MarketFriction

Vidhi Specialty Food Ingredients Ltd

NSE VIDHIING · BSE 531717 · Specialty Chemicals
₹350.25 -2.06%
NSE close2026-10-01
52 week range258.60 - 387.85
Market cap₹1,805 Cr.
P/E33.7
Price band 20% Delivery 81.0%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Standalone, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales806378839199110887594123146
Expenses66496269767990675775102120
Operating Profit141416141519202118192126
OPM %17%23%21%17%17%19%18%23%24%20%17%18%
Other Income000010101000
Interest110001121111
Depreciation122222222222
Profit before tax121214121417181715161823
Tax %22%27%25%29%24%25%32%26%29%22%26%26%
Net Profit991181013121311121317
EPS in Rs1.821.712.131.692.082.542.412.552.142.492.663.43
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales185193213228225266537404298382380438
Expenses156164181182174214452348241314302355
Operating Profit292931465153855657697884
OPM %16%15%15%20%22%20%16%14%19%18%21%19%
Other Income110112111222
Interest645332443254
Depreciation222233336799
Profit before tax232424414550795049606672
Tax %35%38%36%29%25%26%26%24%25%28%26%
Net Profit151516293437593837444954
EPS in Rs2.952.933.135.826.827.3511.767.587.338.729.8410.72
Dividend Payout %27%27%26%14%15%11%3%11%27%57%31%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth7%7%-2%13%
Compounded Profit Growth13%6%9%12%
Stock Price CAGR20%0%-5%1%
Return on Equity20%17%15%16%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital555555555555
Reserves4050617296124157212246276297324
Borrowings474962444434319052206658
Other Liabilities391836352523334429242933
Total Liabilities131123164155170186226352332325397420
Fixed Assets173130293131293847125126133
CWIP90000253365000
Investments0000013131313131313
Other Assets10592134126139140179268207187258274
Total Assets131123164155170186226352332325397420
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity1717-933222811-229671-542
Cash from Investing Activity-10-7-1-1-4-17-3-40-42-25-7-16
Cash from Financing Activity-4-75-29-8-19-853-47-4019-35
Net Cash Flow33-5310-80-9668-8
Free Cash Flow710-103118238-625351-1226
CFO/OP83%97%-3%130%73%78%45%-0%193%144%13%75%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days91771161019912413010291108123137
Inventory Days103811119397100927175111115136
Days Payable773875745052633628302935
Cash Conversion Cycle117120152120146172159137138189209239
Working Capital Days2839698091124149103115155132161
ROCE %30%29%24%24%33%31%29%33%18%17%19%19%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters64.28%64.28%64.28%64.28%64.28%64.28%64.28%64.28%64.28%64.28%64.28%64.28%
FIIs0.07%0.07%0.08%0.14%0.11%0.10%0.11%0.12%0.12%0.10%0.12%0.06%
DIIs0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.04%
Public35.66%35.65%35.64%35.60%35.62%35.63%35.62%35.60%35.61%35.62%35.61%35.64%
No. of Shareholders18,43217,81418,80817,11416,89416,64616,30915,76915,52615,15414,69314,557

Fundamentals

Market Cap₹ 1,805 Cr.
Current Price₹ 359
Stock P/E33.7
Book Value₹ 65.9
ROCE18.8 %
ROE15.6 %
Dividend Yield0.83 %
Face Value₹ 1.00
Compounded Sales Growth (TTM)13%
Compounded Profit Growth (TTM)12%
Standalone figures.
Valuation
Market capRs 1,752 Cr
Enterprise valueRs 1,790 Cr
P/E (TTM)32.72x
Price to book5.33x
Price to sales4.00x
EV / EBITDA21.05x
EV / EBIT23.51x
EV / sales4.08x
Price to cash flow41.33x
Earnings yield3.06%
Dividend yield0.86%
P/E, 3-year average47.57x
P/B, 3-year average6.62x
P/E, 5-year average44.26x
P/B, 5-year average7.19x
Profitability
Operating margin (excl. other income)20.54%
Operating margin (incl. other income)21.01%
EBITDA margin19.40%
Pre-tax margin16.39%
Net profit margin12.22%
Net margin, latest quarter11.71%
ROE15.57%
ROCE18.76%
ROA12.04%
ROE, 3-year average14.76%
ROCE, 3-year average18.26%
ROA, 3-year average11.75%
ROE, 5-year average18.28%
ROCE, 5-year average21.11%
ROA, 5-year average13.33%
ROIC (approx.)15.47%
Tax rate25.51%
Other income / net worth0.55%
Growth
Sales growth (latest year)-0.59%
Profit growth (latest year)12.81%
Sales CAGR, 3 years-2.02%
Sales CAGR, 5 years7.36%
Profit CAGR, 3 years9.09%
Profit CAGR, 5 years6.00%
Sales growth QoQ19.24%
Profit growth QoQ28.89%
Sales growth YoY (latest quarter)66.42%
Profit growth YoY (latest quarter)34.67%
Per share
EPS (TTM)Rs 10.70
EPS (latest year)Rs 9.82
EPS (latest quarter)Rs 3.42
EPS, 3-year averageRs 8.62
EPS, 5-year averageRs 9.03
Book value per shareRs 65.76
Sales per shareRs 87.62
Cash flow per shareRs 8.47
Free cash flow per shareRs 5.20
Dividend per share (latest year)Rs 3.00
Dividend per share, 3-year averageRs 3.33
Dividend per share, 5-year averageRs 2.24
Dividends
Dividend payout30.52%
Dividend payout, 3-year average38.40%
Dividend payout, 5-year average25.83%
Efficiency
Asset turnover0.91x
Fixed asset turnover2.86x
Inventory turnover3.12x
Inventory days117 days
Debtor days137 days
Debtors turnover2.66x
Creditor days35 days
Cash conversion cycle239 days
Working capital days161 days
Leverage
Total debtRs 58 Cr
Cash and bankRs 20 Cr
Net debtRs 38 Cr
Debt to equity0.18x
Net debt / EBITDA0.44x
Interest coverage17.75x
Current ratio (filing 2026-03-31)3.31x
Quick ratio (filing 2026-03-31)2.31x
Trade payables (filing 2026-03-31)Rs 21 Cr
Owners' fund to total sources78.39%
Debt to assets13.72%
Cash flow
Cash from Operating Activity (latest year)Rs 42 Cr
Cash from Investing Activity (latest year)Rs -16 Cr
Cash from Financing Activity (latest year)Rs -35 Cr
Net Cash Flow (latest year)Rs -8 Cr
Free cash flow (latest year)Rs 26 Cr
FCFE (approx.: FCF + change in debt)Rs 18 Cr
Cash from ops / profit, 5 years0.80x
Sales to cash flow8.96x
Statement figures
Net sales (TTM)Rs 438 Cr
Net sales (latest year)Rs 380 Cr
Sales (latest quarter)Rs 146 Cr
Operating profit excl. other income (latest year)Rs 78 Cr
Operating profit (latest quarter)Rs 26 Cr
Other income (TTM)Rs 2 Cr
EBITDA (TTM)Rs 85 Cr
PBDT (TTM)Rs 81 Cr
Profit before tax (TTM)Rs 72 Cr
Tax (latest year)Rs 17 Cr
Net profit (TTM)Rs 54 Cr
Net profit (latest year)Rs 49 Cr
Net profit (latest quarter)Rs 17 Cr
Depreciation (TTM)Rs 9 Cr
Depreciation (latest quarter)Rs 2 Cr
Interest (TTM)Rs 4 Cr
Cost of goods sold (latest year)Rs 252 Cr
Total expenditure (latest year)Rs 302 Cr
Total income (latest year)Rs 382 Cr
Share capitalRs 5 Cr
ReservesRs 324 Cr
Shareholders' fundsRs 329 Cr
Total assetsRs 420 Cr
Net blockRs 133 Cr
InvestmentsRs 13 Cr
ReceivablesRs 143 Cr
InventoryRs 81 Cr
Other liabilitiesRs 33 Cr
Shares outstanding (crore)5.00
Ownership
Promoter holding64.28% (+0.00 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 32.7 is at the 53th percentile of its own 9.4-year range (median 32.2, low 7.9, high 72.2).
P/B 5.33 is at the 35th percentile (median 6.72).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodVIDHIINGNifty 50Difference
1 week-0.6%-2.8% +2.2 pts
1 month-1.2%-6.8% +5.6 pts
3 months+22.7%-7.6% +30.3 pts
6 months+27.3%+0.4% +26.9 pts
1 year-4.3%-9.9% +5.6 pts
2 years-21.4%-13.6% -7.9 pts
3 years-16.5%+14.2% -30.6 pts
5 years-10.8%+27.9% -38.7 pts

Red flags

F-score 6 of 8
No red flags in the latest statements and filings.
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Jun 2026
Sales ₹146 Cr +65.9% vs Jun 2025. Net profit ₹17 Cr +30.8%.
Against our estimate for Jun 2026: sales +60.5%, profit +36.2% big beat. Our estimate for Sep 2026: sales Rs 104 Cr, profit Rs 13 Cr (how).

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2025-11-14Interim Dividend - Re 1.50 Per Share
2025-09-17Dividend - Rs 1.50 Per Share
2025-08-01Interim Dividend - Rs 1.50 Per Share
2025-01-24Interim Dividend - Rs 1.50 Per Share
2024-11-19Interim Dividend - Re 1 Per Share
2024-09-17Annual General Meeting/Dividend - Re 1 Per Share
2024-08-21Interim Dividend - Re 1 Per Share
2024-02-16Interim Dividend - Re 0.60 Per Share
2023-11-17Interim Dividend - Re 0.40 Per Share
2023-09-22Annual General Meeting/Dividend - Re 0.40 Per Share
2022-11-17Interim Dividend - Rs 0.40 Per Share
2022-09-22Annual General Meeting/Dividend - Rs 0.40 Per Share
2021-11-17 Interim Dividend - Rs 0.40 Per Share
2021-09-20 Annual General Meeting/Dividend - Rs 0.20 Per Share
2021-02-17 Interim Dividend - Re 0.20 Per Share
2020-11-19 Interim Dividend - Rs 0.20 Per Share
2020-09-21 Annual General Meeting/Dividend - Rs 0.20 Per Share
2020-08-20 Interim Dividend - Rs 0.20 Per Share
2020-02-18 Interim Dividend - Re 0.40 Per Share
2019-11-21 Interim Dividend - Rs 0.20 Per Share
2019-09-13 Annual General Meeting/Dividend - Rs 0.20 Per Sh
2019-08-26 Interim Dividend - Rs 0.20 Per Share
2019-02-21 Interim Dividend - Re 0.20 Per Share
2018-11-16 Interim Dividend - Re 0.20 Per Share
2018-09-19 Annual General Meeting/Dividend Re 0.20 Per Share
2018-08-23 Dividend Rs 0.20 Per Share
2018-02-27 Interim Dividend - Re 0.20 Per Share
2017-12-07 Interim Dividend - Re 0.20 Per Share
2017-10-17 Interim Dividend - Re 0.20 Per Share
2017-09-15 Annual General Meeting/Dividend - Re 0.20 Per Share
2017-02-22 Interim Dividend Re 0.20 Per Share
2016-11-24 Interim Dividend Re 0.20 Per Share
2016-09-15 Annual General Meeting/Final Dividend - Re 0.20 Per Share (Purpose Revised)
2016-09-01 Interim Dividend - Re 0.20 Per Share
DateTypeWhat it says
2026-09-26Shareholder meetingVoting results.
2026-09-24Shareholder meetingProceedings of Annual General Meeting held on September 24, 2026
2026-09-01General UpdatesGeneral Updates
2026-08-31Shareholder meetingNotice of Annual General Meeting to be held on September 24, 2026
2026-08-11AppointmentAppointment of Chetan P Bavishi as Independent Director of the company w.e.f. August 11, 2026.
2026-08-11Board meeting outcomeOutcome of Board Meeting held on August 11, 2026.
2026-07-29Investor PresentationInvestor Presentation
2026-07-29UpdatesOutcome of Board Meeting .
2026-07-29Board meeting outcomeVidhi Specialty Food Ingredients Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-06-19Reply to Clarification- FinaThe Exchange had sought clarification from Vidhi Specialty Food Ingredients Limited for the quarter ended 31-Mar-2026 with respect to Regulation 33 of...
2026-06-15Disclosure under SEBI TakeovPravina Manek Family Private Trust has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of I...
2026-06-15Disclosure under SEBI TakeovBipin M. Manek has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial Ac...
2026-06-15Disclosure under SEBI TakeovBipin Manek Family Private Trust has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of Ind...
2026-06-15Disclosure under SEBI TakeovManek Family Private Trust has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Su...
2026-06-15Disclosure under SEBI TakeovPravina Manek Family Private Trust has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of I...
2026-06-15Disclosure under SEBI TakeovPravina B. Manek has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial ...
2026-06-15Disclosure under SEBI TakeovPravina Manek Family Private Trust has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of I...
2026-05-25Clarification - Financial ReThe Exchange has sought clarification from Vidhi Specialty Food Ingredients Limited for the quarter ended 31-Mar-2026 with respect to Regulation 33 of...
2026-05-19Concall / analyst meetTranscript
2026-05-14Concall / analyst meetLink of Recording
2026-05-14Investor PresentationInvestor Presentation
2026-05-14Board meeting outcomeVidhi Specialty Food Ingredients Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
2026-05-11Concall / analyst meetSchedule of meet
2026-02-03Investor PresentationInvestor Presentation
2026-02-02Board meeting outcomeVidhi Specialty Food Ingredients Limited has submitted to the Exchange, the financial results for the period ended December 31, 2025.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.

Quick answers

What is the market cap of Vidhi Specialty Food Ingredients Ltd?

Vidhi Specialty Food Ingredients Ltd (VIDHIING) has a market capitalisation of Rs 1,805 Cr. at the 2026-10-01 close.

What is the P/E ratio of Vidhi Specialty Food Ingredients Ltd?

Vidhi Specialty Food Ingredients Ltd trades at a P/E of 33.7 on trailing twelve-month profit, at the 2026-10-01 close.

What were Vidhi Specialty Food Ingredients Ltd's latest quarterly results?

In the Jun 2026 quarter, Vidhi Specialty Food Ingredients Ltd sales was Rs 146 Cr (+65.9% vs Jun 2025) and net profit was Rs 17 Cr.

What is the 52-week high and low of Vidhi Specialty Food Ingredients Ltd?

The 52-week high is Rs 387.85 and the 52-week low is Rs 258.60.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03