DIC India

₹461.6 18.7 | 4.2%

WEBSITE BSE:500089 NSE : DIC INDIA 10 May, 16:01

Market Cap ₹424 Cr.

Stock P/E -21.9

P/B 1.1

Current Price ₹461.6

Book Value ₹ 436.3

Face Value 10

52W High ₹553.9

Dividend Yield 0%

52W Low ₹ 380.8

Edit Ratio

DIC India Research see more...

Overview Inc. Year: 1947Industry: Chemicals

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 and is based totally in Noida, India. DIC India Ltd is a subsidiary of DIC Asia Pacific Pvt Ltd.

DIC India Share Price

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Peer Comparison

DIC India Quarterly Results

#(Fig in Cr.)	Sep 2021	Dec 2021	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Net Sales	187	220	217	223	232	199	208	217	205	199
Other Income	3	1	1	3	2	3	1	1	2	1
Total Income	190	221	218	226	234	203	209	218	208	200
Total Expenditure	183	212	213	218	225	196	206	212	205	190
Operating Profit	8	9	5	8	9	6	3	6	3	10
Interest	0	0	0	2	1	1	1	1	1	0
Depreciation	3	5	3	4	3	4	5	5	5	5
Exceptional Income / Expenses	0	0	33	0	0	0	0	-18	-6	0
Profit Before Tax	4	4	34	2	5	1	-3	-18	-8	4
Provision for Tax	1	1	0	1	2	0	-1	-4	-1	0
Profit After Tax	3	3	34	2	3	1	-3	-14	-7	4
Adjustments	0	-0	0	0	0	0	0	0	0	0
Profit After Adjustments	3	3	34	2	3	1	-3	-14	-7	4
Adjusted Earnings Per Share	3.3	3.3	37	1.8	3.3	1	-2.8	-15.1	-7.8	4.6

DIC India Profit & Loss

#(Fig in Cr.)	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	TTM
Net Sales	712	722	750	707	738	838	791	608	745	872	829	829
Other Income	1	2	5	7	3	15	13	7	10	8	8	5
Total Income	713	725	754	714	741	853	804	616	754	880	837	835
Total Expenditure	684	724	692	666	726	839	771	586	722	852	819	813
Operating Profit	29	1	63	48	15	13	33	30	32	28	18	22
Interest	4	6	5	2	3	6	5	2	1	4	4	3
Depreciation	12	13	17	15	16	13	11	15	14	13	18	20
Exceptional Income / Expenses	0	-21	0	0	-12	0	0	98	0	33	-24	-24
Profit Before Tax	12	-39	40	31	-16	-6	17	111	17	44	-28	-25
Provision for Tax	-1	-8	11	8	-4	3	-1	25	4	3	-6	-6
Profit After Tax	13	-31	30	23	-12	-9	18	86	12	41	-23	-20
Adjustments	0	0	0	0	0	0	0	0	0	0	0	0
Profit After Adjustments	13	-31	30	23	-12	-9	18	86	12	41	-23	-20
Adjusted Earnings Per Share	13.7	-33.7	32.4	24.9	-12.8	-10.2	20.1	93.6	13.5	44.6	-24.7	-21.1

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	-5%	11%	-0%	2%
Operating Profit CAGR	-36%	-16%	7%	-5%
PAT CAGR	-156%	NAN%	0%	NAN%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	7%	5%	7%	1%
ROE Average	-6%	3%	8%	4%
ROCE Average	-6%	4%	10%	6%

DIC India Balance Sheet

#(Fig in Cr.)	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023
Shareholder's Funds	291	260	284	302	290	280	298	379	386	422	396
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	10	4	1	0	65	52	32	25	34	64	39
Total Current Liabilities	220	231	181	208	198	335	182	182	259	203	178
Total Liabilities	522	495	466	511	553	667	512	587	679	690	614
Fixed Assets	97	87	71	69	54	57	59	79	76	88	143
Other Non-Current Assets	4	6	6	8	87	86	66	56	60	137	74
Total Current Assets	421	402	389	434	412	524	367	452	543	465	397
Total Assets	522	495	466	511	553	667	512	587	679	690	614

DIC India Cash Flow

#(Fig in Cr.)	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023
Opening Cash & Cash Equivalents	5	6	0	1	22	34	15	15	33	73	67
Cash Flow from Operating Activities	33	2	42	46	-13	-9	58	24	-7	37	5
Cash Flow from Investing Activities	-12	-10	-5	-15	-3	-22	-37	38	56	-34	-30
Cash Flow from Financing Activities	-20	1	-37	-10	28	12	-22	-44	-9	-8	5
Net Cash Inflow / Outflow	1	-6	0	21	12	-19	0	18	40	-6	-20
Closing Cash & Cash Equivalent	6	0	1	22	34	15	15	33	73	67	47

DIC India Ratios

#	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023
Earnings Per Share (Rs)	13.66	-33.65	32.37	24.89	-12.85	-10.16	20.1	93.58	13.5	44.65	-24.7
CEPS(Rs)	26.93	-19.87	51.32	41.57	4.14	4.33	32.26	109.62	29.08	59.28	-4.86
DPS(Rs)	4	0	4	4	0	0	4.5	6	5	2	0
Book NAV/Share(Rs)	317.44	283.78	309.08	329.16	315.67	304.91	324.3	413.1	420.45	460.01	431.77
Core EBITDA Margin(%)	3.49	-0.2	6.9	5.28	1.53	-0.16	2.57	3.7	3.04	2.33	1.16
EBIT Margin(%)	2.07	-4.09	5.41	4.19	-1.66	-0.01	2.8	18.54	2.41	5.46	-2.87
Pre Tax Margin(%)	1.51	-4.87	4.82	3.91	-2.03	-0.7	2.21	18.23	2.23	5.04	-3.37
PAT Margin (%)	1.58	-3.83	3.56	2.9	-1.52	-1.11	2.33	14.12	1.65	4.66	-2.7
Cash Profit Margin (%)	3.11	-2.26	5.64	4.84	0.49	0.47	3.74	16.54	3.55	6.19	-0.53
ROA(%)	2.57	-6.07	6.18	4.68	-2.22	-1.53	3.13	15.63	1.96	5.99	-3.48
ROE(%)	4.36	-11.19	10.92	7.8	-3.98	-3.27	6.39	25.38	3.24	10.14	-5.54
ROCE(%)	5.21	-10.79	15.53	11.21	-4.12	-0.02	6.67	31.68	4.74	11.88	-5.78
Receivable days	92.99	91.38	88.87	93.17	97.71	101.33	102.82	114.81	100.74	100.51	102.39
Inventory Days	51.18	49.9	46.62	50.43	55.83	56.87	54.88	60.34	61.11	53.85	46.61
Payable days	57.52	63.79	65.57	64.99	75.34	91.26	95.52	95.23	100.14	96.43	83.25
PER(x)	26.51	0	21.19	17.93	0	0	16.19	4.41	29.23	8.6	0
Price/Book(x)	1.14	1.33	2.22	1.36	1.8	1.22	1	1	0.94	0.83	1.14
Dividend Yield(%)	1.1	0	0.58	0.9	0	0	1.38	1.45	1.27	0.52	0
EV/Net Sales(x)	0.49	0.53	0.84	0.55	0.71	0.43	0.4	0.47	0.39	0.33	0.51
EV/Core EBITDA(x)	12.19	453.37	10.09	8.03	35.32	27.21	9.57	9.61	8.92	10.03	23.54
Net Sales Growth(%)	-0.6	1.47	3.79	-5.65	4.39	13.5	-5.59	-23.12	22.45	17.07	-4.95
EBIT Growth(%)	-55.36	-299.95	237.18	-26.99	-139.11	99.54	0	409.78	-83.93	164.84	-150.19
PAT Growth(%)	-41.67	-346.39	196.19	-23.12	-151.62	20.93	297.85	365.67	-85.58	230.82	-155.33
EPS Growth(%)	-41.67	-346.39	196.19	-23.12	-151.62	20.93	297.85	365.67	-85.58	230.82	-155.33
Debt/Equity(x)	0.08	0.14	0.01	0	0.12	0.18	0.12	0	0	0	0.04
Current Ratio(x)	1.91	1.74	2.14	2.08	2.08	1.56	2.01	2.48	2.1	2.29	2.22
Quick Ratio(x)	1.42	1.26	1.59	1.53	1.46	1.15	1.49	1.91	1.52	1.75	1.64
Interest Cover(x)	3.68	-5.23	9.26	15.21	-4.45	-0.01	4.75	59.37	13.28	13	-5.8
Total Debt/Mcap(x)	0.07	0.1	0	0	0.07	0.15	0.12	0	0	0	0.03

DIC India Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
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	28.24	28.24	28.24	28.24	28.24	28.24
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	0.66	0.66	0.66	0.66	0.66	0.66	0.66	0.66	0.66	0.66
FII	0	0	0	0	0	0	0	0	0	0
DII	0	0	0	0	0	0	0	0	0	0
Public	0.26	0.26	0.26	0.26	0.26	0.26	0.26	0.26	0.26	0.26
Others	0	0	0	0	0	0	0	0	0	0
Total	0.92	0.92	0.92	0.92	0.92	0.92	0.92	0.92	0.92	0.92

Pros

Debtor days have improved from 96.43 to 83.25days.
Company is almost debt free.

Cons

Company has a low return on equity of 3% over the 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.