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

₹ 462 -2.00%
25 Apr 4:01 p.m.
vidhifoodcolors.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 ₹ 2,296 Cr.
  • Current Price ₹ 462
  • High / Low ₹ 497 / 326
  • Stock P/E 66.1
  • Book Value ₹ 53.3
  • Dividend Yield 0.22 %
  • ROCE 17.6 %
  • ROE 16.1 %
  • Face Value ₹ 1.00
Edit ratios

Pros

  • Company has reduced debt.

Cons

  • Stock is trading at 8.67 times its book value

* 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

Edit Columns
Loading peers table ...

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
79.28 97.80 103.48 127.62 160.96 145.00 120.69 107.42 86.41 89.47 79.67 80.15 62.97
63.72 80.96 84.63 106.23 135.81 125.78 104.53 92.63 73.82 77.27 66.66 66.44 48.60
Operating Profit 15.56 16.84 18.85 21.39 25.15 19.22 16.16 14.79 12.59 12.20 13.01 13.71 14.37
OPM % 19.63% 17.22% 18.22% 16.76% 15.62% 13.26% 13.39% 13.77% 14.57% 13.64% 16.33% 17.11% 22.82%
0.00 0.57 0.21 0.17 0.02 0.98 0.38 0.17 0.06 0.60 0.62 0.24 0.04
Interest 0.60 0.45 0.49 0.74 1.50 1.18 0.92 1.06 0.88 0.79 1.12 0.88 0.77
Depreciation 0.70 0.79 0.67 0.79 0.83 0.82 0.81 0.89 0.84 0.97 0.97 1.46 1.93
Profit before tax 14.26 16.17 17.90 20.03 22.84 18.20 14.81 13.01 10.93 11.04 11.54 11.61 11.71
Tax % 26.44% 26.65% 25.08% 28.06% 25.70% 24.29% 25.66% 21.37% 29.83% 20.38% 27.47% 22.39% 26.64%
10.48 11.86 13.41 14.41 16.97 13.78 11.01 10.24 7.67 8.78 8.37 9.01 8.59
EPS in Rs 2.10 2.37 2.68 2.89 3.40 2.76 2.20 2.05 1.54 1.76 1.68 1.80 1.72
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
225 266 537 404 312
174 213 452 348 259
Operating Profit 51 53 85 56 53
OPM % 22% 20% 16% 14% 17%
1 2 1 1 2
Interest 3 2 4 4 4
Depreciation 3 3 3 4 5
Profit before tax 45 50 79 50 46
Tax % 25% 26% 26% 24%
34 37 59 38 35
EPS in Rs 6.79 7.32 11.73 7.55 6.96
Dividend Payout % 15% 11% 3% 11%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: 22%
TTM: -32%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 4%
TTM: -19%
Stock Price CAGR
10 Years: 58%
5 Years: 43%
3 Years: 35%
1 Year: 23%
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 Sep 2023
Equity Capital 5 5 5 5 5
Reserves 124 156 212 246 261
34 31 90 52 40
24 34 44 29 35
Total Liabilities 186 226 352 331 341
40 38 47 55 130
CWIP 6 8 37 68 4
Investments 0 0 0 0 0
141 179 268 207 207
Total Assets 186 226 352 331 341

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

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
64.27% 64.27% 64.27% 64.27% 64.27% 64.28% 64.28% 64.28% 64.28% 64.28% 64.28% 64.28%
0.22% 0.16% 0.22% 0.37% 0.34% 0.20% 0.08% 0.09% 0.08% 0.07% 0.07% 0.08%
0.30% 0.31% 0.00% 0.00% 0.11% 0.00% 0.00% 0.00% 0.01% 0.00% 0.00% 0.00%
35.21% 35.26% 35.51% 35.36% 35.27% 35.51% 35.63% 35.63% 35.64% 35.66% 35.65% 35.64%
No. of Shareholders 18,94321,19921,65220,62621,12821,97221,34120,50819,92918,43217,81418,808

* 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.

Click on the line-items to see the names of individual entities.

Documents

Announcements

Annual reports

Credit ratings

Concalls

  • Feb 2024
    Transcript
    Notes
    PPT
  • Nov 2023
    Transcript
    Notes
    PPT
  • Aug 2023
    Transcript
    Notes
    PPT
  • Aug 2023
    Transcript
    Notes
    PPT
  • May 2023
    Transcript
    Notes
    PPT
  • Feb 2023
    Transcript
    Notes
    PPT
  • Nov 2022
    Transcript
    Notes
    PPT
  • Aug 2022
    Transcript
    Notes
    PPT
  • May 2022
    Transcript
    Notes
    PPT
  • Feb 2022
    Transcript
    Notes
    PPT
  • Nov 2021
    Transcript
    Notes
    PPT
  • Aug 2021
    Transcript
    Notes
    PPT
  • Jun 2021
    Transcript
    Notes
    PPT
  • Mar 2021
    Transcript
    Notes
    PPT