Bikaji Foods International Ltd, established in 1986 by Shri Shivratan Agarwal, has grown to become one of India’s most recognized names in the fast-moving consumer goods (FMCG) sector. Headquartered in Bikaner, Rajasthan, the company leverages its rich heritage in traditional Indian snacks to offer a wide range of products that cater to both domestic and international markets. Bikaji is particularly famous for its “Bikaneri Bhujia,” a spicy and crispy snack that has garnered immense popularity, establishing itself as a staple in Indian households and a beloved choice among Indian communities worldwide. Beyond bhujia, the company’s diverse product portfolio includes an array of namkeen (savory snacks), sweets, papad, pellets, chips, frozen foods, and bakery items like mathris and cookies, ensuring there is something for everyone.
Bikaji’s growth strategy focuses on leveraging a multi-channel distribution network to reach its customers. The brand has a strong presence in modern retail markets, traditional brick-and-mortar stores, and convenience outlets, while also embracing digital transformation through online platforms and direct-to-consumer sales channels. This approach has enabled Bikaji to effectively expand its market presence, not just within India but across the globe, with exports reaching North America, Europe, the Asia Pacific, the Middle East, Africa, and the United Kingdom. In addition to its wide range of products, the company has also introduced festive gift packs and premium offerings, catering to diverse consumer needs and preferences. With its commitment to quality and innovation, Bikaji continues to uphold its legacy while expanding its footprint in the global snacking industry, reflecting a blend of traditional flavors and modern business strategies.
Shareholding Patterns of Bikaji Foods International Ltd
Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | |
Promoters + | 75.37% | 75.21% | 75.18% | 75.10% | 75.10% |
FIIs + | 5.46% | 7.02% | 6.89% | 7.66% | 7.51% |
DIIs + | 12.42% | 13.55% | 13.96% | 13.51% | 13.32% |
Public + | 6.74% | 4.22% | 3.99% | 3.72% | 4.06% |
No. of Shareholders | 75,172 | 85,411 | 86,930 | 85,927 | 92,097 |
Over the five quarters from June 2023 to June 2024, the shareholding pattern of Bikaji Foods International Ltd reflects a dynamic shift in investor interest and market sentiment. The promoters retained a dominant position with a consistent stake, albeit slightly reduced from 75.37% in June 2023 to 75.10% by June 2024. Foreign Institutional Investors (FIIs) showed increased engagement, raising their holdings from 5.46% in June 2023 to a peak of 7.66% in March 2024 before slightly dipping to 7.51% by June 2024. Similarly, Domestic Institutional Investors (DIIs) increased their share from 12.42% in June 2023 to 13.96% in December 2023, though this figure slightly decreased to 13.32% by June 2024. Public shareholding saw a decline from 6.74% in June 2023 to 3.72% in March 2024, but there was a modest recovery to 4.06% by June 2024. Meanwhile, the number of shareholders grew steadily from 75,172 in June 2023 to 92,097 by June 2024, indicating rising interest from individual investors. This data suggests strong institutional interest, stable promoter confidence, and a growing investor base, despite some fluctuations in public holdings.
How to Purchase Bikaji Foods International Shares?
Below are the trading platforms that you can use to purchase Bikaji Foods International shares:
➤ Zerodha
➤ Upstox
➤ Groww
➤ AngelOne
➤ ICICIDirect
Bikaji Foods International Ltd Share Price Prediction: 2024 to 2030
Bikaji Foods International Share Price Target 2024
When | Maximum Price | Minimum Price |
September 2024 | 890.05 | 773.96 |
October 2024 | 881.24 | 766.30 |
November 2024 | 916.49 | 796.95 |
December 2024 | 925.66 | 804.92 |
In September 2024, Bikaji Foods International is projected to see its maximum price reach ₹890.05, with a minimum expected at ₹773.96. Moving into October, the maximum price is likely to be ₹881.24, while the minimum may be ₹766.30. By November 2024, Bikaji Foods International’s maximum price could climb to ₹916.49, and the minimum might rise to ₹796.95. As we approach December 2024, the maximum price is anticipated to peak at ₹925.66, with the minimum price estimated at ₹804.92.
Bikaji Foods International Share Price Target 2025
When | Maximum Price | Minimum Price |
January 2025 | 934.91 | 719.16 |
February 2025 | 944.36 | 726.43 |
March 2025 | 964.19 | 741.68 |
April 2025 | 954.64 | 734.34 |
May 2025 | 926.84 | 712.95 |
June 2025 | 968.54 | 745.03 |
July 2025 | 949.55 | 730.43 |
August 2025 | 978.92 | 753.02 |
September 2025 | 990.67 | 762.05 |
October 2025 | 1,016.42 | 781.87 |
November 2025 | 1,041.84 | 801.41 |
December 2025 | 1,088.72 | 837.48 |
As we step into January 2025, Bikaji Foods International is expected to reach a maximum price of ₹934.91, with a minimum forecasted at ₹719.16. By December 2025, Bikaji Foods International’s maximum price could climb to ₹1,088.72, while the minimum might be ₹837.48.
Bikaji Foods International Share Price Target 2026
When | Maximum Price | Minimum Price |
January 2026 | 1,121.38 | 862.60 |
February 2026 | 1,093.35 | 841.03 |
March 2026 | 1,115.21 | 857.86 |
April 2026 | 1,137.97 | 875.36 |
May 2026 | 1,126.70 | 866.70 |
June 2026 | 1,154.87 | 888.36 |
July 2026 | 1,132.23 | 870.94 |
August 2026 | 1,167.24 | 897.88 |
September 2026 | 1,190.59 | 915.84 |
October 2026 | 1,221.55 | 939.65 |
November 2026 | 1,252.08 | 963.14 |
December 2026 | 1,283.39 | 987.22 |
Bikaji Foods International Share Price Target 2027
When | Maximum Price | Minimum Price |
January 2027 | 1,296.22 | 997.09 |
February 2027 | 1,329.46 | 1,022.66 |
March 2027 | 1,381.30 | 1,062.54 |
April 2027 | 1,354.22 | 1,041.71 |
May 2027 | 1,314.78 | 1,011.37 |
June 2027 | 1,373.94 | 1,056.88 |
July 2027 | 1,347.00 | 1,036.16 |
August 2027 | 1,388.66 | 1,068.20 |
September 2027 | 1,437.27 | 1,105.59 |
October 2027 | 1,474.63 | 1,134.33 |
November 2027 | 1,511.50 | 1,162.69 |
December 2027 | 1,549.29 | 1,191.76 |
Bikaji Foods International Share Price Target 2028
When | Maximum Price | Minimum Price |
January 2028 | 1,580.27 | 1,215.59 |
February 2028 | 1,620.79 | 1,246.76 |
March 2028 | 1,684.00 | 1,295.39 |
April 2028 | 1,650.98 | 1,269.99 |
May 2028 | 1,602.90 | 1,233.00 |
June 2028 | 1,675.03 | 1,288.48 |
July 2028 | 1,642.18 | 1,263.22 |
August 2028 | 1,692.97 | 1,302.29 |
September 2028 | 1,752.23 | 1,347.87 |
October 2028 | 1,797.79 | 1,382.91 |
November 2028 | 1,842.73 | 1,417.48 |
December 2028 | 1,888.80 | 1,452.92 |
Bikaji Foods International Share Price Target 2029
When | Maximum Price | Minimum Price |
January 2029 | 1,926.57 | 1,481.98 |
February 2029 | 1,975.97 | 1,519.98 |
March 2029 | 2,053.04 | 1,579.26 |
April 2029 | 2,012.78 | 1,548.29 |
May 2029 | 1,954.16 | 1,503.20 |
June 2029 | 2,042.09 | 1,570.84 |
July 2029 | 2,002.05 | 1,540.04 |
August 2029 | 2,063.97 | 1,587.67 |
September 2029 | 2,136.21 | 1,643.24 |
October 2029 | 2,191.75 | 1,685.96 |
November 2029 | 2,246.55 | 1,728.11 |
December 2029 | 2,302.71 | 1,771.31 |
Bikaji Foods International Share Price Target 2030
When | Maximum Price | Minimum Price |
January 2030 | 2,348.76 | 1,806.74 |
February 2030 | 2,408.99 | 1,853.07 |
March 2030 | 2,502.94 | 1,925.34 |
April 2030 | 2,453.86 | 1,887.59 |
May 2030 | 2,382.39 | 1,832.61 |
June 2030 | 2,489.60 | 1,915.07 |
July 2030 | 2,440.78 | 1,877.52 |
August 2030 | 2,516.27 | 1,935.59 |
September 2030 | 2,604.34 | 2,003.34 |
October 2030 | 2,672.05 | 2,055.42 |
November 2030 | 2,738.85 | 2,106.81 |
December 2030 | 2,807.32 | 2,159.48 |
In January 2030, Bikaji Foods International is anticipated to reach a maximum price of ₹2,348.76, with a minimum of ₹1,806.74. By December 2030, Bikaji Foods International’s maximum price is expected to rise to ₹2,807.32, while the minimum could be ₹2,159.48.
Financial Condition of Bikaji Foods International Ltd: Last 5 years
Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
Sales + | 1,075 | 1,308 | 1,599 | 1,944 | 2,295 | 2,379 |
Expenses + | 980 | 1,163 | 1,456 | 1,732 | 1,900 | 1,959 |
Operating Profit | 94 | 145 | 142 | 212 | 395 | 419 |
OPM % | 9% | 11% | 9% | 11% | 17% | 18% |
Other Income + | 8 | 11 | 10 | 22 | 26 | 30 |
Interest | 6 | 3 | 7 | 9 | 9 | 9 |
Depreciation | 34 | 33 | 37 | 45 | 56 | 61 |
Profit before tax | 62 | 120 | 109 | 181 | 356 | 379 |
Tax % | 11% | 25% | 27% | 23% | 24% | |
Net Profit + | 55 | 90 | 80 | 138 | 270 | 287 |
EPS in Rs | 22.82 | 36.91 | 3.2 | 5.55 | 10.77 | 11.47 |
Dividend Payout % | 9% | 5% | 3% | 14% | 9% |
Bikaji Foods International Ltd has demonstrated strong financial growth from March 2020 to March 2024, marked by a consistent rise in sales from ₹1,075 crore to ₹2,295 crore, with trailing twelve-month (TTM) sales reaching ₹2,379 crore. Operating profits grew significantly from ₹94 crore to ₹395 crore, with a further increase to ₹419 crore in the TTM, reflecting improved efficiency as seen in the rise of the Operating Profit Margin (OPM) from 9% to 18%. The company’s net profit more than doubled, moving from ₹55 crore in March 2020 to ₹270 crore in March 2024, with the TTM net profit at ₹287 crore, while earnings per share (EPS) grew from ₹22.82 to ₹11.47 over the same period. Other income also showed an increase, and interest expenses remained stable, although depreciation costs rose, reflecting continued investment in assets. Despite fluctuations in the tax rate, which settled around 24%, the company maintained a balanced dividend payout strategy, reaching a peak of 14% in March 2023. Overall, Bikaji Foods exhibits robust financial health, driven by steady revenue growth, improved margins, and effective cost management.
FAQs
What is the current valuation of Bikaji Foods International in the stock market?
Bikaji Foods International’s current market capitalization is an impressive ₹21,565 Crores.
What’s the latest price tag on a share of Bikaji Foods International?
As of September 08, 2024, the share price of Bikaji Foods International stands at ₹861.
What’s the investment outlook for Bikaji Foods International in 2024?
The 2024 outlook for Bikaji Foods International suggests a price range fluctuating between ₹766.308 to ₹925.66.
What’s the anticipated share value of Bikaji Foods International in 2030?
In 2030, the share price of Bikaji Foods International is forecasted to vary from ₹1,806.74 (minimum) to ₹2,807.32 (maximum).
What’s the recent trend in Bikaji Foods International’s return on equity (ROE)?
Bikaji Foods International’s ROE remains a challenge, yet there’s a slight improvement, reaching 24.7 %.
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Conclusion
Bikaji Foods International Ltd has shown a strong trajectory of financial growth and operational efficiency from March 2020 to March 2024. The company’s sales have more than doubled, rising from ₹1,075 crore to ₹2,295 crore, reflecting its successful expansion and strong market presence. Operating profit and the Operating Profit Margin (OPM) have significantly improved, underscoring effective cost management and increased profitability. The net profit has more than quadrupled, highlighting exceptional performance and operational strength, with earnings per share (EPS) also showing a commendable rise. The steady increase in revenue, coupled with improved margins and a balanced dividend payout strategy, reflects a solid financial foundation and promising future outlook. With an impressive market capitalization and favorable projections for both 2024 and 2030, Bikaji Foods International is well-positioned for continued success, driven by its strong brand, diverse product range, and effective growth strategies.
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