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 ₹ 2,247 Cr.
- Current Price ₹ 450
- High / Low ₹ 572 / 382
- Stock P/E 51.8
- Book Value ₹ 60.3
- 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 28.0%
Cons
- Stock is trading at 7.46 times its book value
- The company has delivered a poor sales growth of 11.2% over past five years.
- Company might be capitalizing the interest cost
* 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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| 225 | 266 | 537 | 404 | 303 | 382 | |
| 174 | 213 | 452 | 348 | 246 | 314 | |
| Operating Profit | 51 | 53 | 85 | 56 | 57 | 68 |
| OPM % | 22% | 20% | 16% | 14% | 19% | 18% |
| 1 | 2 | 1 | 1 | 1 | 2 | |
| Interest | 3 | 2 | 4 | 4 | 3 | 2 |
| Depreciation | 3 | 3 | 3 | 4 | 6 | 8 |
| Profit before tax | 45 | 50 | 79 | 50 | 49 | 60 |
| Tax % | 25% | 26% | 26% | 24% | 25% | 28% |
| 34 | 37 | 59 | 38 | 36 | 43 | |
| EPS in Rs | 6.79 | 7.32 | 11.73 | 7.55 | 7.30 | 8.69 |
| Dividend Payout % | 15% | 11% | 3% | 11% | 27% | 46% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 11% |
| 3 Years: | -11% |
| TTM: | 26% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 5% |
| 3 Years: | -10% |
| TTM: | 19% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 34% |
| 5 Years: | 51% |
| 3 Years: | 6% |
| 1 Year: | -3% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 19% |
| 3 Years: | 15% |
| Last Year: | 15% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| Equity Capital | 5 | 5 | 5 | 5 | 5 | 5 |
| Reserves | 124 | 156 | 212 | 246 | 275 | 296 |
| 34 | 31 | 90 | 52 | 20 | 66 | |
| 24 | 34 | 44 | 29 | 24 | 29 | |
| Total Liabilities | 186 | 226 | 352 | 331 | 325 | 396 |
| 40 | 38 | 47 | 55 | 133 | 134 | |
| CWIP | 6 | 8 | 37 | 68 | 4 | 4 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| 141 | 179 | 268 | 207 | 187 | 258 | |
| Total Assets | 186 | 226 | 352 | 331 | 325 | 396 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| 28 | 11 | -21 | 96 | 63 | -5 | |
| -12 | -3 | -30 | -41 | -12 | -7 | |
| -24 | -8 | 53 | -47 | -40 | 19 | |
| Net Cash Flow | -8 | 0 | 1 | 7 | 12 | 8 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| Debtor Days | 124 | 130 | 102 | 91 | 106 | 123 |
| Inventory Days | 102 | 93 | 67 | 75 | 108 | 115 |
| Days Payable | 53 | 63 | 34 | 28 | 31 | 29 |
| Cash Conversion Cycle | 173 | 159 | 135 | 138 | 184 | 209 |
| Working Capital Days | 175 | 187 | 152 | 156 | 187 | 194 |
| ROCE % | 29% | 33% | 18% | 17% | 19% |
Documents
Announcements
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Compliances-Reg.24(A)-Annual Secretarial Compliance
11h - 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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Nov 2024TranscriptNotesPPT
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Jun 2024Transcript PPT
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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]