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DIC India Overview

DIC India Ltd engages within the manufacture and sale of printing inks in India. It operates in two segments, Printing Inks and Lamination Adhesives. The corporation offers news, offset, gravure, flexographic, and speciality inks; lamination adhesives; packaging solutions; and UV inks and coating products. It serves conversion agents, printing and packaging, newspapers, and magazines, industries. The company was formerly referred as Coates of India Ltd and modified its name to DIC India Ltd in August 2004. DIC India Ltd was incorporated in 1937...Read More

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DIC India Key Financials

Market Cap ₹493 Cr.

Stock P/E 28.4

P/B 1.2

Current Price ₹537.2

Book Value ₹ 467

Face Value 10

52W High ₹739.9

Dividend Yield 0.56%

52W Low ₹ 452

DIC India Share Price

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Volume
Price

DIC India Quarterly Price

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DIC India Peer Comparison

DIC India Quarterly Results

#(Fig in Cr.) Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Net Sales 217 205 199 243 221 219 210 226 223 232
Other Income 1 2 1 2 2 5 1 1 1 2
Total Income 218 208 200 245 223 224 212 228 224 234
Total Expenditure 212 205 190 231 214 210 203 217 211 220
Operating Profit 6 3 10 14 9 14 8 11 13 14
Interest 1 1 0 0 0 1 0 0 0 0
Depreciation 5 5 5 5 5 5 4 4 5 5
Exceptional Income / Expenses -18 -6 0 0 0 1 0 0 0 -2
Profit Before Tax -18 -8 4 8 4 9 4 6 8 6
Provision for Tax -4 -1 0 2 2 2 1 2 2 2
Profit After Tax -14 -7 4 6 2 7 3 4 6 5
Adjustments 0 0 0 -0 -0 0 0 0 0 -0
Profit After Adjustments -14 -7 4 6 2 7 3 4 6 5
Adjusted Earnings Per Share -15.1 -7.8 4.6 6.8 2.2 7.8 2.8 4.8 6.4 5

DIC India Profit & Loss

#(Fig in Cr.) Dec 2015 Dec 2016 Dec 2017 Dec 2018 Dec 2019 Dec 2020 Dec 2021 Dec 2022 Dec 2023 Dec 2024 Dec 2025 TTM
Net Sales 750 707 738 838 791 608 745 872 829 882 892 891
Other Income 5 7 3 15 13 7 10 8 8 10 6 5
Total Income 754 714 741 853 804 616 754 880 837 891 898 898
Total Expenditure 692 666 726 839 771 586 722 852 819 845 852 851
Operating Profit 63 48 15 13 33 30 32 28 18 46 46 46
Interest 5 2 3 6 5 2 1 4 4 2 1 0
Depreciation 17 15 16 13 11 15 14 13 18 19 18 18
Exceptional Income / Expenses 0 0 -12 0 0 98 0 33 -24 1 -2 -2
Profit Before Tax 40 31 -16 -6 17 111 17 44 -28 26 24 24
Provision for Tax 11 8 -4 3 -1 25 4 3 -6 6 6 7
Profit After Tax 30 23 -12 -9 18 86 12 41 -23 20 17 18
Adjustments 0 0 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments 30 23 -12 -9 18 86 12 41 -23 20 17 18
Adjusted Earnings Per Share 32.4 24.9 -12.8 -10.2 20.1 93.6 13.5 44.6 -24.7 21.3 18.9 19

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 1% 1% 8% 2%
Operating Profit CAGR 0% 18% 9% -3%
PAT CAGR -15% -25% -28% -6%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR -22% 9% 6% -2%
ROE Average 4% 1% 3% 5%
ROCE Average 6% 2% 5% 8%

DIC India Balance Sheet

#(Fig in Cr.) Dec 2015 Dec 2016 Dec 2017 Dec 2018 Dec 2019 Dec 2020 Dec 2021 Dec 2022 Dec 2023 Dec 2024 Dec 2025
Shareholder's Funds 284 302 290 280 298 379 386 422 396 415 429
Minority's Interest 0 0 0 0 0 0 0 0 0 0 0
Borrowings 0 0 0 0 0 0 0 0 0 0 0
Other Non-Current Liabilities 1 0 65 52 32 25 34 64 39 42 54
Total Current Liabilities 181 208 198 335 182 182 259 203 178 168 195
Total Liabilities 466 511 553 667 512 587 679 690 614 626 677
Fixed Assets 71 69 54 57 59 79 76 88 143 141 138
Other Non-Current Assets 6 8 87 86 66 56 60 137 74 58 67
Total Current Assets 389 434 412 524 367 452 543 465 397 426 472
Total Assets 466 511 553 667 512 587 679 690 614 626 677

DIC India Cash Flow

#(Fig in Cr.) Dec 2015 Dec 2016 Dec 2017 Dec 2018 Dec 2019 Dec 2020 Dec 2021 Dec 2022 Dec 2023 Dec 2024 Dec 2025
Opening Cash & Cash Equivalents 0 1 22 34 15 15 33 73 67 47 39
Cash Flow from Operating Activities 42 46 -13 -9 58 24 -7 37 5 16 43
Cash Flow from Investing Activities -5 -15 -3 -22 -37 38 56 -34 -30 -6 -10
Cash Flow from Financing Activities -37 -10 28 12 -22 -44 -9 -8 5 -18 -7
Net Cash Inflow / Outflow 0 21 12 -19 0 18 40 -6 -20 -8 25
Closing Cash & Cash Equivalent 1 22 34 15 15 33 73 67 47 39 65

DIC India Ratios

# Dec 2015 Dec 2016 Dec 2017 Dec 2018 Dec 2019 Dec 2020 Dec 2021 Dec 2022 Dec 2023 Dec 2024 Dec 2025
Earnings Per Share (Rs) 32.37 24.89 -12.85 -10.16 20.1 93.58 13.5 44.65 -24.7 21.29 18.93
CEPS(Rs) 51.32 41.57 4.14 4.33 32.26 109.62 29.08 59.28 -4.86 42.08 38.94
DPS(Rs) 4 4 0 0 4.5 6 5 2 0 4 3
Book NAV/Share(Rs) 309.08 329.16 315.67 304.91 324.3 413.1 420.45 460.01 431.77 452.39 466.99
Core EBITDA Margin(%) 6.9 5.28 1.53 -0.16 2.57 3.7 3.04 2.33 1.16 4.08 4.33
EBIT Margin(%) 5.41 4.19 -1.66 -0.01 2.8 18.54 2.41 5.46 -2.87 3.1 2.74
Pre Tax Margin(%) 4.82 3.91 -2.03 -0.7 2.21 18.23 2.23 5.04 -3.37 2.9 2.58
PAT Margin (%) 3.56 2.9 -1.52 -1.11 2.33 14.12 1.65 4.66 -2.7 2.19 1.9
Cash Profit Margin (%) 5.64 4.84 0.49 0.47 3.74 16.54 3.55 6.19 -0.53 4.33 3.9
ROA(%) 6.18 4.68 -2.22 -1.53 3.13 15.63 1.96 5.99 -3.48 3.15 2.67
ROE(%) 10.92 7.8 -3.98 -3.27 6.39 25.38 3.24 10.14 -5.54 4.82 4.12
ROCE(%) 15.53 11.21 -4.12 -0.02 6.67 31.68 4.74 11.88 -5.78 6.69 5.94
Receivable days 88.87 93.17 97.71 101.33 102.82 114.81 100.74 100.51 102.39 94.25 100.47
Inventory Days 46.62 50.43 55.83 56.87 54.88 60.34 61.11 53.85 46.61 45.61 48.69
Payable days 65.57 64.99 75.34 91.26 95.52 95.23 100.14 96.43 83.25 65.54 73.48
PER(x) 21.19 17.93 0 0 16.19 4.41 29.23 8.6 0 31.29 25.32
Price/Book(x) 2.22 1.36 1.8 1.22 1 1 0.94 0.83 1.14 1.47 1.03
Dividend Yield(%) 0.58 0.9 0 0 1.38 1.45 1.27 0.52 0 0.6 0.63
EV/Net Sales(x) 0.84 0.55 0.71 0.43 0.4 0.47 0.39 0.33 0.51 0.65 0.42
EV/Core EBITDA(x) 10.09 8.03 35.32 27.21 9.57 9.61 8.92 10.03 23.54 12.44 8.19
Net Sales Growth(%) 3.79 -5.65 4.39 13.5 -5.59 -23.12 22.45 17.07 -4.95 6.36 1.16
EBIT Growth(%) 237.18 -26.99 -139.11 99.54 0 409.78 -83.93 164.84 -150.19 214.77 -9.37
PAT Growth(%) 196.19 -23.12 -151.62 20.93 297.85 365.67 -85.58 230.82 -155.33 186.17 -11.07
EPS Growth(%) 196.19 -23.12 -151.62 20.93 297.85 365.67 -85.58 230.82 -155.33 186.17 -11.07
Debt/Equity(x) 0.01 0 0.12 0.18 0.12 0 0 0 0.04 0 0
Current Ratio(x) 2.14 2.08 2.08 1.56 2.01 2.48 2.1 2.29 2.22 2.53 2.42
Quick Ratio(x) 1.59 1.53 1.46 1.15 1.49 1.91 1.52 1.75 1.64 1.83 1.78
Interest Cover(x) 9.26 15.21 -4.45 -0.01 4.75 59.37 13.28 13 -5.8 15.73 17.69
Total Debt/Mcap(x) 0 0 0.07 0.15 0.12 0 0 0 0.03 0 0

DIC India Shareholding Pattern

# Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Promoter 71.75 71.75 71.75 71.75 71.75 71.75 71.75 71.75 71.75 71.75
FII 0 0 0 0 0 0 0 0 0 0
DII 0 0 0 0 0 0 0 0 0 0
Public 28.24 28.24 28.24 28.24 28.25 28.25 28.25 28.25 28.25 28.25
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

DIC India News

DIC India Pros & Cons

Pros

  • Company is almost debt free.

Cons

  • Company has a low return on equity of 1% over the last 3 years.
  • Debtor days have increased from 65.54 to 73.48days.
  • The company has delivered a poor profit growth of -27% over past five years.
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