BIKAJI FOODS INTERNATIONAL LIMITED UNLISTED SHARE
incorporated on 06 October 1995 Bikaji Foods International Limited is a Non-govt company and is registered at Registrar of Companies, Jaipur. Its authorized share capital is Rs. 25,00,00,000 and its paid-up capital is Rs. 24,31,33,060.
The Company is primarily involved in the manufacturing, purchase, and sale of snack food. Thus, offer a wide range of quality snack products, primarily bhujia, namkeen, packaged sweets, papad, and western snacks. It also sells frozen foods, gift packs, mathris, and cookies.
The Company has a strong presence in India backed by six world-class manufacturing facilities and a large distribution network. The company is also expanding Its reach abroad through exports, effective alliances with retail chains, and brand salience among the Indian diaspora, currently with a presence in over 30 countries.
INCORPORATION DETAILS
|
CIN |
U15499RJ1995PLC010856 |
|
Registration Date |
06/10/1995 |
|
Company Name |
BIKAJI FOODS INTERNATIONAL LIMITED |
|
Email Address |
cs@bikaji.com |
|
Category/Sub-category of the Company |
Company limited by shares/State Non-Govt. Company |
|
Registration Number |
10856 |
|
Address of the Registered office & contact details |
F 196 -199, F 178 & E 188 Bichhwal Ind. Area, Bikaner, Rajasthan 334006, India Contact no.: 0151-2250350, 2259914 Mail id: cs@bikaji.com |
|
Company Secretary & Compliance Officer |
Ms. Divya Navani |
|
Name, Address & contact details of the Registrar & Transfer Agent, if any |
Link Intime India Private Limited C-101, 1st Floor, 247 Park, Lal Bahadur Shastri Marg, Vikhroli (West) Mumbai, Mumbai City Maharashtra 400083 |
PARTICULARS OF HOLDING, SUBSIDIARY & ASSOCIATE COMPANIES
|
S.NO. |
Name Of The Company |
Category |
%Of Shares Held |
|
1. |
Bikaji Foods (London) Limited |
SUBSIDIARY |
90% |
|
2. |
Petunt Food Processors Private Limited. |
SUBSIDIARY |
51.22% |
BOARD OF DIRECTORS
|
S.NO. |
Name of the Directors |
Category |
|
1. |
Mr. Shiv Ratan Agarwal |
Managing Director |
|
2. |
Mr. Deepak Agarwal |
Whole Time Director |
|
3. |
Ms. Sushila Devi Agarwal |
Whole Time Director |
|
4. |
Ms. Shweta Agarwal, |
Whole Time Director |
|
5. |
Ms. Sangeeta Devi Jaisanseriya, |
Independent Director |
|
6. |
Mr.Kedar Chand Agarwal |
Independent Director |
|
7. |
Mr. Sachin Kumar Bhartiya, |
Non-Executive Director |
|
8. |
Mr. Vikrant BalbirSibal |
Non-Executive Director |
|
9. |
Mr. Shambhu Dayal Gupta |
Chief financial officer |
|
10. |
Ms. Divya Navani, |
Company Secretary |
Principal Business Activities of the Company
|
Name & Description of main products/services |
NIC Code of the Product /service |
% to total turnover of the company |
|
Manufacturing of Bhujia, Namkeen, Papad Sweets, Cookies |
10796 |
100% |
SHAREHOLDING PATTERN
(As on 30-06-2022)
|
S. No. |
Shareholder’s Category |
No. of Shares |
% of total Shares of the company |
|
1 |
PROMOTERS |
19,45,43,900 |
77.97% |
|
2 |
PUBLIC |
5,49,65,980 |
22.03% |
|
|
Total |
24,95,09,880 |
100% |
INDUSTRY OUTLOOK
The Covid-19 Pandemic had minimal impact on operations. The food industry qualified as essential products, and the government allowed to restart operations in mid-May 2020.
during the year revenue grew 22% to ~₹1,310 crores in FY21. PAT grew by ~60% to ₹90.3 crores, leading to a Return on Capital Employed of 20.88% as compared to 12.79% in FY20. Focused Growth The snacking industry has been on an uptrend and is expected to maintain momentum. The demand for hygienic products, brand awareness, and ease of availability is making people move towards organized players.
Bikaji became a global name in such a short span of time. It has strong growth potential. Though a national player, The Company has been primarily concentrated in the markets of Rajasthan, Bihar, and Assam, leaving nearly four-fifth of the population waiting to be tapped.
The Company's focus markets include Uttar Pradesh, Punjab, Haryana, and Delhi in North India, Karnataka, and Telangana in South India. In these states, there are immense growth opportunities and the company had already made significant inroads, recording a sales CAGR of 33.93 % between Fiscal 2019 and Fiscal 2021.
To be a global, more accessible, and forward-thinking brand, The Company has prioritized four focus areas: strategic expansion of manufacturing capabilities across the country, strengthening of distribution network, adoption of advanced technology, and attention to branding and marketing activities.
PROFIT & LOSS STATEMENT OF BIKAJI FOODS INTERNATIONAL LIMITED ( Amount In Rs. Lakhs )
(As of 31-03-2019 to 31-03-2021)
|
Particular |
2021 |
2020 |
2019 |
|
Income |
|
|
|
|
Revenue from Operations |
1,31,074.91 |
1,07,455.08 |
90,111.12 |
|
Other Income |
1,146.23 |
835.07 |
963.48 |
|
Total Revenue |
1,32,221.14 |
1,08,290.15 |
91,074.60 |
|
Expenses |
|
|
|
|
Cost Of Materials Consumed |
90,925.70 |
72,083.67 |
63,656.13 |
|
Purchase of Stock In trade |
3,115.52 |
2,274.24 |
1,018.56 |
|
Changes in Inventories of finished goods |
(351.70) |
133.76 |
(241.17) |
|
Employee Benefits Expense |
6,961.92 |
6,461.35 |
6,681.55 |
|
Depreciation and amortization expense |
3,311.97 |
3,419.52 |
2,230.64 |
|
Finance Costs |
299.49 |
511.42 |
380.00 |
|
Other Expenses |
15,947.02 |
17,042.17 |
9,750.54 |
|
Total Expenses |
1,20,209.92 |
1,01,926.13 |
83,476.25 |
|
Profit before Tax |
12,011.22 |
6,364.02 |
7,598.35 |
|
Tax Expenses |
|
|
|
|
Current Tax |
3,097.53 |
1,552.14 |
1,808.61 |
|
Deferred Tax |
(119.77) |
(825.14) |
672.39 |
|
Tax expenses of the earlier year |
- |
- |
16.16 |
|
(Loss) / Profit after tax for the year |
9,033.46 |
5,637.02 |
5,101.19 |
|
Other Comprehensive Income |
|
|
|
|
Items that will not be reclassified to profit and loss |
|
|
|
|
Net Loss/Gain on equity instruments through other comprehensive income |
(1,134.29) |
1,324.91 |
(1.52) |
|
Re-measurement (Loss) on defined benefit plans |
(49.88) |
(137.50) |
(95.50) |
|
Income tax benefit / Charge relating to items that will not be reclassified to profit or loss |
298.05 |
(304.28) |
33.90 |
|
Items that will be reclassified to profit and loss |
|
|
|
|
Exchange difference on transaction of foreign operations |
9.42 |
(0.47)
|
- |
|
Income tax benefit / Charge relating to items that will not be reclassified to profit or loss |
(2.37) |
0.12 |
- |
|
Total other comprehensive income/Loss for the year ( net of tax) |
(879.07) |
882.78 |
(63.12) |
|
Total comprehensive income |
8,154.39 |
6,519.80 |
5,038.07 |
|
Profit for the year attributable to |
|
|
|
|
Owners of the holding Company |
9.020.60 |
5,637.02 |
|
|
Non-controlling interest |
12.86 |
0.00 |
|
|
Other comprehensive income for the year attributable to |
|
|
|
|
Owners of Holding Company |
(879.07) |
882.78 |
|
|
Non-controlling interest |
- |
0.00 |
|
|
Total comprehensive income (net of income tax) for the year attributable to |
|
|
|
|
Owners of the holding Company |
8,141.53 |
6,519.80 |
5,038.07 |
|
Non-controlling interest |
12.86 |
0.00 |
- |
|
Earnings per equity share |
|
|
|
|
Basic |
3.71 |
2.32 |
21.09 |
|
Diluted |
3.71 |
2.32 |
21.09 |
BALANCE SHEET OF THE BIKAJI FOODS INTERNATIONAL LIMITED (Amount In Rs. Lakhs)
(As of 31-03-2019 to 31-03-2021)
|
PARTICULARS |
2021 |
2020 |
2019 |
|
Equity and Liabilities |
|||
|
Share Capital |
2,431.33 |
2,431.33 |
2,431.33 |
|
Other Equity |
58,134.64 |
50,484.78 |
44,554.16 |
|
Total equity attributable to shareholders of the Company |
60,565.97 |
52,916.11 |
46,985.49 |
|
Non-controlling interest |
183.94 |
0.09 |
- |
|
TOTAL EQUITY |
60,749.91 |
52,916.20 |
- |
|
Non-Current Liabilities |
|||
|
Financial liabilities |
|||
|
Borrowings |
1,420.56 |
1,690.33 |
3,430.82 |
|
Lease liabilities |
82.72 |
45.98 |
- |
|
Provisions |
192.03 |
406.39 |
212.26 |
|
Deferred tax liabilities (net) |
2,932.39 |
3,347.83 |
3,868.82 |
|
Other Non-current liabilities |
125.44 |
- |
- |
|
Total Non-Current Liabilities |
4,753.14 |
5,490.53 |
7,511.90 |
|
Current Liabilities |
|||
|
Financial liabilities |
|||
|
Borrowings |
6,521.15 |
2,188.64 |
2,756.49 |
|
Lease liabilities |
45.36 |
118.79 |
- |
|
Trade Liabilities |
|||
|
Total outstanding dues of micro-enterprises and small enterprises |
510.55 |
121.01 |
378.25 |
|
Total outstanding dues of creditors other than micro-enterprises and small enterprises |
3,735.41 |
1,308.90 |
2,547.31 |
|
Other financial Liabilities |
3,138.80 |
4,291.62 |
2,150.47 |
|
Other Current Liabilities |
1,120.37 |
1,119.12 |
587.25 |
|
Short Term Provisions |
142.11 |
108.52 |
63.94 |
|
Current tax liabilities (net) |
997.14 |
- |
- |
|
Total current liabilities |
16,210.89 |
9,256.60 |
8,483.71 |
|
Total liabilities |
20,964.03 |
14,747.13 |
15,995.61 |
|
Total equity and liabilities |
81,713.94 |
67,663.33 |
62,981.10 |
|
Assets |
|||
|
Non-Current Assets |
|||
|
Property, Plant, and Equipment |
40,711.51 |
39,040.30 |
39,118.87 |
|
Capital Work in Progress |
3,607.71 |
288.23 |
1,313.07 |
|
Investment property |
370.84 |
520.80 |
282.74 |
|
Intangible assets |
190.17 |
149.33 |
170.09 |
|
Right-of-use asset |
985.38 |
968.19 |
- |
|
Financial assets |
|||
|
Investment |
6,879.74 |
3,650.14 |
299.24 |
|
Other financial assets |
1,704.50 |
495.73 |
1,146.51 |
|
Other non-current assets |
3,371.43 |
1,601.70 |
894.49 |
|
Income tax assets (net) |
314.21 |
688.28 |
386.41 |
|
TOTAL NON-CURRENT ASSETS |
58,135.49 |
47,402.70 |
43,225.01 |
|
Current Assets |
|||
|
Inventories |
5,676.81 |
3,648.57 |
3,832.69 |
|
Financial assets |
|||
|
Loans |
122.20 |
601.45 |
- |
|
Trade Receivables |
4,730.88 |
4,171.26 |
3,897.75 |
|
Cash and Bank Balances |
175.90 |
440.55 |
1,724.22 |
|
Loans and Advances |
8,564.76 |
8,387.12 |
8,608.90 |
|
Other financial Assets |
1,909.61 |
2,031.33 |
527.19 |
|
Other current assets |
2,398.29 |
980.35 |
778.93 |
|
TOTAL CURRENT ASSETS |
23,578.45 |
20,260.63 |
19,756.09 |
|
Total Assets |
81,713.94 |
67,663.33 |
62,981.10 |
DIVIDEND AND RETAINED EARNINGS
(As of 31-03-2019 to 31-03-2021)
|
Particulars |
2021 |
2020 |
2019 |
|
Dividend(Interim dividend) |
Rs. 2.00 per share |
Rs. 2.00 per share |
Rs. 2.00 per share |
|
Retained Earnings (In Lakhs ) |
37,369.36 |
28,989.66 |
23,941.84 |
PERFORMANCE OF THE COMPANY
Revenue from Operations Increased from Rs. 1,07,455.08 Lakhs in FY 2020 to Rs. 1,31,074.91 Lakhs in FY 2021, showing an increase of 21.98% as compared to the previous financial year.
In FY 2021, Company’s Net profit stood at Rs. 8,154.39 Lakhs 25.07% higher than the Net Profit of Rs. 6,519.80 Lakhs in FY 2020.
The current Ratio of the company as of 31st March 2021 was 1.45.
The debt to Equity ratio of the company as of 31st March 2021 was 0.35. In the Financial Year 2020
The company has paid an interim dividend of Rs. 2.00 Per Share.
