VIDHI SPECIALTY FOOD INGREDIENTS 2020-21 Annual Report Analysis

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks

MEMBER'S LOGINX

     
Login Failure
   
     
   
     
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

VIDHI SPECIALTY FOOD INGREDIENTS 2020-21 Annual Report Analysis
Tue, 2 Nov

VIDHI SPECIALTY FOOD INGREDIENTS has announced its results for the year ended March 2021. Let us have a look at the detailed performance review of the company during FY20-21.

VIDHI SPECIALTY FOOD INGREDIENTS Income Statement Analysis

  • Operating income during the year rose 18.6% on a year-on-year (YoY) basis.
  • The company's operating profit increased by 4.2% YoY during the fiscal. Operating profit margins witnessed a fall and stood at 19.7% in FY21 as against 22.5% in FY20.
  • Depreciation charges decreased by 1.8% and finance costs decreased by 44.7% YoY, respectively.
  • Other income grew by 117.3% YoY.
  • Net profit for the year grew by 7.8% YoY.
  • Net profit margins during the year declined from 15.1% in FY20 to 13.6% in FY21.

VIDHI SPECIALTY FOOD INGREDIENTS Income Statement 2020-21

No. of Mths Year Ending 12 Mar-20* 12 Mar-21* % Change
Net Sales Rs m 2,246 2,664 18.6%
Other income Rs m 7 16 117.3%
Total Revenues Rs m 2,253 2,680 18.9%
Gross profit Rs m 504 526 4.2%
Depreciation Rs m 30 29 -1.8%
Interest Rs m 30 17 -44.7%
Profit before tax Rs m 452 496 9.7%
Tax Rs m 113 130 15.5%
Profit after tax Rs m 339 366 7.8%
Gross profit margin % 22.5 19.7
Effective tax rate % 24.9 26.2
Net profit margin % 15.1 13.6
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



Lazy Millionaire: The Master Key to Potentially Double Money EVERY 4 Years

VIDHI SPECIALTY FOOD INGREDIENTS Balance Sheet Analysis

  • The company's current liabilities during FY21 stood at Rs 718 million as compared to Rs 647 million in FY20, thereby witnessing an increase of 10.9%.
  • Long-term debt stood at Rs 19 million as compared to Rs 13 million during FY20, a growth of 45.1%.
  • Current assets rose 26% and stood at Rs 2 billion, while fixed assets rose 1% and stood at Rs 464 million in FY21.
  • Overall, the total assets and liabilities for FY21 stood at Rs 2 billion as against Rs 2 billion during FY20, thereby witnessing a growth of 20%.

VIDHI SPECIALTY FOOD INGREDIENTS Balance Sheet as on March 2021

No. of Mths Year Ending 12 Mar-20* 12 Mar-21* % Change
Networth Rs m 1,287 1,613 25.3
 
Current Liabilities Rs m 647 718 10.9
Long-term Debt Rs m 13 19 45.1
Total Liabilities Rs m 1,974 2,374 20.3
 
Current assets Rs m 1,513 1,910 26.2
Fixed Assets Rs m 461 464 0.8
Total Assets Rs m 1,974 2,374 20.3
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



VIDHI SPECIALTY FOOD INGREDIENTS Cash Flow Statement Analysis

  • VIDHI SPECIALTY FOOD INGREDIENTS's cash flow from operating activities (CFO) during FY21 stood at Rs 112 million on a YoY basis.
  • Cash flow from investing activities (CFI) during FY21 stood at Rs -28 million on a YoY basis.
  • Cash flow from financial activities (CFF) during FY21 stood at Rs -79 million, an improvement of 67% on a YoY basis.
  • Overall, net cash flows for the company during FY21 stood at Rs 5 million from the Rs -84 million net cash flows seen during FY20.

VIDHI SPECIALTY FOOD INGREDIENTS Cash Flow Statement 2020-21

Particulars No. of months 12 12 % Change
Year Ending Mar-20 Mar-21
Cash Flow from Operating Activities Rs m 277 112 -59.7%
Cash Flow from Investing Activities Rs m -121 -28 -
Cash Flow from Financing Activities Rs m -241 -79 -
Net Cash Flow Rs m -84 5 -
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



Current Valuations for VIDHI SPECIALTY FOOD INGREDIENTS

  • The trailing twelve-month earnings per share (EPS) of the company stands at Rs 7.3, an improvement from the EPS of Rs 6.8 recorded last year.
  • The price to earnings (P/E) ratio, at the current price of Rs 356.5, stands at 41.2 times its trailing twelve months earnings.
  • The price to book value (P/BV) ratio at current price levels stands at 4.0 times, while the price to sales ratio stands at 2.5 times.
  • The company's price to cash flow (P/CF) ratio stood at 45.1 times its end-of-year operating cash flow earnings.

Per Share Data/Valuations

No. of Mths Year Ending 12 Mar-20* 12 Mar-21*
Sales per share (Unadj.) Rs 45.0 53.3
TTM Earnings per share Rs 6.8 7.3
Diluted earnings per share Rs 6.8 7.3
Price to Cash Flow x 48.2 45.1
TTM P/E ratio x 41.2 41.2
Price / Book Value ratio x 2.4 4.0
Market Cap Rs m 17,803 17,803
Dividends per share (Unadj.) Rs 1.0 0.8
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



Ratio Analysis for VIDHI SPECIALTY FOOD INGREDIENTS

  • Solvency Ratios
  • Current Ratio: The company's current ratio improved and stood at 2.7x during FY21, from 2.3x during FY20. The current ratio measures the company's ability to pay short-term and long-term obligations.

    Interest Coverage Ratio: The company's interest coverage ratio improved and stood at 30.8x during FY21, from 16.0x during FY20. The interest coverage ratio of a company states how easily a company can pay its interest expense on outstanding debt. A higher ratio is preferable.

  • Profitability Ratios
  • Return on Equity (ROE): The ROE for the company declined and down at 22.7% during FY21, from 26.4% during FY21. The ROE measures the ability of a firm to generate profits from its shareholders capital in the company.

    Return on Capital Employed (ROCE): The ROCE for the company declined and down at 31.4% during FY21, from 37.1% during FY20. The ROCE measures the ability of a firm to generate profits from its total capital (shareholder capital plus debt capital) employed in the company.

    Return on Assets (ROA): The ROA of the company declined and down at 16.1% during FY21, from 18.7% during FY20. The ROA measures how efficiently the company uses its assets to generate earnings.

Key Ratio Analysis

No. of Mths Year Ending 12 Mar-20* 12 Mar-21*
Current ratio x 2.3 2.7
Debtors’ Days Days 1,241 1,296
Interest coverage x 16.0 30.8
Debt to equity ratio x 0.0 0.0
Return on assets % 18.7 16.1
Return on equity % 26.4 22.7
Return on capital employed % 37.1 31.4
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



To see how VIDHI SPECIALTY FOOD INGREDIENTS has performed over the last 5 years, please visit here.

VIDHI SPECIALTY FOOD INGREDIENTS Share Price Performance

Over the last one year, VIDHI SPECIALTY FOOD INGREDIENTS share price has moved up from Rs 128.7 to Rs 356.5, registering a gain of Rs 227.8 or around 177.1%.

Overall, the S&P BSE SENSEX is up 51.0% over the year.

(To know more, check out historical annual results for VIDHI SPECIALTY FOOD INGREDIENTS and quarterly results for VIDHI SPECIALTY FOOD INGREDIENTS)

Equitymaster requests your view! Post a comment on "VIDHI SPECIALTY FOOD INGREDIENTS 2020-21 Annual Report Analysis". Click here!

  

Related Views on News

Sorry! There are no related views on news for this company/sector.

Most Popular

India's Best Semiconductor Stocks(Views On News)

Jan 7, 2022

Modern wars are fought with semiconductors. India's best semiconductor stocks have big tailwinds from defence and manufacturing.

10 Indian Companies with the Fastest Growth in Dividend Payouts...(Views On News)

Jan 10, 2022

These companies have been consistently paying higher dividends for several years.

Tata Steel vs SAIL: Which Stock is Better?(Views On News)

Jan 13, 2022

With government initiatives set to boost the steel sector, find out who has a better chance of coming out on top.

Looking for Consistent Compounding Stocks? Here's a Watchlist for You(Views On News)

Jan 6, 2022

These companies have generated mind boggling returns for investors over the years.

Watch Out for these 4 Indian Companies Betting Big on EV Supply Chain(Views On News)

Jan 11, 2022

The upside in supply chain players could be huge but a delay in the transition to EVs, or any policy related hiccups could end the momentum.

More

Become A Smarter Investor
In Just 5 Minutes

Multibagger Stock Guide 2022
Get our special report Multibagger Stocks Guide (2022 Edition) Now!
We will never sell or rent your email id.
Please read our Terms

TRACK VIDHI SPECIALTY FOOD INGREDIENTS

  • Track your investment in VIDHI SPECIALTY FOOD INGREDIENTS with Equitymaster's Portfolio Tracker. Set live price alerts, get research alerts and more. Get access now...
  • Add To MyStocks

MORE ON VIDHI SPECIALTY FOOD INGREDIENTS

VIDHI SPECIALTY FOOD INGREDIENTS - DYNAMIC IND. COMPARISON

COMPARE VIDHI SPECIALTY FOOD INGREDIENTS WITH

MARKET STATS