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 ₹ 439 Cr.
- Current Price ₹ 478
- High / Low ₹ 675 / 450
- Stock P/E 19.9
- Book Value ₹ 231
- Dividend Yield 0.63 %
- 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
| Sales |
| 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 | |
| Sales growth | +20% | +19% | +16% | -2% | |
| 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 | 17.86 | 21.55 | 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: | -1% |
| 5 Years: | 2% |
| 3 Years: | 3% |
| 1 Year: | -4% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 11% |
| 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 |
| Free Cash Flow | -2 | -15 | 17 | -21 | 25 |
| CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | 57% | 11% | 153% | 8% | 110% |
Ratios
Consolidated / 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% |
Insights
In beta| Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 | Dec 2026 (P) | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Installed Capacity TPA ・Standalone data |
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| Number of Permanent Employees count ・Standalone data |
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| R&D Expenditure as % of Turnover % ・Standalone data |
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| Specific CO2 Emissions Kg/Ton ・Standalone data |
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| Specific Water Consumption Ltr/Ton ・Standalone data |
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| Newsprint Ink Share of Revenue % ・Standalone data |
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Extracted by Screener AI
Documents
Announcements
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Update Under Regulation 30 Of SEBI LODR Regulations For Resignation Of Independent Directors
- Resignations of independent directors Prabal Kumar Sarkar and Pritha Dutt became effective on November 5, 2026.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
- Copies of Newspaper Advertisement regarding publication of financial results for the quarter ended September 30, 2026 and opening of special window for relodgement ....
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Announcement under Regulation 30 (LODR)-Resignation of Director
- Board approved Q2 and 9M FY26 results, appointed Tony Sirohi and Shalini Kapoor, and noted two independent director resignations.
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Announcement under Regulation 30 (LODR)-Change in Management
- Board approved Q2 and 9M FY27 results; appointed Tony Sirohi, Shalini Kapoor; two independent directors resigned Nov 5.
-
Financial Results For The Quarter Ended On September 30, 2026
- Board approved Q2 FY27 results, appointed two independent directors, and noted two independent director resignations.
Annual reports
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Annual Report 2025
from bse
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Annual Report 2024
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Annual Report 2023
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Annual Report 2022
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Annual Report 2021
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Annual Report 2020
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Annual Report 2019
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Annual Report 2018
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Annual Report 2017
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Annual Report 2016
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Annual Report 2015
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Annual Report 2014
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Annual Report 2013
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Annual Report 2012
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Annual Report 2011
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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.