Balance Sheet StrengthDIC's minimal leverage and high equity ratio provide durable financial flexibility. With debt/equity near 0.01 and equity at ~70.7%, the company can fund working capital, absorb cyclical shocks and pursue selective investments without significant interest burden over the medium term.

Margin Recovery And ProfitabilityA material rise in gross margin to 25% and a return to positive net margin indicate sustained improvements in cost management and pricing. If maintained, these margins enhance the firm's ability to invest in higher‑value specialty inks and strengthen long‑run profitability versus commoditized peers.

Improving Cash GenerationFCF turning positive (INR 81m) and an OCF-to-net-income ratio of ~0.84 show operational cash conversion is improving. This strengthens short-to-medium term self-funding ability for working capital and modest reinvestment, reducing near-term reliance on external financing.

Bears Say

Low Operating MarginsDespite margin recovery at the gross and net levels, persistently low EBIT/EBITDA margins limit operating leverage and profitability resilience. Thin operating margins reduce capacity to absorb cost shocks, constrain reinvestment potential, and limit cushion over the coming quarters.

Limited Discretionary Free CashWhile FCF is positive, the modest free-cash-flow-to-net-income ratio signals limited excess cash after operations. That constraint can restrict capital expenditures, acquisitions, or higher dividends, forcing trade-offs between growth and shareholder returns in the medium term.

Raw Material Cost ExposureThe business is structurally exposed to petrochemical-derived inputs (pigments, resins, solvents). Volatile raw material prices and limited pass-through ability can compress margins cyclically, creating recurring pressure on profitability across a 2–6 month horizon.

DIC India Limited News

DIC India Announces Leadership Change in Sales and Marketing

DIC India Limited ( ($IN:DICIND) ) just unveiled an announcement. DIC India Limited has announced a leadership change...

15d ago

DIC India Limited Reports Significant Reduction in GST Demand

DIC India Limited ( ($IN:DICIND) ) has shared an update. DIC India Limited has informed the stock exchanges...

3M ago

DIC India Limited Resolves GST Dispute with Significant Tax Reduction

An update from DIC India Limited ( ($IN:DICIND) ) is now available. DIC India Limited has announced a...

3M ago

DIC India Receives GST Show Cause Notice, Claims No Material Impact

DIC India Limited ( ($IN:DICIND) ) just unveiled an update. DIC India Limited has received a show cause...

5M ago

DIC India Limited Announces Postal Ballot Notice Publication

DIC India Limited ( ($IN:DICIND) ) has issued an update. DIC India Limited has announced the publication of...

5M ago

DIC India Publishes Year-End Financial Results

The latest update is out from DIC India Limited ( ($IN:DICIND) ). DIC India Limited announced the publication...

12M ago

DICIND FAQ

What was DIC India Limited’s price range in the past 12 months?

DIC India Limited lowest stock price was ₹461.40 and its highest was ₹739.90 in the past 12 months.

What is DIC India Limited’s market cap?

DIC India Limited’s market cap is ₹4.68B.

When is DIC India Limited’s upcoming earnings report date?

DIC India Limited’s upcoming earnings report date is May 07, 2026 which is in 79 days.

How were DIC India Limited’s earnings last quarter?

Currently, no data Available

Is DIC India Limited overvalued?

According to Wall Street analysts DIC India Limited’s price is currently Overvalued. Get more investment ideas with TipRanks Premium

Does DIC India Limited pay dividends?

DIC India Limited pays a Annually dividend of ₹4 which represents an annual dividend yield of 0.82%. See more information on DIC India Limited dividends here

What is DIC India Limited’s EPS estimate?

DIC India Limited’s EPS estimate for its next earnings report is not yet available.

How many shares outstanding does DIC India Limited have?

DIC India Limited has 9,178,977 shares outstanding.

What happened to DIC India Limited’s price movement after its last earnings report?

Currently, no data Available

Which hedge fund is a major shareholder of DIC India Limited?

Currently, no hedge funds are holding shares in IN:DICIND

What is the TipRanks Smart Score and how is it calculated?

Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology

Company Description

DIC India Limited

DIC India Limited engages in the manufacture and sale of printing inks in India. It operates in two segments, Printing Inks and Lamination Adhesives. The company offers news, offset, gravure, flexographic, and specialty inks; lamination adhesives; packaging solutions; and UV inks and coating products. It serves newspapers, magazines, conversion agents, and printing and packaging industries. The company was formerly known as Coates of India Limited and changed its name to DIC India Limited in August 2004. DIC India Limited was founded in 1937 and is based in Noida, India. DIC India Limited is a subsidiary of DIC Asia Pacific Pte Limited.