DIC India Limited (DICIND) Fair Value & Analysis
Basic Materials · IN · Market cap ₹4.7B
Fair value as of: Aug 2, 2026
From 25 valuation models · updated 11 days ago
Share price −3.5% over the past month.
A solid business, but screening 36% overvalued on our models.
What matters now
- The price sits above even our optimistic bull case (₹402.28). The favourable scenario is already priced in.
- Solid but not exceptional quality (63/100) and above fair value, neither a clear bargain nor a standout compounder.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 2, 2026.
How to read this chart
60‑month range ₹320.09 – ₹811.44 · fair‑value band ₹241.37 – ₹402.28 · the ₹505.80 price screens above the ₹321.82 fair value. Dashed = 300-day average. As of Aug 2, 2026.
Analysis
DIC India Limited (DICIND) currently trades at ₹505.80, while our model-based Fair Value estimate is ₹321.82, implying the stock looks roughly 36.4% overvalued today. The Quality Score stands at 63/100 (solid quality), in the Basic Materials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).
Over the trailing twelve months, DIC India Limited generated revenue of ₹9.3B at a net margin of 2.1%. Revenue grew 14.6% year over year. It earns a return on equity of 4.1%. The balance sheet holds a net cash position of ₹582M. Fundamentals as of Aug 2, 2026
Our scenario range runs from ₹241.37 (bear case) to ₹402.28 (bull case); at ₹505.80, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 23% below its 52-week high and 13% above its 52-week low, currently below its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -58% fair-value upside, at -36%, DICIND screens cheaper than that median.
Fair Value models
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.
All 25 models by family
Widest divergence: DCF Models (₹441.65) versus Dividend Discount (₹49.77). Highest evidence: Residual Income (76).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 2, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 63 · Market factors (momentum, volatility) 42
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
About the company
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, …
Full company description
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 lamination and solvent based adhesives. It serves newspapers, magazines, conversion agents, printing and packaging, and national and international printing and packaging establishments. The company was formerly known as Coates of India Limited and changed its name to DIC India Limited in August 2004. DIC India Limited was incorporated in 1947 and is based in Noida, India. DIC India Limited is a subsidiary of DIC Asia Pacific Pte Limited.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
DIC India Limited reported revenue of ₹8.9B in FY2025 versus ₹7.4B in FY2021, a compound +4.7%/yr. Reported net income was ₹174M in FY2025, compounding +8.8%/yr from FY2021.
of which total revenue +2.2 pp · buybacks/dilution +0.0 pp
Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).
DICIND screens 36% overvalued. Compare with Linde plc →
Peer Group
Specialty Chemicals · 674 stocks
How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.
Valuation Multiples vs Specialty Chemicals median · lower = cheaper
Snowflake
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
VALUE 0: the price sits above our fair-value range.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Specialty Chemicals stocks, each showing price versus our Fair Value estimate (as of Aug 2, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Linde plc LIN | $489.98 | $222.03 | -55% |
| Nan Ya Plastics Corporation 1303 | 181.50 TWD | 255.83 TWD | +41% |
| Wanhua Chemical Group 600309 | ¥70.04 | ¥68.03 | -3% |
| Novozymes A/S NSISB | kr 428.20 | kr 179.66 | -58% |
| Asian Paints Limited ASIANPAINT | ₹2,689 | ₹668.81 | -75% |
| Solar Industries India Limited SOLARINDS | ₹18,236 | ₹2,793 | -85% |
| Pidilite Industries Limited PIDILITIND | ₹1,560 | ₹351.84 | -77% |
| PT Chandra Asri Pacific Tbk TPIA | 1,805 IDR | 2,888 IDR | +60% |
| Linde India Limited LINDEINDIA | ₹7,115 | ₹757.93 | -89% |
| Berger Paints India Limited BERGEPAINT | ₹493.70 | ₹164.29 | -67% |
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Frequently asked questions
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How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.
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