Vidhi Specialty Food Ingredients Ltd

Vidhi Specialty Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Vidhi Specialty Food Ingredients Ltd

₹ 422 -1.50%
21 Sep - close price
vidhifoodcolour.com BSE: 531717 NSE : VIDHIING
About

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]

Key Points

Products
The company manufactures Synthetic Water Soluble Colours, Aluminium Lakes, FD&C Colours, FD&C Lakes, D&C Colours, Blends, Co-Blended Lakes & Co-Blended Granules, Natural Colours. Besides food colours the company is also engaged in sourcing and exporting high quality non food dyes as under: Acid Dyes, Textile Dyes,Reactive Dyes, Basic Dyes, Pigments. [1][2]
The Group has ISO and Kosher certifications, and product approvals from customers and majorly caters to export market with 90% of revenue.[3]

Website BSE NSE
  • Market Cap ₹ 2,106 Cr.
  • Current Price ₹ 422
  • High / Low ₹ 465 / 317
  • Stock P/E 60.1
  • Book Value ₹ 50.2
  • Dividend Yield 0.19 %
  • ROCE 17.6 %
  • ROE 16.1 %
  • Face Value ₹ 1.00
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Pros

  • Company has reduced debt.

Cons

  • Stock is trading at 8.40 times its book value
  • 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

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023
40.20 49.13 79.28 97.80 103.48 127.62 160.96 145.00 120.69 107.42 86.41 89.47 79.67
30.13 39.10 63.72 80.96 84.63 106.23 135.81 125.78 104.53 92.63 73.82 77.27 66.66
Operating Profit 10.07 10.03 15.56 16.84 18.85 21.39 25.15 19.22 16.16 14.79 12.59 12.20 13.01
OPM % 25.05% 20.42% 19.63% 17.22% 18.22% 16.76% 15.62% 13.26% 13.39% 13.77% 14.57% 13.64% 16.33%
0.12 0.90 0.00 0.57 0.21 0.17 0.02 0.98 0.38 0.17 0.06 0.60 0.62
Interest 0.34 0.21 0.60 0.45 0.49 0.74 1.50 1.18 0.92 1.06 0.88 0.79 1.12
Depreciation 0.72 0.71 0.70 0.79 0.67 0.79 0.83 0.82 0.81 0.89 0.84 0.97 0.97
Profit before tax 9.13 10.01 14.26 16.17 17.90 20.03 22.84 18.20 14.81 13.01 10.93 11.04 11.54
Tax % 26.51% 24.98% 26.44% 26.65% 25.08% 28.06% 25.70% 24.29% 25.66% 21.37% 29.83% 20.38% 27.47%
6.72 7.51 10.48 11.86 13.41 14.41 16.97 13.78 11.01 10.24 7.67 8.78 8.37
EPS in Rs 1.35 1.50 2.10 2.37 2.68 2.89 3.40 2.76 2.20 2.05 1.54 1.76 1.68
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
225 266 537 404 363
174 213 452 348 310
Operating Profit 51 53 85 56 53
OPM % 22% 20% 16% 14% 14%
1 2 1 1 1
Interest 3 2 4 4 4
Depreciation 3 3 3 4 4
Profit before tax 45 50 79 50 47
Tax % 25% 26% 26% 24%
34 37 59 38 35
EPS in Rs 6.79 7.32 11.73 7.55 7.03
Dividend Payout % 15% 11% 3% 11%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: 22%
TTM: -35%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 4%
TTM: -38%
Stock Price CAGR
10 Years: 66%
5 Years: 39%
3 Years: 56%
1 Year: 2%
Return on Equity
10 Years: %
5 Years: %
3 Years: 23%
Last Year: 16%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023
5 5 5 5
Reserves 124 156 212 246
34 31 90 52
24 34 44 29
Total Liabilities 186 226 352 331
40 38 47 55
CWIP 6 8 37 68
Investments 0 0 0 0
141 179 268 207
Total Assets 186 226 352 331

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023
28 11 -21 96
-12 -3 -30 -41
-24 -8 53 -47
Net Cash Flow -8 0 1 7

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 124 130 102 91
Inventory Days 102 93 67 75
Days Payable 53 63 34 28
Cash Conversion Cycle 173 159 135 138
Working Capital Days 175 187 152 156
ROCE % 29% 33% 18%

Shareholding Pattern

Numbers in percentages

Sep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023
64.27% 64.27% 64.27% 64.27% 64.27% 64.27% 64.27% 64.27% 64.28% 64.28% 64.28% 64.28%
0.15% 0.15% 0.26% 0.22% 0.16% 0.22% 0.37% 0.34% 0.20% 0.08% 0.09% 0.08%
0.00% 0.00% 0.00% 0.30% 0.31% 0.00% 0.00% 0.11% 0.00% 0.00% 0.00% 0.01%
35.58% 35.58% 35.47% 35.21% 35.26% 35.51% 35.36% 35.27% 35.51% 35.63% 35.63% 35.64%
No. of Shareholders 12,90313,44814,16918,94321,19921,65220,62621,12821,97221,34120,50819,929

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Documents

Announcements

Annual reports

Credit ratings

Concalls

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