VIDHIING

Vidhi Specialty Food Ingredients Limited

Synthetic food, drug and cosmetic colours manufacturer

Commodities›Chemicals›Chemicals & Petrochemicals›Specialty Chemicals

vidhifoodcolors.com(opens the company website in a new tab)
Ask AI

Key metrics

Price as of 2026-10-16

Stock price
₹333.95
Market cap
1,666 Cr
Stock P/E
31.3
P/B
5.09
Dividend yield
1.4%
ROE (FY26)
14.9%
ROCE (FY26)
18.3%
Operating margin (FY26)
18.1%
Debt / equity (FY26)
0.18
OCF / EBITDA (FY26)
54.4%
OCF / EBITDA (3Y)
49.8%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

Loading price history…

Compare with peers

Loading peers…

What you need to know

Vidhi (Vidhi Specialty Food Ingredients) makes synthetic food, drug and cosmetic colours (dyes, lakes and blends) and sells them to food, pharmaceutical and personal-care customers in more than 80 countries.

Company snapshot

39thBy market cap

Ranked among 68 companies in Specialty Chemicals.

What we see

Positives
  • ✓Debt-to-equity of 0.18x — the company is largely funded by its own money, not borrowed funds.
Concerns
  • ✗Only 50% of operating profit came in as cash over the last three years — much of it is tied up in unpaid bills or stock.
2 more signals from the filings.Sign in free to see them all

Statement tables · Consolidated

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales80 Cr63 Cr81 Cr83 Cr91 Cr99 Cr110 Cr88 Cr75 Cr94 Cr123 Cr146 Cr
Operating expenses (approx.)66 Cr49 Cr65 Cr69 Cr76 Cr80 Cr90 Cr67 Cr57 Cr75 Cr102 Cr120 Cr
EBITDA14 Cr14 Cr16 Cr14 Cr15 Cr19 Cr20 Cr21 Cr18 Cr19 Cr21 Cr26 Cr
OPM %17.1%22.8%19.8%17.0%16.6%19.2%18.2%23.4%23.6%20.3%16.8%17.8%
Other income0.24 Cr0.04 Cr0.29 Cr0.15 Cr0.78 Cr0.10 Cr0.56 Cr0.49 Cr0.68 Cr0.23 Cr0.38 Cr0.20 Cr
Interest0.88 Cr0.77 Cr0.41 Cr0.44 Cr0.42 Cr0.55 Cr1 Cr1 Cr1 Cr1 Cr1 Cr1 Cr
Depreciation1 Cr2 Cr2 Cr2 Cr2 Cr2 Cr2 Cr2 Cr2 Cr2 Cr2 Cr2 Cr
Profit before tax12 Cr12 Cr14 Cr12 Cr14 Cr17 Cr18 Cr17 Cr15 Cr16 Cr18 Cr23 Cr
Tax %22.4%26.6%24.8%28.8%23.8%25.1%32.4%25.9%29.0%21.6%26.2%25.6%
Net profit9 Cr9 Cr10 Cr8 Cr10 Cr13 Cr12 Cr13 Cr11 Cr12 Cr13 Cr17 Cr
EPS (₹)₹1.81₹1.73₹2.09₹1.69₹1.81₹2.55₹2.37₹2.54₹2.11₹2.49₹2.63₹3.43

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales225 Cr266 Cr537 Cr404 Cr303 Cr382 Cr380 CrSign in free for the trailing twelve months
Operating expenses (approx.)174 Cr214 Cr452 Cr348 Cr246 Cr314 Cr302 CrSign in free for the trailing twelve months
EBITDA50 Cr52 Cr85 Cr56 Cr57 Cr68 Cr78 CrSign in free for the trailing twelve months
OPM %22.5%19.7%15.8%13.8%18.8%17.9%20.5%Sign in free for the trailing twelve months
Other income0.64 Cr2 Cr1 Cr1 Cr1 Cr2 Cr2 CrSign in free for the trailing twelve months
Interest3 Cr2 Cr4 Cr4 Cr3 Cr2 Cr5 CrSign in free for the trailing twelve months
Depreciation3 Cr3 Cr3 Cr4 Cr6 Cr8 Cr9 CrSign in free for the trailing twelve months
Profit before tax45 Cr50 Cr79 Cr50 Cr49 Cr60 Cr66 CrSign in free for the trailing twelve months
Tax %24.9%26.2%25.8%24.3%25.3%27.7%25.6%Sign in free for the trailing twelve months
Net profit34 Cr37 Cr59 Cr38 Cr36 Cr43 Cr49 CrSign in free for the trailing twelve months
EPS (₹)₹6.76₹7.33₹11.75₹7.55₹7.31₹8.68₹9.80Sign in free for the trailing twelve months
Dividend payout %—11.0%5.1%10.5%19.1%51.8%46.0%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital5 Cr5 Cr5 Cr5 Cr5 Cr5 Cr5 Cr
Reserves124 Cr156 Cr212 Cr246 Cr275 Cr296 Cr323 Cr
Borrowings32 Cr30 Cr90 Cr50 Cr20 Cr66 Cr58 Cr
Other liabilities26 Cr34 Cr45 Cr31 Cr25 Cr29 Cr33 Cr
Total liabilities187 Cr226 Cr352 Cr331 Cr325 Cr396 Cr419 Cr
Fixed assets (net)40 Cr27 Cr36 Cr44 Cr121 Cr126 Cr133 Cr
CWIP6 Cr8 Cr37 Cr68 Cr4 Cr4 Cr4 Cr
Investments0 Cr0 Cr0 Cr0 Cr0 Cr0 Cr0 Cr
Loans & advances0.37 Cr0.81 Cr0.88 Cr0.92 Cr1 Cr1 Cr1 Cr
Inventories34 Cr40 Cr73 Cr61 Cr56 Cr75 Cr81 Cr
Trade receivables77 Cr95 Cr150 Cr101 Cr88 Cr129 Cr143 Cr
Cash & bank7 Cr4 Cr1 Cr7 Cr12 Cr20 Cr12 Cr
Other assets23 Cr51 Cr54 Cr49 Cr42 Cr42 Cr45 Cr
Total assets187 Cr226 Cr352 Cr331 Cr325 Cr396 Cr419 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity33 Cr11 Cr-21 Cr96 Cr63 Cr-5 Cr42 Cr
Cash from investing-12 Cr-3 Cr-40 Cr-42 Cr-19 Cr-7 Cr-15 Cr
Cash from financing-24 Cr-8 Cr53 Cr-47 Cr-40 Cr19 Cr-35 Cr
Net cash flow-4 Cr0.47 Cr-9 Cr6 Cr4 Cr8 Cr-8 Cr
Free cash flow (OCF − Capex)28 Cr8 Cr-62 Cr53 Cr44 Cr-12 Cr26 Cr

Ratios

MetricMar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %29.9%26.7%27.0%17.8%17.3%17.0%18.3%
ROE %26.4%22.7%27.0%15.0%13.0%14.4%14.9%
Debtor days12512910291106122137
Inventory days117143180136121127158
Days payable62989151343241
Cash conversion cycle181174191175193217254
OCF / EBITDA %65.1%21.3%-25.4%172.1%111.3%-6.7%54.4%
OCF / EBITDA % (3 years)——12.0%44.4%69.9%85.4%49.8%
Debt / equity0.250.190.410.200.070.220.18
Current ratio2.592.992.322.864.792.923.30
Net debt / EBITDA0.500.501.050.760.140.670.59