DIC India Share Price & Earnings Call Analysis

₹544.55-1.86% today
Market cap
₹500 Cr
P/E
16.29
ROE
4.51%
PEG
0.75
Price to sales
0.51
Debt to equity
0.01
52W high / low
₹666 / ₹462
Sales growth (5Y)
7.95%
EBITDA margin
5.58%
Net profit margin
2.14%
Promoter holding
71.75%
Sales (last year)
₹980 Cr

Incorporated in 1947, DIC India Ltd is in the business of manufacturing Printing Inks, and also provides Lamination Adhesive[1]

Potential multibaggers · Q2 FY27

Potential multibaggers in Chemicals & Petrochemicals
on management's own guidance

  1. Strong growth
    2
  2. Strong growth
    1
  3. Strong growth
    3

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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.

Peers

Chemicals & Petrochemicals companies ranked on guidance

#CompanyRevenue guidedMargin guidedMarket capP/E
140%+Up 0–2%₹234 Cr3.0
240%+Flat₹3,888 Cr48.5
340%+Flat₹3,514 Cr4.3
440%+Flat₹180 Cr11.9
540%+Flat₹138 Cr15.1
620–40%Up 2%+₹1.70L Cr85.4

Financials of DIC India

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Shareholder Pattern

DIC India

Shareholding breakup across reporting periods.

Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Promoters +71.75%71.75%71.75%71.75%71.75%71.75%71.75%71.75%71.75%71.75%71.75%71.75%
Public +28.26%28.25%28.24%28.23%28.23%28.24%28.24%28.24%28.25%28.25%28.24%28.25%
No. of Shareholders7,0636,9186,9756,3816,4176,6526,3746,4736,4206,3376,2606,407

Financials of DIC India

Quarterly Results

Quarter-by-quarter operating performance

Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales +208217205199243221219210226223232241284
YoY Sales growth-4%-11%-0%+17%+2%+7%+6%-7%+1%+6%+14%+25%
Expenses +206212205190231214210203217211220232262
Operating Profit24081279791212922
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 +1-17-41225111-022
Interest1110001000000
Depreciation5555555445555
Profit before tax-3-18-848494686619
Tax %-18%-24%-12%6%26%47%23%26%27%26%26%27%26%
Net Profit +-3-14-746273465414
EPS in Rs-2.80-15.07-7.824.586.772.167.792.824.756.404.974.6215.55

Financials of DIC India

Profit & Loss

Annual income statement trend

Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025TTM
Sales +722750707738838791608745872829882892980
Sales growth+1%+4%-6%+4%+14%-6%-23%+22%+17%-5%+6%+1%+12%
Expenses +723691665726839771586722851819845852925
Operating Profit-1594212-12023232110364055
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 +-2046-915131051041-161045
Interest6523652144212
Depreciation13171516131115141318191819
Profit before tax-394031-16-6171111744-28262439
Tax %-21%26%26%-25%58%-6%23%26%8%-20%25%27%
Net Profit +-313023-12-918861241-23201729
EPS in Rs-33.6532.3724.88-12.84-10.1520.1093.5813.5044.65-24.7121.2918.9331.54
Dividend Payout %0%12%16%0%0%22%6%37%4%0%19%16%

Financials of DIC India

Balance Sheet

Capital structure and asset base

Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025Jun 2026
Equity Capital9999999999999
Reserves251275293281271289370377413387406419435
Borrowings +3520355135652420343
Other Liabilities +139122143167273136144220203165169198289
Total Liabilities435408445492603469529611649581587630737
Fixed Assets +877169545759797688143141138135
CWIP224731197715412
Investments0000000000000
Other Assets +346335372431543408449526484423442491599
Total Assets435408445492603469529611649581587630737

Financials of DIC India

Cash Flows

Operating, investing and financing cash movement

Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Cash from Operating Activity +24246-13-95824-73751643
Cash from Investing Activity +-10-5-15-3-22-373856-34-30-6-10
Cash from Financing Activity +1-37-102812-22-44-9-85-18-7
Net Cash Flow-602112-1901840-6-20-825
Free Cash Flow-83731-16-16318-132-261032
CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit-81%88%139%-102%751%298%202%12%200%73%43%124%

Financials of DIC India

Ratios

Working capital efficiency and return ratios

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%
34out of 100

Momentum score · price trend

34 out of 100 — Cooling

Over the past year its share price has done worse than most of the stocks we track.

PeriodShare price changeBetter than … of 1,910 stocks
Last 12 months+7.5%66%
Last 6 months+4.2%61%
Last 3 months+8.8%81%

The price is 30.6% below its all-time high of ₹799.95 (18 Oct 2024). Stocks more than 20% below their peak have their score halved, so 67 became 34.

How we calculate it

“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).

The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For DIC India: 0.4 × 66 + 0.4 × 61 + 0.2 × 81 = 67, halved to 34 because the price is more than 20% below its all-time high.

Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.

Full methodology →

This describes only how the share price has moved up to 2 Nov 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.

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