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Vidhi Specialty Food Ingredients Limited (VIDHIING.NS)

INR313.05 +0.05 (+0.02%)
IN NSE Basic Materials Chemicals - Specialty
Address E-27/28/29, Commerce Centre 400034
Mumbai, IN
CEO Bipin Madhavji Manek
IPO 2016-03-02
ISIN INE632C01026

Explore sections of this company profile

Also trades on Bombay Stock Exchange · VIDHIING.BO (INR) National Stock Exchange of India · VIDHIING.NS (INR)
Description

Vidhi Specialty Food Ingredients Limited, headquartered in Mumbai, India, was established in 1994. The company primarily specializes in the manufacturing and supply of synthetic food colors, while also engaging in the trade of various chemicals. Its comprehensive product range includes synthetic water-soluble colors, aluminum lakes, and both FD&C and D&C certified colors and lakes. Additionally, Vidhi provides natural colors, natural lakes, and iron oxide-based pigments. These diverse coloring solutions are utilized extensively across numerous sectors, such as the food and beverage industry, confectionery, pharmaceuticals, animal feed, cosmetics, inkjet inks, and specialized salt-free color applications. Beyond its core food ingredient operations, the company also sources and exports non-food dyes, a category that includes acid, textile, reactive, and basic dyes, as well as various pigments. Vidhi Specialty Food Ingredients boasts a significant international presence, serving markets throughout Asia, Europe, South Africa, the Middle East, and the United States, among other global regions. The company, initially incorporated as Vidhi Dyestuffs Manufacturing Limited, officially changed its name to Vidhi Specialty Food Ingredients Limited in August 2016.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
INR313.05 +0.05 (+0.02%)
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Volume Profile
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Liquidity & share structure
Average Volume
14.8K
Beta
-0.20
Float Shares
15.99M
Free Float %
32.0%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
+1.37% -5.99% -8.48% -5.67% -20.57% -15.81% -34.21% -17.02% +44.85% +387.44% +392.35%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
313.05
DCF (Unlevered) 149.45 -52.3%
DCF (Levered) 50.19 -84.0%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Quality scores
Altman Z-Score
11.67
Safe zone
Piotroski F-Score
4 / 9
Average
MOAT Score
5 / 10
Developing
Composite Rating
B+
Overall Score
3 / 5
Medium
DCF Score
3 / 5
Medium
ROE Score
5 / 5
High
ROA Score
5 / 5
High
D/E Score
2 / 5
Medium
P/E Score
2 / 5
Medium
P/Book Score
2 / 5
Medium
Operational MOAT
✗ Below peers
  • Revenue growth Chemicals - Specialty: +4.7%
    -0.6% Q1'26: +12.0% (vs Q1'25)
  • EPS growth Chemicals - Specialty: +13.2%
    +12.8% Q1'26: +10.5% (vs Q1'25)
  • FCF margin FCF growth · Chemicals - Specialty: +44.1%
    +6.7% Q1'26: +25.3% (vs Q1'25)
  • EBIT margin Chemicals - Specialty: +8.8%
    +18.1% Q1'26: +15.1% (vs Q1'25)
  • ROIC Chemicals - Specialty: +5.6%
    +14.0% Q1'26: +15.0% (vs Q1'25)
  • Share dilution Chemicals - Specialty: +0.1%
    +0.1% Q1'26: +0.1% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Chemicals - Specialty: 0.18×
    0.74× Q1'26: 0.70× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.64) × ERP
WACC = 96% × Ke + 4% × Kd (8.3%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 153.85 Current price: 313.05
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Mar 2016
actual
Mar 2017
actual
Mar 2018
actual
Mar 2019
actual
Mar 2020
actual
Mar 2021
actual
Mar 2022
actual
Mar 2023
actual
Mar 2026
1 Rev. Ana.
1 EPS Ana.
Mar 2027
1 Rev. Ana.
1 EPS Ana.
Mar 2028
1 Rev. Ana.
1 EPS Ana.
Mar 2029
1 Rev. Ana.
1 EPS Ana.
Mar 2030
1 Rev. Ana.
1 EPS Ana.
Mar 2031
1 Rev. Ana.
1 EPS Ana.
Revenue
1.85B
est: 2.19B (-15.7%)
1.87B
est: 1.90B (-2.0%)
2.05B
est: 2.17B (-5.4%)
2.22B
est: 2.32B (-4.5%)
2.13B
est: 2.56B (-16.5%)
2.60B
est: 2.84B (-8.5%)
5.27B
est: 3.27B (+61.3%)
3.96B
est: 3.76B (+5.4%)
2.19B
2.19B – 2.19B
-41.7% YoY
1.90B
1.90B – 1.90B
-13.1% YoY
2.17B
2.17B – 2.17B
+14.0% YoY
2.32B
2.32B – 2.32B
+7.0% YoY
2.56B
2.56B – 2.56B
+10.1% YoY
2.84B
2.84B – 2.84B
+11.0% YoY
EBITDA
256.77M
est: 385.66M (-33.4%)
290.49M
est: 335.12M (-13.3%)
309.96M
est: 382.18M (-18.9%)
459.42M
est: 408.94M (+12.3%)
503.92M
est: 401.71M (+25.4%)
533.02M
est: 499.98M (+6.6%)
847.11M
est: 577.51M (+46.7%)
556.30M
est: 665.61M (-16.4%)
385.66M
385.66M – 385.66M
-42.1% YoY
335.12M
335.12M – 335.12M
-13.1% YoY
382.18M
382.18M – 382.18M
+14.0% YoY
408.94M
408.94M – 408.94M
+7.0% YoY
450.44M
450.44M – 450.44M
+10.1% YoY
499.98M
499.98M – 499.98M
+11.0% YoY
EBIT
235.16M
est: 356.21M (-34.0%)
267.90M
est: 309.53M (-13.4%)
285.01M
est: 336.49M (-15.3%)
435.59M
est: 377.71M (+15.3%)
474.26M
est: 416.04M (+14.0%)
503.78M
est: 461.80M (+9.1%)
815.97M
est: 524.50M (+55.6%)
519.35M
est: 604.51M (-14.1%)
356.21M
356.21M – 356.21M
-41.1% YoY
309.53M
309.53M – 309.53M
-13.1% YoY
353.00M
353.00M – 353.00M
+14.0% YoY
377.71M
377.71M – 377.71M
+7.0% YoY
416.04M
416.04M – 416.04M
+10.1% YoY
461.80M
461.80M – 461.80M
+11.0% YoY
Net Income
147.32M
est: 146.28M (+0.7%)
146.54M
est: 164.26M (-10.8%)
156.32M
est: 157.27M (-0.6%)
290.55M
est: 265.61M (+9.4%)
339.21M
est: 330.51M (+2.6%)
365.59M
est: 369.45M (-1.0%)
585.68M
est: 433.27M (+35.2%)
377.00M
est: 499.37M (-24.5%)
146.28M
146.28M – 146.28M
-70.7% YoY
164.26M
164.26M – 164.26M
+12.3% YoY
157.27M
157.27M – 157.27M
-4.3% YoY
265.61M
265.61M – 265.61M
+68.9% YoY
330.51M
330.51M – 330.51M
+24.4% YoY
369.45M
369.45M – 369.45M
+11.8% YoY
SGA
22.98M
est: 122.11M (-81.2%)
68.17M
est: 106.11M (-35.8%)
97.95M
est: 121.01M (-19.1%)
111.35M
est: 129.48M (-14.0%)
128.38M
est: 142.62M (-10.0%)
121.78M
est: 158.31M (-23.1%)
214.33M
est: 492.02M (-56.4%)
226.47M
est: 210.67M (+7.5%)
122.11M
122.11M – 122.11M
-42.0% YoY
106.11M
106.11M – 106.11M
-13.1% YoY
121.01M
121.01M – 121.01M
+14.0% YoY
129.48M
129.48M – 129.48M
+7.0% YoY
142.62M
142.62M – 142.62M
+10.1% YoY
158.31M
158.31M – 158.31M
+11.0% YoY
EPS
2.95
est: 2.93 (+0.7%)
2.93
est: 3.29 (-10.9%)
3.13
est: 3.15 (-0.6%)
5.82
est: 5.32 (+9.4%)
6.79
est: 6.62 (+2.6%)
7.32
est: 7.40 (-1.1%)
11.75
est: 11.99 (-2.0%)
7.55
est: 19.42 (-61.1%)
2.93
2.93 – 2.93
-84.9% YoY
3.29
3.29 – 3.29
+12.3% YoY
3.15
3.15 – 3.15
-4.3% YoY
5.32
5.32 – 5.32
+68.9% YoY
6.62
6.62 – 6.62
+24.4% YoY
7.40
7.40 – 7.40
+11.8% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-20 B+ 3/5 3/5 5/5 5/5 2/5 2/5 2/5
2026-05-19 C- 1/5 4/5 1/5 1/5 1/5 1/5 1/5
2026-05-18 C- 1/5 4/5 1/5 1/5 1/5 1/5 1/5
2026-05-15 C 2/5 5/5 1/5 1/5 1/5 1/5 1/5
2026-05-14 C 2/5 5/5 1/5 1/5 1/5 1/5 1/5
2026-05-13 C 2/5 5/5 1/5 1/5 1/5 1/5 1/5
2026-05-12 C 2/5 5/5 1/5 1/5 1/5 1/5 1/5
2026-05-11 C 2/5 5/5 1/5 1/5 1/5 1/5 1/5
2026-05-08 C 2/5 5/5 1/5 1/5 1/5 1/5 1/5
2026-05-07 C 2/5 5/5 1/5 1/5 1/5 1/5 1/5
2026-05-06 C 2/5 5/5 1/5 1/5 1/5 1/5 1/5
2026-05-05 C 2/5 5/5 1/5 1/5 1/5 1/5 1/5
2026-05-04 C 2/5 5/5 1/5 1/5 1/5 1/5 1/5
2026-04-30 C 2/5 5/5 1/5 1/5 1/5 1/5 1/5
2026-04-29 C 2/5 5/5 1/5 1/5 1/5 1/5 1/5
2026-04-28 C 2/5 5/5 1/5 1/5 1/5 1/5 1/5
2026-04-27 C 2/5 5/5 1/5 1/5 1/5 1/5 1/5
2026-04-24 C 2/5 5/5 1/5 1/5 1/5 1/5 1/5
2026-04-23 C 2/5 5/5 1/5 1/5 1/5 1/5 1/5
2026-04-22 C 2/5 5/5 1/5 1/5 1/5 1/5 1/5
2026-04-21 C 2/5 5/5 1/5 1/5 1/5 1/5 1/5
2026-04-20 C 2/5 5/5 1/5 1/5 1/5 1/5 1/5
2026-04-17 C 2/5 5/5 1/5 1/5 1/5 1/5 1/5
2026-04-16 C 2/5 5/5 1/5 1/5 1/5 1/5 1/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
196.36M
OE per share TTM
3.87
Owner's Yield
1.34%
Maintenance CapEx ratio
9.46%
Maint CapEx / Avg PPE
24.4%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock

This company is not held by any ETF in our universe.

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
7.16M
Shares Outstanding
49.95M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Mihir Bipin Manek Joint MD & Executive Director 33M male
Bipin Madhavji Manek Executive Chairman & MD 33M male
Vidhi Harsh Parekh Executive Whole-time Director 1M female
Manoj Madhukar Jadhav Senior R&D Officer
Anupam Jitendra Vyas Company Secretary & Compliance Officer male
Mitesh Dinesh Manek Chief Financial Officer male
Nilesh S. Khedekar Marketing Manager
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits