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Vidhi Specialty Food Ingredients Ltd (VIDHIING)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 531717 NSE: VIDHIING Dyes & Pigments | Small Cap | Vidhi Specialty Food Share Price

₹349.05 -6.75 (-1.90%)

As on 09-Sep'26 16:59

Vidhi Specialty Food Ingredients Ltd (VIDHIING)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 531717 NSE: VIDHIING Dyes & Pigments | Small Cap | Vidhi Specialty Food Share Price

₹349.05 -6.75 (-1.90%)

As on 09-Sep'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹1,777 Cr.
Current Price
₹349.1
52-Week Low / High
₹259 / 398
TTM EPS
₹10.7
TTM Sales
₹438 Cr.
Book Value per Share
₹69.3
P/E Ratio
33.18
Lower than its 5-year historical median
Industry PE
3.9
Price to Book (P/B)
5.13
Lower than its 5-year historical median
Price to Sales (P/S)
4.05
Lower than its 5-year historical median
EV/EBITDA
21.33
Lower than its 5-year historical median
Dividend Yield
0.86%
Profitability Efficiency
Return on Equity (ROE)
15.58%
Outperforms industry median
Return on Capital Employed (ROCE)
18.82%
Outperforms industry median
Return on Assets (ROA)
12.04%
Operating Profit Margin
20.5%
Net Profit Margin
12.93%
Gross Profit Margin
19.8%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
-0.59%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
13.9%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
12.81%
Asset Quality
Promoter Holding
64.27%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹341 Cr.
Equity
₹5 Cr.
Face Value
₹1
All Time Low / High
₹0.18 / 571.95

Vidhi Specialty Food Ingredients stock performance

Key Ratios
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Check Before You Invest

Valuation

Fair

Price Trend

Strong
Q.1 Is Vidhi Specialty Food Ingredients Ltd a good quality company?
Vidhi Specialty Food Ingredients Ltd is a good quality company, based on a consistently good multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Vidhi Specialty Food Ingredients Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Vidhi Specialty Food Ingredients Ltd vs industry peers?
Vidhi Specialty Food Ingredients Ltd revenue CAGR is 7.36%, compared to the industry median CAGR of 5.89%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Vidhi Specialty Food Ingredients Ltd?
Promoters hold 64.27% of the Vidhi Specialty Food Ingredients Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Vidhi Specialty Food Ingredients Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 21% based on the current price.

10 Year X-Ray :

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Vidhi Specialty Food Ingredients Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good

Value Creation

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
ROCE % 23.8%23.6%33.4%31.4%28.9%33.2%17.6%17.3%18.8%18.8%-
Value Creation
Index
0.70.71.41.21.11.40.30.20.30.3-

Growth Parameters

Sales 193213228225266537404298382380438
Sales YoY Gr.-10.4%7.4%-1.6%18.6%101.6%-24.8%-26.2%28.3%-0.6%-
Adj EPS 2.93.15.86.87.311.77.57.38.79.810.7
YoY Gr.-8.3%85.9%17.2%7%60.8%-36.3%-2%18%13.8%-
BVPS (₹) 13.215.420.225.832.443.650.356.360.565.969.3
Adj Net
Profit
14.415.629.134.136.558.737.436.643.249.253
Cash Flow from Ops. -8.933.222.127.811.2-21.695.971.2-4.642.4-
Debt/CF from Ops. -71.321.22.7-4.20.50.3-14.11.3-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 7.8%7.4%-2%-0.6%
Adj EPS 14.6%6.2%9.6%13.8%
BVPS19.5%15.3%9.4%8.9%
Share Price 21% -1.4% -7.1% -6.6%

Key Financial Parameters

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
Return on
Equity %
23.821.932.729.725.130.915.913.814.815.615.9
Op. Profit
Mgn %
15.114.820.222.519.715.813.819.217.920.519.1
Net Profit
Mgn %
7.57.412.715.213.710.99.312.311.312.912.2
Debt to
Equity
0.90.60.40.30.20.40.20.10.20.2-
Working Cap
Days
190218205222220152211225190233127
Cash Conv.
Cycle
1061051061311299614215714618184

Valuation of Vidhi Specialty Food - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Financials

PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Sales193213228225266537404298382380
Operating Expenses + 164181182174214452348241314302
Manufacturing Costs21232829312121253235
Material Costs129139133123159398293185238216
Employee Cost 2333444569
Other Costs 11161819192929263842
Operating Profit 29314650538556576978
Operating Profit Margin (%) 15.1%14.8%20.2%22.5%19.7%15.8%13.8%19.2%17.9%20.5%
Other Income + 1011211122
Exceptional Items 0000000000
Interest 4533244325
Depreciation 2223333679
Profit Before Tax 24244145507950496066
Tax 991211132012121717
Profit After Tax 15162934375938374449
PAT Margin (%) 7.6%7.4%12.7%15.2%13.8%10.9%9.4%12.3%11.4%12.9%
Adjusted EPS (₹)2.93.15.86.87.411.87.67.38.79.8
Dividend Payout Ratio (%)27.30%25.60%13.80%14.70%10.90%6.80%10.60%27.30%57.30%30.50%
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26

Equity and Liabilities

Shareholders Fund + 6677101129162218251281302329
Share Capital 5555555555
Reserves 617296124157213246276297324
Debt +61424232309050206456
Long Term Debt34312165000
Short Term Debt58383931287445196456
Minority Interest0000000000
Trade Payables27281818273723151921
Others Liabilities 14161918198891213
Total Liabilities 169163181197238352332325397420

Fixed Assets

Net Fixed Assets +30293131293847125126133
Gross Block32343841415366150158174
Accumulated Depreciation25710131619253342
CWIP 000253365000
Investments 00013131313131313
Inventories41353534407361567581
Trade Receivables615962769515010188129143
Cash Equivalents 5819101118192720
Others Assets 32313431464439232730
Total Assets 169163181197238352332325397420
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Cash Flow From Operating Activity + -933222811-229671-542
PBT 24244145507950496066
Adjustment 675657791214
Changes in Working Capital -309-12-12-31-865124-63-22
Tax Paid -8-8-12-12-13-21-12-11-13-16
Cash Flow From Investing Activity + -1-1-4-17-3-40-42-25-7-16
Capex -1-2-4-5-3-41-43-20-7-16
Net Investments -00-0-13000-6-0-1
Others 0001000111
Cash Flow From Financing Activity + 5-29-8-19-853-47-4019-35
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing -21-2-2114-11-4-00
Interest Paid -4-5-3-3-2-4-4-3-2-5
Dividend Paid -5-5-5-6-4-3-4-7-22-22
Others 15-202-8-345-29-2644-8
Net Cash Flow -5310-80-9668-8
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Ratios
ROE (%)24.1821.932.7129.6525.283116.1513.7614.9415.58
ROCE (%)23.7523.5933.3531.428.9133.2217.5917.3218.7918.82
Asset Turnover Ratio1.421.311.331.191.221.821.180.911.060.93
PAT to CFO Conversion(x)-0.62.060.760.820.3-0.372.531.92-0.110.86
Working Capital Days
Receivable Days88.40101.1096.70112.40117.1083.20113.30115.80103.50130.40
Inventory Days60.6063.3055.8056.4050.8038.3060.2071.6062.7074.80
Payable Days57.7072.206353.8051.7029.3037.1037.7026.5033.60

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Vidhi Specialty Food Ingredients Ltd FAQs

The current trading price of Vidhi Specialty Food on 09-Sep-2026 16:59 is ₹349.1.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 08-Sep-2026 the market cap of Vidhi Specialty Food stood at ₹1,777 Cr

The latest P/E ratio of Vidhi Specialty Food as of 08-Sep-2026 is 33.18.

The latest P/B ratio of Vidhi Specialty Food as of 08-Sep-2026 is 5.13.

The 52-week high of Vidhi Specialty Food is ₹397.8 and the 52-week low is ₹258.8.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Vidhi Specialty Food is ₹438 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that Vidhi Specialty Food Ingredients Ltd is a good quality company.

The key valuation ratios of Vidhi Specialty Food Ingredients Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Vidhi Specialty Food Ingredients Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing

About Vidhi Specialty Food Ingredients Ltd

Vidhi Dyestuffs Manufacturing was established in 1994 as Vidhi International Private Ltd, later the name was changed to Vidhi Dyestuffs Manufacturing Private Limited in the same year.

Vidhi Dyestuffs Manufacturing is being steered forward in the 21st century under the able management of their promoters Bipin Manek and Naresh Modi and Vijay Kalte with his experience in the dyestuffs industry is the force driving the R&D at Vidhi. Vidhi export 95% of its production to leading countries of Europe, Far East, Latin America, Australlia and Africa.

Today with a unit occupying a built up area 45,000 sq.ft. Vidhi has an installed production capacity of 90 MPTM. At Vidhi the testing lab apart from ensuring quality, weeds out the impurities in the raw materials and maintains a rigid process control.

Lloyd’s Register Quality Assurance (LRQA), a leading international accredited certification body for quality assurance has approved the quality management systems of the company to the international standard BS EN ISO 9001-2000 with UK National Accrediation: UKAS Mark.

Products range of the company includes:

  • Brilliant blue FCF
  • Indigo Carmine
  • Allura Red AC
  • Tartrazine
  • Sunset yellow FCF
  • Erythrosine
  • Chocolate Brown HT
  • Patent Blue V
  • Green S
  • Carmoisine
  • Amaranth
  • Ponceau 4R
  • Quinoline yellow 
  • Black PN

Achievements/ recognition:

An ISO9001:2000 certified company

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