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DICI

DIC India NSEI:DICIND Stock Report

Last Price

₹363.95

Market Cap

₹3.3b

7D

-0.8%

1Y

-23.7%

Updated

23 Jun, 2022

Data

Company Financials
DICIND fundamental analysis
Snowflake Score
Valuation1/6
Future Growth0/6
Past Performance2/6
Financial Health4/6
Dividends2/6

DICIND Stock Overview

DIC India Limited engages in the manufacture and sale of printing inks in India.

DIC India Competitors

 

 

 

 

 

 

 

 

 

 

 

 

Price History & Performance

Summary of all time highs, changes and price drops for DIC India
Historical stock prices
Current Share Price₹363.95
52 Week High₹549.90
52 Week Low₹321.15
Beta0.57
1 Month Change0.69%
3 Month Change1.73%
1 Year Change-23.75%
3 Year Change13.73%
5 Year Change-30.76%
Change since IPO173.85%

Recent News & Updates

Feb 27
DIC India (NSE:DICIND) Is Paying Out Less In Dividends Than Last Year

DIC India (NSE:DICIND) Is Paying Out Less In Dividends Than Last Year

DIC India Limited ( NSE:DICIND ) is reducing its dividend to ₹5.00 on the 21st of April. However, the dividend yield of...

Feb 13
DIC India's (NSE:DICIND) Dividend Will Be Reduced To ₹5.00

DIC India's (NSE:DICIND) Dividend Will Be Reduced To ₹5.00

DIC India Limited's ( NSE:DICIND ) dividend is being reduced to ₹5.00 on the 21st of April. This means the annual...

Shareholder Returns

DICINDIN ChemicalsIN Market
7D-0.8%-3.9%-3.1%
1Y-23.7%-3.8%-2.5%

Return vs Industry: DICIND underperformed the Indian Chemicals industry which returned -3.8% over the past year.

Return vs Market: DICIND underperformed the Indian Market which returned -2.5% over the past year.

Price Volatility

Is DICIND's price volatile compared to industry and market?
DICIND volatility
DICIND Average Weekly Movement5.2%
Chemicals Industry Average Movement6.8%
Market Average Movement6.9%
10% most volatile stocks in IN Market9.8%
10% least volatile stocks in IN Market4.5%

Stable Share Price: DICIND is less volatile than 75% of Indian stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: DICIND's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1937492Manish Bhatiahttps://www.dic.co.in

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.

DIC India Fundamentals Summary

How do DIC India's earnings and revenue compare to its market cap?
DICIND fundamental statistics
Market Cap₹3.28b
Earnings (TTM)₹101.67m
Revenue (TTM)₹7.75b

32.3x

P/E Ratio

0.4x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
DICIND income statement (TTM)
Revenue₹7.75b
Cost of Revenue₹5.84b
Gross Profit₹1.90b
Other Expenses₹1.80b
Earnings₹101.67m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)11.08
Gross Margin24.57%
Net Profit Margin1.31%
Debt/Equity Ratio1.4%

How did DICIND perform over the long term?

See historical performance and comparison

Dividends

0.8%

Current Dividend Yield

27%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is DICIND undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for DICIND?

Other financial metrics that can be useful for relative valuation.

DICIND key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue0.3x
Enterprise Value/EBITDA11.1x
PEG Ration/a

Price to Earnings Ratio vs Peers

How does DICIND's PE Ratio compare to its peers?

DICIND PE Ratio vs Peers
The above table shows the PE ratio for DICIND vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average73.6x

Price-To-Earnings vs Peers: DICIND is good value based on its Price-To-Earnings Ratio (32.3x) compared to the peer average (73.6x).


Price to Earnings Ratio vs Industry

How does DICIND's PE Ratio compare vs other companies in the Indian Chemicals Industry?

Price-To-Earnings vs Industry: DICIND is expensive based on its Price-To-Earnings Ratio (32.3x) compared to the Indian Chemicals industry average (16.2x)


Price to Earnings Ratio vs Fair Ratio

What is DICIND's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

DICIND PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio32.3x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate DICIND's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of DICIND when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: DICIND (₹363.95) is trading above our estimate of fair value (₹33.24)

Significantly Below Fair Value: DICIND is trading above our estimate of fair value.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate DICIND's PEG Ratio to determine if it is good value.


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Future Growth

How is DIC India forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


17.6%

Forecasted Materials industry annual growth in earnings

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as DIC India has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


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  • Examine DIC India's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
  • DIC India competitive advantages and company strategy can generally be found in its financial reports archived here.

Past Performance

How has DIC India performed over the past 5 years?

Past Performance Score

2/6

Past Performance Score 2/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


44.3%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: DICIND has high quality earnings.

Growing Profit Margin: DICIND's current net profit margins (1.3%) are lower than last year (14.3%).


Past Earnings Growth Analysis

Earnings Trend: DICIND's earnings have grown significantly by 44.3% per year over the past 5 years.

Accelerating Growth: DICIND's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: DICIND had negative earnings growth (-88.4%) over the past year, making it difficult to compare to the Chemicals industry average (29.6%).


Return on Equity

High ROE: DICIND's Return on Equity (2.6%) is considered low.


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Financial Health

How is DIC India's financial position?

Financial Health Score

4/6

Financial Health Score 4/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: DICIND's short term assets (₹5.0B) exceed its short term liabilities (₹2.2B).

Long Term Liabilities: DICIND's short term assets (₹5.0B) exceed its long term liabilities (₹88.3M).


Debt to Equity History and Analysis

Debt Level: DICIND has more cash than its total debt.

Reducing Debt: DICIND's debt to equity ratio has increased from 0.2% to 1.4% over the past 5 years.

Debt Coverage: DICIND's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: DICIND earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


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Dividend

What is DIC India current dividend yield, its reliability and sustainability?

Dividend Score

2/6

Dividend Score 2/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


0.84%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: DICIND's dividend (0.84%) is higher than the bottom 25% of dividend payers in the Indian market (0.44%).

High Dividend: DICIND's dividend (0.84%) is low compared to the top 25% of dividend payers in the Indian market (1.92%).


Stability and Growth of Payments

Stable Dividend: DICIND's dividend payments have been volatile in the past 10 years.

Growing Dividend: DICIND's dividend payments have fallen over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (27.1%), DICIND's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: DICIND is paying a dividend but the company has no free cash flows.


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Management

How experienced are the management team and are they aligned to shareholders interests?

3.4yrs

Average board tenure


CEO

Manish Bhatia (50 yo)

3.5yrs

Tenure

₹28,527,175

Compensation

Mr. Manish Bhatia has been Chief Executive Officer of DIC India Limited since December 11, 2018 and also serves as its Director since January 30, 2019. Mr. Bhatia serves as Managing Director of DIC India L...


CEO Compensation Analysis

Compensation vs Market: Manish's total compensation ($USD364.67K) is above average for companies of similar size in the Indian market ($USD38.41K).

Compensation vs Earnings: Manish's compensation has been consistent with company performance over the past year.


Board Members

Experienced Board: DICIND's board of directors are considered experienced (3.4 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

DIC India Limited's employee growth, exchange listings and data sources


Key Information

  • Name: DIC India Limited
  • Ticker: DICIND
  • Exchange: NSEI
  • Founded: 1937
  • Industry: Specialty Chemicals
  • Sector: Materials
  • Implied Market Cap: ₹3.285b
  • Shares outstanding: 9.18m
  • Website: https://www.dic.co.in

Number of Employees


Location

  • DIC India Limited
  • Fusion Square
  • 5 Floor
  • Noida
  • Uttar Pradesh
  • 201303
  • India

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/23 00:00
End of Day Share Price2022/06/23 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.