Financials Bikaji Foods International Limited

Equities

BIKAJI

INE00E101023

Food Processing

End-of-day quote NSE India S.E. 03:30:00 31/05/2024 am IST 5-day change 1st Jan Change
593.8 INR +9.30% Intraday chart for Bikaji Foods International Limited +6.75% +8.74%

Valuation

Fiscal Period: March 2023 2024 2025 2026
Capitalization 1 90,472 1,48,689 - -
Enterprise Value (EV) 1 90,472 1,22,800 1,46,481 1,43,914
P/E ratio 70.5 x 46.1 x 54.4 x 45.4 x
Yield 0.21% 0.24% 0.38% 0.42%
Capitalization / Revenue 4.6 x 5.27 x 5.6 x 4.8 x
EV / Revenue 4.6 x 5.27 x 5.52 x 4.65 x
EV / EBITDA 42.4 x 31.4 x 36.2 x 30.5 x
EV / FCF 101 x 70 x 46.2 x 55.6 x
FCF Yield 0.99% 1.43% 2.17% 1.8%
Price to Book 9.49 x 12.8 x 10.2 x 8.56 x
Nbr of stocks (in thousands) 2,49,510 2,50,382 - -
Reference price 2 362.6 593.8 593.8 593.8
Announcement Date 23/05/23 23/05/24 - -
1INR in Million2INR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March 2022 2023 2024 2025 2026
Net sales 1 - 19,661 23,293 26,531 30,978
EBITDA 1 - 2,136 3,913 4,051 4,714
EBIT 1 - 1,665 3,313 3,387 4,024
Operating Margin - 8.47% 14.22% 12.77% 12.99%
Earnings before Tax (EBT) 1 - 1,706 3,479 3,615 4,358
Net income 1 779.5 1,285 2,657 2,726 3,279
Net margin - 6.54% 11.41% 10.27% 10.58%
EPS 2 3.150 5.140 10.63 10.91 13.08
Free Cash Flow 1 - 896.7 2,096 3,173 2,587
FCF margin - 4.56% 9.02% 11.96% 8.35%
FCF Conversion (EBITDA) - 41.98% 55.99% 78.34% 54.88%
FCF Conversion (Net income) - 69.76% 84.37% 116.41% 78.9%
Dividend per Share 2 - 0.7500 1.450 2.267 2.475
Announcement Date 03/09/22 23/05/23 23/05/24 - -
1INR in Million2INR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: March 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4
Net sales 1 - 4,623 4,821 6,078 6,235 5,896
EBITDA 1 - 618.4 657.8 821 805 1,609
EBIT - - - - - -
Operating Margin - - - - - -
Earnings before Tax (EBT) - - - - - -
Net income 330.6 377.1 - 531.7 500 1,108
Net margin - 8.16% - 8.75% 8.02% 18.79%
EPS 1.320 - - - - -
Dividend per Share - - - - - -
Announcement Date 25/01/23 23/05/23 01/08/23 - - -
1INR in Million
Estimates

Balance Sheet Analysis

Fiscal Period: March 2022 2023 2024 2025 2026
Net Debt 1 - - - - -
Net Cash position 1 - - 1,972 2,208 4,775
Leverage (Debt/EBITDA) - - - - -
Free Cash Flow 1 - 897 2,097 3,173 2,587
ROE (net income / shareholders' equity) - 14.5% 23.2% 20% 20.3%
ROA (Net income/ Total Assets) - - - - -
Assets 1 - - - - -
Book Value Per Share 2 - 38.20 46.50 58.10 69.40
Cash Flow per Share - - - - -
Capex 1 - 865 724 470 555
Capex / Sales - 4.4% 3.12% 1.77% 1.79%
Announcement Date 03/09/22 23/05/23 23/05/24 - -
1INR in Million2INR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
5
Last Close Price
593.8 INR
Average target price
649 INR
Spread / Average Target
+9.29%
Consensus

Quarterly revenue - Rate of surprise

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