BIKAJI

Bikaji Foods International Limited

Indian ethnic snacks and packaged foods under the Bikaji brand

Fast Moving Consumer Goods›Fast Moving Consumer Goods›Food Products›Packaged Foods

bikaji.com(opens the company website in a new tab)
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Key metrics

Price as of 2026-10-16

Stock price
₹474.15
Market cap
11,882 Cr
Stock P/E
46.0
P/B
7.40
Dividend yield
0.2%
ROE (FY26)
15.1%
ROCE (FY26)
18.9%
Operating margin (FY26)
10.5%
Debt / equity (FY26)
0.13
OCF / EBITDA (FY26)
74.1%
OCF / EBITDA (3Y)
65.7%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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Compare with peers

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What you need to know

Bikaji sells Indian ethnic snacks such as bhujia and namkeen, along with packaged sweets, papad and western snacks, under the Bikaji brand through distributors, modern trade and quick-commerce channels in India and export markets.

Company snapshot

4thBy market cap

Ranked among 18 companies in Packaged Foods.

What we see

Positives
  • ✓Debt-to-equity of 0.13x — the company is largely funded by its own money, not borrowed funds.
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Statement tables · Consolidated

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales609 Cr624 Cr614 Cr572 Cr721 Cr715 Cr614 Cr653 Cr830 Cr790 Cr721 Cr734 Cr
Operating expenses (approx.)521 Cr549 Cr453 Cr481 Cr614 Cr659 Cr539 Cr556 Cr702 Cr692 Cr633 Cr635 Cr
EBITDA88 Cr75 Cr161 Cr92 Cr107 Cr55 Cr74 Cr96 Cr128 Cr98 Cr88 Cr99 Cr
OPM %14.4%12.0%26.2%16.0%14.8%7.8%12.1%14.8%15.4%12.5%12.2%13.5%
Other income6 Cr6 Cr12 Cr7 Cr8 Cr8 Cr10 Cr10 Cr12 Cr11 Cr18 Cr13 Cr
Interest3 Cr3 Cr3 Cr3 Cr3 Cr4 Cr5 Cr5 Cr5 Cr4 Cr4 Cr5 Cr
Depreciation16 Cr16 Cr15 Cr18 Cr19 Cr21 Cr25 Cr23 Cr24 Cr24 Cr24 Cr26 Cr
Profit before tax75 Cr62 Cr155 Cr78 Cr93 Cr39 Cr55 Cr79 Cr107 Cr82 Cr77 Cr81 Cr
Tax %20.5%26.0%24.9%25.6%26.3%27.9%27.1%25.5%27.6%23.8%27.5%26.3%
Net profit60 Cr46 Cr116 Cr58 Cr69 Cr28 Cr40 Cr59 Cr78 Cr62 Cr56 Cr59 Cr
EPS (₹)₹2.45₹1.87₹4.64₹2.34₹2.76₹1.14₹1.78₹2.39₹3.18₹2.48₹2.25₹2.40

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales1,075 Cr1,311 Cr1,611 Cr1,966 Cr2,329 Cr2,622 Cr2,994 CrSign in free for the trailing twelve months
Operating expenses (approx.)980 Cr1,166 Cr1,471 Cr1,752 Cr1,938 Cr2,294 Cr2,583 CrSign in free for the trailing twelve months
EBITDA95 Cr145 Cr140 Cr214 Cr391 Cr328 Cr411 CrSign in free for the trailing twelve months
OPM %8.8%11.0%8.7%10.9%16.8%12.5%13.7%Sign in free for the trailing twelve months
Other income8 Cr11 Cr10 Cr15 Cr27 Cr33 Cr51 CrSign in free for the trailing twelve months
Interest5 Cr3 Cr7 Cr47 Cr11 Cr15 Cr18 CrSign in free for the trailing twelve months
Depreciation34 Cr33 Cr38 Cr11 Cr60 Cr82 Cr95 CrSign in free for the trailing twelve months
Profit before tax64 Cr120 Cr105 Cr171 Cr348 Cr264 Cr345 CrSign in free for the trailing twelve months
Tax %11.4%24.8%27.6%25.8%24.3%26.5%26.2%Sign in free for the trailing twelve months
Net profit56 Cr90 Cr76 Cr127 Cr263 Cr194 Cr254 CrSign in free for the trailing twelve months
EPS (₹)₹2.32₹3.71₹3.15₹5.15₹10.63₹8.02₹10.31Sign in free for the trailing twelve months
Dividend payout %———2.0%7.1%12.9%9.9%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital24 Cr24 Cr25 Cr25 Cr25 Cr25 Cr25 Cr
Reserves505 Cr581 Cr796 Cr929 Cr1,193 Cr1,358 Cr1,582 Cr
Borrowings52 Cr86 Cr141 Cr144 Cr119 Cr154 Cr210 Cr
Other liabilities95 Cr123 Cr140 Cr176 Cr199 Cr303 Cr322 Cr
Total liabilities677 Cr817 Cr1,102 Cr1,272 Cr1,534 Cr1,937 Cr2,240 Cr
Fixed assets (net)390 Cr407 Cr479 Cr601 Cr728 Cr785 Cr798 Cr
CWIP3 Cr36 Cr49 Cr70 Cr12 Cr96 Cr150 Cr
Investments37 Cr69 Cr126 Cr26 Cr37 Cr64 Cr73 Cr
Loans & advances———0 Cr0 Cr1 Cr3 Cr
Inventories36 Cr57 Cr73 Cr78 Cr82 Cr108 Cr117 Cr
Trade receivables42 Cr47 Cr73 Cr79 Cr104 Cr101 Cr107 Cr
Cash & bank4 Cr2 Cr3 Cr17 Cr9 Cr25 Cr40 Cr
Other assets164 Cr199 Cr299 Cr401 Cr562 Cr757 Cr951 Cr
Total assets677 Cr817 Cr1,102 Cr1,272 Cr1,534 Cr1,937 Cr2,240 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity61 Cr117 Cr57 Cr176 Cr245 Cr193 Cr304 Cr
Cash from investing-64 Cr-114 Cr-232 Cr-128 Cr-199 Cr-122 Cr-289 Cr
Cash from financing-31 Cr-9 Cr169 Cr-5 Cr-54 Cr-56 Cr0.37 Cr
Net cash flow-34 Cr-6 Cr-5 Cr43 Cr-8 Cr16 Cr15 Cr
Free cash flow (OCF − Capex)20 Cr43 Cr-50 Cr90 Cr116 Cr71 Cr126 Cr

Ratios

MetricMar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %11.8%17.7%11.6%19.9%26.9%17.1%18.9%
ROE %10.7%14.8%9.5%13.5%21.7%13.6%15.1%
Debtor days14131715161413
Inventory days18232322212323
Days payable7171415151513
Cash conversion cycle25192622222223
OCF / EBITDA %64.1%81.0%41.2%82.5%62.5%58.9%74.1%
OCF / EBITDA % (3 years)——62.1%70.5%64.2%65.8%65.7%
Debt / equity0.100.140.170.150.100.110.13
Current ratio2.191.451.801.882.282.602.47
Net debt / EBITDA0.510.580.990.590.280.390.41