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DIC India Limited (IN:DICIND)
:DICIND
India Market
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DIC India Limited (DICIND) AI Stock Analysis

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IN:DICIND

DIC India Limited

(DICIND)

Rating:62Neutral
Price Target:
₹627.00
▲(9.58% Upside)
DIC India Limited's overall stock score reflects a strong financial recovery with improved revenue and profit margins, supported by a robust balance sheet. However, the technical analysis indicates a bearish trend, and the high P/E ratio suggests potential overvaluation. The lack of earnings call data and corporate events limits additional insights.

DIC India Limited (DICIND) vs. iShares MSCI India ETF (INDA)

DIC India Limited Business Overview & Revenue Model

Company DescriptionDIC India Limited (DICIND) is a prominent player in the printing ink industry, providing a comprehensive range of printing inks, coatings, and allied products. The company is part of the global DIC Corporation, which is one of the world's largest producers of printing inks and supplies. DIC India operates across various sectors, including publishing, packaging, and commercial printing, offering high-quality, innovative solutions tailored to meet the needs of its diverse customer base in the Indian subcontinent.
How the Company Makes MoneyDIC India Limited generates revenue primarily through the sale of its extensive range of printing inks and related products to businesses in the publishing, packaging, and commercial printing sectors. The company's revenue model is based on the direct sale of these products to printers and converters who utilize them in their operations. Key revenue streams include the sale of offset inks, gravure inks, and flexographic inks, which are widely used in newspaper, magazine, and packaging printing. Additionally, DIC India benefits from its strong relationships and partnerships with major printing and packaging companies, which contribute significantly to its earnings by ensuring a steady demand for its products. The company's commitment to innovation and quality helps it maintain a competitive edge and sustain its revenue growth in the dynamic printing industry.

DIC India Limited Financial Statement Overview

Summary
DIC India Limited shows a strong recovery in financial performance in 2024 with improved revenue and profit margins, indicating effective cost management and a return to profitability. The balance sheet remains robust with minimal leverage and strong equity ratios, enhancing financial stability. However, challenges in free cash flow generation relative to net income remain.
Income Statement
72
Positive
DIC India Limited demonstrates strong revenue recovery in 2024 with a 6.3% increase from 2023. The gross profit margin improved significantly to 25.0% in 2024 from 12.6% in 2023, indicating better cost management. Additionally, strong profitability is evident as the net profit margin turned positive at 2.2% in 2024 compared to a negative margin in 2023. However, EBIT and EBITDA margins remain low, suggesting room for operational efficiency improvements.
Balance Sheet
78
Positive
The company maintains a solid balance sheet with a low debt-to-equity ratio of 0.01, showcasing minimal leverage. The equity ratio remains strong at 70.7%, reflecting robust financial stability. Return on equity improved to 4.7% in 2024, up from a negative value in 2023, indicating enhanced shareholder returns. However, a slight decline in total assets could be a concern for future growth.
Cash Flow
65
Positive
DIC India Limited's cash flow position improved in 2024 with positive free cash flow of 81 million INR, reversing the negative trend from the prior year. The operating cash flow to net income ratio of 0.84 suggests solid operational cash conversion. However, the free cash flow to net income ratio indicates limited free cash flow generation relative to net income, highlighting potential cash flow management challenges.
BreakdownTTMDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue8.92B8.78B8.26B8.68B7.42B6.06B
Gross Profit2.01B2.20B1.04B1.74B1.78B1.67B
EBITDA453.89M461.95M-63.47M608.36M322.44M1.28B
Net Income179.29M195.39M-226.76M409.84M123.89M859.00M
Balance Sheet
Total Assets0.005.87B5.81B6.49B6.11B5.29B
Cash, Cash Equivalents and Short-Term Investments397.97M391.82M469.68M670.74M727.66M920.71M
Total Debt0.0034.33M196.84M240.45M54.49M57.46M
Total Liabilities-4.15B1.72B1.85B2.27B2.25B1.50B
Stockholders Equity4.15B4.15B3.96B4.22B3.86B3.79B
Cash Flow
Free Cash Flow0.0081.00M-280.62M-325.34M-306.10M182.20M
Operating Cash Flow0.00163.83M52.57M369.69M-71.15M242.74M
Investing Cash Flow0.00-59.73M-300.05M-341.65M563.07M381.62M
Financing Cash Flow0.00-182.46M46.37M-84.96M-94.90M-443.04M

DIC India Limited Technical Analysis

Technical Analysis Sentiment
Negative
Last Price572.20
Price Trends
50DMA
612.35
Negative
100DMA
637.99
Negative
200DMA
650.18
Negative
Market Momentum
MACD
-9.60
Positive
RSI
42.41
Neutral
STOCH
33.87
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:DICIND, the sentiment is Negative. The current price of 572.2 is below the 20-day moving average (MA) of 591.01, below the 50-day MA of 612.35, and below the 200-day MA of 650.18, indicating a bearish trend. The MACD of -9.60 indicates Positive momentum. The RSI at 42.41 is Neutral, neither overbought nor oversold. The STOCH value of 33.87 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:DICIND.

DIC India Limited Peers Comparison

Overall Rating
UnderperformOutperform
Sector (62)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
70
Outperform
₹5.03B15.95
1.28%-6.06%-16.45%
65
Neutral
₹5.53B25.28
2.30%-2.59%-6.02%
64
Neutral
₹4.94B18.91
0.32%3.49%20.36%
62
Neutral
₹5.25B32.66
0.67%1.60%
62
Neutral
$10.36B6.350.76%2.84%3.10%-36.03%
58
Neutral
₹3.49B19.69
0.51%26.27%-40.62%
54
Neutral
₹5.32B17.08
0.58%1.68%-41.36%
* Basic Materials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
IN:DICIND
DIC India Limited
572.20
-141.37
-19.81%
IN:ASAHISONG
Asahi Songwon Colors Ltd.
296.35
-211.26
-41.62%
IN:PLASTIBLEN
Plastiblends India Limited
194.90
-123.11
-38.71%
IN:PREMIERPOL
Premier Polyfilm Limited
46.40
2.61
5.96%
IN:SUKHJITS
Sukhjit Starch & Chemicals Ltd.
167.15
-114.88
-40.73%
IN:VINYLINDIA
Vinyl Chemicals (India) Limited
301.35
-88.01
-22.60%
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.Date of analysis: Aug 21, 2025