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 ₹ 1,472 Cr.
- Current Price ₹ 295
- High / Low ₹ 482 / 259
- Stock P/E 30.1
- Book Value ₹ 65.6
- Dividend Yield 1.70 %
- ROCE 18.8 %
- ROE 15.6 %
- Face Value ₹ 1.00
Pros
Cons
- The company has delivered a poor sales growth of 7.36% 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
Commodities Chemicals Chemicals & Petrochemicals Specialty Chemicals
Part of BSE Commodities BSE 1000
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 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| 225 | 266 | 537 | 404 | 303 | 382 | 380 | |
| 174 | 214 | 452 | 348 | 246 | 314 | 302 | |
| Operating Profit | 51 | 53 | 85 | 56 | 57 | 68 | 78 |
| OPM % | 22% | 20% | 16% | 14% | 19% | 18% | 21% |
| 1 | 2 | 1 | 1 | 1 | 2 | 2 | |
| Interest | 3 | 2 | 4 | 4 | 3 | 2 | 5 |
| Depreciation | 3 | 3 | 3 | 4 | 6 | 8 | 9 |
| Profit before tax | 45 | 50 | 79 | 50 | 49 | 60 | 66 |
| Tax % | 25% | 26% | 26% | 24% | 25% | 28% | 26% |
| 34 | 37 | 59 | 38 | 36 | 43 | 49 | |
| EPS in Rs | 6.79 | 7.32 | 11.73 | 7.55 | 7.30 | 8.69 | 9.80 |
| Dividend Payout % | 15% | 11% | 3% | 11% | 27% | 40% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 7% |
| 3 Years: | -2% |
| TTM: | -1% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 6% |
| 3 Years: | 9% |
| TTM: | 13% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 17% |
| 5 Years: | 8% |
| 3 Years: | -5% |
| 1 Year: | -34% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 17% |
| 3 Years: | 15% |
| Last Year: | 16% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 5 | 5 | 5 | 5 | 5 | 5 | 5 |
| Reserves | 124 | 156 | 212 | 246 | 275 | 296 | 323 |
| 34 | 31 | 90 | 52 | 20 | 66 | 58 | |
| 24 | 34 | 44 | 29 | 24 | 29 | 33 | |
| Total Liabilities | 186 | 226 | 352 | 331 | 325 | 396 | 419 |
| 40 | 38 | 47 | 55 | 133 | 134 | 141 | |
| CWIP | 6 | 8 | 37 | 68 | 4 | 4 | 4 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 141 | 179 | 268 | 207 | 187 | 258 | 274 | |
| Total Assets | 186 | 226 | 352 | 331 | 325 | 396 | 419 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| 28 | 11 | -21 | 96 | 63 | -5 | 42 | |
| -12 | -3 | -30 | -41 | -12 | 5 | -15 | |
| -24 | -8 | 53 | -47 | -40 | 19 | -35 | |
| Net Cash Flow | -8 | 0 | 1 | 7 | 12 | 20 | -8 |
| Free Cash Flow | 23 | 8 | -62 | 53 | 44 | -12 | 26 |
| CFO/OP | 78% | 45% | 0% | 193% | 130% | 13% | 75% |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 124 | 130 | 102 | 91 | 106 | 123 | 137 |
| Inventory Days | 102 | 93 | 67 | 75 | 108 | 115 | 136 |
| Days Payable | 53 | 63 | 34 | 28 | 31 | 29 | 35 |
| Cash Conversion Cycle | 173 | 159 | 135 | 138 | 184 | 209 | 238 |
| Working Capital Days | 124 | 149 | 103 | 115 | 164 | 132 | 161 |
| ROCE % | 29% | 33% | 18% | 17% | 19% | 19% |
Insights
In beta| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2025 | |
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| Installed Production Capacity (Annualized) MTPA |
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Extracted by Screener AI
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
19 May - Transcript of Q4/FY26 earnings call: revenue ₹380 cr, PAT ₹49.15 cr; planned ₹75-85 cr Dahej capex.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
19 May - FY26 transcript: revenue Rs380 crore, net profit Rs49.15 crore, capex plan Rs75-85 crore for Dahej.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
15 May - In terms Reg. 47 of SEBI LODR Reg. 2015 the co has Published Financial result (standalone and Consolidated) for the quarter and FY ended on …
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
14 May - Audio recording of Q4 and FY26 earnings call uploaded on company website.
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Announcement under Regulation 30 (LODR)-Investor Presentation
14 May - Investors Presentation for Quarter four and Financial year ended 31.03.2026
Annual reports
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Financial Year 2025
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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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Concalls
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May 2026TranscriptPPT
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May 2026Transcript PPT REC
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Feb 2026TranscriptAI SummaryPPT
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Nov 2025Transcript PPT REC
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Jul 2025TranscriptAI SummaryPPT
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May 2025TranscriptAI SummaryPPT
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Jan 2025TranscriptAI SummaryPPT
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Nov 2024TranscriptAI SummaryPPT
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Aug 2024TranscriptAI SummaryPPT
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Jun 2024Transcript PPT
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Feb 2024TranscriptAI SummaryPPT
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Nov 2023TranscriptAI SummaryPPT
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Aug 2023TranscriptAI SummaryPPT
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Aug 2023TranscriptAI SummaryPPT
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May 2023TranscriptAI SummaryPPT
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Feb 2023TranscriptAI SummaryPPT
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Nov 2022TranscriptAI SummaryPPT
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Aug 2022TranscriptAI SummaryPPT
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May 2022TranscriptAI SummaryPPT
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Feb 2022TranscriptAI SummaryPPT
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Nov 2021TranscriptAI SummaryPPT
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Aug 2021TranscriptAI SummaryPPT
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Jun 2021TranscriptAI SummaryPPT
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Mar 2021TranscriptAI SummaryPPT
Market Position:[1]
The company is the 3rd largest manufacturer of synthetic food-grade dyes globally and the 2nd largest in Asia.