DIC India Ltd - Stock Valuation and Financial Performance

BSE: 500089 | NSE: DICIND | Chemicals | Small Cap

DIC India Share Price

424 2.40 0.57%
as on 12-Apr'24 16:59

DeciZen - make an informed investing decision on DIC India

Overall Rating
M-Cap below 500cr. High Risk from low Liquidity Bole Toh

1. Quality

2. Valuation

Fair

3. Price Trend

DIC India stock performance -

mw4me loader
P/E Ratio (SA):
0.00
Market Cap:
389.2 Cr.
52-wk low:
380.8
52-wk high:
553.9

Is DIC India Ltd an attractive stock to invest in?

1. Is DIC India Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that DIC India Ltd is a below average quality company.

2. Is DIC India Ltd undervalued or overvalued?

The key valuation ratios of DIC India Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

3. Is DIC India Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of DIC India Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of DIC India:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
DIC India Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Dec'14Dec'15Dec'16Dec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23TTM
ROCE % -3.5%11.9%8.6%-0.2%-1.2%6.8%5.6%3.5%5.2%-2.1%-
Value Creation
Index
-1.3-0.2-0.4-1.0-1.1-0.5-0.6-0.8-0.6-1.2-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 722750707738838791608745872829829
Sales YoY Gr.-3.8%-5.6%4.4%13.5%-5.6%-23.1%22.5%17.1%-5%-
Adj EPS -16.53425.8-2.8-8.720.920.113.620.1-12.6-24.7
YoY Gr.-NA-24.1%-110.8%NANA-3.6%-32.7%48.6%-162.7%-
BVPS (₹) 283.8309.1329.2315.7304.9324.3413.1420.5460431.8431.8
Adj Net
Profit
-15.231.223.7-2.6-819.218.512.418.5-11.6-23
Cash Flow from Ops. 2.442.146.1-12.8-8.858.524.3-7.1375.3-
Debt/CF from Ops. 14.90.10-2.7-5.80.60002.9-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 1.5%-0.2%10.9%-5%
Adj EPS NANA-185.6%-162.7%
BVPS4.8%7.2%1.5%-6.1%
Share Price 0.1% 3.5% 3.2% 7.7%

Key Financial Parameters

Performance Ratio Colour Code Guide

Dec'14Dec'15Dec'16Dec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23TTM
Return on
Equity %
-5.511.58.1-0.9-2.86.65.53.34.6-2.8-5.7
Op. Profit
Mgn %
-086.11.80.12.73.93.12.51.31.2
Net Profit
Mgn %
-2.14.23.4-0.4-12.431.72.1-1.4-2.7
Debt to
Equity
0.1000.10.20.100000
Working Cap
Days
18717418720522522924922720318892
Cash Conv.
Cycle
90849495868010586758451

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 10.87%

Return on Equity is Poor

Net Profit has been subdued in last 3 years -185.62%

Sales growth is not so good in last 4 quarters at -4.68%

Latest Financials - DIC India Ltd.

Standalone Consolidated
TTM EPS (₹) -24.7 24.1
TTM Sales (₹ Cr.) 829 504
BVPS (₹.) 431.8 0
Reserves (₹ Cr.) 387 203
P/BV 0.98 0.00
PE 0.00 17.63
From the Market
52 Week Low / High (₹) 380.75 / 553.90
All Time Low / High (₹) 60.00 / 746.75
Market Cap (₹ Cr.) 389
Equity (₹ Cr.) 9.2
Face Value (₹) 10
Industry PE 49.3

Management X-Ray of DIC India:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of DIC India

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSDec'14Dec'15Dec'16Dec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23
Sales722750707738838791608745872829
Operating Expenses 724692666726839771586722852819
Manufacturing Costs42454443484333383948
Material Costs560526486550656579427549678627
Employee Cost 49495860647075777676
Other Costs 73727873708051585867
Operating Profit -2584212-12023232010
Operating Profit Margin (%) -0.2%7.7%5.9%1.6%-0.2%2.6%3.7%3.1%2.3%1.2%
Other Income 2573151371088
Interest 6523652144
Depreciation 13171516131115141318
Exceptional Items -2100-120098033-24
Profit Before Tax -394031-16-6171111744-28
Tax -8118-43-12543-6
Profit After Tax -313023-12-918861241-23
PAT Margin (%) -4.3%4.0%3.2%-1.6%-1.1%2.3%14.1%1.7%4.7%-2.7%
Adjusted EPS (₹)-33.732.424.9-12.9-10.220.193.613.544.7-24.7
Dividend Payout Ratio (%)0%12%16%0%0%22%6%37%4%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSDec'14Dec'15Dec'16Dec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23

Equity and Liabilities

Shareholders Fund 260284302290280298379386422396
Share Capital 9999999999
Reserves 251275293281271289370377413387
Minority Interest0000000000
Debt352035513500015
Long Term Debt0000000000
Short Term Debt352035513500015
Trade Payables1078291136192111112189169117
Others Liabilities 93981179214469961049886
Total Liabilities 495466511553667512587679690614

Fixed Assets

Gross Block1861861978197109143154178250
Accumulated Depreciation99115128274050647890107
Net Fixed Assets877169545759797688143
CWIP 224731197715
Investments 0000000000
Inventories11210111612213998103149110104
Trade Receivables201206196220245201182233251220
Cash Equivalents 012234311592736747
Others Assets93851041161911371301389684
Total Assets 495466511553667512587679690614

Cash Flow

(All Figures are in Crores.)
PARTICULARSDec'14Dec'15Dec'16Dec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23
Cash Flow From Operating Activity 24246-13-95824-7375
PBT -394031-16-6171111744-28
Adjustment 23231729913-849-1826
Changes in Working Capital 17-1111-26-133119-24159
Tax Paid 2-10-1201-2-21-10-4-2
Cash Flow From Investing Activity -10-5-15-3-22-373856-34-30
Capex -10-5-15-3-8-5595-6-36-31
Net Investments 0000-160059-10
Others 0000219-57331
Cash Flow From Financing Activity 1-37-102812-22-44-9-85
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0000000000
Interest Paid -6-4-3-2-4-6-2-1-1-3
Dividend Paid -40-4-400-4-6-5-2
Others 11-33-33416-16-38-3-39
Net Cash Flow -602112-1901840-6-20
PARTICULARSDec'14Dec'15Dec'16Dec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23
Ratios
ROE (%)-11.1910.927.8-3.98-3.276.3925.383.2410.14-5.54
ROCE (%)-10.7915.5311.21-4.12-0.026.6731.684.7411.88-5.78
Asset Turnover Ratio1.581.741.611.461.371.341.111.191.281.29
PAT to CFO Conversion(x)N/A1.42N/AN/A3.220.28-0.580.9N/A
Working Capital Days
Receivable Days91899398101103115101101102
Inventory Days50475056575560615447
Payable Days646665759196951009683

DIC India Ltd Stock News

DIC India Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of DIC India on 12-Apr-2024 16:59 is ₹424.0.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 12-Apr-2024 16:59 the market cap of DIC India stood at ₹389.2.
The latest P/E ratio of DIC India as of 12-Apr-2024 16:59 is 0.00.
The latest P/B ratio of DIC India as of 12-Apr-2024 16:59 is 0.98.
The 52-week high of DIC India is ₹553.9 and the 52-week low is ₹380.8.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of DIC India is ₹828.9 ( Cr.) .

About DIC India Ltd

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.

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