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DIC India Ltd Stock Analysis

Small Cap
Evaluated by 322 users | BSE: 500089 | NSE: DICIND |
Chemicals
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...

Analysis of Financial Track Record

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.
Value Creation
 Dec'11Dec'12Dec'13Dec'14Dec'15Dec'16Dec'17Dec'18Dec'19Dec'20
Return on Capital Employed 10.2%8.42%5.46%-3.52%11.89%8.56%-0.17%-1.2%6.75%5.56%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 677716712722750707738838791608
Y-o-Y Gr. Rt.-5.8%-0.6%1.5%3.8%-5.6%4.4%13.5%-5.6%-23.1%
Adjusted EPS (Rs.) 2723.6715.39-16.5133.9625.79-2.79-8.7420.8620.12
Y-o-Y Gr. Rt.--12.3%-35%-207.3%NA-24.1%-110.8%NANA-3.6%
Book Value per Share (Rs.) 289.69308.46317.44283.78309.08329.16315.67304.91324.3413.1
Adjusted Net Profit 24.821.714.1-15.231.223.7-2.6-819.218.5
Net Op. Cash Flow (Rs. Cr.) 12.93.133.12.442.146.1-12.8-8.858.524.3
Debt to Cash Flow from Ops 1.7511.180.714.930.060-2.74-5.780.60
Standalone financials take only the parent company into account while consolidated financials take into account financials of the parent company as well as of all its subsidiaries. In most companies consolidated financials should be used for analysis.
DIC India Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales -1.2%-4.1%-6.3%-23.1%
Adjusted EPS -3.2%-9.9%NA-3.6%
Book Value per Share 469.427.4
Share Price 7.9% -3.1% 7% 60.9%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Dec'11Dec'12Dec'13Dec'14Dec'15Dec'16Dec'17Dec'18Dec'19Dec'20
Return on Equity (%) 9.737.914.92-5.4911.468.08-0.87-2.826.635.45
Operating Profit Margin (%) 7.16.554.22-0.037.976.051.770.072.693.92
Net Profit Margin (%) 3.663.031.98-2.14.163.35-0.35-0.962.423.04
Debt to Equity 0.090.120.080.140.0100.120.180.120
Working Capital Days 145153176187174187205225233255
Cash Conversion Cycle 779198908494958680105
Entity Percentage Holding
Promoters 71.75%
Non-Institutions 28.24%
Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)
Data is not available for this company.

The 5-year analysis of DIC India Ltd's performance infers:

DIC India Ltd earnings have declined by -9.9%, whereas share price has depreciated -3.1% CAGR over the past five years, indicating the company's share price is likely overvalued. However, for specific investment actions please connect with your investment advisor.

We analysed the performance of DIC India Ltd share prices over the last 10 years. Here is what we found out:

DIC India Ltd share price has depreciated 6.4% annually over the past ten years.

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

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.

Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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