MarketFriction

DIC India Ltd

NSE DICIND · BSE 500089 · Printing Inks
₹613.65 -3.41%
NSE close2026-10-01
52 week range450.50 - 675.00
Market cap₹571 Cr.
P/E18.6
Price band 20% Delivery 69.4%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Standalone, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales217205199243221219210226223232241284
Expenses212205190231214210203217211220232262
Operating Profit4081279791212922
OPM %2.1%0.2%4.1%4.8%3.3%4.3%3.2%4.1%5%5%3.6%8%
Other Income-17-41225111-022
Interest110001000000
Depreciation555555445555
Profit before tax-18-848494686619
Tax %-24%-12%6%26%47%23%26%27%26%26%27%26%
Net Profit-14-746273465414
EPS in Rs-15.07-7.824.586.772.167.792.824.756.404.974.6215.55
Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025TTM
Sales750707738838791608745872829882892980
Expenses691665726839771586722851819845852925
Operating Profit594212-12023232110364055
OPM %8%6%1.6%-0.2%2.6%3.7%3.1%2.4%1.2%4.1%4.5%6%
Other Income46-915131051041-161045
Interest523652144212
Depreciation171516131115141318191819
Profit before tax4031-16-6171111744-28262439
Tax %26%26%-25%58%-6%23%26%8%-20%25%27%
Net Profit3023-12-918861241-23201729
EPS in Rs32.3724.88-12.84-10.1520.1093.5813.5044.65-24.7121.2918.9331.54
Dividend Payout %12%16%0%0%22%6%37%4%0%19%16%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth2%8%1%12%
Compounded Profit Growth-6%13%22%97%
Stock Price CAGR1%6%11%21%
Return on Equity3%3%3%5%
Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025Jun 2026
Equity Capital999999999999
Reserves275293281271289370377413387406419435
Borrowings20355135652420343
Other Liabilities122143167273136144220203165169198289
Total Liabilities408445492603469529611649581587630737
Fixed Assets7169545759797688143141138135
CWIP24731197715412
Investments000000000000
Other Assets335372431543408449526484423442491599
Total Assets408445492603469529611649581587630737
Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Cash from Operating Activity24246-13-95824-73751643
Cash from Investing Activity-10-5-15-3-22-373856-34-30-6-10
Cash from Financing Activity1-37-102812-22-44-9-85-18-7
Net Cash Flow-602112-1901840-6-20-825
Free Cash Flow-83731-16-16318-132-261032
CFO/OP-81%88%139%-102%751%298%202%12%200%73%43%124%
Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Debtor Days1021001011091079310911410597100108
Inventory Days737087817862889959616670
Days Payable70576890107709612682686681
Cash Conversion Cycle1051141209977851018882909997
Working Capital Days8710110589688710610382759087
ROCE %-4%16%11%-0%-0%7%4%5%4%-1%6%6%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters71.75%71.75%71.75%71.75%71.75%71.75%71.75%71.75%71.75%71.75%71.75%71.75%
Public28.25%28.26%28.25%28.24%28.23%28.23%28.24%28.24%28.24%28.25%28.25%28.24%
No. of Shareholders7,1557,0636,9186,9756,3816,4176,6526,3746,4736,4206,3376,260

Fundamentals

Market Cap₹ 571 Cr.
Current Price₹ 620
Stock P/E18.6
Book Value₹ 484
ROCE6.42 %
ROE4.51 %
Dividend Yield0.48 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)12%
Compounded Profit Growth (TTM)97%
Standalone figures.
Valuation
Market capRs 563 Cr
Enterprise valueRs 503 Cr
P/E (TTM)19.46x
Price to book1.31x
Price to sales0.57x
EV / EBITDA8.48x
EV / EBIT12.38x
EV / sales0.51x
Price to cash flow13.17x
Earnings yield5.14%
Dividend yield0.49%
P/E, 3-year average28.43x
P/B, 3-year average1.22x
P/E, 5-year average23.69x
P/B, 5-year average1.09x
Profitability
Operating margin (excl. other income)4.45%
Operating margin (incl. other income)4.87%
EBITDA margin6.05%
Pre-tax margin3.99%
Net profit margin2.95%
Net margin, latest quarter5.03%
ROE4.12%
ROCE5.89%
ROA2.85%
ROE, 3-year average1.13%
ROCE, 3-year average2.31%
ROA, 3-year average0.84%
ROE, 5-year average3.35%
ROCE, 5-year average4.61%
ROA, 5-year average2.24%
ROIC (approx.)8.10%
Tax rate26.52%
Other income / net worth0.87%
Growth
Sales growth (latest year)1.16%
Profit growth (latest year)-11.05%
Sales CAGR, 3 years0.75%
Sales CAGR, 5 years7.95%
Profit CAGR, 3 years-24.87%
Profit CAGR, 5 years-27.35%
Sales growth QoQ18.06%
Profit growth QoQ236.56%
Sales growth YoY (latest quarter)25.38%
Profit growth YoY (latest quarter)227.29%
Per share
EPS (TTM)Rs 31.53
EPS (latest year)Rs 18.93
EPS (latest quarter)Rs 15.55
EPS, 3-year averageRs 5.17
EPS, 5-year averageRs 14.73
Book value per shareRs 466.99
Sales per shareRs 1,067.19
Cash flow per shareRs 46.61
Free cash flow per shareRs 34.86
Dividend per share (latest year)Rs 3.00
Dividend per share, 3-year averageRs 3.50
Dividend per share, 5-year averageRs 3.50
Dividends
Dividend payout15.82%
Dividend payout, 3-year average17.30%
Dividend payout, 5-year average19.04%
Efficiency
Asset turnover1.41x
Fixed asset turnover6.45x
Inventory turnover5.51x
Inventory days66 days
Debtor days108 days
Debtors turnover3.39x
Creditor days81 days
Cash conversion cycle97 days
Working capital days87 days
Leverage
Total debtRs 4 Cr
Cash and bankRs 65 Cr
Net debtRs -61 Cr
Debt to equity0.01x
Net debt / EBITDA-1.02x
Interest coverage26.89x
Owners' fund to total sources68.00%
Debt to assets0.65%
Cash flow
Cash from Operating Activity (latest year)Rs 43 Cr
Cash from Investing Activity (latest year)Rs -10 Cr
Cash from Financing Activity (latest year)Rs -7 Cr
Net Cash Flow (latest year)Rs 25 Cr
Free cash flow (latest year)Rs 32 Cr
FCFE (approx.: FCF + change in debt)Rs 33 Cr
Cash from ops / profit, 5 years1.40x
Sales to cash flow20.85x
Statement figures
Net sales (TTM)Rs 980 Cr
Net sales (latest year)Rs 892 Cr
Sales (latest quarter)Rs 284 Cr
Operating profit excl. other income (latest year)Rs 40 Cr
Operating profit (latest quarter)Rs 22 Cr
Other income (TTM)Rs 5 Cr
EBITDA (TTM)Rs 59 Cr
PBDT (TTM)Rs 58 Cr
Profit before tax (TTM)Rs 39 Cr
Tax (latest year)Rs 6 Cr
Net profit (TTM)Rs 29 Cr
Net profit (latest year)Rs 17 Cr
Net profit (latest quarter)Rs 14 Cr
Depreciation (TTM)Rs 19 Cr
Depreciation (latest quarter)Rs 5 Cr
Interest (TTM)Rs 2 Cr
Cost of goods sold (latest year)Rs 692 Cr
Total expenditure (latest year)Rs 852 Cr
Total income (latest year)Rs 896 Cr
Share capitalRs 9 Cr
ReservesRs 419 Cr
Shareholders' fundsRs 429 Cr
Total assetsRs 630 Cr
Net blockRs 138 Cr
Capital work in progressRs 1 Cr
InvestmentsRs 0 Cr
ReceivablesRs 263 Cr
InventoryRs 126 Cr
Other liabilitiesRs 198 Cr
Shares outstanding (crore)0.92
Ownership
Promoter holding71.75% (+0.00 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 19.5 is at the 44th percentile of its own 6.8-year range (median 19.9, low 4.0, high 33.5).
P/B 1.31 is at the 72th percentile (median 1.12).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodDICINDNifty 50Difference
1 week-5.3%-2.8% -2.5 pts
1 month+10.8%-6.8% +17.6 pts
3 months+17.8%-7.6% +25.4 pts
6 months+31.3%+0.4% +30.9 pts
1 year+16.5%-9.9% +26.4 pts
2 years-13.2%-13.6% +0.3 pts
3 years+36.9%+14.2% +22.7 pts
5 years+34.0%+27.9% +6.1 pts

Red flags

F-score 5 of 8
lookAuditor change Auditor change 2026-03-23: DIC India Limited has informed the Exchange regarding Change in Auditors of the company.
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Jun 2026
Sales ₹284 Cr +25.7% vs Jun 2025. Net profit ₹14 Cr +250.0%.

Activity

Compare
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No bulk or block deals on record.
Ex-dateActionFactor
2026-03-16Dividend - Rs 3 Per Share
2025-03-18Dividend - Rs 4 Per Share
2024-03-15Annual General Meeting
2023-03-15Annual General Meeting/Dividend - Rs 2 Per Share
2022-03-14Dividend - Rs 3 Per Share/Special Dividend - Rs 2 Per Sh
2021-03-10 Dividend - Rs 6 Per Share
2020-06-04 Annual General Meeting/Dividend - Rs 4.50 Per Share
2019-03-12 Annual General Meeting
2018-03-13 Annual General Meeting
2017-03-14 Annual General Meeting/Dividend Rs 4/- Per Share
2016-04-12 Agm/Dividend - Rs 4/- Per Share
2015-03-13Annual General Meeting
2014-06-16Annual General Meeting / Dividend - Rs 4/- Per Share
2013-04-02Annual General Meeting/Dividend Rs 4 Per Share
2012-05-17Dividend - Rs.4/- Per Share
2011-04-15Dividend - Final Rs 4/- And Special Re 1/- Per Share
2010-05-20Dividend-Rs.4/- Per Share
2009-04-28Agm/Div-Rs.3.50 Per Share
2008-05-30Agm/Div-Rs3.50 Per Share
2007-10-19Rights-Eq 1:3@ Prem Rs215
2007-05-14Agm/Fin Div-Rs3.50 Per Sh
2006-04-27Agm/Fin Div-Rs3.50 Per Sh
DateTypeWhat it says
2026-10-02LitigationPendency of Litigation(s)/dispute(s)
2026-09-30AppointmentAppointment of Mr PRAVEEN KUMAR ASTHANA as Whole Time Director of the company w.e.f. July 15, 2026 pursuant to approval of the members through postal...
2026-09-30AppointmentAppointment of Mr HAYATO KASHIWAGI as Managing Director of the company w.e.f. September 01, 2026 pursuant to approval of members through postal ballot...
2026-09-30Shareholder meetingVoting results.
2026-09-30Shareholder meetingShareholders meeting
2026-09-01General UpdatesThe commencement of tenure of Mr. Hayato Kashiwagi as Managing Driector w.e.f. September 01, 2026.
2026-08-31Shareholder meetingNotice of Postal Ballot
2026-08-29ResignationResignation of Director/KMP/SMP
2026-08-29ResignationResignation of Director/KMP/SMP
2026-08-29ResignationDIC India Limited has filed the detailed resignation received from Mr. Manish Bhatia and he ceases to be the Director, MD & CEO of the Company w.e.f c...
2026-08-12Board meeting outcomeDIC India Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-07-15AppointmentAppointment of Mr PRAVEEN KUMAR ASTHANA as additional Director in the category of Whole Time Director of the company w.e.f. July 15, 2026.
2026-07-15AppointmentAppointment of Ms MEGHNA SAINI as Company Secretary(Compliance Officer) & Legal Head of the company w.e.f. July 15, 2026.
2026-07-15AppointmentAppointment of Mr HAYATO KASHIWAGI as Managing Director of the company w.e.f. September 01, 2026.
2026-07-15Board meeting outcomeOutcome of Board Meeting held on July 15, 2026.
2026-07-14LitigationThe order passed by Additional Commissioner (Appeals) in favour of hte Company setting aside the demand raised by Assistant Commissioner (in-situ), CG...
2026-07-04AppointmentAppointment of Ms MANJUSHA SINGH as Deputy CEO of the company w.e.f. July 04, 2026.
2026-06-30ResignationResignation of Director/KMP/SMP
2026-06-30ResignationResignation of Mr Ashutosh Bishnoi as Head-Legal of the company w.e.f. Jun 30, 2026.
2026-06-18UpdatesFiling of claim against Attharv Sai FlexiPack Private Limited with Interim Resolution Professional.
2026-06-15Disclosure under SEBI TakeovDIC India Limited has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial...
2026-06-02ResignationResignation of Director/KMP/SMP
2026-06-02ResignationResignation of Mr MANISH BHATIA as Managing Director & CEO of the company w.e.f. August 29, 2026.
2026-06-02Board meeting outcomeOutcome of Board Meeting held on Jun 02, 2026.
2026-05-14Registrar & Share Transfer ARegistrar & Share Transfer Agent Update
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Less than 100 unique PAN traded in previous 30 days

Quick answers

What is the market cap of DIC India Ltd?

DIC India Ltd (DICIND) has a market capitalisation of Rs 571 Cr. at the 2026-10-01 close.

What is the P/E ratio of DIC India Ltd?

DIC India Ltd trades at a P/E of 18.6 on trailing twelve-month profit, at the 2026-10-01 close.

What were DIC India Ltd's latest quarterly results?

In the Jun 2026 quarter, DIC India Ltd sales was Rs 284 Cr (+25.7% vs Jun 2025) and net profit was Rs 14 Cr.

What is the 52-week high and low of DIC India Ltd?

The 52-week high is Rs 675.00 and the 52-week low is Rs 450.50.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03