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Vidhi Specialty Food Ingredients Ltd to expand into production of new products

Posted On: 2017-03-16 19:07:48

Vidhi Specialty Food Ingredients Ltd is working on concrete and rather aggressive capex plans that include enhancement of existing product lines, diversification into production of new products developed / to be developed by our in house R&D team along with backward integration for manufacturing of two major raw materials.

The implementation of this capex plan will translate into growth in sales along with healthy margin expansion in terms of EBIDTA. Bringing newer products into the production stream along with backward integration of existing products sooner than later thereby retaining our competitive edge amongst the industry.

Further, Vision 2020 is to be a 500+ manufacturing Turnover Company by end of 2020 with substantially better EBIDTA margins and then from there continue our march towards newer and higher targets of growth in terms of sales and PAT.

Shares of Vidhi Specialty Food Ingredients Ltd was last trading in BSE at Rs.53.95 as compared to the previous close of Rs. 51. The total number of shares traded during the day was 86400 in over 764 trades.

The stock hit an intraday high of Rs. 55 and intraday low of 50. The net turnover during the day was Rs. 4613322.

Source: Equity Bulls

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