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 ₹ 538 Cr.
- Current Price ₹ 586
- High / Low ₹ 840 / 558
- Stock P/E 24.4
- Book Value ₹ 231
- Dividend Yield 0.68 %
- ROCE 15.2 %
- ROE 10.8 %
- Face Value ₹ 10.0
Pros
- Company has been maintaining a healthy dividend payout of 17.1%
Cons
- Company has a low return on equity of 10.8% 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
Consolidated Figures in Rs. Crores / View Standalone
| Operating Profit |
| OPM % |
| Interest |
| Depreciation |
| Profit before tax |
| Tax % |
| EPS in Rs |
| Raw PDF |
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Dec 2005 | Dec 2006 | Dec 2007 | Dec 2008 | Dec 2009 | |
|---|---|---|---|---|---|
| 310 | 373 | 443 | 514 | 503 | |
| 287 | 351 | 412 | 478 | 461 | |
| Operating Profit | 23 | 22 | 31 | 36 | 42 |
| OPM % | 7% | 6% | 7% | 7% | 8% |
| 5 | 10 | 6 | 5 | 5 | |
| Interest | 4 | 5 | 7 | 6 | 4 |
| Depreciation | 6 | 6 | 7 | 8 | 9 |
| Profit before tax | 18 | 21 | 22 | 28 | 34 |
| Tax % | 32% | 30% | 36% | 35% | 35% |
| 12 | 15 | 14 | 18 | 22 | |
| EPS in Rs | 13.39 | 16.16 | 15.52 | 19.77 | 24.04 |
| Dividend Payout % | 20% | 16% | 17% | 18% | 17% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 11% |
| TTM: | -2% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 21% |
| TTM: | 27% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 0% |
| 5 Years: | 9% |
| 3 Years: | 14% |
| 1 Year: | -18% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 11% |
| Last Year: | 11% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Dec 2005 | Dec 2006 | Dec 2007 | Dec 2008 | Dec 2009 | |
|---|---|---|---|---|---|
| Equity Capital | 7 | 7 | 7 | 9 | 9 |
| Reserves | 100 | 112 | 122 | 186 | 203 |
| 44 | 68 | 21 | 49 | 43 | |
| 79 | 83 | 148 | 98 | 87 | |
| Total Liabilities | 230 | 269 | 298 | 342 | 341 |
| 47 | 54 | 55 | 75 | 73 | |
| CWIP | 3 | 4 | 18 | 6 | 9 |
| Investments | 0 | 0 | 0 | 0 | 0 |
| 180 | 211 | 224 | 261 | 260 | |
| Total Assets | 230 | 269 | 298 | 342 | 341 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Dec 2005 | Dec 2006 | Dec 2007 | Dec 2008 | Dec 2009 | |
|---|---|---|---|---|---|
| 7 | -4 | 40 | -7 | 35 | |
| -9 | -10 | -22 | -14 | -9 | |
| 0 | 15 | -8 | 18 | -15 | |
| Net Cash Flow | -1 | 0 | 10 | -3 | 11 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Dec 2005 | Dec 2006 | Dec 2007 | Dec 2008 | Dec 2009 | |
|---|---|---|---|---|---|
| Debtor Days | 124 | 117 | 104 | 103 | 100 |
| Inventory Days | 77 | 80 | 59 | 70 | 68 |
| Days Payable | 122 | 75 | 72 | 64 | 56 |
| Cash Conversion Cycle | 80 | 122 | 90 | 109 | 112 |
| Working Capital Days | 106 | 116 | 47 | 104 | 106 |
| ROCE % | 14% | 17% | 16% | 15% |
Documents
Announcements
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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.
15h - 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.
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
15 Aug - Copies of Newspaper Advertisement published by the Company in the Newspapers regarding publication of financial results of the Company for quarter and half year ended …
Annual reports
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Financial Year 2024
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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
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Financial Year 2011
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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.