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Last Updated on: 30 May, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of DIC India Ltd

About the Company - DIC India Ltd

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

Basic Stock Data of DIC India Ltd

Last Updated: May 23, 2024, 3:23 pm

Market Cap 431 Cr.
Current Price 470
High / Low555/390
Stock P/E103
Book Value 432
Dividend Yield0.43 %
ROCE0.07 %
ROE0.27 %
Face Value 10.0
PEG Ratio-1.93

DIC India Ltd Quarterly Results

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

DIC India Ltd Quarterly Chart

DIC India Ltd Profit & Loss

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%

DIC India Ltd Profit & Loss Yearly Chart

DIC India Ltd Growth

Compounded Sales Growth
10 Years:2%
5 Years:0%
3 Years:11%
TTM:-5%
Compounded Profit Growth
10 Years:-22%
5 Years:16%
3 Years:-53%
TTM:-89%
Stock Price CAGR
10 Years:1%
5 Years:7%
3 Years:5%
1 Year:16%
Return on Equity
10 Years:3%
5 Years:3%
3 Years:2%
Last Year:0%

Last Updated: May 23, 2024, 3:23 pm

DIC India Ltd Balance Sheet

MonthDec 2011Dec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Jun 2023
Equity Capital9999999999999
Reserves257274282251275293281271289370377413410
Borrowings2334233520355135652425
Other Liabilities137138133139122143167273136144220203203
Total Liabilities426455447435408445492603469529611649647
Fixed Assets769597877169545759797688168
CWIP1371224731197710
Investments0000000000000
Other Assets336353350346335372431543408449526484468
Total Assets426455447435408445492603469529611649647

DIC India Ltd Reserves and Borrowings Chart

DIC India Ltd Cash Flow

MonthDec 2011Dec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022
Cash from Operating Activity 1333324246-13-95824-737
Cash from Investing Activity -19-14-12-10-5-15-3-22-373856-34
Cash from Financing Activity 22-201-37-102812-22-44-9-8
Net Cash Flow-4-91-602112-1901840-6

DIC India Ltd Financial Efficiency Indicators

MonthDec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023
Debtor Days1031041021001011091079310911410597
Inventory Days847473708781786288995961
Days Payable59607057689010770961269168
Cash Conversion Cycle128118105114120997785101887390
Working Capital Days111112104102105106911041081048383
ROCE %12%5%-4%16%11%-0%-0%7%4%5%4%

DIC India Ltd Financial Efficiency Indicators Chart

No valid data available for the Shareholding

DIC India Ltd Shareholding Pattern Chart

No. of DIC India Ltd Shareholders

This stock is not held by any mutual fund

DIC India Ltd ROCE Trend

DIC India Ltd EPS Trend

DIC India Ltd Key Financial Ratios

MonthDec 22Dec 21Dec 20Dec 19Dec 18
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)44.6513.5093.5820.10-10.16
Diluted EPS (Rs.)44.6513.5093.5820.10-10.16
Cash EPS (Rs.)59.2829.08109.6232.264.33
Book Value[Excl.RevalReserv]/Share (Rs.)460.01420.45413.33324.56304.91
Book Value[Incl.RevalReserv]/Share (Rs.)460.01420.45413.33324.56304.91
Dividend / Share (Rs.)2.005.006.004.500.00
Revenue From Operations / Share (Rs.)949.98811.45662.66861.89912.91
PBDIT / Share (Rs.)30.9835.3332.5536.2714.42
PBIT / Share (Rs.)16.3519.7516.5124.10-0.06
PBT / Share (Rs.)48.2818.26120.7919.03-6.42
Net Profit / Share (Rs.)44.6513.5093.5820.10-10.16
PBDIT Margin (%)3.264.354.914.201.58
PBIT Margin (%)1.722.432.492.790.00
PBT Margin (%)5.082.2518.222.20-0.70
Net Profit Margin (%)4.701.6614.122.33-1.11
Return on Networth / Equity (%)9.703.2022.646.19-3.33
Return on Capital Employeed (%)3.354.593.917.32-0.02
Return On Assets (%)6.312.0216.233.93-1.54
Total Debt / Equity (X)0.000.000.000.110.18
Asset Turnover Ratio (%)1.381.311.221.481.53
Current Ratio (X)2.302.312.902.231.59
Quick Ratio (X)1.761.622.171.641.15
Inventory Turnover Ratio (X)4.674.164.004.424.74
Dividend Payout Ratio (NP) (%)11.1944.454.800.000.00
Dividend Payout Ratio (CP) (%)8.4320.634.100.000.00
Earning Retention Ratio (%)88.8155.5595.200.000.00
Cash Earning Retention Ratio (%)91.5779.3795.900.000.00
Interest Coverage Ratio (X)7.7023.7515.737.152.27
Interest Coverage Ratio (Post Tax) (X)3.1610.07-5.174.96-0.59
Enterprise Value (Cr.)285.25289.22287.00318.67360.28
EV / Net Operating Revenue (X)0.320.380.470.400.42
EV / EBITDA (X)10.038.929.619.5727.21
MarketCap / Net Operating Revenue (X)0.400.480.620.370.40
Retention Ratios (%)88.8055.5495.190.000.00
Price / BV (X)0.830.930.991.001.22
Price / Net Operating Revenue (X)0.400.480.620.370.40
EarningsYield0.110.030.220.06-0.02

DIC India Ltd Profitability Ratios (%)

DIC India Ltd Liquidity Ratios

DIC India Ltd Liquidity Ratios (%)

DIC India Ltd Interest Coverage Ratios (%)

DIC India Ltd Valuation Ratios

Fair Value

Fair Value: ₹120.66

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.

Overvalued: 74.33% compared to the current price ₹470

Intrinsic Value: ₹56.15

Calculation basis:

  • Fair 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 fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Overvalued: 88.05% compared to the current price ₹470

Last 5 Year EPS CAGR: -53.46%

*Investments are subject to market risks

Strength and Weakness of DIC India Ltd Stock

StrengthWeakness
  1. The company has higher reserves (313.58 cr) compared to borrowings (22.50 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 5.00%, 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 99.83, which may not be favorable.

FAQ

What is the latest fair value of DIC India Ltd?

The latest fair value of DIC India Ltd is ₹120.66.

What is the Market Cap of DIC India Ltd?

The Market Cap of DIC India Ltd is 431 Cr..

What is the current Stock Price of DIC India Ltd as on 30 May 2024?

The current stock price of DIC India Ltd as on 30 May 2024 is ₹470.

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 555/390.

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

The Stock P/E of DIC India Ltd is 103.

What is the Book Value of DIC India Ltd?

The Book Value of DIC India Ltd is 432.

What is the Dividend Yield of DIC India Ltd?

The Dividend Yield of DIC India Ltd is 0.43 %.

What is the ROCE of DIC India Ltd?

The ROCE of DIC India Ltd is 0.07 %.

What is the ROE of DIC India Ltd?

The ROE of DIC India Ltd is 0.27 %.

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