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DIC India

DICIND
Micro Cap
(%) 1D
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1D1W1M3M6M1YMAX

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DIC India Share price and Fundamental Analysis

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DIC India Limited (formerly known as Coates India Limited) was incorporated as a Public Limited Company on April 02, 1947 by the Founder, Manish Bhatia. The Company is a subsidiary of DIC Asia Pacific Pte Limited, Singapore and the Ultimate Holding Company is DIC Corporation, Japan. The Company is engaged in manufacturing of printing inks, which covers newsprint ink, offset ink and liquid ink used in newspapers, other publications and packaging industries. It provides lamination adhesive. It has 4 manufacturing plants one each at Kolkata (West Bengal), Noida (Uttar Pradesh), Ahmedabad (Gujarat) and Bangalore (Karnataka).
Company Incorporation1947
ChairmanNA
Head QuartersNoida
Previous NameNA

Key Metrics

Market Cap (Cr)
596.17
PE Ratio
34.26
Industry P/E
52.71
PEG Ratio
-0.18
ROE
4.71%
ROCE
6.61%
ROA
3.05%
Total Debt (Cr)
3.43
Debt to Equity
0.01
Dividend Yield
0.62%
EPS
18.96
Book Value & P/B
452.39 x 1.44
Face Value
10
Outstanding Shares(Cr)
0.92
Current Ratio
2.57
EV to Sales
0.63

Included In

+More

Stock Returns

1 Week+0.95%
1 Month+1.05%
6 Months-7.62%
1 Year+17.25%
3 Years+75.69%
5 Years+91.95%

CAGR

1 Year CAGR

Revenue Growth

+6.36%

Net Profit Growth

-186.17%

Operating Profit Growth

-894.87%

Dividend Growth

N/A

Stock Returns CAGR

+17.25%
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1.9
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Dec 24

Promoters : 71.75%

FIIs : 0.00%

DIIs : 0.00%

Public : 28.25%

Promoter
FII/FPI
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Public
Promoter Pledge stands at 0.0% of holding in December 2024 Qtr

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DIC India Management and History

Company Management

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Company History

DIC India Limited (formerly known as Coates India Limited) was incorporated as a Public Limited Company on April 02, 1947 by the Founder, Manish Bhatia. The Company is a subsidiary of DIC Asia Pacific Pte Limited, Singapore and the Ultimate Holding Company is DIC Corporation, Japan. The Company is engaged in manufacturing of printing inks, which covers newsprint ink, offset ink and liquid ink used in newspapers, other publications and packaging industries. It provides lamination adhesive. It has 4 manufacturing plants one each at Kolkata (West Bengal), Noida (Uttar Pradesh), Ahmedabad (Gujarat) and Bangalore (Karnataka).

The company went public in 1962. Coates Brothers, UK, has a 51% stake in the company. The company is a part of Dainippon Ink & Chemicals Inc. (DIC), Japan. DIC along with its subsidiaries are the world leaders in printing inks with global market share of nearly 40%.

During the year 2001 Coates India made a restructuring in their organisation. As per the restructuring DIC is in the process of reorgnising its holdings into single entity viz DIC Asia Pacific Pte Ltd. The 51% stake conssiting of 3511624 shares held by Coates Brother Plc UK has been acquired Sun Chemical group B.V., in October,2001. Consequent to this acquisition of the shares,the total equity stake held by Sun Chemical group in the company went up to 59.42%.

In the second phase DIC Asia Pacific Pte Ltd has acquired the entire stake of 59.42% of the paid up capital from Sun Chemical group B.V.,through an inter-se transfer within the Group Holding. As on December,2002 DIC Asia Pacific Pte Ltd holds 59.54% stake in Coates of India Ltd.

The first unit to manufacture printing inks, surface coatings and allied products came up in 1947 in Calcutta, and other manufacturing units were established in Chennai (1958), Mumbai (1960), Delhi (1966) and Noida (1990) in a phased manner, to cater to the demands of the local market.

Coates has diversified into the production of industrial adhesives for which the technology was supplied by Bostik, UK which commenced its commercial production in Jul.'93. It undertook a chip project for the in-house manufacture of certain intermediate products. This project lead to a significant improvement in the quality and productivity of the company's core business of inks.

In March 2001 the company has acquired the entire share capital of Rohit Industries Pvt Ltd with a view to utilise its resources in an effective manner. Rohit has now become a wholly owned subsidiary of the company. The installed capacity of Printing Inks was increased from 15060 Tonnes to 17280 Tonnes.

The company has expanded the installed capacity of Printing Ink during the year 2002-03 by 2124 TPA and with this expansion the total capacity has risen to 23376 TPA. The name of the company has been changed during August 2004 from Coates of India Limited to DIC India Limited.

During the year 2004, the Company set up a state of the art new Lamination Adhesives Project within the existing DCIL's factory site at Bangalore with the technical support of DIC, Japan, completed trial runs and commenced commercial production in December, 2004.

As on 31st December, 2003, DIG Asia Pacific Pte Ltd., (DAPPL) Singapore held 4,312,888 shares in its own name and 215,000 shares acquired from the market were held in the name of DSP Merill Lynch Ltd on behalf of DAPPL. During the year 2003-04, Company, however, received the approval from the Reserve Bank of India dated 25th June, 2004 for transfer of 215,000 shares held by DSP Merill Lynch Ltd on behalf of DAPPL. Thus, after the transfer of shares, DAPPL is holding 4,527,888 shares representing 65.76% of the paid up equity capital of Company.

In the Board Meeting dated 6th February, 2007 of the Board of Directors of Rohit, approved the merger of the Company with its holding Company, DIC India Limited. The Company also approved the merger of its subsidiary, Rohit with the Company. The Company had since received the certified copy of the Court Order dated 28th February, 2008 from the Hon'ble High Court, Calcutta sanctioning the Scheme of Amalgamation with effect from 1st April, 2007.

The Company commissioned the Liquid Ink Mother Plant (LIMP) at Noida, UP on 25th September, 2008 for which the Company had come out with the aforesaid Rights Issue.

During the year 2010, the Company sold its entire shareholding in the wholly owned subsidiary, DIC Coatings India Limited, to The Valspar (Singapore) Corporation Pte Limited. Thereafter the Board of Directors of DIC India Limited in its meeting held on 26th May, 2010 approved the sale of the entire shareholding in its wholly owned unlisted subsidiary, DIC Coatings India Limited, to The Valspar (Singapore) Corporation Pte Limited for an aggregate consideration of Rs.400,680,362. With effect from 1st June, 2010, DIC Coatings Limited ceased to be a subsidiary of Company.

The Company set up a new plant for Lamination Adhesive at Bangaluru during the year 2012 which costed Rs.291.72 million.

DIC India Share Price

DIC India share price reflects investor sentiment toward the company and is impacted by various factors such as financial performance, market trends, and economic conditions. Share price is an indicator which shows the current value of the company's shares at which buyers or sellers can transact.

DIC India Market Cap

Market capitalization of DIC India indicates the total value of its outstanding shares. Marketcap is calculated by multiplying share price and outstanding shares of the company. It is a helpful metric for assessing the company's size and market Valuation. It also helps investors understand how DIC India is valued compared to its competitors.

DIC India PE Ratio

DIC India PE ratio helps investors understand what is the market value of each stock compared to DIC India 's earnings. A PE ratio higher than the average industry PE could indicate an overvaluation of the stock, whereas a lower PE compared to the average industry PE could indicate an undervaluation.

DIC India PEG Ratio

The PEG ratio of DIC India evaluates its PE ratio in relation to its growth rate. A PEG ratio of 1 indicates a fair value, a PEG ratio of less than 1 indicates undervaluation, and a PEG ratio of more than 1 indicates overvaluation.

DIC India ROE (Return on Equity)

Return on Equity (ROE) measures how effectively DIC India generates profit from shareholders' equity. A higher ROE of more than 20% indicates better financial performance in terms of profitability.

DIC India ROCE (Return on Capital Employed)

Return on Capital Employed (ROCE) evaluates the profitability of DIC India in relation to its capital employed. In simple terms, ROCE provides insight to investors as to how well the company is utilizing the capital deployed. A high ROCE of more than 20% shows that the business is making profitable use of its capital.

DIC India Total Debt

Total debt of DIC India shows how much the company owes to either banks or individual creditors. In simple terms, this is the amount the company has to repay. Total debt can be a very useful metric to show the financial health of the company. Total debt more than equity is considered to be a bad sign.

DIC India Debt to Equity Ratio

The Debt-to-Equity (DE) ratio of DIC India compares its total debt to shareholders' equity. A higher Debt to Equity ratio could indicate higher financial risk, while a lower ratio suggests that the company is managing its debt efficiently.

DIC India CAGR (Compound Annual Growth Rate)

CAGR shows the consistent growth rate of DIC India over a specific period, whether it is over a month, a year, or 10 years. It is a key metric to evaluate the company’s long-term growth potential. Main metrics for which CAGR is calculated are net sales, net profit, operating profit, and stock returns.

DIC India Technical Analysis

Technical analysis of DIC India helps investors get an insight into when they can enter or exit the stock. Key components of DIC India Technical Analysis include:

Support Levels (S1, S2, S3)

There are usually multiple support levels, but the main support levels for a stock are S1, S2, S3. Support levels indicate price points where stock might get support from buyers, helping the stock stop falling and rise.

Resistance Levels (R1, R2, R3)

There are usually multiple resistance levels, but the main resistance levels for a stock are R1, R2, R3. Resistance levels represent price points where DIC India shares often struggle to rise above due to selling pressure.

DIC India Dividends

Dividends refer to the portion of the company’s profits distributed to its shareholders. Dividends are typically paid out in cash and reflect DIC India ’s financial health and profitability.

DIC India Bonus Shares

Bonus shares are usually given by companies to make the stock more affordable, increase liquidity, boost investor confidence, and more.

DIC India Stock Split

Stock split increases the number of its outstanding shares by dividing each existing share into multiple shares. When the company offers a stock split, the face value of the stock reduces in the same proportion as the split ratio.

DIC India Financials

The financials of DIC India provide a complete view to investors about its net sales, net profit, operating profits, expenses, and overall financial health. Investors can analyze financial data to assess the company’s stability and also understand how the company has been growing financially.

DIC India Profit and Loss Statements

The profit and loss statement of DIC India highlights its net sales, net profit, total expenditure, and operating profits in the current financial year. This Profit and Loss statement is crucial for evaluating the profitability and financial stability of DIC India .

DIC India Balance Sheet

The balance sheet presents a snapshot of DIC India ’s assets, liabilities, and equity of shareholders, providing insights into the financials of the company.

DIC India Cashflow Statements

Cashflow statements track the company's cash inflows and outflows over a period. It is an essential tool for understanding how well the company manages its liquidity and finances.

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