DICINDCommodities

DIC India Limited

Printing Inks · ISIN INE303A01010 · BSE 500089 · NSE EQ · FV ₹10
Last price
₹628
+2.97%today
What this company does

DIC India Limited operates in Printing Inks, part of the Commodities sector. It booked ₹284 cr of revenue in its latest quarter (Q1 FY27) and kept 5.0% of sales as profit.

The Company is engaged in the business of manufacturing printing inks, which covers newsprint ink, offset ink and liquid ink, used in newspapers, other publications and packaging industries.
In the report:
72out of 100
Equitytale Health Score
Solid

Healthier than 72% of companies in Commodities, on the 4 of 6 measures we could read for it. Each measure is ranked against the 141–173 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
63

At close. Not part of the score.

Profitability & returns53

How much profit it earns on the money it employs

Balance sheet89

How much it owes, and whether earnings cover the interest

Valuation62

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Not measurable for this company: cash quality, growth & consistency. Those pillars are left out of the score rather than counted as zero.

Is this company doing well?
not investment advice
Strengths
Makes a profit
Sales up 25% vs last year
Profit up 227% vs last year
Promoters hold 72%
No promoter shares pledged
Virtually debt-free
Watch-outs
! Thin 5.0% net margin
! Operating cash flow is negative

What if I invest in DICIND?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 10% a year, it would become
₹20.15 lakh

The starting rate is a round number, not a view on this company — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹628 +2.97%
latest close · 2026-09-17
1-year return
+38.3%
52-wk low ₹32152-wk high ₹639
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio10.1Low
LowAverageHigh
P/B ratio1.30Moderate
Below bookModerateHigh
EV / EBITDA5.8Low
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity12.8%Fair
WeakFairStrong ▸15%
Return on capital17.4%Strong
WeakFairStrong
Net margin5.0%Decent
ThinDecentStrong
EBITDA margin8.5%Thin
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.00Comfortable
LowModerateHigh ▸1
Interest cover53.4×Strong
RiskyOkayStrong ▸5×
Current ratio2.04Ample
Tight ◂1HealthyAmple
More figures
Market cap
₹577 cr
Book value
₹484
EPS
₹15.54
latest quarter
Net debt
₹-15 cr
more cash than debt
Enterprise value
₹562 cr
EBITDA
₹96 cr
annualised
EBIT
₹78 cr
annualised
Operating margin
6.9%
Return on assets
7.7%
Earnings yield
9.89%
P/S
0.51
Sales / share
₹1,237.4
Tax rate
25.6%
Face value
₹10
Shares
0.9 cr
Working capital
₹297 cr
Current assets
₹583 cr
Current liabilities
₹286 cr
Delivery %
70.3%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2025 report & filings
not investment advice
Hard to value confidentlyLow confidence
The company's latest annual profit was negative, so we won't call it cheap off older profits.
Models span ₹428₹428, midpoint ₹428

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹284 cr
Other Income₹2 cr
Total Income₹286 cr
Cost of Materials₹206 cr
Purchases of Stock-in-Trade₹23 cr
Inventory Change (±)₹-23 cr
Employee Benefit Expense₹20 cr
Finance Costs₹36.6 L
Depreciation & Amortisation₹5 cr
Other Expenses₹36 cr
Total Expenses₹266 cr
Profit before Tax₹19 cr
Tax Expense₹5 cr
Net Profit₹14 cr
Net margin on total income5.0%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹205 cr71.9%
Employee benefit expense₹20 cr7.1%
Finance costs₹36.6 L0.1%
Depreciation & amortisation₹5 cr1.6%
Other expenses₹36 cr12.6%
Tax expense₹5 cr1.7%
Profit for the period₹14 cr5.0%
Total income ₹286 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue232 cr241 cr284 cr
Total income234 cr243 cr286 cr
Expenses226 cr237 cr266 cr
Profit before tax6 cr6 cr19 cr
Tax2 cr2 cr5 cr
Net profit (owners' share)5 cr4 cr14 cr
Net margin (owners' share, on revenue)2.0%1.8%5.0%
EPS (₹)4.964.6215.54
YoY (latest quarter): total income +25.4% · net profit +227.1%
Balance sheet & cash flow · as of Jun 2026
Debt-free
Total assets
₹737 cr
Shareholder equity
₹444 cr
parent shareholders
Total debt
₹0 cr
Cash
₹15 cr
Cash flow · Q1 FY27
Operating
₹-39 cr
Investing
₹-6 cr
Financing
₹-4 cr
Peer comparison
Commodities · by market value (sector-level match)
CompanyPriceMarket capP/E
Vedanta Aluminium Metal Limited₹404₹1.58 L cr7.0
KIOCL Limited₹338₹20,524 cr
Fine Organic Industries Limited₹5,202₹15,949 cr28.9
BASF India Limited₹3,602₹15,591 cr11.2
Vinati Organics Limited₹1,250₹12,959 cr29.8
Vedanta Iron and Steel Limited₹32₹12,442 cr27.4
SG Mart Limited₹712₹8,974 cr49.2
Galaxy Surfactants Limited₹2,257₹8,001 cr12.1
Fineotex Chemical Limited₹53₹6,171 cr32.3
Same sector · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
0.48%
trailing 12 months
Dividend / share (TTM)
₹3
Last dividend
₹3
ex 16 Mar 2026
ActionDetailEx-date
Dividend₹3 / share16 Mar 2026
Dividend₹4 / share18 Mar 2025
Dividend₹2 / share15 Mar 2023
Dividend₹3 / share14 Mar 2022
Dividend₹2 / share14 Mar 2022
Dividend₹6 / share10 Mar 2021
Who owns it · 2026-06-30
No pledge
Promoter
71.8%
FII / Foreign
DII / Domestic
0.0%
Retail / others
28.3%
Smart-money activity
Bulk / block deals
BoughtGRAVITON RESEARCH CAPITAL LLP · NSE50,264 @ ₹686.386 Aug 24
SoldGRAVITON RESEARCH CAPITAL LLP · NSE50,264 @ ₹6876 Aug 24
SoldGLOBE CAPITAL MARKET LIMITED · NSE62,306 @ ₹395.4621 Oct 14
What shareholders were asked to approve
1 proposal passed only on promoter votes

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 23 Mar 2026
See the official result
1
To consider and adopt the Audited Financial Statements of the Company for the Financial year ended December 31, 2025, and the Reports of the Auditors and the Board of Directors thereon.
Backed by 100% of shareholders other than promotersneeded 50%
1,806 votes for, 7 against
2
To appoint a director in place of Mr. HAYATO KASHIWAGI (DIN: 10953592), who retires by rotation and being eligible, seeks re-appointment.
Backed by 100% of shareholders other than promotersneeded 50%
1,806 votes for, 7 against
3
To declare a final dividend of INR 3.00 (Indian Rupees Three) per equity share for the financial year ended December 31, 2025.
Backed by 100% of shareholders other than promotersneeded 50%
1,811 votes for, 2 against
4
To appoint MS Chandra Wadhwa and Co. as a cost auditor for the financial year 2026 and to fix their remuneration.
Backed by 99% of shareholders other than promotersneeded 50%
1,790 votes for, 23 against

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 22 named members
owning 71.8% between them · as of 2026-06-30
Dic Asia Pacific Pte Ltd71.75%
Coates Brothers (Singapore) Pte Ltdno shares
DIC Alkylphenol Singapore Pte Ltdno shares
DIC Australia Pty Ltdno shares
DIC Bangladesh Private Limitedno shares
DIC Corporation, Japanno shares
DIC Fine Chemicals Private Limitedno shares
DIC Graphics (Thailand) Co. Ltd.no shares

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.