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Vidhi Specialty Food Ingredients (VIDHIING)₹307.15−2.65%Specialty Chemicals
In the Sep 2026 quarter (consolidated), Vidhi Specialty Food Ingredients reported sales of ₹137 Cr, up 82.5% from Sep 2025, and net profit of ₹18.04 Cr, up 63.4% year on year. For the year to Mar 2026, sales were ₹379 Cr and net profit ₹49.10 Cr.
Company filings, consolidated accounts; latest reported quarter Sep 2026
| Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 62.79 | 77.78 | 82.77 | 90.76 | 98.68 | 110 | 87.78 | 74.86 | 93.70 | 123 | 146 | 137 |
| Expenses | 49.08 | 62.08 | 69.11 | 76.05 | 79.11 | 90.09 | 67.04 | 57.04 | 75.12 | 102 | 120 | 110 |
| Operating Profit | 14.01 | 15.99 | 14.01 | 14.99 | 18.99 | 20.01 | 20.99 | 18.01 | 18.99 | 21.01 | 25.98 | 25.99 |
| OPM % | 23.0% | 20.0% | 17.0% | 17.0% | 19.0% | 18.0% | 23.0% | 24.0% | 20.0% | 17.0% | 18.0% | 19.0% |
| Other Income | 0.00 | 0.00 | 0.00 | 1.01 | 0.00 | 1.01 | 0.00 | 1.01 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest | 0.99 | 0.00 | 0.00 | 0.00 | 1.01 | 0.99 | 1.99 | 0.99 | 0.99 | 0.99 | 0.99 | 0.99 |
| Depreciation | 2.01 | 2.01 | 2.01 | 2.01 | 2.01 | 2.01 | 2.01 | 2.01 | 2.01 | 2.01 | 1.99 | 1.99 |
| Profit before tax | 12.01 | 14.02 | 12.01 | 14.01 | 17.01 | 18.02 | 17.03 | 15.01 | 16.01 | 18.02 | 23.03 | 24.02 |
| Tax % | 27.0% | 25.1% | 29.1% | 24.1% | 25.1% | 32.1% | 26.1% | 29.1% | 22.1% | 26.1% | 26.1% | 26.1% |
| Net Profit | 9.03 | 10.03 | 8.02 | 10.03 | 13.03 | 12.03 | 13.04 | 11.04 | 12.03 | 13.03 | 17.04 | 18.04 |
| EPS (Rs) | 1.73 | 2.11 | 1.70 | 2.08 | 2.56 | 2.39 | 2.55 | 2.12 | 2.50 | 2.64 | 3.44 | 3.54 |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|
| Sales | 225 | 265 | 536 | 403 | 297 | 381 | 379 | 499 |
| Expenses | 174 | 213 | 452 | 348 | 241 | 314 | 302 | 408 |
| Operating Profit | 50.99 | 53.02 | 85.04 | 56.01 | 56.98 | 68.02 | 78.01 | 91.97 |
| OPM % | 22.0% | 20.0% | 16.0% | 14.0% | 19.0% | 18.0% | 21.0% | 18.4% |
| Other Income | 0.99 | 2.01 | 1.01 | 0.99 | 1.01 | 2.01 | 2.01 | 0.00 |
| Interest | 2.99 | 1.99 | 3.99 | 4.01 | 2.99 | 1.99 | 4.99 | 3.96 |
| Depreciation | 3.01 | 2.99 | 3.01 | 3.99 | 6.01 | 8.01 | 9.01 | 8.00 |
| Profit before tax | 45.07 | 50.03 | 79.11 | 50.02 | 49.06 | 60.07 | 66.07 | 81.08 |
| Tax % | 25.1% | 26.1% | 26.0% | 24.1% | 25.1% | 28.1% | 26.1% | — |
| Net Profit | 34.10 | 37.09 | 59.18 | 38.11 | 36.11 | 43.10 | 49.10 | 60.14 |
| EPS (Rs) | 6.80 | 7.33 | 11.76 | 7.56 | 7.32 | 8.71 | 9.82 | 12.12 |
| Dividend payout % | 15.0% | 11.0% | 3.0% | 11.0% | 27.0% | 58.1% | 31.0% | — |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 4.98 | 4.99 | 4.98 | 4.99 | 4.98 | 4.98 | 4.98 |
| Reserves | 124 | 156 | 212 | 246 | 274 | 296 | 322 |
| Borrowings | 33.94 | 30.96 | 89.82 | 51.97 | 19.95 | 65.87 | 57.89 |
| Other Liabilities | 23.89 | 33.83 | 43.80 | 28.86 | 23.89 | 28.86 | 32.85 |
| Total Liabilities | 186 | 226 | 351 | 330 | 324 | 395 | 418 |
| Fixed Assets | 39.89 | 37.90 | 46.86 | 54.85 | 133 | 134 | 141 |
| CWIP | 5.99 | 8.01 | 37.02 | 68.04 | 4.01 | 4.01 | 4.01 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Assets | 141 | 179 | 267 | 207 | 187 | 258 | 273 |
| Inventories | 34.08 | 40.15 | 73.19 | 61.19 | 56.20 | 75.25 | 81.24 |
| Trade receivables | 75.78 | 94.74 | 150 | 101 | 87.82 | 129 | 143 |
| Cash & equivalents | 10.01 | 11.02 | 1.01 | 8.01 | 19.02 | 27.01 | 20.01 |
| Total Assets | 186 | 226 | 351 | 330 | 324 | 395 | 418 |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Cash from operating activity | 28.10 | 11.04 | −21.07 | 96.36 | 71.30 | −5.02 | 42.15 |
| Cash from investing activity | −11.99 | −2.99 | −39.94 | −40.97 | −18.99 | 4.99 | −14.98 |
| Cash from financing activity | −24.05 | −8.02 | 53.10 | −47.08 | −40.06 | 19.03 | −35.05 |
| Net cash flow | −8.01 | 0.00 | −9.01 | 7.01 | 12.01 | 20.02 | −8.01 |
| Capex | 4.75 | 3.31 | 40.54 | 42.68 | 19.88 | 7.40 | 15.99 |
| Free cash flow | 23.06 | 8.02 | −62.15 | 53.12 | 51.13 | −12.04 | 26.06 |
| CFO / OP % | 78.0% | 44.0% | 0.0% | 193.0% | 144.0% | 13.0% | 75.0% |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Debtor days | 124 | 130 | 102 | 91 | 108 | 123 | 137 |
| Inventory days | 102 | 93 | 71 | 75 | 111 | 115 | 136 |
| Days payable | 52 | 62 | 35 | 27 | 30 | 28 | 34 |
| Cash conversion cycle | 173 | 159 | 137 | 138 | 189 | 209 | 238 |
| Working capital days | 125 | 150 | 104 | 116 | 156 | 133 | 162 |
| ROCE % | — | 29.0% | 33.0% | 18.0% | 17.0% | 19.0% | 19.0% |
For the Sep 2026 quarter, Vidhi Specialty Food Ingredients reported sales of ₹137 Cr, up 82.5% year on year and net profit of ₹18.04 Cr, up 63.4% year on year. The operating margin was 19.0%.
Vidhi Specialty Food Ingredients' sales for the year to Mar 2026 were ₹379 Cr; over the last twelve months they were ₹499 Cr.
Net profit for the year to Mar 2026 was ₹49.10 Cr, and ₹60.14 Cr over the last twelve months. Earnings per share over the same trailing period were ₹12.12.
Vidhi Specialty Food Ingredients reported borrowings of ₹57.89 Cr at Mar 2026, against cash and equivalents of ₹20.01 Cr.
Cash from operations was ₹42.15 Cr in the year to Mar 2026; after capital spending, free cash flow was ₹26.06 Cr.