Dic India Limited

BSE: 500089 NSE: DICIND
Dic India Limited - chemicals and materials in Kolkata, West Bengal, India. FY 2026 financials & compliance.
CIN L24223WB1947PLC015202 Incorporated 02 April 1947 ROC Kolkata HQ Kolkata, West Bengal, India
Active Listed - NSE: DICIND · BSE: 500089 Public Limited Company chemicals and materials Fortune MNC 500 · #374
Data last updated
Market Cap
₹485 Cr
DICIND · NSE
Share Price
₹516.15
-2.24% today
Revenue
₹892 Cr
Dec 2025 · +1.2% YoY
EBITDA
₹37.36 Cr
Margin 4.2%
Net Profit
₹19.05 Cr
Dec 2025 · +0.7% YoY
P/E (TTM)
8.0x
P/B 0.8x
ROE
4.1%
ROCE 5.8%
Debt / Equity
0.01
Interest cover 7.5x

About Dic India Limited

Data last updated:

Dic India Limited is a public limited company based in Kolkata, West Bengal, India, a subsidiary of Dic Asia Pacific Pte Ltd, Singapore. It operates in the dyes and pigments segment of the chemicals and materials sector. It was incorporated on 02 April 1947 and has been in existence for over 79 years.

Dic India is ranked #374 on the Fortune MNC 500 India (2026).

The company is registered with the Registrar of Companies (ROC), Kolkata, under CIN L24223WB1947PLC015202. Its GSTIN is 19AABCC0703C1ZE (West Bengal). The company holds 10 GST registrations, of which 7 are active. It is a listed company as per MCA records. Its shares are listed on BSE: 500089 and NSE: DICIND.

The company has an authorised share capital of ₹15 Cr and a paid-up capital of ₹9.18 Cr. It was formerly known as Coates of India Private Limited and Coates of India Limited. It is led by directors including Manish Bhatia (Managing Director) and Rajeev Anand.

Its last annual general meeting (AGM) was held on 23 March 2026, and its latest financial statements are for the year ended 31 December 2025. The registered office is at Kolkata, West Bengal.

As per the latest standalone financials for FY 2024-25, the company reported a revenue of ₹891.79 Cr, a growth of 1.2% compared to the previous year. For the same year it recorded a net profit of ₹19.05 Cr (net margin 2.1%) and EBITDA of ₹37.36 Cr (EBITDA margin 4.2%). The net worth stands at ₹428.65 Cr (up 3.2% YoY). Total assets are valued at ₹436.97 Cr (up 3.4% YoY).

The company has about 462 employees on its provident fund (EPFO) records.

The company is associated with 1 brand: DIC India. As per MCA filings, the company has open charges of ₹30 Lakh and satisfied charges of ₹221.05 Cr on record. Court records list 244 cases involving the company, including 165 filed by the company and 80 filed against it; 32 cases are pending. The company has 3 deals on record (3 market trades); the latest was in August 2024.

The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website dic.co.in.

Company details

CIN L24223WB1947PLC015202
Registration Number 015202
Incorporation Date 02 April 1947
ROC Kolkata
Listing Status Listed - Listed on NSE (DICIND); Listed on BSE (500089)
Company Status Active
Date of Last AGM 23 March 2026
Date of Balance Sheet 31 December 2025
Parent Company Dic Asia Pacific Pte Ltd, Singapore
Compliance Status Active Compliant

Name history

Dic India has undergone 2 name changes throughout its history. The company was previously known as Coates Of India Private Limited, and Coates Of India Limited. The current legal name is Dic India Limited.

Company NameStatus
Dic India LimitedCurrent
Coates Of India Private LimitedPrevious
Coates Of India LimitedPrevious

CIN history

Dic India has one previous CIN (Corporate Identification Number): U24223WB1947PTC015202. The current CIN is L24223WB1947PLC015202, which is the unique identifier assigned by the Registrar of Companies.

CINStatus
L24223WB1947PLC015202Current
U24223WB1947PTC015202Previous
Key People
Manish Bhatia Managing Director Rajeev Anand Director Pritha Dutt Director

Recognitions & Rankings of Dic India

Fortune MNC 500 India 2026 edition
Rank#374
Total income
₹904 Cr
Profit
₹20 Cr
Last year #366

Contact details

Dic India Limited's registered office is in Kolkata, West Bengal. Its website is dic.co.in. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Website
    dic.co.in
  • Social Media
  • Apps
  • Registered Address
    Ub 03 Mani Tower, 31/41 Binova Bhave Road, Kolkata, West Bengal, India – 700038
  • Industry
    Chemicals and Materials, Dyes & Pigments, Colorants

To see the full contact details of Dic India Limited, buy the company report.

Comprehensive company report
Dic India Limited - one report that includes everything
  • Company details, directors and signatories
  • Historical financials and ratios
  • Shareholding pattern and group structure
  • Charges with holder and property details
  • Legal cases, compliance and MCA filings
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included

Brands

Dic India operates one associated brand: DIC India. Each brand links to its own profile.

BrandDescriptionWebsite
DIC India
Printing inks and allied materials are manufactured for various applications.dicindialtd.co

Financials of Dic India Limited

FY 2024-25 filings available

Dic India Limited reported revenue of ₹891.79 Cr (up 1.2% YoY) for FY 2024-25.

Financial Highlights

Dec 2025 · Standalone
Revenue
₹892 Cr
+1.2% YoY
EBITDA
₹37.36 Cr
+5.7% YoY
Profit After Tax
₹19.05 Cr
+0.7% YoY
Net Worth
-
Total Assets
-
Total Debt
-

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsDec 2025Dec 2024Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019
Income statement
Revenue892882829872745608791
Revenue growth+1.2%+6.4%-5.0%+17.1%+22.5%-23.1%-
EBITDA37.3635.35(14.07)20.4822.9122.5320.30
EBITDA margin+4.2%+4.0%-1.7%+2.4%+3.1%+3.7%+2.6%
Profit before tax23.6525.89(28.24)44.3216.7711117.46
Net profit19.0518.92(1.71)10.5512.3810.4918.46
Net profit margin+2.1%+2.2%-0.2%+1.2%+1.7%+1.7%+2.3%
EPS (₹)18.9321.29(24.70)44.6513.5093.5820.10
Balance sheet
Cash flow
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue284241232223226210219221
Revenue growth (YoY)+25.4%+14.4%+5.8%+1.0%-6.7%---
Other income1.662.002.141.191.321.435.391.54
Total expenses262232222211217203210214
EBITDA22.448.679.4611.749.366.799.417.29
EBITDA margin+7.9%+3.6%+4.1%+5.3%+4.1%+3.2%+4.3%+3.3%
Depreciation4.574.544.934.674.404.374.744.76
Interest0.370.340.470.330.290.330.740.34
Profit before tax19.165.796.207.935.993.529.323.73
Tax4.901.551.642.061.630.932.171.74

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 31 Oct 2026
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue284241232223226210219221
Revenue growth (YoY)+25.4%+14.4%+5.8%+1.0%-6.7%---
Other income1.662.002.141.191.321.435.391.54
Total expenses262232222211217203210214
EBITDA22.448.679.4611.749.366.799.417.29
EBITDA margin+7.9%+3.6%+4.1%+5.3%+4.1%+3.2%+4.3%+3.3%
Depreciation4.574.544.934.674.404.374.744.76
Interest0.370.340.470.330.290.330.740.34
Profit before tax19.165.796.207.935.993.529.323.73
Tax4.901.551.642.061.630.932.171.74
ParticularsDec 2025Dec 2024Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019
Revenue892882829872745608791
Revenue growth+1.2%+6.4%-5.0%+17.1%+22.5%-23.1%-
Other income6.0811.398.1940.969.5310512.99
Total expenses854846843852722586771
Employee cost75.1069.7976.5075.8777.1075.4269.68
EBITDA37.3635.35(14.07)20.4822.9122.5320.30
EBITDA margin+4.2%+4.0%-1.7%+2.4%+3.1%+3.7%+2.6%
Depreciation18.3719.0918.2113.4314.3014.7211.17
Interest1.421.764.153.691.371.904.66
Profit before tax23.6525.89(28.24)44.3216.7711117.46
Tax6.276.36(5.57)3.334.3824.98(0.99)
Net profit19.0518.92(1.71)10.5512.3810.4918.46
Net profit margin+2.1%+2.2%-0.2%+1.2%+1.7%+1.7%+2.3%
EPS (₹)18.9321.29(24.70)44.6513.5093.5820.10
ParticularsDec 2025Dec 2024Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019
Growth
Sales growth+1.2%+6.4%-5.0%+17.1%+22.5%-23.1%-
EBITDA growth+5.7%+351.2%-168.7%-10.6%+1.7%+11.0%-
PBT growth-8.7%+9998.0%-+164.3%-84.9%+535.1%+9998.0%
Net income growth+0.7%+1206.4%-116.2%-14.8%+18.0%-43.2%-
Revenue CAGR (3Y)+0.8%+5.8%+10.9%+3.3%-3.9%-6.3%+3.8%
EBITDA CAGR (3Y)+22.2%+15.6%-+0.3%---21.3%
Profitability & leverage
Net income margin+2.0%+2.2%-2.7%+4.7%+1.7%+14.1%+2.3%
Return on capital employed+5.8%+6.6%-0.7%+3.6%+4.6%+4.2%+6.6%
Return on net worth+4.1%+4.8%-0.4%+2.6%+3.2%+3.1%+6.4%
Debt / equity0.010.030.050.040.010.060.15
Long-term debt / equity0.010.010.030.030.010.010.00
Interest cover7.4810.82-12.8652.3415.9124.3351.04
Efficiency & per share
Fixed asset turnover3.513.573.925.265.074.897.67
Inventory turnover7.307.907.736.725.916.056.65
Debtors turnover3.543.823.523.603.593.183.55
EPS (₹)18.9321.29(24.70)44.6513.5093.5820.10
Dividend per share (₹)3.004.000.002.005.006.004.50
Book value per share (₹)466.99452.39431.77460.01420.45413.34324.56

To see the full year-wise statements and ratios of Dic India Limited, buy the company report.

Board of directors of Dic India Limited

Dic India has 9 current directors and 33 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Manish Bhatia
Also directs: Dic Fine Chemicals Private Limited
Managing Director30 Jan 20197 Years 9 MonthsCurrent
Rajeev Anand
Also directs: Apl Apollo Tubes Limited
Director06 Nov 20205 Years 11 MonthsCurrent
Pritha Dutt
Also directs: Dalmia Bharat Refractories Limited, Dpronto Delivery Services Private Limited, MWM Collective Private Limited and 1 more
Director06 Nov 20205 Years 11 MonthsCurrent
Prabal Kumar Sarkar
Also directs: Merino Industries Limited
Director06 Nov 20205 Years 11 MonthsCurrent
Adnan Wajhat Ahmad
Also directs: Deepak Nitrite Limited, Coromandel International Limited
Director08 Feb 20233 Years 8 MonthsCurrent
Avijit Mukerji
Also directs: Tatvasutra Solutions LLP, Bandhan Bank Limited, Balaji Telefilms Limited and 2 more
Additional Director10 Dec 20250 Years 10 MonthsCurrent
Showing 6 of 9 current directors. View all directors

Auditor

Dic India Limited is audited by PRICE WATERHOUSE CHARTERED ACCOUN for the financial year 2023.

Auditor firmFinancial yearFirm registration number
PRICE WATERHOUSE CHARTERED ACCOUNFY 2023012754N/N500016

Shareholding

Shareholding for the quarter ended Sep 2026: promoters hold 71.80%, foreign institutional investors hold 0.00%, domestic institutional investors hold 0.00% and retail and other public shareholders hold 28.20%.

Promoters: 71.80%Retail & Others: 28.20%
Sep 2026
QUARTER
71.80% Promoters
28.20% Retail & Others
Promoter holding - history
Now 71.80% · Sep 2026High 71.80% · Dec 2025Low 71.80% · Dec 2025
70%70.8%71.5%72.3%73%Dec 2025Mar 2026Jun 2026Sep 2026Dec 2025: 71.80%Mar 2026: 71.80%Jun 2026: 71.80%Sep 2026: 71.80%71.80%71.80%
Shareholding trend - last 6 quarters
Sep 2026Jun 2026Mar 2026Dec 2025
Promoters71.80%71.80%71.80%71.80%
Public28.20%28.20%28.20%28.20%

Charges & borrowings

Open charges
₹30 Lakh
Satisfied charges
₹221.05 Cr
Breakdown by lending institutions
I.D.B.I. Bank Ltd.₹0.30 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
05 Feb 199290249920I.D.B.I. Bank Ltd.₹30 LakhOpen
14 Mar 2019100245306State Bank of India₹7.7 CrSatisfied
20 Feb 2019100243707Standard Chartered Bank₹60 CrSatisfied
07 Apr 200580011860The Hongkong and Shanghai Banking Corporation Limited₹20.17 CrSatisfied
24 Sep 200480011861State Bank of India₹7.7 CrSatisfied

To see the full charge records of Dic India Limited, buy the company report.

Total charge records: 17 View all charges

Deals & funding

Dic India Limited has 3 deals on record (3 market trades); the latest was in August 2024.

Total deals
3
Market trades
3

Deals on record (3 of 3)

WhenDealAmountParties
Aug 2024Market trade₹3.45 CrBuyer: Graviton Research Capital LLP
Seller: Graviton Research Capital LLP
Oct 2014Market trade₹2.46 CrBuyer: Globe Capital Market Limited
Seller: Globe Capital Market Limited
Apr 2010Market trade₹3.28 CrBuyer: Smart Equity Brokers Private Limited.
Seller: Smart Equity Brokers Private Limited.

Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

Credit ratings & regulatory alerts

Dic India Limited was last rated by Crisil on 27 Oct 2020.

Rating agencyRated onRating
Crisil27 Oct 2020

To see the full credit ratings and regulatory alerts of Dic India Limited, buy the company report.

MSME payment delays

No delayed payments to MSME suppliers are on our record for Dic India Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.

Employees & EPFO

Dic India Limited has a workforce of 462 employees on its EPFO records as of Apr 02, 2024, across 5 active EPFO establishments.

Employee count
462
Active EPFO establishments
5
Employee growth
-6.85%

GST

Dic India has 10 GST registrations: 7 active and 3 cancelled or inactive. The first 4 active GSTINs are listed below.

Total GSTINs
10
Active
7
Cancelled / inactive
3
GSTINStateStatusRegistered on
19AABCC0703C1ZEWest BengalActive01 Jul 2017
19AABCC0703C2ZDWest BengalActive18 Aug 2017
07AABCC0703C2ZIDelhiActive01 Jul 2017
27AABCC0703C1ZHMaharashtraActive01 Jul 2017

To see the full GST registrations and return filing status of Dic India Limited, buy the company report.

Recent activity

Dic India Limited has 73 board changes on record since 1984: 41 appointments and 32 cessations. The latest: Paul Koek ceased to be Director on 01 Jan 2026.

AGM
Dic India Limited last Annual general meeting of members was held on 23 Mar 2026 as per latest MCA records.
Ceased
Paul Koek ceased to be Director.
Filing
Dic India Limited has filed its annual Financial statements for the year ended 31 Dec 2025 with Roc Kolkata I.
Appointed
Avijit Mukerji was appointed as Additional Director.
Charges
A charge registered on 20 Feb 2019 via Charge ID 100243707 with Standard Chartered Bank was fully satisfied on 19 Sep 2025.
Appointed
Navapol Chuensiri was appointed as Director.
Charges
A charge registered on 14 Mar 2019 via Charge ID 100245306 with State Bank Of India was fully satisfied on 23 Jun 2025.
Appointed
Hayato Kashiwagi was appointed as Director.
Ceased
Ryohei Kohashi ceased to be Director.
Appointed
Ji Xiang Jason Lee was appointed as Director.
Charges
A charge with Standard Chartered Bank of Rs. 60.00 Cr registered on 20 Feb 2019 with Charge ID 100243707 was modified on 24 Jan 2024.
Ceased
Masahiro Kikuchi ceased to be Director.

103 earlier events are in the company report.

News

Frequently asked questions

Dic India is an active public limited company based in Kolkata, West Bengal, India. The company works in dyes and pigments, within the chemicals and materials industry. It was incorporated on 02 April 1947 (79+ years old) and is registered under CIN L24223WB1947PLC015202. Listed on BSE: 500089 and NSE: DICIND.

Dic India reported revenue of ₹891.79 Cr for FY 2024-25 (up 1.2% YoY) based on standalone financials.

Dic India has 9 current directors:

The latest financial statements of Dic India on record with the MCA are for the year ended 31 December 2025. Its last annual general meeting was held on 23 March 2026. Year-wise statements from 2015 are in the company report.

The GSTIN of Dic India is 19AABCC0703C1ZE, registered in West Bengal. The company has 10 GST registrations in all, of which 7 are active and 3 are cancelled or inactive. Other active GSTINs include 19AABCC0703C2ZD (West Bengal), 07AABCC0703C2ZI (Delhi), 27AABCC0703C1ZH (Maharashtra).

The CIN (Corporate Identification Number) of Dic India is L24223WB1947PLC015202. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Yes. Dic India is a listed company as per MCA records. Its shares are listed on both BSE (code: 500089) and NSE (symbol: DICIND).

Dic India has 244 court cases on record: 165 filed by the company and 80 filed against it. 32 are pending. Most are in the high courts.

Dic India was incorporated on 02 April 1947, making it 79+ years old. It is registered with the Registrar of Companies, Kolkata.

Dic India has 3 deals on record (3 market trades); the latest was in August 2024.