DIC India Limited (IN:DICIND)
:DICIND
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DIC India Limited
(DICIND)
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Rating:61Neutral
Price Target:
₹565.00
▲(16.30% Upside)
Action:Reiterated
Date:05/23/26
The score is primarily supported by strong financial stability (very low leverage) and improved recent cash generation, but is held back by thin/volatile profitability and weaker technical momentum. Valuation is not especially compelling due to a mid-to-high P/E and a low dividend yield.
Positive Factors
Conservative balance sheet
Very low leverage and conservative capitalization give DIC India durable financial flexibility. Minimal debt reduces solvency risk and preserves capacity for capex, working-capital swings or opportunistic investments through downturns, supporting business continuity over months.
Negative Factors
Thin, volatile profitability
Very slim net and operating margins leave earnings highly sensitive to raw-material costs, pricing pressure or volume swings. Persistent margin compression limits internal reinvestment and makes returns on equity modest, constraining long-term earnings resilience.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet
Very low leverage and conservative capitalization give DIC India durable financial flexibility. Minimal debt reduces solvency risk and preserves capacity for capex, working-capital swings or opportunistic investments through downturns, supporting business continuity over months.
Read all positive factors
DIC India Limited (DICIND) vs. iShares MSCI India ETF (INDA)
Market Cap
₹4.63B
Dividend Yield0.82%
Average Volume (3M)625.00
Price to Earnings (P/E)24.1
Beta (1Y)0.58
Revenue Growth3.24%
EPS Growth6.11%
CountryIN
Employees347
SectorBasic Materials
Sector Strength58
IndustryChemicals - Specialty
Share Statistics
EPS (TTM)N/A
Shares Outstanding9,178,977
10 Day Avg. Volume770
30 Day Avg. Volume625
Financial Highlights & Ratios
PEG Ratio-2.31
Price to Book (P/B)1.04
Price to Sales (P/S)0.50
P/FCF Ratio14.60
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
DIC India Limited Business Overview & Revenue Model
Company Description
DIC India Limited is a prominent Indian enterprise primarily involved in the production and distribution of printing inks. Its operations are structured across two principal segments: Printing Inks and Lamination Adhesives. The company offers a di...
How the Company Makes Money
DIC India Limited makes money primarily by manufacturing and selling printing inks and related consumables to business customers (B2B), such as commercial printers and packaging converters. Its core revenue stream is product sales where pricing is...
DIC India Limited Financial Statement Overview
Summary
Income Statement
52
Neutral
Balance Sheet
83
Very Positive
Cash Flow
56
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 8.92B | 8.92B | 8.78B | 8.26B | 8.68B | 7.42B |
| Gross Profit | 1.77B | 1.41B | 2.20B | 1.04B | 1.74B | 1.78B |
| EBITDA | 453.89M | 397.19M | 461.95M | -63.47M | 608.36M | 322.44M |
| Net Income | 179.29M | 173.77M | 195.39M | -226.76M | 409.84M | 123.89M |
Balance Sheet | ||||||
| Total Assets | 0.00 | 6.30B | 5.87B | 5.81B | 6.49B | 6.11B |
| Cash, Cash Equivalents and Short-Term Investments | 397.97M | 646.55M | 391.82M | 469.68M | 670.74M | 727.66M |
| Total Debt | 0.00 | 64.80M | 34.33M | 196.84M | 240.45M | 54.49M |
| Total Liabilities | -4.15B | 2.02B | 1.72B | 1.85B | 2.27B | 2.25B |
| Stockholders Equity | 4.15B | 4.29B | 4.15B | 3.96B | 4.22B | 3.86B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 305.14M | 81.00M | -280.62M | -325.34M | -306.10M |
| Operating Cash Flow | 0.00 | 418.74M | 163.83M | 52.57M | 369.69M | -71.15M |
| Investing Cash Flow | 0.00 | -111.79M | -59.73M | -300.05M | -341.65M | 563.07M |
| Financing Cash Flow | 0.00 | -52.77M | -182.46M | 46.37M | -84.96M | -94.90M |
DIC India Limited Technical Analysis
Neutral
485.80
Price Trends
522.70
Negative
524.36
Negative
521.70
Negative
Market Momentum
-3.79
Negative
49.87
Neutral
61.05
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:DICIND, the sentiment is Neutral. The current price of 485.8 is below the 20-day moving average (MA) of 506.93, below the 50-day MA of 522.70, and below the 200-day MA of 521.70, indicating a neutral trend. The MACD of -3.79 indicates Negative momentum. The RSI at 49.87 is Neutral, neither overbought nor oversold. The STOCH value of 61.05 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:DICIND.
DIC India Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
69 Neutral | ₹6.50B | 20.07 | ― | 0.37% | 11.79% | 22.61% | |
67 Neutral | ₹4.53B | 12.28 | ― | 1.53% | 1.05% | 9.68% | |
64 Neutral | ₹4.65B | 28.35 | ― | 2.90% | 4.35% | -26.11% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
61 Neutral | ₹4.63B | 24.12 | ― | 0.82% | 3.24% | 6.11% | |
56 Neutral | ₹3.06B | 16.20 | ― | 0.56% | -4.78% | -5.01% | |
52 Neutral | ₹5.38B | 19.87 | ― | 0.63% | -4.37% | -32.34% |
* Basic Materials Sector Average
IN:DICIND
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DIC India Limited Corporate Events
DIC India Appeals Delhi Court Order in Star Plastics Recovery Dispute
Apr 22, 2026
DIC India Limited has informed stock exchanges that it has filed an appeal before the Delhi High Court against an order dated April 7, 2026, issued by a District Court in New Delhi in a commercial recovery suit involving Star Plastics. The company...
DIC India opens special window for physical shareholders to re-lodge share transfer requests
Apr 12, 2026
DIC India Limited has notified stock exchanges that it has published newspaper advertisements announcing the opening of a special window for shareholders holding physical share certificates to submit re-lodgement requests for transfer of their sha...
DIC India Holds Virtual AGM, Confirms Board Continuity With Director Reappointment
Mar 23, 2026
DIC India Limited held its 78th annual general meeting on March 23, 2026 via two-way video conferencing and other audio-visual means, in line with guidance from India’s corporate and securities regulators. The meeting saw the presence of key...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.