Bikaji Foods International Ltd. (IN:BIKAJI)
:BIKAJI
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Bikaji Foods International Ltd.
(BIKAJI)
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Rating:63Neutral
Price Target:
₹697.00
▼(-3.12% Downside)
Action:Reiterated
Date:05/23/26
The score is driven primarily by healthy financial performance (growth, solid profitability, and low leverage), partially offset by inconsistent cash conversion. The stock’s technical picture is neutral/mixed, while valuation is the biggest constraint due to the high P/E and minimal dividend yield.
Positive Factors
Revenue Growth
Sustained revenue growth and a 2026 re-acceleration indicate durable consumer demand and successful distribution/brand execution. Over 2–6 months this supports predictable top-line momentum, better capacity utilization and the ability to invest in product and geographic expansion without relying on transitory spikes.
Negative Factors
Margin Volatility
Step-downs from prior margin peaks show sensitivity to input costs or pricing pressures in packaged foods. Persistent margin volatility can erode long-term cash generation and returns, making earnings and reinvestment plans more vulnerable to commodity cycles and competitive pricing over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
Sustained revenue growth and a 2026 re-acceleration indicate durable consumer demand and successful distribution/brand execution. Over 2–6 months this supports predictable top-line momentum, better capacity utilization and the ability to invest in product and geographic expansion without relying on transitory spikes.
Read all positive factors
Bikaji Foods International Ltd. (BIKAJI) vs. iShares MSCI India ETF (INDA)
Market Cap
₹164.02B
Dividend Yield0.13%
Average Volume (3M)65.73K
Price to Earnings (P/E)60.3
Beta (1Y)0.84
Revenue Growth14.19%
EPS Growth28.49%
CountryIN
Employees2,559
SectorConsumer Defensive
Sector Strength42
IndustryPackaged Foods
Share Statistics
EPS (TTM)8.50
Shares Outstanding250,736,400
10 Day Avg. Volume27,345
30 Day Avg. Volume65,728
Financial Highlights & Ratios
PEG Ratio2.11
Price to Book (P/B)9.69
Price to Sales (P/S)5.20
P/FCF Ratio109.75
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)13.64
Revenue Forecast (FY)₹34.34B
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 packaged food products and selling them through a mix of sales channels and geographies. Its core revenue stream is the sale of branded products (notably bhujia/namkeen, papad, sweets, and ready-to-eat...
Bikaji Foods International Ltd. Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
84
Very Positive
Cash Flow
73
Positive
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 27.45B | 29.94B | 25.53B | 22.34B | 19.63B | 16.08B |
| Gross Profit | 8.30B | 7.56B | 7.44B | 6.95B | 5.51B | 4.23B |
| EBITDA | 3.85B | 4.11B | 3.55B | 4.15B | 2.34B | 1.48B |
| Net Income | 2.13B | 2.58B | 2.01B | 2.66B | 1.37B | 779.51M |
Balance Sheet | ||||||
| Total Assets | 21.91B | 22.40B | 19.37B | 15.34B | 12.72B | 11.02B |
| Cash, Cash Equivalents and Short-Term Investments | 4.07B | 3.40B | 2.55B | 1.36B | 1.45B | 1.26B |
| Total Debt | 3.10B | 2.99B | 2.31B | 1.66B | 1.70B | 1.60B |
| Total Liabilities | 5.99B | 5.32B | 4.56B | 3.17B | 3.18B | 2.81B |
| Stockholders Equity | 14.99B | 16.07B | 13.83B | 12.18B | 9.56B | 8.21B |
Cash Flow | ||||||
| Free Cash Flow | 206.43M | 1.42B | 706.92M | 1.16B | 799.85M | -515.74M |
| Operating Cash Flow | 1.04B | 3.20B | 1.93B | 2.45B | 1.71B | 574.74M |
| Investing Cash Flow | -1.24B | -3.17B | -1.31B | -1.99B | -1.23B | -2.32B |
| Financing Cash Flow | 478.33M | 112.73M | -557.23M | -539.22M | -48.55M | 1.69B |
Bikaji Foods International Ltd. Technical Analysis
Negative
719.45
Price Trends
647.06
Positive
661.25
Negative
701.96
Negative
Market Momentum
2.63
Positive
46.86
Neutral
54.41
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:BIKAJI, the sentiment is Negative. The current price of 719.45 is above the 20-day moving average (MA) of 669.59, above the 50-day MA of 647.06, and above the 200-day MA of 701.96, indicating a neutral trend. The MACD of 2.63 indicates Positive momentum. The RSI at 46.86 is Neutral, neither overbought nor oversold. The STOCH value of 54.41 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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 |
|---|---|---|---|---|---|---|---|
68 Neutral | ₹137.67B | 20.17 | ― | 0.74% | 26.08% | 3.33% | |
63 Neutral | ₹164.02B | 60.32 | ― | 0.13% | 14.19% | 28.49% | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
62 Neutral | ₹54.54B | 46.45 | ― | 0.45% | 9.25% | -4.88% | |
57 Neutral | ₹30.31B | 28.26 | ― | 0.54% | 9.47% | -20.12% | |
53 Neutral | ₹61.23B | 41.28 | ― | ― | 16.38% | 28.10% | |
53 Neutral | ₹155.93B | 20.94 | ― | 0.28% | 46.22% | -43.17% |
* 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 ...
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.