DIC India (NSE:DICIND) Cyclically Adjusted Revenue per Share: ₹1,073.08 (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

NSE:DICIND DIC India Ltd NSE:DICIND
66 GF Score
Price ₹513.65
GF Value ₹551.15
Valuation Fairly Valued
! 4 Warning Signs
View Full Analysis

What is DIC India Cyclically Adjusted Revenue per Share?

DIC India NSE:DICIND +3.13% 66 Cyclically Adjusted Revenue per Share is ₹1,073.08 as of Mar. 2026. GuruFocus rates NSE:DICIND with a GF Score™ of 66/100 and a GF Value™ of ₹551.15 (Fairly Valued). The stock has 4 warning signs investors should review.

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years.

DIC India's adjusted revenue per share for the three months ended in Mar. 2026 was ₹261.463. Add all the adjusted revenue per share for the past 10 years together and divide the count will get our Cyclically Adjusted Revenue per Share, which is ₹1,073.08 for the trailing ten years ended in Mar. 2026.

During the past 12 months, DIC India's average Cyclically Adjusted Revenue Growth Rate was 1.50% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 0.40% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 1.00% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Revenue Growth Rate using Cyclically Adjusted Revenue per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Revenue Growth Rate of DIC India was 1.80% per year. The lowest was 0.40% per year. And the median was 0.90% per year.

As of today (2026-07-30), DIC India's current stock price is ₹513.65. DIC India's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was ₹1,073.08. DIC India's Cyclically Adjusted PS Ratio of today is 0.48.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of DIC India was 0.74. The lowest was 0.31. And the median was 0.43.


DIC India  (NSE:DICIND) Cyclically Adjusted Revenue per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Revenue per Share may underestimate the company's revenue. Cyclically Adjusted PS Ratio can seem to be too high even the actual PS Ratio is low.

For the Cyclically Adjusted PS Ratio, the revenue per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/S calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PS Ratio is also called CAPS Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

DIC India's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=513.65/1073.08
=0.48

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of DIC India was 0.74. The lowest was 0.31. And the median was 0.43.


Be Aware

Cyclically Adjusted PS Ratio works better for cyclical companies. It gives you a better idea on the company's real revenue value.


DIC India Cyclically Adjusted Revenue per Share Related Terms


DIC India Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for DIC India's Cyclically Adjusted Revenue per Share can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

DIC India Cyclically Adjusted Revenue per Share Chart

DIC India Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1,054.06 1,073.73 1,079.30 1,078.54 1,093.11

DIC India Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Cyclically Adjusted Revenue per Share Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1,060.30 1,079.82 1,074.75 1,093.11 1,073.08

NSE:DICIND vs LIN, SHW, ECL: Cyclically Adjusted Revenue per Share Comparison

For the Specialty Chemicals subindustry, DIC India's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


DIC India Cyclically Adjusted PS Ratio vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, DIC India's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where DIC India's Cyclically Adjusted PS Ratio falls into.


NSE:DICIND
66GF Score
DIC India Ltd NSE:DICIND
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

DIC India Cyclically Adjusted Revenue per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years.

What is Cyclically Adjusted Revenue per Share? How do we calculate Cyclically Adjusted Revenue per Share?

Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Revenue per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the revenue per share from 2001 through 2010.

We adjusted the 2001 revenue per share data with the total inflation from 2001 through 2010 to the equivalent revenue in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's revenue is $1 a share in 2001, then the 2001's equivalent revenue in 2010 is $1.4 a share. If Wal-Mart's revenue is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 revenue in 2010 is $1.35. So on and so forth, you get the equivalent revenue per share of past 10 years. Then you add them together and divided the sum by the count to get Cyclically Adjusted Revenue per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

For example, DIC India's adjusted Revenue per Share data for the three months ended in Mar. 2026 was:

Adj_RevenuePerShare= Revenue per Share /CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=261.463/164.2724*164.2724
=261.463

Current CPI (Mar. 2026) = 164.2724.

DIC India Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 198.026 105.961 307.001
201609 192.914 105.961 299.076
201612 195.846 105.196 305.830
201703 243.927 105.196 380.913
201706 199.825 107.109 306.471
201709 221.711 109.021 334.072
201712 176.284 109.404 264.694
201803 207.982 109.786 311.202
201806 223.102 111.317 329.237
201809 230.365 115.142 328.661
201812 247.398 115.142 352.962
201903 214.892 118.202 298.648
201906 221.665 120.880 301.237
201909 212.977 123.175 284.037
201912 208.947 126.235 271.907
202003 187.959 124.705 247.596
202006 127.687 127.000 165.161
202009 166.190 130.118 209.813
202012 178.154 130.889 223.592
202103 188.386 131.771 234.852
202106 178.460 134.084 218.639
202109 203.309 135.847 245.851
202112 238.195 138.161 283.213
202203 217.639 138.822 257.539
202206 234.683 142.347 270.830
202209 242.167 144.661 274.997
202212 251.333 145.763 283.248
202303 216.940 146.865 242.654
202306 225.992 150.280 247.034
202309 235.136 151.492 254.973
202312 222.412 152.924 238.917
202403 214.878 153.035 230.657
202406 263.212 155.789 277.545
202409 239.420 157.882 249.110
202412 238.048 158.323 246.993
202503 228.046 157.552 237.774
202506 245.862 159.755 252.814
202509 242.296 162.289 245.257
202512 251.561 163.281 253.089
202603 261.463 164.272 261.463

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue per Share.

What does a Cyclically Adjusted Revenue per Share of ₹1,073.08 mean?
DIC India (NSE:DICIND) has a Cyclically Adjusted Revenue per Share of ₹1,073.08 as of Mar. 2026. Cyclically adjusted revenue per share represents the company's inflation-adjusted revenue per share over a 10-year period. View historical data on DIC India and its competitors.
Is DIC India's Cyclically Adjusted Revenue per Share too high?
DIC India's current Cyclically Adjusted Revenue per Share is ₹1,073.08. Overall, DIC India has a GF Score™ of 66/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does DIC India's Cyclically Adjusted Revenue per Share compare to LIN and SHW?
DIC India's Cyclically Adjusted Revenue per Share of ₹1,073.08 can be compared against companies in the Chemicals industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted Revenue per Share for a Chemicals company?
A good Cyclically Adjusted Revenue per Share depends on the Chemicals industry context. However, Cyclically Adjusted Revenue per Share should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted Revenue per Share mean?
A high Cyclically Adjusted Revenue per Share can signal that a stock is expensive relative to its fundamentals. Cyclically adjusted revenue per share represents the company's inflation-adjusted revenue per share over a 10-year period. View historical data on DIC India and its competitors. DIC India's current Cyclically Adjusted Revenue per Share is ₹1,073.08. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is DIC India stock overvalued right now?
Based on GuruFocus' analysis, DIC India (NSE:DICIND) is currently considered Fairly Valued. The stock's GF Value™ is ₹551.15, compared to a current price of ₹513.65 — trading 6.8% below its estimated fair value. The current Cyclically Adjusted Revenue per Share is ₹1,073.08. DIC India's overall GF Score™ is 66/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted Revenue per Share calculated?
Cyclically Adjusted Revenue per Share is calculated from a company's financial statements. For DIC India (NSE:DICIND), the current Cyclically Adjusted Revenue per Share is ₹1,073.08 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is DIC India (NSE:DICIND) Overvalued in 2026?

Based on GuruFocus' analysis, DIC India stock appears to be undervalued. The current stock price of ₹513.65 is trading 6.8% below its estimated GF Value™ of ₹551.15. GuruFocus considers DIC India to be Fairly Valued.

Key valuation signals for NSE:DICIND:

  • Cyclically Adjusted Revenue per Share: ₹1,073.08
  • GF Value™: ₹551.15 vs. price of ₹513.65 (6.8% below fair value)
  • GF Score™: 66/100 with 4 warning signs

No single metric tells the full story. See the NSE:DICIND stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


DIC India Business Description

Other Exchanges 500089:India
Address Fusion Square, 5A-5B, Sector-126, 5th Floor, District Gautam Budh Nagar, Noida, UP, IND, 201303
DIC India Ltd is an Indian company engaged in the business of manufacturing printing inks, which cover newsprint ink, offset ink, and liquid ink used in newspapers, other publications, and the packaging industries. It also provides lamination adhesives. The company's product portfolio comprises gravure printing inks, offset inks, barrier coatings, adhesives, metal deco inks, and specialty inks, among others. Geographically, the company generates the majority of its revenue from the sale of its products in its domestic market, and the rest through exports.
66GF Score

Get the complete analysis for NSE:DICIND

Cyclically Adjusted Revenue per Share is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹513.65
Price
₹551.15
GF Value