DIC India (DICIND)₹478.40−0.49%Printing Inks
In the Mar 2026 quarter (standalone), DIC India reported sales of ₹241 Cr, up 14.5% from Mar 2025, and net profit of ₹4.25 Cr, up 63.5% year on year. For the year to Dec 2025, sales were ₹894 Cr and net profit ₹17.04 Cr.
Company filings, standalone accounts; latest reported quarter Mar 2026
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 208 | 217 | 205 | 199 | 243 | 222 | 220 | 210 | 227 | 224 | 232 | 241 |
| Expenses | 205 | 212 | 204 | 190 | 231 | 213 | 209 | 203 | 216 | 211 | 219 | 231 |
| Operating Profit | 1.88 | 4.49 | 0.46 | 8.14 | 11.62 | 7.30 | 9.42 | 6.80 | 9.37 | 11.75 | 11.83 | 8.68 |
| OPM % | 0.9% | 2.1% | 0.2% | 4.1% | 4.8% | 3.3% | 4.3% | 3.2% | 4.1% | 5.3% | 5.1% | 3.6% |
| Other Income | 1.29 | −16.56 | −3.51 | 1.46 | 1.94 | 1.55 | 5.40 | 1.44 | 1.33 | 1.20 | −0.23 | 2.01 |
| Interest | 1.30 | 1.12 | 0.53 | 0.35 | 0.31 | 0.33 | 0.73 | 0.32 | 0.28 | 0.32 | 0.46 | 0.33 |
| Depreciation | 4.96 | 5.00 | 4.58 | 4.72 | 4.84 | 4.75 | 4.73 | 4.36 | 4.39 | 4.66 | 4.92 | 4.53 |
| Profit before tax | −3.12 | −18.18 | −8.17 | 4.48 | 8.34 | 3.72 | 9.30 | 3.51 | 5.98 | 7.91 | 6.19 | 5.78 |
| Tax % | −18.2% | −24.0% | −12.2% | 6.5% | 25.8% | 46.7% | 23.4% | 26.5% | 27.2% | 26.1% | 26.5% | 26.8% |
| Exceptional items | 0.00 | −18.02 | −6.01 | 0.00 | 0.00 | 0.00 | 1.01 | 0.00 | 0.00 | 0.00 | −2.01 | 0.00 |
| Net Profit | −2.58 | −13.86 | −7.20 | 4.21 | 6.22 | 1.99 | 7.16 | 2.60 | 4.37 | 5.88 | 4.57 | 4.25 |
| EPS (Rs) | −2.81 | −15.13 | −7.85 | 4.60 | 6.79 | 2.17 | 7.82 | 2.83 | 4.77 | 6.42 | 4.99 | 4.64 |
| Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 751 | 708 | 739 | 839 | 792 | 609 | 747 | 873 | 830 | 883 | 894 | 924 |
| Expenses | 690 | 664 | 724 | 838 | 769 | 585 | 721 | 850 | 817 | 843 | 849 | 878 |
| Operating Profit | 59.08 | 42.01 | 12.02 | −1.01 | 20.01 | 23.01 | 23.01 | 21.01 | 10.01 | 36.03 | 40.03 | 41.63 |
| OPM % | 8.0% | 6.0% | 1.6% | −0.2% | 2.6% | 3.7% | 3.1% | 2.4% | 1.2% | 4.1% | 4.5% | 4.5% |
| Other Income | 4.01 | 6.01 | −9.02 | 15.01 | 13.01 | 105 | 10.02 | 41.04 | −16.02 | 10.02 | 4.01 | 4.31 |
| Interest | 4.99 | 1.99 | 2.99 | 5.99 | 4.99 | 1.99 | 0.99 | 3.99 | 3.99 | 1.99 | 0.99 | 1.39 |
| Depreciation | 16.95 | 14.96 | 15.97 | 12.96 | 10.98 | 14.96 | 13.97 | 12.97 | 17.94 | 18.96 | 17.95 | 18.50 |
| Profit before tax | 39.92 | 30.93 | −15.98 | −5.99 | 16.97 | 111 | 16.96 | 43.95 | −27.94 | 25.96 | 23.96 | 25.86 |
| Tax % | 26.1% | 26.1% | −25.0% | 58.0% | −6.0% | 23.0% | 26.0% | 8.0% | −20.0% | 25.1% | 27.0% | — |
| Exceptional items | −4.19 | −0.25 | −12.30 | 0.06 | −0.02 | 75.55 | 0.02 | 30.49 | −21.00 | 0.62 | −1.68 | −2.01 |
| Net Profit | 30.07 | 23.05 | −12.02 | −9.02 | 18.04 | 86.14 | 12.02 | 41.06 | −23.05 | 20.03 | 17.04 | 19.07 |
| EPS (Rs) | 32.51 | 24.98 | −12.89 | −10.18 | 20.17 | 93.86 | 13.54 | 44.80 | −24.80 | 21.38 | 19.00 | 20.82 |
| Dividend payout % | 12.0% | 16.0% | 0.0% | 0.0% | 22.0% | 6.0% | 37.0% | 4.0% | 0.0% | 19.0% | 16.0% | — |
| Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 8.98 | 8.99 | 8.99 | 8.98 | 8.99 | 8.97 | 8.98 | 8.98 | 8.99 | 8.98 | 8.98 | 8.97 |
| Reserves | 251 | 275 | 293 | 281 | 271 | 289 | 370 | 377 | 414 | 387 | 406 | 419 |
| Borrowings | 34.91 | 1.99 | 0.00 | 34.90 | 50.88 | 34.88 | 5.99 | 4.99 | 23.96 | 19.93 | 2.99 | 3.99 |
| Other Liabilities | 139 | 121 | 142 | 166 | 272 | 135 | 143 | 219 | 202 | 164 | 168 | 197 |
| Total Liabilities | 435 | 408 | 445 | 491 | 602 | 468 | 529 | 610 | 649 | 581 | 586 | 629 |
| Fixed Assets | 86.94 | 70.99 | 69.03 | 54.03 | 56.98 | 58.98 | 79.01 | 76.06 | 87.96 | 143 | 141 | 138 |
| CWIP | 2.01 | 2.01 | 4.01 | 7.01 | 3.01 | 1.01 | 1.01 | 9.03 | 77.14 | 15.04 | 4.01 | 1.01 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Assets | 346 | 335 | 372 | 430 | 542 | 407 | 449 | 525 | 484 | 422 | 441 | 490 |
| Inventories | 112 | 101 | 116 | 122 | 139 | 97.93 | 103 | 149 | 110 | 104 | 119 | 126 |
| Trade receivables | 201 | 206 | 196 | 220 | 245 | 201 | 182 | 233 | 251 | 220 | 241 | 263 |
| Cash & equivalents | 0.00 | 1.01 | 22.05 | 34.07 | 31.09 | 15.04 | 92.18 | 73.22 | 67.18 | 47.13 | 39.11 | 65.18 |
| Total Assets | 435 | 408 | 445 | 491 | 602 | 468 | 529 | 610 | 649 | 581 | 586 | 629 |
| Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operating activity | 2.01 | 42.02 | 46.02 | −13.01 | −9.01 | 58.06 | 24.01 | −7.01 | 37.04 | 5.01 | 16.01 | 43.01 |
| Cash from investing activity | −9.98 | −4.99 | −14.99 | −2.99 | −21.97 | −36.95 | 37.96 | 55.94 | −33.95 | −29.97 | −5.99 | −9.99 |
| Cash from financing activity | 1.01 | −37.10 | −10.04 | 28.11 | 12.05 | −22.09 | −44.14 | −9.03 | −8.03 | 5.02 | −18.08 | −7.03 |
| Net cash flow | −6.02 | 0.00 | 21.05 | 12.03 | −19.05 | 0.00 | 18.05 | 40.10 | −6.01 | −20.06 | −8.02 | 25.07 |
| Capex | 10.20 | 5.42 | 15.46 | 16.82 | 51.63 | 55.67 | 6.07 | 23.58 | 69.77 | 33.46 | 8.31 | 11.40 |
| Free cash flow | −8.01 | 37.08 | 31.04 | −16.02 | −16.02 | 3.01 | 18.02 | −13.03 | 2.01 | −26.02 | 10.02 | 32.05 |
| CFO / OP % | −81.0% | 88.0% | 139.0% | −101.9% | 751.0% | 298.0% | 202.0% | 12.0% | 200.0% | 73.1% | 43.0% | 124.0% |
| Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor days | 102 | 100 | 101 | 109 | 107 | 93 | 109 | 114 | 105 | 97 | 100 | 108 |
| Inventory days | 72 | 69 | 86 | 80 | 77 | 61 | 87 | 98 | 58 | 60 | 65 | 69 |
| Days payable | 70 | 57 | 68 | 90 | 107 | 70 | 96 | 126 | 82 | 68 | 66 | 81 |
| Cash conversion cycle | 104 | 113 | 119 | 98 | 76 | 84 | 100 | 87 | 81 | 89 | 98 | 96 |
| Working capital days | 87 | 101 | 105 | 89 | 68 | 87 | 106 | 103 | 82 | 75 | 90 | 87 |
| ROCE % | −4.0% | 16.0% | 10.9% | 0.0% | 0.0% | 6.9% | 4.0% | 5.0% | 4.0% | −1.0% | 6.0% | 6.0% |
For the Mar 2026 quarter, DIC India reported sales of ₹241 Cr, up 14.5% year on year and net profit of ₹4.25 Cr, up 63.5% year on year. The operating margin was 3.6%.
DIC India's sales for the year to Dec 2025 were ₹894 Cr; over the last twelve months they were ₹924 Cr.
Net profit for the year to Dec 2025 was ₹17.04 Cr, and ₹19.07 Cr over the last twelve months. Earnings per share over the same trailing period were ₹20.82.
DIC India reported borrowings of ₹3.99 Cr at Dec 2025, against cash and equivalents of ₹65.18 Cr.
Cash from operations was ₹43.01 Cr in the year to Dec 2025; after capital spending, free cash flow was ₹32.05 Cr.