DIC India Ltd
DIC India Ltd (DICIND)

DIC India Ltd (DICIND)

₹382.10.2%

Key Stats

₹376.1
Day's Price Range
₹385.7
₹321.15
52-Week Price Range
₹479
1 Month Return-3.61 %
3 Month Return-5.13 %
1 Year Return-18.38 %

Company Financials

  • Quarterly
  • Annual
Value in ₹ crore

Peer Comparsion

PE
Rank 299
EPS
Rank 303
BVPS
Rank 61
₹230.76
Dividend Yield
Rank 46
1.99%
ROE
Rank 388
3.24%
Price To Book Ratio
1.65
Debt To Asset
Rank 200
0.38

Company Information

Coates of India incorporated as a private limited company in Apr.47 was promoted by Coates Brothers Company now known as Coates Brothers as a whollyowned subsidiary to manufacture and market printing inks and allied products. The company went public in 1962. Coates Brothers UK has a 51 stake in the company. The company is a part of Dainippon Ink Chemicals Inc. DIC Japan. DIC along with its subsidiaries are the world leaders in printing inks with global market share of nearly 40. During the year 2001 Coates India made a restructuring in their organisation. As per the restructuring DIC is in the process of reorgnising its holdings into single entity viz DIC Asia Pacific Pte Ltd. The 51 stake conssiting of 3511624 shares held by Coates Brother Plc UK has been acquired Sun Chemical group B.V. in October2001. Consequent to this acquisition of the sharesthe total equity stake held by Sun Chemical group in the company went up to 59.42.In the second phase DIC Asia Pacific Pte Ltd has acquired the entire stake of 59.42 of the paid up capital from Sun Chemical group B.V.through an interse transfer within the Group Holding. As on December2002 DIC Asia Pacific Pte Ltd holds 59.54 stake in Coates of India Ltd.The first unit to manufacture printing inks surface coatings and allied products came up in 1947 in Calcutta and other manufacturing units were established in Chennai 1958 Mumbai 1960 Delhi 1966 and Noida 1990 in a phased manner to cater to the demands of the local market.Coates has diversified into the production of industrial adhesives for which the technology was supplied by Bostik UK which commenced its commercial production in Jul.93. It undertook a chip project for the inhouse manufacture of certain intermediate products. This project lead to a significant improvement in the quality and productivity of the companys core business of inks. In March 2001 the company has acquired the entire share capital of Rohit Industries Pvt Ltd with a view to utilise its resources in an effective manner. Rohit has now become a wholly owned subsidiary of the company. The installed capacity of Printing Inks was increased from 15060 Tonnes to 17280 Tonnes.The company has expanded the installed capacity of Printing Ink during the year 200203 by 2124 TPA and with this expansion the total capacity has risen to 23376 TPA. The name of the company has been changed during August 2004 from Coates of India Limited to DIC India Limited.
OrganisationDIC India Ltd
HeadquartersKolkata
IndustryChemicals