DIC India Ltd

DIC India Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

DIC India Ltd

₹ 470 0.13%
26 Apr - close price
dicindialtd.co BSE: 500089 NSE : DICIND
About

Incorporated in 1947, DIC India Ltd is in the business of manufacturing Printing Inks, and also provides Lamination Adhesive[1]

Key Points

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.

Website BSE NSE
  • Market Cap ₹ 433 Cr.
  • Current Price ₹ 470
  • High / Low ₹ 555 / 381
  • Stock P/E 390
  • Book Value ₹ 432
  • Dividend Yield 0.43 %
  • ROCE -0.07 %
  • ROE 0.27 %
  • Face Value ₹ 10.0
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Pros

  • Company is almost debt free.
  • Stock is trading at 1.09 times its book value

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -0.22% over past five years.
  • Company has a low return on equity of 2.01% over last 3 years.
  • Dividend payout has been low at 13.8% of profits over last 3 years
  • Company's cost of borrowing seems high

* 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

Sector: Chemicals Industry: Chemicals

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
153.25 164.16 173.43 164.61 187.21 219.58 200.51 216.58 231.64 199.36 207.69 216.67 205.13
147.18 156.14 167.61 159.87 182.55 211.89 195.80 212.79 224.93 196.44 205.82 212.19 204.68
Operating Profit 6.07 8.02 5.82 4.74 4.66 7.69 4.71 3.79 6.71 2.92 1.87 4.48 0.45
OPM % 3.96% 4.89% 3.36% 2.88% 2.49% 3.50% 2.35% 1.75% 2.90% 1.46% 0.90% 2.07% 0.22%
2.41 2.49 4.00 1.20 2.91 1.42 2.02 34.06 2.10 3.16 1.28 -16.54 -3.50
Interest 0.36 0.33 0.44 0.33 0.25 0.35 0.42 0.38 0.83 1.17 1.31 1.13 0.54
Depreciation 3.61 3.41 3.28 3.21 3.22 4.60 3.20 3.14 3.29 3.63 4.97 5.01 4.60
Profit before tax 4.51 6.77 6.10 2.40 4.10 4.16 3.11 34.33 4.69 1.28 -3.13 -18.20 -8.19
Tax % 25.72% 25.11% 26.07% 26.25% 25.61% 26.68% 26.37% 0.96% 34.33% 28.91% 18.21% 24.01% 12.21%
3.35 5.07 4.51 1.77 3.05 3.05 2.29 33.99 3.07 0.91 -2.57 -13.83 -7.18
EPS in Rs 3.65 5.52 4.91 1.93 3.32 3.32 2.49 37.03 3.34 0.99 -2.80 -15.07 -7.82
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Dec 2012 Dec 2013 Dec 2014 Dec 2015 Dec 2016 Dec 2017 Dec 2018 Dec 2019 Dec 2020 Dec 2021 Dec 2022 Dec 2023
716 712 722 750 707 738 838 791 608 745 872 829
669 684 723 691 665 726 839 771 586 722 851 819
Operating Profit 47 28 -1 59 42 12 -1 20 23 23 21 10
OPM % 7% 4% -0% 8% 6% 2% -0% 3% 4% 3% 2% 1%
0 1 -20 4 6 -9 15 13 105 10 41 -16
Interest 5 4 6 5 2 3 6 5 2 1 4 4
Depreciation 10 12 13 17 15 16 13 11 15 14 13 18
Profit before tax 31 12 -39 40 31 -16 -6 17 111 17 44 -28
Tax % 32% -4% 21% 26% 26% 25% -58% -6% 23% 26% 8% 20%
22 13 -31 30 23 -12 -9 18 86 12 41 -23
EPS in Rs 23.42 13.66 -33.65 32.37 24.88 -12.84 -10.15 20.10 93.58 13.50 44.65 -24.71
Dividend Payout % 17% 29% 0% 12% 16% 0% 0% 22% 6% 37% 4% 0%
Compounded Sales Growth
10 Years: 2%
5 Years: 0%
3 Years: 11%
TTM: -5%
Compounded Profit Growth
10 Years: -22%
5 Years: 16%
3 Years: -53%
TTM: -89%
Stock Price CAGR
10 Years: 1%
5 Years: 6%
3 Years: 6%
1 Year: 13%
Return on Equity
10 Years: 3%
5 Years: 3%
3 Years: 2%
Last Year: 0%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Dec 2012 Dec 2013 Dec 2014 Dec 2015 Dec 2016 Dec 2017 Dec 2018 Dec 2019 Dec 2020 Dec 2021 Dec 2022 Dec 2023
Equity Capital 9 9 9 9 9 9 9 9 9 9 9 9
Reserves 274 282 251 275 293 281 271 289 370 377 413 387
34 23 35 2 0 35 51 35 6 5 24 20
138 133 139 122 143 167 273 136 144 220 203 165
Total Liabilities 455 447 435 408 445 492 603 469 529 611 649 581
95 97 87 71 69 54 57 59 79 76 88 143
CWIP 7 1 2 2 4 7 3 1 1 9 77 15
Investments 0 0 0 0 0 0 0 0 0 0 0 0
353 350 346 335 372 431 543 408 449 526 484 423
Total Assets 455 447 435 408 445 492 603 469 529 611 649 581

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Dec 2012 Dec 2013 Dec 2014 Dec 2015 Dec 2016 Dec 2017 Dec 2018 Dec 2019 Dec 2020 Dec 2021 Dec 2022 Dec 2023
3 33 2 42 46 -13 -9 58 24 -7 37 5
-14 -12 -10 -5 -15 -3 -22 -37 38 56 -34 -30
2 -20 1 -37 -10 28 12 -22 -44 -9 -8 5
Net Cash Flow -9 1 -6 0 21 12 -19 0 18 40 -6 -20

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Dec 2012 Dec 2013 Dec 2014 Dec 2015 Dec 2016 Dec 2017 Dec 2018 Dec 2019 Dec 2020 Dec 2021 Dec 2022 Dec 2023
Debtor Days 103 104 102 100 101 109 107 93 109 114 105 97
Inventory Days 84 74 73 70 87 81 78 62 88 99 59 61
Days Payable 59 60 70 57 68 90 107 70 96 126 91 68
Cash Conversion Cycle 128 118 105 114 120 99 77 85 101 88 73 90
Working Capital Days 111 112 104 102 105 106 91 104 108 104 83 83
ROCE % 12% 5% -4% 16% 11% -0% -0% 7% 4% 5% 4%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
71.75% 71.75% 71.75% 71.75% 71.75% 71.75% 71.75% 71.75% 71.75% 71.75% 71.75% 71.75%
28.24% 28.24% 28.24% 28.24% 28.24% 28.24% 28.25% 28.24% 28.24% 28.25% 28.26% 28.25%
No. of Shareholders 8,6928,3348,1428,2398,2397,7487,5887,5907,4807,1557,0636,918

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