Dynamic Services & Security Ltd.

•

₹ 141.20.82%

2026-08-21

dssl.ind.inBSE: -NSE: DYNAMIC

Market Cap₹ 330 Cr.

Current Price₹ 154

High / Low₹ 184 / 85

Stock P/E7.7

Book Value₹ 128

Price to Book1.81

Dividend Yield0.00 %

ROCE19.3 %

ROE16.2 %

Face Value₹ 10

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ABOUT

KEY POINTS

Revenue Breakup Mar 2025 • Sales: 60.6% • Manpowe: 39.4%

PROS

Operating margins have improved to 14.4% from 8.1%
Attractively priced for its growth - PEG of 0.1

CONS

Receivables are growing faster than sales - a possible quality concern
Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT 0.20x)
Total debt has risen sharply - up 246.3% year on year
Equity base is being diluted - shares outstanding up 74.0%
Though reporting repeated profits, the company pays out little dividend (0.0%)

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

Peer comparison

EDIT COLUMNS

Oil Gas & Consumable FuelsTradingTrading

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

S.No.	Name	CMP Rs.	P/E	Mar Cap Rs.Cr.	Div Yld %	NP Qtr Rs.Cr.	Qtr Profit Var %	Sales Qtr Rs.Cr.	Qtr Sales Var %	ROCE %	OPM %
1.	ADANIENT	2979.00	54.17	403273.96	0.04	-1461.54	-249.67	32923.98	49.92	13.30	15.57
2.	AEGISLOG	1363.65	38.25	47864.12	0.64	544.84	210.70	2356.86	37.07	19.76	30.28
3.	PREMIERENE	1008.00	27.48	45758.31	0.10	471.92	53.32	2462.59	35.25	41.97	29.03
4.	CPPLUS	3307.45	81.98	39127.28	0.05	142.20	332.51	1402.42	89.51	29.48	14.52
5.	REDINGTON	334.90	15.39	26181.63	1.79	453.49	94.65	34922.47	34.57	18.96	2.03
6.	HONASA	476.90	62.48	15548.09	0.63	90.45	118.87	755.95	27.00	8.99	14.58
7.	LLOYDSENT	78.59	106.84	11997.17	0.19	109.98	-55.77	563.03	70.15	12.84	18.07
8.	SGMART	805.80	81.69	10155.92	0.00	455.80	1310.71	13085.70	1044.08	11.45	4.49
9.	MMTC	62.10	20.82	9315.00	0.00	104.24	135.52	0.68	-50.00	6.90	-1423.53
10.	CELLO	358.45	25.31	7917.62	0.42	73.40	-8.99	526.72	-0.43	17.15	18.80
11.	EBGNG	588.80	47.13	6713.00	0.00	289.30	1462.10	4124.61	1220.81	20.14	11.97
12.	DYNAMIC	140.50	7.65	330.43	0.00	—	—	—	—	19.32	—

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

No quarterly results found

We don't have this information yet. Please check back later.

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	72	82	119	275
	66	75	102	235
Operating Profit	6	16	18	42
OPM %	8	20	15	15
Other Income	1	10	0	2
Interest	3	3	4	10
Depreciation	0	0	0	1
	3	13	13	31
Tax %	25	22	31	32
Net Profit	2	10	9	21
EPS	2	8	6	7
Dividend Payout %	0	0	0	0
Minority Interest	0	0	-0	-4
Share of Associates	0	0	0	0
Adjusted EPS	2	8	6	7
Minority Interest	0	0	-0	-4
Share of Associates	0	0	0	0
Adjusted EPS	2	8	6	7

Mar 2022

: 72
: 66
Operating Profit: 6
OPM %: 8
Other Income: 1
Interest: 3
Depreciation: 0
: 3
Tax %: 25
Net Profit: 2
EPS: 2
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 2
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 2

Mar 2023

: 82
: 75
Operating Profit: 16
OPM %: 20
Other Income: 10
Interest: 3
Depreciation: 0
: 13
Tax %: 22
Net Profit: 10
EPS: 8
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 8
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 8

Mar 2024

: 119
: 102
Operating Profit: 18
OPM %: 15
Other Income: 0
Interest: 4
Depreciation: 0
: 13
Tax %: 31
Net Profit: 9
EPS: 6
Dividend Payout %: 0
Minority Interest: -0
Share of Associates: 0
Adjusted EPS: 6
Minority Interest: -0
Share of Associates: 0
Adjusted EPS: 6

Mar 2025

: 275
: 235
Operating Profit: 42
OPM %: 15
Other Income: 2
Interest: 10
Depreciation: 1
: 31
Tax %: 32
Net Profit: 21
EPS: 7
Dividend Payout %: 0
Minority Interest: -4
Share of Associates: 0
Adjusted EPS: 7
Minority Interest: -4
Share of Associates: 0
Adjusted EPS: 7

COMPOUNDED SALES GROWTH

10 Years:: —
5 Years:: —
3 Years:: 57%

COMPOUNDED PROFIT GROWTH

10 Years:: —
5 Years:: —
3 Years:: 98%

STOCK PRICE CAGR

10 Years:: —
5 Years:: —
3 Years:: 61%
1 Year:: -55%

RETURN ON EQUITY

10 Years:: —
5 Years:: —
3 Years:: 16%
Last Year:: 16%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2022	Mar 2023	Mar 2024	Mar 2025
LIABILITIES	-	-	-	-
Equity Capital	14	14	14	24
	32	55	57	162
	16	13	28	82
Trade Payables	24	11	9	14
	11	12	49	107
Total Liabilities	97	104	157	389
ASSETS	-	-	-	-
	1	5	3	39
Capital Work in Progress	0	4	17	32
	7	0	0	6
	3	5	13	28
	0	0	35	90
Cash & Bank	7	8	1	11
	79	83	87	183
Total Assets	97	104	157	389
Total Debt	23	20	34	119
Net Working Capital	45	46	37	92
Contingent Liabilities	0	0	0	0
Book Value per Share	33.69	50.81	51.17	78.89
Face Value	10.00	10.00	10.00	10.00
Total Debt	23	20	34	119
Net Working Capital	45	46	37	92
Contingent Liabilities	0	0	0	0
Book Value per Share	33.69	50.81	51.17	78.89
Face Value	10.00	10.00	10.00	10.00

Mar 2022

Equity Capital: 14
: 32
: 16
Trade Payables: 24
: 11
Total Liabilities: 97
: 1
Capital Work in Progress: 0
: 7
: 3
: 0
Cash & Bank: 7
: 79
Total Assets: 97
Total Debt: 23
Net Working Capital: 45
Contingent Liabilities: 0
Book Value per Share: 33.69
Face Value: 10.00
Total Debt: 23
Net Working Capital: 45
Contingent Liabilities: 0
Book Value per Share: 33.69
Face Value: 10.00

Mar 2023

Equity Capital: 14
: 55
: 13
Trade Payables: 11
: 12
Total Liabilities: 104
: 5
Capital Work in Progress: 4
: 0
: 5
: 0
Cash & Bank: 8
: 83
Total Assets: 104
Total Debt: 20
Net Working Capital: 46
Contingent Liabilities: 0
Book Value per Share: 50.81
Face Value: 10.00
Total Debt: 20
Net Working Capital: 46
Contingent Liabilities: 0
Book Value per Share: 50.81
Face Value: 10.00

Mar 2024

Equity Capital: 14
: 57
: 28
Trade Payables: 9
: 49
Total Liabilities: 157
: 3
Capital Work in Progress: 17
: 0
: 13
: 35
Cash & Bank: 1
: 87
Total Assets: 157
Total Debt: 34
Net Working Capital: 37
Contingent Liabilities: 0
Book Value per Share: 51.17
Face Value: 10.00
Total Debt: 34
Net Working Capital: 37
Contingent Liabilities: 0
Book Value per Share: 51.17
Face Value: 10.00

Mar 2025

Equity Capital: 24
: 162
: 82
Trade Payables: 14
: 107
Total Liabilities: 389
: 39
Capital Work in Progress: 32
: 6
: 28
: 90
Cash & Bank: 11
: 183
Total Assets: 389
Total Debt: 119
Net Working Capital: 92
Contingent Liabilities: 0
Book Value per Share: 78.89
Face Value: 10.00
Total Debt: 119
Net Working Capital: 92
Contingent Liabilities: 0
Book Value per Share: 78.89
Face Value: 10.00

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	-26	22	-35	21
Cash from Investing	-1	-15	-12	-149
Cash from Financing	20	-6	40	128
	-7	1	-7	-0
Free Cash Flow	-26	14	-47	-31
OCF / Net Profit	-11.91	2.17	-3.80	1.00
Cumulative 5-Year FCF	0	0	0	0
OCF / Net Profit	-11.91	2.17	-3.80	1.00
Cumulative 5-Year FCF	0	0	0	0

Mar 2022

: -26
Cash from Investing: -1
Cash from Financing: 20
: -7
Free Cash Flow: -26
OCF / Net Profit: -11.91
Cumulative 5-Year FCF: 0
OCF / Net Profit: -11.91
Cumulative 5-Year FCF: 0

Mar 2023

: 22
Cash from Investing: -15
Cash from Financing: -6
: 1
Free Cash Flow: 14
OCF / Net Profit: 2.17
Cumulative 5-Year FCF: 0
OCF / Net Profit: 2.17
Cumulative 5-Year FCF: 0

Mar 2024

: -35
Cash from Investing: -12
Cash from Financing: 40
: -7
Free Cash Flow: -47
OCF / Net Profit: -3.80
Cumulative 5-Year FCF: 0
OCF / Net Profit: -3.80
Cumulative 5-Year FCF: 0

Mar 2025

: 21
Cash from Investing: -149
Cash from Financing: 128
: -0
Free Cash Flow: -31
OCF / Net Profit: 1.00
Cumulative 5-Year FCF: 0
OCF / Net Profit: 1.00
Cumulative 5-Year FCF: 0

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2022	Mar 2023	Mar 2024	Mar 2025
PER SHARE	-	-	-	-
EPS (₹)	1.60	7.54	6.45	7.17
Book Value (₹)	33.69	50.81	51.17	78.89
Dividend per Share (₹)	0.00	0.00	0.00	0.00
Cash EPS (₹)	1.79	7.88	6.96	9.13
PROFITABILITY	-	-	-	-
Operating Margin %	8.05%	19.96%	14.44%	14.42%
Net Margin %	3.02%	12.45%	7.66%	7.53%
ROE %	4.74%	17.85%	13.15%	16.18%
ROCE %	7.97%	20.18%	16.53%	19.32%
	2.23%	10.13%	7.00%	7.59%
EFFICIENCY	-	-	-	-
Debtor Days	358	226	101	83
Inventory Days	13	17	28	27
Payable Days	163	112	48	32
	209	131	81	78
FINANCIAL HEALTH	-	-	-	-
Debt to Equity (x)	0.51x	0.29x	0.49x	0.64x
Interest Coverage (x)	2.10x	5.61x	4.32x	3.96x
	2.02x	2.58x	1.79x	1.75x
GROWTH	-	-	-	-
Revenue Growth %	0.00%	14.49%	45.77%	130.20%
Operating Profit Growth %	0.00%	183.83%	7.79%	136.85%
Net Profit Growth %	0.00%	371.94%	-10.33%	126.46%
	0.00%	0.00%	-14.43%	11.08%
VALUATION	-	-	-	-
P/E (x)	0.00x	0.00x	17.24x	19.97x
P/B (x)	0.00x	0.00x	2.17x	1.81x
Dividend Yield %	0.00%	0.00%	0.00%	0.00%
	0.00x	0.00x	10.58x	10.66x

Mar 2022

EPS (₹): 1.60
Book Value (₹): 33.69
Dividend per Share (₹): 0.00
Cash EPS (₹): 1.79
Operating Margin %: 8.05%
Net Margin %: 3.02%
ROE %: 4.74%
ROCE %: 7.97%
: 2.23%
Debtor Days: 358
Inventory Days: 13
Payable Days: 163
: 209
Debt to Equity (x): 0.51x
Interest Coverage (x): 2.10x
: 2.02x
Revenue Growth %: 0.00%
Operating Profit Growth %: 0.00%
Net Profit Growth %: 0.00%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2023

EPS (₹): 7.54
Book Value (₹): 50.81
Dividend per Share (₹): 0.00
Cash EPS (₹): 7.88
Operating Margin %: 19.96%
Net Margin %: 12.45%
ROE %: 17.85%
ROCE %: 20.18%
: 10.13%
Debtor Days: 226
Inventory Days: 17
Payable Days: 112
: 131
Debt to Equity (x): 0.29x
Interest Coverage (x): 5.61x
: 2.58x
Revenue Growth %: 14.49%
Operating Profit Growth %: 183.83%
Net Profit Growth %: 371.94%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2024

EPS (₹): 6.45
Book Value (₹): 51.17
Dividend per Share (₹): 0.00
Cash EPS (₹): 6.96
Operating Margin %: 14.44%
Net Margin %: 7.66%
ROE %: 13.15%
ROCE %: 16.53%
: 7.00%
Debtor Days: 101
Inventory Days: 28
Payable Days: 48
: 81
Debt to Equity (x): 0.49x
Interest Coverage (x): 4.32x
: 1.79x
Revenue Growth %: 45.77%
Operating Profit Growth %: 7.79%
Net Profit Growth %: -10.33%
: -14.43%
P/E (x): 17.24x
P/B (x): 2.17x
Dividend Yield %: 0.00%
: 10.58x

Mar 2025

EPS (₹): 7.17
Book Value (₹): 78.89
Dividend per Share (₹): 0.00
Cash EPS (₹): 9.13
Operating Margin %: 14.42%
Net Margin %: 7.53%
ROE %: 16.18%
ROCE %: 19.32%
: 7.59%
Debtor Days: 83
Inventory Days: 27
Payable Days: 32
: 78
Debt to Equity (x): 0.64x
Interest Coverage (x): 3.96x
: 1.75x
Revenue Growth %: 130.20%
Operating Profit Growth %: 136.85%
Net Profit Growth %: 126.46%
: 11.08%
P/E (x): 19.97x
P/B (x): 1.81x
Dividend Yield %: 0.00%
: 10.66x

Shareholding Pattern

Numbers in percentages

TRADES

	Mar 2023	Sep 2023	Mar 2024	Sep 2024	Dec 2024	Mar 2025	Sep 2025	Mar 2026
	64.99	64.99	64.70	62.34	60.46	60.46	61.38	59.83
	0.00	0.00	0.00	0.09	0.05	0.05	0.00	0.00
DIIs	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	35.01	34.99	35.30	37.58	39.49	39.49	38.62	40.17

Mar 2023

: 64.99
: 0.00
DIIs: 0.00
Government: 0.00
: 35.01

Sep 2023

: 64.99
: 0.00
DIIs: 0.00
Government: 0.00
: 34.99

Mar 2024

: 64.70
: 0.00
DIIs: 0.00
Government: 0.00
: 35.30

Sep 2024

: 62.34
: 0.09
DIIs: 0.00
Government: 0.00
: 37.58

Dec 2024

: 60.46
: 0.05
DIIs: 0.00
Government: 0.00
: 39.49

Mar 2025

: 60.46
: 0.05
DIIs: 0.00
Government: 0.00
: 39.49

Sep 2025

: 61.38
: 0.00
DIIs: 0.00
Government: 0.00
: 38.62

Mar 2026

: 59.83
: 0.00
DIIs: 0.00
Government: 0.00
: 40.17

Documents

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Annual Reports

Credit Ratings

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Concalls

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