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NSE: VIDHIING · Specialty Chemicals · sector
Key numbers
Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 107 companies in Specialty Chemicals (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹20 cr vs borrowings ₹58 cr (FY26): borrowings are higher by ₹38 cr.
- Operating profit covered interest 17.7x in the last 12 months.
- Operating cash flow was below net profit in 3 of the last 5 years (FY26, FY25, FY22).
- Revenue was higher than a year earlier in 2 of the last 4 quarters.
- Other income was 3% of net profit in the last 12 months.
- Debtor days went from 106 (FY24) to 137 (FY26).
- Dividend paid in 5 of the last 5 financial years.
- Price ₹311.65 on 2026-10-26: -19.6% from the 52-week high, +20.5% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 91 | 99 | 110 | 88 | 75 | 94 | 123 | 146 |
| EBITDA | 15 | 19 | 20 | 21 | 18 | 19 | 21 | 26 |
| OPM % | 16.6% | 19.2% | 18.2% | 23.4% | 23.6% | 20.3% | 16.8% | 17.8% |
| Other income | 1 | 0 | 1 | 0 | 1 | 0 | 0 | 0 |
| Net profit | 10 | 13 | 12 | 13 | 11 | 12 | 13 | 17 |
| EPS (₹) | 1.81 | 2.55 | 2.37 | 2.54 | 2.11 | 2.49 | 2.63 | 3.43 |
| Revenue YoY | -17.9% | -4.1% | +12.0% | +66.4% | ||||
| Profit YoY | +2.3% | -2.4% | +10.5% | +34.8% |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 537 | 404 | 303 | 382 | 380 | 438 |
| EBITDA | 85 | 56 | 57 | 68 | 78 | 83 |
| Net profit | 59 | 38 | 36 | 43 | 49 | 53 |
| EPS (₹) | 11.75 | 7.55 | 7.31 | 8.68 | 9.80 | 10.66 |
| Revenue growth | -24.8% | -24.9% | +26.0% | -0.6% | +13.2% | |
| Profit growth | -35.6% | -3.3% | +19.1% | +12.8% | +11.7% | |
| Dividend / share (₹) | 0.60 | 0.80 | 1.40 | 4.50 | 4.50 |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | -2.0% | +7.4% | +13.2% |
| Net profit | +9.1% | +6.0% | +11.7% |
| EPS | +9.1% | +6.0% | – |
| Share price | – | -14.5% (2y) | -6.3% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 251 | 280 | 301 | 328 |
| Borrowings | – | 50 | 20 | 66 | 58 |
| Cash & equivalents | – | 8 | 12 | 27 | 20 |
| Total assets | – | 331 | 325 | 396 | 419 |
| Fixed assets | – | 44 | 121 | 126 | 133 |
| Capital work in progress | – | 68 | 4 | 4 | 4 |
| Investments | – | 0 | 0 | 0 | 0 |
| Receivables | – | 101 | 88 | 129 | 143 |
| Inventory | – | 61 | 56 | 75 | 81 |
| Payables | – | 23 | 16 | 19 | 21 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | -21 | 96 | 63 | -5 | 42 |
| Cash from investing | -40 | -42 | -19 | -7 | -15 |
| Cash from financing | 53 | -47 | -40 | 19 | -35 |
| Capex | 41 | 43 | 20 | 7 | 16 |
| Free cash flow | -62 | 53 | 44 | -12 | 26 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | 15.0% | 13.0% | 14.4% | 14.9% |
| ROCE % | – | 17.8% | 17.3% | 17.0% | 18.3% |
| Debtor days | – | 91 | 106 | 123 | 137 |
| Inventory days | – | 75 | 108 | 115 | 136 |
| Payable days | – | 28 | 31 | 29 | 35 |
| Cash conversion cycle (days) | – | 138 | 183 | 209 | 238 |
| Working capital days | – | 122 | 178 | 158 | 180 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 64.27% |
| FIIs | 0.08% |
| DIIs | 0.04% |
| Public (non-institutions) | 35.61% |
| Quarter | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 64.27% | 64.27% | 64.27% | 64.27% | 64.27% | 64.27% | 64.27% | 64.27% |
| Promoter group | % |
|---|---|
| PRAVINAMANEKFAMILYPRIVATETRUST(TrusteesBipinMadhavjiManekPravinaBipinManekandMihirBipinManek) | 26.03% |
| BIPINMANEKFAMILYPRIVATETRUST(TrusteesBipinMadhavjiManekPravinaBipinManekMihirBipinManek) | 23.03% |
| Pravina B Manek | 6.99% |
| Bipin Madhavji Manek | 5.23% |
| MANEKFAMILYPRIVATETRUST(TrusteesBipinMadhavjiManekandPravinaBipinManek) | 3.00% |
| Mihir Bipin Manek | 0.00% |
| Vidhi Harsh Parekh | 0.00% |
| Vidhi Food Colours (Dahej) Private Limited | 0.00% |
| Vidhi Finechem Private Limited | 0.00% |
| Chroma Food Ingredients Private Limited | 0.00% |
| Public holders above 1% | % |
|---|---|
| Miten Mehta | 1.44% |
14,583 shareholders. Pledged: – of promoter shares.
Peers in Specialty Chemicals
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| PIDILITIND | ₹1,50,431 cr | 56.8x | 13.9x | 25.7% | 33.4% | 24.5% | +7.4% | 1.01% |
| FLUOROCHEM | ₹46,168 cr | 75.4x | 5.9x | 8.1% | 10.0% | 25.6% | -4.2% | 0.07% |
| NAVINFLUOR | ₹39,306 cr | 49.7x | 9.9x | 23.9% | 22.2% | 33.7% | +16.8% | 0.18% |
| DEEPAKNTR | ₹19,676 cr | 25.1x | 3.4x | 14.0% | 15.3% | 15.4% | -0.4% | 0.52% |
| AETHER | ₹19,529 cr | 82.8x | 8.0x | 10.1% | 11.4% | 30.9% | +21.2% | – |
| ATUL | ₹15,762 cr | 19.8x | 2.5x | 11.9% | 16.9% | 17.9% | +7.9% | 0.47% |
| AARTIIND | ₹15,539 cr | 29.3x | 2.6x | 9.2% | 8.0% | 14.9% | +7.8% | 0.24% |
| FINEORG | ₹15,328 cr | 35.0x | 5.8x | 17.7% | 21.3% | 21.7% | -7.8% | 0.22% |
| BASF | ₹13,174 cr | 20.5x | 3.3x | 16.9% | 22.0% | 5.9% | +3.1% | 0.66% |
| VIDHIING | ₹1,557 cr | 29.2x | 4.8x | 16.9% | 19.7% | 19.0% | -2.0% | 1.44% |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2025-11-14 | Dividend | Interim Dividend - Re 1.50 Per Share |
| 2025-09-17 | Dividend | Dividend - Rs 1.50 Per Share |
| 2025-08-01 | Dividend | Interim Dividend - Rs 1.50 Per Share |
| 2025-01-24 | Dividend | Interim Dividend - Rs 1.50 Per Share |
| 2024-11-19 | Dividend | Interim Dividend - Re 1 Per Share |
| 2024-09-17 | Dividend | Annual General Meeting/Dividend - Re 1 Per Share |
| 2024-08-21 | Dividend | Interim Dividend - Re 1 Per Share |
| 2024-02-16 | Dividend | Interim Dividend - Re 0.60 Per Share |
| 2023-11-17 | Dividend | Interim Dividend - Re 0.40 Per Share |
| 2023-09-22 | Dividend | Annual General Meeting/Dividend - Re 0.40 Per Share |
| 2022-11-17 | Dividend | Interim Dividend - Rs 0.40 Per Share |
| 2022-09-22 | Dividend | Annual General Meeting/Dividend - Rs 0.40 Per Share |
| 2021-11-17 | Dividend | Interim Dividend - Rs 0.40 Per Share |
| 2021-09-20 | Dividend | Annual General Meeting/Dividend - Rs 0.20 Per Share |
| 2021-02-17 | Dividend | Interim Dividend - Re 0.20 Per Share |
| 2020-11-19 | Dividend | Interim Dividend - Rs 0.20 Per Share |
| 2020-09-21 | Dividend | Annual General Meeting/Dividend - Rs 0.20 Per Share |
| 2020-08-20 | Dividend | Interim Dividend - Rs 0.20 Per Share |
| 2020-02-18 | Dividend | Interim Dividend - Re 0.40 Per Share |
| 2019-11-21 | Dividend | Interim Dividend - Rs 0.20 Per Share |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Annual report FY22
- Announcements NSE filings
- BRSR FY26
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
- Manufacturing: Chemical and chemical products, pharmaceuticals, medicinal chemical and botanical product
- Trade: Wholesale Trading
| Sector | Commodities |
| Industry | Specialty Chemicals |
| Sub-industry | Specialty Chemicals |
| Symbol | VIDHIING |
| BSE code | 531717 |
| ISIN | INE632C01026 |
| Face value | ₹1.0 |
| Incorporated | 1994-01-19 |
| Website | www.vidhifoodcolors.com |
| Plants (India / abroad) | 2 / 0 |
From the company's filings (BRSR FY26).
Data built 2026-10-23 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.