Dynamatic Technologies Ltd (DYNAMATECH) — share price & stock analysis

Market cap

₹7,061 Cr

P/E

141×

ROE

6.6%

vs own 10-yr valuation

88th pctile

Book value / share

₹1,251

EPS (TTM)

₹78.9

10-yr median P/E

52.1×

Revenue (FY26)

₹1,621 Cr

Profit after tax (FY26)

₹32 Cr

Weinstein stage

Stage 2 (37 weeks)

Data as of

1 July 2026

2 of the 6 things we track are currently moving the right way — some things working, some not.

Where the levels actually stand: ROCE 10% — weak; debt moderate (0.8× equity); margins mid-band. Momentum says which way things are moving; these say where they are.

Read this number for what it is: it measures the DIRECTION of change, not the quality of the business. A mediocre business getting better scores high here; a great one having a soft quarter scores low. Profit, sales and margins count double.

The price has run ahead of the profits

Since Jun 2016, the stock is up 316% while earnings per share grew 44%. The difference is re-rating — investors paying more for the same rupee of profit.pricettm_eps

That works until it doesn’t: from here, earnings have to do the lifting, because the multiple has already done its part.

Today’s P/E of 141× means the market is paying up — this is the expensive end of its own 10-year history (88th percentile).pe_ratio

Price is the weekly close (₹). EPS is trailing-twelve-month profit per share, anchored on Screener's own snapshots (the window starts at the first stable snapshot — earlier IPO-era share-count revisions are excluded, since they are not earnings events); between snapshots it is filled from price ÷ P/E (an exact identity), and any fill straying more than 18% from the neighbouring snapshots is dropped rather than shown. The lower panel is the P/E — what the market pays per rupee of profit; the dotted line is its long-run median (52.1×).

The price is in a confirmed uptrend — 37 weeks and counting

Stock prices move through four repeating stages: basing (1), advancing (2), topping (3) and declining (4). This one is in Stage 2: advancing, 37 weeks in, confirmed.stage

The price sits above its rising 200-day average (₹9,520 today) — trends like this persist more often than they reverse, which is why the system rides them instead of guessing the top.dma_200

Beating NIFTY 500 for 43 weeks — relative strength is the market’s live opinion, and right now it is on this stock’s side.rs_mansfield

What would end it: two Friday closes in a row below the 200-day line. That is the house exit rule — mechanical, no debates.dma_200

Out of the loss years — profitable again, still below its best

Over 12 years, sales went from ₹1,584 Cr to ₹1,621 Cr (about 0% a year), and profit from ₹14.0 Cr to ₹32.0 Cr.revenuenet_profit

The books show real losses in FY21 (worst: ₹−22.0 Cr). Everything about today’s cheap-looking numbers must be read against that history — the recovery is what you are buying.net_profit

Sales grew 14% last quarter — the 5th straight quarter of growth

Mar 26 sales were ₹433 Cr, up 14% on the same quarter last year.revenue

That makes 5 quarters of growth in a row — this is a trend, not a blip.revenue

Margins are holding steady

Of every ₹100 of sales, the company keeps ₹11.2 as operating profit (a year ago it kept ₹10.0).opm_pct

The gross margin barely moved (52% → 49%), so the change came from running costs — the business is getting more efficient as it scales.gpm_pctopm_pct

Profit declined 19% — mostly from income from outside the core business

Mar 26 profit after tax was ₹13.0 Cr, down 19% year on year.net_profit

A caution: a meaningful slice of this jump came from income outside the core business — that is lower-quality profit and may not repeat.other_income

The profits are real — they turn into cash

Over the last 5 profitable years, the business reported ₹255 Cr of profit and collected ₹574 Cr of operating cash — about 225% conversion.operating_cash_flownet_profit

When cash tracks profit this closely, the earnings need no asterisk.

The cash cycle is stable

One rupee now takes about 142 days to go out the door as materials and come back as collected cash.cash_conversion_cycle

The biggest mover: suppliers being paid sooner (128 → 115 days).payable_days

Steady, unhurried investment

The productive asset base has gone from ₹687 Cr (FY14) to ₹880 Cr, with another ₹7.0 Cr of capacity under construction right now.fixed_assetscwip

The build is self-funded: the last 3 years' investing outflow (₹87.0 Cr) fits inside the operating cash the business generated (₹336 Cr).investing_cash_flowoperating_cash_flow

Debt is present but comfortable

For every ₹100 shareholders have put in (and left in), the company has borrowed ₹80.borrowings

Every ₹100 kept in the business earns just ₹10

Return on capital employed is 10.0% (a year ago: 9.0%). This is the single best test of business quality: what the company earns on the money it keeps.roce_pct

Institutions have been lightening up

Promoters hold 41.5%, essentially unchanged. Foreign funds own 10.1%, domestic funds 15.6%.promoters_pctfiis_pctdiis_pct

Institutions buying while the story develops is the market’s quiet vote of confidence — they meet management, you don’t.

Meanwhile foreign funds have been the sellers — from 16.6% to 10.1% over the window. Someone on the other side of the table disagrees; both sides count.fiis_pct

A turnaround that stuck — the question is what’s left to re-rate

The numbers are genuinely mixed, and the price already assumes the good news continues.

Best thing in the data: sales rising (₹381 Cr → ₹433 Cr).revenue

Biggest worry: free cash flow falling (₹77.0 Cr → ₹28.0 Cr).operating_cash_flow

Machine-written research from Screener data — every number traces to its source column. Sector Alpha is not a SEBI-registered investment adviser; nothing here is a recommendation to buy or sell. Not investment advice.

Straight answers from the data