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Last Updated on: 18 November, 2024
Author: Getaka|Social: Getaka Financial Services X (Earlier Twitter) Profile Getaka Financial Services LinkedIn Logo

DIC India Ltd: Intrinsic Value and Fundamental Analysis

Share Price and Basic Stock Data

Last Updated: November 15, 2024, 3:27 pm

Market Cap 657 Cr.
Current Price 715
High / Low840/414
Stock P/E59.9
Book Value 443
Dividend Yield0.00 %
ROCE0.73 %
ROE0.42 %
Face Value 10.0
PEG Ratio-1.12

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for DIC India Ltd

Competitors of DIC India Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
H T Media Ltd 530 Cr. 22.836.9/21.6 72.20.00 %0.32 %1.91 % 2.00
Gala Global Products Ltd 18.7 Cr. 3.434.63/2.8021.3 8.050.00 %1.23 %0.33 % 5.00
DB Corp Ltd 5,342 Cr. 300405/23612.0 1204.35 %25.1 %20.2 % 10.0
Vasa Retail and Overseas Ltd (VASA) 3.75 Cr. 6.258.55/4.10 29.70.00 %5.30 %% 10.0
Sandesh Ltd 1,208 Cr. 1,5952,058/9695.55 1,7790.30 %20.9 %16.3 % 10.0
Industry Average1,342.11N/A34.66N/AN/A10.368.54N/A

All Competitor Stocks of DIC India Ltd

Quarterly Result

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales153164173165187220201217223232199208217
Expenses147156168160183212196213218225196206212
Operating Profit6865585457324
OPM %4%5%3%3%2%4%2%2%2%3%1%1%2%
Other Income2241312343231-17
Interest0000000021111
Depreciation4333353343455
Profit before tax576244334251-3-18
Tax %26%25%26%26%26%27%26%1%26%34%29%18%24%
Net Profit355233234231-3-14
EPS in Rs3.655.524.911.933.323.322.4937.031.783.340.99-2.80-15.07

Last Updated: Unknown

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: Unknown

MonthDec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023
Sales716712722750707738838791608745872829
Expenses669684723691665726839771586722851819
Operating Profit4728-1594212-12023232110
OPM %7%4%-0%8%6%2%-0%3%4%3%2%1%
Other Income01-2046-915131051041-16
Interest546523652144
Depreciation101213171516131115141318
Profit before tax3112-394031-16-6171111744-28
Tax %32%-4%21%26%26%25%-58%-6%23%26%8%20%
Net Profit2213-313023-12-918861241-23
EPS in Rs23.4213.66-33.6532.3724.88-12.84-10.1520.1093.5813.5044.65-24.71
Dividend Payout %17%29%0%12%16%0%0%22%6%37%4%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year
YoY Net Profit Growth (%)
Change in YoY Net Profit Growth (%)

No data available for trend analysis.

Growth

Compounded Sales Growth
10 Years:2%
5 Years:0%
3 Years:11%
TTM:1%
Compounded Profit Growth
10 Years:%
5 Years:13%
3 Years:%
TTM:103%
Stock Price CAGR
10 Years:6%
5 Years:17%
3 Years:21%
1 Year:66%
Return on Equity
10 Years:3%
5 Years:3%
3 Years:2%
Last Year:0%

Last Updated: Unknown

Balance Sheet

Last Updated: Unknown

MonthDec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Jun 2024
Equity Capital9999999999999
Reserves274282251275293281271289370377413387397
Borrowings342335203551356524204
Other Liabilities138133139122143167273136144220203165218
Total Liabilities455447435408445492603469529611649581628
Fixed Assets9597877169545759797688143150
CWIP712247311977153
Investments0000000000000
Other Assets353350346335372431543408449526484423475
Total Assets455447435408445492603469529611649581628

Reserves and Borrowings Chart

Cash Flow

MonthDec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023
Cash from Operating Activity +33324246-13-95824-7375
Cash from Investing Activity +-14-12-10-5-15-3-22-373856-34-30
Cash from Financing Activity +2-201-37-102812-22-44-9-85
Net Cash Flow-91-602112-1901840-6-20

Free Cash Flow

MonthDec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023
Free Cash Flow13.005.00-36.0057.0042.00-23.00-52.00-15.0017.0018.00-3.00-10.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthDec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023
Debtor Days1031041021001011091079310911410597
Inventory Days847473708781786288995961
Days Payable59607057689010770961268268
Cash Conversion Cycle128118105114120997785101888290
Working Capital Days111112104102105106911041081048383
ROCE %12%5%-4%16%11%-0%-0%7%4%5%4%-1%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthSep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Promoters71.75%71.75%71.75%71.75%71.75%71.75%71.75%71.75%71.75%71.75%71.75%71.75%
Public28.24%28.24%28.24%28.24%28.24%28.25%28.24%28.24%28.25%28.26%28.25%28.24%
No. of Shareholders8,3348,1428,2398,2397,7487,5887,5907,4807,1557,0636,9186,975

Shareholding Pattern Chart

No. of Shareholders

This stock is not held by any mutual fund

ROCE Trend

EPS Trend

Key Financial Ratios

MonthDec 23Dec 22Dec 21Dec 20Dec 19
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)-24.7044.6513.5093.5820.10
Diluted EPS (Rs.)-24.7044.6513.5093.5820.10
Cash EPS (Rs.)-4.8659.2829.08109.6232.26
Book Value[Excl.RevalReserv]/Share (Rs.)431.77460.01420.45413.33324.56
Book Value[Incl.RevalReserv]/Share (Rs.)431.77460.01420.45413.33324.56
Dividend / Share (Rs.)0.002.005.006.004.50
Revenue From Operations / Share (Rs.)902.99949.98811.45662.66861.89
PBDIT / Share (Rs.)19.5130.9835.3332.5536.27
PBIT / Share (Rs.)-0.3316.3519.7516.5124.10
PBT / Share (Rs.)-30.7748.2818.26120.7919.03
Net Profit / Share (Rs.)-24.7044.6513.5093.5820.10
PBDIT Margin (%)2.163.264.354.914.20
PBIT Margin (%)-0.031.722.432.492.79
PBT Margin (%)-3.405.082.2518.222.20
Net Profit Margin (%)-2.734.701.6614.122.33
Return on Networth / Equity (%)-5.729.703.2022.646.19
Return on Capital Employeed (%)-0.073.354.593.917.32
Return On Assets (%)-3.906.312.0216.233.93
Total Debt / Equity (X)0.030.000.000.000.11
Asset Turnover Ratio (%)1.351.381.311.221.48
Current Ratio (X)2.222.302.312.902.23
Quick Ratio (X)1.641.761.622.171.64
Inventory Turnover Ratio (X)5.394.674.164.004.42
Dividend Payout Ratio (NP) (%)-8.0911.1944.454.800.00
Dividend Payout Ratio (CP) (%)-41.148.4320.634.100.00
Earning Retention Ratio (%)108.0988.8155.5595.200.00
Cash Earning Retention Ratio (%)141.1491.5779.3795.900.00
Interest Coverage Ratio (X)4.317.7023.7515.737.15
Interest Coverage Ratio (Post Tax) (X)1.273.1610.07-5.174.96
Enterprise Value (Cr.)421.58285.25289.22287.00318.67
EV / Net Operating Revenue (X)0.500.320.380.470.40
EV / EBITDA (X)23.5410.038.929.619.57
MarketCap / Net Operating Revenue (X)0.540.400.480.620.37
Retention Ratios (%)108.0988.8055.5495.190.00
Price / BV (X)1.140.830.930.991.00
Price / Net Operating Revenue (X)0.540.400.480.620.37
EarningsYield-0.040.110.030.220.06

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of DIC India Ltd as of November 18, 2024 is: 113.68

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of November 18, 2024, DIC India Ltd is Overvalued by 84.10% compared to the current share price 715.00

Intrinsic Value of DIC India Ltd as of November 18, 2024 is: 52.90

Calculation basis:

  • Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of November 18, 2024, DIC India Ltd is Overvalued by 92.60% compared to the current share price 715.00

Last 5 Year EPS CAGR: -53.46%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The company has higher reserves (320.00 cr) compared to borrowings (21.08 cr), indicating strong financial stability.
  2. The company has shown consistent growth in sales (752.33 cr) and profit (17.83 cr) over the years.
  1. The stock has a low average ROCE of 4.92%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 101.08, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 100.58, which may not be favorable.

Stock Analysis

  • Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in DIC India Ltd:
    1. Net Profit Margin: -2.73%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: -0.07% (Industry Average ROCE: 10.36%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. ROE%: -5.72% (Industry Average ROE: 8.54%)
      • ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
    4. Interest Coverage Ratio (Post Tax): 1.27
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    5. Quick Ratio: 1.64
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    6. Stock P/E: 59.9 (Industry average Stock P/E: 34.66)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    7. Total Debt / Equity: 0.03
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
    Stock Rating:

About the Company - Qualitative Analysis

DIC India Ltd. is a Public Limited Listed company incorporated on 02/04/1947 and has its registered office in the State of West Bengal, India. Company’s Corporate Identification Number(CIN) is L24223WB1947PLC015202 and registration number is 015202. Currently Company is involved in the business activities of Manufacture of printing ink. Company’s Total Operating Revenue is Rs. 744.83 Cr. and Equity Capital is Rs. 9.18 Cr. for the Year ended 31/12/2021.
INDUSTRYADDRESSCONTACT
Printing/Publishing/StationeryUB03, Mani Tower, 31/41, Binova Bhave Road, Kolkata West Bengal 700034investors@dic.co.in
http://www.dic.co.in
Management
NamePosition Held
Mr. Rajeev AnandChairman(NonExe.&Ind.Director)
Mr. Manish BhatiaManaging Director & CEO
Mr. Paul KoekNon Executive Director
Mr. Ryohei KohashiNon Executive Director
Mr. Ji Xiang Jason LeeNon Executive Director
Mr. Pritha DuttInd. Non-Executive Director
Mr. Prabal Kumar SarkarInd. Non-Executive Director
Mr. Adnan Wajhat AhmadInd. Non-Executive Director

FAQ

What is the latest intrinsic value of DIC India Ltd?

The latest intrinsic value of DIC India Ltd as on 18 November 2024 is ₹113.68, which is 84.10% lower than the current market price of ₹715.00.

What is the Market Cap of DIC India Ltd?

The Market Cap of DIC India Ltd is 657 Cr..

What is the current Stock Price of DIC India Ltd as on 18 November 2024?

The current stock price of DIC India Ltd as on 18 November 2024 is ₹715.

What is the High / Low of DIC India Ltd stocks in FY 2024?

In FY 2024, the High / Low of DIC India Ltd stocks is 840/414.

What is the Stock P/E of DIC India Ltd?

The Stock P/E of DIC India Ltd is 59.9.

What is the Book Value of DIC India Ltd?

The Book Value of DIC India Ltd is 443.

What is the Dividend Yield of DIC India Ltd?

The Dividend Yield of DIC India Ltd is 0.00 %.

What is the ROCE of DIC India Ltd?

The ROCE of DIC India Ltd is 0.73 %.

What is the ROE of DIC India Ltd?

The ROE of DIC India Ltd is 0.42 %.

What is the Face Value of DIC India Ltd?

The Face Value of DIC India Ltd is 10.0.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in DIC India Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE