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Last Updated: April 2, 2026, 3:54 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 531717 | NSE: VIDHIING

Vidhi Specialty Food Ingredients Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹234.46Overvalued by 21.32%vs CMP ₹298.00

P/E (31.1) × ROE (14.9%) × BV (₹62.20) × DY (1.68%)

₹133.44Overvalued by 55.22%vs CMP ₹298.00
MoS: -123.3% (Negative)Confidence: 68/100 (Moderate)Models: All 9: Overvalued
ModelCategoryValueWeightSignal
PE-ROEEarnings₹225.0822%Over (-24.5%)
Graham NumberEarnings₹115.8516%Over (-61.1%)
Earnings PowerEarnings₹52.7613%Over (-82.3%)
DCFCash Flow₹84.8113%Over (-71.5%)
Net Asset ValueAssets₹62.247%Over (-79.1%)
EV/EBITDAEnterprise₹170.519%Over (-42.8%)
Earnings YieldEarnings₹95.907%Over (-67.8%)
ROCE CapitalReturns₹191.139%Over (-35.9%)
Revenue MultipleRevenue₹114.685%Over (-61.5%)
Consensus (9 models)₹133.44100%Overvalued
Key Drivers: Wide model spread (₹53–₹225) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: -4.0%

*Investments are subject to market risks

Investment Snapshot

67
Vidhi Specialty Food Ingredients Ltd scores 67/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health81/100 · Strong
ROCE 18.7% GoodROE 14.9% GoodD/E 0.18 Low debtInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money50/100 · Moderate
FII holding stable No changePromoter holding at 64.3% Stable
Earnings Quality55/100 · Moderate
OPM expanding (15% → 19%) ImprovingWorking capital: 132 days Capital intensive
Quarterly Momentum58/100 · Moderate
Revenue (4Q): 5% YoY FlatProfit (4Q): +14% YoY Positive
Industry Rank80/100 · Strong
P/E 31.1 vs industry 166.4 Cheaper than peersROCE 18.7% vs industry 10.9% Above peersROE 14.9% vs industry 9.0% Above peers3Y sales CAGR: -11% Shrinking

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 3:54 am

Market Cap 1,489 Cr.
Current Price 298
Intrinsic Value₹133.44
High / Low 482/259
Stock P/E31.1
Book Value 62.2
Dividend Yield1.68 %
ROCE18.7 %
ROE14.9 %
Face Value 1.00
PEG Ratio-7.78

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Vidhi Specialty Food Ingredients Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Vidhi Specialty Food Ingredients Ltd 1,489 Cr. 298 482/25931.1 62.21.68 %18.7 %14.9 % 1.00
Heubach Colorants India Ltd 951 Cr. 412 621/40013.8 2410.00 %15.2 %11.6 % 10.0
Kiri Industries Ltd 2,191 Cr. 365 779/334 5460.00 %10.5 %8.56 % 10.0
Bodal Chemicals Ltd 688 Cr. 54.6 81.5/41.222.7 89.10.00 %5.51 %2.51 % 2.00
Bhageria Industries Ltd 609 Cr. 140 246/12811.6 1321.07 %8.66 %6.68 % 5.00
Industry Average1,057.00 Cr238.70166.44186.930.49%10.89%9.02%8.13

All Competitor Stocks of Vidhi Specialty Food Ingredients Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 868980806378839199110887594
Expenses 74776766496269767990675775
Operating Profit 13121314141614151920211819
OPM % 15%14%16%17%23%21%17%17%19%18%23%24%20%
Other Income 0110000101010
Interest 1111100011211
Depreciation 1111222222222
Profit before tax 11111212121412141718171516
Tax % 30%20%27%22%27%25%29%24%25%32%26%29%22%
Net Profit 89899118101312131112
EPS in Rs 1.541.771.681.821.712.131.692.082.542.412.552.142.49

Last Updated: February 3, 2026, 3:46 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 26, 2026, 9:46 am

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 143189185193213228225266537404298382367
Expenses 127162156164181182174214452348241314289
Operating Profit 16272929314651538556576977
OPM % 11%14%16%15%15%20%22%20%16%14%19%18%21%
Other Income 0011011211122
Interest 5664533244325
Depreciation 2222223333679
Profit before tax 9192324244145507950496066
Tax % 34%36%35%38%36%29%25%26%26%24%25%28%
Net Profit 6121515162934375938374448
EPS in Rs 1.202.492.952.933.135.826.827.3511.767.587.338.729.59
Dividend Payout % 34%20%27%27%26%14%15%11%3%11%27%40%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)100.00%25.00%0.00%6.67%81.25%17.24%8.82%59.46%-35.59%-2.63%18.92%
Change in YoY Net Profit Growth (%)0.00%-75.00%-25.00%6.67%74.58%-64.01%-8.42%50.64%-95.05%32.96%21.55%

Vidhi Specialty Food Ingredients Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:7%
5 Years:11%
3 Years:-11%
TTM:27%
Compounded Profit Growth
10 Years:13%
5 Years:5%
3 Years:-9%
TTM:30%
Stock Price CAGR
10 Years:23%
5 Years:35%
3 Years:1%
1 Year:-14%
Return on Equity
10 Years:21%
5 Years:19%
3 Years:15%
Last Year:15%

Last Updated: September 5, 2025, 1:51 pm

Balance Sheet

Last Updated: December 4, 2025, 2:12 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 5555555555555
Reserves 314050617296124157212246276297306
Borrowings 44474962444434319052206660
Other Liabilities 21391836352523334429242943
Total Liabilities 100131123164155170186226352332325397414
Fixed Assets 18173130293131293847125126135
CWIP 090000253365000
Investments 00000013131313131313
Other Assets 8210592134126139140179268207187258266
Total Assets 100131123164155170186226352332325397414

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 71717-933222811-229663-5
Cash from Investing Activity + -1-10-7-1-1-4-17-3-40-42-19-7
Cash from Financing Activity + -7-4-75-29-8-19-853-47-4019
Net Cash Flow -033-5310-80-9648
Free Cash Flow 6710-103118238-625344-12
CFO/OP 63%83%97%-3%130%73%78%45%-0%193%130%13%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-28.00-20.00-20.00-33.00-13.002.0017.0022.00-5.004.0037.003.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 11191771161019912413010291108123
Inventory Days 92103811119397102926775111115
Days Payable 597738757450536334283029
Cash Conversion Cycle 144117120152120146173159135138189209
Working Capital Days 432839698091124149103115155132
ROCE %19%30%29%24%24%33%31%29%33%18%17%19%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 64.28%64.28%64.28%64.28%64.28%64.28%64.28%64.28%64.28%64.28%64.28%64.28%
FIIs 0.09%0.08%0.07%0.07%0.08%0.14%0.11%0.10%0.11%0.12%0.12%0.10%
DIIs 0.00%0.01%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Public 35.63%35.64%35.66%35.65%35.64%35.60%35.62%35.63%35.62%35.60%35.61%35.62%
No. of Shareholders 20,50819,92918,43217,81418,80817,11416,89416,64616,30915,76915,52615,154

Shareholding Pattern Chart

No. of Shareholders

Vidhi Specialty Food Ingredients Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

This stock is not held by any mutual fund.

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 1.001.001.001.001.00
Basic EPS (Rs.) 8.687.317.5511.737.33
Diluted EPS (Rs.) 8.687.317.5511.737.33
Cash EPS (Rs.) 10.198.538.2412.337.89
Book Value[Excl.RevalReserv]/Share (Rs.) 60.1956.0250.1343.3832.25
Book Value[Incl.RevalReserv]/Share (Rs.) 60.1956.0250.1343.3832.25
Revenue From Operations / Share (Rs.) 76.4360.6680.77107.3753.26
PBDIT / Share (Rs.) 14.0111.6411.3817.1910.81
PBIT / Share (Rs.) 12.4910.3910.6816.5710.23
PBT / Share (Rs.) 11.999.769.9615.799.91
Net Profit / Share (Rs.) 8.687.297.5411.717.31
NP After MI And SOA / Share (Rs.) 8.687.297.5411.717.31
PBDIT Margin (%) 18.3219.1814.0916.0120.29
PBIT Margin (%) 16.3317.1313.2215.4319.20
PBT Margin (%) 15.6916.0812.3214.7018.60
Net Profit Margin (%) 11.3512.019.3310.9013.72
NP After MI And SOA Margin (%) 11.3512.019.3310.9013.72
Return on Networth / Equity (%) 14.4113.0015.0326.9922.66
Return on Capital Employeed (%) 20.1718.2020.6435.0830.89
Return On Assets (%) 10.9511.2311.3816.6516.20
Long Term Debt / Equity (X) 0.000.000.010.070.01
Total Debt / Equity (X) 0.210.070.190.070.18
Asset Turnover Ratio (%) 1.060.921.181.861.29
Current Ratio (X) 2.924.792.862.322.99
Quick Ratio (X) 2.053.352.031.692.32
Inventory Turnover Ratio (X) 5.832.912.442.382.74
Dividend Payout Ratio (NP) (%) 51.7919.1810.595.1110.92
Dividend Payout Ratio (CP) (%) 44.0716.389.694.8510.11
Earning Retention Ratio (%) 48.2180.8289.4194.8989.08
Cash Earning Retention Ratio (%) 55.9383.6290.3195.1589.89
Interest Coverage Ratio (X) 28.2518.2815.6421.9933.84
Interest Coverage Ratio (Post Tax) (X) 18.5012.4511.3615.9723.87
Enterprise Value (Cr.) 2312.582279.941673.792104.861084.11
EV / Net Operating Revenue (X) 6.057.514.143.924.07
EV / EBITDA (X) 33.0139.1729.3924.4820.05
MarketCap / Net Operating Revenue (X) 5.957.494.043.894.00
Retention Ratios (%) 48.2080.8189.4094.8889.07
Price / BV (X) 7.568.116.519.636.60
Price / Net Operating Revenue (X) 5.957.494.043.894.00
EarningsYield 0.010.010.020.020.03

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Vidhi Specialty Food Ingredients Ltd. is a Public Limited Listed company incorporated on 19/01/1994 and has its registered office in the State of Maharashtra, India. Company's Corporate Identification Number(CIN) is L24110MH1994PLC076156 and registration number is 076156. Currently Company is involved in the business activities of Manufacture of dyes and pigments from any source in basic form or as concentrate. Company's Total Operating Revenue is Rs. 382.30 Cr. and Equity Capital is Rs. 5.00 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Dyes & PigmentsE/27, Commerce Centre, Mumbai Maharashtra 400034Contact not found
Management
NamePosition Held
Mr. Bipin M ManekChairman & Managing Director
Mr. Mihir B ManekExe.Jt.Mng.Director
Ms. Vidhi H ParekhWhole Time Director
Mrs. Pravina B ManekNon Executive Woman Director
Mr. Prafulchandra A ShahInd. Non-Executive Director
Mrs. Jyoti S ModiInd. Non-Executive Director
Mr. Nirenbhai D DesaiInd. Non-Executive Director
Mr. Rahul C BerdeInd. Non-Executive Director
Mr. Ashit Kantilal DoshiInd. Non-Executive Director
Mrs. Pranali P GovekarInd. Non-Executive Director
Mr. Anil UdeshiInd. Non-Executive Director

FAQ

What is the intrinsic value of Vidhi Specialty Food Ingredients Ltd and is it undervalued?

As of 12 April 2026, Vidhi Specialty Food Ingredients Ltd's intrinsic value is ₹133.44, which is 55.22% lower than the current market price of ₹298.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (14.9 %), book value (₹62.2), dividend yield (1.68 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Vidhi Specialty Food Ingredients Ltd?

Vidhi Specialty Food Ingredients Ltd is trading at ₹298.00 as of 12 April 2026, with a FY2026-2027 high of ₹482 and low of ₹259. The stock is currently near its 52-week low. Market cap stands at ₹1,489 Cr..

How does Vidhi Specialty Food Ingredients Ltd's P/E ratio compare to its industry?

Vidhi Specialty Food Ingredients Ltd has a P/E ratio of 31.1, which is below the industry average of 166.44. Trading at a steep discount to peers could signal a value opportunity or reflect concerns about the company's fundamentals.

Is Vidhi Specialty Food Ingredients Ltd financially healthy?

Key indicators for Vidhi Specialty Food Ingredients Ltd: ROCE of 18.7 % indicates efficient capital utilization. Dividend yield is 1.68 %.

Is Vidhi Specialty Food Ingredients Ltd profitable and how is the profit trend?

Vidhi Specialty Food Ingredients Ltd reported a net profit of ₹44 Cr in Mar 2025 on revenue of ₹382 Cr. Compared to ₹59 Cr in Mar 2022, the net profit shows a declining trend.

Does Vidhi Specialty Food Ingredients Ltd pay dividends?

Vidhi Specialty Food Ingredients Ltd has a dividend yield of 1.68 % at the current price of ₹298.00. The company pays dividends, though the yield is modest.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Vidhi Specialty Food Ingredients Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
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