Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of DIC India
Quarter-by-quarter operating performance
| Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 199.36 | 207.69 | 216.67 | 205.13 | 198.60 | 242.70 | 221.01 | 219.22 | 210.21 | 226.48 | 223.17 | 231.93 | 240.52 |
| Expenses + | 196.44 | 205.82 | 212.19 | 204.68 | 190.47 | 231.09 | 213.72 | 209.81 | 203.42 | 217.12 | 211.43 | 220.11 | 231.85 |
| Operating Profit | 2.92 | 1.87 | 4.48 | 0.45 | 8.13 | 11.61 | 7.29 | 9.41 | 6.79 | 9.36 | 11.74 | 11.82 | 8.67 |
| OPM % | 1.46% | 0.90% | 2.07% | 0.22% | 4.09% | 4.78% | 3.30% | 4.29% | 3.23% | 4.13% | 5.26% | 5.10% | 3.60% |
| Other Income + | 3.16 | 1.28 | -16.54 | -3.50 | 1.45 | 1.93 | 1.54 | 5.39 | 1.43 | 1.32 | 1.19 | -0.22 | 2.00 |
| Interest | 1.17 | 1.31 | 1.13 | 0.54 | 0.36 | 0.32 | 0.34 | 0.74 | 0.33 | 0.29 | 0.33 | 0.47 | 0.34 |
| Depreciation | 3.63 | 4.97 | 5.01 | 4.60 | 4.73 | 4.86 | 4.76 | 4.74 | 4.37 | 4.40 | 4.67 | 4.93 | 4.54 |
| Profit before tax | 1.28 | -3.13 | -18.20 | -8.19 | 4.49 | 8.36 | 3.73 | 9.32 | 3.52 | 5.99 | 7.93 | 6.20 | 5.79 |
| Tax % | 28.91% | -18.21% | -24.01% | -12.21% | 6.46% | 25.72% | 46.65% | 23.28% | 26.42% | 27.21% | 25.98% | 26.45% | 26.77% |
| Net Profit + | 0.91 | -2.57 | -13.83 | -7.18 | 4.20 | 6.21 | 1.98 | 7.15 | 2.59 | 4.36 | 5.87 | 4.56 | 4.24 |
| EPS in Rs | 0.99 | -2.80 | -15.07 | -7.82 | 4.58 | 6.77 | 2.16 | 7.79 | 2.82 | 4.75 | 6.40 | 4.97 | 4.62 |
Financials of DIC India
Annual income statement trend
| 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 | 922 |
| Expenses + | 723 | 691 | 665 | 726 | 839 | 771 | 586 | 722 | 851 | 819 | 845 | 852 | 881 |
| Operating Profit | -1 | 59 | 42 | 12 | -1 | 20 | 23 | 23 | 21 | 10 | 36 | 40 | 42 |
| OPM % | -0% | 8% | 6% | 2% | -0% | 3% | 4% | 3% | 2% | 1% | 4% | 4% | 5% |
| Other Income + | -20 | 4 | 6 | -9 | 15 | 13 | 105 | 10 | 41 | -16 | 10 | 4 | 4 |
| Interest | 6 | 5 | 2 | 3 | 6 | 5 | 2 | 1 | 4 | 4 | 2 | 1 | 1 |
| Depreciation | 13 | 17 | 15 | 16 | 13 | 11 | 15 | 14 | 13 | 18 | 19 | 18 | 19 |
| Profit before tax | -39 | 40 | 31 | -16 | -6 | 17 | 111 | 17 | 44 | -28 | 26 | 24 | 26 |
| 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 | 19 |
| EPS in Rs | -33.65 | 32.37 | 24.88 | -12.84 | -10.15 | 20.10 | 93.58 | 13.50 | 44.65 | -24.71 | 21.29 | 18.93 | 20.74 |
| Dividend Payout % | 0% | 12% | 16% | 0% | 0% | 22% | 6% | 37% | 4% | 0% | 19% | 16% |
Financials of DIC India
Capital structure and asset base
| Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 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 |
| Borrowings + | 35 | 2 | 0 | 35 | 51 | 35 | 6 | 5 | 24 | 20 | 3 | 4 |
| Other Liabilities + | 139 | 122 | 143 | 167 | 273 | 136 | 144 | 220 | 203 | 165 | 169 | 198 |
| Total Liabilities | 435 | 408 | 445 | 492 | 603 | 469 | 529 | 611 | 649 | 581 | 587 | 630 |
| Fixed Assets + | 87 | 71 | 69 | 54 | 57 | 59 | 79 | 76 | 88 | 143 | 141 | 138 |
| CWIP | 2 | 2 | 4 | 7 | 3 | 1 | 1 | 9 | 77 | 15 | 4 | 1 |
| Investments | 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 |
| Total Assets | 435 | 408 | 445 | 492 | 603 | 469 | 529 | 611 | 649 | 581 | 587 | 630 |
Financials of DIC India
Operating, investing and financing cash movement
| Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 2 | 42 | 46 | -13 | -9 | 58 | 24 | -7 | 37 | 5 | 16 | 43 |
| Cash from Investing Activity + | -10 | -5 | -15 | -3 | -22 | -37 | 38 | 56 | -34 | -30 | -6 | -10 |
| Cash from Financing Activity + | 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% |
Financials of DIC India
Working capital efficiency and return ratios
| 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% |
EBITDA margin improvement potential in explosive business to reach mid-teens (18-19% global benchmarks), with combined Solar-BME margins currently at 13-14%…
The net debt has already been reduced significantly from Rs.922 Crores at acquisition to Rs.531 Crores. Key concall takeaways from Sudarshan Chemical…
250-260 crores in FY27 with about 20% EBITDA margin, growing at 11-12% annually in absolute terms. Key concall takeaways from Indo Borax & Chemicals Ltd's Q1…
Chemicals business is guided for 15-20% growth in FY27, with a strong Q1 performance positioning the company to possibly hit the higher end of this range (Page…