ट्रेंडिंग न्यूज़

Packaged Food Leader Buys Ujjain Company for ₹60 Crore; Gains 74% in a Year

Bikaji Foods International Ltd: India’s famous squash brand Bikaji Foods International Ltd (NSE: BIKAJI) has made a big announcement. The company will acquire Ariba Foods Pvt. Ltd. 

Bikaji Foods International Ltd will buy 55 percent of this Ujjain-based company. Let us tell you, the Ujjain-based company produces and sells frozen food products.

Preparations To Spend Rs 60 Crore

Bikaji Foods International Ltd’s board meeting was held on 23 August 2024. In the same meeting, the company took an official decision on this acquisition. 

Bikaji Foods International Ltd is trying to strengthen its presence in the packaged food market. That is why they are doing this deal. 

Let us tell you, that Bikaji Foods International Ltd will pay Rs 60.49 crore for the acquisition of Ariba Foods. Following this, the company will be an entity of Bikaji Foods International Ltd.

Through this deal, Bikaji Foods International Ltd will also try to explore its new possibilities in the country and abroad. Let us tell you, that the Bikaji brand was founded by members of the Haldiram family. 

The company makes Bhujia, Namkeen, Mithai, and other ready-to-eat snacks. After that, there is a great supply chain.

What Was The Reaction To The Market For Stocks?

This announcement has not had much effect on the company’s share. On Friday, Bikaji Foods International Ltd’s share closed at Rs 853.90 with a slight decline of 0.18 percent in the BSE. 

Earlier, the company’s share was successful in reaching an intra-day high of Rs 858 during the day.

Bikaji Foods International Ltd’s share has performed well in the last year. The share of the company has experienced a stock rise of 74 % in this time.

At the same time, investors who have held the stock for 6 months have made a profit of 61 percent so far. Let us tell you, the good thing from the investors’ point of view is that the price of the company’s share has increased by 20 percent in the last month.

Bikaji Foods International Ltd Stock Performance

Current Price ₹ 855
52-wk High ₹ 896 
52-wk Low ₹ 450
5 Days Return -0.69%
1 Month Return 19.96%

Key Fundamentals Parameters

Market Cap ₹ 21,386 Cr.
Stock P/E 74.5
Book Value ₹ 49.0
Dividend 0.12 %
ROCE 29.6 %
ROE 24.7 %
Face Value ₹ 1.00
P/B Value 17.5
OPM 17.6 %
EPS ₹ 11.5
Debt ₹ 139 Cr.
Debt to Equity 0.11

Bikaji Foods International Ltd Share: Last 5 Years’ Financial Condition

Last 5 Years’ Sales:

2020 ₹ 1,075 Cr
2021 ₹ 1,308 Cr
2022 ₹ 1,599 Cr
2023 ₹ 1,944 Cr
2024 ₹ 2,379 Cr

Last 5 Years’ Net Profit:

2020 ₹ 55 Cr
2021 ₹ 90 Cr
2022 ₹ 80 Cr
2023 ₹ 128 Cr
2024 ₹ 287 Cr

Disclaimer: The information on this site is only for informational and educational purposes and shouldn’t be considered financial advice or stock recommendations. 

careermotto

A self-motivated and hard-working individual, I am currently engaged in the field of digital marketing to pursue my passion of writing and strategising. I have been awarded an MSc in Marketing and Strategy with Distinction by the University of Warwick with a special focus in Mobile Marketing. On the other hand, I have earned my undergraduate degrees in Liberal Education and Business Administration from FLAME University with a specialisation in Marketing and Psychology.

Related Articles

Back to top button