1. India Stocks

  2. •

    Basic Materials

  3. •

    Chemicals - Specialty
DIC India Limited

DIC India Limited

DICIND.BO
DIC India LimitedIN flagBombay Stock Exchange
520.05
INR
-6.35
- -
4.73BMarket Cap
DIC India Limited
DICIND.BO
(Bombay Stock Exchange)

Recent

price

520.05

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
602.86
735.11
780.03
775.36
786.8
816.58
770.49
800.56
907.83
856.99
660.26
808.53
945.66
899.71
956.01
967.83
1,001.16
Revenue per Share
55.28
28.82
23.42
13.66
-33.65
32.37
24.89
-12.85
-10.16
20.1
93.58
13.5
44.65
-24.7
21.29
18.93
20.73
Basic EPS, GAAP
-14.47
-6.97
-12.39
23.25
-8.51
40
33.39
-32.16
-65.55
3.3
19.85
-33.35
-35.44
-30.57
8.82
34.24
- -
Free Cash Flow per Basic Share
4.66
5.8
3.99
3.99
3.99
0.02
3.99
4
- -
- -
4.5
5.99
5
2.02
0.04
3.98
- -
Dividend per Share
10
150.76
167.19
174.8
141.15
166.34
191.15
172.86
162.11
181.76
270.53
277.65
317.21
288.97
309.59
324.19
- -
Book Value per Share
265.53
289.69
304.77
313.56
281.24
308.06
332.28
314.39
284.38
304.12
413.08
420.25
459.89
431.5
452.23
466.89
- -
Tangible Book Value per Share
9
9
9
9
9
9
9
9
9
9
9
9
9
9
9
9
9
Basic Weighted Avg Shares
5,534
6,748
7,160
7,117
7,222
7,495
7,072
7,348
8,333
7,866
6,061
7,421
8,680
8,258
8,775
8,884
9,189
Sales/Revenue/Turnover
7.16
7.5
5.15
2.26
-0.95
6.42
4.54
-0.38
-1.51
1.42
1.86
2.01
0.97
-0.89
2.32
2.8
2.51
Operating Margin (%)
86
88
101
122
127
174
153
156
133
112
147
143
134
182
191
184
185
Depreciation Expense
507
265
215
125
-309
297
228
-118
-93
184
859
124
410
-227
195
174
190
Net Income, GAAP
21.76
30.74
31.74
- -
- -
26.27
25.87
- -
- -
- -
22.53
26.09
7.51
- -
24.55
26.52
26.57
Effective Tax Rate (%)
9.17
3.92
3
1.76
-4.28
3.96
3.23
-1.6
-1.12
2.35
14.17
1.67
4.72
-2.75
2.23
1.96
2.07
Profit Margin (%)
1,849
1,810
1,878
2,008
1,718
2,076
2,254
2,137
1,886
2,046
2,691
2,838
2,620
2,181
2,579
2,771
- -
Working Capital
115
227
- -
- -
- -
- -
- -
- -
- -
- -
34
32
202
30
22
24
- -
LT Debt
2,437
2,659
2,831
2,914
2,605
2,837
3,065
2,897
2,799
2,979
3,794
3,859
4,222
3,963
4,153
4,286
- -
Total Equity
12.49
12.37
8
- -
- -
12.19
8.08
- -
- -
- -
2.27
2.68
1.88
- -
3.74
4.38
- -
Return on Invested Capital (%)
144.96
28.65
11.58
- -
- -
20.79
14.75
- -
- -
- -
38.32
5.21
15.43
- -
7.29
6.25
129.48
Return on Capital (%)
552.78
35.85
14.73
7.99
-21.3
21.05
13.92
-7.06
-6.06
11.69
41.38
4.92
15.01
-8.15
7.11
5.97
- -
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
- -
17
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
24
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
- -
9
- -
Market Capitalization
4,690
4,399
4,328

Working Capital

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
- -
4,721
- -
Cash, Cash Equivalents & STI
- -
664
- -
Accounts Receivable, Net
- -
2,634
- -
Inventories
- -
1,256
- -
Total Current Liabilities
- -
1,951
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
17
- -
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
4.59%
2.6%
3.23%
Free Cash Flow
17.08%
-23.27%
287.96%
Net Income, GAAP
-33.52%
-41.47%
-11.07%
Sales/Revenue/Turnover
2.52%
8.41%
1.24%
Total Cash Common Dividend
- -
2,002.47%
10,153.37%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1,973
2,418
2,200
2,185
8,775
2025
2,093
2,258
2,222
2,311
8,884
2026
2,398
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
4.57
6.76
2.16
7.79
21.29
2025
2.82
4.75
6.4
4.96
18.93
2026
4.62
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
0.04
2025
- -
- -
- -
- -
3.98
2026
- -
- -
- -
- -
- -
Similar Companies
Link Pharma Chem Ltd. (LINKPH.BO)
Poet Biorefining LLC (PTBBU)
Olin Corporation (OLN)
S H Kelkar and Company Limited (SHK.NS)
Elantas Beck India Limited (ELANTAS.BO)
Europa Oil & Gas (Holdings) plc (EOG.L)
Business
DIC India Limited, a subsidiary of DIC Asia Pacific Pte Ltd. (Singapore) and part of Japan's DIC Corporation, manufactures and markets printing inks, lamination adhesives, coatings and allied products for the printing, publishing and packaging industries across India. Founded in 1947 as Coates of India Private Limited and renamed DIC India Limited in 2004, the company is headquartered in Noida, Uttar Pradesh, with registered offices in Kolkata, West Bengal, and operates manufacturing facilities in Noida, Saykha (Gujarat), Bengaluru, Ahmedabad and additional blending, warehousing and R&D centres nationwide. Its core portfolio encompasses gravure inks such as Smart KF/TF, Hikari HSKF and HSTF series for flexible packaging on BOPP, polyester and cellophane; flexographic inks including water-based, solvent-based and UV-curable Polytone, GPL, Easiflex, SunEster and Solimax for labels and high-speed packaging; offset inks like Fusion G, Geos G, SynerG EX Plus and Inspira for commercial printing on books, magazines, posters and cartons; news inks such as Popular, Polar, Express and Color Man series for newspapers and textbooks; publication and mineral oil-free (MOF) sheetfed offset inks; UV curable inks and low migration low odour (LMLO) inks for food, pharmaceutical and sensitive packaging; metal deco inks for cans and tubes; narrow web flexo inks, varnishes and specialties; corrugated box water-based flexo inks; solvent-based lamination adhesives (LX 800, LX 811, LX 830, LX 8321) and solvent-free adhesives (NS 5210A, HA 520B, NS 5310A, HA 530B); barrier coatings and adhesives; aqueous and UV coatings like Sun Coat LMQ; and pressroom chemicals including overprint varnishes. In recent years, DIC India opened a new liquid inks manufacturing facility in Saykha, Gujarat (2023), launched food packaging safe inks for flexibles and flexo product offerings (2022), expanded adhesives production with a plant in Bengaluru (2019), commenced news ink production in Noida (2016), introduced advanced toluene- and ketone-free inks like AquaSmart and Sigma WAL for compliance and sustainability, enhanced R&D at Noida and Bengaluru centres for pan-Asia Pacific innovations, and intensified CSR efforts in 2024 focused on education via Project Deeksha and zero-waste management via Project Saksham in Saykha while achieving zero reportable safety incidents, 4% lower CO2 emissions per ton and 20% reduced water use per ton.