DIC India
DICIND NSE
DIC India
ChemicalsNSE: DICIND BSE: 500089 Printing Inks
Key Fundamentals
MicrocapPrinting InksChemicalsMarket Cap
₹560 Cr
Volatility
Moderate
P/E Ratio
19.09
EBITDA
₹45.80 Cr
Return on Equity
4.05%
Debt to Equity
0.01
Book Value
₹483.98
52W High
₹638.95
52W Low
₹450.5
Tapetide Score
Data-driven rating, 0–100. How it works →
Key Insights
Strengths
1- Company is almost debt free.
Weaknesses
2- The company has delivered a poor sales growth of 7.95% over past five years.
- Company has a low return on equity of 2.93% over last 3 years.
Growth Rate
Revenue Growth
0.76% lower than
3Y
Net Income Growth
-10.77% lower than
3Y
Cash Flow Change
161% lower than
3Y
ROE
-14.01% lower than
3Y
ROCE
-12.33% higher than
3Y
EBITDA Margin (Avg.)
-1.16% lower than
3Y
Quarterly Results
| Particulars | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 208 | 217 | 205 | 199 | 243 | 221 | 219 | 210 | 226 | 223 | 232 | 241 | 284 |
| Expenses | 206 | 212 | 205 | 190 | 231 | 214 | 210 | 203 | 217 | 211 | 220 | 232 | 262 |
| Operating Profit | 2 | 4 | 0 | 8 | 12 | 7 | 9 | 7 | 9 | 12 | 12 | 9 | 22 |
| OPM % | 0.9% | 2.1% | 0.2% | 4.1% | 4.8% | 3.3% | 4.3% | 3.2% | 4.1% | 5% | 5% | 3.6% | 8% |
| Other Income | 1 | -17 | -4 | 1 | 2 | 2 | 5 | 1 | 1 | 1 | 0 | 2 | 2 |
| Interest | 1 | 1 | 1 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 4 | 4 | 5 | 5 | 5 | 5 |
| PBT | -3 | -18 | -8 | 4 | 8 | 4 | 9 | 4 | 6 | 8 | 6 | 6 | 19 |
| Tax % | -18% | -24% | -12% | 6% | 26% | 47% | 23% | 26% | 27% | 26% | 26% | 27% | 26% |
| Net Profit | -3 | -14 | -7 | 4 | 6 | 2 | 7 | 3 | 4 | 6 | 5 | 4 | 14 |
| EPS in Rs | -2.8 | -15.07 | -7.82 | 4.58 | 6.77 | 2.16 | 7.79 | 2.82 | 4.75 | 6.4 | 4.97 | 4.62 | 15.55 |
Profit & Loss
| Particulars | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 722 | 750 | 707 | 738 | 838 | 791 | 608 | 745 | 872 | 829 | 882 | 892 | 980 |
| Expenses | 723 | 691 | 665 | 726 | 839 | 771 | 586 | 722 | 851 | 819 | 845 | 852 | 925 |
| Operating Profit | -1 | 59 | 42 | 12 | -1 | 20 | 23 | 23 | 21 | 10 | 36 | 40 | 55 |
| OPM % | -0.1% | 8% | 6% | 1.6% | -0.2% | 2.6% | 3.7% | 3.1% | 2.4% | 1.2% | 4.1% | 4.5% | 6% |
| Other Income | -20 | 4 | 6 | -9 | 15 | 13 | 105 | 10 | 41 | -16 | 10 | 4 | 5 |
| Interest | 6 | 5 | 2 | 3 | 6 | 5 | 2 | 1 | 4 | 4 | 2 | 1 | 2 |
| Depreciation | 13 | 17 | 15 | 16 | 13 | 11 | 15 | 14 | 13 | 18 | 19 | 18 | 19 |
| PBT | -39 | 40 | 31 | -16 | -6 | 17 | 111 | 17 | 44 | -28 | 26 | 24 | 39 |
| Tax % | -21% | 26% | 26% | -25% | 58% | -6% | 23% | 26% | 8% | -20% | 25% | 27% | — |
| Net Profit | -31 | 30 | 23 | -12 | -9 | 18 | 86 | 12 | 41 | -23 | 20 | 17 | 29 |
| EPS in Rs | -33.65 | 32.37 | 24.88 | -12.84 | -10.15 | 20.1 | 93.58 | 13.5 | 44.65 | -24.71 | 21.29 | 18.93 | 31.54 |
| Div. Payout % | 0% | 12% | 16% | 0% | 0% | 22% | 6% | 37% | 4% | 0% | 19% | 16% | — |
Balance Sheet
| Particulars | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 |
| Reserves | 251 | 275 | 293 | 281 | 271 | 289 | 370 | 377 | 413 | 387 | 406 | 419 | 435 |
| Borrowings | 35 | 2 | 0 | 35 | 51 | 35 | 6 | 5 | 24 | 20 | 3 | 4 | 3 |
| Other Liabilities | 139 | 122 | 143 | 167 | 273 | 136 | 144 | 220 | 203 | 165 | 169 | 198 | 289 |
| Total Liabilities | 435 | 408 | 445 | 492 | 603 | 469 | 529 | 611 | 649 | 581 | 587 | 630 | 737 |
| Fixed Assets | 87 | 71 | 69 | 54 | 57 | 59 | 79 | 76 | 88 | 143 | 141 | 138 | 135 |
| CWIP | 2 | 2 | 4 | 7 | 3 | 1 | 1 | 9 | 77 | 15 | 4 | 1 | 2 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 346 | 335 | 372 | 431 | 543 | 408 | 449 | 526 | 484 | 423 | 442 | 491 | 599 |
| Total Assets | 435 | 408 | 445 | 492 | 603 | 469 | 529 | 611 | 649 | 581 | 587 | 630 | 737 |
Cash Flow
| Particulars | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | 2 | 42 | 46 | -13 | -9 | 58 | 24 | -7 | 37 | 5 | 16 | 43 |
| Investing | -10 | -5 | -15 | -3 | -22 | -37 | 38 | 56 | -34 | -30 | -6 | -10 |
| Financing | 1 | -37 | -10 | 28 | 12 | -22 | -44 | -9 | -8 | 5 | -18 | -7 |
| Net Cash Flow | -6 | 0 | 21 | 12 | -19 | 0 | 18 | 40 | -6 | -20 | -8 | 25 |
| Free Cash Flow | -8 | 37 | 31 | -16 | -16 | 3 | 18 | -13 | 2 | -26 | 10 | 32 |
| CFO/OP | -81 | 88 | 139 | -102 | 751 | 298 | 202 | 12 | 200 | 73 | 43 | 124 |
Ratios
| Particulars | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 102 | 100 | 101 | 109 | 107 | 93 | 109 | 114 | 105 | 97 | 100 | 108 |
| Inventory Days | 73 | 70 | 87 | 81 | 78 | 62 | 88 | 99 | 59 | 61 | 66 | 70 |
| Days Payable | 70 | 57 | 68 | 90 | 107 | 70 | 96 | 126 | 82 | 68 | 66 | 81 |
| Cash Conversion Cycle | 105 | 114 | 120 | 99 | 77 | 85 | 101 | 88 | 82 | 90 | 99 | 97 |
| Working Capital Days | 87 | 101 | 105 | 89 | 68 | 87 | 106 | 103 | 82 | 75 | 90 | 87 |
| ROCE % | -4% | 16% | 11% | 0% | 0% | 7% | 4% | 5% | 4% | -1% | 6% | 6% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view DIC India insights
61 extracted metrics + investor summaries across FY11–FY25.
Documents
1
Board Meeting Intimation for Intimation For Board Meeting To Be Held On 13Th May, 2026
6 May - Board meeting on May 13, 2026 to approve Q4 FY2026 unaudited results. 6 May - Board meeting on May 13, 2026 to approve Q4 FY2026 unaudited results.
2
Please Find Enclosed Disclosure Regarding Update On Pendency Of Dispute Against Star Plastics.
22 Apr - DIC India appeals 7 April 2026 district court order against Star Plastics in Delhi High Court. 22 Apr - DIC India appeals 7 April 2026 district court order against Star Plastics in Delhi High Court.
3
Please Find Enclosed Disclosure Regarding Update On Pendency Of Dispute Against Star Plastics.
14h - DIC India appeals 7 April 2026 district court order against Star Plastics in Delhi High Court. 14h - DIC India appeals 7 April 2026 district court order against Star Plastics in Delhi High Court.
4
Intimation Under Regulation 30 And Schedule III Of The SEBI (LODR) Regulations, 2015 ('Listing Regulations').
14 Apr - District Court ordered pre-litigation mediation in Star Plastics recovery suit; DIC India plans to challenge. 14 Apr - District Court ordered pre-litigation mediation in Star Plastics recovery suit; DIC India plans to challenge.
5
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
13 Apr - DP) Regulations, please find enclosed certificate received from Registrar and Share Transfer Agent of the Company. 13 Apr - DP) Regulations, please find enclosed certificate received from Registrar and Share Transfer Agent of the Company.
1
Commencement Of Tenure Of Mr. Hayato Kashiwagi As Managing Director W.E.F. September 01 2026 1 Sept 2026
General_Announcements
Frequently Asked Questions about DIC India
What does DIC India Ltd do?
Incorporated in 1947, DIC India Ltd is in the business of manufacturing Printing Inks, and also provides Lamination Adhesive[1]
Where is DIC India Ltd (DICIND) listed?
DIC India Ltd trades as DICIND on the NSE and under code 500089 on the BSE.
Which sector does DIC India Ltd belong to?
DIC India Ltd is classified under the Chemicals sector, in the Printing Inks industry.
What is the market capitalisation of DIC India Ltd?
DIC India Ltd has a market capitalisation of ₹560.19 Cr, which places it in the Small Cap band.
What is the PE ratio of DIC India Ltd?
DIC India Ltd trades at a PE ratio of 19.09, against a book value of ₹483.98 per share.
What is the 52-week high and low of DIC India Ltd?
Over the last 52 weeks DIC India Ltd has traded between ₹450.5 and ₹638.95.
Does DIC India Ltd pay dividends?
DIC India Ltd has a dividend yield of 0.50%.
What is the Return on Equity (ROE) of DIC India Ltd?
DIC India Ltd reported a return on equity of 4.05%. Its debt-to-equity ratio is 0.01.
Company Information
Incorporated in 1947, DIC India Ltd is in the business of manufacturing Printing Inks, and also provides Lamination Adhesive[1]
Website dic.co.in
CEO Mr. Manish Bhatia
Employees 347
Listed 1995-08-30
Face Value ₹ 10
Issued Size 91,78,977
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