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 ₹ 502 Cr.
- Current Price ₹ 547
- High / Low ₹ 840 / 496
- Stock P/E 32.3
- Book Value ₹ 456
- Dividend Yield 0.73 %
- 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: | -2% |
5 Years: | 8% |
3 Years: | 10% |
1 Year: | -25% |
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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Announcement under Regulation 30 (LODR)-Newspaper Publication
1d - Copies of the Newspaper Advertisement published by the Company in Business Standards and Aajkal regarding opening of Special Window for physical shareholders to submit re-lodgement …
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
2d - Depositories and Participants) Regulations, please find enclosed herewith certificate received from registrar and share transfer agent of the Company for the quarter ended September 30, …
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Receipt Of Show Cause Notice
29 Sep - Received Sept 29, 2025 show‑cause: alleged non-payment of GST ₹3,83,47,078 and interest ₹2,87,60,309 (FY2021-22).
-
Closure of Trading Window
25 Sep - Trading window closed Oct 1, 2025 until 48 hours after Q3 (Sept 30, 2025) results disclosure.
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Announcement under Regulation 30 (LODR)-Credit Rating
23 Sep - CRISIL reaffirmed DIC India long-term A/Stable on Rs59.09Cr bank loan and short-term A1 on Rs50Cr debt.
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
from bse
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Financial Year 2020
from bse
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Financial Year 2019
from bse
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Financial Year 2018
from bse
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Financial Year 2017
from bse
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Financial Year 2016
from bse
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Financial Year 2015
from bse
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Financial Year 2014
from bse
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Financial Year 2013
from bse
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Financial Year 2012
from bse
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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.