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)Key metrics
Price as of 2026-10-16
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.
Loading price history…
Compare with peers
Loading peers…
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
- ✓Debt-to-equity of 0.13x — the company is largely funded by its own money, not borrowed funds.
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
| Metric | Sept 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 609 Cr | 624 Cr | 614 Cr | 572 Cr | 721 Cr | 715 Cr | 614 Cr | 653 Cr | 830 Cr | 790 Cr | 721 Cr | 734 Cr |
| Operating expenses (approx.) | 521 Cr | 549 Cr | 453 Cr | 481 Cr | 614 Cr | 659 Cr | 539 Cr | 556 Cr | 702 Cr | 692 Cr | 633 Cr | 635 Cr |
| EBITDA | 88 Cr | 75 Cr | 161 Cr | 92 Cr | 107 Cr | 55 Cr | 74 Cr | 96 Cr | 128 Cr | 98 Cr | 88 Cr | 99 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 income | 6 Cr | 6 Cr | 12 Cr | 7 Cr | 8 Cr | 8 Cr | 10 Cr | 10 Cr | 12 Cr | 11 Cr | 18 Cr | 13 Cr |
| Interest | 3 Cr | 3 Cr | 3 Cr | 3 Cr | 3 Cr | 4 Cr | 5 Cr | 5 Cr | 5 Cr | 4 Cr | 4 Cr | 5 Cr |
| Depreciation | 16 Cr | 16 Cr | 15 Cr | 18 Cr | 19 Cr | 21 Cr | 25 Cr | 23 Cr | 24 Cr | 24 Cr | 24 Cr | 26 Cr |
| Profit before tax | 75 Cr | 62 Cr | 155 Cr | 78 Cr | 93 Cr | 39 Cr | 55 Cr | 79 Cr | 107 Cr | 82 Cr | 77 Cr | 81 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 profit | 60 Cr | 46 Cr | 116 Cr | 58 Cr | 69 Cr | 28 Cr | 40 Cr | 59 Cr | 78 Cr | 62 Cr | 56 Cr | 59 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
| Metric | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|
| Sales | 1,075 Cr | 1,311 Cr | 1,611 Cr | 1,966 Cr | 2,329 Cr | 2,622 Cr | 2,994 Cr | Sign in free for the trailing twelve months |
| Operating expenses (approx.) | 980 Cr | 1,166 Cr | 1,471 Cr | 1,752 Cr | 1,938 Cr | 2,294 Cr | 2,583 Cr | Sign in free for the trailing twelve months |
| EBITDA | 95 Cr | 145 Cr | 140 Cr | 214 Cr | 391 Cr | 328 Cr | 411 Cr | Sign 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 income | 8 Cr | 11 Cr | 10 Cr | 15 Cr | 27 Cr | 33 Cr | 51 Cr | Sign in free for the trailing twelve months |
| Interest | 5 Cr | 3 Cr | 7 Cr | 47 Cr | 11 Cr | 15 Cr | 18 Cr | Sign in free for the trailing twelve months |
| Depreciation | 34 Cr | 33 Cr | 38 Cr | 11 Cr | 60 Cr | 82 Cr | 95 Cr | Sign in free for the trailing twelve months |
| Profit before tax | 64 Cr | 120 Cr | 105 Cr | 171 Cr | 348 Cr | 264 Cr | 345 Cr | Sign 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 profit | 56 Cr | 90 Cr | 76 Cr | 127 Cr | 263 Cr | 194 Cr | 254 Cr | Sign in free for the trailing twelve months |
| EPS (₹) | ₹2.32 | ₹3.71 | ₹3.15 | ₹5.15 | ₹10.63 | ₹8.02 | ₹10.31 | Sign 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 |
The latest four quarters added up, next to each full year
Balance sheet
Annual · ₹ Cr · tap + rows to expand
| Metric | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Equity capital | 24 Cr | 24 Cr | 25 Cr | 25 Cr | 25 Cr | 25 Cr | 25 Cr |
| Reserves | 505 Cr | 581 Cr | 796 Cr | 929 Cr | 1,193 Cr | 1,358 Cr | 1,582 Cr |
| Borrowings | 52 Cr | 86 Cr | 141 Cr | 144 Cr | 119 Cr | 154 Cr | 210 Cr |
| Other liabilities | 95 Cr | 123 Cr | 140 Cr | 176 Cr | 199 Cr | 303 Cr | 322 Cr |
| Total liabilities | 677 Cr | 817 Cr | 1,102 Cr | 1,272 Cr | 1,534 Cr | 1,937 Cr | 2,240 Cr |
| Fixed assets (net) | 390 Cr | 407 Cr | 479 Cr | 601 Cr | 728 Cr | 785 Cr | 798 Cr |
| CWIP | 3 Cr | 36 Cr | 49 Cr | 70 Cr | 12 Cr | 96 Cr | 150 Cr |
| Investments | 37 Cr | 69 Cr | 126 Cr | 26 Cr | 37 Cr | 64 Cr | 73 Cr |
| Loans & advances | — | — | — | 0 Cr | 0 Cr | 1 Cr | 3 Cr |
| Inventories | 36 Cr | 57 Cr | 73 Cr | 78 Cr | 82 Cr | 108 Cr | 117 Cr |
| Trade receivables | 42 Cr | 47 Cr | 73 Cr | 79 Cr | 104 Cr | 101 Cr | 107 Cr |
| Cash & bank | 4 Cr | 2 Cr | 3 Cr | 17 Cr | 9 Cr | 25 Cr | 40 Cr |
| Other assets | 164 Cr | 199 Cr | 299 Cr | 401 Cr | 562 Cr | 757 Cr | 951 Cr |
| Total assets | 677 Cr | 817 Cr | 1,102 Cr | 1,272 Cr | 1,534 Cr | 1,937 Cr | 2,240 Cr |
Cash flows
Annual · ₹ Cr · tap + rows to expand · last column includes FCF
| Metric | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Cash from operating activity | 61 Cr | 117 Cr | 57 Cr | 176 Cr | 245 Cr | 193 Cr | 304 Cr |
| Cash from investing | -64 Cr | -114 Cr | -232 Cr | -128 Cr | -199 Cr | -122 Cr | -289 Cr |
| Cash from financing | -31 Cr | -9 Cr | 169 Cr | -5 Cr | -54 Cr | -56 Cr | 0.37 Cr |
| Net cash flow | -34 Cr | -6 Cr | -5 Cr | 43 Cr | -8 Cr | 16 Cr | 15 Cr |
| Free cash flow (OCF − Capex) | 20 Cr | 43 Cr | -50 Cr | 90 Cr | 116 Cr | 71 Cr | 126 Cr |
Ratios
| Metric | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 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 days | 14 | 13 | 17 | 15 | 16 | 14 | 13 |
| Inventory days | 18 | 23 | 23 | 22 | 21 | 23 | 23 |
| Days payable | 7 | 17 | 14 | 15 | 15 | 15 | 13 |
| Cash conversion cycle | 25 | 19 | 26 | 22 | 22 | 22 | 23 |
| 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 / equity | 0.10 | 0.14 | 0.17 | 0.15 | 0.10 | 0.11 | 0.13 |
| Current ratio | 2.19 | 1.45 | 1.80 | 1.88 | 2.28 | 2.60 | 2.47 |
| Net debt / EBITDA | 0.51 | 0.58 | 0.99 | 0.59 | 0.28 | 0.39 | 0.41 |