Vidhi Specialty Food Ingredients Limited

Vidhi Specialty Food Ingredients Limited

VIDHIING.BO
Vidhi Specialty Food Ingredients LimitedIN flagBombay Stock Exchange
292.40
INR
-11.75
- -
14.62BMarket Cap
Vidhi Specialty Food Ingredients Limited
VIDHIING.BO
(Bombay Stock Exchange)

Recent

price

292.40

P/E

ratio

- -

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
FRC
19.97
22.75
24.01
28.67
37.84
36.98
37.35
41.08
44.39
42.74
52.09
105.69
79.35
58.09
76.47
- -
76.04
Revenue per Share
0.74
0.67
0.83
1.2
2.49
2.95
2.93
3.13
5.82
6.79
7.32
11.75
7.55
7.3
8.68
- -
9.77
Basic EPS, GAAP
-2.34
-1.16
-0.03
1.17
3.21
0.22
-2.05
6.27
3.62
4.6
1.57
-12.47
10.63
10.26
-2.4
- -
- -
Free Cash Flow per Basic Share
- -
- -
0.2
0.4
0.25
0.85
0.97
0.97
0.97
1.22
0.8
0.6
0.8
1.39
4.5
- -
- -
Dividend per Share
4.91
5.52
6.13
6.79
8.31
10.09
11.77
13.63
17.92
22.77
28.56
38.61
45.3
51.2
1
- -
1
Book Value per Share
5.18
5.79
6.46
7.21
9.06
11.27
13.24
15.36
20.22
24.2
30.75
42
48.71
54.63
58.77
- -
64.16
Tangible Book Value per Share
50
50
50
50
50
50
50
50
50
50
50
50
50
50
50
- -
50
Basic Weighted Avg Shares
994
1,145
1,200
1,428
1,888
1,847
1,866
2,052
2,217
2,135
2,602
5,268
3,962
2,901
3,823
3,800
3,800
Sales/Revenue/Turnover
7.64
7.5
8.9
9.95
13.65
15.05
12.53
12.1
18.71
19.27
17.92
14.17
12.19
17.53
15.93
18.09
18.06
Operating Margin (%)
9
9
17
20
16
22
23
25
24
30
29
31
35
64
76
92
94
Depreciation Expense
37
34
41
60
124
147
147
156
291
339
366
586
377
364
434
490
488
Net Income, GAAP
39
32.51
34.8
34.52
35.54
34.66
37.91
35.81
28.87
24.91
26.23
25.83
24.3
25.32
28.39
25.39
25.63
Effective Tax Rate (%)
3.71
2.95
3.46
4.18
6.58
7.98
7.86
7.62
13.1
15.89
14.05
11.12
9.52
12.56
11.35
12.88
12.85
Profit Margin (%)
173
143
159
203
214
318
415
546
755
865
1,192
1,523
1,349
1,457
1,658
1,873
1,873
Working Capital
29
40
27
22
20
49
30
43
28
13
19
160
54
8
12
8
8
LT Debt
258
291
323
359
452
563
661
767
1,010
1,287
1,613
2,170
2,507
2,802
3,011
3,278
3,278
Total Equity
10.78
9.81
9.96
12.25
19.51
18.39
12.27
12.62
22.09
20.02
19.31
22.16
12.03
12.64
13.11
13.66
13.56
Return on Invested Capital (%)
8.85
5.84
6.06
9.04
15.87
16.36
15.07
15.7
25.24
25.32
23.13
26.53
14.03
13.62
26.06
78.83
78.62
Return on Capital (%)
16.31
12.92
14.2
18.54
33.02
32.08
26.84
24.64
36.88
33.38
28.52
34.95
18.01
15.13
33.29
978.75
976.19
Return on Common Equity (%)

Capital Structure

FRC

in mil. unless spec.
Sep'26
Dec'26
Mar'26
ST Debt
594
- -
568
LT Borrowings
- -
- -
- -
LT Finance Leases
10
- -
8
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
50
- -
50
Market Capitalization
17,755
17,488
13,665

Working Capital

FRC

in mil. unless spec.
Sep'26
Dec'26
Mar'26
Total Current Assets
2,596
- -
2,687
Cash, Cash Equivalents & STI
383
- -
210
Accounts Receivable, Net
1,048
- -
1,430
Inventories
980
- -
808
Total Current Liabilities
950
- -
813
Payables & Accruals
- -
- -
- -
ST Debt
594
- -
568
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
19.61%
15.63%
8.88%
Free Cash Flow
-304.85%
-304.63%
-319.99%
Net Income, GAAP
16.97%
10.62%
12.81%
Sales/Revenue/Turnover
11.93%
16.42%
-0.6%
Total Cash Common Dividend
- -
61.16%
0.05%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
797
801
630
728
2,901
2025
830
913
985
1,095
3,823
2026
879
750
945
1,227
3,800

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1.68
1.81
1.73
- -
7.3
2025
1.69
2.07
2.55
2.37
8.68
2026
2.54
2.11
2.49
2.63
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
1.39
2025
- -
- -
- -
- -
4.5
2026
- -
- -
- -
- -
- -
Business
Vidhi Specialty Food Ingredients Limited is an Indian manufacturer and trader of synthetic food colors and specialty chemicals. The company produces a comprehensive range of synthetic water-soluble food colors including Tartrazine, Quinoline Yellow, Carmoisine, Erythrosine, Amaranth, Indigo Carmine, Allura Red, Black PN, Chocolate Brown HT, and Ponceau 4R; aluminum lakes such as Lake Tartrazine, Lake Sunset Yellow FCF, Lake Quinoline Yellow, Lake Amaranth, Lake Ponceau 4R, Lake Erythrosine, Lake Allura Red AC, Lake Patent Blue V, and Lake Carmoisine; as well as natural colors. These products serve diverse industries including food and beverages, pharmaceuticals, cosmetics, personal care, feeds, confectionery, and dairy. The company operates primarily within India with manufacturing facilities including its recently expanded plant in Dahej GIDC. Founded in 1987 and headquartered in Mumbai, Vidhi Specialty Food Ingredients has recently focused on capacity expansion and product innovation to enhance its portfolio, particularly increasing the share of high-margin, high-value products from around 15% to an expected 50%. The company acquired Arjun Food Colorants Manufacturing Private Limited, making it a wholly owned subsidiary, and has announced significant capex plans involving an approximate investment of INR 100 crores to expand production facilities. This expansion aligns with the company's strategic shift toward increasing its R&D capabilities to develop innovative products amid growing market demand for natural and synthetic food colors. It also recently reappointed key leadership roles to steer its growth trajectory. Vidhi Specialty Food Ingredients maintains steady financial performance with rising net sales and profit margins, exemplified by a net profit increase of 19.07% for the fiscal year ending March 2025, reflecting resilience despite regulatory challenges and export market uncertainties. The company remains committed to delivering superior synthetic and natural color solutions supported by technological advancements to meet evolving consumer and regulatory standards across its target markets. Its product range and strategic initiatives position Vidhi Specialty Food Ingredients as a notable player in the specialty food colorants and chemicals sector in India and globally.