Vidhi Specialty Food Ingredients Ltd
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]
- Market Cap ₹ 2,123 Cr.
- Current Price ₹ 425
- High / Low ₹ 497 / 338
- Stock P/E 58.2
- Book Value ₹ 56.1
- Dividend Yield 0.24 %
- ROCE 17.2 %
- ROE 13.7 %
- Face Value ₹ 1.00
Pros
- Company has reduced debt.
- Company is almost debt free.
Cons
- Stock is trading at 7.63 times its book value
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Sector: Chemicals Industry: Dyes And Pigments
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|
| 225 | 266 | 537 | 404 | 303 | |
| 174 | 213 | 452 | 348 | 246 | |
| Operating Profit | 51 | 53 | 85 | 56 | 57 |
| OPM % | 22% | 20% | 16% | 14% | 19% |
| 1 | 2 | 1 | 1 | 1 | |
| Interest | 3 | 2 | 4 | 4 | 3 |
| Depreciation | 3 | 3 | 3 | 4 | 6 |
| Profit before tax | 45 | 50 | 79 | 50 | 49 |
| Tax % | 25% | 26% | 26% | 24% | 25% |
| 34 | 37 | 59 | 38 | 36 | |
| EPS in Rs | 6.79 | 7.32 | 11.73 | 7.55 | 7.30 |
| Dividend Payout % | 15% | 11% | 3% | 11% | 14% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 4% |
| TTM: | -25% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 0% |
| TTM: | -3% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 55% |
| 5 Years: | 49% |
| 3 Years: | 15% |
| 1 Year: | 11% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 19% |
| Last Year: | 14% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|
| Equity Capital | 5 | 5 | 5 | 5 | 5 |
| Reserves | 124 | 156 | 212 | 246 | 275 |
| 34 | 31 | 90 | 52 | 20 | |
| 24 | 34 | 44 | 29 | 24 | |
| Total Liabilities | 186 | 226 | 352 | 331 | 325 |
| 40 | 38 | 47 | 55 | 133 | |
| CWIP | 6 | 8 | 37 | 68 | 4 |
| Investments | 0 | 0 | 0 | 0 | 0 |
| 141 | 179 | 268 | 207 | 187 | |
| Total Assets | 186 | 226 | 352 | 331 | 325 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|
| 28 | 11 | -21 | 96 | ||
| -12 | -3 | -30 | -41 | ||
| -24 | -8 | 53 | -47 | ||
| Net Cash Flow | -8 | 0 | 1 | 7 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|
| Debtor Days | 124 | 130 | 102 | 91 | 106 |
| Inventory Days | 102 | 93 | 67 | 75 | 108 |
| Days Payable | 53 | 63 | 34 | 28 | 31 |
| Cash Conversion Cycle | 173 | 159 | 135 | 138 | 184 |
| Working Capital Days | 175 | 187 | 152 | 156 | 187 |
| ROCE % | 29% | 33% | 18% | 17% |
Documents
Announcements
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
8 Jul - Compliance certificate under regulation 74(5) of the SEBI (Depository and participants) Regulations,2018 for the quarter ended June 30,2024
- Closure of Trading Window 25 Jun
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
19 Jun - In accordance with Regulation 30 of SEBI (LODR) Regulations, 2015, We wish to inform you that, with reference to our letter dated June 12, 2024 …
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
12 Jun - In accordance with Regulation 30 of SEBI (LODR) Regulations, 2015, We wish to inform you that, the Company had scheduled an Analyst/Investors conference call on …
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Announcement under Regulation 30 (LODR)-Newspaper Publication
12 Jun - Copies of the notice to the shareholders published in the "Business Standard" and "Mumbai LAkshadeep" on June 12,2024.
Annual reports
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
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Financial Year 2009
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Concalls
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Jun 2024Transcript PPT
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Feb 2024TranscriptNotesPPT
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Nov 2023TranscriptNotesPPT
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Aug 2023TranscriptNotesPPT
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Aug 2023TranscriptNotesPPT
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May 2023TranscriptNotesPPT
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Feb 2023TranscriptNotesPPT
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Nov 2022TranscriptNotesPPT
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Aug 2022TranscriptNotesPPT
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May 2022TranscriptNotesPPT
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Feb 2022TranscriptNotesPPT
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Nov 2021TranscriptNotesPPT
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Aug 2021TranscriptNotesPPT
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Jun 2021TranscriptNotesPPT
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Mar 2021TranscriptNotesPPT
Products
The company manufactures Synthetic Water Soluble Colours, Aluminium Lakes, FD&C Colours, FD&C Lakes, D&C Colours, Blends, Co-Blended Lakes & Co-Blended Granules, Natural Colours. Besides food colours the company is also engaged in sourcing and exporting high quality non food dyes as under: Acid Dyes, Textile Dyes,Reactive Dyes, Basic Dyes, Pigments. [1][2]
The Group has ISO and Kosher certifications, and product approvals from customers and majorly caters to export market with 90% of revenue.[3]