Bikaji Food International Unlisted Shares

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₹ 310

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₹ 440

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Company Overview

Bikaji Foods International Ltd is India’s fastest growing ethnic snacks company. The company is the largest manufacturer of bhujia, namkeen and packaged sweets in India. The company sells its products through its Bikaji brand, endorsed by Mr. Amitabh Bachchan. 

The company also exports its products to 35 countries with export turnover representing around 5% of the total sales. 

Business Model

The company is the largest manufacturer of bhujia, namkeen and packaged sweets including rasgulla, gulab jamun, soan papdi and 2ND largest manufacturer of handmade papad in India. The turnover of bhujia and namkeen comprises 72%, packaged sweets (13%), papad (6%) of the total turnover. The company’s products are available in various sizes of pouches, ranging from 14-25 grams (₹5) to 1 kilogram (₹300). 

The company has six state-of-the-art manufacturing plants, located in Bikaner, Rajasthan (4), Guwahati, Assam (1) and Tumkur, Karnataka (1). The company also works with contract manufacturers in Rajasthan, UP, Bihar and Kolkata to meet the demand. 

The company has a pan-India distribution network of 5 depots, 43 superstockists, 438 direct and 1644 indirect distributors that work with superstockists, located across 22 states and 3 union territories in India. 

Besides general trade, the company earns around 6% of its total sales from modern trade (supermarkets, hypermarkets, and retail chains), 5% from exports and around 1.5% from e-commerce platforms. 

The core markets of the company are Rajasthan, Bihar and Assam where it commands 44%, 58%, and 29% market share of the total organized Indian ethnic snacks market respectively. 

Registered Address

The registered office of the company is located at F 196-199, Bichhwal Industrial Area, Bikaner, Rajasthan.

Key Highlights

  • Bikaji brand is the strong leader in the ethnic snacks category with the largest producer of Bhujia, Namkeen and packaged sweets, across India.
  • The company has shown consistent financial performance by growing its turnover 68% and net profit 75% in the last three years. The company also remains almost debt-free with a debt-equity ratio of 0.14 (2021).
  • Bikaji has developed a diversified product portfolio with pan-India and global distribution network to compete effectively against large MNCs.
  • Backed by marquee institutional investors: Avendus, Axis AMC, Lighthouse, and IIFL.
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Financial Highlights

Particulars2020-212019-202018-192017-18
Total Revenues (₹ crores)1,322.211,082.90910.64785.81
PAT/(Loss) (₹ crores)90.3356.3750.9252.81
Diluted EPS (₹)3.712.322.1122.63
Book Value per Share (₹)249.90217.67193.24126.37
Equity (₹ crores)607.50529.16469.77307.21

Financial Charts

Historical Chart

Shareholding Pattern

Peer Comparison

Market Cap (₹ crs.)Profitability MarginROCEROED/E ratioP/E ratioP/B RatioBook Value per Share (₹)
Prataap Snacks Ltd1,7361.20%2.31%2.27%0.02133.652.79265.69
Britannia Industries Ltd83,57814.08%59.71%52.53%0.5955.3823.5147.63

Media Updates

Several large packaged food companies have been accorded approval under the government’s Production Linked Incentive (PLI) scheme for the food processing industry. 

The category of ready-to-eat foods companies include Britannia Industries Ltd, Haldiram Snacks Pvt. Ltd, Gujarat Co-Operative Milk Marketing Federation Ltd, Parle Biscuits Pvt. Ltd, Bikaji Foods International Ltd, Bikanervala Foods Pvt. Ltd, Balaji Wafers Pvt. Ltd, Anmol Industries Ltd, and Hindustan Unilever Ltd.

Read more here: https://www.livemint.com/companies/news/60-cos-get-approval-under-pli-scheme-for-food-processing-11638816933544.html

Frequently Asked Questions

The buying and selling of unlisted shares and pre-IPO shares is fully legal and valid. 

The procedure to buy the Bikaji Foods unlisted shares is fairly simple. Once you have settled on the price and quantity of the transaction, you would have to transfer the funds into the bank account of the seller. 

When the funds are transferred and transaction details are shared with the seller, your demat account will be credited with the shares either on the same day of the fund transfer or before the end of the next working day. 

In the secondary market, the transactions related to unlisted shares take place with the existing owners of the shares who are generally the employees or existing investors in the company. The company itself is not directly involved.  

The Bikaji shares will get credited either the same day or before the end of the next working day when you transfer the funds into our bank account.

 

The minimum lot size varies on the basis of market conditions and demand and supply factors. To know the current lot size for Bikaji Foods International Ltd unlisted shares, please visit the stock page on our website: www.delistedstocks.in 

There are many factors which influence the pricing of unlisted shares. Apart from the supply and demand factors, the latest transactions happened on the same stock, last funding round of the company, and valuation level of companies of the similar size affect the pricing of the unlisted shares. 

Before IPO, there is no restriction on sale and transfer of your Bikaji Foods unlisted shares. 

But once the shares are listed on the stock exchange, for retail investors, there is a minimum lock-in period 6 months after listing on the stock exchange.

Once the selling price and quantity of shares is agreed with us, we will provide you with an UTR number to transfer the shares. Once you have transferred the shares into our company’s demat account, funds are released into your bank account within 24 hours or before the end of the next working day of the transfer of the shares. 

If your holding period is less than 2 years, then such income is treated as business income and liable to get taxed as per tax slab of the investor. 

If your holding period is more than 2 years, then your profits would be subject to long-term capital gains tax. The current short-term capital gain tax rate is 20% after indexation.

The trading in unlisted shares is governed by Securities & Contract (Regulation) Act, which comes under the preview of SEBI.  The SEBI regulations become applicable when the stocks of the company get listed on the stock exchange. There is a minimum lock-in period of 6 months for pre-IPO investors. 

The major risk associated with investing in unlisted stocks is the liquidity risk. The possible exit route for investors is either to sell to another investor or wait till the company gets listed on the stock exchange. 

Yes, NRI’s can also buy and sell Bikaji unlisted shares just like domestic investors. But their investment is on a non-repatriable basis.

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