# Vidhi Specialty Food Ingredients share price today (Vidhi Specialty Food Ingredients Ltd, NSE: VIDHIING)

> Vidhi Specialty Food Ingredients share price today: ₹306.20 at the NSE close on 3 November 2026, down 9.4% in a year. Vidhi Specialty Food Ingredients (NSE: VIDHIING) is worth ₹1,529 crore, trades at a P/E of 25.4 and has closed between ₹263.25 and ₹374.60 over the past 52 weeks. > Vidhi Specialty Food Ingredients Ltd's results are improving, while its P/E is near the low end of its own history over 6.3 years, higher than only 11% of past readings. VIDHIING · Dyes & Pigments · data as of 3 November 2026. Page: https://www.sectoralpha.in/stocks/vidhi-specialty-food-ingredients-ltd

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## Key numbers

- Business trend: Growing steadily, from the last 12 quarters
- Price: ₹306.20 (−9.4% in a year)
- P/E: 25.4× (lower than 89% of the last 6.3 years)
- Revenue (Sep 2026): ₹137 Cr (+82.7% on a year ago)
- Profit (Sep 2026): ₹18.0 Cr (+63.6% on a year ago)
- Operating margin: 19.0% (−5.0 points on a year ago)
- ROCE: 19%, FY26
- ROIC: 17.1%, against a 12.0% cost of capital: +5.1 points

Biggest thing to watch: the price has already been rising for 7 weeks, so timing is the risk more than the business. ## What is the Vidhi Specialty Food Ingredients share price today? Vidhi Specialty Food Ingredients Ltd's share price was ₹306.20 at the close on 3 November 2026. It has been rising for 7 weeks. That is 6.5% below its average price over the last 200 trading days. Over the past 13 weeks it has done better than the NIFTY 500, and it has stayed ahead for 18 weeks in a row. In the last 52 weeks it traded between ₹263 and ₹375, and at that close it sat 39% of the way up from that low. Over the last 11 years the share price moved +422% while the NIFTY 500 moved +251%, so it is ahead of the index over that whole period. The chart above shows the 13-week comparison for every week. This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row. ## What changed at Vidhi Specialty Food Ingredients this quarter? Two changes stood out: highest quarterly profit in 16 quarters and operating margin down 5 points on a year earlier. 1. Highest quarterly profit in 16 quarters Profit of ₹18 crore in the September 2026 quarter is the highest of the last 16 quarters. Why: Profit rose because the core manufacturing business did more business than in the previous quarter. Next results: check whether sales in the second half are similar to or slightly better than the first half on current orders. From the earnings call on 26 Oct 2026. 2. Operating margin down 5 points on a year earlier 19% in the September 2026 quarter, from 24%. Why: The margin fell because low-margin spot trading diluted overall profitability, even though core manufacturing held up. Next results: check whether higher-value products reach the planned share of sales as the product mix changes. From the earnings call on 26 Oct 2026. ## What are Vidhi Specialty Food Ingredients' latest quarterly results? For July to September 2026 (the quarter ended 30 September 2026), Vidhi Specialty Food Ingredients reported revenue of ₹137 crore, up 82.7% from ₹75.0 crore a year earlier, and a profit of ₹18.0 crore, up 63.6% from ₹11.0 crore. ### Vidhi Specialty Food Ingredients results: July to September 2026 against a year earlier

| Measure | July to September 2026 | July to September 2025 | Change |
| --- | --- | --- | --- |
| Revenue | ₹137 crore | ₹75.0 crore | +82.7% |
| Profit | ₹18.0 crore | ₹11.0 crore | +63.6% |
| Earnings per share | ₹3.53 | ₹2.11 | +67.3% |
| Operating margin | 19.0% | 24.0% | −5.0 points |

The next results, for October to December 2026, are due by 14 February 2027: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter). Vidhi Specialty Food Ingredients' management discussed these results on a call held on 26 October 2026; what it said is further down this page. (From the company's reported quarterly results (quarter ended 30 September 2026). Revenue and profit in ₹ crore.)

## What is the Vidhi Specialty Food Ingredients share price history? Vidhi Specialty Food Ingredients closed at ₹306.20 on 3 November 2026, down 9.4% from ₹337.95 a year earlier (31 October 2025) and down 13.2% over five years. Its highest weekly close since March 2016 was ₹563.55 on 13 December 2024. ### Vidhi Specialty Food Ingredients share price: then and now

| When | Close | Change to 3 Nov 2026 |
| --- | --- | --- |
| 1 week ago · 23 Oct 2026 | ₹317.90 | −3.7% |
| 1 month ago · 1 Oct 2026 | ₹351.00 | −12.8% |
| 6 months ago · 30 Apr 2026 | ₹300.55 | +1.9% |
| 1 year ago · 31 Oct 2025 | ₹337.95 | −9.4% |
| 3 years ago · 3 Nov 2023 | ₹421.90 | −27.4% |
| 5 years ago · 4 Nov 2021 | ₹352.65 | −13.2% |
| 10 years ago · 4 Nov 2016 | ₹60.30 | +407.8% |
| Earliest weekly close in our records · 11 Mar 2016 | ₹58.70 | +421.6% |
| Highest weekly close since March 2016 · 13 Dec 2024 | ₹563.55 | −45.7% |
| Lowest weekly close since March 2016 · 27 Mar 2020 | ₹45.10 | +578.9% |
| 52-week high (weekly close) · 14 Nov 2025 | ₹374.60 | −18.3% |
| 52-week low (weekly close) · 27 Mar 2026 | ₹263.25 | +16.3% |

Weekly closing prices. Each change is the move from that price to the 3 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes. (561 weekly closes from 11 March 2016 to 3 November 2026.)

## What is the latest news on Vidhi Specialty Food Ingredients? 3 Nov 2026: Vidhi Specialty Food Ingredients closed at ₹306.20, down 3.7% on the week and down 12.8% on the month. 26 Oct 2026: Vidhi Specialty Food Ingredients held its results call for July to September 2026. Management guided: Dahej full utilisation in FY27 on track. ### Earlier

- Results for July to September 2026: Revenue up 82.7% and profit up 63.6% on a year earlier. - 14 Nov 2025: ex-date for an interim dividend of ₹1.50 a share. ## What dividend does Vidhi Specialty Food Ingredients pay? Vidhi Specialty Food Ingredients paid ₹1.50 a share in regular dividends in the 12 months to 4 November 2026 (1 payment), a yield of 0.49% at the ₹306.20 close on 3 November 2026. The last was an interim dividend of ₹1.50 a share, ex-date 14 November 2025. ### Vidhi Specialty Food Ingredients dividends since 1 April 2021

| Ex-date | Dividend per share | Type | Record date |
| --- | --- | --- | --- |
| 14 Nov 2025 | ₹1.50 | Interim | same day |
| 17 Sep 2025 | ₹1.50 | Dividend | same day |
| 1 Aug 2025 | ₹1.50 | Interim | same day |
| 24 Jan 2025 | ₹1.50 | Interim | same day |
| 19 Nov 2024 | ₹1 | Interim | 20 Nov 2024 |
| 17 Sep 2024 | ₹1 | Dividend | n/a |
| 21 Aug 2024 | ₹1 | Interim | same day |
| 16 Feb 2024 | ₹0.60 | Interim | same day |
| 17 Nov 2023 | ₹0.40 | Interim | same day |
| 22 Sep 2023 | ₹0.40 | Dividend | n/a |
| 17 Nov 2022 | ₹0.40 | Interim | 19 Nov 2022 |
| 22 Sep 2022 | ₹0.40 | Dividend | n/a |
| 17 Nov 2021 | ₹0.40 | Interim | 20 Nov 2021 |
| 20 Sep 2021 | ₹0.20 | Dividend | n/a |

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date. 5 of 5 Of the last 5 financial years, years with an NSE dividend record

Yes. Vidhi Specialty Food Ingredients Ltd paid out 31% of its profit as dividends in FY26, and it paid a dividend in each of its last 7 reported years. (From the NSE corporate-actions record, read 4 November 2026.)

## What did Vidhi Specialty Food Ingredients management say on the latest results call? On the call for July to September 2026, held on 26 October 2026, Vidhi Specialty Food Ingredients' management guided: Dahej full utilisation in FY27 on track. > “The revenue generation that we expect from investing these 75 crores is to the tune of 225 to 250 crores.”
> Mihir Manek, Joint Managing Director, on the call for July to September 2026

### What management guided

- Dahej new value-added line ₹75-85 crore, construction from last quarter FY27 to commissioning mid to end FY28. - Dahej new line revenue ₹225-250 crore on ₹75 crore of spending. - Roha Cote Titan dedicated facility ₹25-35 crore, on-ground in 2-3 months concurrent with Dahej. - Effluent tweak adding 50-75 TPM from January to March 2027 enabling about 7,000 TPA. Management’s own plans and goals, from our notes of the call. A plan is not a result. Source: [the call transcript](https://files.tijorifinance.com/insight/india/3950/Conference Call/CC-Oct26.pdf). (From the call for July to September 2026, 26 October 2026.)

## What to watch in Vidhi Specialty Food Ingredients' next results? When Vidhi Specialty Food Ingredients reports October to December 2026, these are the 2 checks that show whether the story is still on course. First: Dahej ramp to reach full utilisation through H2 on current orders - per management outlook. - What to check (from the call)
- Dahej ramp to reach full utilisation through H2 on current orders - per management outlook. - Cote Titan monthly sample lots to advance toward large-company trials within flagged stability window. ## Which stock lists is Vidhi Specialty Food Ingredients on? Vidhi Specialty Food Ingredients is not on any of our India lists this week. ## Is Vidhi Specialty Food Ingredients profitable? Vidhi Specialty Food Ingredients Ltd earned ₹18.0 Cr of net profit in the Sep 2026 quarter, +63.6% on the same quarter a year earlier. That is the 3rd quarter in a row of profit growth. Full-year FY26 profit was ₹49.0 Cr. Over 6 years profit has grown 6.3% a year on average. That is 13.1% of the quarter's revenue. The same quarter a year earlier earned ₹11.0 Cr. For the full year, FY26 profit was ₹49.0 Cr (+14.0% on the year before). Why profit moved: revenue changed +82.7% on a year earlier and the margin moved −5.0 percentage points. Sales did the work while the margin got thinner. On average over the last four quarters, profit changed +23.8% and revenue +38.8%. Profit is growing slower than sales: rising costs are taking part of the growth. ## How much revenue does Vidhi Specialty Food Ingredients make, and is it growing? Vidhi Specialty Food Ingredients Ltd reported ₹137 Cr of revenue in the Sep 2026 quarter, +82.7% on the same quarter a year earlier. That is the 3rd quarter in a row with growth on the year before. Over 6 years it has grown 9.1% a year on average. The last full year, FY26, came in at ₹380 Cr. The last four reported quarters add to ₹500 Cr. FY26 revenue was ₹380 Cr, −0.5% on the year before. Recent pace: the last four quarters grew +38.8% on average, against 9.1% a year over the longer run, so this year is growing faster than its own long-run rate. Is growth speeding up? Revenue over the last 12 months grew +34.4%, against +26.0% a year over the last 8 quarters (accelerating); profit over the last 12 months grew +22.4%, against +27.3% a year (rolling over). ## How much of every ₹100 of sales does Vidhi Specialty Food Ingredients keep? Vidhi Specialty Food Ingredients Ltd's operating margin was 19.0% in the Sep 2026 quarter, 5.0 percentage points lower than the same quarter a year ago. Across 7 years it has been between 14.0% and 22.0%. The latest quarter is within that range. Why the margin moved: operating margin changed −4.2 percentage points on the year while gross margin changed −12.5 points. So the drop came mostly from the gross margin, which means input costs and prices charged. ## Is Vidhi Specialty Food Ingredients' profit turning into cash? Over the last 3 years, 84% of Vidhi Specialty Food Ingredients Ltd's reported profit came in as cash from its operations, so the profit is backed by cash. In FY26 it brought in ₹42.0 Cr of operating cash against ₹49.0 Cr of profit. After ₹16.0 Cr of spending on assets, ₹26.0 Cr was left over as free cash. Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year. Why 84% of profit came in as cash: the cash cycle got 79 days longer between FY21 and FY26, so more of each rupee of profit waits in the business before it arrives. What to look at next: the bigger use of cash is spending on new assets, at 2.0× depreciation over three years. The next section checks what that spending is building. ## Where does Vidhi Specialty Food Ingredients' cash go? Vidhi Specialty Food Ingredients Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 238 days in FY26, up from 159 days in FY21. It spent ₹45.0 Cr on assets over the last 3 years. Customers take 137 days to pay, and stock sits for 136 days on average. At FY26 sales of ₹380 Cr, each day of that cycle ties up about ₹1.0 Cr, so roughly ₹248 Cr is tied up in the business at any time. FY26: customers took 137 days to pay and stock sat for 136 days, about 4.5 months of sales sitting as stock, for a full cycle of 238 days, longer than FY21's 159. The full loop: cash goes out to suppliers and production on day 0. Stock sits for 136 days. Customers pay about 137 days after that. Suppliers are paid at 35 days. Together that makes the 238-day cycle. Spending on assets: ₹45.0 Cr over the last 3 years, against ₹23.0 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹4.0 Cr (FY26): assets paid for that are not earning yet. In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns. ## What is Vidhi Specialty Food Ingredients' P/E ratio, and how does it compare with its own history? Vidhi Specialty Food Ingredients Ltd's P/E is 25.4×, near the low end of its own history: it has been lower only 11% of the time. Its usual P/E (the middle reading) is 37.7×, over 6.3 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth. Why the multiple is where it is: over the past year earnings per share moved +12.8% while the price moved −9.4%. Earnings did better than the price, which pulled the multiple down within its own range. Where the price move came from: over 5 years the price moved −2.8% a year; about +6.8% a year came from earnings growth and about −9.6 percentage points from the multiple (the market paying less). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple. In short: the multiple is low against its own past, so the earnings trend underneath matters more than the multiple. ## Is the Vidhi Specialty Food Ingredients business getting better or worse? Vidhi Specialty Food Ingredients Ltd's business is growing steadily. Profit and EPS growth have stayed positive throughout, and ROCE is steady at 24.6%. This is based on 12 quarters of 4 measures. Why it matters: steady growth with healthy returns is how a business compounds over time. ## How much does Vidhi Specialty Food Ingredients earn on its capital? Vidhi Specialty Food Ingredients Ltd earned a ROCE of 19% in FY26. That is up from a low of 17% in FY24. Its return on capital used (ROIC) is 5.1 percentage points above its cost of capital, so growth here adds value, not just size. It comes from a 12.9% net margin and 0.91× asset turnover (sales divided by assets). Why the return is what it is (FY26): a 12.9% net margin × 0.91× asset turnover × 1.28× leverage (assets divided by equity) ≈ 15.0% on equity. The margin does its share; borrowing plays a small part, so this return is earned, not borrowed. The key test, return on capital used minus the cost of capital: 17.1% − 12.0% = +5.1 percentage points. The 12.0% is a standard assumption for the cost of capital in India, not an estimate for this company. Read the sign and size of the gap, not the decimals. A gap this wide means each rupee put back into the business creates more than a rupee of value. The 17.1% ROIC above is the latest reading, as reported. The yearly chart below shows FY26 at 14.5%, and the quarterly chart works out each 12-month window from the quarterly figures, so the readings differ by date, not by method. ## Does Vidhi Specialty Food Ingredients have too much debt? Vidhi Specialty Food Ingredients Ltd has total debt of ₹54.0 Cr against shareholder equity of ₹363 Cr as of Sep 2026, so its debt is 0.15× its equity, which is very little. Year by year, that ratio went from 0.41 in FY22 to 0.18 in FY26. So the returns on this page come from the business, not from borrowed money. ## What is the Vidhi Specialty Food Ingredients shareholding pattern? No group of Vidhi Specialty Food Ingredients Ltd's owners changed its stake by a full percentage point over the last two years. Foreign institutions moved +0.0 points over the same period, to 0.1%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings. Over the last two years: Promoters: +0.0 points over 8 quarters, to 64.3%; Foreign institutions: +0.0 points over 8 quarters, to 0.1%; Domestic institutions: +0.0 points over 8 quarters, to 0.0%. ## How far is Vidhi Specialty Food Ingredients from balance-sheet trouble? For Vidhi Specialty Food Ingredients Ltd, the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date. ## How does Vidhi Specialty Food Ingredients rank in its industry? 55.2 out of 100, rank 4 of 10 in Dyes & Pigments, with 85% of the evidence available. Vidhi Specialty Food Ingredients Ltd scores 55.2 out of 100 against the 10 companies it is compared with in Dyes & Pigments, ranking 4. A strong business with a high valuation: it would need rising earnings, or a lower multiple, to score better on value. The four parts add up to the total exactly: 18.8 + 21.8 + 5.3 + 9.3 = 55.2. This is the same number shown on the industry page; it is worked out once for the whole group and read here. What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector. ## Which companies is Vidhi Specialty Food Ingredients compared with? Vidhi Specialty Food Ingredients ranks 4 of 10 Dyes & Pigments companies on the 4-Factor Sector Score, with 55.2 out of 100. 1. [Bhageria Industries Ltd](https://www.sectoralpha.in/stocks/bhageria-industries-ltd) BHAGERIA · leader · Most evidence points up · 82% evidence 69.7 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 28.5/35 · Revenue 75.8% · Profit 100% · Operating margin change 8 points · 95% evidence Capital efficiency 14.3/25 · ROCE 9.4% · Operating margin 19% · 76% evidence Valuation 9.2/20 · P/E 14× · PEG n/a · 50% evidence Relative strength 17.7/20 · Lead over its industry 45.6% · Lead over NIFTY 500 79% · 1 year 61.8% · 100% evidence · 12 of 12 weeks ahead Exact sum: 28.5 + 14.3 + 9.2 + 17.7 = 69.7 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 2. [Bodal Chemicals Ltd](https://www.sectoralpha.in/stocks/bodal-chemicals-ltd) BODALCHEM · breaking out · Most evidence points up · 89% evidence 68.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 24.5/35 · Revenue 27.6% · Profit 100% · Operating margin change 0 points · 88% evidence Capital efficiency 10.1/25 · ROCE 5.6% · Operating margin 10% · 100% evidence Valuation 14.3/20 · P/E 30.2× · PEG 0.39 · 65% evidence Relative strength 20.0/20 · Lead over its industry 79.6% · Lead over NIFTY 500 114.4% · 1 year 168.5% · 100% evidence · 10 of 12 weeks ahead Exact sum: 24.5 + 10.1 + 14.3 + 20 = 68.9 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 3. [Atul Ltd](https://www.sectoralpha.in/stocks/atul-ltd) ATUL · quiet · Evidence leans up · 100% evidence 57.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 21.8/35 · Revenue 18.1% · Profit 40.5% · Operating margin change -4 points · 100% evidence Capital efficiency 19.3/25 · ROCE 14.9% · Operating margin 13% · 100% evidence Valuation 16.2/20 · P/E 19.2× · PEG 0.47 · 100% evidence Relative strength 0.0/20 · Lead over its industry -35.1% · Lead over NIFTY 500 -16.5% · 1 year -12.7% · 100% evidence · 0 of 12 weeks ahead Exact sum: 21.8 + 19.3 + 16.2 + 0 = 57.3 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 4. Vidhi Specialty Food Ingredients Ltd this page VIDHIING · losing its lead · Evidence leans up · 85% evidence 55.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 18.8/35 · Revenue 34.4% · Profit 22.4% · Operating margin change -5 points · 100% evidence Capital efficiency 21.8/25 · ROCE 18.8% · Operating margin 19% · 100% evidence Valuation 5.3/20 · P/E 25.5× · PEG 2.77 · 100% evidence Relative strength 9.3/20 · Lead over its industry n/a · Lead over NIFTY 500 1.3% · 1 year -9% · 25% evidence · 10 of 12 weeks ahead Exact sum: 18.8 + 21.8 + 5.3 + 9.3 = 55.2 · What this means: A strong business with a high valuation: it would need rising earnings, or a lower multiple, to score better on value. 5. [Ultramarine & Pigments Ltd](https://www.sectoralpha.in/stocks/ultramarine-pigments-ltd) ULTRAMAR · quiet · Evidence leans up · 81% evidence 53.6 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 20.5/35 · Revenue 15.6% · Profit 16.5% · Operating margin change 2 points · 88% evidence Capital efficiency 15.6/25 · ROCE 10.8% · Operating margin 19% · 100% evidence Valuation 9.6/20 · P/E 11.4× · PEG 2.42 · 100% evidence Relative strength 7.9/20 · Lead over its industry n/a · Lead over NIFTY 500 -10.2% · 1 year -22.3% · 25% evidence · 7 of 12 weeks ahead Exact sum: 20.5 + 15.6 + 9.6 + 7.9 = 53.6 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 6. [Kiri Industries Ltd](https://www.sectoralpha.in/stocks/kiri-industries-ltd) KIRIINDUS · breaking out · Evidence leans down · 71% evidence 49.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 20.7/35 · Revenue 25% · Profit 100% · Operating margin change 13 points · 83% evidence Capital efficiency 5.3/25 · ROCE 3.4% · Operating margin 5% · 76% evidence Valuation 11.5/20 · P/E 4.4× · PEG n/a · 15% evidence Relative strength 12.3/20 · Lead over its industry -4.7% · Lead over NIFTY 500 21.4% · 1 year 1% · 100% evidence · 11 of 12 weeks ahead Exact sum: 20.7 + 5.3 + 11.5 + 12.3 = 49.8 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 7. [Sudarshan Colorants India Ltd](https://www.sectoralpha.in/stocks/sudarshan-colorants-india-ltd) SUDARCOLOR · turning · Evidence leans down · 100% evidence 47.4 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 11.2/35 · Revenue 6.3% · Profit -9.8% · Operating margin change 3 points · 100% evidence Capital efficiency 11.9/25 · ROCE 11.4% · Operating margin 13% · 100% evidence Valuation 17.6/20 · P/E 14.5× · PEG 0.47 · 100% evidence Relative strength 6.7/20 · Lead over its industry -20.5% · Lead over NIFTY 500 2% · 1 year -28.3% · 100% evidence · 6 of 12 weeks ahead Exact sum: 11.2 + 11.9 + 17.6 + 6.7 = 47.4 · What this means: The valuation scores well, but earnings are not improving yet, so the business does not back up the low multiple so far. 8. [Sudarshan Chemical Industries Ltd](https://www.sectoralpha.in/stocks/sudarshan-chemical-industries-ltd) SUDARSCHEM · breaking out · Evidence leans down · 81% evidence 44.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 18.6/35 · Revenue 90.2% · Profit 2.3% · Operating margin change 2 points · 88% evidence Capital efficiency 8.4/25 · ROCE 5.5% · Operating margin 10% · 100% evidence Valuation 6.4/20 · P/E 78.1× · PEG 1.29 · 100% evidence Relative strength 11.1/20 · Lead over its industry n/a · Lead over NIFTY 500 5.5% · 1 year -13.7% · 25% evidence · 12 of 12 weeks ahead Exact sum: 18.6 + 8.4 + 6.4 + 11.1 = 44.5 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 9. [Sadhana Nitro Chem Ltd](https://www.sectoralpha.in/stocks/sadhana-nitro-chem-ltd) SADHNANIQ · quiet · Most evidence points down · 71% evidence 32.4 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 12.1/35 · Revenue -24.3% · Profit -80% · Operating margin change 646.8 points · 74% evidence Capital efficiency 4.0/25 · ROCE -11.1% · Operating margin 17.9% · 100% evidence Valuation 10.0/20 · P/E n/a · PEG n/a · 0% evidence Relative strength 6.3/20 · Lead over its industry -16.2% · Lead over NIFTY 500 5% · 1 year 13.1% · 100% evidence · 5 of 12 weeks ahead Exact sum: 12.1 + 4 + 10 + 6.3 = 32.4 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 10. [Indokem Ltd](https://www.sectoralpha.in/stocks/indokem-ltd) INDOKEM · breaking out · Most evidence points down · 64% evidence 29.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 6.8/35 · Revenue -4.5% · Profit -57.5% · Operating margin change 0.5 points · 88% evidence Capital efficiency 3.1/25 · ROCE 5.5% · Operating margin 4.8% · 100% evidence Valuation 8.5/20 · P/E 799× · PEG n/a · 15% evidence Relative strength 11.4/20 · Lead over its industry n/a · Lead over NIFTY 500 8.2% · 1 year -7.2% · 25% evidence · 5 of 5 weeks ahead Exact sum: 6.8 + 3.1 + 8.5 + 11.4 = 29.8 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led NIFTY 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [Dyes & Pigments](https://www.sectoralpha.in/sectors/dyes-pigments), all 10 compared on one page. ## Which companies are close to Vidhi Specialty Food Ingredients in size? Vidhi Specialty Food Ingredients is the 7th largest of 10 Dyes & Pigments companies on Sector Alpha by market value (scores of 30 October 2026). Just above it: Bodal Chemicals, Indokem and Bhageria Industries. Just below it: Ultramarine & Pigments, Sudarshan Colorants India and Sadhana Nitro Chem. ### Dyes & Pigments companies close in size

1. [Bodal Chemicals Ltd](https://www.sectoralpha.in/stocks/bodal-chemicals-ltd) ₹2,072 crore
2. [Indokem Ltd](https://www.sectoralpha.in/stocks/indokem-ltd) ₹1,790 crore
3. [Bhageria Industries Ltd](https://www.sectoralpha.in/stocks/bhageria-industries-ltd) ₹1,582 crore
4. Vidhi Specialty Food Ingredients Ltd ₹1,538 crore
5. [Ultramarine & Pigments Ltd](https://www.sectoralpha.in/stocks/ultramarine-pigments-ltd) ₹1,027 crore
6. [Sudarshan Colorants India Ltd](https://www.sectoralpha.in/stocks/sudarshan-colorants-india-ltd) ₹857 crore
7. [Sadhana Nitro Chem Ltd](https://www.sectoralpha.in/stocks/sadhana-nitro-chem-ltd) ₹682 crore

[All 10 Dyes & Pigments companies, largest first](https://www.sectoralpha.in/sectors/dyes-pigments#all-companies)

### Companies close in size in other industries

1. [JOJO Ltd](https://www.sectoralpha.in/stocks/jojo-ltd) ₹1,539 crore · Pharma - Others
2. [Panorama Studios International Ltd](https://www.sectoralpha.in/stocks/panorama-studios-international-ltd) ₹1,539 crore · Entertainment & Media
3. Vidhi Specialty Food Ingredients Ltd ₹1,538 crore
4. [NDR Auto Components Ltd](https://www.sectoralpha.in/stocks/ndr-auto-components-ltd) ₹1,535 crore · Auto Ancillaries - Diversified
5. [Accent Microcell Ltd](https://www.sectoralpha.in/stocks/accent-microcell-ltd) ₹1,533 crore · Pharma - Formulators

## What else do people ask about Vidhi Specialty Food Ingredients? ### What is Vidhi Specialty Food Ingredients's share price today? Vidhi Specialty Food Ingredients Ltd's share price is ₹306.20, −9.4% over the past year. The whole company is worth ₹1,529 Cr on the market. In the last 52 weeks it traded between ₹263 to ₹375; today it is 39% of the way up from the low, 6.5% below its 200-day average (as of 3 November 2026). ### What were Vidhi Specialty Food Ingredients's latest quarterly results? Vidhi Specialty Food Ingredients Ltd reported revenue of ₹137 Cr and net profit of ₹18.0 Cr for the Sep 2026 quarter. Revenue rose 82.7% and profit rose 63.6% compared with a year earlier. Earnings per share were ₹3.53 (as of 3 November 2026). ### What is Vidhi Specialty Food Ingredients's market cap? Vidhi Specialty Food Ingredients Ltd's market capitalisation is ₹1,529 Cr at a share price of ₹306.20. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 3 November 2026). ### How is Vidhi Specialty Food Ingredients performing? Vidhi Specialty Food Ingredients Ltd's share price has been rising for 7 weeks. In its latest quarter, revenue rose 82.7% and profit rose 63.6% compared with a year earlier. Over the past 13 weeks it has done better than the NIFTY 500, for 18 weeks running (as of 3 November 2026). ### Will Vidhi Specialty Food Ingredients's share price go up? This page does not forecast Vidhi Specialty Food Ingredients Ltd's share price. What it shows instead: the share price is ₹306.20, and it has been rising for 7 weeks. Its P/E of 25.4× is higher than 11% of its own last 6 years (as of 3 November 2026). ### Where is Vidhi Specialty Food Ingredients in its business cycle? Vidhi Specialty Food Ingredients Ltd's FY26 operating margin was 21.0%, against a 7-year range of 14.0% to 22.0%: the middle of its own range, neither a peak nor a low. The latest quarter was 19.0%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 3 November 2026). ### What could break the Vidhi Specialty Food Ingredients story? Biggest thing to watch: the price has already been rising for 7 weeks, so timing is the risk more than the business. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 3 November 2026). ### Is Vidhi Specialty Food Ingredients a stock worth studying right now? What the numbers show: Vidhi Specialty Food Ingredients Ltd's results are improving, while its P/E is near the low end of its own history over 6.3 years, higher than only 11% of past readings. The main open question: the next one or two quarters of results. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 3 November 2026). ### Is there a Vidhi Specialty Food Ingredients share price forecast for 2026? What management itself guided: Dahej full utilisation in FY27 on track. This is research, not advice. We’re not SEBI-registered.