Skip to main content
Swing Capital

Vidhi Specialty Food Ingredients Ltd

NSE: VIDHIING BSE: 531717FMCG

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]

₹290
52W: ₹259 — ₹482
PE 29.5 · Book ₹65.9 · +340% vs book
Market Cap₹1,448 Cr
Stock P/E29.5Price to Earnings
ROCE18.8%Return on Capital
ROE15.6%Return on Equity
Div. Yield1.72%Face Value ₹1

Weaknesses

  • −The company has delivered a poor sales growth of 7.36% over past five years.

Shareholding Pattern

Promoters64.28%
FIIs0.12%
DIIs0%
Public35.61%
CategoryJun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters64.28%64.28%64.28%64.28%64.28%64.28%64.28%64.28%
FIIs0.14%0.11%▼0.00.1%▼0.00.11%▲0.00.12%▲0.00.12%0.1%▼0.00.12%▲0.0
DIIs0%0%0%0%0%0%0%0%
Public35.6%35.62%▲0.035.63%▲0.035.62%▼0.035.6%▼0.035.61%▲0.035.62%▲0.035.61%▼0.0

Financial Statements

MetricDec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales6378839199110887594123
Expenses496269767990675775102
Operating Profit14161415192021181921
OPM %23%21%17%17%19%18%23%24%20%17%
Net Profit911810131213111213
EPS ₹1.712.131.692.082.542.412.552.142.492.66

AI Insights

Revenue Trend

Mar 2026 revenue at ₹380Cr, down 0.5% YoY. OPM at 21%.

Debt Position

Borrowings at ₹58Cr. Debt-to-equity ratio: 0.18x. Healthy balance sheet.

Institutional Flow

DIIs: 0% (-0.01pp change). FIIs: 0.12% (+0.04pp change). Promoters hold 64.28%.

Margin & Efficiency

ROCE declining from 30% (Mar 2015) to 19% (Mar 2026). Working capital days: 161.

Valuation

PE 29.5x with 18.8% ROCE. Price is 340% above book value of ₹65.9. Dividend yield: 1.72%.

Recent Announcements