DIC India
DIC India, earlier known as Coates India, is into manufacture and market printing inks and allied products. Its an MNC, DIC Asia holds 71.75% stake.
The company, second quarter ended 30th June 2016, for Q2CY15 (31st Dec year ending) posted a YoY turnaround – from a net loss of Rs.10 crore in Q2CY14, it posted a net profit of Rs.8.46 crore in current Q2; sequentially, it was up from Rs.6 crore. Net sales showed a 7% rise at Rs.188 crore while costs were down 4% and these two together helped the turnaround. The company for H1CY15 posted a net profit of Rs.14 crore v/s loss of Rs.34 crore in previous H1. The company is virtually debt free, with short term borrowings at Rs.24 crore.
Its equity is pretty small at Rs.9.18 crore and reserves stands at Rs.251 crore.