Bikaji Foods International Ltd.
NSE: BIKAJIBikaji Foods International Ltd.: A 30-second snapshot
Bikaji Foods International (₹649.80) is a mid-cap FMCG company operating in the ethnic snacks segment, currently trading below its 200-DMA (₹704.81) and 20.6% off its 52-week high. The trailing PE of 68.2 and debt-to-equity of 19.45 are notable relative to FMCG peers, and all 8 recent news items relate to the passing of founder Shiv Ratan Agarwal on 23 April 2026.
P/E
68.2
Forward P/E
49.8
ROE
—
Debt / Equity
19.45
Profit Margin
+8.5%
Div. Yield
+0.1%
5Y ROE > 15%
1/5
5Y FCF > 0
3/5
Quality
42/100
News
8 headlines · 0 positive · 8 negative
Bikaji Foods International Chairman Shiv Ratan Agarwal passes away - CNBC TV18
CNBC TV18
Bikaji Foods International Announces Passing of Founder Shri Shiv Ratan Agarwal - scanx.trade
scanx.trade
Shiv Ratan Agarwal's Rise: School Dropout To Rs 13,430 Crore Bikaji Foods International - News18
News18
Bikaji Foods International founder Shiv Ratan Agarwal passes away at 70 - Business Standard
Business Standard
Shiv Ratan Agarwal, Founder of Bikaji Foods, passes away - Exchange4Media
Exchange4Media
Recent context
- ·Founder Shiv Ratan Agarwal passed away on 23 April 2026 at age 70; CNBC TV18 and Business Standard confirmed the event and multiple outlets covered his founding journey from school dropout to building a ₹13,430-crore foods business.
- ·All 8 of the most recent news items carry negative sentiment, with no operational, earnings, or product-launch news visible in the current window — limiting visibility into the business beyond the succession event.
- ·Analyst coverage spans 10 analysts with no mean rating available in this data pull; the company trades at a PE of 68.2 against peers NESTLEIND (79.0) and TATACONSUM (79.1) at the higher end and ITC (19.0) at the lower end of the FMCG spectrum.
Strengths
- +5-year earnings growth of 117.5% reflects a strong compounding of profitability from a low base, with forward PE at 49.8 implying continued market expectation of earnings expansion.
- +Revenue has grown at a 5-year CAGR of 10.5%, indicating consistent top-line expansion in a competitive ethnic snacks segment.
- +Current price of ₹649.80 is above the 50-DMA of ₹642.61, and RSI of 45.5 is in neutral territory — price has not extended to technically oversold levels.
- +Profit margin of 8.54% shows that the company has achieved positive operating leverage on its revenue base, which remains the foundation for the high earnings-growth rate.
Weaknesses
- −Debt-to-equity of 19.45 is materially elevated for an FMCG business, and the rising debt trend increases financial risk if revenue or margin growth decelerates.
- −Quality score of 42 ranks 6th of 6 among FMCG peers, and FCF has been positive in only 3 of the tracked years — signaling that reported earnings growth has not consistently translated to cash generation.
- −The passing of founder Shiv Ratan Agarwal introduces key-person and succession uncertainty; with all 8 recent news items tied to this event, near-term governance and strategic continuity are in focus.
- −Stock is 20.6% below its 52-week high and 7.8% below its 200-DMA on a −3.52% 12-month price change, with the nearest resistance levels at ₹680 and ₹708.75.
Open questions
- ?Does the 117.5% five-year earnings growth reflect a structural improvement in unit economics, or does it partly reflect a low-base effect from an earlier period of losses or suppressed margins?
- ?How has Bikaji Foods historically managed governance and strategic direction — is operational leadership distributed across a professional management team, or was it heavily concentrated in the founder?
- ?At a debt-to-equity of 19.45 with a rising trend, what is the nature of the debt — is it primarily working capital, capex for capacity expansion, or acquisition financing — and what are the repayment timelines?
- ?The forward PE of 49.8 implies earnings growth continuation; what earnings trajectory is needed to bring the stock to the PE range of FMCG peers such as HINDUNILVR (50.3) or BRITANNIA (51.3), and is that trajectory consistent with the last 3 years of FCF data?
Peer comparison: FMCG
Ranks 6 of 6 on quality| Symbol | Name | P/E | ROE | Quality |
|---|---|---|---|---|
| BIKAJI | Bikaji Foods International Ltd.You're viewing | 68.2 | — | 42 |
| Industry avg | across 5 peers | 55.8 | +39.5% | 52 |
| NESTLEIND | Nestle India Ltd. | 79.0 | +76.3% | 61 |
| HINDUNILVR | Hindustan Unilever Ltd. | 50.3 | +21.6% | 58 |
| BRITANNIA | Britannia Industries Ltd. | 51.3 | +53.3% | 50 |
| TATACONSUM | Tata Consumer Products Ltd. | 79.1 | +6.9% | 45 |
| ITC | ITC Ltd. | 19.0 | — | 44 |
Technical state
Current price
₹649.80
SMA 50
₹642.61
SMA 200
₹704.81
RSI (14)
45.5 (neutral)
From 52w high
-20.6%
1Y return
-3.5%
3M return
-3.1%
50-DMA
Above
200-DMA
Below
Algorithmic support levels
Algorithmic resistance levels
Risk flags
- highFounder Shiv Ratan Agarwal passed away on 23 April 2026, reported across CNBC TV18, Business Standard, News18 and Exchange4Media. All 8 recent news items carry negative sentiment — 100% of recent coverage is tied to this single event, raising material key-person and succession risk for the company.
- highDebt-to-equity ratio of 19.45 is sharply elevated relative to the FMCG sector, where peers such as HINDUNILVR carry significantly lower leverage. The debt trend is classified as rising. ROE exceeded 15% in only 1 of the tracked years, indicating historically inconsistent capital returns.
- mediumCurrent price of ₹649.80 is below the 200-DMA of ₹704.81, with a 12-month price change of −3.52% and a 52-week drawdown of −20.63%. The stock has been unable to reclaim the 200-DMA.
- mediumQuality score of 42 ranks 6th of 6 in the FMCG peer set. FCF has been positive in only 3 of the tracked years and the consistency score is 57, reflecting uneven financial performance relative to established FMCG names.
Cross-section contradictions
- 5-year earnings growth of 117.5% is among the highest in the tracked period, yet the quality score of 42 ranks last of 6 FMCG peers and ROE exceeded 15% in only 1 of the available years — the growth figure and quality/profitability metrics diverge materially.
- The stock is 7.8% below its 200-DMA on a −3.52% 12-month price decline, yet the trailing PE of 68.2 and forward PE of 49.8 remain elevated versus FMCG peers ITC (PE 19.0) and HINDUNILVR (PE 50.3), implying the market continues to price in substantial future earnings recovery despite recent price weakness.
For informational purposes only. Not investment advice. VivaTrades is not a SEBI-registered Investment Adviser or Research Analyst. Market data sourced from public feeds; consult a registered adviser before any investment decision.
Fundamentals & technicals: refreshed 25 Jun 2026 · refreshed daily at 01:00 IST
AI synthesis (narrative, snapshot, strengths/weaknesses, peer ranking): generated 15 May 2026 · rotates through NIFTY 500 every ~5 days