Bikaji Foods International Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹519.51Overvalued by 13.85%vs CMP ₹603.00

P/E (54.5) × ROE (17.8%) × BV (₹66.80) × DY (0.21%)

₹246.37Overvalued by 59.14%vs CMP ₹603.00
MoS: -144.8% (Negative)Confidence: 63/100 (Moderate)Models: 1 Fair, 8 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹654.1623%Fair (+8.5%)
Graham NumberEarnings₹123.3917%Over (-79.5%)
Earnings PowerEarnings₹60.9211%Over (-89.9%)
DCFCash Flow₹239.9011%Over (-60.2%)
Net Asset ValueAssets₹66.777%Over (-88.9%)
EV/EBITDAEnterprise₹153.689%Over (-74.5%)
Earnings YieldEarnings₹101.307%Over (-83.2%)
ROCE CapitalReturns₹118.109%Over (-80.4%)
Revenue MultipleRevenue₹101.196%Over (-83.2%)
Consensus (9 models)₹246.37100%Overvalued
Key Drivers: EPS CAGR 25.9% lifts DCF — verify sustainability. | Wide model spread (₹61–₹654) — 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

Analyst Summary

Bikaji Foods International Ltd operates in the Food Processing - Bakery/Dairy/Fruits/Others segment, NSE: BIKAJI | BSE: 543653, current market price is ₹603.00, market cap is 15,118 Cr.. At a glance, stock P/E is 54.5, ROE is 17.8 %, ROCE is 22.0 %, book value is 66.8, dividend yield is 0.21 %. The latest intrinsic value estimate is ₹246.37, around 59.1% below the current price, so expectations may already be running ahead of this modelled fair value. On operating trend, latest reported sales are about ₹2,537 Cr versus the prior period change of 10.5%, while latest net profit is about ₹212 Cr with a prior-period change of -21.5%. The 52-week range shown on this page is 821/586, which helps frame where the current quote sits within its recent trading band. Business context: About the Company - Qualitative AnalysisBikaji 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(…

This summary is generated from the stock page data available for Bikaji Foods International Ltd: Intrinsic Value & Share Price Analysis and is refreshed automatically when the underlying metrics change.

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 22.0% ExcellentROE 17.8% GoodD/E 0.13 Low debtInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money45/100 · Moderate
FII holding down -1.73% (6mo) SellingDII holding up 2.74% 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 54.5 vs industry 159.9 Cheaper than peersROCE 22.0% vs industry 16.0% 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.

Share Price and Basic Stock Data

Last Updated: August 25, 2026, 5:01 am

Market Cap 15,118 Cr.
Current Price 603
Intrinsic Value₹246.37
High / Low 821/586
Stock P/E54.5
Book Value 66.8
Dividend Yield0.21 %
ROCE22.0 %
ROE17.8 %
Face Value 1.00
PEG Ratio2.10

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 15,118 Cr. 603 821/58654.5 66.80.21 %22.0 %17.8 % 1.00
Zydus Wellness Ltd 16,261 Cr. 511 612/35873.4 1830.23 %4.91 %3.98 % 2.00
Mrs Bectors Food Specialities Ltd 7,856 Cr. 256 318/16552.8 41.40.23 %14.2 %11.6 % 2.00
Hindustan Foods Ltd 7,747 Cr. 639 678/44247.9 97.50.00 %14.2 %14.8 % 2.00
Parag Milk Foods Ltd 3,022 Cr. 241 377/17822.4 1010.42 %13.5 %12.3 % 10.0
Industry Average22,706.95 Cr721.22159.8797.280.28%16.04%18.37%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: August 26, 2026, 5:30 am

MonthMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital 232323232424242525252525
Reserves 1722082452844465045807989341,2001,3971,649
Borrowings 7297136142735483141138139177217
Other Liabilities 625555738793115118143138154159
Total Liabilities 3293844605236306758031,0811,2401,5031,7532,050
Fixed Assets 100176229313396406406480607753756751
CWIP 848386471333348701294147
Investments 10223336871464160180238
Other Assets 135124143160218230277407523677723914
Total Assets 3293844605236306758031,0811,2401,5031,7532,050

Reserves and Borrowings Chart

Cash Flow

MonthMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity + 54343778645112160177243214294
Cash from Investing Activity + -95-74-69-63-67-54-129-220-131-207-192-311
Cash from Financing Activity + 874132-1058-262157-2-45-88
Net Cash Flow 472-0555-29-6-443-1014-9
Free Cash Flow -31-48-3212-91251-3389120104158
CFO/OP 141%74%69%97%92%67%96%71%105%81%82%93%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow43.00-23.00-34.00-63.00-42.0020.0040.0062.001.0074.00256.00161.00

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

MonthSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters 75.21%75.18%75.10%75.10%74.98%74.98%74.92%74.92%73.92%73.92%73.88%73.88%
FIIs 7.02%6.89%7.66%7.51%7.48%7.70%7.33%6.64%6.34%4.92%4.68%4.61%
DIIs 13.55%13.96%13.51%13.32%12.78%11.96%12.21%13.37%14.77%16.62%17.28%17.51%
Public 4.22%3.99%3.72%4.06%4.76%5.38%5.57%5.08%4.97%4.54%4.15%4.01%
No. of Shareholders 85,41186,93085,92792,0971,09,7801,42,5141,44,0001,33,5151,32,1151,19,9541,14,7831,11,049

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

[display_about_company_data title=”About the Company – Qualitative Analysis”]

FAQ

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

As of 12 September 2026, Bikaji Foods International Ltd's intrinsic value is ₹246.37, which is 59.14% lower than the current market price of ₹603.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (17.8 %), book value (₹66.8), dividend yield (0.21 %), 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 ₹603.00 as of 12 September 2026, with a FY2026-2027 high of ₹821 and low of ₹586. The stock is currently near its 52-week low. Market cap stands at ₹15,118 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 54.5, which is below the industry average of 159.87. Trading at a steep discount to peers could signal a value opportunity or reflect concerns about the company's fundamentals.

Is Bikaji Foods International Ltd financially healthy?

Key indicators for Bikaji Foods International Ltd: ROCE of 22.0 % indicates efficient capital utilization; ROE of 17.8 % shows strong shareholder returns. Dividend yield is 0.21 %.

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 0.21 % at the current price of ₹603.00. The company pays dividends, though the yield is modest.

Last Updated: August 25, 2026, 5:01 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 543653 | NSE: BIKAJI
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