DIC India Ltd
Incorporated in 1947, DIC India Ltd is in the business of manufacturing Printing Inks, and also provides Lamination Adhesive[1]
- Market Cap ₹ 531 Cr.
- Current Price ₹ 578
- High / Low ₹ 840 / 558
- Stock P/E 34.1
- Book Value ₹ 456
- Dividend Yield 0.69 %
- ROCE 6.43 %
- ROE 4.66 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is almost debt free.
Cons
- The company has delivered a poor sales growth of 2.19% over past five years.
- Company has a low return on equity of 2.28% over last 3 years.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Commodities Chemicals Chemicals & Petrochemicals Printing Inks
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
712 | 722 | 750 | 707 | 738 | 838 | 791 | 608 | 745 | 872 | 829 | 882 | 877 | |
684 | 723 | 691 | 665 | 726 | 839 | 771 | 586 | 722 | 851 | 819 | 845 | 844 | |
Operating Profit | 28 | -1 | 59 | 42 | 12 | -1 | 20 | 23 | 23 | 21 | 10 | 36 | 33 |
OPM % | 4% | -0% | 8% | 6% | 2% | -0% | 3% | 4% | 3% | 2% | 1% | 4% | 4% |
1 | -20 | 4 | 6 | -9 | 15 | 13 | 105 | 10 | 41 | -16 | 10 | 10 | |
Interest | 4 | 6 | 5 | 2 | 3 | 6 | 5 | 2 | 1 | 4 | 4 | 2 | 2 |
Depreciation | 12 | 13 | 17 | 15 | 16 | 13 | 11 | 15 | 14 | 13 | 18 | 19 | 18 |
Profit before tax | 12 | -39 | 40 | 31 | -16 | -6 | 17 | 111 | 17 | 44 | -28 | 26 | 23 |
Tax % | -4% | -21% | 26% | 26% | -25% | 58% | -6% | 23% | 26% | 8% | -20% | 25% | |
13 | -31 | 30 | 23 | -12 | -9 | 18 | 86 | 12 | 41 | -23 | 20 | 16 | |
EPS in Rs | 13.66 | -33.65 | 32.37 | 24.88 | -12.84 | -10.15 | 20.10 | 93.58 | 13.50 | 44.65 | -24.71 | 21.29 | 17.52 |
Dividend Payout % | 29% | 0% | 12% | 16% | 0% | 0% | 22% | 6% | 37% | 4% | 0% | 19% |
Compounded Sales Growth | |
---|---|
10 Years: | 2% |
5 Years: | 2% |
3 Years: | 6% |
TTM: | 2% |
Compounded Profit Growth | |
---|---|
10 Years: | 15% |
5 Years: | 1% |
3 Years: | 15% |
TTM: | 20% |
Stock Price CAGR | |
---|---|
10 Years: | 0% |
5 Years: | 9% |
3 Years: | 15% |
1 Year: | -21% |
Return on Equity | |
---|---|
10 Years: | 3% |
5 Years: | 3% |
3 Years: | 2% |
Last Year: | 5% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Jun 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 |
Reserves | 282 | 251 | 275 | 293 | 281 | 271 | 289 | 370 | 377 | 413 | 387 | 406 | 409 |
23 | 35 | 2 | 0 | 35 | 51 | 35 | 6 | 5 | 24 | 20 | 3 | 4 | |
133 | 139 | 122 | 143 | 167 | 273 | 136 | 144 | 220 | 203 | 165 | 169 | 190 | |
Total Liabilities | 447 | 435 | 408 | 445 | 492 | 603 | 469 | 529 | 611 | 649 | 581 | 587 | 613 |
97 | 87 | 71 | 69 | 54 | 57 | 59 | 79 | 76 | 88 | 143 | 141 | 136 | |
CWIP | 1 | 2 | 2 | 4 | 7 | 3 | 1 | 1 | 9 | 77 | 15 | 4 | 5 |
Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
350 | 346 | 335 | 372 | 431 | 543 | 408 | 449 | 526 | 484 | 423 | 442 | 471 | |
Total Assets | 447 | 435 | 408 | 445 | 492 | 603 | 469 | 529 | 611 | 649 | 581 | 587 | 613 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
33 | 2 | 42 | 46 | -13 | -9 | 58 | 24 | -7 | 37 | 5 | 16 | |
-12 | -10 | -5 | -15 | -3 | -22 | -37 | 38 | 56 | -34 | -30 | -6 | |
-20 | 1 | -37 | -10 | 28 | 12 | -22 | -44 | -9 | -8 | 5 | -18 | |
Net Cash Flow | 1 | -6 | 0 | 21 | 12 | -19 | 0 | 18 | 40 | -6 | -20 | -8 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 104 | 102 | 100 | 101 | 109 | 107 | 93 | 109 | 114 | 105 | 97 | 100 |
Inventory Days | 74 | 73 | 70 | 87 | 81 | 78 | 62 | 88 | 99 | 59 | 61 | 66 |
Days Payable | 60 | 70 | 57 | 68 | 90 | 107 | 70 | 96 | 126 | 82 | 68 | 66 |
Cash Conversion Cycle | 118 | 105 | 114 | 120 | 99 | 77 | 85 | 101 | 88 | 82 | 90 | 99 |
Working Capital Days | 100 | 87 | 101 | 105 | 89 | 68 | 87 | 106 | 103 | 82 | 75 | 91 |
ROCE % | 5% | -4% | 16% | 11% | -0% | -0% | 7% | 4% | 5% | 4% | -1% | 6% |
Documents
Announcements
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Shareholder Meeting / Postal Ballot-Notice of Postal Ballot
14h - Postal ballot to appoint Navapol Chuensiri as non-exec non-independent director; e-voting Sep15–Oct14,2025; appointed Aug13,2025.
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Disclosure Under Para A Of Part A Of Regulation 30 Of SEBI (LODR) Regulations, 2015 In The Matter Of Order Passed By The Income Tax Department.
30 Aug - IT order (Aug 29, 2025) reduces tax demand to INR 3,36,723 from INR 64,07,051 for FY2019-20.
-
Announcement Under Regulation 30 Para B Of Part A For Update On Tax Litigation
26 Aug - Kolkata HC dismissed Income Tax appeal; ITAT order favourable to DIC for AY2014-15 (order received Aug 25, 2025).
- Newspaper Publication Regarding (I) Opening Of Special Window For Physical Shareholders To Submit Re-Lodgment Request For Transfer Of Shares; And (Ii) Request To Shareholders To Make Application To Claim Unclaimed Dividend 21 Aug
-
Announcement Under Regulation 30 For Update On An Ongoing Arbitration Matter
21 Aug - Interim Award (20 Aug 2025): ₹2,08,90,357 awarded plus 18% and 6% interest.
Annual reports
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Financial Year 2024
from bse
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Financial Year 2023
from bse
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Financial Year 2022
from bse
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
from bse
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
from bse
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Financial Year 2010
from nse
Business Overview:[1]
DIC India Ltd (formerly, Coates of India Ltd) manufactures printing ink, including newsprint ink, offset ink, liquid ink, Flexographic inks, and lamination adhesives used in the newspaper, publishing, and packaging industries. Company also introduced flexi-packaging toluene free ink in FY23.