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Bikaji Foods International Ltd.
(BIKAJI)
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Rating:63Neutral
Price Target:
₹644.00
▼(-10.49% Downside)
Action:Reiterated
Date:08/23/26
The score is driven primarily by solid financial performance (growth, healthy margins, and low leverage), but is meaningfully reduced by weak technical trend signals (below all major moving averages with negative MACD) and an expensive valuation (high P/E with minimal dividend support).
Positive Factors
Steady Revenue Growth
A sustained growth trajectory indicates expanding consumer demand and distribution reach. Re-acceleration in 2026 supports the durability of Bikaji’s branded packaged-food model across domestic and export markets.
Negative Factors
Margin Volatility
Margin declines suggest exposure to input-cost inflation, pricing pressure or higher operating expenses. If this variability persists, revenue growth may translate less efficiently into earnings and reduce the durability of profitability.
Read all positive and negative factors
Positive Factors
Negative Factors
Steady Revenue Growth
A sustained growth trajectory indicates expanding consumer demand and distribution reach. Re-acceleration in 2026 supports the durability of Bikaji’s branded packaged-food model across domestic and export markets.
Read all positive factors
Bikaji Foods International Ltd. (BIKAJI) vs. iShares MSCI India ETF (INDA)
Market Cap
₹137.53B
Dividend Yield0.23%
Average Volume (3M)48.96K
Price to Earnings (P/E)53.2
Beta (1Y)0.86
Revenue Growth13.81%
EPS Growth27.77%
CountryIN
Employees3,040
SectorGeneral
Sector StrengthN/A
IndustryPackaged Foods
Share Statistics
EPS (TTM)10.31
Shares Outstanding250,736,400
10 Day Avg. Volume22,832
30 Day Avg. Volume48,958
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)12.85
Revenue Forecast (FY)₹34.36B
Bikaji Foods International Ltd. Business Overview & Revenue Model
Company Description
Bikaji Foods International Limited, together with its subsidiaries, manufactures, purchases, and sells snack food products in India and internationally. It offers bhujia, namkeen, sweets, papad, pellets, chips, and other snacks, as well as frozen ...
How the Company Makes Money
BIKAJI makes money mainly by selling packaged food products under its brand portfolio through a mix of domestic and international channels. Its core revenue stream is the sale of manufactured packaged snacks and savouries (including bhujia and oth...
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 | 30.32B | 29.94B | 25.53B | 22.34B | 19.63B | 16.08B |
| Gross Profit | 9.66B | 7.56B | 7.44B | 6.95B | 5.51B | 4.23B |
| EBITDA | 4.64B | 4.58B | 3.55B | 4.15B | 2.34B | 1.48B |
| Net Income | 2.59B | 2.58B | 2.01B | 2.66B | 1.37B | 779.51M |
Balance Sheet | ||||||
| Total Assets | 0.00 | 22.40B | 19.37B | 15.34B | 12.72B | 11.02B |
| Cash, Cash Equivalents and Short-Term Investments | 2.42B | 3.40B | 2.55B | 1.36B | 1.45B | 1.26B |
| Total Debt | 0.00 | 2.99B | 2.31B | 1.66B | 1.70B | 1.60B |
| Total Liabilities | -17.07B | 5.32B | 4.56B | 3.17B | 3.18B | 2.81B |
| Stockholders Equity | 17.07B | 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
619.99
Negative
640.58
Negative
655.80
Negative
Market Momentum
-15.97
Positive
21.70
Positive
2.19
Positive
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 596.25, above the 50-day MA of 619.99, and above the 200-day MA of 655.80, indicating a bearish trend. The MACD of -15.97 indicates Positive momentum. The RSI at 21.70 is Positive, neither overbought nor oversold. The STOCH value of 2.19 is Positive, 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 (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | ₹26.29B | 73.32 | ― | 0.10% | -1.17% | -4.11% | |
63 Neutral | ₹137.53B | 53.18 | ― | 0.23% | 13.81% | 27.77% | |
58 Neutral | ₹26.46B | 230.44 | ― | 0.05% | 6.42% | ― | |
57 Neutral | ₹74.46B | 50.10 | ― | 0.54% | 11.11% | 6.30% | |
57 Neutral | ₹32.20B | 38.24 | ― | 0.39% | 12.01% | ― | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
47 Neutral | ₹29.65B | 32.20 | ― | 0.45% | 19.44% | 31.16% |
* General Sector Average
IN:BIKAJI
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Bikaji Foods International Ltd. Corporate Events
Bikaji Foods Shares FY26 Earnings Call Transcript With Investors
May 26, 2026
Bikaji Foods International Ltd. notified stock exchanges that it conducted an earnings conference call with investors and analysts on May 22, 2026, to discuss its audited standalone and consolidated financial results for the quarter and financial ...
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.