Vidhi Specialty Food Ingredients
Vidhi Specialty Food Ingredients
CommoditiesKey Fundamentals
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Key Insights
Strengths
2- Company is expected to give good quarter
- Company has been maintaining a healthy dividend payout of 38.4%
Weaknesses
1- The company has delivered a poor sales growth of 7.36% over past five years.
Growth Rate
Quarterly Results
| Particulars | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 80 | 80 | 63 | 78 | 83 | 91 | 99 | 110 | 88 | 75 | 94 | 123 | 146 |
| Expenses | 67 | 66 | 49 | 62 | 69 | 76 | 79 | 90 | 67 | 57 | 75 | 102 | 120 |
| Operating Profit | 13 | 14 | 14 | 16 | 14 | 15 | 19 | 20 | 21 | 18 | 19 | 21 | 26 |
| OPM % | 16% | 17% | 23% | 21% | 17% | 17% | 19% | 18% | 23% | 24% | 20% | 17% | 18% |
| Other Income | 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 |
| PBT | 12 | 12 | 12 | 14 | 12 | 14 | 17 | 18 | 17 | 15 | 16 | 18 | 23 |
| Tax % | 27% | 22% | 27% | 25% | 29% | 24% | 25% | 32% | 26% | 29% | 22% | 26% | 26% |
| Net Profit | 8 | 9 | 9 | 11 | 8 | 10 | 13 | 12 | 13 | 11 | 12 | 13 | 17 |
| EPS in Rs | 1.68 | 1.82 | 1.71 | 2.13 | 1.69 | 2.08 | 2.54 | 2.41 | 2.55 | 2.14 | 2.49 | 2.66 | 3.43 |
Profit & Loss
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 189 | 185 | 193 | 213 | 228 | 225 | 266 | 537 | 404 | 298 | 382 | 380 | 438 |
| Expenses | 162 | 156 | 164 | 181 | 182 | 174 | 214 | 452 | 348 | 241 | 314 | 302 | 355 |
| Operating Profit | 27 | 29 | 29 | 31 | 46 | 51 | 53 | 85 | 56 | 57 | 69 | 78 | 84 |
| OPM % | 14% | 16% | 15% | 15% | 20% | 22% | 20% | 16% | 14% | 19% | 18% | 21% | 19% |
| Other Income | 0 | 1 | 1 | 0 | 1 | 1 | 2 | 1 | 1 | 1 | 2 | 2 | 2 |
| Interest | 6 | 6 | 4 | 5 | 3 | 3 | 2 | 4 | 4 | 3 | 2 | 5 | 4 |
| Depreciation | 2 | 2 | 2 | 2 | 2 | 3 | 3 | 3 | 3 | 6 | 7 | 9 | 9 |
| PBT | 19 | 23 | 24 | 24 | 41 | 45 | 50 | 79 | 50 | 49 | 60 | 66 | 72 |
| Tax % | 36% | 35% | 38% | 36% | 29% | 25% | 26% | 26% | 24% | 25% | 28% | 26% | — |
| Net Profit | 12 | 15 | 15 | 16 | 29 | 34 | 37 | 59 | 38 | 37 | 44 | 49 | 54 |
| EPS in Rs | 2.49 | 2.95 | 2.93 | 3.13 | 5.82 | 6.82 | 7.35 | 11.76 | 7.58 | 7.33 | 8.72 | 9.84 | 10.72 |
| Div. Payout % | 20% | 27% | 27% | 26% | 14% | 15% | 11% | 3% | 11% | 27% | 57% | 31% | — |
Balance Sheet
| Particulars | Mar 2015 | Mar 2016 | 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 | 5 | 5 |
| Reserves | 40 | 50 | 61 | 72 | 96 | 124 | 157 | 212 | 246 | 276 | 297 | 324 |
| Borrowings | 47 | 49 | 62 | 44 | 44 | 34 | 31 | 90 | 52 | 20 | 66 | 58 |
| Other Liabilities | 39 | 18 | 36 | 35 | 25 | 23 | 33 | 44 | 29 | 24 | 29 | 33 |
| Total Liabilities | 131 | 123 | 164 | 155 | 170 | 186 | 226 | 352 | 332 | 325 | 397 | 420 |
| Fixed Assets | 17 | 31 | 30 | 29 | 31 | 31 | 29 | 38 | 47 | 125 | 126 | 133 |
| CWIP | 9 | 0 | 0 | 0 | 0 | 2 | 5 | 33 | 65 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 13 | 13 | 13 | 13 | 13 | 13 | 13 |
| Other Assets | 105 | 92 | 134 | 126 | 139 | 140 | 179 | 268 | 207 | 187 | 258 | 274 |
| Total Assets | 131 | 123 | 164 | 155 | 170 | 186 | 226 | 352 | 332 | 325 | 397 | 420 |
Cash Flow
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | 17 | 17 | -9 | 33 | 22 | 28 | 11 | -22 | 96 | 71 | -5 | 42 |
| Investing | -10 | -7 | -1 | -1 | -4 | -17 | -3 | -40 | -42 | -25 | -7 | -16 |
| Financing | -4 | -7 | 5 | -29 | -8 | -19 | -8 | 53 | -47 | -40 | 19 | -35 |
| Net Cash Flow | 3 | 3 | -5 | 3 | 10 | -8 | 0 | -9 | 6 | 6 | 8 | -8 |
| Free Cash Flow | 7 | 10 | -10 | 31 | 18 | 23 | 8 | -62 | 53 | 51 | -12 | 26 |
| CFO/OP | 83 | 97 | -3 | 130 | 73 | 78 | 45 | 0 | 193 | 144 | 13 | 75 |
Ratios
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 91 | 77 | 116 | 101 | 99 | 124 | 130 | 102 | 91 | 108 | 123 | 137 |
| Inventory Days | 103 | 81 | 111 | 93 | 97 | 100 | 92 | 71 | 75 | 111 | 115 | 136 |
| Days Payable | 77 | 38 | 75 | 74 | 50 | 52 | 63 | 36 | 28 | 30 | 29 | 35 |
| Cash Conversion Cycle | 117 | 120 | 152 | 120 | 146 | 172 | 159 | 137 | 138 | 189 | 209 | 239 |
| Working Capital Days | 28 | 39 | 69 | 80 | 91 | 124 | 149 | 103 | 115 | 155 | 132 | 161 |
| ROCE % | 30% | 29% | 24% | 24% | 33% | 31% | 29% | 33% | 18% | 17% | 19% | 19% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
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56 extracted metrics + investor summaries across FY15–FY27.
Documents
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Company Information
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]
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