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Vidhi Specialty Food Ingredients Limited

Vidhi Specialty Food Ingredients Limited

VIDHIING.NS
Vidhi Specialty Food Ingredients LimitedIN flagNational Stock Exchange of India
296.15
INR
+3.35
- -
14.79BMarket Cap
Vidhi Specialty Food Ingredients Limited
VIDHIING.NS
(National Stock Exchange of India)

Recent

price

296.15

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
17,645
17,408
13,755

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
- -
- -
- -
- -
- -
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Business
Vidhi Specialty Food Ingredients Limited manufactures and trades synthetic food colors and related dyes for applications in food and beverage, confectionery, pharmaceuticals, feeds, cosmetics, inkjet inks and personal and home care industries. The company produces synthetic water-soluble 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; US FDA certified FD&C colors and lakes, D&C colors, cosmetic colors, natural colors, blends, co-blended lakes and granules; and colors compliant with EC Regulation 231/2012/EC. Incorporated in 1994 and headquartered in Mumbai, India, Vidhi Specialty Food Ingredients Limited, formerly Vidhi Dyestuffs Manufacturing Limited until its name change in August 2016, operates manufacturing facilities in Dhatav, Raigad District, Maharashtra, and Dahej SEZ, Gujarat, with products distributed in over 80 countries across six continents including India, rest of Asia, Europe, South Africa, the Middle East and the United States. The company holds ISO 9001:2008, ISO 22000:2018, GMP, HACCP and FSSC 22000 certifications, with facilities audited by the US FDA and products carrying HALAL and Kosher certifications. In recent developments, Vidhi commenced trial production at its Dahej SEZ greenfield plant in August 2023 and full production in December 2023, adding 350 metric tons per month capacity to reach a total of 675 metric tons per month from prior levels of 325 metric tons per month; the company plans further expansion via Phase II at Roha MIDC through its wholly-owned subsidiary Arjun Foods Limited, targeting another 350 metric tons per month with environmental clearance applied for and expected commissioning in 2025-26; manufacturing revenue contribution rose to 90% in fiscal 2024 from 47% in fiscal 2022 as low-margin trading declines, supporting higher-margin product introductions and operational efficiencies amid robust sales growth to Rs 382.30 crore in fiscal 2025.