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Last Updated on: 14 November, 2024
Author: Getaka|Social: Getaka Financial Services X (Earlier Twitter) Profile Getaka Financial Services LinkedIn Logo
Stock Ticker - BSE: 531717 | NSE: VIDHIING

Vidhi Specialty Food Ingredients Ltd: Intrinsic Value and Fundamental Analysis

Share Price and Basic Stock Data

Last Updated: November 9, 2024, 10:43 pm

Market Cap 2,399 Cr.
Current Price 480
High / Low530/382
Stock P/E65.4
Book Value 56.3
Dividend Yield0.42 %
ROCE17.3 %
ROE13.8 %
Face Value 1.00
PEG Ratio0.00

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

View Share Price Target for Vidhi Specialty Food Ingredients Ltd

Competitors of Vidhi Specialty Food Ingredients Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Dynamic Industries Ltd 32.3 Cr. 107124/58.134.0 1570.47 %0.04 %0.49 % 10.0
Daikaffil Chemicals India Ltd 144 Cr. 241261/58.2 16.10.00 %17.3 %17.4 % 10.0
Amal Ltd 538 Cr. 435489/29662.4 61.40.00 %6.58 %2.42 % 10.0
Vidhi Specialty Food Ingredients Ltd 2,399 Cr. 480530/38265.4 56.30.42 %17.3 %13.8 % 1.00
Ushanti Colour Chem Ltd 64.0 Cr. 57.075.4/49.8 39.60.00 %0.21 %5.88 % 10.0
Industry Average1,328.08 Cr346.3366.65166.070.22%8.67%7.38%8.13

All Competitor Stocks of Vidhi Specialty Food Ingredients Ltd

Quarterly Result

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Sales98103128161145121107868980806381
Expenses818510613612610593747767664965
Operating Profit17192125191615131213141416
OPM %17%18%17%16%13%13%14%15%14%16%17%23%20%
Other Income1000100011000
Interest0012111111110
Depreciation1111111111122
Profit before tax16182023181513111112121214
Tax %26%25%28%26%24%26%21%30%20%27%22%27%25%
Net Profit121314171411108989911
EPS in Rs2.402.692.903.412.772.202.061.541.771.681.821.712.13

Last Updated: Unknown

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: September 23, 2024, 3:16 pm

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024TTM
Sales120143189185193213228225266537404303307
Expenses108127162156164181182174214452348246249
Operating Profit12162729293146515385565758
OPM %10%11%14%16%15%15%20%22%20%16%14%19%19%
Other Income0001101121111
Interest5566453324432
Depreciation2222222333367
Profit before tax691923242441455079504949
Tax %35%34%36%35%38%36%29%25%26%26%24%25%
Net Profit461215151629343759383737
EPS in Rs0.831.202.492.952.933.135.826.827.3511.767.587.337.35
Dividend Payout %24%34%20%27%27%26%14%15%11%3%11%27%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-2024
YoY Net Profit Growth (%)50.00%100.00%25.00%0.00%6.67%81.25%17.24%8.82%59.46%-35.59%-2.63%
Change in YoY Net Profit Growth (%)0.00%50.00%-75.00%-25.00%6.67%74.58%-64.01%-8.42%50.64%-95.05%32.96%

Vidhi Specialty Food Ingredients Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2013-2014 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:8%
5 Years:6%
3 Years:4%
TTM:-5%
Compounded Profit Growth
10 Years:20%
5 Years:5%
3 Years:0%
TTM:12%
Stock Price CAGR
10 Years:44%
5 Years:50%
3 Years:14%
1 Year:13%
Return on Equity
10 Years:23%
5 Years:21%
3 Years:19%
Last Year:14%

Last Updated: Unknown

Balance Sheet

Last Updated: Unknown

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Equity Capital555555555555
Reserves27314050617296124157212246276
Borrowings434447496244443431905220
Other Liabilities182139183635252333442924
Total Liabilities93100131123164155170186226352332325
Fixed Assets1918173130293131293847125
CWIP00900002533650
Investments00000001313131313
Other Assets738210592134126139140179268207187
Total Assets93100131123164155170186226352332325

Reserves and Borrowings Chart

Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity +471717-933222811-229663
Cash from Investing Activity +-4-1-10-7-1-1-4-17-3-40-42-19
Cash from Financing Activity +-1-7-4-75-29-8-19-853-47-40
Net Cash Flow-1-033-5310-80-964

Free Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Free Cash Flow-31.00-28.00-20.00-20.00-33.00-13.002.0017.0022.00-5.004.0037.00

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 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days11211191771161019912413010291106
Inventory Days8592103811119397102926775108
Days Payable605977387574505363342830
Cash Conversion Cycle138144117120152120146173159135138184
Working Capital Days153146114123179145154175187153156187
ROCE %16%19%30%29%24%24%33%31%29%33%18%17%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthDec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
Promoters64.27%64.27%64.27%64.28%64.28%64.28%64.28%64.28%64.28%64.28%64.28%64.28%
FIIs0.22%0.37%0.34%0.20%0.08%0.09%0.08%0.07%0.07%0.08%0.14%0.11%
DIIs0.00%0.00%0.11%0.00%0.00%0.00%0.01%0.00%0.00%0.00%0.00%0.00%
Public35.51%35.36%35.27%35.51%35.63%35.63%35.64%35.66%35.65%35.64%35.60%35.62%
No. of Shareholders21,65220,62621,12821,97221,34120,50819,92918,43217,81418,80817,11416,894

Shareholding Pattern Chart

No. of Shareholders

This stock is not held by any mutual fund

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue1.001.001.001.001.00
Basic EPS (Rs.)7.317.5511.737.336.79
Diluted EPS (Rs.)7.317.5511.737.336.79
Cash EPS (Rs.)8.538.2412.337.897.38
Book Value[Excl.RevalReserv]/Share (Rs.)56.0250.1343.3832.2525.73
Book Value[Incl.RevalReserv]/Share (Rs.)56.0250.1343.3832.2525.73
Revenue From Operations / Share (Rs.)60.6680.77107.3753.2644.91
PBDIT / Share (Rs.)11.6411.3817.1910.8110.21
PBIT / Share (Rs.)10.3910.6816.5710.239.62
PBT / Share (Rs.)9.769.9615.799.919.03
Net Profit / Share (Rs.)7.297.5411.717.316.78
NP After MI And SOA / Share (Rs.)7.297.5411.717.316.78
PBDIT Margin (%)19.1814.0916.0120.2922.74
PBIT Margin (%)17.1313.2215.4319.2021.41
PBT Margin (%)16.0812.3214.7018.6020.11
Net Profit Margin (%)12.019.3310.9013.7215.10
NP After MI And SOA Margin (%)12.019.3310.9013.7215.10
Return on Networth / Equity (%)13.0015.0326.9922.6626.35
Return on Capital Employeed (%)18.2020.6435.0830.8936.27
Return On Assets (%)11.2311.3816.6516.2018.20
Long Term Debt / Equity (X)0.000.010.070.010.01
Total Debt / Equity (X)0.070.190.070.180.25
Asset Turnover Ratio (%)0.921.181.861.290.00
Current Ratio (X)4.792.862.322.992.61
Quick Ratio (X)3.352.031.692.321.97
Inventory Turnover Ratio (X)2.912.442.382.740.00
Dividend Payout Ratio (NP) (%)0.0010.595.1110.9214.72
Dividend Payout Ratio (CP) (%)0.009.694.8510.1113.53
Earning Retention Ratio (%)0.0089.4194.8989.0885.28
Cash Earning Retention Ratio (%)0.0090.3195.1589.8986.47
Interest Coverage Ratio (X)18.2815.6421.9933.8417.39
Interest Coverage Ratio (Post Tax) (X)12.4511.3615.9723.8712.55
Enterprise Value (Cr.)2279.941673.792104.861084.11248.53
EV / Net Operating Revenue (X)7.514.143.924.071.11
EV / EBITDA (X)39.1729.3924.4820.054.86
MarketCap / Net Operating Revenue (X)7.494.043.894.001.01
Retention Ratios (%)0.0089.4094.8889.0785.27
Price / BV (X)8.116.519.636.601.76
Price / Net Operating Revenue (X)7.494.043.894.001.01
EarningsYield0.010.020.020.030.14

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Vidhi Specialty Food Ingredients Ltd as of November 14, 2024 is: 510.25

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of November 14, 2024, Vidhi Specialty Food Ingredients Ltd is Undervalued by 6.30% compared to the current share price 480.00

Intrinsic Value of Vidhi Specialty Food Ingredients Ltd as of November 14, 2024 is: 510.25

Calculation basis:

  • Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of November 14, 2024, Vidhi Specialty Food Ingredients Ltd is Undervalued by 6.30% compared to the current share price 480.00

Last 5 Year EPS CAGR: 0.00%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The stock has a high average ROCE of 25.25%, which is a positive sign.
  2. The company has higher reserves (116.00 cr) compared to borrowings (46.67 cr), indicating strong financial stability.
  3. The company has shown consistent growth in sales (254.85 cr) and profit (36.00 cr) over the years.
  1. The stock has a high average Working Capital Days of 156.00, which may not be favorable.
  2. The stock has a high average Cash Conversion Cycle of 143.83, which may not be favorable.

Stock Analysis

  • Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Vidhi Specialty Food Ingredients Ltd:
    1. Net Profit Margin: 12.01%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: 18.2% (Industry Average ROCE: 8.67%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. ROE%: 13% (Industry Average ROE: 7.38%)
      • ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
    4. Interest Coverage Ratio (Post Tax): 12.45
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    5. Quick Ratio: 3.35
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    6. Stock P/E: 65.4 (Industry average Stock P/E: 66.65)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    7. Total Debt / Equity: 0.07
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
    Stock Rating:

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 basic chemicals, fertilizer and nitrogen compounds, plastics and synthetic rubber in primary forms. Company’s Total Operating Revenue is Rs. 537.05 Cr. and Equity Capital is Rs. 5.00 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Dyes & PigmentsE/27, Commerce Centre, Mumbai Maharashtra 400034manek@vidhifoodcolors.com
https://vidhifoodcolors.com
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 latest intrinsic value of Vidhi Specialty Food Ingredients Ltd?

The latest intrinsic value of Vidhi Specialty Food Ingredients Ltd as on 14 November 2024 is ₹510.25, which is 6.30% higher than the current market price of ₹480.00.

What is the Market Cap of Vidhi Specialty Food Ingredients Ltd?

The Market Cap of Vidhi Specialty Food Ingredients Ltd is 2,399 Cr..

What is the current Stock Price of Vidhi Specialty Food Ingredients Ltd as on 14 November 2024?

The current stock price of Vidhi Specialty Food Ingredients Ltd as on 14 November 2024 is ₹480.

What is the High / Low of Vidhi Specialty Food Ingredients Ltd stocks in FY 2024?

In FY 2024, the High / Low of Vidhi Specialty Food Ingredients Ltd stocks is 530/382.

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

The Stock P/E of Vidhi Specialty Food Ingredients Ltd is 65.4.

What is the Book Value of Vidhi Specialty Food Ingredients Ltd?

The Book Value of Vidhi Specialty Food Ingredients Ltd is 56.3.

What is the Dividend Yield of Vidhi Specialty Food Ingredients Ltd?

The Dividend Yield of Vidhi Specialty Food Ingredients Ltd is 0.42 %.

What is the ROCE of Vidhi Specialty Food Ingredients Ltd?

The ROCE of Vidhi Specialty Food Ingredients Ltd is 17.3 %.

What is the ROE of Vidhi Specialty Food Ingredients Ltd?

The ROE of Vidhi Specialty Food Ingredients Ltd is 13.8 %.

What is the Face Value of Vidhi Specialty Food Ingredients Ltd?

The Face Value of Vidhi Specialty Food Ingredients Ltd is 1.00.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

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