Vidhi Specialty Food Ingredients Ltd.

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vidhifoodcolors.comBSE: 531717NSE: VIDHIING

Market Cap₹ 1,743 Cr.

Current Price

High / Low₹ 388 / 259

Stock P/E32.5

Book Value₹ 69

Price to Book4.15

Dividend Yield0.86 %

ROCE18.8 %

ROE15.6 %

Face Value₹ 1

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ABOUT

AI Sector View

AI GENERATED

Chemicals

Hold

The available domestic chemical proxies are mixed to weak. Fertilizers output was -8.0% YoY (2026-07) and sale quantity of fertilisers was 0.0% YoY (2026-05), although that high-frequency barometer is stale. FPI positioning is less negative than before, with net 3-month outflow only INR -11 crore versus INR -1229 crore in the prior 3 months to 2026-08-31, but the weak sector driver argues for a neutral stance.

Confidence

55%

View full sector analysis →

PROS

Latest quarter profit grew 34.7% YoY, showing strong momentum
Operating margins have improved to 20.5% from 14.1%
Company has been maintaining a healthy dividend payout of 30.5%
Stock looks reasonably valued - P/E of 32.5 is below its historical median
Company comfortably covers its interest (14.8x coverage)
Company generates healthy free cash flow

CONS

Company has delivered a poor profit growth of 6.0% over past five years
Company has delivered a poor sales growth of 7.4% over past five years
Expensive relative to growth - PEG of 3.6
Debtor days have increased from 104 to 130

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

ChemicalsChemicalsDyes & Pigments

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name
1.	SUDARSCHEM	1261.75	138.75	10045.59	0.40	103.40	88.00	2642.10	5.39	5.99	10.29
2.	KIRIINDUS	550.35	0.61	3586.52	0.00	290.70	186.82	312.36	54.54	110.39	11.71
3.	BODALCHEM	175.00	32.09	2204.02	0.00	30.38	218.67	709.04	56.11	5.06	9.72
4.	VIDHIING	349.05	32.74	1743.33	0.86	17.12	34.74	146.28	66.42	18.83	17.78
5.	SHREEPUSHK	501.95	22.52	1623.19	0.42	22.93	9.40	280.07	10.04	11.81	11.40
6.	ULTRAMAR	427.40	13.54	1248.01	1.40	31.59	56.46	239.96	30.14	11.10	18.95
7.	SUDARCOLOR	380.05	2.88	877.22	0.00	20.36	19.13	222.39	5.54	11.00	11.51
8.	PODDARMENT	295.90	20.60	313.95	1.35	46.47	1015.73	901.30	887.64	5.83	5.95
9.	DYNPRO	235.20	14.38	292.32	0.64	5.19	7.92	86.43	-6.99	11.27	14.60
10.	HPIL	121.00	89.02	138.23	0.00	0.25	-86.19	26.76	-38.75	6.36	2.88
11.	ISHANCH	44.45	0.00	121.37	0.00	0.15	-48.33	41.48	154.63	4.08	8.10

Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	80	80	63	78	83	91	99	110	88	75	94	123	146
	67	66	49	62	69	76	79	90	67	57	75	102	123
Operating Profit	13	14	14	16	14	15	19	20	21	18	19	21	23
OPM %	16.34%	17.09%	22.74%	20.55%	17.03%	16.65%	19.39%	18.25%	23.36%	23.58%	20.30%	16.83%	15.61%
	1	0	0	0	0	1	0	1	0	1	0	0	0
Interest	1	1	1	0	0	0	1	1	2	1	1	1	1
Depreciation	1	1	2	2	2	2	2	2	2	2	2	2	2
Profit before Tax	12	12	12	14	12	14	17	18	17	15	16	18	23
Tax %	27.45%	22.24%	26.76%	24.57%	28.73%	23.64%	25.13%	32.13%	25.92%	28.71%	21.56%	25.92%	25.62%
Net Profit	8	9	9	11	8	10	13	12	13	11	12	13	17
	1.68	1.82	1.72	2.12	1.69	2.08	2.54	2.40	2.55	2.14	2.49	2.66	3.43

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	193	213	228	225	266	537	404	298	382	380	438
	164	181	182	174	214	452	348	241	314	302	358
Operating Profit	29	31	46	50	53	85	56	57	69	78	80
OPM %	15.09%	14.80%	20.18%	22.46%	19.73%	15.77%	13.82%	19.22%	17.92%	20.53%	18.32%
	1	0	1	1	2	1	1	1	2	2	2
Interest	4	5	3	3	2	4	4	3	2	5	4
Depreciation	2	2	2	3	3	3	3	6	7	9	9
Profit before Tax	24	24	41	45	50	79	50	49	60	66	72
Tax %	37.91%	35.81%	28.87%	24.82%	26.13%	25.77%	24.22%	25.23%	27.57%	25.50%	25.45%
Net Profit	15	16	29	34	37	59	38	37	44	49	54
EPS	0.00	0.00	0.00	0.00	7.35	11.78	7.59	7.33	8.72	9.84	—
Dividend Payout %	27.27%	25.56%	13.75%	14.66%	10.88%	6.80%	10.56%	27.28%	57.31%	30.48%	—

COMPOUNDED SALES GROWTH

10 Years:: 7%
5 Years:: 7%
3 Years:: -2%

COMPOUNDED PROFIT GROWTH

10 Years:: 13%
5 Years:: 6%
3 Years:: 9%

STOCK PRICE CAGR

10 Years:: —
5 Years:: -2%
3 Years:: -8%
1 Year:: -10%

RETURN ON EQUITY

10 Years:: 23%
5 Years:: 18%
3 Years:: 15%
Last Year:: 16%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	5	5	5	5	5	5	5	5	5	5
	61	72	96	124	157	213	246	276	297	324
	62	44	44	34	31	90	52	20	65	57
Trade Payables	27	28	18	18	27	37	23	15	19	21
	13	14	18	17	18	8	6	9	11	13
Total Liabilities	169	163	181	197	238	352	332	325	397	420
	30	29	31	31	29	38	47	125	126	133
Capital Work in Progress	0	0	0	2	5	33	65	0	0	0
	0	0	0	13	13	13	13	13	13	13
	41	35	35	34	40	73	61	56	75	81
	0	0	0	0	0	0	0	88	129	143
Cash & Bank	5	8	19	10	11	1	8	19	27	20
	93	91	96	107	141	194	139	23	27	30
Total Assets	169	163	181	197	238	352	332	325	397	420

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	-1	41	34	39	24	-0	108	71	-5	42
Cash from Investing	-1	-1	-4	-17	-3	-40	-42	-25	-7	-16
Cash from Financing	5	-29	-8	-19	-8	53	-47	-40	19	-35
	-5	3	10	-8	0	-9	6	6	8	-8

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026

Shareholding Pattern

Numbers in percentages

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	64.27	64.27	64.27	64.27	64.27	64.27	64.27	64.27	64.27
	0.14	0.11	0.10	0.11	0.12	0.12	0.10	0.12	0.06
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.04
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	35.59	35.62	35.63	35.62	35.61	35.60	35.63	35.61	35.62

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-09-01

General Updates

2026-09-01 - Vidhi Specialty Food Ingredients Limited has informed the Exchange about General Updates

2026-09-01

Copy of Newspaper Publication

2026-09-01 - Vidhi Specialty Food Ingredients Limited has informed the Exchange about Copy of Newspaper Publication

2026-08-31

Shareholders meeting

2026-08-31 - Vidhi Specialty Food Ingredients Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 24, 2026

2026-08-19

Copy of Newspaper Publication

2026-08-19 - Vidhi Specialty Food Ingredients Limited has informed the Exchange about Copy of Newspaper Publication

2026-08-11

Appointment

2026-08-11 - Vidhi Specialty Food Ingredients Limited has informed the Exchange regarding Appointment of Chetan P Bavishi as Independent Director of the company w.e.f. August 11, 2026.

2026-08-11

Outcome of Board Meeting

2026-08-11 - Vidhi Specialty Food Ingredients Limited has informed the Exchange regarding Outcome of Board Meeting held on August 11, 2026.

2026-07-30

Copy of Newspaper Publication

2026-07-30 - Vidhi Specialty Food Ingredients Limited has informed the Exchange about Copy of Newspaper Publication

2026-07-29

Investor Presentation

2026-07-29 - Vidhi Specialty Food Ingredients Limited has informed the Exchange about Investor Presentation

2026-07-29

Updates

2026-07-29 - Vidhi Specialty Food Ingredients Limited has informed the Exchange regarding 'outcome of Board Meeting '.