Vidhi Specialty Food Ingredients
- Market cap
- ₹ 1,589 Cr.
- P/E
- 25x
- P/B
- 5.11x
- 52-week range
- 258.6 – 387.85
- ROE
- 16%
- ROCE
- 19%
- Dividend yield
- 0.5%
- Debt / equity
- 0.18
- Sector
- Chemicals & Petrochemicals
- Industry
- Specialty Chemicals
- Listed on
- NSE, BSE
About
Vidhi Specialty Food Ingredients Limited is an India-based company that is engaged in the manufacturing and trading of food colors and chemicals. The Company is engaged in the manufacturing of superior synthetics, including synthetic water-soluble colors, aluminum lakes, food, drugs and cosmetics (FD&C) colors, FD&C lakes, D&C colors, Blends, co-blended lakes & co-blended granules. Its business is manufacturing food colors as an ingredient for foodstuffs, pharmaceuticals, confectionery, pet foods, healthcare, dairy, soft drinks, cosmetic industries, and the trading of food colors and trading in chemicals. Its colors are being distributed and consumed in over 80 countries across six continents. The manufacturing facilities of the Company are spread over an area of 1,76,000 square feet located in Dhatav, Maharashtra. The Company's subsidiary is Arjun Food Colorants Manufacturing Private Limited.
Quick check
The five things to look at first. Open one for more.
Compared with its industry
Specialty Chemicals: 130 companies →Vidhi Specialty Food Ingredients against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.
- Valuation (P/E)25 against a typical 25.8: cheaper than most peers (1st = cheapest).59th of 129
- Sales growth+65.9% against a typical +25.9% from a year earlier.15th of 112
- Profit growth+30.8% against a typical +42.4% from a year earlier.63rd of 102
- Share price, 3 months+1.5% against a typical −5.8%.44th of 118
- Size₹ 1,589.4 Cr. market value against a typical ₹ 359.6 Cr. (1st = largest).37th of 126
Latest announcements
Exchange filings and their impact on the company.
- Q2 revenue up 77% and profit up 67% YoY puts FY27 on track for ~45-50% growth with margin dilution from trading mix.
Vidhi Specialty Food Ingredients reported Q2 FY27 consolidated revenue of Rs 136.5 crore, up about 77% from Rs 77 crore last year, and net profit of Rs 17.6 crore, up about 67%. For H1, revenue was Rs 282.8 crore and net profit Rs 34.7 crore, already 74% and 71% of last full year's totals. The board also noted the resignation of independent director Ashit K. Doshi for personal reasons effective October 26, 2026.
Credit ratings
Every rating action on file, newest first, including reaffirmations. Open a row for the agency's reasoning. All credit rating updates
Adequate safety
Rated A- by CRISIL- No warnings from the agency.
| Agency | Current rating | Outlook | As of |
|---|---|---|---|
| CRISIL | Crisil A- | Stable | 7 Jan 2026 |
| Rating | Details | |||||
|---|---|---|---|---|---|---|
| 7 Jan 2026 | Reaffirmed | Crisil A- | — | CRISIL | ₹ 116.72 Cr. |
Board meetings
Results dates and other board meetings. Full calendar
| Details | ||
|---|---|---|
| 26 Oct 2026 | Financial Results | To consider and approve the financial results for the period ended September 30, 2026 |
| 29 Jul 2026 | Financial Results | To consider and approve the financial results for the period ended Jun 30, 2026 |
| 14 May 2026 | Financial Results | To consider and approve the financial results for the period ended March 31, 2026 |
| 2 Feb 2026 | Financial Results/Dividend | To consider and approve the financial results for the period ended December 31, 2025 and dividend |
| 10 Nov 2025 | Financial Results/Dividend | To consider and approve the financial results for the period ended September 30, 2025 and dividend |
| 28 Jul 2025 | Financial Results/Dividend | To consider and approve the financial results for the period ended Jun 30, 2025 and dividend |
Financials
Consolidated figures in ₹ crore.
| ₹ Cr. | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 80 | 63 | 78 | 83 | 91 | 99 | 110 | 88 | 75 | 94 | 123 | 146 |
| Expenses | 66 | 49 | 62 | 69 | 76 | 79 | 90 | 67 | 57 | 75 | 102 | 120 |
| Operating Profit | 14 | 14 | 16 | 14 | 15 | 19 | 20 | 21 | 18 | 19 | 21 | 26 |
| OPM % | 17% | 23% | 21% | 17% | 17% | 19% | 18% | 23% | 24% | 20% | 17% | 18% |
| Other Income | 0 | 0 | 0 | 0 | 1 | 0 | 1 | 0 | 1 | 0 | 0 | 0 |
| Interest | 1 | 1 | 0 | 0 | 0 | 1 | 1 | 2 | 1 | 1 | 1 | 1 |
| Depreciation | 1 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 |
| Profit before tax | 12 | 12 | 14 | 12 | 14 | 17 | 18 | 17 | 15 | 16 | 18 | 23 |
| Tax % | 22% | 27% | 25% | 29% | 24% | 25% | 32% | 26% | 29% | 22% | 26% | 26% |
| Net Profit | 9 | 9 | 11 | 8 | 10 | 13 | 12 | 13 | 11 | 12 | 13 | 17 |
| EPS in Rs | 1.82 | 1.71 | 2.13 | 1.69 | 2.08 | 2.54 | 2.41 | 2.55 | 2.14 | 2.49 | 2.66 | 3.43 |
Growth and returns
Compounded yearly rates over each period.
- 10 Years
- 7%
- 5 Years
- 7%
- 3 Years
- −2%
- TTM
- 13%
- 10 Years
- 13%
- 5 Years
- 6%
- 3 Years
- 9%
- TTM
- 12%
- 10 Years
- 20%
- 5 Years
- −1%
- 3 Years
- −9%
- TTM
- —
- 10 Years
- 20%
- 5 Years
- 17%
- 3 Years
- 15%
- TTM
- —
P/E and EPS over time
Daily P/E and trailing 12-month EPS. EPS updates with each result.
Peers
Listed companies in the same business.
| Vidhi Specialty Food Ingredients | ₹ 305.00 | ₹ 1,589 Cr. | 25x | 5.1x | 16% | — |
| Nestle India | ₹ 1,173.45 | ₹ 2,26,278 Cr. | 80.4x | 53.4x | 76.3% | 15.1% |
| Britannia Industries | ₹ 4,547.80 | ₹ 1,09,542 Cr. | 51.5x | 25.5x | 53.6% | 13.3% |
| Tata Consumer Products | ₹ 960.00 | ₹ 95,010 Cr. | 67.4x | 4.9x | 7.4% | 8.1% |
| Godrej Industries | ₹ 918.00 | ₹ 30,884 Cr. | 34.9x | 4x | 11.6% | 10.9% |
| Patanjali Foods | ₹ 351.00 | ₹ 38,193 Cr. | 18.9x | 2.8x | 14.8% | 4.5% |
Management
- Bipin Madhavji Manek
- Executive Chairman of the Board, Managing Director
- Mitesh Dinesh Manek
- Chief Financial Officer
- Anupam J. Vyas
- Company Secretary and Compliance Officer
- Mihir Bipin Manek
- Executive Joint Managing Director
- Vidhi Harsh Parekh
- Executive - Whole-Time Director
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