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 ₹ 475 Cr.
- Current Price ₹ 518
- High / Low ₹ 699 / 450
- Stock P/E 22.9
- Book Value ₹ 467
- Dividend Yield 0.58 %
- ROCE 6.42 %
- ROE 4.51 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Stock is trading at 1.11 times its book value
Cons
- The company has delivered a poor sales growth of 7.95% over past five years.
- Company has a low return on equity of 2.93% 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 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 722 | 750 | 707 | 738 | 838 | 791 | 608 | 745 | 872 | 829 | 882 | 892 | 922 | |
| 723 | 691 | 665 | 726 | 839 | 771 | 586 | 722 | 851 | 819 | 845 | 852 | 881 | |
| Operating Profit | -1 | 59 | 42 | 12 | -1 | 20 | 23 | 23 | 21 | 10 | 36 | 40 | 42 |
| OPM % | -0% | 8% | 6% | 2% | -0% | 3% | 4% | 3% | 2% | 1% | 4% | 4% | 5% |
| -20 | 4 | 6 | -9 | 15 | 13 | 105 | 10 | 41 | -16 | 10 | 4 | 4 | |
| Interest | 6 | 5 | 2 | 3 | 6 | 5 | 2 | 1 | 4 | 4 | 2 | 1 | 1 |
| Depreciation | 13 | 17 | 15 | 16 | 13 | 11 | 15 | 14 | 13 | 18 | 19 | 18 | 19 |
| Profit before tax | -39 | 40 | 31 | -16 | -6 | 17 | 111 | 17 | 44 | -28 | 26 | 24 | 26 |
| Tax % | -21% | 26% | 26% | -25% | 58% | -6% | 23% | 26% | 8% | -20% | 25% | 27% | |
| -31 | 30 | 23 | -12 | -9 | 18 | 86 | 12 | 41 | -23 | 20 | 17 | 19 | |
| EPS in Rs | -33.65 | 32.37 | 24.88 | -12.84 | -10.15 | 20.10 | 93.58 | 13.50 | 44.65 | -24.71 | 21.29 | 18.93 | 20.74 |
| Dividend Payout % | 0% | 12% | 16% | 0% | 0% | 22% | 6% | 37% | 4% | 0% | 19% | 16% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 2% |
| 5 Years: | 8% |
| 3 Years: | 1% |
| TTM: | 3% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | -6% |
| 5 Years: | 13% |
| 3 Years: | 22% |
| TTM: | 19% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | -1% |
| 5 Years: | 5% |
| 3 Years: | 9% |
| 1 Year: | -19% |
| Return on Equity | |
|---|---|
| 10 Years: | 3% |
| 5 Years: | 3% |
| 3 Years: | 3% |
| Last Year: | 5% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 |
| Reserves | 251 | 275 | 293 | 281 | 271 | 289 | 370 | 377 | 413 | 387 | 406 | 419 |
| 35 | 2 | 0 | 35 | 51 | 35 | 6 | 5 | 24 | 20 | 3 | 4 | |
| 139 | 122 | 143 | 167 | 273 | 136 | 144 | 220 | 203 | 165 | 169 | 198 | |
| Total Liabilities | 435 | 408 | 445 | 492 | 603 | 469 | 529 | 611 | 649 | 581 | 587 | 630 |
| 87 | 71 | 69 | 54 | 57 | 59 | 79 | 76 | 88 | 143 | 141 | 138 | |
| CWIP | 2 | 2 | 4 | 7 | 3 | 1 | 1 | 9 | 77 | 15 | 4 | 1 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 346 | 335 | 372 | 431 | 543 | 408 | 449 | 526 | 484 | 423 | 442 | 491 | |
| Total Assets | 435 | 408 | 445 | 492 | 603 | 469 | 529 | 611 | 649 | 581 | 587 | 630 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2 | 42 | 46 | -13 | -9 | 58 | 24 | -7 | 37 | 5 | 16 | 43 | |
| -10 | -5 | -15 | -3 | -22 | -37 | 38 | 56 | -34 | -30 | -6 | -10 | |
| 1 | -37 | -10 | 28 | 12 | -22 | -44 | -9 | -8 | 5 | -18 | -7 | |
| Net Cash Flow | -6 | 0 | 21 | 12 | -19 | 0 | 18 | 40 | -6 | -20 | -8 | 25 |
| Free Cash Flow | -8 | 37 | 31 | -16 | -16 | 3 | 18 | -13 | 2 | -26 | 10 | 32 |
| CFO/OP | -81% | 88% | 139% | -102% | 751% | 298% | 202% | 12% | 200% | 73% | 43% | 124% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 102 | 100 | 101 | 109 | 107 | 93 | 109 | 114 | 105 | 97 | 100 | 108 |
| Inventory Days | 73 | 70 | 87 | 81 | 78 | 62 | 88 | 99 | 59 | 61 | 66 | 70 |
| Days Payable | 70 | 57 | 68 | 90 | 107 | 70 | 96 | 126 | 82 | 68 | 66 | 81 |
| Cash Conversion Cycle | 105 | 114 | 120 | 99 | 77 | 85 | 101 | 88 | 82 | 90 | 99 | 97 |
| Working Capital Days | 87 | 101 | 105 | 89 | 68 | 87 | 106 | 103 | 82 | 75 | 90 | 87 |
| ROCE % | -4% | 16% | 11% | -0% | -0% | 7% | 4% | 5% | 4% | -1% | 6% | 6% |
Insights
In beta| Dec 2014 | Dec 2015 | Dec 2016 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | |
|---|---|---|---|---|---|---|---|---|
| Total Recordable Incident Rate (TRIR) Rate |
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Extracted by Screener AI
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Newspaper Publication
15 May - Copies of newspaper advertisement published in Business Standards and Aajkal on May 15, 2026 regarding publication of financial results of the Company for the quarter …
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Announcement under Regulation 30 (LODR)-Change in RTA
14 May - CB Management Services merged into MUFG Intime; MUFG Intime becomes DIC India’s RTA from May 8, 2026.
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Unaudited Quarterly Financial Results For The Quarter Ended March, 2026
13 May - Board approved unaudited Q4 FY2026 results; revenue Rs 242.5 crore, profit Rs 42.4 crore.
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Board Meeting Outcome for Outcome Of Board Meeting Held On May 13, 2026
13 May - DIC India approved Q4 FY2026 results; revenue Rs 240.6 crore, PAT Rs 4.24 crore.
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Board Meeting Intimation for Intimation For Board Meeting To Be Held On 13Th May, 2026
6 May - Board meeting on May 13, 2026 to approve Q4 FY2026 unaudited results.
Annual reports
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Financial Year 2025
from bse
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Financial Year 2024
from bse
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Financial Year 2023
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Financial Year 2022
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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
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
from bse
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Financial Year 2011
from bse
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.