BIKAJIFast Moving Consumer Goods

Bikaji Foods International Limited

Packaged Foods · ISIN INE00E101023 · BSE 543653 · NSE EQ · FV ₹1
Last price
₹553
+2.16%today
What this company does

Bikaji Foods International Limited operates in Packaged Foods, part of the Fast Moving Consumer Goods sector. It booked ₹734 cr of revenue in its latest quarter (Q1 FY27) and kept 8.2% of sales as profit. It is the 5th largest of 9 Packaged Foods companies we track, by market value.

Bikaji Foods International Limited has established itself as one of the leading players specializing in ethnic snacks and traditional sweets. It has rapidly scaled within the organised snacks industry and is supported by strong brand equity and an expanding presence in global markets.
In the report:
66out of 100
Equitytale Health Score
Solid

Healthier than 66% of companies in Fast Moving Consumer Goods, on all six measures of filed financials. Each measure is ranked against the 89–149 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
oversold
RSI (14)
30

At close. Not part of the score.

Profitability & returns65

How much profit it earns on the money it employs

Balance sheet69

How much it owes, and whether earnings cover the interest

Cash quality74

Whether reported profit actually arrives as cash

Growth & consistency85

Whether sales and profit have grown, and how steadily

Valuation17

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Is this company doing well?
not investment advice
Strengths
Makes a profit
Sales up 13% vs last year
Promoters hold 74%
No promoter shares pledged
Turns profit into real cash
Watch-outs
None flagged from our data

What if I invest in BIKAJI?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 5% a year, it would become
₹15.50 lakh

The slider starts at 5%, taken from this company's own free-cash-flow trend. That is history, not a forecast — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹553 +2.16%
latest close · 2026-09-17
52-wk low ₹53342 sessions so far52-wk high ₹660
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio57.6High
LowAverageHigh
P/B ratio8.62High
Below bookModerateHigh
EV / EBITDA31.3High
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity15.0%Fair
WeakFairStrong ▸15%
Return on capital18.2%Strong
WeakFairStrong
Net margin8.2%Decent
ThinDecentStrong
EBITDA margin15.3%Decent
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.12Comfortable
LowModerateHigh ▸1
Interest cover16.6×Strong
RiskyOkayStrong ▸5×
Current ratio2.47Ample
Tight ◂1HealthyAmple
More figures
Market cap
₹13,857 cr
Book value
₹64
EPS
₹2.40
latest quarter
Net debt
₹170 cr
owes more than its cash
Enterprise value
₹14,027 cr
EBITDA
₹449 cr
annualised
EBIT
₹344 cr
annualised
Operating margin
11.7%
Return on assets
10.7%
Earnings yield
1.74%
P/S
4.72
Sales / share
₹117.1
Tax rate
26.3%
Face value
₹1
Shares
25.1 cr
Working capital
₹515 cr
Current assets
₹866 cr
Current liabilities
₹351 cr
Delivery %
53.9%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2026 report & filings
not investment advice
Hard to value confidentlyLow confidence
The market price is far above what these earnings- and book-based models support — a fast-growing or asset-light business can trade well above them for years, so we won't put a confident number on how overpriced it is.
Models span ₹76₹115, midpoint ₹107

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹734 cr
Other Income₹13 cr
Total Income₹747 cr
Cost of Materials₹482 cr
Purchases of Stock-in-Trade₹6 cr
Inventory Change (±)₹-16 cr
Employee Benefit Expense₹54 cr
Finance Costs₹5 cr
Depreciation & Amortisation₹26 cr
Other Expenses₹110 cr
Total Expenses₹667 cr
Profit before Tax₹81 cr
Tax Expense₹21 cr
Net Profit₹59 cr
Net margin on total income8.0%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹472 cr63.2%
Employee benefit expense₹54 cr7.2%
Finance costs₹5 cr0.7%
Depreciation & amortisation₹26 cr3.5%
Other expenses₹110 cr14.7%
Tax expense₹21 cr2.8%
Profit for the period₹59 cr8.0%
Total income ₹747 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue790 cr721 cr734 cr
Total income801 cr739 cr747 cr
Expenses720 cr661 cr667 cr
Profit before tax82 cr77 cr81 cr
Tax19 cr21 cr21 cr
Net profit (owners' share)62 cr56 cr60 cr
Net margin (owners' share, on revenue)7.9%7.8%8.2%
EPS (₹)2.482.252.40
YoY (latest quarter): total income +12.8% · net profit +0.4%
Balance sheet & cash flow · as of Mar 2026
Low debt
Total assets
₹2,240 cr
Shareholder equity
₹1,607 cr
parent shareholders
Total debt
₹210 cr
Cash
₹40 cr
Cash flow · H1 FY26
Operating
₹104 cr
Investing
₹-124 cr
Financing
₹48 cr
Peer comparison
Packaged Foods · by market value
CompanyPriceMarket capP/E
Nestle India Limited₹1,371₹2.64 L cr68.9
Britannia Industries Limited₹4,982₹1.20 L cr50.7
The Bombay Burmah Trading Corporation Limited₹1,399₹19,738 cr8.5
Zydus Wellness Limited₹546₹17,368 cr36.5
Bikaji Foods International Limitedthis company₹553₹13,857 cr57.6
Mrs. Bectors Food Specialities Limited₹221₹6,772 cr43.8
Gopal Snacks Limited₹252₹3,145 cr61.2
ADF Foods Limited₹268₹2,942 cr42.6
Prataap Snacks Limited₹1,100₹2,581 cr30.4
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
0.23%
trailing 12 months
Dividend / share (TTM)
₹1.25
Last dividend
₹1.25
ex 17 Jul 2026
ActionDetailEx-date
Dividend₹1.25 / share17 Jul 2026
Dividend₹1 / share29 Aug 2025
Dividend₹1 / share14 Jun 2024
Dividend₹0.75 / share8 Jun 2023
Who owns it · 2026-06-30
No pledge
Promoter
73.9%
FII / Foreign
4.6%
DII / Domestic
17.5%
Retail / others
4.0%
Promoter stake down 1.3% over the last 12 quarters.
Smart-money activity
Insider trades
BoughtVipul Prakash · Other4,000 · ₹16.9 L14 Jul 23
SoldDeepak Agarwal · Promoters10.00 L · ₹42.3 cr28 Jun 23
SoldDeepak Agarwal · Promoters5.00 L · ₹21.2 cr28 Jun 23
Bulk / block deals
short · NSE173 Sep 26
short · NSE20026 Aug 26
short · NSE614 May 26
Stake changes
SoldShiv Ratan Agarwal · promoter→ 33.72% · 12.50 L6 Aug 25
SoldDeepak Agarwak · promoter→ 14.31% · 12.50 L6 Aug 25
SoldDeepak Agarwal · promoter→ 14.82% · 3.00 L31 Jul 24
What shareholders were asked to approve
5 proposals passed only on promoter votes

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 20 Aug 2026
See the official result
1
To receive, consider and adopt the: a) Audited Standalone Financial Statement of the Company for the financial year ended on March 31, 2026, together with the reports of the Board of Directors and Statutory Auditors thereon. b) Audited Consolidated Financial Statement of the Company for the financial year ended on March 31, 2026, together with the report of the Statutory Auditors thereon.
Backed by 100% of shareholders other than promotersneeded 50%
4.80 cr votes for, 192 against · 0% of mutual funds and other big investors said no
2
To declare a Final Dividend of Rs. 1.25 per equity share i.e. 125% of the face value of Rs. 1.00 each for the financial year ended on March 31, 2026
Backed by 100% of shareholders other than promotersneeded 50%
4.80 cr votes for, 215 against · 0% of mutual funds and other big investors said no
3
To appoint a Director in place of Mr. Deepak Agarwal (DIN: 00192890), who retires by rotation at this Annual General Meeting and being eligible, offers himself for re-appointment
Promoters had a personal stake in this
Backed by 98% of shareholders other than promotersneeded 50%
4.72 cr votes for, 8.02 L against · 2% of mutual funds and other big investors said no
4
Re-appointment of Mr. Deepak Agarwal (DIN:00192890), Chairman and Managing Director of the Company
⚑ Passed only because promoters voted yesPromoters had a personal stake in this
Backed by 69% of shareholders other than promotersneeded 75%
3.31 cr votes for, 1.49 cr against · 31% of mutual funds and other big investors said no
5
Re-appointment of Mrs. Shweta Agarwal (DIN:00619052), Whole-Time Director of the Company
⚑ Passed only because promoters voted yesPromoters had a personal stake in this
Backed by 65% of shareholders other than promotersneeded 75%
3.12 cr votes for, 1.68 cr against · 35% of mutual funds and other big investors said no
6
Re-appointment of Mr. Nikhil Kishorchandra Vora (DIN: 05014606), Non-Executive and Independent Director of the Company
⚑ Passed only because promoters voted yes
Backed by 71% of shareholders other than promotersneeded 75%
3.40 cr votes for, 1.40 cr against · 29% of mutual funds and other big investors said no
8
Re-appointment of Mrs. Richa Manoj Goyal (DIN:00159889), Non-Executive and Independent Director of the Company
⚑ Passed only because promoters voted yes
Backed by 63% of shareholders other than promotersneeded 75%
3.04 cr votes for, 1.76 cr against · 37% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 60 named members
owning 73.9% between them · as of 2026-06-30
Shiv Ratan Agarwal33.70%
Shiv Ratan Agarwal HUF24.41%
Deepak Agarwal14.30%
Sushila Agarwal1.45%
Deepak Agarwal HUF0.01%
Abhishek Bansalno shares
Abhishek Bansal HUFno shares
Ajmer Industries LLPno shares
Business done with them
FY2025 · 4 of the group
The company paid ₹18 cr to companies in the promoter group last year — about 0.7% of its ₹2,622 cr revenue.
Shiv Ratan Agarwal
Other payments to them · Key Managerial Per sonnel Compensation, Rent, Dividend Paid
also owns 33.70% of the company
₹9 cr
company paid
Shiv Ratan Agarwal HUF
Other payments to them · Dividend Payment
also owns 24.41% of the company
₹6 cr
company paid
Deepak Agarwal
Other payments to them · Key Managerial Pe r sonne l Compensation, Rent, Dividend Paid, Investment
also owns 14.30% of the company
₹4 cr
company paid
Deepak Agarwal
Leases As Lessor · Key Managerial Pe r sonne l Compensation, Rent, Dividend Paid, Investment
also owns 14.30% of the company
₹12 L
company received
Shiv Ratan Agarwal
Leases As Lessor · Key Managerial Per sonnel Compensation, Rent, Dividend Paid
also owns 33.70% of the company
₹11.8 L
company received
Deepak Agarwal HUF
Other payments to them · Dividend Payment
also owns 0.01% of the company
₹0.17 L
company paid

The company also transacted with 19 other related parties — subsidiaries, joint ventures, directors and others — that we could not match by name to the promoter list above. Some may still be connected to the family; we only count the ones the filings let us match with certainty.

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.