Market Cap ₹2302 Cr.
Stock P/E 66.3
P/B 8.4
Current Price ₹461
Book Value ₹ 55
Face Value 1
52W High ₹496.4
Dividend Yield 0.17%
52W Low ₹ 325.6
Vidhi Speciality Food Ingredients Ltd, formerly known as Vidhi Dyestuffs Manufacturing Ltd, is a food colour production corporation. The Company is engaged in the production and trading of synthetic food colours and chemical compounds. The Company is a producer of dyes and pigments from any source in fundamental form or as concentrate, and different non-specialized wholesale exchange. The Company provides colour solutions in programs for numerous industries, consisting of food and beverage, confectionary, pharma, feeds, cosmetics, confectionary and dairy. It offers merchandise, which includes artificial water soluble colours, such as Tartrazine, Quinioline Yellow, Carmoisine, Erythrosine, Amaranth, Indigo Carmine, Allura Red, Black PN, Chocolate Brown HT and Ponceau 4R; aluminum lakes, along with Lake Tartrazine, Lake Sunset Yellow FCF, Lake Quinoline Yellow, Lake Amaranth, Lake Ponceau 4R, Lake Erythrosine, Lake Allura Red AC, Lake Patent Blue V and Lake Carmmoisine, and natural colours.
Price goes above X
Price falls below X
PE goes above X
PE falls below X
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| #(Fig in Cr.) | Sep 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 128 | 161 | 145 | 121 | 107 | 86 | 89 | 80 | 80 | 63 |
| Other Income | 0 | 0 | 1 | 0 | 0 | 0 | 1 | 1 | 0 | 0 |
| Total Income | 128 | 161 | 146 | 121 | 108 | 86 | 90 | 80 | 80 | 63 |
| Total Expenditure | 106 | 136 | 126 | 105 | 93 | 74 | 77 | 67 | 66 | 49 |
| Operating Profit | 22 | 25 | 20 | 17 | 15 | 13 | 13 | 14 | 14 | 14 |
| Interest | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Depreciation | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax | 20 | 23 | 18 | 15 | 13 | 11 | 11 | 12 | 12 | 12 |
| Provision for Tax | 6 | 6 | 4 | 4 | 3 | 3 | 2 | 3 | 3 | 3 |
| Profit After Tax | 14 | 17 | 14 | 11 | 10 | 8 | 9 | 8 | 9 | 9 |
| Adjustments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -0 | 0 |
| Profit After Adjustments | 14 | 17 | 14 | 11 | 10 | 8 | 9 | 8 | 9 | 9 |
| Adjusted Earnings Per Share | 2.9 | 3.4 | 2.8 | 2.2 | 2 | 1.5 | 1.8 | 1.7 | 1.8 | 1.7 |
| #(Fig in Cr.) | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM |
|---|---|---|---|---|---|
| Net Sales | 225 | 266 | 537 | 404 | 312 |
| Other Income | 1 | 2 | 1 | 1 | 2 |
| Total Income | 225 | 268 | 538 | 405 | 313 |
| Total Expenditure | 174 | 213 | 452 | 348 | 259 |
| Operating Profit | 51 | 55 | 86 | 57 | 55 |
| Interest | 3 | 2 | 4 | 4 | 4 |
| Depreciation | 3 | 3 | 3 | 4 | 5 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax | 45 | 50 | 79 | 50 | 47 |
| Provision for Tax | 11 | 13 | 20 | 12 | 11 |
| Profit After Tax | 34 | 37 | 59 | 38 | 35 |
| Adjustments | 0 | 0 | 0 | 0 | 0 |
| Profit After Adjustments | 34 | 37 | 59 | 38 | 35 |
| Adjusted Earnings Per Share | 6.8 | 7.3 | 11.7 | 7.5 | 7 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | -25% | 22% | 0% | 0% |
| Operating Profit CAGR | -34% | 4% | 0% | 0% |
| PAT CAGR | -36% | 4% | 0% | 0% |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Share Price CAGR | 25% | 32% | 44% | 59% |
| ROE Average | 16% | 24% | 25% | 25% |
| ROCE Average | 18% | 27% | 27% | 27% |
| #(Fig in Cr.) | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 |
|---|---|---|---|---|
| Shareholder's Funds | 129 | 161 | 217 | 251 |
| Minority's Interest | 0 | 0 | 0 | 0 |
| Borrowings | 1 | 2 | 16 | 5 |
| Other Non-Current Liabilities | 3 | 2 | 3 | 3 |
| Total Current Liabilities | 65 | 72 | 116 | 72 |
| Total Liabilities | 197 | 237 | 352 | 331 |
| Fixed Assets | 40 | 38 | 39 | 48 |
| Other Non-Current Assets | 6 | 9 | 45 | 76 |
| Total Current Assets | 151 | 191 | 268 | 207 |
| Total Assets | 197 | 237 | 352 | 331 |
| #(Fig in Cr.) | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 |
|---|---|---|---|---|
| Opening Cash & Cash Equivalents | 18 | 10 | 10 | 1 |
| Cash Flow from Operating Activities | 28 | 11 | -21 | 96 |
| Cash Flow from Investing Activities | -12 | -3 | -40 | -42 |
| Cash Flow from Financing Activities | -24 | -8 | 53 | -47 |
| Net Cash Inflow / Outflow | -8 | 0 | -9 | 6 |
| Closing Cash & Cash Equivalent | 10 | 10 | 1 | 7 |
| # | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 |
|---|---|---|---|---|
| Earnings Per Share (Rs) | 6.79 | 7.32 | 11.73 | 7.55 |
| CEPS(Rs) | 7.39 | 7.91 | 12.35 | 8.26 |
| DPS(Rs) | 1 | 0.8 | 0.8 | 0.8 |
| Book NAV/Share(Rs) | 25.77 | 32.3 | 43.44 | 50.2 |
| Core EBITDA Margin(%) | 22.45 | 20.01 | 15.76 | 13.82 |
| EBIT Margin(%) | 21.45 | 19.51 | 15.44 | 13.25 |
| Pre Tax Margin(%) | 20.11 | 18.6 | 14.7 | 12.33 |
| PAT Margin (%) | 15.1 | 13.72 | 10.91 | 9.33 |
| Cash Profit Margin (%) | 16.43 | 14.82 | 11.49 | 10.21 |
| ROA(%) | 17.19 | 16.82 | 19.88 | 11.04 |
| ROE(%) | 26.35 | 25.21 | 30.96 | 16.12 |
| ROCE(%) | 29.59 | 29.29 | 33.2 | 17.57 |
| Receivable days | 124.13 | 117.11 | 83.15 | 113.34 |
| Inventory Days | 55.53 | 50.76 | 38.26 | 60.17 |
| Payable days | 53.34 | 51.81 | 29.38 | 37.15 |
| PER(x) | 6.66 | 29.08 | 35.64 | 43.22 |
| Price/Book(x) | 1.76 | 6.59 | 9.62 | 6.5 |
| Dividend Yield(%) | 2.21 | 0.38 | 0.19 | 0.25 |
| EV/Net Sales(x) | 1.11 | 4.07 | 4.05 | 4.14 |
| EV/Core EBITDA(x) | 4.89 | 19.73 | 25.3 | 29.32 |
| Net Sales Growth(%) | 0 | 18.61 | 101.59 | -24.78 |
| EBIT Growth(%) | 0 | 7.86 | 59.54 | -35.46 |
| PAT Growth(%) | 0 | 7.78 | 60.2 | -35.63 |
| EPS Growth(%) | 0 | 7.78 | 60.2 | -35.63 |
| Debt/Equity(x) | 0.27 | 0.19 | 0.42 | 0.2 |
| Current Ratio(x) | 2.34 | 2.66 | 2.32 | 2.86 |
| Quick Ratio(x) | 1.81 | 2.1 | 1.69 | 2.03 |
| Interest Cover(x) | 16 | 21.52 | 20.98 | 14.42 |
| Total Debt/Mcap(x) | 0.15 | 0.03 | 0.04 | 0.03 |
| # | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 64.27 | 64.27 | 64.27 | 64.27 | 64.27 | 64.27 | 64.27 | 64.27 | 64.27 | 64.27 |
| FII | 0.22 | 0.37 | 0.34 | 0.2 | 0.08 | 0.09 | 0.08 | 0.07 | 0.07 | 0.08 |
| DII | 0 | 0 | 0.11 | 0 | 0 | 0 | 0.01 | 0 | 0 | 0 |
| Public | 35.51 | 35.36 | 35.27 | 35.52 | 35.65 | 35.64 | 35.64 | 35.66 | 35.65 | 35.65 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
| # | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 3.21 | 3.21 | 3.21 | 3.21 | 3.21 | 3.21 | 3.21 | 3.21 | 3.21 | 3.21 |
| FII | 0.01 | 0.02 | 0.02 | 0.01 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0.01 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 1.77 | 1.77 | 1.76 | 1.77 | 1.78 | 1.78 | 1.78 | 1.78 | 1.78 | 1.78 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 4.99 | 4.99 | 4.99 | 4.99 | 4.99 | 4.99 | 4.99 | 4.99 | 4.99 | 4.99 |
Pros
Cons
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