DIC India

NSE: DICIND · Printing Inks

52W Range₹451 ₹642

Snapshot

Unlock DIC India's vital signs

Growth · Profitability · Valuation · Strength · Conviction

Company Overview

Business

DIC India Limited is a manufacturer and distributor of printing inks and lamination adhesives for the packaging and publishing industries. The company provides a comprehensive range of solutions including gravure, flexographic, offset, and UV inks.

Business Model

The company generates revenue through the sale of specialised chemical products and printing solutions to the packaging, newspaper, and magazine sectors. It operates as a subsidiary of DIC Asia Pacific Pte Limited, leveraging global technical expertise to serve the Indian market.

  • Founded:1937

Growth Outlook

Growth is primarily driven by the expanding demand for high-quality packaging solutions and the ongoing modernisation of the Indian printing industry. The company continues to focus on its core segments of printing inks and lamination adhesives to maintain market relevance.

Key Risks

  • Raw Material Price Volatility. Fluctuations in the cost of petrochemical-based raw materials can significantly impact operating margins.
  • Foreign Exchange Risk. As a subsidiary of a global entity, the company is exposed to currency fluctuations affecting import costs of specialised inputs.
  • Digitalisation Trends. The shift towards digital media and online advertising poses a long-term threat to the traditional newspaper and magazine ink segments.
  • Regulatory Compliance. Stringent environmental regulations regarding chemical manufacturing and waste disposal in India may increase compliance costs.

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Key Metrics

REVENUE

₹980 Cr

TTM · standalone

+11.7%YoY

NET PROFIT

₹29 Cr

TTM · standalone

+80.0%YoY

EPS

₹31.52

TTM · standalone

+79.9%YoY

RETURN ON EQUITY

6.7%

TTM · standalone

+2.9 ppYoY

RETURN ON CAPITAL EMPLOYED

9.3%

TTM · standalone

+3.6 ppYoY

P/E

19.6x

Q1 FY27 · standalone

19.6 vs 27.3x5Y avg

EV/EBITDA

9.0x

Q1 FY27 · standalone

9.0 vs 16.4x5Y avg

EBITDA MARGIN

6.3%

TTM · standalone

+1.5 ppYoY

NET PROFIT MARGIN

5.0%

Q1 FY27 · standalone

+3.1 ppYoY

DEBT TO EQUITY

0.0x

Q1 FY27 · standalone

+0.00xYoY

Peers · Printing Inks

CompanyMkt CapP/EEV/EBITDARev Gr YoYEBITDA MgnROEROCE1Y Return
DIC IndiaDICIND
₹568 Cr19.638.9611.7%6.3%6.7%9.3%+6.2%
Pasupati AcrylonPASUPTAC
₹603 Cr6.314.3651.2%14.8%23.9%27.0%+60.1%
Black Rose IndusBLACKROSE
₹576 Cr25.6916.1911.0%13.9%18.9%+14.7%
Chemfab Alkalis LimitedCHEMFAB
₹518 Cr136.4018.06-16.2%12.1%-0.1%1.2%-45.7%
Blue Pearl Agriventures LimitedBPAGRI
₹516 Cr2.7%-91.7%
Primo ChemicalsPRIMO
₹515 Cr32.727.29-2.7%15.8%4.0%7.1%-16.1%

As of Q1 FY27

Financials