Minerva Capital Research Solutions

DIC India

NSE: DICINDBSE: 500089
Compare with peers
₹ 539.00▼ 0.1 (−0.02%)28 Oct, 03:29 pm IST
Market cap
₹ 474 Cr.
P/E
21.8x
P/B
1.2x
52-week range
450.5 – 675
ROE
5%
ROCE
6%
Dividend yield
0.5%
Debt / equity
0.01
Sector
Chemicals & Petrochemicals
Industry
Printing Inks
Listed on
NSE, BSE

About

DIC India Limited is an India-based company engaged in the business of manufacturing of printing inks, which covers newsprint ink, offset ink and liquid ink used in newspapers, other publications, and packaging industries. The Company also provides lamination adhesive. It operates through the Printing Inks segment. Its products include news inks, offset inks, gravure inks, flexographic inks, lamination adhesive and specialty inks. Its products have applications in packing, lamination packaging, book, catalog, pamphlet, point of purchase (POP) material printing, lamination packaging, blister packaging, newsprint, printing polyolefin films, high density polyethylene (HDPE), self-adhesive labels, and printing on pouches. The Company has five manufacturing plants, one each at Kolkata (West Bengal), Noida (Uttar Pradesh), Ahmedabad (Gujarat), Bangalore (Karnataka) and Saykha (Gujarat). It serves various sectors, such as newspapers, magazines, book printing, food, white goods, and others.

Quick check

The five things to look at first. Open one for more.

Latest announcements

Exchange filings and their impact on the company.

  • 24 Oct 2026Pendency of Litigation(s)/dispute(s) or the outcome impacting the CompanyLow impactNeutralPrice +2.5% on 26 Oct
    DIC India disclosed an update on its pending transfer-pricing matter with no quantified demand.

    DIC India informed the exchanges on 24 October 2026 about an update on its transfer pricing adjustment matter. The filing was categorized as a litigation pendency update. No demand amount, order details or financial impact were available in the extracted text, so it remains a contingent matter with no confirmed cash outflow for now.

    Filing
  • 15 Oct 2026General UpdatesLow impactNegativePrice +1.5% on 16 Oct
    Income Tax survey disclosed with no findings or demand yet; only minor cost and overhang risk.

    DIC India said the Income Tax Department conducted a survey at its registered office on 14th October 2026. The company said it extended full cooperation to the officials. No findings, tax demand or financial impact was disclosed, so there is no immediate quantifiable effect on the business.

    Filing

Credit ratings

Every rating action on file, newest first, including reaffirmations. Open a row for the agency's reasoning. All credit rating updates

Adequate safety

Rated A by CRISIL
A
DefaultRiskyModerateSafeVery safe
  • No warnings from the agency.
AgencyCurrent ratingOutlookAs of
CRISILCrisil AStable13 Oct 2026
Credit rating actions
RatingDetails
13 Oct 2026
Reaffirmed
Crisil A—CRISIL₹ 150 Cr.
14 Oct 2025
Reaffirmed
Crisil A—CRISIL₹ 150 Cr.
22 Sep 2025
Reaffirmed
Crisil A—CRISIL—

Board meetings

Results dates and other board meetings. Full calendar

Details
3 Nov 2026UpcomingFinancial ResultsTo consider and approve the financial results for the period ended September 30, 2026
12 Aug 2026Financial ResultsTo consider and approve the financial results for the period ended Jun 30, 2026
13 May 2026Financial ResultsTo consider and approve the financial results for the period ended March 31, 2026
24 Feb 2026Financial Results/DividendTo consider and approve the financial results for the period ended December 31, 2025 and dividend
13 Nov 2025Financial ResultsTo consider and approve the financial results for the period ended September 30, 2025
13 Aug 2025Financial ResultsTo consider and approve the financial results for the period ended Jun 30, 2025
8 May 2025Financial ResultsTo consider and approve the Unaudited financial results for the period ended March 31, 2025

Share price

1Y change +4.95%
0 of 2 filing days came with a big price move
Volume (shares)Price (₹)
Close price

Financials

Consolidated figures in ₹ crore.

Quarterly results
₹ Cr.Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales217205199243221219210226223232241284
Expenses212205190231214210203217211220232262
Operating Profit4081279791212922
OPM %2.1%0.2%4.1%4.8%3.3%4.3%3.2%4.1%5%5%3.6%8%
Other Income−17−41225111022
Interest110001000000
Depreciation555555445555
Profit before tax−18−848494686619
Tax %−24%−12%6%26%47%23%26%27%26%26%27%26%
Net Profit−14−746273465414
EPS in Rs−15.07−7.824.586.772.167.792.824.756.44.974.6215.55

Growth and returns

Compounded yearly rates over each period.

Compounded Sales Growth
10 Years
2%
5 Years
8%
3 Years
1%
TTM
12%
Compounded Profit Growth
10 Years
−6%
5 Years
13%
3 Years
22%
TTM
97%
Stock Price CAGR
10 Years
1%
5 Years
5%
3 Years
9%
TTM
—
Return on Equity
10 Years
3%
5 Years
3%
3 Years
3%
TTM
—

Shareholding

Latest: Jun 2026.

Promoters
71.75%
0 pts in a year
Public
28.24%
0 pts in a year

P/E and EPS over time

Daily P/E and trailing 12-month EPS. EPS updates with each result.

P/E 21.8xEPS (12 months) ₹ 24.01Median P/E 15.9x
P/E (times)EPS (₹)

Peers

Listed companies in the same business.

Peer comparison
DIC India₹ 539.00₹ 474 Cr.21.8x1.2x5%—
Asian Paints₹ 2,305.00₹ 2,21,095 Cr.58.1x12.1x21.2%12.4%
Solar Industries India₹ 18,320.00₹ 1,65,778 Cr.99.6x26.6x31.4%17.7%
Pidilite Industries₹ 1,514.00₹ 1,54,107 Cr.64.8x14.7x23.8%16.9%
SRF₹ 2,309.00₹ 68,444 Cr.44.6x6.1x13.8%11.6%
Linde India₹ 5,697.00₹ 48,586 Cr.110.5x14.2x13.6%21.7%

Management

Manish Bhatia
Chief Executive Officer, Managing Director, Additional Director
Manjusha Singh
Deputy Chief Executive Officer
Gagan Deep Singh
Chief Financial Officer
Praveen Kumar Asthana
Chief Operating Officer, Additional Whole Time Director
Meghna Saini
Company Secretary (Compliance Officer), Head- Legal
Sudeep Majumdar
Head-Human Resources
Timir Baran Chatterjee
Chief Corporate Officer, Legal & Corporate Affairs
Hayato Kashiwagi
Non-Executive Non-Independent Director

Prices are delayed and for information only. Nothing on this page is investment advice.