Bikaji Foods International Limited (BIKAJI) fair value: what the stock is really worth
As of Nov 9, 2026: fair value (intrinsic value) of Bikaji Foods International Limited stock ₹207, price ₹480, that is 56.9% below the price, quality 60 out of 100. Rating: strongly overvalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 6, 2026.
How to read this chart
48‑month range ₹308.86 – ₹975.56 · fair‑value band ₹108.75 – ₹268.10 · the ₹479.85 price screens above the ₹206.81 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 6, 2026.
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Bikaji Foods International Limited, together with its subsidiaries, manufactures, purchases, and sells snack food products in India and internationally.
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It offers bhujia, namkeen, sweets, papad, pellets, chips, and other snacks, as well as frozen foods, gift packs, mathris, and cookies under the Bikaji brand. The company sells its products through supermarkets, hypermarkets, convenience stores, specialty outlets, and online platforms.
The company was formerly known as Shivdeep Industries Ltd. Bikaji Foods International Limited was founded in 1986 and is headquartered in Bikaner, India.
Stock analysis
Bikaji Foods International Limited (BIKAJI) currently trades at ₹479.85, while our model-based Fair Value estimate is ₹206.81, 57% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of ₹257.79 per share, and 0 of the 26 models we run sit above the ₹479.85 price.
Bear case: the Economic Profit group reads lowest at ₹88.90, and 26 of the 26 models stay below the price. Data coverage for this calculation is high.
Scenario range: ₹108.75 (bear) to ₹268.10 (bull), the price of ₹479.85 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 60/100 (solid quality), in the Consumer Defensive sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Bikaji Foods International Limited reported revenue of ₹29.9B in FY2026 versus ₹16.1B in FY2022, a compound +16.8%/yr. Reported net income was ₹2.6B in FY2026, compounding +34.9%/yr from FY2022.
Key figures
Market cap ₹120B (≈ $1.3B) Small · P/E ratio 46.6 · P/S ratio 3.91 · EPS (TTM) ₹10.30 · Dividend yield 0.3% · Net margin 8.4% · Return on equity 16.0% · Return on assets (EBIT) 14.5% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 59 out of 100 (medium confidence).
What moves the price
The share trades about 37% below its 52-week high and 6% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Consumer Defensive peers we cover trades at 2% fair-value upside, at −57%, BIKAJI screens richer than that median.
Fair Value models
Bear₹108.75Fair Value ₹206.81Bull₹268.10
Price ₹479.85 · Downside -56.9%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2026 figures (about 7 months old). Earnings retained since then (₹5.58 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.81/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+17.2%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+15.1%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+18.0%
Start year 2021 (pandemic)
Revenue growth 7 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+18.7%
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What shareholders gained per year (last 5 years), in INR ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Measured in INR: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+27.1%
Earnings growth per share plus dividend.
Earnings per share, growth per year+26.8%
Dividend (yield on the price)0.3%
Profit margin 2021 to 2026 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.9% → 11%
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far and more than analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+45.5%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+12.2%
Yearly sales growth analysts expect, extended to five years.
After inflation (India: IMF forecast 4.1% a year to 2030, 4.7% from 2016 to 2025) that is about +39.7% a year for the price and +7.8% for the forecasts.
Compare Bikaji Foods International Limited with another stock
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Packaged Foods · 660 stocks
Beats the industry median on 7/14 measures
A mixed picture versus its industry peers.
Valuation
Quality Score60 · Above median
Fair Value upside−56.9% · Bottom 25%
Profitability
Return on equity (12 months)16.0% · Top 25%
Return on assets11.5% · Top 25%
Net margin (12 months)8.4% · Above median
Operating margin (12 months)9.9% · Above median
Growth and dividend
Revenue growth (quarter YoY)12.5% · Above median
Dividend yield (12 months)0.3% · Bottom 25%
Balance sheet
Debt / equity0.00× · Lowest 25%
Valuation Multiplesvs Packaged Foods median · lower = cheaper
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Cite: Fair Value Calculator (2026). "Bikaji Foods International Limited Fair Value". https://www.fairvalue-calculator.com/stock/BIKAJI
Frequently asked questions
Is Bikaji Foods International Limited (BIKAJI) overvalued or undervalued?
As of Nov 6, 2026, our model estimates a fair value of ₹206.81 versus a price of ₹479.85, about 57% lower (overvalued).
What is the fair value of BIKAJI?
Our model-based fair value for Bikaji Foods International Limited is ₹206.81 (as of Nov 6, 2026), built from audited fundamentals. The current price: ₹479.85.
What is the quality score of BIKAJI?
Bikaji Foods International Limited has a Quality Score of 60/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Bikaji Foods International Limited (BIKAJI)?
Our model-based price target is the fair value of ₹206.81 (as of Nov 6, 2026) from 26 valuation models. Cautious scenario ₹108.75, optimistic scenario ₹268.10. It is a calculation from audited fundamentals, not an analyst target.
What is the Bikaji Foods International Limited stock forecast for 2026?
Our models put fair value at ₹206.81, about 57% lower versus a price of ₹479.85 (overvalued). Cautious scenario ₹108.75, optimistic scenario ₹268.10. The calculation is refreshed regularly with new filings.
What is the revenue of Bikaji Foods International Limited (BIKAJI)?
Bikaji Foods International Limited reported trailing-twelve-month revenue of about ₹30.8B (latest available figure, as of Nov 6, 2026).
Does Bikaji Foods International Limited pay a dividend?
Bikaji Foods International Limited currently shows a dividend yield of 0.26% relative to its recent price (as of Nov 6, 2026).
How much is the dividend of Bikaji Foods International Limited (BIKAJI) and when is the ex-dividend date?
Bikaji Foods International Limited pays a dividend of ₹1.25 per share a year, a dividend yield of 0.3%. The last ex-dividend date was Jul 17, 2026. The payout ratio is 12.1% of earnings. Free cash flow covers the dividend 4.53 times. Our assessment: Well covered. A low payout and the dividend is fully funded by free cash flow, a comfortable, sustainable dividend.
What growth is priced into Bikaji Foods International Limited (BIKAJI)?
For today's price to be fair in a discounted-cash-flow model, Bikaji Foods International Limited would have to grow free cash flow by +45.5 % per year for five years (discount rate 12.4 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +18.0 % per year. As of Nov 6, 2026.
What discount rate (WACC) does the fair value of BIKAJI use?
Our models discount Bikaji Foods International Limited at 12.4 %: a base by market capitalisation (small), damped by beta 0.36, country premium for India. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Bikaji Foods International Limited that is +45.5 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (12.4 %) and the same formula as our fair value.
How much growth has Bikaji Foods International Limited (BIKAJI) delivered so far?
Over the past 5 years revenue at Bikaji Foods International Limited grew +18.0 % a year. The price currently implies free-cash-flow growth of +45.5 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Bikaji Foods International Limited (BIKAJI) growing?
The median revenue growth in the sector is +3.6 % a year. That is the yardstick for the growth priced into Bikaji Foods International Limited (+45.5 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Bikaji Foods International Limited (BIKAJI)?
The free-cash-flow yield on the price is 1.18 %: that much free cash flow Bikaji Foods International Limited produces per unit of market value. When it exceeds the discount rate of our models (12.4 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Bikaji Foods International Limited (BIKAJI)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Bikaji Foods International Limited it is ₹206.81 per share (as of Nov 6, 2026), against a price of ₹479.85. It is the blended result of 26 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Bikaji Foods International Limited stock overvalued or undervalued in 2026?
As of Nov 6, 2026, BIKAJI trades above its calculated fair value: price ₹479.85, fair value ₹206.81, a gap of about −57% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of BIKAJI?
No. The price is what the market pays today (₹479.85); the fair value is what the company's own numbers justify (₹206.81). For Bikaji Foods International Limited the two are ₹273.04 per share apart. That gap is exactly why we show both numbers side by side.
How much is Bikaji Foods International Limited worth?
The market values Bikaji Foods International Limited at about ₹120B (market capitalisation, as of Nov 6, 2026). Per share that is ₹479.85; our models calculate a fair value of ₹206.81 per share.
What do the bullish and bearish scenarios say about BIKAJI?
Our models span a range for Bikaji Foods International Limited: cautious scenario ₹108.75, base ₹206.81, optimistic ₹268.10 per share (as of Nov 6, 2026, price ₹479.85). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of BIKAJI?
Bikaji Foods International Limited trades at a price-to-earnings ratio of 46.6 (as of Nov 6, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ₹206.81 is built from several models across several years. Other multiples: P/B 7.5, P/S 3.9, EV/EBITDA 29.1.
How solid is the balance sheet of Bikaji Foods International Limited (BIKAJI)?
Balance-sheet figures for Bikaji Foods International Limited (as of Nov 6, 2026): return on equity 16.0%, debt of 0.00 per unit of equity. They feed the Quality Score of 60/100, which measures business quality independently of the share price.
How far is BIKAJI from its 52-week high?
Bikaji Foods International Limited trades at ₹479.85, about 37% below its 52-week high of ₹757.97 and 6% above the low of ₹451.35 (as of Nov 9, 2026). Distance from the high says nothing about value: that is what the fair value of ₹206.81 is for.
Which stocks are comparable to Bikaji Foods International Limited?
From the same area (Consumer Defensive) we also value Nestlé S.A, Danone S.A, Foshan Haitian Flavouring and Food Company, The Kraft Heinz Company, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Bikaji Foods International Limited stock attractive at the current price?
The data as of Nov 6, 2026: price ₹479.85, calculated fair value ₹206.81 (−57%), Quality Score 60/100, from 26 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of BIKAJI calculated?
We run Bikaji Foods International Limited through 26 models from 8 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of ₹206.81 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 15.1% above its aggregate fair value. Bikaji Foods International Limited itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Bikaji Foods International Limited (BIKAJI)?
The closing price on Nov 9, 2026 was ₹479.85. Our model-based fair value is ₹206.81, about 57% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Bikaji Foods International Limited right now?
The price sits above even our optimistic bull case (₹268.10). The favourable scenario is already priced in. Solid but not exceptional quality (60/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range (₹108.75 to ₹268.10) leaves room in how you read the outcome.
Key figures of Bikaji Foods International Limited
How large is the market capitalisation of Bikaji Foods International Limited (BIKAJI)?
The market capitalisation of Bikaji Foods International Limited is ₹120B (≈ $1.3B). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Bikaji Foods International Limited (BIKAJI)?
The price-to-sales ratio of Bikaji Foods International Limited is 3.91 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Bikaji Foods International Limited (BIKAJI)?
Earnings per share at Bikaji Foods International Limited are ₹10.30 (price ÷ EPS = P/E 46.6). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Bikaji Foods International Limited (BIKAJI)?
The dividend yield of Bikaji Foods International Limited is 0.3% (payout 12.1%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Bikaji Foods International Limited (BIKAJI)?
The net margin of Bikaji Foods International Limited is 8.4% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Bikaji Foods International Limited (BIKAJI)?
The return on equity (ROE) of Bikaji Foods International Limited is 16.0% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Bikaji Foods International Limited (BIKAJI)?
On an EBIT basis the return on assets of Bikaji Foods International Limited is 14.5% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Bikaji Foods International Limited (BIKAJI)?
The operating margin of Bikaji Foods International Limited is 9.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Bikaji Foods International Limited (BIKAJI)?
Revenue at Bikaji Foods International Limited is growing +12.5% versus a year earlier (3y avg +15.1%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Bikaji Foods International Limited (BIKAJI)?
Earnings per share at Bikaji Foods International Limited are growing +0.4% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Bikaji Foods International Limited (BIKAJI) hold?
Bikaji Foods International Limited holds more cash than debt, ₹172M net (fiscal year 2026). The company holds more cash than debt, a safety cushion.
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Broad data
Nov 6, 2026