Bikaji Foods’ history and lineage traces back to Mr. Gangabishan Agarwal, founder of Haldiram brand. His grandson, Mr. Shiv Ratan Agarwal, founder and one of Promoters, continued his legacy and developed extensive experience in the Indian ethnic snacks industry. Mr. Shiv Ratan Agarwal launched the Bikaji brand in the year 1993 with an in-depth understanding of Indian tastes and preferences.
They have over the years established market leadership in the ethnic snacks market in core states of Rajasthan, Assam and Bihar with extensive reach, and have gradually expanded footprint across India, with operations across 22 states and three union territories as of September 30, 2021. In the six months ended September 30, 2021, they have exported their products to 35 international countries, including countries in North America, Europe, Middle East, Africa, and Asia Pacific, representing 4.60% of sales of food products in such period.
Bikaji Foods are one of India’s largest fast-moving consumer goods (“FMCG”) brands with an international footprint, selling Indian snacks and sweets and are among the fastest growing companies in the Indian organised snacks market.
They were largest manufacturer of Bikaneri bhujia with annual production of 26,690 tonnes and were the second largest manufacturer of handmade papad with an annual production capacity of 9,000 tonnes in Fiscal 2021. They are also one of the largest manufacturers of packaged rasgulla with the annual capacity of 24,000 tonnes and one of the largest manufacturers of soan papdi and gulab jamun with annual capacity of 23,040 tonnes and 12,000 tonnes respectively.
Bikaji Foods are one of the pioneers in the Indian packaged snacks industry which has given a novel twist to classic Indian snacks with a contemporary taste along with maintaining the regional flavours to address the evolving consumer preferences in India and internationally.
Major Products of Bikaji Foods:
Their product range includes six principal categories: bhujia, namkeen, packaged sweets, papad, western snacks as well as other snacks which primarily includes gift packs (assortment), frozen food, mathri range and cookies. In the six months ended September 30, 2021, they sold more than 250 products under the Bikaji brand.
Revenue Contributors – Diversified Product Portfolio
Bhujia:
Namkeen:
Sweet:
Papad:
Western Snack:
Source: Bikaji Foods IPO DRHP
Bikaji Foods Infrastructure:
Source: Bikaji Foods IPO DRHP
Retail Partners of Bikaji Foods:
Source: Bikaji Foods International Annual Report
Bikaji Foods Distribution Network:
Source: Bikaji Foods Annual Report. Map for graphical representation only.
Bikaji Food Junxon:
With a view to increase its retail presence and enhance brand penetration among the consumers, Bikaji launched its first restaurant ‘Bikaji Food Junxon’ in the year 2008. Situated at Malad, Mumbai, this expensive showroom not only opened newer avenues for Bikaji, but also added wings to its confidence.
With around 30 exclusive stores and 10 factory depots across India, Bikaji continues to expand its horizons, offering the ultimate royal experience to its consumers.
| Name | Bikaji Foods International Limited Unlisted Shares |
|---|---|
| Face Value | Rs.1 |
| ISIN Code | INE00E101023 |
| PAN | AAICS1030P |
| Particulars | 2020-21 | 2019-20 | 2018-19 |
|---|---|---|---|
| Revenue from operations | 13,107.49 | 10,745.51 | 9,013.62 |
| Total income | 13,222.12 | 10,829.01 | 9,106.46 |
| Cost of materials consumed | 9,092.57 | 7,208.37 | 6,279.67 |
| Total expenses | 12,020.99 | 10,192.60 | 8,347.90 |
| Profit before tax | 1,201.13 | 636.41 | 758.56 |
| Profit after tax | 903.36 | 563.71 | 509.29 |
| EPS (In INR) | 3 .71 | 2 .32 | 2 .11 |
*Rates mentioned in the chart are indicative.
Total Number of Outstanding Shares: 249,509,880 (As per Bikaji Foods IPO DRHP)
Market Cap Scenarios:
At 250 Rs/Share, Bikaji Foods Unlisted Shares values the company at approx. Rs. 6,237.7 crores.
This are just pre-defined scenarios, since the market cap is variable to price, you can calculate the latest market cap based on the ongoing rates of Bikaji Foods unlisted shares.
At 300 Rs/Share, Bikaji Foods Unlisted Shares values the company at approx. Rs. 7,485.29 crores.
This are just pre-defined scenarios, since the market cap is variable to price, you can calculate the latest market cap based on the ongoing rates of Bikaji Foods unlisted shares.
At 400 Rs/Share, Bikaji Foods Unlisted Shares values the company at approx. Rs. 9,980 crores.
This are just pre-defined scenarios, since the market cap is variable to price, you can calculate the latest market cap based on the ongoing rates of Bikaji Foods unlisted shares.
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