DIC IndiaNSE:DICIND -2.87%71 ROE % is 3.95% as of Mar. 2026, which is 12% below its 10-year median of 4.47. GuruFocus rates NSE:DICIND with a GF Score™ of 71/100 and a GF Value™ of ₹547.91 (Fairly Valued). The stock has 4 warning signs investors should review. Among 1,586 Chemicals companies, DIC India ranks worse than 54.35% on this metric.
ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. DIC India's annualized net income for the quarter that ended in Mar. 2026 was ₹169 Mil. DIC India's average Total Stockholders Equity over the quarter that ended in Mar. 2026 was ₹4,286 Mil. Therefore, DIC India's annualized ROE % for the quarter that ended in Mar. 2026 was 3.95%.
The historical rank and industry rank for DIC India's ROE % or its related term are showing as below:
NSE:DICIND'
s ROE % Range Over the Past 10 Years
Min: -5.54 Med: 4.47 Max: 25.36
Current: 4.52
During the past 13 years, DIC India's highest ROE % was 25.36%. The lowest was -5.54%. And the median was 4.47%.
NSE:DICIND's ROE % is ranked worse than 54.35% of 1586
companies
in the Chemicals industry
Industry Median: 5.185
vs NSE:DICIND: 4.52
DIC India (NSE:DICIND) ROE % Explanation
ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.
The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:
Note:
The net income data used here is four times the quarterly (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (Mar. 2026) revenue data. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.
* 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.
Be Aware
Net Income is used.
Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their ROE %s can be extremely high.
DIC India ROE % Related Terms
DIC India ROE % Historical Data
* Premium members only.
The historical data trend for DIC India's ROE % 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.
For the Specialty Chemicals subindustry, DIC India's ROE %, along with its competitors' market caps and ROE % 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 ROE % vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, DIC India's ROE % distribution charts can be found below:
* The bar in red indicates where DIC India's ROE % falls into.
* 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.
In the calculation of annual ROE %, the net income of the last fiscal year and the average total shareholder equity over the fiscal year are used. In calculating the quarterly data,
the net income data used here is four times the quarterly (Mar. 2026) net income data.
ROE % is displayed in the 30-year financial page.
DIC India (NSE:DICIND) has a ROE % of 3.95% as of Mar. 2026. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on DIC India and its competitors. This is 12% below median its historical median of 4.47. According to the industry distribution chart, DIC India ranks #862 out of 1586 companies in the Chemicals industry, placing it in the top 54.4%.
Is DIC India's ROE % too high?
DIC India's current ROE % of 3.95% is 12% below median its 10-year median of 4.47. The Chemicals industry median ROE % is 5.19. DIC India's value of 3.95% is 23.8% below this industry median. Based on the distribution chart, DIC India ranks #862 out of 1586 companies in the Chemicals industry, which is below the industry midpoint. Overall, DIC India has a GF Score™ of 71/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does DIC India's ROE % compare to LIN and SHW?
According to the Chemicals industry distribution chart, DIC India ranks #862 out of 1586 companies for ROE %. This places DIC India in the lower half of its industry. The industry median ROE % is 5.19. DIC India's value of 3.95% is 23.8% below this benchmark. While the company's 10-year median is 4.47 vs. the industry median of 5.19, DIC India has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROE % for a Chemicals company?
The median ROE % among Chemicals companies is 5.19, based on 1,586 companies in the industry. Companies in the top quartile (top 25%) have a ROE % significantly above this median, while those in the bottom quartile fall well below. However, ROE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. DIC India's current ROE % of 3.95% is 23.8% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROE % mean?
A high ROE % can signal that a stock is expensive relative to its fundamentals. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on DIC India and its competitors. For the Chemicals industry, the median ROE % is 5.19 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. DIC India's current ROE % is 3.95%, which is 12% below median its own 10-year median of 4.47. 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 ₹547.91, compared to a current price of ₹509.65 — trading 7% below its estimated fair value. The current ROE % is 3.95%, which is 12% below median its 10-year median of 4.47 and 23.8% below the Chemicals industry median of 5.19. DIC India's overall GF Score™ is 71/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROE % calculated?
ROE % is calculated from a company's financial statements. For DIC India (NSE:DICIND), the current ROE % is 3.95% 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 ₹509.65 is trading 7% below its estimated GF Value™ of ₹547.91.
GuruFocus considers DIC India to be Fairly Valued.
Key valuation signals for NSE:DICIND:
ROE %: 3.95% (12% below median its 10-year median of 4.47)
GF Value™: ₹547.91 vs. price of ₹509.65 (7% below fair value)
Industry Position: 23.8% below the Chemicals median (#862 of 1586)
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 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.
71GF Score
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