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Last Updated: April 2, 2026, 2:49 am
Author: Getaka|Social: XLinkedIn

DIC India Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹410.20Overvalued by 18.29%vs CMP ₹502.00

P/E (24.2) × ROE (4.5%) × BV (₹467.00) × DY (0.60%)

₹365.70Overvalued by 27.15%vs CMP ₹502.00
MoS: -37.3% (Negative)Confidence: 57/100 (Moderate)Models: 2 Under, 1 Fair, 7 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹438.8921%Over (-12.6%)
Graham NumberEarnings₹445.9915%Over (-11.2%)
Earnings PowerEarnings₹93.9510%Over (-81.3%)
DCFCash Flow₹267.9913%Over (-46.6%)
Net Asset ValueAssets₹455.187%Fair (-9.3%)
EV/EBITDAEnterprise₹627.238%Under (+24.9%)
Dividend DiscountDividends₹128.268%Over (-74.5%)
Earnings YieldEarnings₹189.307%Over (-62.3%)
ROCE CapitalReturns₹149.737%Over (-70.2%)
Revenue MultipleRevenue₹971.335%Under (+93.5%)
Consensus (10 models)₹365.70100%Overvalued
Key Drivers: ROE 4.5% is below cost of equity. | Wide model spread (₹94–₹971) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 7.0%

*Investments are subject to market risks

Investment Snapshot

58
DIC India Ltd scores 58/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health58/100 · Moderate
ROCE 6.4% WeakROE 4.5% WeakD/E 0.00 Low debtInterest Coverage 0.0x RiskyProfitable 4/5 years Consistent
Smart Money50/100 · Moderate
Promoter holding at 71.8% Stable
Earnings Quality65/100 · Strong
OPM expanding (2% → 4%) Improving
Quarterly Momentum70/100 · Strong
Revenue (4Q): 1% YoY FlatProfit (4Q): +283% YoY Strong
Industry Rank35/100 · Weak
P/E 24.2 vs industry 22.2 In-lineROCE 6.4% vs industry 9.4% AverageROE 4.5% vs industry 9.7% Below peers3Y sales CAGR: 1% Slow

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 2:49 am

Market Cap 461 Cr.
Current Price 502
Intrinsic Value₹438.89
High / Low 743/450
Stock P/E24.2
Book Value 467
Dividend Yield0.60 %
ROCE6.42 %
ROE4.51 %
Face Value 10.0
PEG Ratio3.46

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

View Share Price Target for DIC India Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
DIC India Ltd 461 Cr. 502 743/45024.2 4670.60 %6.42 %4.51 % 10.0
Hindustan Media Ventures Ltd 461 Cr. 62.6 103/55.25.60 2110.00 %5.36 %4.96 % 10.0
H T Media Ltd 482 Cr. 20.7 28.6/14.511.0 71.00.00 %2.51 %0.03 % 2.00
HT Media Ltd 482 Cr. 20.7 28.6/14.511.0 71.00.00 %2.51 %0.03 % 2.00
Repro India Ltd 498 Cr. 347 627/307 2510.00 %1.56 %0.51 % 10.0
Industry Average2,188.25 Cr348.7922.17208.401.31%9.39%9.68%6.27

All Competitor Stocks of DIC India Ltd

Quarterly Result

MetricJun 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
Sales 216.58231.64199.36207.69216.67205.13198.60242.70221.01219.22210.21226.48223.17
Expenses 212.79224.93196.44205.82212.19204.68190.47231.09213.72209.81203.42217.12211.43
Operating Profit 3.796.712.921.874.480.458.1311.617.299.416.799.3611.74
OPM % 1.75%2.90%1.46%0.90%2.07%0.22%4.09%4.78%3.30%4.29%3.23%4.13%5.26%
Other Income 34.062.103.161.28-16.54-3.501.451.931.545.391.431.321.19
Interest 0.380.831.171.311.130.540.360.320.340.740.330.290.33
Depreciation 3.143.293.634.975.014.604.734.864.764.744.374.404.67
Profit before tax 34.334.691.28-3.13-18.20-8.194.498.363.739.323.525.997.93
Tax % 0.96%34.33%28.91%-18.21%-24.01%-12.21%6.46%25.72%46.65%23.28%26.42%27.21%25.98%
Net Profit 33.993.070.91-2.57-13.83-7.184.206.211.987.152.594.365.87
EPS in Rs 37.033.340.99-2.80-15.07-7.824.586.772.167.792.824.756.40

Last Updated: January 1, 2026, 11:02 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: March 30, 2026, 1:30 am

MetricDec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Sales 722750707738838791608745872829882892
Expenses 723691665726839771586722851819845852
Operating Profit -1594212-120232321103640
OPM % -0%8%6%2%-0%3%4%3%2%1%4%4%
Other Income -2046-915131051041-16104
Interest 652365214421
Depreciation 131715161311151413181918
Profit before tax -394031-16-6171111744-282624
Tax % -21%26%26%-25%58%-6%23%26%8%-20%25%27%
Net Profit -313023-12-918861241-232017
EPS in Rs -33.6532.3724.88-12.84-10.1520.1093.5813.5044.65-24.7121.2918.93
Dividend Payout % 0%12%16%0%0%22%6%37%4%0%19%16%

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:2%
3 Years:6%
TTM:2%
Compounded Profit Growth
10 Years:15%
5 Years:1%
3 Years:15%
TTM:20%
Stock Price CAGR
10 Years:1%
5 Years:9%
3 Years:15%
1 Year:-19%
Return on Equity
10 Years:3%
5 Years:3%
3 Years:2%
Last Year:5%

Last Updated: September 5, 2025, 3:00 am

Balance Sheet

Last Updated: October 10, 2025, 1:55 pm

MonthDec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Jun 2025
Equity Capital 9999999999999
Reserves 282251275293281271289370377413387406409
Borrowings 23352035513565242034
Other Liabilities 133139122143167273136144220203165169190
Total Liabilities 447435408445492603469529611649581587613
Fixed Assets 97877169545759797688143141136
CWIP 122473119771545
Investments 0000000000000
Other Assets 350346335372431543408449526484423442471
Total Assets 447435408445492603469529611649581587613

Reserves and Borrowings Chart

Cash Flow

MonthDec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Cash from Operating Activity + 24246-13-95824-73751643
Cash from Investing Activity + -10-5-15-3-22-373856-34-30-6-10
Cash from Financing Activity + 1-37-102812-22-44-9-85-18-7
Net Cash Flow -602112-1901840-6-20-825
Free Cash Flow -83731-16-16318-132-261032
CFO/OP -81%88%139%-102%751%298%202%12%200%73%43%124%

Free Cash Flow

MonthDec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Free Cash Flow-36.0057.0042.00-23.00-52.00-15.0017.0018.00-3.00-10.0033.0040.00

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 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Debtor Days 1041021001011091079310911410597100
Inventory Days 747370878178628899596166
Days Payable 60705768901077096126826866
Cash Conversion Cycle 11810511412099778510188829099
Working Capital Days 10087101105896887106103827591
ROCE %5%-4%16%11%-0%-0%7%4%5%4%-1%6%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 71.75%71.75%71.75%71.75%71.75%71.75%71.75%71.75%71.75%71.75%71.75%71.75%
Public 28.24%28.24%28.25%28.26%28.25%28.24%28.23%28.23%28.24%28.24%28.24%28.25%
No. of Shareholders 7,5907,4807,1557,0636,9186,9756,3816,4176,6526,3746,4736,420

Shareholding Pattern Chart

No. of Shareholders

DIC India Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

This stock is not held by any mutual fund.

ROCE Trend

EPS Trend

Key Financial Ratios

MonthDec 24Dec 23Dec 22Dec 21Dec 20
FaceValue 10.0010.0010.0010.0010.00
Basic EPS (Rs.) 21.29-24.7044.6513.5093.58
Diluted EPS (Rs.) 21.29-24.7044.6513.5093.58
Cash EPS (Rs.) 42.08-4.8659.2829.08109.62
Book Value[Excl.RevalReserv]/Share (Rs.) 452.39431.77460.01420.45413.33
Book Value[Incl.RevalReserv]/Share (Rs.) 452.39431.77460.01420.45413.33
Dividend / Share (Rs.) 0.000.002.005.006.00
Revenue From Operations / Share (Rs.) 960.38902.99949.98811.45662.66
PBDIT / Share (Rs.) 50.1119.5130.9835.3332.55
PBIT / Share (Rs.) 29.32-0.3316.3519.7516.51
PBT / Share (Rs.) 28.21-30.7748.2818.26120.79
Net Profit / Share (Rs.) 21.29-24.7044.6513.5093.58
PBDIT Margin (%) 5.212.163.264.354.91
PBIT Margin (%) 3.05-0.031.722.432.49
PBT Margin (%) 2.93-3.405.082.2518.22
Net Profit Margin (%) 2.21-2.734.701.6614.12
Return on Networth / Equity (%) 4.70-5.729.703.2022.64
Return on Capital Employeed (%) 6.38-0.073.354.593.91
Return On Assets (%) 3.32-3.906.312.0216.23
Total Debt / Equity (X) 0.000.030.000.000.00
Asset Turnover Ratio (%) 1.511.351.381.311.22
Current Ratio (X) 2.552.222.302.312.90
Quick Ratio (X) 1.841.641.761.622.17
Inventory Turnover Ratio (X) 5.355.394.674.164.00
Dividend Payout Ratio (NP) (%) 0.00-8.0911.1944.454.80
Dividend Payout Ratio (CP) (%) 0.00-41.148.4320.634.10
Earning Retention Ratio (%) 0.00108.0988.8155.5595.20
Cash Earning Retention Ratio (%) 0.00141.1491.5779.3795.90
Interest Coverage Ratio (X) 26.164.317.7023.7515.73
Interest Coverage Ratio (Post Tax) (X) 11.691.273.1610.07-5.17
Enterprise Value (Cr.) 572.19421.58285.25289.22287.00
EV / Net Operating Revenue (X) 0.640.500.320.380.47
EV / EBITDA (X) 12.4423.5410.038.929.61
MarketCap / Net Operating Revenue (X) 0.690.540.400.480.62
Retention Ratios (%) 0.00108.0988.8055.5495.19
Price / BV (X) 1.471.140.830.930.99
Price / Net Operating Revenue (X) 0.690.540.400.480.62
EarningsYield 0.03-0.040.110.030.22

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

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. 891.79 Cr. and Equity Capital is Rs. 9.18 Cr. for the Year ended 31/12/2025.
INDUSTRYADDRESSCONTACT
Printing/Publishing/StationeryUB03, Mani Tower, 31/41, Binova Bhave Road, Kolkata West Bengal 700038Contact not found
Management
NamePosition Held
Mr. Rajeev AnandChairman & Ind.Director
Mr. Manish BhatiaManaging Director & CEO
Mr. Prabal Kumar SarkarIndependent Director
Ms. Pritha DuttIndependent Director
Mr. Adnan Wajhat AhmadIndependent Director
Mr. Avijit MukerjiIndependent Director
Mr. Navapol ChuensiriNon Executive Director
Mr. Hayato KashiwagiNon Executive Director
Mr. Ji Xiang Jason LeeNon Executive Director

FAQ

What is the intrinsic value of DIC India Ltd and is it undervalued?

As of 03 April 2026, DIC India Ltd's intrinsic value is ₹365.70, which is 27.15% lower than the current market price of ₹502.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (4.51 %), book value (₹467), dividend yield (0.60 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of DIC India Ltd?

DIC India Ltd is trading at ₹502.00 as of 03 April 2026, with a FY2026-2027 high of ₹743 and low of ₹450. The stock is currently near its 52-week low. Market cap stands at ₹461 Cr..

How does DIC India Ltd's P/E ratio compare to its industry?

DIC India Ltd has a P/E ratio of 24.2, which is above the industry average of 22.17. The premium over industry average may reflect growth expectations or speculative interest.

Is DIC India Ltd financially healthy?

Key indicators for DIC India Ltd: ROCE of 6.42 % is on the lower side compared to the industry average of 9.39%; ROE of 4.51 % is below ideal levels (industry average: 9.68%). Dividend yield is 0.60 %.

Is DIC India Ltd profitable and how is the profit trend?

DIC India Ltd reported a net profit of ₹17 Cr in Dec 2025 on revenue of ₹892 Cr. Compared to ₹41 Cr in Dec 2022, the net profit shows a declining trend.

Does DIC India Ltd pay dividends?

DIC India Ltd has a dividend yield of 0.60 % at the current price of ₹502.00. The company pays dividends, though the yield is modest.

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
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