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/E0.0

Book Value₹ 70

Price to Book2.47

Dividend Yield0.00 %

ROCE14.5 %

ROE12.2 %

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 15.2% from 8.1%
Attractively priced for its growth - PEG of 0.3

CONS

Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT 0.37x)
Total debt has risen sharply - up 215.4% year on year
Equity base is being diluted - shares outstanding up 74.0%
Inventory has been piling up - inventory days up from 8 to 11

* 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

Standalone Figures in Rs. Crores / View Consolidated

No standalone quarterly results found

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

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	0	0	70	72	73	104	153
	0	0	66	66	67	89	130
Operating Profit	0	0	5	6	15	15	24
OPM %	3	5	7	8	21	15	15
Other Income	0	0	1	1	10	0	0
Interest	0	0	3	3	3	3	6
Depreciation	0	0	0	0	0	0	0
	0	0	1	3	12	12	17
Tax %	26	29	26	25	20	30	29
Net Profit	0	0	1	2	10	9	12
EPS	0	0	0	2	7	6	5
Dividend Payout %	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0
Share of Associates	0	0	0	0	0	0	0
Adjusted EPS	0	0	10	2	7	6	5
Minority Interest	0	0	0	0	0	0	0
Share of Associates	0	0	0	0	0	0	0
Adjusted EPS	0	0	10	2	7	6	5

Mar 2019

: 0
: 0
Operating Profit: 0
OPM %: 3
Other Income: 0
Interest: 0
Depreciation: 0
: 0
Tax %: 26
Net Profit: 0
EPS: 0
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 0

Mar 2020

: 0
: 0
Operating Profit: 0
OPM %: 5
Other Income: 0
Interest: 0
Depreciation: 0
: 0
Tax %: 29
Net Profit: 0
EPS: 0
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 0

Mar 2021

: 70
: 66
Operating Profit: 5
OPM %: 7
Other Income: 1
Interest: 3
Depreciation: 0
: 1
Tax %: 26
Net Profit: 1
EPS: 0
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 10
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 10

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

: 73
: 67
Operating Profit: 15
OPM %: 21
Other Income: 10
Interest: 3
Depreciation: 0
: 12
Tax %: 20
Net Profit: 10
EPS: 7
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 7
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 7

Mar 2024

: 104
: 89
Operating Profit: 15
OPM %: 15
Other Income: 0
Interest: 3
Depreciation: 0
: 12
Tax %: 30
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

: 153
: 130
Operating Profit: 24
OPM %: 15
Other Income: 0
Interest: 6
Depreciation: 0
: 17
Tax %: 29
Net Profit: 12
EPS: 5
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 5
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 5

COMPOUNDED SALES GROWTH

10 Years:: —
5 Years:: 219%
3 Years:: 29%

COMPOUNDED PROFIT GROWTH

10 Years:: —
5 Years:: 281%
3 Years:: 79%

STOCK PRICE CAGR

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

RETURN ON EQUITY

10 Years:: —
5 Years:: 23%
3 Years:: 15%
Last Year:: 12%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
LIABILITIES	-	-	-	-	-	-	-
Equity Capital	0	0	0	14	14	14	24
	0	1	2	32	42	51	112
	10	24	23	16	13	19	49
Trade Payables	11	24	17	24	9	8	11
	28	33	29	12	10	25	40
Total Liabilities	48	82	71	97	87	117	236
ASSETS	-	-	-	-	-	-	-
	1	1	1	1	1	1	3
Capital Work in Progress	0	0	0	0	2	4	12
	0	0	1	1	2	14	65
	0	1	1	3	2	2	7
	0	0	0	0	0	33	48
Cash & Bank	7	19	15	7	7	1	10
	40	61	53	85	72	62	91
Total Assets	48	82	71	97	87	117	236
Total Debt	31	53	49	23	18	25	80
Net Working Capital	16	26	21	45	42	36	52
Contingent Liabilities	0	0	14	6	0	0	0
Book Value per Share	3.76	1168.01	2206.64	33.69	40.85	47.40	57.83
Face Value	10.00	10.00	10.00	10.00	10.00	10.00	10.00
Total Debt	31	53	49	23	18	25	80
Net Working Capital	16	26	21	45	42	36	52
Contingent Liabilities	0	0	14	6	0	0	0
Book Value per Share	3.76	1168.01	2206.64	33.69	40.85	47.40	57.83
Face Value	10.00	10.00	10.00	10.00	10.00	10.00	10.00

Mar 2019

Equity Capital: 0
: 0
: 10
Trade Payables: 11
: 28
Total Liabilities: 48
: 1
Capital Work in Progress: 0
: 0
: 0
: 0
Cash & Bank: 7
: 40
Total Assets: 48
Total Debt: 31
Net Working Capital: 16
Contingent Liabilities: 0
Book Value per Share: 3.76
Face Value: 10.00
Total Debt: 31
Net Working Capital: 16
Contingent Liabilities: 0
Book Value per Share: 3.76
Face Value: 10.00

Mar 2020

Equity Capital: 0
: 1
: 24
Trade Payables: 24
: 33
Total Liabilities: 82
: 1
Capital Work in Progress: 0
: 0
: 1
: 0
Cash & Bank: 19
: 61
Total Assets: 82
Total Debt: 53
Net Working Capital: 26
Contingent Liabilities: 0
Book Value per Share: 1168.01
Face Value: 10.00
Total Debt: 53
Net Working Capital: 26
Contingent Liabilities: 0
Book Value per Share: 1168.01
Face Value: 10.00

Mar 2021

Equity Capital: 0
: 2
: 23
Trade Payables: 17
: 29
Total Liabilities: 71
: 1
Capital Work in Progress: 0
: 1
: 1
: 0
Cash & Bank: 15
: 53
Total Assets: 71
Total Debt: 49
Net Working Capital: 21
Contingent Liabilities: 14
Book Value per Share: 2206.64
Face Value: 10.00
Total Debt: 49
Net Working Capital: 21
Contingent Liabilities: 14
Book Value per Share: 2206.64
Face Value: 10.00

Mar 2022

Equity Capital: 14
: 32
: 16
Trade Payables: 24
: 12
Total Liabilities: 97
: 1
Capital Work in Progress: 0
: 1
: 3
: 0
Cash & Bank: 7
: 85
Total Assets: 97
Total Debt: 23
Net Working Capital: 45
Contingent Liabilities: 6
Book Value per Share: 33.69
Face Value: 10.00
Total Debt: 23
Net Working Capital: 45
Contingent Liabilities: 6
Book Value per Share: 33.69
Face Value: 10.00

Mar 2023

Equity Capital: 14
: 42
: 13
Trade Payables: 9
: 10
Total Liabilities: 87
: 1
Capital Work in Progress: 2
: 2
: 2
: 0
Cash & Bank: 7
: 72
Total Assets: 87
Total Debt: 18
Net Working Capital: 42
Contingent Liabilities: 0
Book Value per Share: 40.85
Face Value: 10.00
Total Debt: 18
Net Working Capital: 42
Contingent Liabilities: 0
Book Value per Share: 40.85
Face Value: 10.00

Mar 2024

Equity Capital: 14
: 51
: 19
Trade Payables: 8
: 25
Total Liabilities: 117
: 1
Capital Work in Progress: 4
: 14
: 2
: 33
Cash & Bank: 1
: 62
Total Assets: 117
Total Debt: 25
Net Working Capital: 36
Contingent Liabilities: 0
Book Value per Share: 47.40
Face Value: 10.00
Total Debt: 25
Net Working Capital: 36
Contingent Liabilities: 0
Book Value per Share: 47.40
Face Value: 10.00

Mar 2025

Equity Capital: 24
: 112
: 49
Trade Payables: 11
: 40
Total Liabilities: 236
: 3
Capital Work in Progress: 12
: 65
: 7
: 48
Cash & Bank: 10
: 91
Total Assets: 236
Total Debt: 80
Net Working Capital: 52
Contingent Liabilities: 0
Book Value per Share: 57.83
Face Value: 10.00
Total Debt: 80
Net Working Capital: 52
Contingent Liabilities: 0
Book Value per Share: 57.83
Face Value: 10.00

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	-19	-10	5	-26	19	-13	5
Cash from Investing	-5	0	-3	-1	-11	-14	-100
Cash from Financing	31	23	-7	20	-8	20	94
	7	13	-5	-7	-0	-7	-0
Free Cash Flow	-19	-10	5	-26	16	-15	-5
OCF / Net Profit	-2172.07	-659.39	5.14	-11.91	1.95	-1.48	0.43
Cumulative 5-Year FCF	0	0	0	0	0	-30	-24
OCF / Net Profit	-2172.07	-659.39	5.14	-11.91	1.95	-1.48	0.43
Cumulative 5-Year FCF	0	0	0	0	0	-30	-24

Mar 2019

: -19
Cash from Investing: -5
Cash from Financing: 31
: 7
Free Cash Flow: -19
OCF / Net Profit: -2172.07
Cumulative 5-Year FCF: 0
OCF / Net Profit: -2172.07
Cumulative 5-Year FCF: 0

Mar 2020

: -10
Cash from Investing: 0
Cash from Financing: 23
: 13
Free Cash Flow: -10
OCF / Net Profit: -659.39
Cumulative 5-Year FCF: 0
OCF / Net Profit: -659.39
Cumulative 5-Year FCF: 0

Mar 2021

: 5
Cash from Investing: -3
Cash from Financing: -7
: -5
Free Cash Flow: 5
OCF / Net Profit: 5.14
Cumulative 5-Year FCF: 0
OCF / Net Profit: 5.14
Cumulative 5-Year FCF: 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

: 19
Cash from Investing: -11
Cash from Financing: -8
: -0
Free Cash Flow: 16
OCF / Net Profit: 1.95
Cumulative 5-Year FCF: 0
OCF / Net Profit: 1.95
Cumulative 5-Year FCF: 0

Mar 2024

: -13
Cash from Investing: -14
Cash from Financing: 20
: -7
Free Cash Flow: -15
OCF / Net Profit: -1.48
Cumulative 5-Year FCF: -30
OCF / Net Profit: -1.48
Cumulative 5-Year FCF: -30

Mar 2025

: 5
Cash from Investing: -100
Cash from Financing: 94
: -0
Free Cash Flow: -5
OCF / Net Profit: 0.43
Cumulative 5-Year FCF: -24
OCF / Net Profit: 0.43
Cumulative 5-Year FCF: -24

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
PER SHARE	-	-	-	-	-	-	-
EPS (₹)	8.57	15.26	1038.63	1.60	7.16	6.23	5.23
Book Value (₹)	3.76	1168.01	2206.64	33.69	40.85	47.40	57.83
Dividend per Share (₹)	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Cash EPS (₹)	0.12	0.17	13.07	1.79	7.39	6.34	5.32
PROFITABILITY	-	-	-	-	-	-	-
Operating Margin %	3.49%	5.05%	6.99%	8.05%	20.90%	14.54%	15.21%
Net Margin %	2.02%	3.28%	1.48%	3.02%	13.24%	8.20%	8.04%
ROE %	227.94%	2.60%	61.55%	9.05%	19.21%	14.23%	12.23%
ROCE %	0.04%	0.05%	8.69%	9.12%	21.01%	17.12%	14.55%
	0.02%	0.02%	1.36%	2.57%	10.54%	8.42%	6.98%
EFFICIENCY	-	-	-	-	-	-	-
Debtor Days	0	0	207	281	250	110	96
Inventory Days	398	489	6	10	12	8	11
Payable Days	0	0	136	138	121	46	86
	398	489	76	153	142	72	21
FINANCIAL HEALTH	-	-	-	-	-	-	-
Debt to Equity (x)	8213.46x	45.79x	22.35x	0.51x	0.33x	0.39x	0.59x
Interest Coverage (x)	131.42x	43.86x	1.44x	2.10x	5.34x	4.93x	3.91x
	1.60x	1.51x	1.50x	2.03x	2.60x	2.12x	1.64x
GROWTH	-	-	-	-	-	-	-
Revenue Growth %	0.00%	9.40%	0.00%	2.10%	2.24%	42.83%	46.52%
Operating Profit Growth %	0.00%	58.38%	0.00%	17.59%	165.50%	1.20%	52.53%
Net Profit Growth %	0.00%	78.03%	6707.14%	107.95%	348.12%	-11.53%	43.70%
	0.00%	0.00%	0.00%	0.00%	0.00%	-12.99%	-16.01%
VALUATION	-	-	-	-	-	-	-
P/E (x)	0.00x	0.00x	0.00x	0.00x	0.00x	17.86x	27.35x
P/B (x)	0.00x	0.00x	0.00x	0.00x	0.00x	2.35x	2.47x
Dividend Yield %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
	0.00x	0.00x	0.00x	0.00x	0.00x	11.50x	17.24x

Mar 2019

EPS (₹): 8.57
Book Value (₹): 3.76
Dividend per Share (₹): 0.00
Cash EPS (₹): 0.12
Operating Margin %: 3.49%
Net Margin %: 2.02%
ROE %: 227.94%
ROCE %: 0.04%
: 0.02%
Debtor Days: 0
Inventory Days: 398
Payable Days: 0
: 398
Debt to Equity (x): 8213.46x
Interest Coverage (x): 131.42x
: 1.60x
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 2020

EPS (₹): 15.26
Book Value (₹): 1168.01
Dividend per Share (₹): 0.00
Cash EPS (₹): 0.17
Operating Margin %: 5.05%
Net Margin %: 3.28%
ROE %: 2.60%
ROCE %: 0.05%
: 0.02%
Debtor Days: 0
Inventory Days: 489
Payable Days: 0
: 489
Debt to Equity (x): 45.79x
Interest Coverage (x): 43.86x
: 1.51x
Revenue Growth %: 9.40%
Operating Profit Growth %: 58.38%
Net Profit Growth %: 78.03%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2021

EPS (₹): 1038.63
Book Value (₹): 2206.64
Dividend per Share (₹): 0.00
Cash EPS (₹): 13.07
Operating Margin %: 6.99%
Net Margin %: 1.48%
ROE %: 61.55%
ROCE %: 8.69%
: 1.36%
Debtor Days: 207
Inventory Days: 6
Payable Days: 136
: 76
Debt to Equity (x): 22.35x
Interest Coverage (x): 1.44x
: 1.50x
Revenue Growth %: 0.00%
Operating Profit Growth %: 0.00%
Net Profit Growth %: 6707.14%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

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 %: 9.05%
ROCE %: 9.12%
: 2.57%
Debtor Days: 281
Inventory Days: 10
Payable Days: 138
: 153
Debt to Equity (x): 0.51x
Interest Coverage (x): 2.10x
: 2.03x
Revenue Growth %: 2.10%
Operating Profit Growth %: 17.59%
Net Profit Growth %: 107.95%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2023

EPS (₹): 7.16
Book Value (₹): 40.85
Dividend per Share (₹): 0.00
Cash EPS (₹): 7.39
Operating Margin %: 20.90%
Net Margin %: 13.24%
ROE %: 19.21%
ROCE %: 21.01%
: 10.54%
Debtor Days: 250
Inventory Days: 12
Payable Days: 121
: 142
Debt to Equity (x): 0.33x
Interest Coverage (x): 5.34x
: 2.60x
Revenue Growth %: 2.24%
Operating Profit Growth %: 165.50%
Net Profit Growth %: 348.12%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2024

EPS (₹): 6.23
Book Value (₹): 47.40
Dividend per Share (₹): 0.00
Cash EPS (₹): 6.34
Operating Margin %: 14.54%
Net Margin %: 8.20%
ROE %: 14.23%
ROCE %: 17.12%
: 8.42%
Debtor Days: 110
Inventory Days: 8
Payable Days: 46
: 72
Debt to Equity (x): 0.39x
Interest Coverage (x): 4.93x
: 2.12x
Revenue Growth %: 42.83%
Operating Profit Growth %: 1.20%
Net Profit Growth %: -11.53%
: -12.99%
P/E (x): 17.86x
P/B (x): 2.35x
Dividend Yield %: 0.00%
: 11.50x

Mar 2025

EPS (₹): 5.23
Book Value (₹): 57.83
Dividend per Share (₹): 0.00
Cash EPS (₹): 5.32
Operating Margin %: 15.21%
Net Margin %: 8.04%
ROE %: 12.23%
ROCE %: 14.55%
: 6.98%
Debtor Days: 96
Inventory Days: 11
Payable Days: 86
: 21
Debt to Equity (x): 0.59x
Interest Coverage (x): 3.91x
: 1.64x
Revenue Growth %: 46.52%
Operating Profit Growth %: 52.53%
Net Profit Growth %: 43.70%
: -16.01%
P/E (x): 27.35x
P/B (x): 2.47x
Dividend Yield %: 0.00%
: 17.24x

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

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