DIC India (DICIND) share price, P/E, ROE & financials

As of 6 Nov 2026, DIC India trades at 15.3× trailing earnings, below the industry P/E of 22.1×, and the shares are 29% below their 52-week high. Sales grew 0.8% a year over 3 years while net profit fell 25%; its ROCE of 5.8% is the lowest among the 7 largest Specialty Chemicals peers. It carries very little debt, and its dividend yield is 0.6%. It is a small-cap company with a market cap of ₹442 Cr, ranked 104th of 204 Specialty Chemicals companies by market cap; the shares fell 6.2% over the past year.

As of 6 Nov 2026Prices are delayed about 15 minutes; fundamentals are from the quarter ended Jun 2026.How we calculate this

past year

Open: ₹474.55
Day high: ₹489.45
Day low: ₹470.00
Prev. close: ₹474.55
Volume: 1.5K

Health check

1 good · 1 fair · 4 to check

ReturnsBehind
−6.2% over a year, better than 0 of 7 peers.
Price tagCheaper
P/E 15.3 vs industry 22.1.
GrowthSlow
Sales +0.8%, profit −24.9% a year over 3 years.
ProfitabilityWeak
ROCE 5.8% vs peer median 24.4%.
Balance sheetFair
Practically debt-free, Piotroski 5 of 9.
Red flags1 to check
Return on equity is low at 4.1%.

Compared with 7 industry peers. Computed from reported figures. Educational, not a recommendation.

Specialty Chemicals

203 listed peers. Screen the industry

Small cap

₹442 Cr, #104 of 204 in its industry by size.

Market sensitivity

Measuring against the NIFTY 50…

Key metrics

Last 12 months to Jun 2026: sales ₹984 Cr · profit ₹29 Cr

Market cap: ₹442 Cr; Small cap
P/E: 15.3; Industry 22.1
Price to book: 1.03; Peers 13.33
Dividend yield: 0.55%
ROE: 4.1%; Peers 23.0%
ROCE: 5.8%; Peers 24.4%
Debt to equity: 0.01; Debt ₹3.27 Cr
EPS (TTM): ₹31.52; Face value ₹10
OPM (TTM): 5.6%; Net margin 2.9%
Sales growth: +25.2%; Latest quarter vs a year ago
Profit growth: +227.1%; Latest quarter vs a year ago
Price to sales: 0.45; EV/EBITDA 8.0

Strengths

Practically debt-free.
Quarterly profit up 227.1% on a year ago.
Quarterly sales up 25.2% on a year ago.
P/E of 15.3 against an industry P/E of 22.1.
Positive operating cash flow in each of the last 4 years.

Risks to check

Return on equity is low at 4.1%.

Derived automatically from reported figures. Not a recommendation.

About DIC India

DIC India Limited manufactures and sells printing inks and allied material in India. The company provides newspaper printing inks; gravure printing inks comprising lamination, and surface printing; solvent and water based flexo inks; specialty inks, including industrial, UV varnish, UV offset, and high-speed UV news inks; and offset printing, commercial, and packaging inks, as well as concentrates and food safe and low migration solutions. It offers…

Headquarters: Noida
Employees: 354
Sector: Basic Materials
ISIN: INE303A01010
Website: dic.co.in

Price range

52 weeks

₹450.50₹675.00

Today

₹470.00₹489.45

Avg volume (3M): 10.6K
1-year return: minus 6.2%
From 52-week high: minus 28.7%

Peers · Specialty Chemicals

Capital-heavy industry columns

Compare with peers Screen the whole industry

Company
ASIANPAINTAsian Paints	2,546.00	plus 0.88%	2,44,025	50.5	35.0	24.4%	18.9%	0.21	1.1%	plus 1.5%
SOLARINDSSolar Industries India	18,608.00	plus 0.48%	1,68,384	74.4	64.1	29.5%	27.8%	0.22	12.4%	plus 35.9%
PIDILITINDPidilite Industries	1,579.00	plus 1.63%	1,60,827	60.0	44.4	28.5%	23.5%	0.03	7.4%	plus 6.8%
LINDEINDIALinde India	6,859.00	plus 8.73%	58,496	118.4	64.2	16.3%	31.5%	0.23	–	plus 5.4%
BERGEPAINTBerger Paints India	478.35	minus 5.28%	55,776	45.4	29.4	20.6%	15.3%	0.15	4.2%	minus 6.0%
FLUOROCHEMGujarat Fluorochemicals	4,665.50	minus 0.94%	51,251	75.9	44.0	9.6%	24.1%	0.26	−4.5%	plus 28.0%
ACUTAASAcutaas Chemicals	3,786.60	plus 0.42%	31,001	70.9	64.1	27.7%	39.4%	0.01	29.4%	plus 105.6%
DICINDDIC India	481.00	plus 1.36%	442	15.3	8.8	5.8%	5.6%	0.01	0.8%	minus 6.2%
Median of 7 peers	–	0.48%	58,496	70.9	44.4	24.4%	24.1%	0.21	5.8%	6.8%

Quarterly results

Consolidated, ₹ crore

SalesSelect a row below to chart it

Jun 25	Sep 25	Dec 25	Mar 26	Jun 26
226	222	231	240	283
216	210	219	231	260
9.4	11.7	11.8	8.7	22.4
4.1%	5.3%	5.1%	3.6%	7.9%
1.3	1.2	2.1	2	1.7
0.3	0.3	0.5	0.3	0.4
4.4	4.7	4.9	4.5	4.6
–	–	−2.4	–	–
6	7.9	6.2	5.8	19.2
27.2%	26.0%	26.5%	26.8%	25.6%
4.4	5.9	4.6	4.2	14.3
4.75	6.40	4.96	4.62	15.54

Profit & loss

Yearly, ₹ crore

Sales CAGR 3Y: +0.8%
Profit CAGR 3Y: −24.9%
EPS CAGR 3Y: −24.9%
ROE: 4.1%

Net profitSelect a row below to chart it

Dec 2022	Dec 2023	Dec 2024	Dec 2025
868	826	878	888
–	minus 4.9%	+6.3%	+1.2%
846	815	838	845
21.9	10.9	39.5	43.3
2.5%	1.3%	4.5%	4.9%
6.3	4.8	5.9	2.6
3.7	4.2	1.8	1.4
13.4	18.2	19.1	18.4
33.2	−21.5	1.4	−2.4
44.3	−28.2	25.9	23.6
7.5%	19.7%	24.5%	26.5%
41	−22.7	19.5	17.4
–	minus 155.3%	–	minus 11.1%
44.65	-24.70	21.29	18.93

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore

Total assetsSelect a row below to chart it

Dec 2022	Dec 2023	Dec 2024	Dec 2025
9.2	9.2	9.2	9.2
413	387	406	419
24	19.7	3.4	4.1
203	165	169	198
649	581	587	630
167	159	145	140
79.8	15.9	3.8	2.3
0.5	0.3	0.3	0.1
67.1	47	39.2	64.5
334	359	399	423
649	581	587	630

Cash flow

Yearly, ₹ crore

Cash from operationsSelect a row below to chart it

Dec 2022	Dec 2023	Dec 2024	Dec 2025
37	5.3	16.4	42.8
−34.2	−30	−6	−10
−8.5	4.6	−18.2	−7.4
−5.7	−20.1	−7.8	25.4
−69.5	−33.3	−8.3	−11.4
−32.5	−28.1	8.1	31.4
−4.6	−1.9	−0	−3.7

Shareholding pattern

Source: NSE filings

71.8%

promoters

Promoters71.75%
Public28.25%
As of 30 Sep 2026

Quarter	Promoters	Public	Promoter change
30 Sep 2026	71.75%	28.25%	0.00
30 Jun 2026	71.75%	28.25%	0.00
31 Mar 2026	71.75%	28.25%	0.00
31 Dec 2025	71.75%	28.25%	0.00
30 Sep 2025	71.75%	28.25%	–

Major shareholders

NSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you