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Bikaji Foods International Ltd

Company details

376.50
384.55
303.05
447.00
6M Return 0.00%
1Y Return 19.14%
Mkt Cap.(Cr) 9,436.47
Volume 30,185
Div Yield 0.05%
OI
-
OI Chg %
-
Volume 30,185

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Bikaji Foods International Ltd.

Q3FY23 Quarterly Result Announced for Bikaji Foods International Ltd.

Bikaji Foods International announced Q3FY23 results:

  • Q3FY23 vs Q3FY22:
    • Revenue from operation stood at Rs 50,767.76 lakh in Q3FY23 as against Rs 43,897.60 lakh in Q3FY22 with a growth of 15.7%
    • The company’s EBITDA margin stood at 10.4% as against 5.6% in previous year
    • Profit Before Tax (PBT) stood at Rs 4,161.86 lakh for Q3FY23, PBT margin increased to 8.2% as against 3.6% for Q3FY22
    • Profit After Tax (PAT) stood at Rs 3,169.39 lakh for Q3FY23.
    • The PAT margin increased to 6.2% as against 2.4% in Q3FY22
    • Earnings per share (EPS) (Diluted) for the quarter ended Q3FY23 stood at Rs 1.32.
  • 9MFY23 vs 9MFY22:
    • Revenues from operations for the nine months ended December 31, 2022 stood at Rs 1,50,380.81 lakh as compared to Rs 1,21,070.81 lakh in 9MFY22 with a growth of 24.2%
    • The Earnings before Interest, Tax, Depreciation and Amortization (Core EBITDA) stand at Rs 15,099.85 lakh in 9MFY23, as against Rs 9,636.21 lakh in 9MFY22. EBITDA margin stood at 10%
    • Profit Before Tax (PBT) stood at Rs 11,923.94 lakh for 9MFY23 as compared to Rs 7,155.50 lakh in 9MFY22. PBT margin stood at 7.9%
    • Profit After Tax (PAT) reported stood at Rs 8,831.75 lakh in 9MFY23 as against Rs 5,165.87 lakh in 9MFY22.The company’s PAT margin stood at 5.9%
    • Earnings per share (EPS) (Diluted) for the nine months stood at Rs 3.64

Commenting on the results, Deepak Agarwal, Managing Director, Bikaji Foods International Limited said, "Taking the lead from the previous quarter, we have seen an increase in our revenue as compared to the last year with our topline delivering 24.2% growth this year. In the current quarter, we have seen a downward trend in our key input materials leading to improved profitability. Our EBITDA margin has increased to 10.0% in YTD Dec-22 as compared to 8.0% in YTD Dec-21 which was result of softening of input prices. We continue to focus on operational efficiencies which also reflects in a better profit margin this quarter. We hope that consumer demand will get better in the next quarter and we rally on in our growth journey while maintaining healthy margins. Our focus will be on strengthening our distribution network to achieve a deeper distribution model, and we will continue to efficiently execute our RTM strategy for distribution expansion."

Result PDF

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FINANCIALS

Sales

Operating Profit

Profit after Tax

Equity

Reserves and Surplus

Debt

Sales

Operating Profit

Profit after Tax

PE

Debt/Equity

P BV

COMPARISION

INSIDER & INSTITUIONAL ACTIVITY

Equity Capital: 820.75 Cr FV: 1.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 22,728.09 -29,609.20
LAST 3M 42,048.80 -31,382.80
LAST 6M 65,127.04 16,114.05
LAST 12M 194,271.06 -118,498.61

INFORMATION

Stock PE (TTM)

81.51

Promoter Holding

75.97%

Book Value

35.0752

ROCE

13.38%

ROE

10.66%

Description

  • Bikaji Foods International Limited was originally incorporated as a Public Limited Company under the name "Shivdeep Industries Limited" under the Companies Act, 1956, dated October 6, 1995 at Jaipur and received a Certificate of Commencement of Business from the RoC on October 27, 1995, following its conversion from erstwhile Partnership Firm, "Shivdeep Food Products" to "Shivdeep Industries Limited". Subsequently, name of the Company was changed from "Shivdeep Industries Limited" to "Bikaji Foods International Limited" pursuant to the Shareholders` Resolution dated September 8, 2011 and a fresh Certificate of Incorporation dated October 5, 2011 was issued by the RoC. The Company is the third largest ethnic snacks company in India with an international footprint, selling Indian snacks and sweets, and are the second fastest growing company in the Indian organised snacks market. Its product range includes six principal categories: bhujia, namkeen, packaged sweets, papad, western snacks as well as other snacks which primarily include gift packs (assortment), frozen food, mathri range and cookies. In the three months ended June 30, 2022, it sold more than 300 products under the `Bikaji` brand. The Company was the largest manufacturer of Bikaneri bhujia with annual production of 29,380 tonnes, and was second largest manufacturer of handmade papad with an annual production capacity of 9,000 tonnes in Fiscal 2022. It is also the third largest player in the organised sweets market with annual capacity of 24,000 tonnes for packaged rasgulla, 23,040 tonnes for soan papdi and 12,000 tonnes for gulab jamun. As of June 30, 2022, the Company had six depots, 38 superstockists, 416 direct and 1,956 indirect distributors that work with their superstockists, located across 23 states and 4 union territories in India. Further, it also started supplying products for sale in Indian army canteens from August 2022. Presently, it has seven operational manufacturing facilities with 4 facilities located in Bikaner (Rajasthan), one in Guwahati (Assam), one facility in Tumakuru (Tumkur) (Karnataka) held through of one of its subsidiary, Petunt Food Processors Private Limited to cater to southern markets in India and one facility in Muzaffarpur (Bihar) held through the other subsidiary, Vindhyawasini Sales Private Limited to cater to core market of Bihar, respectively. In addition, the Company has entered into an agreement with a contract manufacturing unit in Kolkata (West Bengal), that cater to certain parts of eastern India, and two contract manufacturing agreements with Group Company, Hanuman Agrofood at Bikaner and with another third-party contract manufacturer located at Kanpur, Uttar Pradesh. It also has one small facility in Mumbai to manage restaurant sales in Mumbai. Their manufacturing facilities are generally equipped with modern and automated production processes, with specialized custom-made manufacturing equipment obtained from national and international suppliers. In particular, the production process for bhujia, namkeen snacks and packaged tin-based sweets are automated. It also has started manufacturing papad through automation. However, most of papad products are handmade, and the Company indirectly work with rural women through independent contractors for production of papad. In 2006, the Company integrated business by forming amalgamation with four Group Companies, i.e., Bikaji Foods Private Limited, Shivdeep Food Products Private Limited, Bikaji Marketing Limited, and Dipu`s Foods Private Limited. In 2008, it commenced operations by opening of first restaurant, `Bikaji Food Junxon` in Mumbai. In 2016, it commissioned new facility at Karni Industrial Area, Bikaner. In 2019, it acquired a subsidiary, Petunt Food Processors Private Limited. In 2022, it acquired 100% stake of Vindhyawasini Sales Private Limited. The Company came out with a Public Issue during November, 2022 by raising Rs. 880.845 crores through Offer for Sale.

No Data Found

AGM Date (Month) : Sep
Face Value Equity Shares : 1
Market Lot Equity Shares : 1
BSE Code : 543653
NSE Code : BIKAJI
Book Closure Date (Month) :
BSE Group : B
ISIN : INE00E101023

ICICIdirect Bikaji Foods International Ltd FAQ

You can buy Bikaji Foods International Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Bikaji Foods International Ltd Share.
Company share prices and volatile and keep changing according to the market conditions. As of Feb 08, 2023 04:01 PM the closing price of Bikaji Foods International Ltd was ₹ 378.20.
Market capitalization or market cap is determined by multiplying the current market price of a company’s shares with the total number of shares outstanding. As of Feb 08, 2023 04:01 PM, the market cap of Bikaji Foods International Ltd stood at ₹ 9,436.47.
The latest PE ratio of Bikaji Foods International Ltd as of Feb 08, 2023 04:01 PM is 81.51
The latest PB ratio of Bikaji Foods International Ltd as of Feb 08, 2023 04:01 PM is 0.09
The 52-week high of Bikaji Foods International Ltd is ₹ 447.00 while the 52-week low is ₹ 303.05

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