DIC India Ltd (DICIND) Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating

DIC India was formally born on April 2, 1947; it had been precededsince 1937 by the lesser presence of its parent company in India.

DICIndia is part of Dainippon Ink & Chemicals Inc. of Japan (DIC). Thecompany, along with its subsidiaries, are the world leaders in printinginks with a global market share of nearly 40 per cent. DIC is not onlya leader in Graphic Arts but has a strong presence in printers’supplies, machinery, pigments and reprographic products.

It offerinks for all types of printing processes and methods. Its inks bothoffset and liquid are enabled for use in new-generation, upgradedprinting machines. Its latest brand of Offset process colourbrand-named 'XTRA SPEED' is specially user-friendly for high speedprinting jobs, it also  produces a wide range of UV lacquersbrand-named 'Viocure' to enhance the print quality of high value-addedjobs done to exacting standards. It offers users a wide range ofinternational brands from DIC, Sun Chemical and Coates Screen to covervirtually all possible applications.

DIC India Limited has itsregistered and head offices at Kolkata and manufacturing facilities atKolkata, Delhi, Mumbai, Chennai, Noida and Ahmedabad. The industrialcoatings manufacturing facility of it’s wholly owned subsidiary DICCoatings India Limited is located at Bangalore. DIC India’s majorrevenues are generated from printing inks. In keeping with itsleadership status in its industry, DIC India is a truly all-Indiacompany.

Scientists at DIC have at their disposal all necessarytools, be it spectrophotometer and colour computer, UV rigs or FTIR.DIC Research & Development benefits from world wide experience andknowledge from DIC and its worldwide subsidiaries.

DIC India’sproduct range in inks is truly wide. Its six factories manufacture inksof diverse kinds including black inks, offset inks, liquid inks, screeninks and print finish inks. These cover virtually all printingprocesses in use in the country today.

DIC India has strictpolicies for the use of materials based on international codes ofpractice. The Company has taken voluntary measures to ensure highsafety, health and environment standards at its establishments. Theycover aspects such as waste disposal, occupational health hazardsminimisation, internal safety audits, safety training and providingadvice to customers and contractors on the safe handling, disposal andtransportation of the company’s products.

Various proactiveactions have been taken which include adoption of cleaner technology,conservation of resources through waste reduction, recycling and reuseof waste materials and ongoing training of employees. The Safety,Health and Environment Department of the company oversees and reviewsthe integrated environment, occupational health and safety audits whichensure comprehensive coverage of all Company locations.

Thecompany had two wholly owned subsidiary viz. DIC Coatings India Limitedand Rohit (Printing Inks and Paints) Industries Private Limited. In 2008 Rohit (Printing Inks & Paints) Industries Private Limited, had been amalgamated with the company.

In 2010, DIC India sold its entire stake in Coates Coating India Private Limited to Valspar, a North American manufacturer of paints and coatings.