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Last Updated on: 22 February, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Bikaji Foods International Ltd

About the Company - Bikaji Foods International Ltd

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 belongs to the Industry of Food Processing - Bakery/Dairy/Fruits/Others. Company’s Total Operating Revenue is Rs. 1598.70 Cr. and Equity Capital is Rs. 24.95 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Food Processing - Bakery/Dairy/Fruits/OthersF 196-199, F 178 & E 188, Bikaner Rajasthan 334006cs@bikaji.com
http://www.bikaji.com
Management
NamePosition Held
Mr. Shiv Ratan AgarwalChairman & Wholetime Director
Mr. Deepak AgarwalManaging Director
Mrs. Shweta AgarwalWhole Time Director
Mr. Sachin Kumar BhartiyaNon Executive Director
Mr. Siraj Azmat ChaudhryIndependent Director
Ms. Richa Manoj GoyalIndependent Director
Mr. Pulkit Anilkumar BachhawatIndependent Director
Mr. Nikhil Kishorchandra VoraIndependent Director
Mr. Vipul PrakashIndependent Director

Bikaji Foods International Ltd. Share Price Update

Share PriceValue
Today₹551.85
Previous Day₹553.60

Basic Stock Data of Bikaji Foods International Ltd

Market Cap 13,660 Cr.
Current Price 546
High / Low606/333
Stock P/E71.2
Book Value 42.0
Dividend Yield0.14 %
ROCE17.7 %
ROE14.4 %
Face Value 1.00

Data Source: screener.in

Bikaji Foods International Ltd Quarterly Results

MonthSep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales433437397414570503458477598613
Expenses387413357382505452400413509537
Operating Profit46244031655158648976
OPM %11%5%10%8%11%10%13%13%15%12%
Other Income32856125966
Interest1122222222
Depreciation991010101210111515
Profit before tax39163524584951607865
Tax %23%32%26%25%26%23%28%25%22%24%
Net Profit30112618433837456149
EPS in Rs12.170.431.060.711.741.511.471.792.451.96

Bikaji Foods International Ltd Quarterly Chart

Bikaji Foods International Ltd Profit & Loss

MonthMar 2006Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales614004685506107819011,0751,3081,5991,9442,036
Expenses573574194875366818089801,1631,4561,7351,778
Operating Profit4434963731009394145142209258
OPM %6%11%10%11%12%13%10%9%11%9%11%13%
Other Income-12123310811101525
Interest12-4005463798
Depreciation14671217223433374246
Profit before tax139485864827662120109173229
Tax %19%36%33%29%32%36%33%11%25%27%26%
Net Profit1253241445351559080128172
EPS in Rs4.2012.1613.7517.6818.7622.6320.9822.8236.913.205.126.90
Dividend Payout %0%0%15%11%11%9%10%9%5%3%15%

Bikaji Foods International Ltd Profit & Loss Yearly Chart

Bikaji Foods International Ltd Growth

Compounded Sales Growth
10 Years:%
5 Years:20%
3 Years:22%
TTM:14%
Compounded Profit Growth
10 Years:%
5 Years:19%
3 Years:32%
TTM:53%
Stock Price CAGR
10 Years:%
5 Years:%
3 Years:%
1 Year:46%
Return on Equity
10 Years:%
5 Years:13%
3 Years:14%
Last Year:14%

Bikaji Foods International Ltd Balance Sheet

MonthMar 2006Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital22023232323242424252525
Reserves17611722082452844465045807989301,026
Borrowings12467297136142735483141138180
Other Liabilities1054625555738793115118136166
Total Liabilities401823293844605236306758031,0811,2291,398
Fixed Assets2895100176229313396406406480499520
CWIP01284838647133334864102
Investments101022333687146154163
Other Assets1175135124143160218230277407512613
Total Assets401823293844605236306758031,0811,2291,398

Bikaji Foods International Ltd Reserves and Borrowings Chart

Bikaji Foods International Ltd Cash Flow

MonthMar 2006Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 2754343778645112160173
Cash from Investing Activity -27-95-74-69-63-67-54-129-220-127
Cash from Financing Activity 1874132-1058-262157-2
Net Cash Flow1472-0555-29-6-444

Bikaji Foods International Ltd Financial Efficiency Indicators

MonthMar 2006Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days613121517161614131717
Inventory Days4221292125262622262621
Days Payable344339282118208181515
Cash Conversion Cycle14-92721242227212824
Working Capital Days68-1892371515173838
ROCE %22%20%18%21%16%12%19%14%18%

Bikaji Foods International Ltd Financial Efficiency Indicators Chart

Bikaji Foods International Ltd Share Holding Pattern

MonthDec 2022Mar 2023Jun 2023Sep 2023
Promoters75.97%75.97%75.37%75.21%
FIIs3.71%3.45%5.46%7.02%
DIIs9.90%10.57%12.42%13.55%
Public10.42%10.03%6.74%4.22%
No. of Shareholders92,56183,14275,17285,411

Bikaji Foods International Ltd Shareholding Pattern Chart

No. of Bikaji Foods International Ltd Shareholders

Bikaji Foods International Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)
Quant Small Cap Fund62599643.11296.16
Quant Active Fund34877642.72165.01
Canara Robeco Small Cap Fund23803081.43112.61
Edelweiss Mid Cap Fund9222501.1543.63
Edelweiss Small Cap Fund8793681.6841.6
Aditya Birla Sun Life Small Cap Fund7088820.7333.54
Nippon India Retirement Fund - Wealth Creation Scheme6000001.1128.39
HSBC ELSS Tax saver Fund5983000.8928.31
Quant Multi Asset Fund5862122.6427.73
Canara Robeco Multi Cap Fund5700001.626.97

Bikaji Foods International Ltd ROCE Trend

Bikaji Foods International Ltd EPS Trend

Bikaji Foods International Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue1.001.0010.0010.0010.00
Basic EPS (Rs.)5.153.1537.1023.1821.09
Diluted EPS (Rs.)5.143.1537.1023.1821.09
Cash EPS (Rs.)6.964.5850.7837.2530.16
Book Value[Excl.RevalReserv]/Share (Rs.)38.1732.89249.86217.64193.25
Book Value[Incl.RevalReserv]/Share (Rs.)38.1732.89249.86217.64193.25
Revenue From Operations / Share (Rs.)78.8064.56539.11441.46370.62
PBDIT / Share (Rs.)9.156.0164.2542.3441.99
PBIT / Share (Rs.)7.264.4850.6328.2832.81
PBT / Share (Rs.)6.844.2149.4026.1831.25
Net Profit / Share (Rs.)5.073.0537.1523.1820.98
NP After MI And SOA / Share (Rs.)5.153.1237.1023.1820.98
PBDIT Margin (%)11.619.3111.919.5911.32
PBIT Margin (%)9.216.939.396.408.85
PBT Margin (%)8.676.519.165.928.43
Net Profit Margin (%)6.434.716.895.255.66
NP After MI And SOA Margin (%)6.534.836.885.255.66
Return on Networth / Equity (%)13.479.4914.8910.6510.85
Return on Capital Employeed (%)17.2712.2418.7911.7614.63
Return On Assets (%)10.107.0711.038.338.09
Long Term Debt / Equity (X)0.040.050.020.030.07
Total Debt / Equity (X)0.150.170.130.070.13
Asset Turnover Ratio (%)1.671.681.771.650.00
Current Ratio (X)1.881.801.452.272.33
Quick Ratio (X)1.531.421.101.871.88
Inventory Turnover Ratio (X)17.5817.7719.5919.270.00
Dividend Payout Ratio (NP) (%)1.946.415.398.629.53
Dividend Payout Ratio (CP) (%)1.424.293.945.366.63
Earning Retention Ratio (%)98.0693.5994.6191.3890.47
Cash Earning Retention Ratio (%)98.5895.7196.0694.6493.37
Interest Coverage Ratio (X)21.5422.4252.1620.1326.87
Interest Coverage Ratio (Post Tax) (X)12.9512.3631.1612.0214.42
Enterprise Value (Cr.)9081.030.000.000.000.00
EV / Net Operating Revenue (X)4.620.000.000.000.00
EV / EBITDA (X)39.780.000.000.000.00
MarketCap / Net Operating Revenue (X)4.600.000.000.000.00
Retention Ratios (%)98.0593.5894.6091.3790.46
Price / BV (X)9.470.000.000.000.00
Price / Net Operating Revenue (X)4.600.000.000.000.00
EarningsYield0.010.000.000.000.00

Bikaji Foods International Ltd Profitability Ratios (%)

Bikaji Foods International Ltd Liquidity Ratios

Bikaji Foods International Ltd Liquidity Ratios (%)

Bikaji Foods International Ltd Interest Coverage Ratios (%)

Bikaji Foods International Ltd Valuation Ratios

Fair Value of Bikaji Foods International Ltd Stock

Fair Value: ₹431.22

The stock is overvalued by 21.02% compared to the current price ₹546

*Investments are subject to market risks

Strength and Weakness of Bikaji Foods International Ltd Stock

StrengthWeakness
  1. The stock has a low average Working Capital Days of 14.36, which is a positive sign.
  2. The company has higher reserves (439.25 cr) compared to borrowings (97.83 cr), indicating strong financial stability.
  3. The company has shown consistent growth in sales (314.75 cr) and profit (88.42 cr) over the years.
  1. The stock is trading at a high valuation with an average P/B ratio of 24.69 and average Dividend Yield of 8.16%.
  2. The stock has a low average ROCE of 14.55%, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 16.45, which may not be favorable.

Additional content added through batch update

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

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