BIKAJI

📰 Key News & Developments

📰 Key News & Developments The Managing Director of Bikaji was summoned by the Enforcement Directorate (ED) in connection with a preliminary inquiry under the Prevention of Money Laundering Act (PMLA). The company has clarified that no violations are alleged so far, and it currently expects no material financial impact. Bikaji asserts it is “not for sale”, despite investor interest and speculation in the organised snacks / FMCG sector. The company has entered a joint venture with Nepal’s Chaudhary Group (CG Foods Nepal), a move aimed at expanding its international footprint in the Nepal / South Asia region. In recent board announcements, Bikaji has scheduled meetings to approve quarterly and half-yearly results and maintain compliance disclosures as per SEBI / stock exchange norms. Mutual funds (in particular Quant Small Cap Fund) have reduced their stakes in Bikaji over recent months, indicating some profit booking by institutional investors. 📊 Financial & Stock Snapshot (As of latest reports) Bikaji’s share price has seen fluctuations; latest quoted price is in the ₹730–760 range (with intraday declines at times). Promoter shareholding remains high (around 74-75%). The stock trades at a very high P/E, reflecting strong growth optimism priced in. Price-to-book value is also elevated, indicating that the market is valuing the company well above its book (net asset) value. Dividend yield is low, suggesting much of the value is being retained rather than paid out. Key metrics: Market capitalization is in the ~₹18,000-19,000 crore range In its most recent quarterly performance, Bikaji reported a consolidated net profit (after tax) of ~₹58.5 crore on revenues of ~₹662–663 crore Over the past year, the stock has seen mixed returns, with performance under pressure at times.