Vidhi Specialty Food Ingredients Ltd
Vidhi Specialty Food Ingredients Limited, incorporated in 1994, is a leading manufacturer of Superior Synthetic and Natural Food Grade Colours. The company is Asia’s 2nd largest food colour manufacture. The company’s products have applications in industries of Food & Beverage, Confectionary, Pharmaceuticals, Pet Foods, Cosmetics, Inkjet Inks, Personal Care, and Home Care. [1][2]
- Market Cap ₹ 2,248 Cr.
- Current Price ₹ 450
- High / Low ₹ 572 / 382
- Stock P/E 51.6
- Book Value ₹ 60.5
- Dividend Yield 0.78 %
- ROCE 18.7 %
- ROE 14.9 %
- Face Value ₹ 1.00
Pros
- Company is expected to give good quarter
- Company has been maintaining a healthy dividend payout of 27.9%
Cons
- Stock is trading at 7.44 times its book value
- The company has delivered a poor sales growth of 11.2% over past five years.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Sector: Chemicals Industry: Dyes And Pigments
Part of BSE SmallCap BSE Allcap BSE Commodities
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
143 | 189 | 185 | 193 | 213 | 228 | 225 | 266 | 537 | 404 | 303 | 382 | |
127 | 162 | 156 | 164 | 181 | 182 | 174 | 214 | 452 | 348 | 246 | 314 | |
Operating Profit | 16 | 27 | 29 | 29 | 31 | 46 | 51 | 53 | 85 | 56 | 57 | 68 |
OPM % | 11% | 14% | 16% | 15% | 15% | 20% | 22% | 20% | 16% | 14% | 19% | 18% |
0 | 0 | 1 | 1 | 0 | 1 | 1 | 2 | 1 | 1 | 1 | 2 | |
Interest | 5 | 6 | 6 | 4 | 5 | 3 | 3 | 2 | 4 | 4 | 3 | 2 |
Depreciation | 2 | 2 | 2 | 2 | 2 | 2 | 3 | 3 | 3 | 3 | 6 | 7 |
Profit before tax | 9 | 19 | 23 | 24 | 24 | 41 | 45 | 50 | 79 | 50 | 49 | 60 |
Tax % | 34% | 36% | 35% | 38% | 36% | 29% | 25% | 26% | 26% | 24% | 25% | 28% |
6 | 12 | 15 | 15 | 16 | 29 | 34 | 37 | 59 | 38 | 37 | 44 | |
EPS in Rs | 1.20 | 2.49 | 2.95 | 2.93 | 3.13 | 5.82 | 6.82 | 7.35 | 11.76 | 7.58 | 7.33 | 8.72 |
Dividend Payout % | 34% | 20% | 27% | 27% | 26% | 14% | 15% | 11% | 3% | 11% | 27% | 46% |
Compounded Sales Growth | |
---|---|
10 Years: | 7% |
5 Years: | 11% |
3 Years: | -11% |
TTM: | 26% |
Compounded Profit Growth | |
---|---|
10 Years: | 13% |
5 Years: | 5% |
3 Years: | -9% |
TTM: | 19% |
Stock Price CAGR | |
---|---|
10 Years: | 34% |
5 Years: | 51% |
3 Years: | 5% |
1 Year: | -4% |
Return on Equity | |
---|---|
10 Years: | 21% |
5 Years: | 19% |
3 Years: | 15% |
Last Year: | 15% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 |
Reserves | 31 | 40 | 50 | 61 | 72 | 96 | 124 | 157 | 212 | 246 | 276 | 297 |
44 | 47 | 49 | 62 | 44 | 44 | 34 | 31 | 90 | 52 | 20 | 66 | |
21 | 39 | 18 | 36 | 35 | 25 | 23 | 33 | 44 | 29 | 24 | 29 | |
Total Liabilities | 100 | 131 | 123 | 164 | 155 | 170 | 186 | 226 | 352 | 332 | 325 | 397 |
18 | 17 | 31 | 30 | 29 | 31 | 31 | 29 | 38 | 47 | 125 | 126 | |
CWIP | 0 | 9 | 0 | 0 | 0 | 0 | 2 | 5 | 33 | 65 | 0 | 0 |
Investments | 0 | 0 | 0 | 0 | 0 | 0 | 13 | 13 | 13 | 13 | 13 | 13 |
82 | 105 | 92 | 134 | 126 | 139 | 140 | 179 | 268 | 207 | 187 | 258 | |
Total Assets | 100 | 131 | 123 | 164 | 155 | 170 | 186 | 226 | 352 | 332 | 325 | 397 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
7 | 17 | 17 | -9 | 33 | 22 | 28 | 11 | -22 | 96 | 63 | -5 | |
-1 | -10 | -7 | -1 | -1 | -4 | -17 | -3 | -40 | -42 | -19 | -7 | |
-7 | -4 | -7 | 5 | -29 | -8 | -19 | -8 | 53 | -47 | -40 | 19 | |
Net Cash Flow | -0 | 3 | 3 | -5 | 3 | 10 | -8 | 0 | -9 | 6 | 4 | 8 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 111 | 91 | 77 | 116 | 101 | 99 | 124 | 130 | 102 | 91 | 106 | 123 |
Inventory Days | 92 | 103 | 81 | 111 | 93 | 97 | 102 | 92 | 67 | 75 | 108 | 115 |
Days Payable | 59 | 77 | 38 | 75 | 74 | 50 | 53 | 63 | 34 | 28 | 30 | 29 |
Cash Conversion Cycle | 144 | 117 | 120 | 152 | 120 | 146 | 173 | 159 | 135 | 138 | 184 | 209 |
Working Capital Days | 146 | 114 | 123 | 179 | 145 | 154 | 175 | 187 | 153 | 156 | 187 | 194 |
ROCE % | 19% | 30% | 29% | 24% | 24% | 33% | 31% | 29% | 33% | 18% | 17% | 19% |
Documents
Announcements
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Compliances-Reg.24(A)-Annual Secretarial Compliance
3h - Annual Secretarial Compliance Report for FY 2024-25 submitted as per SEBI regulation 24A.
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Announcement under Regulation 30 (LODR)-Investor Presentation
13 May - Investor Presentation on Financial Results for the Q and FY ended March 31, 2025
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Announcement under Regulation 30 (LODR)-Newspaper Publication
13 May - Newspaper publication of Audited Financial Results for the quarter and year ended March 31, 2025.
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Announcement Under Regulation 30 - Appointment Of Secretarial Auditors
12 May - Appointment of Hemanshu Kapadia & Associates as secretarial auditors for FY 2025-26 to FY 2029-30.
- Corporate Action-Board approves Dividend 12 May
Annual reports
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
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Concalls
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May 2025TranscriptNotesPPT
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Jan 2025TranscriptNotesPPT
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Nov 2024TranscriptNotesPPT
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Aug 2024TranscriptNotesPPT
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Jun 2024Transcript PPT
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Feb 2024TranscriptNotesPPT
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Nov 2023TranscriptNotesPPT
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Aug 2023TranscriptNotesPPT
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Aug 2023TranscriptNotesPPT
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May 2023TranscriptNotesPPT
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Feb 2023TranscriptNotesPPT
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Nov 2022TranscriptNotesPPT
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Aug 2022TranscriptNotesPPT
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May 2022TranscriptNotesPPT
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Feb 2022TranscriptNotesPPT
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Nov 2021TranscriptNotesPPT
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Aug 2021TranscriptNotesPPT
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Jun 2021TranscriptNotesPPT
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Mar 2021TranscriptNotesPPT
Market Position
The company is the 3rd largest manufacturer of synthetic food-grade dyes globally and the 2nd largest in Asia. [1]