DIC India Ltd
NSE: DICIND BSE: 500089
₹613.65
(3.41%)
Thu, 08 Oct 2026, 00:50 pm
Market Cap (in Cr)559.92
PE Ratio19.47
Dividend0.49
Process Industries
Industrial Specialties
24.5KCompany History
1947
- The company was incorporated as a private limited company on 2nd April.
1961
- The entire capital was held by Coates Brothers & Co. Ltd.
- 24,404 equity shares were issued as rights.
1962
- 28,153 equity shares were issued to resident Indian nationals at a premium of Rs. 65 per share.
- The shareholding in the Company of Coates Brothers & Co. Ltd, UK was reduced to 66 2/3% by the issue of further shares to Indian residents.
1964
- 96,000 Right equity shares were issued at par.
1970
- 35,013-1/3 shares were issued without payment in cash.
- 1,80,459 bonus shares were issued in proportion 1:1.
1974
- 3,60,918 bonus shares were issued in proportion 1:1.
1977
- 2,00,000 shares were offered to the public at a premium of Rs. 6 per share.
- The Reserve Bank of India approved the transfer of 1,12,490 equity shares held by Coates Brothers & Co. Ltd, UK to Mimec (India) Pvt. Ltd, Calcutta.
- The holding of Coates Brothers & Co. Ltd was reduced to slightly less than 40%.
1978
- 1,84,335 bonus shares were issued in proportion 1:5.
1982
- A modern 1 tonne resin kettle was installed at the Mumbai unit as part of the modernisation and rehabilitation programme.
1983
- The company installed 4 high efficiency dispension mills at its Mumbai and Calcutta factories.
1985
- 2,21,241 bonus equity shares were issued in August 1986 in the proportion 1:5.
1989
- The authorised capital was reclassified.
- 8,84,962 bonus shares were issued in proportion 2:3.
1991
- Karson Paints Ltd became a subsidiary of the Company.
1992
- A project to manufacture industrial adhesives at the premises of Karson Paints Ltd made satisfactory progress.
- Bostik Ltd, UK completed the transfer of technology.
- 22,12,405 bonus shares were issued in proportion 1:1.
- Karson Paints Ltd was merged with Coates of India Ltd with effect from 1st July, 1992.
1993
- The company issued 11,06,203 equity shares of Rs. 10 each for cash at a premium of Rs.30 per share on Rights basis.
- 55,310 equity shares of Rs.10 each were offered to employees at a premium of Rs. 30 per share.
- 2,12,405 bonus shares were issued in proportion 1:1.
- 11,61,503 Rights shares were issued to shareholders and employees.
1994
- The company allotted 12,99,224 equity shares of Rs. 10 each at a premium of Rs.10 per share on a preferential basis to Coates Brothers Plc, London.
1996
- Coates of India entered into a joint venture with Valspar Corporation of the US and transferred its can coatings business to this company.
- The company proposed to enter a joint venture with Cray Valley of France.
1997
- The scheme for transfer of the packaging coatings business of Coates to the joint venture with Valspar Corporation of the US was approved.
- The company decided to participate in the equity of Cray Valley Resins India Ltd, the new joint venture between the company and the French firm Cray Valley.
1998
- The proposed joint venture in India with Cray Valley of France faced a grim future despite a Central Government clearance for the project.
- The 'AA' rating assigned to the non-convertible debenture programme was reaffirmed.
1999
- Coates of India Ltd spun off its packaging coatings business into a wholly owned subsidiary company called Coates Coatings India Ltd.
- The parent company TotalFina SA signed a memorandum of understanding with Sun Chemical group for the transfer of the coating inks divisions of TotalFina.
2000
- The company finalised the sale of its adhesives division to Bostik India Pvt Ltd.
- The Oswals of the Ludhiana-based Vardhman group bought out Coates in the joint venture company Barber Vardhman.
- SUN Chemicals Group BV made an open offer to buy an additional 17,21,385 shares of Rs. 10 each at Rs. 165 per scrip from the existing shareholders.
- The DIC (Dainippon Ink and Chemicals) Group of Japan acquired a 59.42 per cent controlling stake in Coates of India Ltd.
2001
- Sun Chemical Group B.V. acquired 35,11,624 equity shares of Coates India Ltd from Coates Brothers Plc UK.
- Mr. B S Kampani was appointed as Wholetime Director of the company.
2003
- Dainippon Ink & Chemical (DIC) Asia Pacific increased its stake in the Indian subsidiary to 61.4% from 59.4% by buying shares from the secondary market.
- DIC (Dainippon Inks & Chemicals) Group of Japan decided to set up a new plant in Bangalore for some of its specialised Graphic Arts products.
- DIC Asia Pacific Pte Ltd. Singapore acquired 1,69,491 shares amounting to 2.46% of the total paid up capital of Coates of India Limited.
- Mr B M Varma resigned as Non-executive Director from the close of business on October 31, 2003.
2004
- The company's name was changed to DIC India Limited.
2007
- Dr. P K Dutt was appointed as Chairman-cum-Managing Director of the Company.
- Prof. Ranjan Das and Mr. Subir Bose were appointed as Independent and Additional Directors in the Board of the Company.
- The company issued rights in the ratio of 1:3 at a premium of Rs.215/- Per Share.
2009
- Mr. Bhaskar Nath Ghosh was appointed as an Independent and Additional Director in the Board of the Company.
2010
- The company recommended the payment of dividend at the rate of Rs. 4.00 per share on the capital of 9,178,977 equity shares of Rs. 10/- each.
- The company executed the Share Purchase Agreement with The Valspar (Singapore) Corporation Pte Limited.
2011
- The Board recommended a dividend of Rs. 4.00 per share and a special dividend of Re. 1.00 per share.
2013
- The Board recommended a dividend of Rs. 4.00 per share on the capital of 9,178,977 equity shares of Rs. 10/- each.
2014
- The Board recommended a dividend of Rs. 4.00 per share on the capital of 9,178,977 equity shares of Rs. 10/- each.
2023
- DIC India inaugurated its new state-of-the-art manufacturing facility in Gujarat.
