DIC India Limited DICIND NSEINFRA

Basic Materials · Specialty Chemicals · India

https://www.dic.co.in

DIC India Limited manufactures and sells printing inks and allied material in India. The company provides newspaper printing inks; gravure printing inks comprising lamination, and surface printing; solvent and water based flexo inks; specialty inks, including industrial, UV varnish, UV offset, and high-speed UV news inks; and offset printing, commercial, and packaging inks, as well as concentrates and food safe and low migration solutions. It offers lamination and solvent based adhesives. It serves newspapers, magazines, conversion agents, printing and packaging, and national and international printing and packaging establishments. The company was formerly known as Coates of India Limited and changed its name to DIC India Limited in August 2004. DIC India Limited was incorporated in 1947 and is based in Noida, India. DIC India Limited is a subsidiary of DIC Asia Pacific Pte Limited.

Market & Price

Market Cap

₹458.31 Cr

Current Price

₹499.30

High / Low (52W)

₹654.34 / ₹458.90

Beta

0.14

Valuation

Stock P/E

24.10

Industry PE

23.81

Forward P/E

11.67

PEG Ratio

Book Value

₹466.99

Price to Book

1.07

P/S

0.49

EV/EBITDA

8.39

Dividend Yield

0.60%

Profitability & Returns

ROCE

5.76%

ROE

ROA

Profit Margin

2.05%

Op Margin

2.53%

EPS (Latest Qtr)

₹4.62

EPS (TTM)

₹20.72

Balance Sheet & Liquidity

Debt/Equity

0.95

Quick Ratio

Current Ratio

Debt

₹4.09 Cr

Total Assets

₹630.37 Cr

Current Assets

₹472.15 Cr

Working Capital

₹277.06 Cr

Ownership

Promoter Holding

82.15%

Chg in Prom Hold

0.91%

FII / Inst Holding

0.00%

Chg in FII Hold

Financial Snapshot

Enterprise Value

₹397.83 Cr

Total Revenue (TTM)

₹926.64 Cr

EBITDA

₹47.40 Cr

Free Cash Flow

Operating Cash Flow

Shares Outstanding

₹91.79 L

Gross Margin

25.87%

Payout Ratio

14.47%

Growth (CAGR)

Revenue 5Y

0.78%

Profit 5Y

-24.88%

Revenue (YoY)

14.60%

Earnings (YoY)

63.80%

PROS

No notable strengths flagged.

CONS

Earnings shrank at -24.9% CAGR over 5 years.
In a downtrend (50-DMA below 200-DMA).

* The pros and cons are auto-generated from financial metrics.

Price Chart

NSE TradingView Screener.in

Fundamental Growth

Period: Metric:

Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).

Peer comparison

Peer companies in the same sector (Basic Materials).

#	Name	CMP ₹	P/E	Mkt Cap	Div Yld %	ROCE %	ROE %	Rev CAGR 5Y %	Profit CAGR 5Y %
1	DICIND DIC India Limited NSEINFRA	499.30	24.10	₹458.31 Cr	0.60%	5.76%	-	0.78%	-24.88%
2	ULTRACEMCO UltraTech Cement Limited NIFTY50NSEINFRA	11,482.00	41.32	₹3.38 L Cr	0.67%	11.90%	10.59%	12.40%	17.26%
3	JSWSTEEL JSW Steel Limited NIFTY50NSEAIINFRA	1,278.00	14.01	₹3.12 L Cr	0.56%	19.15%	27.26%	3.61%	75.28%
4	HINDZINC Hindustan Zinc Limited NSEINFRA	632.95	19.34	₹2.67 L Cr	3.32%	62.35%	76.94%	5.61%	9.58%
5	TATASTEEL Tata Steel Limited NIFTY50NSEAIINFRA	208.02	28.34	₹2.59 L Cr	1.92%	11.32%	11.16%	-1.59%	7.21%
6	HINDALCO Hindalco Industries Limited NIFTY50NSEAIINFRA	1,126.70	18.73	₹2.52 L Cr	0.44%	9.50%	10.29%	7.40%	9.87%
7	GRASIM Grasim Industries Limited NIFTY50NSEINFRA	3,122.40	42.74	₹2.12 L Cr	0.32%	4.00%	6.29%	14.63%	-10.06%
8	SOLARINDS Solar Industries India Limited NSEINFRA	18,247.00	98.04	₹1.65 L Cr	0.06%	29.51%	31.33%	13.27%	30.36%
9	PIDILITIND Pidilite Industries Limited NSEINFRA	1,482.80	61.73	₹1.51 L Cr	0.67%	28.48%	23.52%	7.50%	24.36%

Quarterly Results

Figures in INR.

Metric	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
Revenue	-	209.26 Cr	225.80 Cr	222.23 Cr	231.08 Cr	239.76 Cr
Cost of Revenue	-	155.13 Cr	168.81 Cr	162.37 Cr	170.54 Cr	180.20 Cr
Gross Profit	-	54.12 Cr	56.99 Cr	59.87 Cr	60.55 Cr	59.56 Cr
Operating Expenses	-	51.70 Cr	52.03 Cr	52.79 Cr	53.65 Cr	55.43 Cr
Operating Income	-	2.42 Cr	4.96 Cr	7.07 Cr	6.90 Cr	4.13 Cr
EBITDA	-	8.22 Cr	10.68 Cr	12.93 Cr	11.60 Cr	10.67 Cr
Interest Expense	-	33.06 L	28.59 L	33.24 L	46.82 L	34.19 L
Pretax Income	-	3.52 Cr	5.99 Cr	7.93 Cr	6.20 Cr	5.78 Cr
Tax Provision	-	93.39 L	1.63 Cr	2.06 Cr	1.64 Cr	1.55 Cr
Net Income	-	2.59 Cr	4.36 Cr	5.87 Cr	4.56 Cr	4.24 Cr
Diluted EPS	-	2.82	4.75	6.40	4.96	4.62

Profit & Loss (Annual)

Figures in INR.

Metric	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Revenue	868.02 Cr	825.85 Cr	877.52 Cr	888.37 Cr
Cost of Revenue	693.57 Cr	641.91 Cr	673.62 Cr	672.39 Cr
Gross Profit	174.45 Cr	183.94 Cr	203.90 Cr	215.98 Cr
Operating Expenses	166.00 Cr	191.30 Cr	183.52 Cr	191.07 Cr
Operating Income	8.45 Cr	-7.36 Cr	20.37 Cr	24.92 Cr
EBITDA	61.43 Cr	-5.88 Cr	46.74 Cr	43.43 Cr
Interest Expense	3.69 Cr	4.15 Cr	1.76 Cr	1.42 Cr
Pretax Income	44.31 Cr	-28.25 Cr	25.90 Cr	23.65 Cr
Tax Provision	3.33 Cr	-5.57 Cr	6.36 Cr	6.27 Cr
Net Income	40.98 Cr	-22.68 Cr	19.54 Cr	17.38 Cr
Diluted EPS	44.65	-24.70	21.29	18.93

Compounded Sales Growth

5 Years:	0.78%
1 Year:	14.60%

Compounded Profit Growth

5 Years:	-24.88%
1 Year:	63.80%

Stock Price Performance

1 Year:	-23.44%
6 Months:	-6.49%
3 Months:	-8.76%
1 Month:	-5.25%

Balance Sheet (Annual)

Figures in INR.

Metric	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Total Assets	-	649.14 Cr	581.07 Cr	587.37 Cr	630.37 Cr
Current Assets	-	463.24 Cr	396.51 Cr	424.03 Cr	472.15 Cr
Cash & Equivalents	-	67.07 Cr	46.96 Cr	39.13 Cr	64.55 Cr
Inventory	-	110.04 Cr	104.29 Cr	118.88 Cr	125.61 Cr
Receivables	-	250.66 Cr	220.15 Cr	241.04 Cr	263.44 Cr
Total Liabilities	-	226.89 Cr	184.75 Cr	172.12 Cr	201.72 Cr
Current Liabilities	-	201.22 Cr	178.43 Cr	166.18 Cr	195.09 Cr
Long Term Debt	-	-	-	-	-
Total Debt	-	24.05 Cr	19.68 Cr	3.43 Cr	4.09 Cr
Total Equity	-	422.25 Cr	396.32 Cr	415.25 Cr	428.65 Cr
Shares Outstanding	-	91.79 L	91.79 L	91.79 L	91.79 L

Cash Flows (Annual)

Figures in INR.

Metric	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Operating Cash Flow	-	36.97 Cr	5.26 Cr	16.38 Cr	42.78 Cr
Investing Cash Flow	-	-34.16 Cr	-30.00 Cr	-5.97 Cr	-9.97 Cr
Financing Cash Flow	-	-8.50 Cr	4.64 Cr	-18.25 Cr	-7.39 Cr
Capital Expenditure	-	-69.50 Cr	-33.32 Cr	-8.28 Cr	-11.36 Cr
Free Cash Flow	-	-32.53 Cr	-28.06 Cr	8.10 Cr	31.42 Cr
Net Change in Cash	-	-5.69 Cr	-20.11 Cr	-7.84 Cr	25.42 Cr

Ratios (Annual)

Figures in %.

Metric	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Gross Margin %	20.1%	22.3%	23.2%	24.3%
Operating Margin %	1.0%	-0.9%	2.3%	2.8%
Net Margin %	4.7%	-2.7%	2.2%	2.0%
ROE %	9.7%	-5.7%	4.7%	4.1%
ROCE %	1.9%	-1.8%	4.8%	5.7%

Shareholding Pattern

Insiders

82.15%

Institutions

0.00%

Public Float

0.00%

Analyst View

Loading analyst coverage…

Latest News

Recent headlines for DICIND

No recent headlines available.

DICIND · Basic Materials