Sector Alpha Week of 2026-09-11
Not SEBI Registered !! Not Investment advice !!
Sector Alpha — machine-written from the numbers · Data as of 2026-09-11

Dynacons Systems & Solutions Ltd

DSSL
IT - Software

Dynacons Systems & Solutions Ltd is printing record margins on a fuller multiple. From here the earnings must do all the lifting.

Biggest watch item: margins are the best this company has ever printed — every ratio flatters at record profitability, so the whole story leans on margins holding.

The price is in a confirmed uptrend (18 weeks in) while the P/E sits at the 55th percentile of its own 10-year range. Underneath, the last four quarters read mixed — profit +0.0% year on year, and 67% of the last 3 years' profit arrived as cash. What settles it: the next one or two quarters of delivery.

Stage
Topping out
partial read
Price
₹1,059
+9.7% 1Y
P/E
15.9×
55th pctile
of its own 10-year range
Revenue (Jun 26)
₹314 Cr
−4.6% YoY
Profit (Jun 26)
₹20.0 Cr
+0.0% YoY
Operating margin
13.0%
+3.0 pp YoY
ROCE
30%
FY26
ROIC
22.5%
vs WACC 12.0% → +10.5 pp
Cash conversion
67%
of profit, last 3 FY
Unverified figures: Some figures on this page come from a second financial-data feed that could not be cross-checked against the primary source — the two do not share enough overlapping reported history to compare. They are drawn, because they are the only evidence there is, and every section carrying one is marked unverified. PEG is the exception: the quarterly curve is not drawn at all. PEG asks what is being paid for growth — both sides of that division come from the source that could not be checked, so it is withheld instead of marked.
01 · Price story

Price story Before the numbers, the tape. A stock price moves through four repeating seasons: a flat base (stage 1), an advance (2), a top (3), a decline (4). Where the price sits in that cycle frames everything below.

Dynacons Systems & Solutions Ltd trades at ₹1,059, in a confirmed uptrend and 18 weeks into that stage. That is −7.5% against its own 200-day average. It sits at 23% of a 52-week range of ₹856 to ₹1,748. On relative strength it is currently behind the NIFTY 500 on a trailing-13-week view (11 weeks and counting).

Today the stock is in a confirmed uptrend — week 18 of stage 2. At ₹1,059 it trades −7.5% versus its 200-day average and sits at 23% of its 52-week range (₹856–₹1,748).

Sep 26: ₹1,059 Weekly closing price (₹) with 50- and 200-day averages; shaded bands mark the price stage (grey base, green advance, amber top, red decline). 3-year window.
−7.5% versus the 200-day line, week 18 of stage 2
Price50-day avg200-day avg
S2S4S2₹1,850₹1,478₹1,106₹735₹363₹1,059₹1,145Sep 23Jun 24Mar 25Jan 26Sep 26
S2S4S2₹1,850₹1,478₹1,106₹735₹363₹1,059₹1,145Sep 23Mar 25Sep 26
Beating or trailing, week by week since 2016 Each cell is one week from 2016 to now (551 weeks): the stock's trailing 13-week return minus the NIFTY 500's, green ahead / red behind (±25% ramp). Grey cells are the 13-week warm-up or weeks where the NIFTY 500 reading is not held.
trailing 13-week return vs the NIFTY 500
Apr 16Sep 26

Against the market, two honest reads. Cumulative: over the last 10.4 years the stock moved +7,738% while the NIFTY 500 moved +259% — ahead of the index over the full window. Recent form: on a trailing-13-week view the stock is currently behind (11 weeks and counting; last ahead the week of 2026-07-01) — the ribbon below is that same metric, week by week.

What would end the trend, mechanically: two Friday closes in a row below the 200-day line. That is the exit rule — no debates.

02 · Valuation

Valuation P/E is the price of ₹1 of annual profit: how many rupees the market pays for each rupee the company earns in a year.

Dynacons Systems & Solutions Ltd trades at 15.9× P/E, mid-range by its own standards (55th percentile). Its long-run median P/E is 15.3×, measured across 9.7 years of weekly readings. This places the multiple against the stock’s own record, and says nothing about what the business is worth.

Today's P/E of 15.9× is mid-range by its own standards (55th percentile), against a long-run median of 15.3× measured over 9.7 years of weekly readings. This is a comparison against the stock's own history — not a claim about what it is worth.

P/E 15.9× vs a 15.3× long-run median P/E, weekly (left axis); earnings per share, trailing twelve months, weekly (right axis). 9.7-year window; loss-period spikes above 31× shown pinned at the top. The eps (ttm) bars are red where the reading is lower than the quarter before.
mid-range by its own standards (55th percentile)
P/EMedianEPS (TTM) (quarterly)
33.6×₹71.925.2×₹53.916.8×₹36.08.4×₹18.00.0×₹0.0×15.90×₹67Jan 17Jun 19Nov 21May 24Sep 26
33.6×₹71.925.2×₹53.916.8×₹36.08.4×₹18.00.0×₹0.0×15.90×₹67Jan 17Nov 21Sep 26
P/E
15.9×
55th percentile of 10y

Why the multiple sits where it does: over the past year annual EPS moved +16.9% against a +9.7% price move — earnings outran the price, pushing the multiple DOWN its own range.

The price move, decomposed: over 5y, of the +53.6%/yr price move, ~+44.2%/yr came from earnings growth and ~+9.4 pp from the multiple (expanding). The split is the honest approximate (price return minus earnings growth); it makes the rally itself visible instead of hiding it behind the percentile.

Put together: the multiple is unremarkable against its own past, so the story rests on the earnings line underneath it, not the multiple.

A quarterly PEG curve, which only the second data source carries, is not drawn on this page: its two data sources do not share enough overlapping reported history to be compared. A figure nobody could check is not used to price growth — the gap is a decision, not missing data.

03 · What the price assumes

What the price assumes This reading works the multiple backwards. It asks one question: what yearly rate of profit growth is a buyer at the market price already paying for? The number is the growth rate that makes eleven years of profit — six years growing, then five fading — add up to that day's market price, once each year is discounted at 11% a year.

Solved at its 13 June 2026 price, Dynacons Systems & Solutions Ltd was paying for profit growth of about 11.0% a year. Profit itself has compounded 55.9% a year over the past 10 years. Today the market pays 15.9× P/E, the 55th percentile of its own 10-year range.

What the two numbers say together. The multiple is unremarkable against its own past, and the growth the price is paying for is below what this company has actually delivered.

How to hold this number: it is a reading of one day's price, taken on 13 June 2026, not a running figure — every other number on this page, the multiple included, is read off the live quote as of 11 September 2026. A higher price is paying for more growth and a lower price for less, so it moves whenever the price does, and this page does not restate it between measurements.

04 · Stage: Topping out

Stage: Topping out Every business sits somewhere on a fundamental arc, and this page names the spot before anything else. The last twelve quarters of revenue, profit and EPS growth — plus the return the business earns on its capital — are read as curves: Deteriorating (the curves are falling), Turning around (a trough has just formed and the last few quarters lift off it), Improving (the climb off the trough is sustained), Consistent (steadily positive with healthy returns), Topping out (still high but decelerating from the peak). When the curves genuinely disagree the read is Mixed; too little history is No read. CAGR (compound annual growth rate) is the smooth yearly pace that turns the starting value into the latest one — the fairest way to compare growth across different time spans. Read the columns together: if the 1-year number towers over the 10-year, recent growth is running hotter than the long-run trend. A dash means that window is not held, or the base year was a loss (where a growth rate is not meaningful).

Dynacons Systems & Solutions Ltd reads as topping out on its fundamental arc. Topping out — profit and EPS growth have decelerated hard (profit growth +34.9% at its peak → +16.2% latest) while ROCE still reads 30.0%. The read is built from 9 quarters across 4 curves, on partial evidence.

Growth, year by year: revenue +12.4% in FY26, profit +18.1% Year-over-year growth per fiscal year, %: revenue (left axis); net profit and EPS (right axis — profit growth swings far wider). Zero line drawn.
Revenue YoYProfit YoYEPS YoY
54%162%41%119%28%75%15%32%2.3%−12%%%12.4%18.1%FY16FY21FY26
54%162%41%119%28%75%15%32%2.3%−12%%%12.4%18.1%FY16FY21FY26
Three growth curves, twelve quarters Year-on-year growth of trailing-twelve-month revenue (left axis), profit and EPS (right axis — they swing far wider), % at each quarter-end. A missing point means that reading is not held for the quarter.
the trajectory the stage is read from · revenue rolling over, profit rolling over
RevenueProfitEPS
27%37%23%31%18%25%14%18%9.3%12%%%10.5%16.2%13.8%Sep 23Dec 24Jun 26
27%37%23%31%18%25%14%18%9.3%12%%%10.5%16.2%13.8%Sep 23Dec 24Jun 26
ROCE Annual readings — the quarterly balance-sheet pieces this curve needs are not held for this stock, so the returns read moves once a year and carries less weight in the call.
the return curve, annual readings
ROCE
45%41%37%33%29%%30%FY23FY24FY26
45%41%37%33%29%%30%FY23FY24FY26
Revenue growth
Steady high
latest +10.5% · span +10.5% to +25.8%
Profit growth
Rolling over
latest +16.2% · span +16.2% to +34.9%
EPS growth
Rolling over
latest +13.8% · span +13.8% to +35.7%
ROCE
Falling
latest 30.0% · span 30.0%–44.0%

Why it matters: decelerating from a peak is where good stories quietly end — the multiple usually notices late.

Return readings here are annual, not quarterly — read as level and direction only; they can confirm the growth curves but never drive the stage on their own.

A partial read: at least one curve is short, or the returns curve is not the computed quarterly series — hold the stage word a little more loosely.

Compound annual growth rate (%) Compound annual growth rate over each window, %. Revenue, profit and EPS from fiscal-year figures; share price is the price CAGR over the same spans. A dash = that window is not held, or the base was a loss.
1yr3yr5yr10yr
Revenue+12.4%+21.0%+26.7%+27.6%
Profit+18.1%+37.1%+56.7%+55.9%
EPS+16.9%+36.2%+51.2%+45.7%
Share price+9.7%+14.2%+53.6%+56.3%
Revenue YoY (Jun 26)
−4.6%
latest quarter vs a year ago
Profit YoY (Jun 26)
+0.0%
latest quarter vs a year ago
Revenue 10y
27.6%
long-run compound pace
05 · 4-Factor Sector Score

4-Factor Sector Score

47.2/100 — rank 39 of 64 in IT - Software · 87% evidence confidence

Dynacons Systems & Solutions Ltd scores 47.2 out of 100 against the 64 companies it is compared with in IT - Software, ranking 39. Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

The four contributions add to the total exactly: 16.8 + 15.4 + 8.1 + 6.9 = 47.2. This is the SAME number shown on the sector comparison — it is computed once, for the whole peer set, and read here.

What would change it: The read weakens if profit growth turns negative or margin improvement reverses while sector-relative strength deteriorates.

06 · Revenue

Revenue Revenue is the top line: everything the company billed its customers in the period.

Dynacons Systems & Solutions Ltd reported ₹314 Cr of revenue in the Jun 26 quarter, −4.6% year on year. Over 10 years it has compounded at 27.6% a year. The last full year, FY26, came in at ₹1,424 Cr. The last four reported quarters add to ₹1,409 Cr.

FY26 revenue came in at ₹1,424 Cr (+12.4% on the year), capping 10 years at 27.6% compound. The latest quarter (Jun 26) printed ₹314 Cr, −4.6% year on year.

FY26 revenue ₹1,424 Cr (+12.4% YoY) Revenue bars, ₹ Cr (left); YoY growth-% line (right). 11-year window. A bar is red when it is lower than the year before.
27.6% a year over 10 years
RevenueYoY growth
1.5k54%1.2k41%76928%38415%02.3%₹ Cr%₹1,42412.4%FY16FY21FY26
1.5k54%1.2k41%76928%38415%02.3%₹ Cr%₹1,42412.4%FY16FY21FY26
Jun 26: ₹314 Cr (−4.6% YoY) Quarterly revenue bars, ₹ Cr (left); YoY growth-% line (right). Last 12 quarters. A bar is red when it is lower than the quarter before.
Revenue (quarterly)YoY growth
43443%32629%21714%1090.0%0−15%₹ Cr%₹314−4.6%Sep 23Dec 24Jun 26
43443%32629%21714%1090.0%0−15%₹ Cr%₹314−4.6%Sep 23Dec 24Jun 26

Pace check: the last four quarters averaged +10.5% growth against the decade's 27.6% — the current year is running slower than its own long-run rate.

Acceleration check: trailing-twelve-month revenue grew +10.5% over the last 4 quarters against +15.8%/yr over the last 8 — rolling over; TTM profit +16.2% vs +21.8%/yr — rolling over.

07 · Operating margin

Operating margin Operating margin is what is left of every ₹100 of sales after running the business, before interest and tax. It is the cleanest read on pricing power and cost control.

Dynacons Systems & Solutions Ltd's operating margin is 13.0% in the Jun 26 quarter, +3.0 percentage points against the same quarter a year ago. That is the widest this company has ever printed on a full-year basis. Across 15 fiscal years the operating margin has ranged 3.0% to 10.0%.

The latest quarter's operating margin is 13.0%, +3.0 pp against the same quarter a year ago. Across 15 fiscal years the operating margin has ranged 3.0%–10.0%, and FY26's 10.0% is the top of that band — a record year.

Why the margin moved: operating margin went +3.2 pp year on year while gross margin went +5.3 pp — the gain came mostly from the gross line: input costs and pricing.

Worth repeating from the valuation section: cheap against its own history on record margins is not the same thing as cheap — a record margin flatters every ratio built on top of it.

FY26: 10.0% Operating margin by fiscal year, %, line (left); year-on-year change in the margin, in percentage points, line (right). 15-year window.
the widest a 3.0–10.0% band over 15 years
operating marginYoY change (pp)
11%2.6%8.5%1.4%6.5%0.1%4.5%−1.1%2.4%−2.3%%%10%2%FY09FY19FY26
11%2.6%8.5%1.4%6.5%0.1%4.5%−1.1%2.4%−2.3%%%10%2%FY09FY19FY26
Jun 26: 13.0% operating margin (+3.0 pp YoY) Quarterly operating margin, %, line (left); year-on-year change in the margin, in percentage points, line (right). Last 12 quarters. Operating profit as a share of revenue, per quarter.
Operating marginYoY change (pp)
13%3.3%12%2.2%10%1.0%8.3%−0.2%6.5%−1.3%%%13%3%Sep 23Dec 24Jun 26
13%3.3%12%2.2%10%1.0%8.3%−0.2%6.5%−1.3%%%13%3%Sep 23Dec 24Jun 26
08 · Net profit

Net profit Net profit is what survives every cost, interest and tax — the number EPS, dividends and book value all grow from.

Dynacons Systems & Solutions Ltd earned ₹20.0 Cr of net profit in the Jun 26 quarter, +0.0% year on year. Full-year FY26 profit was ₹85.0 Cr. The 10-year compound rate is 55.9%. That is 6.4% of the quarter's revenue. The same quarter a year earlier earned ₹20.0 Cr.

Jun 26 profit was ₹20.0 Cr, +0.0% year on year. On the full year, FY26 printed ₹85.0 Cr (+18.1%), and the 10-year compound rate is 55.9%.

FY26 profit ₹85.0 Cr (+18.1% YoY) Net profit bars, ₹ Cr (left); YoY growth-% line (right). 11-year window. A bar is red when it is lower than the year before.
55.9% a year over 10 years
Net profitYoY growth
92162%69119%4675%2332%0−12%₹ Cr%₹8518.1%FY16FY21FY26
92162%69119%4675%2332%0−12%₹ Cr%₹8518.1%FY16FY21FY26
Jun 26: ₹20.0 Cr (+0.0% YoY) Quarterly net profit bars, ₹ Cr (left); YoY growth-% line (right). Last 12 quarters. A bar is red when it is lower than the quarter before.
Net profit (quarterly)YoY growth
2668%1949%1331%613%0−5.0%₹ Cr%₹200%Sep 23Dec 24Jun 26
2668%1949%1331%613%0−5.0%₹ Cr%₹200%Sep 23Dec 24Jun 26

🚨 Why profit moved: revenue contributed −4.6% and the margin +3.0 pp — the quarter was margin-led: most of the profit growth came from keeping more of each sale.

Pace comparison, last four quarters: profit +16.7% vs revenue +10.5%. Profit is growing faster than sales — fixed costs are being spread over a bigger base, and each extra rupee of revenue drops more to the bottom line.

09 · Cash flow — the router

Cash flow — the router The P&L says what was earned; the cash-flow statement says what actually arrived. Operating cash flow (CFO) against profit is the cleanest lie detector in the accounts.

Over the last 3 fiscal years 67% of Dynacons Systems & Solutions Ltd's reported profit arrived as operating cash — most of the profit is real cash. In FY26 that was ₹46.0 Cr of operating cash against ₹85.0 Cr of profit. After ₹143 Cr of capital spending, ₹−97.0 Cr was left as free cash.

FY26: operating cash of ₹46.0 Cr against reported profit of ₹85.0 Cr, leaving free cash of ₹−97.0 Cr after ₹143 Cr of capital spending. Across the last 3 fiscal years the conversion rate is 67% of profit.

Cash-flow readings here are annual — that is the resolution our series carries, so this section moves once a year.

FY26: CFO ₹46.0 Cr vs profit ₹85.0 Cr Operating cash flow and net profit by fiscal year, ₹ Cr; the line is free cash flow (CFO minus capital spending). 11-year window, annual resolution.
67% of 3-year profit arrived as cash
Operating cashNet profitFree cash
10047−6−59−112₹ Cr₹46₹85₹−97FY16FY21FY26
10047−6−59−112₹ Cr₹46₹85₹−97FY16FY21FY26
FY26: CFO = 54% of profit (three-year rate 67%) Operating cash as a share of net profit, per fiscal year, % (line). Dashed line = 100% — every unit of profit arriving as cash; outlier years shown pinned.
Conversion100%
376%101%−175%−451%−726%%54%FY16FY21FY26
376%101%−175%−451%−726%%54%FY16FY21FY26

🚨 Why conversion sits at 67%: the cash cycle tightened 26 days between FY21 and FY26 — cash that used to wait in the cycle now reaches the bank sooner. Less than 70% of profit arriving as cash is the thing to watch on this page.

Router verdict: the bigger cash user is investment — capital spending ran 9.1× depreciation over three years, so the next section's job is to check what that build-out is buying.

10 · Where the cash goes

Where the cash goes Working capital is the cash tied up between paying suppliers and getting paid: debtor days (customers owe), inventory days (stock waits), and the cash conversion cycle (the whole loop, in days of sales).

Dynacons Systems & Solutions Ltd's cash conversion cycle runs 24 days in FY26, down from 50 days in FY21. Capital spending ran ₹173 Cr over the last 3 years. At FY26 sales of ₹1,424 Cr each day of that cycle holds about ₹3.9 Cr, so roughly ₹94.0 Cr sits inside the business at any moment.

FY26: debtors at 154 days, inventory at 5 days — roughly 0.2 months of stock waiting to sell; that is where the cash sits while it waits — for a full cycle of 24 days, tighter than FY21's 50.

The full loop: cash goes out to suppliers and production on day 0; stock waits 5 days to sell; customers pay about 154 days after that; and suppliers themselves are paid at 135 days — netting out to the 24-day cycle.

In money terms: at FY26 sales of ₹1,424 Cr, each day of the cycle holds about ₹3.9 Cr — so the 24-day loop keeps roughly ₹94.0 Cr sitting inside the business at any moment.

FY26: a 24-day cash cycle Debtor days, inventory days, payable days and the cash conversion cycle by fiscal year. 15-year window.
−26 days vs FY21
Cash cycleInventory daysDebtor daysPayable days
1681248137−7days24d5d154d135dFY09FY15FY19FY22FY26
1681248137−7days24d5d154d135dFY09FY19FY26

On the investment side: capital spending of ₹173 Cr over the last 3 fiscal years against ₹19.0 Cr of depreciation — the company is building well ahead of wear-and-tear. Capital work-in-progress stands at ₹3.0 Cr (FY26) — capacity paid for but not yet earning.

FY26: capex ₹143 Cr, work-in-progress ₹3.0 Cr Capital spending per fiscal year, ₹ Cr (bars); capital work-in-progress, ₹ Cr (line). Quarterly capital-spending history is not held for India — annual is the honest resolution.
a build-out
CapexWork-in-progress
15411677390₹ Cr₹143₹3FY16FY18FY21FY23FY26
15411677390₹ Cr₹143₹3FY16FY21FY26

The synthesis: the cash is going into capacity, not disappearing into the cycle — the question becomes whether the new capacity earns.

11 · Return on capital

Return on capital Return on capital employed (ROCE) is the profit the whole business earns on all the money in it — equity and debt together. It is the single best test of whether growth creates value or just size.⚠ unverified

Dynacons Systems & Solutions Ltd earns a ROCE of 30% in FY26. That is up from a trough of 5% in FY10. Return on invested capital clears the cost of that capital by +10.5 percentage points, so growth here adds value rather than only size. The wiring behind it is 6.0% net margin on 1.41× asset turns.

FY26 ROCE is 30%, recovered from a FY10 trough of 5% — the full ladder below shows the fall and the climb, undoctored.

Why the return is what it is — the wiring (FY26): 6.0% net margin × 1.41× asset turns × 3.22× balance-sheet leverage ≈ 27.2% on equity. Margin does its share; leverage is a meaningful part of the equation.

The capstone test — ROIC − WACC: 22.5% − 12.0% = a +10.5 pp spread. The 12.0% is a standing assumption for the cost of capital in India, not a per-stock estimate — read the sign and the size of the spread, not the decimals. A spread this wide means every rupee reinvested creates more than a rupee of value — the engine compounds.

FY26: ROCE 30% Return on capital employed by fiscal year, % (line); ROIC by fiscal year, % (line). 14-year window, dips included. Dashed line = the 12.0% cost of capital used on this page.
the climb back from FY10's 5%
ROCEROIC (annual)WACC
47%36%25%13%1.9%%30%25.2%FY10FY19FY26
47%36%25%13%1.9%%30%25.2%FY10FY19FY26
Q4 FY26: ROCE 30.2% (TTM) vs WACC 12.0% Trailing-twelve-month ROCE and ROIC, per quarter, %; dashed line = the cost of capital. Last 12 quarters, put on a trailing-twelve-month basis and anchored to the annual figure.
ROCE (TTM)ROIC (TTM)WACC
49%39%29%19%9.3%%30.2%31.2%Q1 FY24Q2 FY25Q4 FY26
49%39%29%19%9.3%%30.2%31.2%Q1 FY24Q2 FY25Q4 FY26
12 · Debt

Debt Debt-to-equity says how much of the business is funded by borrowings. Low is the safe corner; the trend matters as much as the level.⚠ unverified

Dynacons Systems & Solutions Ltd carries total debt of ₹237 Cr against shareholder equity of ₹315 Cr as of Mar 26, a debt-to-equity of 0.75. On the annual view that ratio went from 0.94 in FY22 to 0.75 in FY26. Read the returns elsewhere on this page with that leverage in mind.

Mar 26: total debt of ₹237 Cr against shareholder equity of ₹315 Cr — a debt-to-equity of 0.75. On the annual view, debt-to-equity went from 0.94 (FY22) to 0.75 (FY26). Read the returns on this page with that leverage in mind.

FY26: debt ₹237 Cr at 0.75× equity Total debt by fiscal year, ₹ Cr (bars); debt-to-equity, × (line). 5-year window.
Total debtDebt-to-equity
2561.0×1920.8×1280.6×640.4×00.2×₹ Cr×₹2370.75×FY22FY24FY26
2561.0×1920.8×1280.6×640.4×00.2×₹ Cr×₹2370.75×FY22FY24FY26
Mar 26: debt ₹237 Cr, debt-to-equity 0.75 Total debt per quarter, ₹ Cr (bars); debt-to-equity, × (line). Last 12 quarters. India reports the full balance sheet half-yearly, so the intervening quarter carries the prior reading forward.
Total debt (quarterly)Debt-to-equity
2560.8×1920.6×1280.5×640.3×00.2×₹ Cr×₹2370.75×Jun 23Sep 24Mar 26
2560.8×1920.6×1280.5×640.3×00.2×₹ Cr×₹2370.75×Jun 23Sep 24Mar 26
13 · Ownership

Ownership Who owns the stock, quarter by quarter: promoters (the controlling owners), foreign and domestic institutions, and the public. Steady accumulation by people close to the numbers is a signal; a quiet register is also an answer.

Foreign institutions added 1.1 points of Dynacons Systems & Solutions Ltd over 8 quarters, the biggest move on the register. That takes foreign institutions to 1.1% of the company. Promoters moved −0.1 points over the same window, to 60.9%. The register is read on the four disclosed classes only; nothing is inferred between filings.

The register over the last two years — Foreign institutions: +1.1 points over 8 quarters to 1.1%; Promoters: −0.1 points over 8 quarters to 60.9%; Domestic institutions: +0.1 points over 8 quarters to 0.3%.

Why the register moved: foreign institutions drove it (+1.1 points) — steady accumulation by institutions reading the same numbers this page reads.

Fiscal-year ends: promoters −0.1 pts from Mar 24 to Mar 26 Shareholding at each fiscal-year end (March quarter), % of the company. 3 year-ends held.
PromotersForeign inst.Domestic inst.Public
66%48%31%13%−4.8%%60.9%0.4%0.3%38.5%Mar 24Mar 25Mar 26
66%48%31%13%−4.8%%60.9%0.4%0.3%38.5%Mar 24Mar 25Mar 26
Foreign institutions added 1.1 points over 8 quarters Shareholding by holder class, % of the company, quarterly, last 13 quarters.
PromotersForeign inst.Domestic inst.Public
66%48%31%13%−4.9%%60.9%1.1%0.3%37.7%Jun 23Dec 24Jun 26
66%48%31%13%−4.9%%60.9%1.1%0.3%37.7%Jun 23Dec 24Jun 26
14 · Safety line

Safety line The Z-score estimates how far a company sits from balance-sheet distress — above roughly 3 is safe, below roughly 1.8 is the danger zone. It was built for manufacturers, so it is not applied to banks and lenders.

Dynacons Systems & Solutions Ltd: the Z-score is not available for this stock, so we say so rather than invent one. It is a distance-to-distress estimate from the balance sheet, not a forecast of failure. The debt, cash-flow and return sections above carry the balance-sheet evidence this page does hold, and each of them states its own reporting date.

The safety line in one sentence: the Z-score is not available for this stock, so we say so rather than invent one.

15 · Related companies · IT - Software
CompanyScorePrice stageGrowth & earnings/35Capital efficiency/25Valuation/20Relative strength/20
1Coforge LtdCOFORGE 76.3/100Favorable setup100% evidence LEADER 30.0/35 Revenue 35.7% · PAT 66.5% · OPM change 3 pp 100% evidence 15.6/25 ROCE 23.5% · OPM 19% 100% evidence 12.3/20 P/E 42.7× · PEG 0.57 100% evidence 18.4/20 RS sector 13.3% · RS bench 20.1% · 1Y 11.3%12 of 12 weeks ahead 100% evidence
Exact sum: 30 + 15.6 + 12.3 + 18.4 = 76.3 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
2Silver Touch Technologies LtdSILVERTUC 70.0/100Favorable setup93% evidence FADING 30.2/35 Revenue 21.1% · PAT 86.4% · OPM change 8 pp 100% evidence 17.4/25 ROCE 29.8% · OPM 22% 100% evidence 10.3/20 P/E 46.4× · PEG 1.11 65% evidence 12.1/20 RS sector 6.1% · RS bench 14.1% · 1Y 120.3%9 of 12 weeks ahead 100% evidence
Exact sum: 30.2 + 17.4 + 10.3 + 12.1 = 70 · Decision use: Confirmed research leader: earnings, capital efficiency and relative strength agree. Move to management, catalyst and risk diligence.
3Sahana Systems LtdSAHANA 68.7/100Favorable setup70% evidence TURNING 21.5/35 Revenue 100% · PAT 100% · OPM change -3 pp 48% evidence 19.9/25 ROCE 39.8% · OPM 29% 95% evidence 13.4/20 P/E 14.1× · PEG — 50% evidence 13.9/20 RS sector -5.2% · RS bench 15.9% · 1Y -24.3%3 of 12 weeks ahead 100% evidence
Exact sum: 21.5 + 19.9 + 13.4 + 13.9 = 68.7 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
4ASM Technologies Ltd526433 68.2/100Favorable setup69% evidence BREAKING OUT 27.9/35 Revenue 67.8% · PAT 89.5% · OPM change 2 pp 95% evidence 16.1/25 ROCE 27% · OPM 23% 76% evidence 8.6/20 P/E 138× · PEG — 15% evidence 15.6/20 RS sector 5.7% · RS bench 97.1% · 1Y 94%10 of 10 weeks ahead 70% evidence
Exact sum: 27.9 + 16.1 + 8.6 + 15.6 = 68.2 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
5NINtec Systems LtdNINSYS 65.0/100Favorable setup80% evidence FADING 20.0/35 Revenue 21.6% · PAT 18.8% · OPM change 4.2 pp 95% evidence 21.9/25 ROCE 54% · OPM 25.9% 95% evidence 9.3/20 P/E 39.3× · PEG — 15% evidence 13.8/20 RS sector 29.6% · RS bench 37.6% · 1Y 57.1%9 of 12 weeks ahead 100% evidence
Exact sum: 20 + 21.9 + 9.3 + 13.8 = 65 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
6String Metaverse Ltd534535 63.4/100Mixed-positive evidence82% evidence BASING 27.2/35 Revenue 100% · PAT 100% · OPM change 0 pp 95% evidence 15.7/25 ROCE 41.6% · OPM 11% 76% evidence 14.8/20 P/E 8.2× · PEG — 50% evidence 5.7/20 RS sector -48% · RS bench -35.6% · 1Y -70.4%1 of 12 weeks ahead 100% evidence
Exact sum: 27.2 + 15.7 + 14.8 + 5.7 = 63.4 · Decision use: Acceleration candidate, not a confirmed leader: earnings are strong but sector-relative strength is -48% and the one-year return is -70.4%. Do not upgrade until sector-relative strength is above zero and another reported period confirms growth.
7Cigniti Technologies LtdCIGNITITEC 63.3/100Mixed-positive evidence73% evidence 23.4/35 Revenue 14% · PAT 96.1% · OPM change 2 pp 56% evidence 16.2/25 ROCE 34.1% · OPM 18% 75% evidence 16.2/20 P/E 11.4× · PEG 0.61 100% evidence 7.5/20 RS sector -10.2% · RS bench -15% · 1Y -19.7%0 of 12 weeks ahead to 2026-05-17 70% evidence
Exact sum: 23.4 + 16.2 + 16.2 + 7.5 = 63.3 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
8Tech Mahindra LtdTECHM 63.2/100Mixed-positive evidence94% evidence BREAKING OUT 21.1/35 Revenue 10.9% · PAT 14.3% · OPM change 3 pp 100% evidence 16.3/25 ROCE 23.1% · OPM 17% 100% evidence 10.6/20 P/E 28.4× · PEG 0.76 100% evidence 15.2/20 RS sector 14.8% · RS bench 4% · 1Y 4.3%8 of 11 weeks ahead 70% evidence
Exact sum: 21.1 + 16.3 + 10.6 + 15.2 = 63.2 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
9TAC Infosec LtdTAC 63.0/100Mixed-positive evidence66% evidence TURNING 25.6/35 Revenue 76.4% · PAT 59.4% · OPM change 1.6 pp 71% evidence 20.9/25 ROCE 38.1% · OPM 48.2% 95% evidence 9.5/20 P/E 35.7× · PEG — 15% evidence 7.0/20 RS sector -13.2% · RS bench -15.4% · 1Y -14.4%4 of 10 weeks ahead 70% evidence
Exact sum: 25.6 + 20.9 + 9.5 + 7 = 63 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
10Sasken Technologies LtdSASKEN 61.6/100Mixed-positive evidence100% evidence FADING 30.7/35 Revenue 67.8% · PAT 67.4% · OPM change 4 pp 100% evidence 8.1/25 ROCE 9.9% · OPM 9% 100% evidence 10.4/20 P/E 36.7× · PEG 0.68 100% evidence 12.4/20 RS sector 9.5% · RS bench 16.6% · 1Y 25%8 of 12 weeks ahead 100% evidence
Exact sum: 30.7 + 8.1 + 10.4 + 12.4 = 61.6 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
11Softtech Engineers LtdSOFTTECH 60.8/100Mixed-positive evidence80% evidence TURNING 25.2/35 Revenue 35.8% · PAT 100% · OPM change -0.1 pp 95% evidence 12.1/25 ROCE 6.2% · OPM 27.2% 95% evidence 8.7/20 P/E 124× · PEG — 15% evidence 14.8/20 RS sector 19.9% · RS bench 27.6% · 1Y 13.7%6 of 12 weeks ahead 100% evidence
Exact sum: 25.2 + 12.1 + 8.7 + 14.8 = 60.8 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
12Datamatics Global Services LtdDATAMATICS 60.7/100Mixed-positive evidence94% evidence ASLEEP 21.0/35 Revenue 13.1% · PAT 1.9% · OPM change 4 pp 100% evidence 15.9/25 ROCE 20.4% · OPM 20% 100% evidence 10.6/20 P/E 17.7× · PEG 0.69 100% evidence 13.2/20 RS sector 9.6% · RS bench -3.3% · 1Y -21.3%5 of 10 weeks ahead 70% evidence
Exact sum: 21 + 15.9 + 10.6 + 13.2 = 60.7 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
13IZMO LtdIZMO 60.6/100Mixed-positive evidence81% evidence FADING 24.1/35 Revenue 24.7% · PAT 10.2% · OPM change 8 pp 95% evidence 14.2/25 ROCE 12.6% · OPM 25% 95% evidence 6.6/20 P/E 25.3× · PEG — 50% evidence 15.7/20 RS sector 29% · RS bench 7.6% · 1Y 20.9%8 of 10 weeks ahead 70% evidence
Exact sum: 24.1 + 14.2 + 6.6 + 15.7 = 60.6 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
14Danlaw Technologies India Ltd532329 59.9/100Mixed-positive evidence67% evidence TURNING 21.8/35 Revenue 24.1% · PAT 34.5% · OPM change 0.8 pp 95% evidence 15.5/25 ROCE 27.6% · OPM 13.4% 76% evidence 10.2/20 P/E 32× · PEG — 50% evidence 12.4/20 RS sector — · RS bench 93% · 1Y —4 of 4 weeks ahead 25% evidence
Exact sum: 21.8 + 15.5 + 10.2 + 12.4 = 59.9 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
15Expleo Solutions LtdEXPLEOSOL 59.6/100Mixed-positive evidence81% evidence TURNING 20.9/35 Revenue 10.4% · PAT 39.4% · OPM change 4 pp 95% evidence 15.8/25 ROCE 24.2% · OPM 15% 95% evidence 13.7/20 P/E 9.4× · PEG — 50% evidence 9.2/20 RS sector -13.3% · RS bench 1.4% · 1Y -12.8%2 of 10 weeks ahead 70% evidence
Exact sum: 20.9 + 15.8 + 13.7 + 9.2 = 59.6 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
16Hypersoft Technologies Ltd539724 59.6/100Mixed-positive evidence67% evidence FADING 25.5/35 Revenue 100% · PAT 100% · OPM change 2.9 pp 71% evidence 11.9/25 ROCE 20.6% · OPM 14% 76% evidence 8.6/20 P/E 386× · PEG — 15% evidence 13.6/20 RS sector 40.8% · RS bench 50.5% · 1Y 116.6%10 of 12 weeks ahead 100% evidence
Exact sum: 25.5 + 11.9 + 8.6 + 13.6 = 59.6 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
17InfoBeans Technologies LtdINFOBEAN 58.9/100Mixed-positive evidence87% evidence ASLEEP 26.5/35 Revenue 35.5% · PAT 60.4% · OPM change 0 pp 95% evidence 16.9/25 ROCE 29.2% · OPM 21% 95% evidence 9.7/20 P/E 17.6× · PEG — 50% evidence 5.8/20 RS sector -12.9% · RS bench -6.5% · 1Y 10.4%3 of 12 weeks ahead 100% evidence
Exact sum: 26.5 + 16.9 + 9.7 + 5.8 = 58.9 · Decision use: Acceleration candidate, not a confirmed leader: earnings are strong but sector-relative strength is -12.9% and the one-year return is 10.4%. Do not upgrade until sector-relative strength is above zero and another reported period confirms growth.
18R Systems International LtdRSYSTEMS 57.5/100Mixed-positive evidence100% evidence BASING 18.9/35 Revenue 24.1% · PAT -1% · OPM change 3 pp 100% evidence 16.5/25 ROCE 19.5% · OPM 18% 100% evidence 17.7/20 P/E 13.5× · PEG 0.26 100% evidence 4.4/20 RS sector -28.2% · RS bench -23.7% · 1Y -46.9%0 of 12 weeks ahead 100% evidence
Exact sum: 18.9 + 16.5 + 17.7 + 4.4 = 57.5 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
19Ksolves India LtdKSOLVES 57.3/100Mixed-positive evidence87% evidence ASLEEP 17.8/35 Revenue 16% · PAT 16.7% · OPM change 3.9 pp 95% evidence 20.7/25 ROCE 131% · OPM 30.3% 95% evidence 13.8/20 P/E 16.5× · PEG — 50% evidence 5.0/20 RS sector -16.6% · RS bench -10.9% · 1Y -19.3%0 of 12 weeks ahead 100% evidence
Exact sum: 17.8 + 20.7 + 13.8 + 5 = 57.3 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
20BLS E-Services LtdBLSE 56.8/100Mixed-positive evidence75% evidence LEADER 18.1/35 Revenue 71.2% · PAT 9.4% · OPM change 0 pp 95% evidence 10.3/25 ROCE 16.4% · OPM 7% 76% evidence 9.0/20 P/E 48.9× · PEG — 15% evidence 19.4/20 RS sector 41.8% · RS bench 50.4% · 1Y 75.9%12 of 12 weeks ahead 100% evidence
Exact sum: 18.1 + 10.3 + 9 + 19.4 = 56.8 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
21Subex LtdSUBEXLTD 56.5/100Mixed-positive evidence65% evidence BREAKING OUT 24.4/35 Revenue 2.8% · PAT 100% · OPM change 13 pp 95% evidence 10.3/25 ROCE 12.8% · OPM 19% 95% evidence 9.4/20 P/E 36.2× · PEG — 15% evidence 12.4/20 RS sector — · RS bench 80.4% · 1Y —9 of 9 weeks ahead 25% evidence
Exact sum: 24.4 + 10.3 + 9.4 + 12.4 = 56.5 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
22Saksoft LtdSAKSOFT 55.7/100Mixed-positive evidence100% evidence BREAKING OUT 17.9/35 Revenue 8.2% · PAT 13% · OPM change 0 pp 100% evidence 15.6/25 ROCE 25.5% · OPM 18% 100% evidence 13.5/20 P/E 14.5× · PEG 0.6 100% evidence 8.7/20 RS sector -16% · RS bench -10.8% · 1Y -30.5%12 of 12 weeks ahead 100% evidence
Exact sum: 17.9 + 15.6 + 13.5 + 8.7 = 55.7 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
23Infosys LtdINFY 55.1/100Mixed-positive evidence82% evidence ASLEEP 18.1/35 Revenue 11.2% · PAT 11.1% · OPM change 0 pp 95% evidence 20.1/25 ROCE 40% · OPM 24% 76% evidence 14.0/20 P/E 13.5× · PEG — 50% evidence 2.9/20 RS sector -26.2% · RS bench -21.2% · 1Y -28.2%0 of 12 weeks ahead 100% evidence
Exact sum: 18.1 + 20.1 + 14 + 2.9 = 55.1 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
24LTM LtdLTM 54.4/100Mixed-positive evidence100% evidence BREAKING OUT 17.1/35 Revenue 13.9% · PAT 10% · OPM change 1 pp 100% evidence 17.9/25 ROCE 29.6% · OPM 18% 100% evidence 10.7/20 P/E 22.6× · PEG 1.18 100% evidence 8.7/20 RS sector -17.1% · RS bench -11.7% · 1Y -17.7%5 of 12 weeks ahead 100% evidence
Exact sum: 17.1 + 17.9 + 10.7 + 8.7 = 54.4 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
25AvenuesAI LtdCCAVENUE 53.6/100Mixed-positive evidence93% evidence BREAKING OUT 20.9/35 Revenue 100% · PAT 43.8% · OPM change -2.3 pp 100% evidence 5.0/25 ROCE 7.7% · OPM 3.7% 100% evidence 14.8/20 P/E 19.2× · PEG 0.37 65% evidence 12.9/20 RS sector -4.7% · RS bench 1.7% · 1Y 0.7%12 of 12 weeks ahead 100% evidence
Exact sum: 20.9 + 5 + 14.8 + 12.9 = 53.6 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
26Xchanging Solutions LtdXCHANGING 53.6/100Mixed-positive evidence81% evidence TURNING 18.6/35 Revenue 8.4% · PAT 13.2% · OPM change 1 pp 95% evidence 15.5/25 ROCE 18% · OPM 34% 95% evidence 13.6/20 P/E 11.4× · PEG — 50% evidence 5.9/20 RS sector -24.4% · RS bench -11.2% · 1Y -30.2%1 of 10 weeks ahead 70% evidence
Exact sum: 18.6 + 15.5 + 13.6 + 5.9 = 53.6 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
27Blue Cloud Softech Solutions LtdBLUECLOUDS 53.0/100Mixed-positive evidence74% evidence 22.0/35 Revenue 41.1% · PAT 36.2% · OPM change 10 pp 95% evidence 12.4/25 ROCE 14.2% · OPM 20% 95% evidence 9.6/20 P/E 27.6× · PEG — 15% evidence 9.0/20 RS sector -3.8% · RS bench -8.7% · 1Y -33.2%1 of 12 weeks ahead 70% evidence
Exact sum: 22 + 12.4 + 9.6 + 9 = 53 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
28TechNVision Ventures LtdTECHNVISN 52.9/100Mixed-positive evidence74% evidence ASLEEP 25.9/35 Revenue 23.4% · PAT 100% · OPM change 2.9 pp 95% evidence 5.5/25 ROCE 12.9% · OPM 5.2% 95% evidence 8.5/20 P/E 1002× · PEG — 15% evidence 13.0/20 RS sector 32.1% · RS bench -14% · 1Y -20.6%0 of 9 weeks ahead 70% evidence
Exact sum: 25.9 + 5.5 + 8.5 + 13 = 52.9 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
29Seshaasai Technologies LtdSTYL 52.3/100Mixed-positive evidence73% evidence BREAKING OUT 12.6/35 Revenue 6.7% · PAT 20.6% · OPM change 0 pp 100% evidence 17.1/25 ROCE 27.7% · OPM 23% 100% evidence 12.6/20 P/E 23.7× · PEG 0.81 65% evidence 10.0/20 RS sector — · RS bench — · 1Y -9.1%10 of 10 weeks ahead 0% evidence
Exact sum: 12.6 + 17.1 + 12.6 + 10 = 52.3 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
30Tanla Platforms LtdTANLA 52.2/100Mixed-positive evidence94% evidence ASLEEP 14.4/35 Revenue 13.2% · PAT 9.9% · OPM change 0 pp 100% evidence 16.5/25 ROCE 26.3% · OPM 16% 100% evidence 13.1/20 P/E 12.5× · PEG 1.21 100% evidence 8.2/20 RS sector -12% · RS bench -5.7% · 1Y -23.7%6 of 10 weeks ahead 70% evidence
Exact sum: 14.4 + 16.5 + 13.1 + 8.2 = 52.2 · Decision use: Cheap but unconfirmed: require improving earnings before treating the valuation as an opportunity.
31Tata Consultancy Services LtdTCS 50.6/100Mixed-positive evidence100% evidence TURNING 10.0/35 Revenue 7.7% · PAT 1.1% · OPM change -1 pp 100% evidence 22.5/25 ROCE 63% · OPM 26% 100% evidence 11.9/20 P/E 14.8× · PEG 1.85 100% evidence 6.2/20 RS sector -21.5% · RS bench -16.2% · 1Y -27.8%0 of 12 weeks ahead 100% evidence
Exact sum: 10 + 22.5 + 11.9 + 6.2 = 50.6 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
32Capillary Technologies India LtdCAPILLARY 50.4/100Mixed-positive evidence63% evidence ASLEEP 27.4/35 Revenue 27.8% · PAT 135.8% · OPM change 5.8 pp 100% evidence 4.1/25 ROCE 3.4% · OPM 15.7% 100% evidence 8.9/20 P/E 71.8× · PEG — 15% evidence 10.0/20 RS sector — · RS bench — · 1Y —0 of 10 weeks ahead 0% evidence
Exact sum: 27.4 + 4.1 + 8.9 + 10 = 50.4 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
33RNIT AI Solutions LtdAUTOPALIND 50.4/100Thin evidence · provisional55% evidence BREAKING OUT 16.9/35 Revenue 56.7% · PAT 71.3% · OPM change -0.6 pp 95% evidence 14.6/25 ROCE 20.2% · OPM 35.3% 76% evidence 8.9/20 P/E 68× · PEG — 15% evidence 10.0/20 RS sector — · RS bench — · 1Y —5 of 12 weeks ahead 0% evidence
Exact sum: 16.9 + 14.6 + 8.9 + 10 = 50.4 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
34Birlasoft LtdBSOFT 50.3/100Mixed-positive evidence100% evidence ASLEEP 19.7/35 Revenue 1.4% · PAT 21.1% · OPM change 4 pp 100% evidence 13.0/25 ROCE 21.2% · OPM 16% 100% evidence 14.6/20 P/E 13.2× · PEG 0.62 100% evidence 3.0/20 RS sector -26% · RS bench -20.6% · 1Y -25%0 of 12 weeks ahead 100% evidence
Exact sum: 19.7 + 13 + 14.6 + 3 = 50.3 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
35Mphasis LtdMPHASIS 49.0/100Mixed-negative evidence94% evidence FADING 15.0/35 Revenue 13.7% · PAT 9.9% · OPM change -1 pp 100% evidence 17.3/25 ROCE 22.1% · OPM 18% 100% evidence 6.0/20 P/E 22.6× · PEG 2.19 100% evidence 10.7/20 RS sector 0% · RS bench -7% · 1Y -18%3 of 10 weeks ahead 70% evidence
Exact sum: 15 + 17.3 + 6 + 10.7 = 49 · Decision use: Strong business, demanding price: keep it on the quality list, but require either earnings upgrades or valuation compression.
36Hexaware Technologies LtdHEXT 48.9/100Mixed-negative evidence94% evidence FADING 14.2/35 Revenue 13% · PAT 1.2% · OPM change 4 pp 100% evidence 17.8/25 ROCE 30.1% · OPM 16% 100% evidence 10.7/20 P/E 21.4× · PEG 0.81 100% evidence 6.2/20 RS sector -21.4% · RS bench -14.7% · 1Y -31.1%6 of 10 weeks ahead 70% evidence
Exact sum: 14.2 + 17.8 + 10.7 + 6.2 = 48.9 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
37HCL Technologies LtdHCLTECH 48.2/100Mixed-negative evidence82% evidence BREAKING OUT 12.2/35 Revenue 12.6% · PAT 2.6% · OPM change 0 pp 95% evidence 19.0/25 ROCE 30.4% · OPM 20% 76% evidence 9.0/20 P/E 18× · PEG — 50% evidence 8.0/20 RS sector -18.3% · RS bench -12.7% · 1Y -15%7 of 12 weeks ahead 100% evidence
Exact sum: 12.2 + 19 + 9 + 8 = 48.2 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
38Mastek LtdMASTEK 47.9/100Mixed-negative evidence82% evidence FADING 13.8/35 Revenue 6% · PAT 5% · OPM change 0 pp 95% evidence 13.3/25 ROCE 17.7% · OPM 15% 76% evidence 12.6/20 P/E 11.5× · PEG — 50% evidence 8.2/20 RS sector -16.4% · RS bench -11.1% · 1Y -33.2%4 of 12 weeks ahead 100% evidence
Exact sum: 13.8 + 13.3 + 12.6 + 8.2 = 47.9 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
39Dynacons Systems & Solutions Ltdthis pageDSSL 47.2/100Mixed-negative evidence87% evidence ASLEEP 16.8/35 Revenue 10.5% · PAT 16.2% · OPM change 3 pp 95% evidence 15.4/25 ROCE 29.8% · OPM 13% 95% evidence 8.1/20 P/E 15.9× · PEG — 50% evidence 6.9/20 RS sector -7% · RS bench -0.5% · 1Y 9%6 of 12 weeks ahead 100% evidence
Exact sum: 16.8 + 15.4 + 8.1 + 6.9 = 47.2 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
40Zensar Technologies LtdZENSARTECH 46.6/100Mixed-negative evidence100% evidence ASLEEP 15.6/35 Revenue 8% · PAT 15.3% · OPM change 0 pp 100% evidence 13.6/25 ROCE 22.8% · OPM 15% 100% evidence 14.3/20 P/E 12.2× · PEG 1.11 100% evidence 3.1/20 RS sector -33% · RS bench -28.6% · 1Y -45.2%0 of 12 weeks ahead 100% evidence
Exact sum: 15.6 + 13.6 + 14.3 + 3.1 = 46.6 · Decision use: Cheap but unconfirmed: require improving earnings before treating the valuation as an opportunity.
41Unicommerce eSolutions LtdUNIECOM 46.6/100Mixed-negative evidence74% evidence ASLEEP 14.4/35 Revenue 38.4% · PAT 18.1% · OPM change -8.1 pp 95% evidence 16.5/25 ROCE 21.1% · OPM 10.6% 95% evidence 9.1/20 P/E 44.1× · PEG — 15% evidence 6.6/20 RS sector -14.5% · RS bench -19.2% · 1Y -44.1%0 of 10 weeks ahead 70% evidence
Exact sum: 14.4 + 16.5 + 9.1 + 6.6 = 46.6 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
42XT Global Infotech LtdXTGLOBAL 46.5/100Mixed-negative evidence61% evidence 18.4/35 Revenue 85.4% · PAT 29.4% · OPM change -6.6 pp 53% evidence 9.4/25 ROCE 7.5% · OPM 9.5% 71% evidence 9.1/20 P/E 40.8× · PEG — 50% evidence 9.6/20 RS sector -1% · RS bench -12.7% · 1Y -21.9%2 of 12 weeks ahead to 2026-03-29 70% evidence
Exact sum: 18.4 + 9.4 + 9.1 + 9.6 = 46.5 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
43Wipro LtdWIPRO 45.0/100Mixed-negative evidence100% evidence BASING 12.9/35 Revenue 6.4% · PAT -1.7% · OPM change 0 pp 100% evidence 15.3/25 ROCE 17.8% · OPM 19% 100% evidence 13.5/20 P/E 12.5× · PEG 1.4 100% evidence 3.3/20 RS sector -25.8% · RS bench -20.8% · 1Y -31.3%0 of 12 weeks ahead 100% evidence
Exact sum: 12.9 + 15.3 + 13.5 + 3.3 = 45 · Decision use: Cheap but unconfirmed: require improving earnings before treating the valuation as an opportunity.
44Excelsoft Technologies LtdEXCELSOFT 44.3/100Mixed-negative evidence60% evidence TURNING 12.0/35 Revenue 26.8% · PAT 4.2% · OPM change -1.8 pp 95% evidence 12.2/25 ROCE 13.6% · OPM 16.3% 95% evidence 10.1/20 P/E 18.7× · PEG — 15% evidence 10.0/20 RS sector — · RS bench — · 1Y —0 of 10 weeks ahead 0% evidence
Exact sum: 12 + 12.2 + 10.1 + 10 = 44.3 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
45Sonata Software LtdSONATSOFTW 43.1/100Mixed-negative evidence100% evidence BREAKING OUT 9.0/35 Revenue 4% · PAT 7.9% · OPM change 0 pp 100% evidence 13.6/25 ROCE 30.7% · OPM 5% 100% evidence 13.1/20 P/E 14.7× · PEG 0.81 100% evidence 7.4/20 RS sector -17.3% · RS bench -12.1% · 1Y -25.9%11 of 12 weeks ahead 100% evidence
Exact sum: 9 + 13.6 + 13.1 + 7.4 = 43.1 · Decision use: Cheap but unconfirmed: require improving earnings before treating the valuation as an opportunity.
4663 Moons Technologies Ltd63MOONS 43.1/100Thin evidence · provisional58% evidence BREAKING OUT 20.6/35 Revenue 100% · PAT -80% · OPM change 128 pp 71% evidence 3.4/25 ROCE -3.7% · OPM -52% 76% evidence 10.0/20 P/E — · PEG — 0% evidence 9.1/20 RS sector -22.4% · RS bench 28.9% · 1Y -1.6%10 of 11 weeks ahead 70% evidence
Exact sum: 20.6 + 3.4 + 10 + 9.1 = 43.1 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
47Magellanic Cloud LtdMCLOUD 38.9/100Mixed-negative evidence81% evidence TURNING 9.6/35 Revenue 13.7% · PAT 6.7% · OPM change -7 pp 95% evidence 13.9/25 ROCE 19.8% · OPM 28% 95% evidence 11.9/20 P/E 13.6× · PEG — 50% evidence 3.5/20 RS sector -54.4% · RS bench -23.4% · 1Y -68%6 of 11 weeks ahead 70% evidence
Exact sum: 9.6 + 13.9 + 11.9 + 3.5 = 38.9 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
48Innovana Thinklabs LtdINNOVANA 38.7/100Mixed-negative evidence81% evidence TURNING 8.7/35 Revenue 26% · PAT -39% · OPM change -32.5 pp 95% evidence 11.3/25 ROCE 15.8% · OPM 17.6% 95% evidence 9.0/20 P/E 21.9× · PEG — 50% evidence 9.7/20 RS sector -0.4% · RS bench -15.1% · 1Y -40.3%0 of 10 weeks ahead 70% evidence
Exact sum: 8.7 + 11.3 + 9 + 9.7 = 38.7 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
49Kellton Tech Solutions LtdKELLTONTEC 36.2/100Mixed-negative evidence87% evidence BASING 10.0/35 Revenue 9.5% · PAT 9.6% · OPM change -1 pp 95% evidence 9.7/25 ROCE 15% · OPM 11% 95% evidence 11.9/20 P/E 8× · PEG — 50% evidence 4.6/20 RS sector -24.3% · RS bench -19.4% · 1Y -45.5%0 of 12 weeks ahead 100% evidence
Exact sum: 10 + 9.7 + 11.9 + 4.6 = 36.2 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
50Aurionpro Solutions LtdAURIONPRO 36.1/100Mixed-negative evidence93% evidence ASLEEP 12.9/35 Revenue 14.8% · PAT 5.1% · OPM change -3 pp 100% evidence 10.7/25 ROCE 16.3% · OPM 17% 100% evidence 10.0/20 P/E 18× · PEG 1.39 65% evidence 2.5/20 RS sector -30.2% · RS bench -25.6% · 1Y -47.2%2 of 12 weeks ahead 100% evidence
Exact sum: 12.9 + 10.7 + 10 + 2.5 = 36.1 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
51Allied Digital Services LtdADSL 35.5/100Mixed-negative evidence74% evidence BASING 14.2/35 Revenue 19.1% · PAT 5.6% · OPM change 0 pp 95% evidence 6.5/25 ROCE 7.4% · OPM 9% 95% evidence 10.7/20 P/E 14.6× · PEG — 15% evidence 4.1/20 RS sector -29.8% · RS bench -24.4% · 1Y -39.4%1 of 10 weeks ahead 70% evidence
Exact sum: 14.2 + 6.5 + 10.7 + 4.1 = 35.5 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
52Mindteck (India) LtdMINDTECK 32.3/100Adverse evidence87% evidence ASLEEP 7.9/35 Revenue -1.8% · PAT 0.3% · OPM change -1.7 pp 95% evidence 10.4/25 ROCE 15.1% · OPM 7.8% 95% evidence 11.8/20 P/E 15.3× · PEG — 50% evidence 2.2/20 RS sector -27.9% · RS bench -23.1% · 1Y -24.6%3 of 12 weeks ahead 100% evidence
Exact sum: 7.9 + 10.4 + 11.8 + 2.2 = 32.3 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
53Moschip Technologies LtdMOSCHIP 31.1/100Adverse evidence87% evidence TURNING 7.7/35 Revenue 8.4% · PAT -33.6% · OPM change -3.9 pp 100% evidence 7.0/25 ROCE 11% · OPM 8.2% 100% evidence 3.7/20 P/E 129× · PEG 5.04 65% evidence 12.7/20 RS sector 1.9% · RS bench 0.9% · 1Y -15.1%3 of 10 weeks ahead 70% evidence
Exact sum: 7.7 + 7 + 3.7 + 12.7 = 31.1 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
54Orient Technologies LtdORIENTTECH 30.7/100Thin evidence · provisional54% evidence BASING 15.1/35 Revenue — · PAT — · OPM change -0.5 pp 19% evidence 2.4/25 ROCE 8.4% · OPM 6.7% 95% evidence 9.0/20 P/E 45.6× · PEG — 15% evidence 4.2/20 RS sector -21.8% · RS bench -16.7% · 1Y -9.4%0 of 12 weeks ahead 100% evidence
Exact sum: 15.1 + 2.4 + 9 + 4.2 = 30.7 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
55Quick Heal Technologies LtdQUICKHEAL 20.4/100Adverse evidence69% evidence BASING 6.2/35 Revenue -6.6% · PAT -80% · OPM change -22.1 pp 71% evidence 1.8/25 ROCE -6% · OPM -39% 95% evidence 10.0/20 P/E — · PEG — 0% evidence 2.4/20 RS sector -32.9% · RS bench -29.1% · 1Y -50.2%2 of 12 weeks ahead 100% evidence
Exact sum: 6.2 + 1.8 + 10 + 2.4 = 20.4 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
56Covance Softsol Ltd544361 66.8/100Thin evidence · provisional49% evidence 25.8/35 Revenue 43.5% · PAT 100% · OPM change 19.7 pp 62% evidence 17.8/25 ROCE 31.4% · OPM 23.1% 76% evidence 11.1/20 P/E 12.9× · PEG — 15% evidence 12.1/20 RS sector — · RS bench 48.4% · 1Y — 25% evidence
Exact sum: 25.8 + 17.8 + 11.1 + 12.1 = 66.8 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
57Exato Technologies Ltd544626 57.8/100Thin evidence · provisional38% evidence TURNING 21.0/35 Revenue — · PAT — · OPM change 3.4 pp 45% evidence 17.5/25 ROCE 26.8% · OPM 18% 76% evidence 9.3/20 P/E 40× · PEG — 15% evidence 10.0/20 RS sector — · RS bench — · 1Y —4 of 4 weeks ahead 0% evidence
Exact sum: 21 + 17.5 + 9.3 + 10 = 57.8 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
58Unified Data- Tech Solutions LtdUNIFIED 56.1/100Thin evidence · provisional36% evidence 16.9/35 Revenue — · PAT — · OPM change 1 pp 26% evidence 18.8/25 ROCE 45.2% · OPM 15% 76% evidence 10.2/20 P/E 18.6× · PEG — 15% evidence 10.2/20 RS sector — · RS bench -1.2% · 1Y 15.3%0 of 12 weeks ahead 25% evidence
Exact sum: 16.9 + 18.8 + 10.2 + 10.2 = 56.1 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
59Kody Technolab LtdKODYTECH 54.2/100Thin evidence · provisional48% evidence BREAKING OUT 15.2/35 Revenue — · PAT — · OPM change -5 pp 19% evidence 14.4/25 ROCE 16.8% · OPM 29% 95% evidence 8.7/20 P/E 125× · PEG — 15% evidence 15.9/20 RS sector 10.3% · RS bench 61.9% · 1Y 107.4%10 of 10 weeks ahead 70% evidence
Exact sum: 15.2 + 14.4 + 8.7 + 15.9 = 54.2 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
60Metalic Technoforge LtdMETA 53.0/100Thin evidence · provisional27% evidence 16.2/35 Revenue — · PAT — · OPM change -2 pp 13% evidence 17.1/25 ROCE 36.1% · OPM 8% 76% evidence 9.7/20 P/E 25.3× · PEG — 15% evidence 10.0/20 RS sector — · RS bench — · 1Y -12.7%0 of 12 weeks ahead 0% evidence
Exact sum: 16.2 + 17.1 + 9.7 + 10 = 53 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
61Veefin Solutions LtdVEEFIN 47.3/100Thin evidence · provisional50% evidence 17.7/35 Revenue — · PAT — · OPM change -5.1 pp 19% evidence 10.6/25 ROCE 9.8% · OPM 19.7% 76% evidence 12.2/20 P/E 27.7× · PEG — 50% evidence 6.8/20 RS sector -7.2% · RS bench -24.9% · 1Y -40%0 of 12 weeks ahead 70% evidence
Exact sum: 17.7 + 10.6 + 12.2 + 6.8 = 47.3 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
62Trident Techlabs LtdTECHLABS 45.8/100Thin evidence · provisional40% evidence 16.0/35 Revenue — · PAT — · OPM change -2 pp 15% evidence 16.2/25 ROCE 26.7% · OPM 27% 71% evidence 10.5/20 P/E 14.9× · PEG — 15% evidence 3.1/20 RS sector -50.2% · RS bench -56.5% · 1Y -72.5%0 of 12 weeks ahead to 2026-03-29 70% evidence
Exact sum: 16 + 16.2 + 10.5 + 3.1 = 45.8 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
63ERP Soft Systems Ltd530909 44.2/100Thin evidence · provisional41% evidence 19.8/35 Revenue 19.1% · PAT 100% · OPM change -1.1 pp 53% evidence 8.0/25 ROCE 1.6% · OPM 1.7% 57% evidence 8.8/20 P/E 74.9× · PEG — 15% evidence 7.6/20 RS sector — · RS bench -47.6% · 1Y -59.7%0 of 12 weeks ahead to 2026-03-29 25% evidence
Exact sum: 19.8 + 8 + 8.8 + 7.6 = 44.2 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
64IDream Film Infrastructure Company Ltd504375 38.2/100Thin evidence · provisional35% evidence TURNING 12.8/35 Revenue — · PAT 100% · OPM change — 33% evidence 3.1/25 ROCE -9.2% · OPM -25.8% 76% evidence 10.0/20 P/E — · PEG — 0% evidence 12.3/20 RS sector — · RS bench 78% · 1Y —8 of 8 weeks ahead 25% evidence
Exact sum: 12.8 + 3.1 + 10 + 12.3 = 38.2 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.

Missing observations are not scored as bad. Their missing weight lowers confidence and pulls the final score toward neutral. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step curve the sector itself is placed on — basing, turning, breaking out, leader, fading, asleep — read from how many weeks running it has led NIFTY 500 and whether that lead is widening or shrinking. It describes where the PRICE stands, not the earnings trajectory and not a recommendation, and it is left blank for a company whose weekly history is too short or too stale to read.

16 · Frequently asked questions

Frequently asked questions

What is Dynacons Systems & Solutions Ltd's share price today?

Dynacons Systems & Solutions Ltd trades at ₹1,059, +9.7% over the past year. The company is valued at ₹1,349 Cr. The stock sits at 23% of its 52-week range of ₹856–₹1,748, −7.5% versus its 200-day average. On the tape, the price is in a confirmed uptrend, 18 weeks in. — as of 11 September 2026.

What were Dynacons Systems & Solutions Ltd's latest quarterly results?

Dynacons Systems & Solutions Ltd reported revenue of ₹314 Cr and net profit of ₹20.0 Cr for the Jun 26 quarter. Revenue fell 4.6% and profit rose 0.0% year on year. Earnings per share were ₹15.49. The operating margin was 13.0%, 3.0 pp higher than a year earlier. — as of 11 September 2026.

What is Dynacons Systems & Solutions Ltd's revenue?

Dynacons Systems & Solutions Ltd reported revenue of ₹314 Cr in the Jun 26 quarter, −4.6% year on year. For the full FY26 fiscal year, revenue was ₹1,424 Cr (+12.4%). Over the last 10 years revenue compounded at 27.6% a year. — as of 11 September 2026.

What is Dynacons Systems & Solutions Ltd's profit?

Dynacons Systems & Solutions Ltd earned ₹20.0 Cr of net profit in the Jun 26 quarter, +0.0% year on year. Full-year FY26 profit was ₹85.0 Cr. The operating margin ran 13.0% in the latest quarter. — as of 11 September 2026.

What is Dynacons Systems & Solutions Ltd's market cap?

Dynacons Systems & Solutions Ltd's market capitalisation is ₹1,349 Cr at a share price of ₹1,059. Market cap is the share price multiplied by shares outstanding, so it is restated whenever the price moves. — as of 11 September 2026.

What is Dynacons Systems & Solutions Ltd's P/E ratio?

Dynacons Systems & Solutions Ltd trades at a P/E of 15.9×, at the 55th percentile of its own 10-year range, against a long-run median of 15.3×. This is a comparison with the stock's own history, not a value call — as of 11 September 2026.

Does Dynacons Systems & Solutions Ltd pay a dividend?

Not in its latest year — Dynacons Systems & Solutions Ltd's dividend payout was 0% of profit in FY26. It did record a payout in 4 of its last 15 reported fiscal years, so there is a history but no current dividend. — as of 11 September 2026.

Is Dynacons Systems & Solutions Ltd overvalued?

On its own history, Dynacons Systems & Solutions Ltd looks mid-range: its P/E of 15.9× sits at the 55th percentile of its 10-year range (long-run median 15.3×). That is a percentile read against the stock's own past, not a price opinion or a direction call. One caveat: margins are the best this company has ever printed — cheap on record margins is not the same thing as cheap. — as of 11 September 2026.

Is Dynacons Systems & Solutions Ltd growing?

The picture is mixed for Dynacons Systems & Solutions Ltd: latest-quarter revenue −4.6% year on year, profit +0.0%, and the margin +3.0 pp at 13.0%. The 10-year compound rates are 27.6% (revenue) and 55.9% (profit). The earnings engine currently reads: mixed — as of 11 September 2026.

How is Dynacons Systems & Solutions Ltd performing?

Dynacons Systems & Solutions Ltd is in a confirmed uptrend, 18 weeks in. Its latest quarter's revenue fell 4.6% and profit rose 0.0% year on year. Against the NIFTY 500 it has been behind on a trailing-13-week view for 11 weeks. This describes what the data did, not a rating. — as of 11 September 2026.

What stage is Dynacons Systems & Solutions Ltd in?

Topping out — profit and EPS growth have decelerated hard (profit growth +34.9% at its peak → +16.2% latest) while ROCE still reads 30.0%. The read comes from the last 12 quarters of growth (revenue growth +10.5% latest, profit growth +16.2% latest, eps growth +13.8% latest) plus the ROCE curve, classified by deterministic rules — a trajectory read, not a buy or sell call — as of 11 September 2026.

Is Dynacons Systems & Solutions Ltd in an uptrend?

Yes — the price is in a confirmed uptrend (week 18 of stage 2), trading −7.5% versus its 200-day average and at 23% of its 52-week range. Price stages cycle base → advance → top → decline, and the stage names where this stock sits in that cycle — as of 11 September 2026.

Is Dynacons Systems & Solutions Ltd beating the market?

Not lately — on a trailing-13-week view Dynacons Systems & Solutions Ltd is currently behind the NIFTY 500 (11 weeks and counting; last ahead the week of 2026-07-01), the same metric the week-by-week ribbon on this page draws. Separately, on the cumulative view: over the last 10.4 years the stock moved +7,738% against the NIFTY 500's +259% — ahead of the index over the full window. — as of 11 September 2026.

Will Dynacons Systems & Solutions Ltd's share price go up?

This page publishes no price forecast for Dynacons Systems & Solutions Ltd. What it measures instead: the share price is ₹1,059, the price is in a confirmed uptrend 18 weeks in. Its P/E of 15.9× sits at the 55th percentile of its own 10-year range. — as of 11 September 2026.

Who owns Dynacons Systems & Solutions Ltd?

Promoters hold 60.9% of Dynacons Systems & Solutions Ltd, foreign institutions 1.1%, domestic institutions 0.3% and the public 37.7% (latest quarter). The biggest move on the register over the last two years: Foreign institutions added 1.1 points over 8 quarters. — as of 11 September 2026.

Does Dynacons Systems & Solutions Ltd have too much debt?

It is moderate — Dynacons Systems & Solutions Ltd's debt-to-equity is 0.75, and operating profit covers the interest bill 6×. FY26 borrowings were ₹237 Cr against equity of ₹315 Cr. Read the returns on this page with that leverage in mind — as of 11 September 2026.

What is Dynacons Systems & Solutions Ltd's capex?

Dynacons Systems & Solutions Ltd spent ₹173 Cr on capital expenditure over the last 3 fiscal years, a figure derived from the change in fixed assets plus depreciation. In FY26 alone that was ₹143 Cr, with ₹3.0 Cr in capital work-in-progress — capacity paid for but not yet earning. — as of 11 September 2026.

What is Dynacons Systems & Solutions Ltd's cash flow?

Dynacons Systems & Solutions Ltd generated ₹46.0 Cr of operating cash flow in FY26 and ₹−97.0 Cr of free cash flow after ₹143 Cr of capital spending. Reported profit that year was ₹85.0 Cr, so operating cash ran behind profit. Cash-flow resolution for India is annual. — as of 11 September 2026.

Is Dynacons Systems & Solutions Ltd's profit real cash?

Mostly — over the last 3 fiscal years, 67% of Dynacons Systems & Solutions Ltd's reported profit arrived as operating cash. In FY26, operating cash was ₹46.0 Cr against reported profit of ₹85.0 Cr. The cash then goes mostly into building capacity. Cash-flow resolution is annual — as of 11 September 2026.

Where is Dynacons Systems & Solutions Ltd in its business cycle?

Dynacons Systems & Solutions Ltd's FY26 operating margin was 10.0%, against a 15-year band of 3.0%–10.0%: the top of the band — a record year. Record profitability is late-cycle territory: every ratio flatters at the top, and the story leans on margins holding. The latest quarter ran 13.0%. Profitability versus a company's own long band is the cleanest cycle clock this page holds — as of 11 September 2026.

What growth does Dynacons Systems & Solutions Ltd's price assume?

At its price on 13 June 2026, Dynacons Systems & Solutions Ltd was priced for profit growth of about 11.0% a year. Profit itself has compounded 55.9% a year over the past 10 years. The figure reads the multiple backwards: the growth a buyer at that price was already paying for. — as of 11 September 2026.

What could break the Dynacons Systems & Solutions Ltd story?

Biggest watch item: margins are the best this company has ever printed — every ratio flatters at record profitability, so the whole story leans on margins holding. Mechanically, two Friday closes in a row below the 200-day average would end the price trend — that is the exit rule this page tracks — as of 11 September 2026.

Is Dynacons Systems & Solutions Ltd a stock worth studying right now?

This is not investment advice. The machine read: Dynacons Systems & Solutions Ltd is printing record margins on a fuller multiple. From here the earnings must do all the lifting. The sharpest open question: the next one or two quarters of delivery. Every number on this page is drawn deterministically from the raw series, with no forecasts and no price opinions — as of 11 September 2026.

Sector Alpha — machine-written from the numbers · Data as of 2026-09-11. Every chart on this page is drawn by deterministic code from the raw series — no forecasts, no price opinions, and nothing here is investment advice.

Not SEBI Registered !! Not Investment advice !!

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