Dynacons Systems & Solutions Ltd.

•

dynacons.comBSE: 532365NSE: DSSL

Market Cap₹ 1,343 Cr.

Current Price

High / Low₹ 1,925 / 781

Stock P/E15.9

Book Value₹ 263

Price to Book5.73

Dividend Yield0.05 %

ROCE46.6 %

ROE37.5 %

Face Value₹ 10

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ABOUT

AI Sector View

AI GENERATED

Information Technology

Buy

IT is supported by a still-expanding services backdrop and a weaker rupee. Export of services grew 13.0% YoY (2026-06), services PMI was 54.1 (Aug/26), and the currency at 95.23 (Sep/26) is depreciated versus the previous 95.16, which helps INR translation of export revenues. FPI positioning is only neutral-to-soft with net 3-month flow of INR -5 crore to 2026-08-31, so the positive stance is primarily macro-driven.

Confidence

68%

View full sector analysis →

PROS

Company has delivered good profit growth of 63.9% CAGR over last 5 years
Company has a healthy return on capital (ROCE) of 42.9%
Company has a good return on equity (ROE) track record: 3 Years ROE 39.3%
Company has delivered good sales growth of 31.0% CAGR over last 5 years
Operating margins have improved to 8.3% from 5.0%

CONS

Total debt has risen sharply - up 56.3% year on year
Contingent liabilities are large at 63.5% of net worth
Equity base is being diluted - shares outstanding up 12.8%
Stock is trading at 5.7x its book value

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

Information TechnologyITIT - Software

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name
1.	TCS	2300.90	16.72	832485.76	4.78	13420.00	4.69	72275.00	13.93	66.25	25.67
2.	INFY	1130.00	15.14	458580.27	4.25	7775.00	12.29	48211.00	14.03	42.84	23.66
3.	HCLTECH	1294.00	20.15	351148.26	4.17	4626.00	20.34	34579.00	13.94	31.20	19.87
4.	WIPRO	176.80	13.25	175109.01	6.22	3356.30	0.59	24478.60	10.59	18.49	18.93
5.	TECHM	1592.00	30.38	156037.29	3.20	1486.30	31.67	15711.90	17.68	23.04	17.43
6.	LTM	4550.00	25.80	134962.70	1.65	1468.60	17.06	11608.00	17.96	30.25	17.75
7.	OFSS	12067.35	30.79	105086.26	3.31	1415.50	120.52	3125.20	68.73	45.50	60.04
8.	PERSISTENT	5655.00	46.38	89207.62	0.71	483.04	13.67	4303.23	29.09	35.09	16.19
9.	COFORGE	1967.45	49.61	87153.72	0.80	531.70	49.19	5527.70	49.86	24.70	19.14
10.	MPHASIS	2425.35	24.23	46294.46	2.56	489.51	10.82	4384.05	17.46	23.31	18.15
11.	LTTS	3492.45	28.07	37047.05	1.66	3571.00	1029.71	29401.00	1014.73	27.70	18.65
12.	DSSL	1054.60	15.84	1343.25	0.05	19.80	0.77	313.69	-4.61	46.62	12.81

Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	296	220	227	282	321	306	309	331	329	352	340	402	311
	275	201	208	263	296	281	282	302	297	315	299	366	287
Operating Profit	21	19	19	20	25	26	27	29	32	37	41	36	25
OPM %	6.94%	8.65%	8.34%	6.98%	7.73%	8.34%	8.75%	8.73%	9.65%	10.54%	11.94%	9.04%	7.92%
	1	1	1	2	1	2	1	2	1	1	1	2	2
Interest	2	2	2	2	2	2	3	5	5	5	6	7	7
Depreciation	0	0	0	0	0	2	0	1	1	3	4	6	8
Profit before Tax	19	17	18	19	24	24	25	25	26	31	31	25	26
Tax %	24.61%	26.56%	26.17%	23.91%	25.27%	24.27%	25.30%	26.56%	25.27%	26.31%	25.29%	24.99%	25.30%
Net Profit	14	13	13	14	18	18	18	18	20	23	23	19	20
	11.06	9.91	10.29	11.26	13.90	14.36	14.40	14.28	15.41	17.75	18.43	15.03	15.36

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
	124	158	211	304	328	436	654	804	1,024	1,267	1,405
	120	154	204	292	313	417	623	750	946	1,162	1,267
Operating Profit	4	5	7	12	15	19	31	55	78	105	139
OPM %	3.36%	2.93%	3.16%	3.91%	4.45%	4.28%	4.67%	6.79%	7.63%	8.31%	9.87%
	1	1	1	1	2	2	2	2	4	7	6
Interest	3	3	4	6	8	7	9	11	9	13	25
Depreciation	1	1	1	1	1	1	1	1	2	2	21
Profit before Tax	1	2	3	6	8	12	22	45	72	97	114
Tax %	30.60%	24.66%	33.37%	33.67%	24.09%	23.75%	25.36%	25.17%	25.27%	25.35%	25.50%
Net Profit	1	1	2	4	6	9	16	33	54	72	85
EPS	0.00	0.00	0.00	0.00	0.00	7.88	13.59	27.64	42.44	56.91	—
Dividend Payout %	0.00%	0.00%	0.00%	0.00%	7.50%	5.49%	3.43%	1.90%	1.18%	0.88%	—

COMPOUNDED SALES GROWTH

10 Years:: 28%
5 Years:: 31%
3 Years:: 25%

COMPOUNDED PROFIT GROWTH

10 Years:: 59%
5 Years:: 64%
3 Years:: 64%

STOCK PRICE CAGR

10 Years:: 56%
5 Years:: 53%
3 Years:: 14%
1 Year:: 8%

RETURN ON EQUITY

10 Years:: 22%
5 Years:: 34%
3 Years:: 39%
Last Year:: 37%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	6	6	7	9	9	10	11	13	13	13
	11	13	15	22	27	38	56	91	144	216
	21	20	35	35	37	43	63	67	30	113
Trade Payables	8	8	6	25	43	80	161	219	382	393
	4	7	6	7	6	10	8	12	17	38
Total Liabilities	50	54	69	98	122	180	299	402	586	773
	3	3	3	2	4	6	6	7	6	9
Capital Work in Progress	0	0	0	0	0	0	0	0	0	22
	0	0	0	0	0	0	1	1	1	1
	7	9	14	17	9	42	71	37	73	58
	0	0	0	0	0	0	0	0	402	437
Cash & Bank	6	9	9	18	17	23	35	46	88	104
	33	32	44	61	93	108	186	312	17	142
Total Assets	50	54	69	98	122	180	299	402	586	773

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	-4	5	-12	5	6	11	-11	18	29	64
Cash from Investing	-1	-0	-1	-0	0	-2	-1	-0	-0	-26
Cash from Financing	5	-1	13	-2	-8	-0	14	-5	-42	-6
	0	3	-1	-0	-4	6	-2	9	-14	32

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
PER SHARE
EPS (₹)	1.54	1.95	2.74	4.56	6.67	9.10	14.59	26.29	42.44	56.91
Book Value (₹)	28.48	29.83	31.86	33.50	39.46	47.03	59.29	81.61	123.65	179.99
Dividend per Share (₹)	0.00	0.00	0.00	0.00	0.50	0.50	0.50	0.50	0.50	0.50
Cash EPS (₹)	2.59	2.91	3.84	5.35	7.79	10.34	15.80	27.37	43.64	58.20
PROFITABILITY
Operating Margin %	3.78%	3.27%	3.56%	4.30%	5.14%	4.71%	4.96%	7.07%	7.63%	8.31%
Net Margin %	0.73%	0.79%	0.90%	1.38%	1.87%	2.12%	2.52%	4.15%	5.27%	5.72%
ROE %	5.56%	6.95%	9.22%	15.87%	18.28%	22.00%	28.75%	39.16%	41.38%	37.50%
ROCE %	12.21%	11.67%	13.59%	19.78%	23.00%	23.88%	28.31%	37.06%	44.95%	46.57%
	2.19%	2.41%	3.07%	5.00%	5.56%	6.10%	6.87%	9.53%	10.92%	10.65%
EFFICIENCY
Debtor Days	67	69	60	58	79	78	77	108	125	121
Inventory Days	21	18	20	18	14	21	32	24	20	19
Payable Days	2110	-1100	-544	-1910	1540	-662	-1542	2021	-2983	9332
	-2022	1187	624	1987	-1447	762	1651	-1888	3128	-9193
FINANCIAL HEALTH
Debt to Equity (x)	1.24x	1.06x	1.61x	1.15x	0.97x	0.85x	0.92x	0.63x	0.21x	0.23x
Interest Coverage (x)	1.48x	1.57x	1.73x	2.05x	2.04x	2.69x	3.45x	5.09x	9.14x	8.31x
	1.38x	1.50x	1.49x	1.45x	1.42x	1.40x	1.35x	1.42x	1.39x	1.36x
GROWTH
Revenue Growth %	18.36%	27.47%	33.11%	44.15%	7.98%	32.93%	50.02%	22.96%	27.39%	23.66%
Operating Profit Growth %	5.83%	10.32%	44.88%	74.23%	28.95%	21.83%	58.00%	75.43%	45.21%	35.52%
Net Profit Growth %	32.62%	36.73%	51.65%	121.39%	46.14%	50.76%	78.47%	102.78%	61.67%	34.20%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	61.42%	34.07%
VALUATION
P/E (x)	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	24.12x	18.14x
P/B (x)	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	8.28x	5.73x
Dividend Yield %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.05%	0.05%
	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	15.09x	11.27x

Shareholding Pattern

Numbers in percentages

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	61.01	61.01	61.01	60.95	60.95	60.95	60.95	60.89	60.89
	0.01	0.01	0.81	0.16	0.17	0.28	0.34	0.37	1.08
	0.18	0.00	0.00	0.27	0.24	0.11	0.26	0.30	0.28
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	38.80	38.98	38.19	38.63	38.64	38.66	38.45	38.44	37.75

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-09-04

Copy of Newspaper Publication

2026-09-04 - Dynacons Systems & Solutions Limited has informed the Exchange about Copy of Newspaper Publication, pursuant to Regulation 47 of SEBI (LODR) Regulations, 2015, and in compliance with MCA circulars the Company has published the public notice of the 31st Annual General Meeting of the Company in Financial Express (English) Newspaper and Mumbai Lakshadweep (Marathi) Newspaper edition dated September 04, 2026

2026-09-02

General Updates

2026-09-02 - Dynacons Systems & Solutions Limited has informed the Exchange about book closure for 31st AGM of the Company

2026-09-02

Record Date

2026-09-02 - Dynacons Systems & Solutions Limited has informed the Exchange that Record date for the purpose of 31st AGM, the Company has fixed September 23, 2026 as record date is 23-Sep-2026.

2026-09-02

Outcome of Board Meeting

2026-09-02 - Dynacons Systems & Solutions Limited has informed the Exchange regarding Outcome of Board Meeting held on September 02, 2026.

2026-09-02

Outcome of Board Meeting

2026-09-02 - Dynacons Systems & Solutions Limited has informed the Exchange regarding Outcome of Board Meeting held on September 02, 2026.

2026-08-20

Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-20 - Dynacons Systems & Solutions Limited has informed the Exchange about Transcript

2026-08-19

Press Release

2026-08-19 - Dynacons Systems & Solutions Limited has informed the Exchange regarding a press release dated August 19, 2026, titled "Dynacons Achieves SOC 2 Type II Certification, Reinforcing Its Commitment to Security, Reliability and Trust".

2026-08-15

Copy of Newspaper Publication

2026-08-15 - Dynacons Systems & Solutions Limited has informed the Exchange about Copy of Newspaper Publication

2026-08-15

Copy of Newspaper Publication

2026-08-15 - Dynacons Systems & Solutions Limited has informed the Exchange about Copy of Newspaper Publication

News

Recent coverage and analyst commentary for DSSL

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Free 5nance Account

Name

TCS

2300.90

16.72

832485.76

4.78

13420.00

4.69

72275.00

13.93

66.25

25.67

INFY

1130.00

15.14

458580.27

4.25

7775.00

12.29

48211.00

14.03

42.84

23.66

HCLTECH

1294.00

20.15

351148.26

4.17

4626.00

20.34

34579.00

13.94

31.20

19.87

WIPRO

176.80

13.25

175109.01

6.22

3356.30

0.59

24478.60

10.59

18.49

18.93

TECHM

1592.00

30.38

156037.29

3.20

1486.30

31.67

15711.90

17.68

23.04

17.43

LTM

4550.00

25.80

134962.70

1.65

1468.60

17.06

11608.00

17.96

30.25

17.75

OFSS

12067.35

30.79

105086.26

3.31

1415.50

120.52

3125.20

68.73

45.50

60.04

PERSISTENT

5655.00

46.38

89207.62

0.71

483.04

13.67

4303.23

29.09

35.09

16.19

COFORGE

1967.45

49.61

87153.72

0.80

531.70

49.19

5527.70

49.86

24.70

19.14

MPHASIS

2425.35

24.23

46294.46

2.56

489.51

10.82

4384.05

17.46

23.31

18.15

LTTS

3492.45

28.07

37047.05

1.66

3571.00

1029.71

29401.00

1014.73

27.70

18.65

DSSL

1054.60

15.84

1343.25

0.05

19.80

0.77

313.69

-4.61

46.62

12.81

Jun 2023

Sep 2023

Dec 2023

Mar 2024

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

296

220

227

282

321

306

309

331

329

352

340

402

311

275

201

208

263

296

281

282

302

297

315

299

366

287

Operating Profit

OPM %

6.94%

8.65%

8.34%

6.98%

7.73%

8.34%

8.75%

8.73%

9.65%

10.54%

11.94%

9.04%

7.92%

Interest

Depreciation

Profit before Tax

Tax %

24.61%

26.56%

26.17%

23.91%

25.27%

24.27%

25.30%

26.56%

25.27%

26.31%

25.29%

24.99%

25.30%

Net Profit

11.06

9.91

10.29

11.26

13.90

14.36

14.40

14.28

15.41

17.75

18.43

15.03

15.36

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

TTM

124

158

211

304

328

436

654

804

1,024

1,267

1,405

120

154

204

292

313

417

623

750

946

1,162

1,267

Operating Profit

105

139

OPM %

3.36%

2.93%

3.16%

3.91%

4.45%

4.28%

4.67%

6.79%

7.63%

8.31%

9.87%

Interest

Depreciation

Profit before Tax

114

Tax %

30.60%

24.66%

33.37%

33.67%

24.09%

23.75%

25.36%

25.17%

25.27%

25.35%

25.50%

Net Profit

EPS

0.00

7.88

13.59

27.64

42.44

56.91

—

Dividend Payout %

0.00%

7.50%

5.49%

3.43%

1.90%

1.18%

0.88%

—

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Equity Capital

144

216

113

Trade Payables

161

219

382

393

Total Liabilities

122

180

299

402

586

773

Capital Work in Progress

402

437

Cash & Bank

104

108

186

312

142

Total Assets

122

180

299

402

586

773

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

-4

-12

-11

Cash from Investing

-1

-0

-1

-0

-2

-1

-0

-26

Cash from Financing

-1

-2

-8

-0

-5

-42

-6

-1

-0

-4

-2

-14

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

PER SHARE

EPS (₹)

1.54

1.95

2.74

4.56

6.67

9.10

14.59

26.29

42.44

56.91

Book Value (₹)

28.48

29.83

31.86

33.50

39.46

47.03

59.29

81.61

123.65

179.99

Dividend per Share (₹)

0.00

0.50

Cash EPS (₹)

2.59

2.91

3.84

5.35

7.79

10.34

15.80

27.37

43.64

58.20

PROFITABILITY

Operating Margin %

3.78%

3.27%

3.56%

4.30%

5.14%

4.71%

4.96%

7.07%

7.63%

8.31%

Net Margin %

0.73%

0.79%

0.90%

1.38%

1.87%

2.12%

2.52%

4.15%

5.27%

5.72%

ROE %

5.56%

6.95%

9.22%

15.87%

18.28%

22.00%

28.75%

39.16%

41.38%

37.50%

ROCE %

12.21%

11.67%

13.59%

19.78%

23.00%

23.88%

28.31%

37.06%

44.95%

46.57%

2.19%

2.41%

3.07%

5.00%

5.56%

6.10%

6.87%

9.53%

10.92%

10.65%

EFFICIENCY

Debtor Days

108

125

121

Inventory Days

Payable Days

2110

-1100

-544

-1910

1540

-662

-1542

2021

-2983

9332

-2022

1187

624

1987

-1447

762

1651

-1888

3128

-9193

FINANCIAL HEALTH

Debt to Equity (x)

1.24x

1.06x

1.61x

1.15x

0.97x

0.85x

0.92x

0.63x

0.21x

0.23x

Interest Coverage (x)

1.48x

1.57x

1.73x

2.05x

2.04x

2.69x

3.45x

5.09x

9.14x

8.31x

1.38x

1.50x

1.49x

1.45x

1.42x

1.40x

1.35x

1.42x

1.39x

1.36x

GROWTH

Revenue Growth %

18.36%

27.47%

33.11%

44.15%

7.98%

32.93%

50.02%

22.96%

27.39%

23.66%

Operating Profit Growth %

5.83%

10.32%

44.88%

74.23%

28.95%

21.83%

58.00%

75.43%

45.21%

35.52%

Net Profit Growth %

32.62%

36.73%

51.65%

121.39%

46.14%

50.76%

78.47%

102.78%

61.67%

34.20%

0.00%

61.42%

34.07%

VALUATION

P/E (x)

0.00x

24.12x

18.14x

P/B (x)

0.00x

8.28x

5.73x

Dividend Yield %

0.00%

0.05%

0.00x

15.09x

11.27x

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

61.01

60.95

60.89

0.01

0.81

0.16

0.17

0.28

0.34

0.37

1.08

0.18

0.00

0.27

0.24

0.11

0.26

0.30

0.28

Government

0.00

38.80

38.98

38.19

38.63

38.64

38.66

38.45

38.44

37.75

Dynacons Systems & Solutions Ltd.

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Quarterly Results

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Dynacons Systems & Solutions Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI