Bikaji Foods International Ltd. (IN:BIKAJI)
:BIKAJI
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Bikaji Foods International Ltd.
(BIKAJI)
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Rating:64Neutral
Price Target:
₹687.00
▼(-4.51% Downside)
Action:ReiteratedDate:11/01/25
Bikaji Foods' overall score is driven by strong financial performance, despite challenges in profitability margins and cash flow consistency. Technical indicators and valuation suggest caution, with the stock appearing overvalued and showing bearish momentum.
Positive Factors
Revenue Growth
Sustained top-line expansion over multiple years reflects durable consumer demand and successful market penetration. Growing revenues support scale economics, enable higher absolute gross profit, and justify continued investment in distribution and manufacturing to cement long-term market position.
Negative Factors
Margin Volatility
Variable net margins diminish earnings predictability and constrain ability to convert revenue growth into shareholder returns. Persistent cost pressures or inability to pass through input inflation would weaken long-term profitability and limit funds for strategic reinvestment.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
Sustained top-line expansion over multiple years reflects durable consumer demand and successful market penetration. Growing revenues support scale economics, enable higher absolute gross profit, and justify continued investment in distribution and manufacturing to cement long-term market position.
Read all positive factors
Bikaji Foods International Ltd. (BIKAJI) vs. iShares MSCI India ETF (INDA)
Market Cap
₹160.77B
Dividend Yield0.13%
Average Volume (3M)65.73K
Price to Earnings (P/E)75.5
Beta (1Y)0.94
Revenue Growth11.04%
EPS Growth-26.83%
CountryIN
Employees2,559
SectorConsumer Defensive
Sector Strength42
IndustryPackaged Foods
Share Statistics
EPS (TTM)2.50
Shares Outstanding250,736,400
10 Day Avg. Volume27,345
30 Day Avg. Volume65,728
Financial Highlights & Ratios
PEG Ratio-3.51
Price to Book (P/B)12.53
Price to Sales (P/S)6.79
P/FCF Ratio245.13
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
₹900.00Price Target Upside25.10% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)14.06
Revenue Forecast (FY)₹34.28B
Bikaji Foods International Ltd. Business Overview & Revenue Model
Company Description
Bikaji Foods International Limited produces and sells food products in India. It offers bhujia, namkeen, sweets, papads, chips, and other snacks as well as oven-fresh products under the Bikaji brand name. The company sells its products through dis...
How the Company Makes Money
BIKAJI primarily makes money by manufacturing and selling branded packaged foods, generating revenue from the sale of its snack and sweets portfolio to distributors, wholesalers, modern retail, and other trade customers, as well as through exports...
Bikaji Foods International Ltd. Financial Statement Overview
Summary
Income Statement
85
Very Positive
Balance Sheet
78
Positive
Cash Flow
72
Positive
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 27.45B | 25.53B | 22.34B | 19.63B | 16.08B | 13.08B |
| Gross Profit | 8.30B | 7.44B | 6.95B | 5.51B | 4.23B | 3.59B |
| EBITDA | 3.85B | 3.55B | 4.15B | 2.34B | 1.48B | 1.55B |
| Net Income | 2.13B | 2.01B | 2.66B | 1.37B | 779.51M | 902.07M |
Balance Sheet | ||||||
| Total Assets | 21.91B | 19.37B | 15.34B | 12.72B | 11.02B | 8.17B |
| Cash, Cash Equivalents and Short-Term Investments | 4.07B | 2.55B | 1.36B | 1.45B | 1.26B | 937.08M |
| Total Debt | 3.10B | 2.31B | 1.66B | 1.70B | 1.60B | 874.34M |
| Total Liabilities | 5.99B | 4.56B | 3.17B | 3.18B | 2.81B | 2.10B |
| Stockholders Equity | 14.99B | 13.83B | 12.18B | 9.56B | 8.21B | 6.06B |
Cash Flow | ||||||
| Free Cash Flow | 206.43M | 706.92M | 1.16B | 799.85M | -515.74M | 427.62M |
| Operating Cash Flow | 1.04B | 1.93B | 2.45B | 1.71B | 574.74M | 1.17B |
| Investing Cash Flow | -1.24B | -1.31B | -1.99B | -1.23B | -2.32B | -1.14B |
| Financing Cash Flow | 478.33M | -557.23M | -539.22M | -48.55M | 1.69B | -90.64M |
Bikaji Foods International Ltd. Technical Analysis
Neutral
719.45
Price Trends
635.07
Positive
677.08
Negative
712.41
Negative
Market Momentum
-0.01
Negative
56.14
Neutral
83.52
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:BIKAJI, the sentiment is Neutral. The current price of 719.45 is above the 20-day moving average (MA) of 622.25, above the 50-day MA of 635.07, and above the 200-day MA of 712.41, indicating a neutral trend. The MACD of -0.01 indicates Negative momentum. The RSI at 56.14 is Neutral, neither overbought nor oversold. The STOCH value of 83.52 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:BIKAJI.
Bikaji Foods International Ltd. Peers Comparison
UnderperformOutperform
Sector (62)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
69 Neutral | ₹140.71B | 21.49 | ― | 0.74% | 18.77% | 5.76% | |
66 Neutral | ₹155.90B | -90.62 | ― | 0.28% | 14.55% | -20.61% | |
65 Neutral | ₹59.97B | 42.96 | ― | ― | 19.77% | 28.22% | |
64 Neutral | ₹160.77B | 75.55 | ― | 0.13% | 11.04% | -26.83% | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
62 Neutral | ₹30.05B | 30.82 | ― | 0.54% | 9.83% | -0.92% | |
61 Neutral | ₹57.88B | 46.45 | ― | 0.45% | 10.82% | -8.21% |
* Consumer Defensive Sector Average
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Bikaji Foods International Ltd. Corporate Events
Bikaji Foods Updates Markets on Singapore Analyst and Investor Meetings
Mar 25, 2026
Bikaji Foods International Ltd. has disclosed that its management conducted one-to-one meetings with analysts and institutional investors in Singapore on March 25, 2026, in line with Indian listing regulations. The company stated that publicly ava...
Bikaji Foods Updates Markets on Analyst and Institutional Investor Meeting
Mar 11, 2026
Bikaji Foods International Ltd. disclosed that its management held a group meeting with analysts and institutional investors on March 11, 2026 via virtual mode, in line with Indian listing regulations. The company used publicly available investor ...
Bikaji Foods Ramps Up Retail, Bakery and Snack Investments with New Capital Deployment
Jan 27, 2026
Bikaji Foods International Ltd. has approved a series of capital and financing moves aimed at strengthening its retail footprint and expanding into adjacent categories. The board cleared an additional investment of up to ₹50 crore in its who...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.