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.
