DIC India Ltd Stock Analysis

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

BSE Share Price 30-Jan-2023 18:01
376.75 9.85 (2.68%)

DeciZen - Make an Informed Decision on DIC India

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

1. Quality

2. Valuation

Fair

3. Price Trend

Semi Strong

DIC India Price Chart

P/E Ratio ( SA) :
8.44
Market Cap :
345.8 Cr.
52-wk low :
321
52-wk high :
493.9
Bole Toh?

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 Semi Strong which suggest that the price of DIC India Ltd is likely to Rise-somewhat 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'12Dec'13Dec'14Dec'15Dec'16Dec'17Dec'18Dec'19Dec'20Dec'21TTM
ROCE % 8.4%5.5%-3.5%11.9%8.6%-0.2%-1.2%6.8%5.6%3.5%-
Value Creation Index -0.4-0.6-1.3-0.2-0.4-1.0-1.1-0.5-0.6-0.8-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 716712722750707738838791608745856
YoY Gr. Rt. %--0.6%1.5%3.8%-5.6%4.4%13.5%-5.6%-23.1%22.5%-
Adj EPS 23.715.4-16.53425.8-2.8-8.720.920.113.644.6
YoY Gr. Rt. %--35%-207.3%NA-24.1%-110.8%NANA-3.6%-32.7%-
BVPS (₹) 308.5317.4283.8309.1329.2315.7304.9324.3413.1420.4456.5
Adj Net Profit 21.714.1-15.231.223.7-2.6-819.218.512.441
Cash Flow from Ops. 3.133.12.442.146.1-12.8-8.858.524.3-7.1-
Debt/CF from Ops. 11.20.714.90.10-2.7-5.80.600-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 0.4%1%-3.9%22.5%
Adj EPS -6%-12.1%NA-32.7%
BVPS 3.5511.31.8
Share Price 4.8% -7.5% 2.4% -15.9%

Key Financial Parameters

Performance Ratio Colour Code Guide

Dec'12Dec'13Dec'14Dec'15Dec'16Dec'17Dec'18Dec'19Dec'20Dec'21TTM
Return on Equity % 7.94.9-5.511.58.1-0.9-2.86.65.53.310.2
Op. Profit Mgn % 6.64.2-086.11.80.12.73.93.12.5
Net Profit Mgn % 32-2.14.23.4-0.4-12.431.74.8
Debt to Equity 0.10.10.1000.10.20.100-
Working Cap Days 1531761871741872052252332552290
Cash Conv. Cycle 9198908494958680105870

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 10.20%

Sales growth is good in last 4 quarters at 24.94%

Sales growth has been subdued in last 3 years -3.85%

Net Profit has been subdued in last 3 years 0.00%

Latest Financials - DIC India Ltd.

Standalone Consolidated
TTM EPS (₹) 44.6 24.1
TTM Sales (₹ Cr.) 856 504
BVPS (₹.) 456.5 0
Reserves (₹ Cr.) 410 203
P/BV 0.83 0.00
PE 8.44 15.64
From the Market
52 Week Low / High (₹) 321.00 / 493.85
All Time Low / High (₹) 60.00 / 746.75
Market Cap (₹ Cr.) 346
Equity (₹ Cr.) 9.2
Face Value (₹) 10
Industry PE 29.8

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 (%)

News

DIC India Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of DIC India on 30-Jan-2023 18:01 is : 376.8.
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 30-Jan-2023 18:01 the market cap of DIC India stood at ₹ 345.8.
The latest PE ratio of DIC India as of 30-Jan-2023 18:01 is 8.44.
The latest PB ratio of DIC India as of 30-Jan-2023 18:01 is 0.83
The 52-week high of DIC India is ₹ 493.9 and the 52-week low is ₹ 321.0.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue / sales of DIC India is ₹ 856.1 ( 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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