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Last Updated: April 2, 2026, 2:31 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 543653 | NSE: BIKAJI

Bikaji Foods International Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹469.94Overvalued by 24.33%vs CMP ₹621.00

P/E (59.7) × ROE (16.0%) × BV (₹61.40) × DY (0.16%)

₹229.83Overvalued by 62.99%vs CMP ₹621.00
MoS: -170.2% (Negative)Confidence: 63/100 (Moderate)Models: 1 Fair, 8 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹591.7523%Fair (-4.7%)
Graham NumberEarnings₹118.3017%Over (-81%)
Earnings PowerEarnings₹59.9211%Over (-90.4%)
DCFCash Flow₹238.7511%Over (-61.6%)
Net Asset ValueAssets₹61.337%Over (-90.1%)
EV/EBITDAEnterprise₹152.609%Over (-75.4%)
Earnings YieldEarnings₹101.307%Over (-83.7%)
ROCE CapitalReturns₹111.089%Over (-82.1%)
Revenue MultipleRevenue₹101.116%Over (-83.7%)
Consensus (9 models)₹229.83100%Overvalued
Key Drivers: EPS CAGR 25.9% lifts DCF — verify sustainability. | Wide model spread (₹60–₹592) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 25.9%

*Investments are subject to market risks

Investment Snapshot

70
Bikaji Foods International Ltd scores 70/100 (Strong)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health83/100 · Strong
ROCE 20.1% ExcellentROE 16.0% GoodD/E 0.13 Low debtInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money45/100 · Moderate
FII holding down -2.41% (6mo) SellingDII holding up 4.41% MF buyingPromoter holding at 73.9% Stable
Earnings Quality65/100 · Strong
OPM expanding (10% → 15%) Improving
Quarterly Momentum60/100 · Moderate
Revenue (4Q): +7% YoY GrowingProfit (4Q): -9% YoY DecliningOPM: 13.0% (up 5.0% YoY) Margin expansion
Industry Rank80/100 · Strong
P/E 59.7 vs industry 112.3 Cheaper than peersROCE 20.1% vs industry 16.4% Above peers3Y sales CAGR: 17% Moderate

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 2:31 am

Market Cap 15,582 Cr.
Current Price 621
Intrinsic Value₹229.83
High / Low 821/592
Stock P/E59.7
Book Value 61.4
Dividend Yield0.16 %
ROCE20.1 %
ROE16.0 %
Face Value 1.00
PEG Ratio2.30

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Bikaji Foods International Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Bikaji Foods International Ltd 15,582 Cr. 621 821/59259.7 61.40.16 %20.1 %16.0 % 1.00
Zydus Wellness Ltd 13,872 Cr. 436 531/31757.7 1790.28 %6.16 %6.02 % 2.00
Hindustan Foods Ltd 5,892 Cr. 494 609/42243.2 87.10.00 %14.3 %14.0 % 2.00
Mrs Bectors Food Specialities Ltd 5,797 Cr. 189 355/17441.5 39.60.64 %18.1 %15.6 % 2.00
Parag Milk Foods Ltd 2,408 Cr. 193 377/15418.0 96.20.52 %14.1 %12.3 % 10.0
Industry Average19,776.38 Cr581.69112.2889.800.31%16.37%17.51%5.63

All Competitor Stocks of Bikaji Foods International Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 503458478598613606565713676585624796731
Expenses 452400412509537445472604621506525665636
Operating Profit 51586689761619310956799913095
OPM % 10%13%14%15%12%27%16%15%8%13%16%16%13%
Other Income 1256661178778010
Interest 2222222233343
Depreciation 12101315151517171818181818
Profit before tax 4951587865155809742658510984
Tax % 23%28%25%22%24%25%26%26%26%25%26%29%23%
Net Profit 383743614911660723148637865
EPS in Rs 1.511.471.732.451.964.642.382.881.231.932.523.102.58

Last Updated: February 6, 2026, 10:47 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 18, 2026, 1:16 pm

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 4004685506107819011,0751,3081,5991,9442,2952,5372,734
Expenses 3574194875366818089801,1631,4561,7321,9002,1992,332
Operating Profit 434963731009394145142212395338403
OPM % 11%10%11%12%13%10%9%11%9%11%17%13%15%
Other Income 21233108111022262925
Interest 2-40054637991113
Depreciation 46712172234333745566972
Profit before tax 39485864827662120109181356286343
Tax % 36%33%29%32%36%33%11%25%27%23%24%26%
Net Profit 253241445351559080138270212254
EPS in Rs 12.1613.7517.6818.7622.6320.9822.8236.913.205.5510.778.4810.13
Dividend Payout % 0%15%11%11%9%10%9%5%3%14%9%12%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)28.00%28.12%7.32%20.45%-3.77%7.84%63.64%-11.11%72.50%95.65%-21.48%
Change in YoY Net Profit Growth (%)0.00%0.12%-20.81%13.14%-24.23%11.62%55.79%-74.75%83.61%23.15%-117.13%

Bikaji Foods International Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:18%
5 Years:19%
3 Years:17%
TTM:9%
Compounded Profit Growth
10 Years:21%
5 Years:31%
3 Years:39%
TTM:-25%
Stock Price CAGR
10 Years:%
5 Years:%
3 Years:%
1 Year:-8%
Return on Equity
10 Years:17%
5 Years:17%
3 Years:19%
Last Year:16%

Last Updated: September 4, 2025, 9:45 pm

Balance Sheet

Last Updated: December 4, 2025, 12:52 am

MonthMar 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
CWIP 12848386471333348701294120
Investments 010223336871464160185188
Other Assets 75135124143160218230277407523677741945
Total Assets 1823293844605236306758031,0811,2401,5031,7561,990

Reserves and Borrowings Chart

Cash Flow

MonthMar 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
Free Cash Flow -1-31-48-3212-91251-3389120103
CFO/OP 87%141%74%69%97%92%67%96%71%105%81%82%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-3.00-23.00-34.00-63.00-42.0020.0040.0062.001.0074.00256.00167.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 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%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 75.97%75.37%75.21%75.18%75.10%75.10%74.98%74.98%74.92%74.92%73.92%73.92%
FIIs 3.45%5.46%7.02%6.89%7.66%7.51%7.48%7.70%7.33%6.64%6.34%4.92%
DIIs 10.57%12.42%13.55%13.96%13.51%13.32%12.78%11.96%12.21%13.37%14.77%16.62%
Public 10.03%6.74%4.22%3.99%3.72%4.06%4.76%5.38%5.57%5.08%4.97%4.54%
No. of Shareholders 83,14275,17285,41186,93085,92792,0971,09,7801,42,5141,44,0001,33,5151,32,1151,19,954

Shareholding Pattern Chart

No. of Shareholders

Bikaji Foods International Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Quant Small Cap Fund 8,672,820 2.08 570.549,172,8202026-02-23 01:18:12-5.45%
HSBC Small Cap Fund 2,944,415 1.29 193.7N/AN/AN/A
Canara Robeco Small Cap Fund 2,066,242 1.07 135.932,380,3082025-12-08 00:51:14-13.19%
Edelweiss Mid Cap Fund 1,544,700 0.74 101.621,416,4572026-02-23 01:18:129.05%
HDFC Multi Cap Fund 1,437,489 0.49 94.571,174,8672026-01-26 04:20:5822.35%
Tata India Consumer Fund 1,305,000 3.39 85.851,299,9502026-01-26 04:20:580.39%
Edelweiss Small Cap Fund 1,207,662 1.48 79.451,122,6342026-02-23 01:18:127.57%
Edelweiss Multi Cap Fund 833,170 1.75 54.81698,6542026-02-23 01:18:1219.25%
Aditya Birla Sun Life Small Cap Fund 801,500 1.1 52.731,159,7132025-12-08 00:51:14-30.89%
Tata Value Fund 765,000 0.57 50.33761,6872026-01-26 03:03:540.43%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 1.001.001.001.0010.00
Basic EPS (Rs.) 8.0210.635.153.1537.10
Diluted EPS (Rs.) 8.0210.635.143.1537.10
Cash EPS (Rs.) 11.0112.926.964.5850.78
Book Value[Excl.RevalReserv]/Share (Rs.) 55.2048.5738.1732.89249.86
Book Value[Incl.RevalReserv]/Share (Rs.) 55.2048.5738.1732.89249.86
Revenue From Operations / Share (Rs.) 104.6393.0378.8064.56539.11
PBDIT / Share (Rs.) 14.4116.729.156.0164.25
PBIT / Share (Rs.) 11.1614.327.264.4850.63
PBT / Share (Rs.) 10.5513.906.844.2149.40
Net Profit / Share (Rs.) 7.7610.525.073.0537.15
NP After MI And SOA / Share (Rs.) 8.0110.615.153.1237.10
PBDIT Margin (%) 13.7717.9711.619.3111.91
PBIT Margin (%) 10.6615.399.216.939.39
PBT Margin (%) 10.0814.938.676.519.16
Net Profit Margin (%) 7.4111.316.434.716.89
NP After MI And SOA Margin (%) 7.6611.406.534.836.88
Return on Networth / Equity (%) 14.5221.8013.479.4914.89
Return on Capital Employeed (%) 16.9427.2417.2712.2418.79
Return On Assets (%) 10.3717.3210.107.0711.03
Long Term Debt / Equity (X) 0.010.010.040.050.02
Total Debt / Equity (X) 0.110.090.150.170.13
Asset Turnover Ratio (%) 1.511.661.671.681.77
Current Ratio (X) 2.602.281.881.801.45
Quick Ratio (X) 2.221.901.531.421.10
Inventory Turnover Ratio (X) 27.5917.9917.5817.7719.59
Dividend Payout Ratio (NP) (%) 12.467.041.946.415.39
Dividend Payout Ratio (CP) (%) 8.865.741.424.293.94
Earning Retention Ratio (%) 87.5492.9698.0693.5994.61
Cash Earning Retention Ratio (%) 91.1494.2698.5895.7196.06
Interest Coverage Ratio (X) 23.8539.3721.5422.4252.16
Interest Coverage Ratio (Post Tax) (X) 13.8325.7812.9512.3631.16
Enterprise Value (Cr.) 16601.0812215.329081.030.000.00
EV / Net Operating Revenue (X) 6.335.244.620.000.00
EV / EBITDA (X) 45.9729.1839.780.000.00
MarketCap / Net Operating Revenue (X) 6.325.274.600.000.00
Retention Ratios (%) 87.5392.9598.0593.5894.60
Price / BV (X) 11.9810.089.470.000.00
Price / Net Operating Revenue (X) 6.325.274.600.000.00
EarningsYield 0.010.020.010.000.00

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Bikaji Foods International Ltd. is a Public Limited Listed company incorporated on 06/10/1995 and has its registered office in the State of Rajasthan, India. Company's Corporate Identification Number(CIN) is L15499RJ1995PLC010856 and registration number is 010856. Currently Company is involved in the business activities of Manufacture of papads, appalam and similar food products. Company's Total Operating Revenue is Rs. 2536.86 Cr. and Equity Capital is Rs. 25.06 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Food Processing - Bakery/Dairy/Fruits/OthersF 196-199, F 178 & E 188, Bikaner Rajasthan 334006Contact not found
Management
NamePosition Held
Mr. Shiv Ratan AgarwalChairman & Executive Director
Mr. Deepak AgarwalExecutive & Managing Director
Mrs. Shweta AgarwalExecutive Director
Mr. Sachin Kumar BhartiyaNon Exe.Non Ind.Director
Mr. Siraj Azmat ChaudhryInd. Non-Executive Director
Mrs. Richa Manoj GoyalInd. Non-Executive Director
Mr. Pulkit Anilkumar BachhawatInd. Non-Executive Director
Mr. Nikhil Kishorchandra VoraInd. Non-Executive Director
Mr. Sunil SethiInd. Non-Executive Director

FAQ

What is the intrinsic value of Bikaji Foods International Ltd and is it undervalued?

As of 15 April 2026, Bikaji Foods International Ltd's intrinsic value is ₹229.83, which is 62.99% lower than the current market price of ₹621.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (16.0 %), book value (₹61.4), dividend yield (0.16 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Bikaji Foods International Ltd?

Bikaji Foods International Ltd is trading at ₹621.00 as of 15 April 2026, with a FY2026-2027 high of ₹821 and low of ₹592. The stock is currently near its 52-week low. Market cap stands at ₹15,582 Cr..

How does Bikaji Foods International Ltd's P/E ratio compare to its industry?

Bikaji Foods International Ltd has a P/E ratio of 59.7, which is below the industry average of 112.28. This is broadly in line with or below the industry average.

Is Bikaji Foods International Ltd financially healthy?

Key indicators for Bikaji Foods International Ltd: ROCE of 20.1 % indicates efficient capital utilization; ROE of 16.0 % shows strong shareholder returns. Dividend yield is 0.16 %.

Is Bikaji Foods International Ltd profitable and how is the profit trend?

Bikaji Foods International Ltd reported a net profit of ₹212 Cr in Mar 2025 on revenue of ₹2,537 Cr. Compared to ₹80 Cr in Mar 2022, the net profit shows an improving trend.

Does Bikaji Foods International Ltd pay dividends?

Bikaji Foods International Ltd has a dividend yield of 0.16 % at the current price of ₹621.00. The company pays dividends, though the yield is modest.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Bikaji Foods International Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
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