DIC India Limited (DICIND) AI Stock Analysis

• Market Cap: ₹4.82B
• Dividend Yield: 0.75%
• Average Volume (3M): 684.00
• Price to Earnings (P/E): 30.0
• Beta (1Y): 0.80
• Revenue Growth: 1.60%
• EPS Growth: N/A
• Country: IN
• Employees: 347
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Chemicals - Specialty
• EPS (TTM): 4.75
• Shares Outstanding: 9,178,977
• 10 Day Avg. Volume: 539
• 30 Day Avg. Volume: 684
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: ₹627.00
• Price Target Upside: 19.31% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 62 Neutral
• Price Target: ₹627.00 ▲(19.31% Upside)

DIC India Limited's overall stock score reflects a strong financial recovery with improved revenue and profit margins, supported by a robust balance sheet. However, the technical analysis indicates a bearish trend, and the high P/E ratio suggests potential overvaluation. The lack of earnings call data and corporate events limits additional insights.

DIC India Limited Business Overview & Revenue Model

Company Description

DIC India Limited engages in the manufacture and sale of printing inks in India. It operates in two segments, Printing Inks and Lamination Adhesives. The company offers news, offset, gravure, flexographic, and specialty inks; lamination adhesives; packaging solutions; and UV inks and coating products. It serves newspapers, magazines, conversion agents, and printing and packaging industries. The company was formerly known as Coates of India Limited and changed its name to DIC India Limited in August 2004. DIC India Limited was founded in 1937 and is based in Noida, India. DIC India Limited is a subsidiary of DIC Asia Pacific Pte Limited.

How the Company Makes Money

DIC India Limited generates revenue primarily through the sale of its extensive range of printing inks and related products to businesses in the publishing, packaging, and commercial printing sectors. The company's revenue model is based on the direct sale of these products to printers and converters who utilize them in their operations. Key revenue streams include the sale of offset inks, gravure inks, and flexographic inks, which are widely used in newspaper, magazine, and packaging printing. Additionally, DIC India benefits from its strong relationships and partnerships with major printing and packaging companies, which contribute significantly to its earnings by ensuring a steady demand for its products. The company's commitment to innovation and quality helps it maintain a competitive edge and sustain its revenue growth in the dynamic printing industry.

DIC India Limited Financial Statement Overview

Summary

DIC India Limited shows a strong recovery in financial performance in 2024 with improved revenue and profit margins, indicating effective cost management and a return to profitability. The balance sheet remains robust with minimal leverage and strong equity ratios, enhancing financial stability. However, challenges in free cash flow generation relative to net income remain.

Income Statement

DIC India Limited demonstrates strong revenue recovery in 2024 with a 6.3% increase from 2023. The gross profit margin improved significantly to 25.0% in 2024 from 12.6% in 2023, indicating better cost management. Additionally, strong profitability is evident as the net profit margin turned positive at 2.2% in 2024 compared to a negative margin in 2023. However, EBIT and EBITDA margins remain low, suggesting room for operational efficiency improvements.

Balance Sheet

The company maintains a solid balance sheet with a low debt-to-equity ratio of 0.01, showcasing minimal leverage. The equity ratio remains strong at 70.7%, reflecting robust financial stability. Return on equity improved to 4.7% in 2024, up from a negative value in 2023, indicating enhanced shareholder returns. However, a slight decline in total assets could be a concern for future growth.

Cash Flow

DIC India Limited's cash flow position improved in 2024 with positive free cash flow of 81 million INR, reversing the negative trend from the prior year. The operating cash flow to net income ratio of 0.84 suggests solid operational cash conversion. However, the free cash flow to net income ratio indicates limited free cash flow generation relative to net income, highlighting potential cash flow management challenges.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	8.92B	8.78B	8.26B	8.68B	7.42B	6.06B
Gross Profit	2.01B	2.20B	1.04B	1.74B	1.78B	1.67B
EBITDA	453.89M	461.95M	-63.47M	608.36M	322.44M	1.28B
Net Income	179.29M	195.39M	-226.76M	409.84M	123.89M	859.00M
Balance Sheet
Total Assets	0.00	5.87B	5.81B	6.49B	6.11B	5.29B
Cash, Cash Equivalents and Short-Term Investments	397.97M	391.82M	469.68M	670.74M	727.66M	920.71M
Total Debt	0.00	34.33M	196.84M	240.45M	54.49M	57.46M
Total Liabilities	-4.15B	1.72B	1.85B	2.27B	2.25B	1.50B
Stockholders Equity	4.15B	4.15B	3.96B	4.22B	3.86B	3.79B
Cash Flow
Free Cash Flow	0.00	81.00M	-280.62M	-325.34M	-306.10M	182.20M
Operating Cash Flow	0.00	163.83M	52.57M	369.69M	-71.15M	242.74M
Investing Cash Flow	0.00	-59.73M	-300.05M	-341.65M	563.07M	381.62M
Financing Cash Flow	0.00	-182.46M	46.37M	-84.96M	-94.90M	-443.04M

DIC India Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 525.50
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Positive
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:DICIND, the sentiment is Negative. The current price of 525.5 is below the 20-day moving average (MA) of 566.68, below the 50-day MA of 592.25, and below the 200-day MA of 640.55, indicating a bearish trend. The MACD of -16.04 indicates Positive momentum. The RSI at 29.55 is Positive, neither overbought nor oversold. The STOCH value of 8.25 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:DICIND.

DIC India Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
PLASTIBLEN	70 Outperform	₹4.83B	15.32	7.82%	1.35%	-6.06%	-16.45%
PREMIERPOL	64 Neutral	₹4.80B	18.37	22.06%	0.33%	3.49%	20.36%
VINYLINDIA	63 Neutral	₹5.18B	23.71	17.63%	2.46%	-2.59%	-6.02%
DICIND	62 Neutral	₹4.82B	29.99	―	0.75%	1.60%	―
ASAHISONG	58 Neutral	₹3.37B	19.02	7.75%	0.53%	26.27%	-40.62%
SUKHJITS	54 Neutral	₹5.17B	16.59	7.36%	0.60%	1.68%	-41.36%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%