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    Bikaji Foods International Limited

    Bikaner-based maker of bhujia, namkeen, packaged sweets and papad, sold across India and 40+ export markets.

    Fast Moving Consumer Goods
    Fast Moving Consumer Goods
    View BIKAJI earnings calls
    ₹660.2
    -0.04% from avg

    Overview

    Price

    ₹660.2

    Market Cap

    ₹16.0k Cr

    Sector

    Fast Moving Consumer Goods

    Fast Moving Consumer Goods

    Rank

    4

    Performance

    Financials

    Income Statement

    Financial Trajectories

    11
    Quarterly

    Balance Sheet

    Balance Sheet

    ₹ Cr · Annual
    Line itemFY20FY21FY22FY23FY24FY25FY26FY26
    LiabilitiesEquity Capital2424252525252525
    Reserves5045807989341.2k1.4k1.5k1.6k
    Borrowings5483141138139177310217
    Other Liabilities93115118143138154383159
    Total Liabilities6758031.1k1.2k1.5k1.8k2.2k2.0k
    AssetsFixed Assets406406480607753756988751
    CWIP33348701294131147
    Investments3687146416018052238
    Other Assets2302774075236777231.0k914
    Total Assets6758031.1k1.2k1.5k1.8k2.2k2.0k

    Cash Flow

    Cash Flow

    ₹ Cr · Annual
    Line itemFY20FY21FY22FY23FY24FY25FY26
    ActivitiesCash from Operating5112160177243214294
    Cash from Investing-54-129-220-131-207-192-311
    Cash from Financing-262157-2-45-88
    SummaryCapital Expenditure
    Free Cash Flow1251-3389120104158
    FCF Margin

    Valuation

    Assumptions

    Current — BIKAJI
    Price
    ₹660
    EPS (TTM)
    ₹10.74
    PE (TTM)
    61.5
    Profit growth
    26.3%

    The Earnings Per Share over the last 12 months.

    %

    Your assumption of the company's expected yearly EPS growth (e.g., 6 for 6%).

    Pre-filled with the lower of median (70.0×) and current (61.5×) PE — the conservative anchor.

    %

    The annualized return you aim to achieve. We solve for the price that delivers it, then compare to today's price.

    Valuation

    Current price
    ₹660
    vs
    Fair value · 15% return
    ₹975
    48%Undervalued

    At 26.3% growth and a 61× exit, ₹660 only delivers your return if you pay ₹975. The price is currently baking in 18% growth.

    EPS grows 26.3%/yr for 5 years, then fades to 6% over 2, exits at 61×.

    YearGrowthEPS (₹)
    FY2726.3%13.56
    FY2826.3%17.13
    FY2926.3%21.64
    FY3026.3%27.33
    FY3126.3%34.52
    FY3216.2% ·fade40.09
    FY336.0% ·fade42.50

    Methodology: we discount normalized net profit as a proxy for owner earnings (an earnings-power approximation — not full free cash flow). Terminal growth is capped at 6% (≈ nominal GDP) regardless of the required return. This is an analytical tool, not investment advice.

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