Case study

DICIND

DIC India Ltd

Mixed signals1y model +4.5%

Each stock's 10,000-path forecast, rendered as light.

49Score

DIC India Ltd (DICIND) Stock Analysis & Case Study

What the numbers say about DICIND, and the method behind each one.

DIC India Ltd (DICIND) trades at ₹569,on the numbers it mixed signals, a Downstox Snapshot Score of 49/100.

On the numbers, DIC India Ltd (DICIND) mixed signals, a Downstox Snapshot Score of 49/100, weighing fairly valued at 23.7× earnings, ROE of 10.8%, a 55% model probability of trading higher in a year. Below: the full bull case, bear case, sector-relative valuation, and a probability-weighted price target for 2027-2031.

Last updated . Data snapshot for research, not investment advice.

DICIND fundamentals at a glance, PE, PB, ROE, ROCE, market cap, dividend yield

Market cap
₹523 Cr
Current price
₹569
P/E ratio
23.7×
P/B ratio
2.46×
Book value
₹231
Dividend yield
0.53%
ROCE
15.2%
ROE
10.8%
Piotroski F-Score
6/8

How DICIND ranks against the 2,982 companies in our screener

Is DICIND overvalued? DICIND P/E vs peers

DICIND trades at 23.7× earnings. We don't have a verified sector peer group for this stock yet, so no sector peer median or peer comparison table is shown here. Showing one anyway would compare it against an arbitrary set of large-cap names, not real sector peers.

DICIND share price target 2027, 2028, 2029, 2030, 2031, a probability view

Unlike a single guessed number, this is a probability-weighted range from a 10,000-path Monte-Carlo simulation on 9.8y of DICIND history (0%/yr drift, 35%/yr volatility).

YearLow (P10)Median target (P50)High (P90)Upside vs today
DICIND 2027₹383₹595₹924+4%
DICIND 2028₹330₹621₹1,171+9%
DICIND 2029₹301₹649₹1,398+14%
DICIND 2030₹276₹678₹1,664+19%
DICIND 2031₹260₹708₹1,932+24%

Median (P50) is the central estimate; the P10-P90 band is the 80% confidence range. Probabilities, not promises.

What is the probability DICIND goes up, or doubles?

55%
Higher in 1 year
Modelled chance the price is above today in 12 months
61%
Higher in 5 years
Modelled chance the price is above today in 5 years
27%
Doubles in 5 years
Modelled chance of reaching ₹1,139 within 5 years

The bull case for DICIND

  • DICIND's P/E of 23.7x is lower than 51% of the 2,982 NSE companies in our screener, as of 14 Aug 2026.
  • Upside scenario: the model's optimistic (P90) 3-year path reaches ₹1,398.

The bear case & risks

  • DICIND's return on equity of 10.8% ranks in the 52nd percentile of the 2,982 NSE companies in our screener, as of 14 Aug 2026.
  • Downside scenario: the model's pessimistic (P10) 3-year path falls to ₹301.

DICIND volatility & expected range, how bumpy is the ride?

Over the last 9.8 years DICIND compounded at 0%/year with annualized volatility of 35%. That volatility implies a 1-year 80% range of ₹383-₹924, the honest backbone behind any single price target.

DICIND price forecast, the full 60-month probability fan

Spot Price · Today
₹0
Based on 9.8 years of daily NSE data ·0.0% annualised volatility
5-yr median forecast
₹0
P(price ↑ in 5y)
0%
1-Year Forecast
2027
₹0
Median (P50)
4.5%
80% range₹383-₹924
P(price ↑)55%
P(price 2×)3%
3-Year Forecast
2029
₹0
Median (P50)
14.0%
80% range₹301-₹1,398
P(price ↑)58%
P(price 2×)18%
5-Year Forecast
2031
₹0
Median (P50)
24.5%
80% range₹260-₹1,932
P(price ↑)61%
P(price 2×)27%

DICIND price probability fan

Each band shows where 10,000 simulated paths land. The wider the fan, the more uncertainty.

Probability Fan
DICIND simulated paths · 60 months · 10,000 trials
P10-P90 (80%)P25-P75 (50%)Median (P50)

Probability of key outcomes

What are the odds DICIND hits common targets within the simulated horizon?

0%
P(↑ 1Y)
Above today's price in 1 year
0%
P(↑ 5Y)
Above today's price in 5 years
0%
P(2×)
Doubles within 5 years
0%
P(↓)
Falls below today in 5 years

Full multi-horizon detail on the DICIND price target & forecast page.

DICIND Piotroski F-Score: 6/8, how financially strong is it?

6/8

The Piotroski F-Score grades financial strength on profitability, leverage and efficiency checks. Downstox scores the eight checks it can verify from published filings, so 8 is full marks. DICIND scores 6/8, mixed financial health.

About DIC India Ltd: sector, index & market-cap context

DIC India Ltd (DICIND) is a small-cap NSE-listed company, with a market capitalisation of ₹523 Cr. See more stocks on our screener.

How the DICIND Snapshot Score & forecast are built

The Downstox Snapshot Score is a transparent, rules-based read of DIC India Ltd's public fundamentals plus a statistical forecast, not an analyst opinion. It rewards low-to-fair valuation, high ROE/ROCE, a strong Piotroski F-Score, a dividend, low volatility and a favourable probability of upside; it penalises rich valuations, weak capital efficiency, a low F-Score and high volatility. The price target is a 10,000-path Monte-Carlo simulation on real historical volatility, a distribution, not a single guess. The bull and bear cases are generated from the same data, so you always see both sides.

This is information, not investment advice. Do your own due diligence and consult a SEBI-registered adviser before investing.

DICIND analysis, FAQs

Is DIC India Ltd (DICIND) a good buy?

On the numbers, DIC India Ltd (DICIND) mixed signals, a Downstox Snapshot Score of 49/100, weighing fairly valued at 23.7× earnings, ROE of 10.8%, a 55% model probability of trading higher in a year. This is a data snapshot for research, not investment advice.

Is DICIND overvalued or undervalued?

DICIND trades at 23.7× earnings, fairly valued versus the ~22× long-run Nifty average.

What is the DICIND share price target for 2031?

DICIND's probability-weighted 2031 median target is ₹708, with an 80% range of ₹260-₹1,932 (10,000-path Monte-Carlo).

What is the probability DICIND doubles in 5 years?

The modelled probability of DICIND reaching ₹1,139 (2×) within 5 years is 27%.

What is the bull case for DICIND?

DICIND's P/E of 23.7x is lower than 51% of the 2,982 NSE companies in our screener, as of 14 Aug 2026.

What are the risks in DICIND?

DICIND's return on equity of 10.8% ranks in the 52nd percentile of the 2,982 NSE companies in our screener, as of 14 Aug 2026.

More on DICIND

For information and education only. Downstox is a data and analytics platform, not a SEBI-registered Research Analyst or Investment Adviser. Nothing here is investment advice or a recommendation to buy, sell or hold any security. Any scores, ranks, targets or scenarios are model estimates shown with their method, not forecasts or assured outcomes. Markets carry risk; do your own research and consult a SEBI-registered adviser before investing.