Small Cap Chemical Stock: Rs. 4 Dividend, March 18 Serves As Record Date; Are You Holding?

The top supplier of inks worldwide is DIC India. One of the top producers of printing inks in India is DIC India Limited, a well-known brand. DIC India, a division of DIC Corporation of Japan, provides solutions for printing and packaging requirements. Supplying premium newspapers, magazines, conversion agents, and printing and packaging facilities both domestically and abroad, the firm is India's top provider of printing inks, laminating adhesives, creative packaging solutions, and other related items. Following the Board's announcement of the FY25 final dividend, DIC India's shares finished Thursday's trading session 5.28% down on the BSE at Rs 663.10 per share, with a market capitalisation of Rs 608.66 Cr.

DIC India Dividend

"The board has recommended of final dividend of Rs. 4/- per equity share of the nominal value of Rs. 10/- each for the financial year ended December 31,2024 to the equity shareholder of the Company. The record date to determine the shareholder to whom dividend is payable is Tuesday, March 18,2025. The dividend shall be paid after the approval of the shareholders in the ensuring Annual General Meeting," said DIC India in a stock exchange filing.

DIC India Financials

DIC India recorded a net profit of Rs 7.15 crore for the quarter that ended in December 2024, compared to a net loss of Rs 7.18 crore for the quarter that ended in December 2023. In the quarter that ended in December 2024, sales increased 6.97% to Rs 218.46 crore, up from Rs 204.22 crore in the quarter that ended in December 2023. In comparison to the net loss of Rs 22.68 crore in the year prior, which concluded in December 2023, the net profit for the entire year ending in December 2024 was Rs 19.54 crore. Compared to Rs 825.85 crore in the year ending in December 2023, sales increased 6.26% to Rs 877.52 crore in the year ending in December 2024.

DIC India Share Price Target

"DIC India stock price is bearish on the Daily charts with strong resistance at 727. A Daily close below support of 645 could lead to a target of 595 in the near term," commented A R Ramachandran, Independent Research Analyst.

Disclaimer

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