Vidhi Specialty Food Ingredients Ltd (VIDHIING) AI Stock Analysis

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Vidhi Specialty Food Ingredients Ltd

(NSE:VIDHIING)

Select Model

Rating:63Neutral

Price Target:INR 377.00▲(22.62% Upside)

Action:reiterated

Date:08/20/26

The score is primarily supported by solid profitability and a generally healthy balance sheet, but it is held back by historically inconsistent cash flow generation. Technical indicators are neutral-to-slightly positive, while valuation appears relatively expensive based on the P/E, with only modest support from the dividend yield.

Positive Factors

Specialty product diversificationServing multiple consumer-facing industries gives the company a broader addressable market than reliance on one end use. Customized blends and application-specific performance can also deepen customer integration and support repeat B2B demand over the next several quarters.

Negative Factors

Uneven revenue trajectoryThe history of sharp revenue declines followed by only stabilization and modest recovery shows that top-line growth has not been consistently durable. This uneven trajectory can make capacity planning, customer expansion, and earnings growth less predictable over the medium term.

Vidhi Specialty Food Ingredients Ltd (VIDHIING) vs. iShares MSCI India ETF (INDA)

Market Cap: INR 15.38B
Dividend Yield: 2.27%
Average Volume (3M): 4,886
Price to Earnings (P/E): 25.5
Beta (1Y): 0.69
Revenue Growth: 34.77%
EPS Growth: 25.92%
Country: India
Employees: 96
Sector: General
Sector Strength: 55
Industry: Chemicals - Specialty

Vidhi Specialty Food Ingredients Ltd Business Overview & Revenue Model

Company 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...

How the Company Makes Money

The company makes money primarily by manufacturing and selling synthetic food colors and customized/blended color formulations to business customers (B2B). Revenue is generated from: (1) sales of individual synthetic food color dyes and intermediates...

Vidhi Specialty Food Ingredients Ltd Financial Statement Overview

Summary

Overall fundamentals are favorable, supported by solid profitability and a healthy balance sheet (improving margins and moderate leverage). The key drag is inconsistent cash generation, with negative operating/free cash flow in some years despite positive earnings, and an uneven revenue growth pattern.

Income Statement

72Positive

Balance Sheet

78Positive

Cash Flow

55Neutral

Financial statement breakdown
Breakdown	TTM	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022
Income Statement
Total Revenue	4.38B	3.80B	3.82B	2.98B	3.96B	5.27B
Gross Profit	1.55B	1.38B	1.45B	1.03B	725.64M	1.06B
EBITDA	849.67M	779.94M	700.58M	568.86M	556.30M	847.11M
Net Income	532.42M	489.57M	433.96M	364.48M	377.00M	585.68M
Balance Sheet
Total Assets	0	4.19B	3.96B	3.25B	3.31B	3.52B
Cash, Cash Equivalents and Short-Term Investments	199.63M	199.63M	291.78M	189.79M	178.97M	110.29M
Total Debt	0	576.25M	655.97M	203.85M	515.88M	904.09M
Total Liabilities	-3.28B	907.95M	949.69M	443.06M	803.99M	1.35B
Stockholders Equity	3.28B	3.28B	3.01B	2.80B	2.51B	2.17B
Cash Flow
Free Cash Flow	310.42M	217.07M	-119.81M	435.73M	530.85M	-621.54M
Operating Cash Flow	447.87M	377.48M	-45.60M	634.67M	959.15M	-214.57M
Investing Cash Flow	-253.70M	-154.66M	-68.80M	-191.95M	-423.67M	-402.51M
Financing Cash Flow	-303.00M	-305.97M	191.77M	-400.17M	-474.54M	525.84M

Vidhi Specialty Food Ingredients Ltd Technical Analysis

Technical Analysis SentimentNegative

Last Price307.45

Price Trends

50DMA338.94Negative

100DMA319.91Negative

200DMA312.65Negative

Market Momentum

MACD-9.32Positive

RSI39.29Neutral

STOCH18.34Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:VIDHIING, the sentiment is Negative. The current price of 307.45 is below the 20-day moving average (MA) of 329.50, below the 50-day MA of 338.94, and below the 200-day MA of 312.65, indicating a bearish trend. The MACD of -9.32 indicates Positive momentum. The RSI at 39.29 is Neutral, neither overbought nor oversold. The STOCH value of 18.34 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:VIDHIING.

Vidhi Specialty Food Ingredients Ltd Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

IN:VIDHIING against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IN:KIRIINDUS	77Outperform	INR 35.17B	0.56	―	―	10.71%	2756.39%
IN:AVTNPL	63Neutral	INR 13.38B	15.97	―	0.91%	40.77%	54.07%
IN:VIDHIING	63Neutral	INR 15.36B	25.51	―	2.27%	34.77%	25.92%
IN:PRIVISCL	59Neutral	INR 125.34B	33.70	―	0.31%	21.63%	60.79%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
IN:OAL	48Neutral	INR 19.29B	360.32	―	0.09%	13.55%	-77.69%
IN:CAMLINFINE	30Underperform	INR 16.15B	323.46	―	―	8.40%	―

* General Sector Average

Performance Comparison

IN:VIDHIING and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
IN:VIDHIING	Vidhi Specialty Food Ingredients Ltd	307.45	-27.98	-8.34%
IN:AVTNPL	AVT Natural Products Limited	87.83	15.07	20.71%
IN:CAMLINFINE	Camlin Fine Sciences Limited	84.05	-115.70	-57.92%
IN:KIRIINDUS	Kiri Industries Limited	539.70	-6.25	-1.14%
IN:OAL	Oriental Aromatics Ltd.	573.20	226.95	65.55%
IN:PRIVISCL	Privi Speciality Chemicals Limited	3208.65	265.37	9.02%

Vidhi Specialty Food Ingredients Ltd Corporate Events

Vidhi Specialty Food Ingredients Shareholders Clear All Resolutions at 33rd AGM

Sep 26, 2026

Vidhi Specialty Food Ingredients Ltd. held its 33rd Annual General Meeting on September 24, 2026 via video conferencing and other audio visual means, after confirming the requisite quorum. The company reported that all items of business outlined in t...

Vidhi Specialty Food Ingredients Sets Virtual 33rd AGM, Enables NSDL E-Voting

Sep 1, 2026

Vidhi Specialty Food Ingredients has announced that its 33rd Annual General Meeting will be held on September 24, 2026 at 3:30 p.m. IST via video conferencing and other audio-visual means, with no physical attendance, in line with MCA circulars and S...

Vidhi Specialty Food Ingredients Publishes Q1 FY2026 Unaudited Results in Newspapers

Jul 30, 2026

Vidhi Specialty Food Ingredients Ltd, a listed player in the specialty food ingredients industry, provides color and additive solutions to food and beverage manufacturers in India and overseas. The company’s shares trade on both BSE and NSE, an...

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Aug 20, 2026

Vidhi Specialty Food Ingredients Ltd AI Stock Analysis

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