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Last Updated: April 2, 2026, 4:30 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 524818 | NSE: DYNAMIND

Dynamic Industries Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹69.25Overvalued by 27.86%vs CMP ₹96.00

P/E (15.6) × ROE (3.4%) × BV (₹162.00) × DY (1.04%)

₹125.81Undervalued by 31.05%vs CMP ₹96.00
MoS: +23.7% (Adequate)Confidence: 48/100 (Moderate)Models: 5 Under, 3 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹73.2725%Over (-23.7%)
Graham NumberEarnings₹150.0918%Under (+56.3%)
DCFCash Flow₹35.0415%Over (-63.5%)
Net Asset ValueAssets₹161.658%Under (+68.4%)
EV/EBITDAEnterprise₹139.1510%Under (+44.9%)
Earnings YieldEarnings₹61.808%Over (-35.6%)
ROCE CapitalReturns₹362.3610%Under (+277.5%)
Revenue MultipleRevenue₹119.846%Under (+24.8%)
Consensus (8 models)₹125.81100%Undervalued
Key Drivers: ROE 3.4% is below cost of equity. | Wide model spread (₹35–₹362) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 5.8%

*Investments are subject to market risks

Investment Snapshot

55
Dynamic Industries Ltd scores 55/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health49/100 · Moderate
ROCE 5.7% WeakROE 3.4% WeakD/E 0.83 ModerateInterest Coverage 0.0x RiskyProfitable 4/5 years Consistent
Smart Money50/100 · Moderate
Promoter holding at 41.4% Stable
Earnings Quality50/100 · Moderate
OPM stable around 5% Steady
Quarterly Momentum80/100 · Strong
Revenue (4Q): +13% YoY GrowingProfit (4Q): +85% YoY Strong
Industry Rank45/100 · Moderate
P/E 15.6 vs industry 166.4 Cheaper than peersROCE 5.7% vs industry 10.9% Below peersROE 3.4% vs industry 9.0% Below peers3Y sales CAGR: 11% Moderate

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Dynamic Industries Ltd Investor Signals

Computed from valuation, cash flow, balance sheet, ownership and quarterly trend data already available in this stock page.

Value Trap Score
70/100
High
Derived from: Cheapness + weak quality + weak cash support
Current data: P/E 15.6 vs Ind 166.4 | ROCE 5.7% | ROE 3.4% | CFO/NP N/A
Balance Sheet Stress
10/100
Comfortable
Derived from: Leverage + debt servicing + liquidity + debt trend
Current data: D/E 0.83x | IntCov 0.0x | Current 1.21x | Borrow/Reserve 0.34x
Cash Flow Reliability
43/100
Mixed
Derived from: Cash backing of earnings + working capital pressure
Current data: CFO ₹0 Cr | NP ₹2 Cr | CFO/NP N/A
Ownership Accumulation
0
Neutral
Derived from: FII + DII + promoter direction, adjusted by crowding
Current data: FII N/A | DII N/A | Prom 0.00 pp
Business Momentum
-100
Early weakness
Derived from: Latest quarter sales + profit + OPM change
Current data: Q Sales -21.1% | Q NP -86.1% | Q OPM -0.6 pp
Derived FieldValueHow it is derived
Valuation Gap %+31.1%((Fair Value - CMP) / CMP) × 100
Borrowings / Reserves0.34xLatest borrowings divided by latest reserves
CFO / Net ProfitN/ALatest operating cash flow divided by latest net profit
FII ChangeN/ALatest FII% minus previous FII%
DII ChangeN/ALatest DII% minus previous DII%
Promoter Change0.00 ppLatest promoter% minus previous promoter%
Shareholder Count Change-27Latest shareholder count minus previous count
Quarterly Sales Change-21.1%Latest quarter sales vs previous quarter sales
Quarterly Profit Change-86.1%Latest quarter net profit vs previous quarter net profit
Quarterly OPM Change-0.6 ppLatest quarter OPM minus previous quarter OPM

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 4:30 am

Market Cap 29.1 Cr.
Current Price 96.0
Intrinsic Value₹125.81
High / Low 190/82.5
Stock P/E15.6
Book Value 162
Dividend Yield1.04 %
ROCE5.68 %
ROE3.39 %
Face Value 10.0
PEG Ratio2.69

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Dynamic Industries Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Dynamic Industries Ltd 29.1 Cr. 96.0 190/82.515.6 1621.04 %5.68 %3.39 % 10.0
Asahi Songwon Colors Ltd 237 Cr. 201 492/17915.2 2190.75 %9.17 %8.15 % 10.0
Poddar Pigments Ltd 221 Cr. 208 354/20114.6 3461.92 %8.60 %6.43 % 10.0
Dynemic Products Ltd 255 Cr. 205 416/19114.3 1880.00 %10.0 %7.04 % 10.0
Heubach Colorants India Ltd 951 Cr. 412 621/40013.8 2410.00 %15.2 %11.6 % 10.0
Industry Average1,057.00 Cr238.70166.44186.930.49%10.89%9.02%8.13

All Competitor Stocks of Dynamic Industries Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 11.447.997.378.988.8510.9418.0621.1714.4418.9822.2817.8814.10
Expenses 11.087.817.368.878.6710.4816.6119.8113.5217.5120.3516.6713.23
Operating Profit 0.360.180.010.110.180.461.451.360.921.471.931.210.87
OPM % 3.15%2.25%0.14%1.22%2.03%4.20%8.03%6.42%6.37%7.74%8.66%6.77%6.17%
Other Income 0.29-0.100.070.070.030.150.040.160.100.110.020.220.03
Interest 0.050.030.050.060.050.160.350.400.400.390.340.370.29
Depreciation 0.220.220.270.290.280.330.490.510.520.510.520.530.53
Profit before tax 0.38-0.17-0.24-0.17-0.120.120.650.610.100.681.090.530.08
Tax % 36.84%23.53%-25.00%-11.76%-58.33%25.00%27.69%27.87%100.00%1.47%27.52%32.08%37.50%
Net Profit 0.24-0.21-0.18-0.15-0.060.090.470.45-0.000.670.790.360.05
EPS in Rs 0.79-0.69-0.59-0.50-0.200.301.551.49-0.002.212.611.190.17

Last Updated: March 3, 2026, 10:12 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 27, 2026, 4:30 am

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 101.9567.6435.9646.2758.4365.2956.2935.1953.7745.6436.1472.6573.24
Expenses 93.8460.8733.1042.5353.0258.7154.0133.9151.3844.1635.0467.4567.76
Operating Profit 8.116.772.863.745.416.582.281.282.391.481.105.205.48
OPM % 7.95%10.01%7.95%8.08%9.26%10.08%4.05%3.64%4.44%3.24%3.04%7.16%7.48%
Other Income 0.13-0.050.550.150.530.900.670.500.771.160.030.390.38
Interest 1.771.790.470.480.660.740.420.320.280.180.361.531.39
Depreciation 0.690.990.880.861.001.081.021.010.970.901.182.022.09
Profit before tax 5.783.942.062.554.285.661.510.451.911.56-0.412.042.38
Tax % 30.97%42.89%37.86%30.59%29.91%28.09%32.45%11.11%26.18%26.92%-26.83%22.55%
Net Profit 4.002.251.281.773.004.071.010.391.411.14-0.301.591.87
EPS in Rs 13.217.434.235.849.9113.443.331.294.663.76-0.995.256.18
Dividend Payout % 7.58%13.47%23.67%17.12%15.15%11.17%45.00%77.69%21.49%26.58%-50.50%19.06%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)-43.75%-43.11%38.28%69.49%35.67%-75.18%-61.39%261.54%-19.15%-126.32%630.00%
Change in YoY Net Profit Growth (%)0.00%0.64%81.39%31.21%-33.82%-110.85%13.80%322.92%-280.69%-107.17%756.32%

Dynamic Industries Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:1%
5 Years:5%
3 Years:11%
TTM:64%
Compounded Profit Growth
10 Years:-6%
5 Years:10%
3 Years:6%
TTM:446%
Stock Price CAGR
10 Years:15%
5 Years:22%
3 Years:11%
1 Year:21%
Return on Equity
10 Years:4%
5 Years:2%
3 Years:2%
Last Year:3%

Last Updated: September 5, 2025, 3:21 pm

Balance Sheet

Last Updated: March 3, 2026, 2:52 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 3.033.033.033.033.033.033.033.033.033.033.033.033.03
Reserves 31.2332.9533.8635.6238.2841.8042.2542.2243.4144.2443.6745.1245.97
Borrowings 15.506.622.444.5810.203.322.692.573.542.4415.0516.5215.58
Other Liabilities 36.947.398.677.8211.518.047.676.2112.318.2812.0116.9019.90
Total Liabilities 86.7049.9948.0051.0563.0256.1955.6454.0362.2957.9973.7681.5784.48
Fixed Assets 24.8923.7022.8822.1524.4023.4222.7221.8821.4026.1140.8142.2941.76
CWIP 0.03-0.00-0.000.31-0.00-0.00-0.000.050.812.150.320.281.10
Investments 0.050.050.050.651.211.103.324.653.142.732.501.160.85
Other Assets 61.7326.2425.0727.9437.4131.6729.6027.4536.9427.0030.1337.8440.77
Total Assets 86.7049.9948.0051.0563.0256.1955.6454.0362.2957.9973.7681.5784.48

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 2.3211.705.53-2.38-1.198.662.972.33-0.738.191.273.03
Cash from Investing Activity + -1.250.100.08-0.98-3.330.30-2.36-1.240.59-6.35-13.67-2.58
Cash from Financing Activity + -0.74-10.87-4.911.464.41-8.03-1.52-0.830.42-1.5811.56-0.22
Net Cash Flow 0.330.920.69-1.90-0.110.93-0.910.250.290.26-0.830.24
Free Cash Flow 0.9211.535.33-2.80-4.138.562.652.05-2.271.27-12.66-1.02
CFO/OP 43%203%214%-37%3%155%163%184%-6%585%121%63%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-7.390.150.42-0.84-4.793.26-0.41-1.29-1.15-0.96-13.95-11.32

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 115.8548.7892.67101.45112.8864.6381.12117.83100.2675.4293.7274.66
Inventory Days 104.9288.26137.69139.89131.45135.28116.10180.93142.50118.97212.68117.59
Days Payable 147.6934.3787.9768.9286.9151.3852.5261.1396.5274.34152.17104.45
Cash Conversion Cycle 73.09102.67142.39172.42157.41148.52144.70237.63146.24120.04154.2487.79
Working Capital Days 33.3064.86130.02124.64114.69119.41133.97199.46124.22122.04133.5274.91
ROCE %15.90%15.57%8.79%7.32%10.45%12.84%4.00%1.57%4.31%3.27%0.13%5.68%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 47.87%47.87%47.87%47.87%47.87%47.87%46.22%41.76%41.76%41.40%41.40%41.40%
Public 52.12%52.12%52.13%52.12%52.13%52.12%53.77%58.24%58.23%58.59%58.60%58.59%
No. of Shareholders 3,2013,1853,1063,1433,0493,0253,0112,9492,8902,9752,8892,862

Shareholding Pattern Chart

No. of Shareholders

Dynamic Industries Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

This stock is not held by any mutual fund.

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 18Mar 17Mar 16Mar 15Mar 14
FaceValue 10.0010.0010.0010.0010.00
Basic EPS (Rs.) 10.085.844.237.4313.19
Diluted EPS (Rs.) 10.085.844.237.4313.19
Cash EPS (Rs.) 13.388.697.1310.7115.45
Book Value[Excl.RevalReserv]/Share (Rs.) 136.57126.4768.1664.5658.34
Book Value[Incl.RevalReserv]/Share (Rs.) 136.57126.47121.81118.78113.12
Revenue From Operations / Share (Rs.) 193.27152.83120.41228.12345.32
PBDIT / Share (Rs.) 19.4112.5214.4625.8326.54
PBIT / Share (Rs.) 16.119.6811.5622.5524.27
PBT / Share (Rs.) 14.358.446.8012.9819.08
Net Profit / Share (Rs.) 10.075.844.237.4313.18
NP After MI And SOA / Share (Rs.) 10.075.844.237.4313.18
PBDIT Margin (%) 10.048.1912.0111.327.68
PBIT Margin (%) 8.336.339.609.887.02
PBT Margin (%) 7.425.525.645.695.52
Net Profit Margin (%) 5.213.823.513.253.81
NP After MI And SOA Margin (%) 5.213.823.513.253.81
Return on Networth / Equity (%) 7.374.626.2111.5022.59
Return on Capital Employeed (%) 10.977.479.1718.1620.41
Return On Assets (%) 4.833.462.674.504.60
Long Term Debt / Equity (X) 0.050.010.020.030.04
Total Debt / Equity (X) 0.230.110.100.320.83
Asset Turnover Ratio (%) 1.020.930.741.010.00
Current Ratio (X) 2.002.342.542.091.21
Quick Ratio (X) 1.191.301.521.080.74
Inventory Turnover Ratio (X) 3.162.902.042.350.00
Dividend Payout Ratio (NP) (%) 0.0017.1123.6213.467.58
Dividend Payout Ratio (CP) (%) 0.0011.5114.019.336.47
Earning Retention Ratio (%) 0.0082.8976.3886.5492.42
Cash Earning Retention Ratio (%) 0.0088.4985.9990.6793.53
Interest Coverage Ratio (X) 11.0510.1411.814.815.11
Interest Coverage Ratio (Post Tax) (X) 6.735.737.343.173.54
Enterprise Value (Cr.) 32.3922.518.9012.0119.61
EV / Net Operating Revenue (X) 0.550.480.240.170.18
EV / EBITDA (X) 5.515.942.031.532.44
MarketCap / Net Operating Revenue (X) 0.390.390.240.100.05
Retention Ratios (%) 0.0082.8876.3786.5392.41
Price / BV (X) 0.550.480.430.360.35
Price / Net Operating Revenue (X) 0.390.390.240.100.05
EarningsYield 0.130.090.140.310.63

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Dynamic Industries Ltd. is a Public Limited Listed company incorporated on 10/03/1989 and has its registered office in the State of Gujarat, India. Company's Corporate Identification Number(CIN) is L24110GJ1989PLC011989 and registration number is 011989. Currently Company is involved in the business activities of Manufacture of dyes and pigments from any source in basic form or as concentrate. Company's Total Operating Revenue is Rs. 72.65 Cr. and Equity Capital is Rs. 3.03 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Dyes & PigmentsPlot No.5501/2, Phase III, Nr.Trikampura Cross Road, Ahmedabad Gujarat 382445Contact not found
Management
NamePosition Held
Mr. Apurva Kamaleshbhai ModiChairman & Wholetime Director
Mr. Neeraj ShahManaging Director
Mr. Aditya Bharat ModiInd. Non-Executive Director
Mrs. Anokhi BalakiaInd. Non-Executive Woman Director

FAQ

What is the intrinsic value of Dynamic Industries Ltd and is it undervalued?

As of 04 April 2026, Dynamic Industries Ltd's intrinsic value is ₹125.81, which is 31.05% higher than the current market price of ₹96.00, suggesting the stock is undervalued. This is calculated using the PE ratio method factoring in ROE (3.39 %), book value (₹162), dividend yield (1.04 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Dynamic Industries Ltd?

Dynamic Industries Ltd is trading at ₹96.00 as of 04 April 2026, with a FY2026-2027 high of ₹190 and low of ₹82.5. The stock is currently near its 52-week low. Market cap stands at ₹29.1 Cr..

How does Dynamic Industries Ltd's P/E ratio compare to its industry?

Dynamic Industries Ltd has a P/E ratio of 15.6, which is below the industry average of 166.44. Trading at a steep discount to peers could signal a value opportunity or reflect concerns about the company's fundamentals.

Is Dynamic Industries Ltd financially healthy?

Key indicators for Dynamic Industries Ltd: ROCE of 5.68 % is on the lower side compared to the industry average of 10.89%; ROE of 3.39 % is below ideal levels (industry average: 9.02%). Dividend yield is 1.04 %.

Is Dynamic Industries Ltd profitable and how is the profit trend?

Dynamic Industries Ltd reported a net profit of ₹2 Cr in Mar 2025 on revenue of ₹73 Cr. Compared to ₹1 Cr in Mar 2022, the net profit shows an improving trend.

Does Dynamic Industries Ltd pay dividends?

Dynamic Industries Ltd has a dividend yield of 1.04 % at the current price of ₹96.00. The company pays dividends, though the yield is modest.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Dynamic Industries Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
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