	0	0	0	0	0	0	0
Profit Before Tax ⓘ	58	64	82	76	62	120	109	181	356	286
Tax ⓘ	17	21	29	25	7	30	29	42	86	74
Profit After Tax	41	44	53	51	55	90	80	138	270	212
PAT Margin (%)	7.5%	7.2%	6.8%	5.7%	5.2%	6.9%	5.0%	7.1%	11.8%	8.4%
Adjusted EPS (₹)	1.8	1.9	2.3	2.1	2.3	3.7	3.2	5.6	10.8	8.5
Dividend Payout Ratio (%)	11%	11%	9%	10%	9%	5%	9%	14%	9%	12%

Balance Sheet

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Equity and Liabilities
Shareholders Fund	231	260	307	470	528	604	820	948	1,222	1,424
Share Capital ⓘ	23	23	23	24	24	24	25	25	25	25
Reserves ⓘ	208	236	284	446	504	580	795	923	1,197	1,399
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	97	117	121	67	39	77	108	91	75	119
Long Term Debt	60	64	46	40	17	12	26	26	10	0
Short Term Debt	38	53	76	28	22	65	82	65	65	119
Trade Payables	32	18	22	29	14	39	41	51	50	52
Others Liabilities ⓘ	24	60	91	81	161	83	237	151	156	162
Total Liabilities ⓘ	384	455	541	648	742	803	1,206	1,240	1,503	1,756
Fixed Assets
Gross Block	202	266	364	469	510	543	653	811	1,010	1,061
Accumulated Depreciation	27	38	54	76	110	141	177	210	264	330
Net Fixed Assets ⓘ	176	228	310	393	400	402	476	602	746	731
CWIP ⓘ	83	83	47	13	3	33	48	70	12	94
Investmentsⓘ	2	2	3	3	37	87	146	41	60	185
Inventories	23	26	31	38	36	56	70	75	71	86
Trade Receivables	22	26	34	39	42	47	77	85	110	99
Cash Equivalents	67	1	67	103	88	87	89	96	175	190
Others Assetsⓘ	11	89	49	58	136	91	301	273	328	372
Total Assets ⓘ	384	455	541	648	742	803	1,206	1,240	1,503	1,756

Cash Flow

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Cash Flow From Operating Activity ⓘ	34	38	78	64	51	121	60	177	243	213
PBT ⓘ	58	64	82	76	62	120	109	181	356	286
Adjustment ⓘ	6	10	17	19	36	29	39	46	44	60
Changes in Working Capital ⓘ	-17	-20	-2	-10	-35	-9	-47	-3	-82	-69
Tax Paid ⓘ	-13	-14	-19	-21	-12	-19	-41	-47	-76	-64
Cash Flow From Investing Activity ⓘ	-74	-72	-63	-67	-54	-129	-220	-131	-207	-197
Capex	-82	-77	-67	-73	-39	-71	-93	-89	-124	-110
Net Investments	8	0	-1	-0	-21	-52	-120	-25	-56	-6
Others ⓘ	0	5	5	6	6	-7	-7	-18	-27	-81
Cash Flow From Financing Activityⓘ	41	32	-10	58	-26	2	157	-2	-45	-3
Net Proceeds from Shares ⓘ	0	0	0	122	0	0	150	0	13	9
Net Proceeds from Borrowing ⓘ	0	0	0	0	0	-9	23	7	-21	-16
Interest Paid ⓘ	0	-3	-5	-4	-5	-3	-7	-9	-10	-11
Dividend Paid ⓘ	-5	-5	-5	-5	-5	-5	-5	-2	-19	-25
Others ⓘ	46	40	-1	-55	-16	18	-4	3	-8	40
Net Cash Flow ⓘ	1	-3	5	55	-29	-6	-4	43	-10	14

Finance Ratio

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Ratios
ROE (%)	19.35	17.85	18.63	13.13	11.12	15.85	11.23	15.66	24.87	16.06
ROCE (%)	19.53	19.2	20.94	16.14	12.1	19.44	14.17	18.79	30.52	20.69
Asset Turnover Ratio	1.55	1.45	1.57	1.53	1.55	1.69	1.66	1.63	1.71	1.59
PAT to CFO Conversion(x)	0.83	0.86	1.47	1.25	0.93	1.34	0.75	1.28	0.9	1
Working Capital Days
Receivable Days	12	15	14	15	14	12	14	15	15	15
Inventory Days	17	15	13	14	13	13	14	13	11	11
Payable Days	38	21	16	18	13	12	15	14	14	12

Bikaji Foods International Ltd Stock News

Bikaji Foods International Ltd FAQs

The current trading price of Bikaji Foods Inter. on 05-Dec-2025 16:59 is ₹717.1.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 04-Dec-2025 the market cap of Bikaji Foods Inter. stood at ₹17,846.

The latest P/E ratio of Bikaji Foods Inter. as of 04-Dec-2025 is 80.91.

The latest P/B ratio of Bikaji Foods Inter. as of 04-Dec-2025 is 11.59.

The 52-week high of Bikaji Foods Inter. is ₹863.0 and the 52-week low is ₹520.0.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Bikaji Foods Inter. is ₹2,617 ( Cr.) .

About Bikaji Foods International Ltd

The company was originally incorporated as “Shivdeep Industries Limited” as a public limited company under the Companies Act, 1956 at Bikaner, pursuant to a certificate of incorporation dated October 6, 1995 issued by the Registrar of Companies, Rajasthan at Jaipur (“RoC”) and received a certificate of commencement of business from the RoC on October 27, 1995, following its conversion from the erstwhile partnership firm, “Shivdeep Food Products” to “Shivdeep Industries Limited”. Subsequently, the name of the Company was changed from “Shivdeep Industries Limited” to “Bikaji Foods International Limited” pursuant to the Shareholders’ resolution dated September 8, 2011 and a fresh certificate of incorporation dated October 5, 2011 was issued by the RoC to reflect the change in name.

The company is the third largest ethnic snacks company in India with an international footprint, selling Indian snacks and sweets, and is the second fastest growing company in the Indian organised snacks market. It has given a novel twist to classic Indian snacks with a contemporary taste along with maintaining the regional flavours to address the evolving consumer preferences in India and internationally. The company’s history and lineage traces back to Gangabishan Agarwal, founder of Haldiram brand. His grandson, Shiv Ratan Agarwal, its founder and one of its Promoters, continued his legacy and developed extensive experience in the Indian ethnic snacks industry. Shiv Ratan Agarwal launched the Bikaji brand in the year 1993 with an indepth understanding of Indian tastes and preferences. It has over the years established market leadership in the ethnic snacks market in its core states of Rajasthan, Assam and Bihar with extensive reach, and has gradually expanded its footprint across India.

The company has various operational manufacturing facilities that are operated by it, with four facilities located in Bikaner (Rajasthan), one in Guwahati (Assam), one facility in Tumakuru (Tumkur) (Karnataka) held through of one its subsidiary Petunt Food Processors to cater to the southern markets in India and one facility in Muzaffarpur (Bihar) held through the other subsidiary Vindhyawasini Sales Private Limited to cater to its core market of Bihar, respectively.

Business area of the company

The company 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.

Awards, accreditations or recognitions

2008: Rajasthan State Award for Export Excellence.
2009: Government of Rajasthan State Award for Export Excellence.
2022: National MSME Award for Business excellence.

Major events and milestones

1986: Establishment of co-partnership business under the name and style of Shivdeep Food Products.
1993: Inception of the brand “Bikaji”.
1994: Initiated exports to UAE.
1995: Conversion of Shivdeep Food Products (partnership) to a public limited company.
1996: Initiated exports to Australia.
2006: Amalgamation of four group companies, i.e., Bikaji Foods Private Limited, Shivdeep Food Products Private Limited, Bikaji Marketing Limited, and Dipu’s Foods Private Limited with the company for consolidate business.
2008: Opened its first restaurant Bikaji Food Junxon in Mumbai.
2014: Raised funds through private equity investment from India 2020 Maharaja, Limited.
2016: Commissioned new facility at Karni Industrial Area, Bikaner.
2018: Raised funds through private equity by a mix of primary and secondary investment from IIFL.
2019: Appointment of Amitabh Bachchan as the brand ambassador of Bikaji.
2021: Acquired Petunt Food Processors Private Limited.
2021: Raised funds through private equity investment from Lighthouse India Fund III, Limited.
2022: Acquired 100% of the issued, subscribed and paid-up equity share capital of Vindhyawasini Sales Private Limited.

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Bikaji Foods International Ltd (BIKAJI) Stock Analysis: Valuation, Latest Results, Financial Ratios & DeciZen Rating

Bikaji Foods Inter. Share Price

Bikaji Foods International Ltd (BIKAJI) Stock Analysis: Valuation, Latest Results, Financial Ratios & DeciZen Rating

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1. Quality

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Bikaji Foods International stock performance -

Is Bikaji Foods International Ltd an attractive stock to invest in?

10 Year X-Ray of Bikaji Foods Inter.: Login to view analysis. Share

Analysis of Financial Track Record

Value Creation ⓘ

Growth Parameters ⓘ

CAGR ⓘ

Key Financial Parameters ⓘ

Recent Performance Summary

Latest Financials - Bikaji Foods International Ltd.

Management X-Ray of Bikaji Foods Inter.: Share

Shareholding Pattern

Promoter's Holding & Share Pledging

Valuation of Bikaji Foods Inter. - Standalone Basis Share

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Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

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