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Last Updated: April 2, 2026, 2:51 am
Author: Getaka|Social: XLinkedIn

Dynemic Products Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹154.44Overvalued by 24.66%vs CMP ₹205.00

P/E (14.3) × ROE (7.0%) × BV (₹188.00) × DY (2.00%)

₹224.76Fairly Valued by 9.64%vs CMP ₹205.00
MoS: +8.8% (Thin)Confidence: 43/100 (Low)Models: 4 Under, 1 Fair, 3 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹159.9425%Over (-22%)
Graham NumberEarnings₹246.1218%Under (+20.1%)
DCFCash Flow₹121.2115%Over (-40.9%)
Net Asset ValueAssets₹187.318%Fair (-8.6%)
EV/EBITDAEnterprise₹451.0010%Under (+120%)
Earnings YieldEarnings₹143.208%Over (-30.1%)
ROCE CapitalReturns₹330.0410%Under (+61%)
Revenue MultipleRevenue₹295.846%Under (+44.3%)
Consensus (8 models)₹224.76100%Fairly Valued

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 3.6%

*Investments are subject to market risks

Investment Snapshot

62
Dynemic Products Ltd scores 62/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health57/100 · Moderate
ROCE 10.0% AverageROE 7.0% AverageD/E 0.88 ModerateInterest Coverage 0.0x RiskyProfitable 4/5 years Consistent
Smart Money65/100 · Strong
FII holding stable No changeDII holding up 0.52% MF buyingPromoter holding at 29.4% Stable
Earnings Quality50/100 · Moderate
OPM stable around 12% Steady
Quarterly Momentum80/100 · Strong
Revenue (4Q): +14% YoY GrowingProfit (4Q): +47% YoY Strong
Industry Rank65/100 · Strong
P/E 14.3 vs industry 166.4 Cheaper than peersROCE 10.0% vs industry 10.9% Average3Y sales CAGR: 13% 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.

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 2:51 am

Market Cap 255 Cr.
Current Price 205
Intrinsic Value₹224.76
High / Low 416/191
Stock P/E14.3
Book Value 188
Dividend Yield0.00 %
ROCE10.0 %
ROE7.04 %
Face Value 10.0
PEG Ratio4.01

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

View Share Price Target for Dynemic Products Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Dynemic Products Ltd 255 Cr. 205 416/19114.3 1880.00 %10.0 %7.04 % 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
Mahickra Chemicals Ltd 175 Cr. 215 224/10383.2 45.10.09 %9.86 %7.33 % 10.0
Hindprakash Industries Ltd 134 Cr. 117 176/10787.1 43.90.00 %6.96 %3.32 % 10.0
Industry Average1,057.00 Cr238.70166.44186.930.49%10.89%9.02%8.13

All Competitor Stocks of Dynemic Products Ltd

Quarterly Result

MetricSep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
Sales 84.4173.8472.4368.1665.3971.5578.9580.0597.8595.5494.0994.4389.31
Expenses 74.7565.6161.8358.7561.1063.6668.5470.0485.3582.6481.6481.6677.02
Operating Profit 9.668.2310.609.414.297.8910.4110.0112.5012.9012.4512.7712.29
OPM % 11.44%11.15%14.63%13.81%6.56%11.03%13.19%12.50%12.77%13.50%13.23%13.52%13.76%
Other Income 0.050.060.240.050.060.070.510.050.060.050.270.040.03
Interest 4.523.713.592.563.932.763.642.263.232.932.972.252.34
Depreciation 4.224.234.144.194.224.184.104.094.134.154.074.134.17
Profit before tax 0.970.353.112.71-3.801.023.183.715.205.875.686.435.81
Tax % 1.03%5.71%-27.01%29.15%-5.53%-20.59%-27.67%25.34%25.19%25.21%30.63%25.19%23.58%
Net Profit 0.970.323.941.91-3.591.234.062.783.894.393.944.814.44
EPS in Rs 0.820.273.371.64-2.981.023.382.313.233.653.173.873.57

Last Updated: January 1, 2026, 10:04 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 23, 2026, 11:16 pm

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 117129130129164167182206252296284368368
Expenses 98111113104133137146162209267252320318
Operating Profit 19181725313036434329324850
OPM % 16%14%13%20%19%18%20%21%17%10%11%13%14%
Other Income 1000001100100
Interest 12221122816131110
Depreciation 233333331117171617
Profit before tax 161312212725323823-432024
Tax % 35%27%34%34%35%29%25%26%39%-21%-16%27%
Net Profit 1098141818242814-341518
EPS in Rs 8.727.946.3711.3914.7615.1120.3123.9412.02-2.523.0112.0714.32
Dividend Payout % 16%0%22%13%10%9%7%0%0%0%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)-10.00%-11.11%75.00%28.57%0.00%33.33%16.67%-50.00%-121.43%233.33%275.00%
Change in YoY Net Profit Growth (%)0.00%-1.11%86.11%-46.43%-28.57%33.33%-16.67%-66.67%-71.43%354.76%41.67%

Dynemic Products 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:11%
5 Years:15%
3 Years:13%
TTM:29%
Compounded Profit Growth
10 Years:5%
5 Years:-9%
3 Years:1%
TTM:280%
Stock Price CAGR
10 Years:25%
5 Years:13%
3 Years:2%
1 Year:-13%
Return on Equity
10 Years:11%
5 Years:7%
3 Years:3%
Last Year:7%

Last Updated: September 5, 2025, 3:15 am

Balance Sheet

Last Updated: December 4, 2025, 1:11 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 11111111111111111112121212
Reserves 384753668197117145159171191212221
Borrowings 2836332525311011531741481159679
Other Liabilities 211815172219224270818396102
Total Liabilities 98112111120140158251351415412400416414
Fixed Assets 3235343535383634272259245235228
CWIP 9991014257119400000
Investments 3111111111111
Other Assets 546766749094143121142152154180185
Total Assets 98112111120140158251351415412400416414

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 811012101374840253028
Cash from Investing Activity + -10-4-3-3-7-17-70-98-522-0-4
Cash from Financing Activity + 23-7-9-43644912-26-30-24
Net Cash Flow 101-0-0-01-0-00-10
Free Cash Flow -3-6782-4-41-77-15242722
CFO/OP 68%27%84%75%59%74%46%134%102%87%95%60%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-9.00-18.00-16.000.006.00-1.00-65.00-110.00-131.00-119.00-83.00-48.00

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 626273797291647368637265
Inventory Days 9111796113105134118144153168158
Days Payable 43412224192878145146174146
Cash Conversion Cycle 1101371477916117717011367706677
Working Capital Days 33465088909014431-19-25-27-11
ROCE %25%18%14%22%26%21%18%15%10%4%5%10%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 30.27%30.31%29.42%29.42%29.42%29.42%29.42%29.42%29.47%29.47%29.42%29.42%
FIIs 0.02%0.13%0.05%0.00%0.07%0.15%0.01%0.26%0.35%0.51%0.04%0.15%
DIIs 0.00%0.09%0.08%0.00%0.00%0.00%0.25%0.28%0.28%0.18%0.87%0.80%
Public 69.70%69.47%70.46%70.57%70.51%70.44%70.32%70.05%69.90%69.84%69.67%69.63%
No. of Shareholders 16,25115,75816,04316,55015,53515,04114,11913,02812,91112,54212,99912,683

Shareholding Pattern Chart

No. of Shareholders

Dynemic Products 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 25Mar 24Mar 23Mar 22Mar 21
FaceValue 10.0010.0010.0010.0010.00
Basic EPS (Rs.) 12.443.49-2.5712.4725.06
Diluted EPS (Rs.) 12.443.49-2.5712.4725.06
Cash EPS (Rs.) 25.2916.8711.8122.5728.19
Book Value[Excl.RevalReserv]/Share (Rs.) 180.46168.52156.57150.55138.07
Book Value[Incl.RevalReserv]/Share (Rs.) 180.46168.52156.57150.55138.07
Revenue From Operations / Share (Rs.) 295.71236.15253.21222.38181.48
PBDIT / Share (Rs.) 38.8727.1724.9337.9538.85
PBIT / Share (Rs.) 25.6513.3010.6028.0035.81
PBT / Share (Rs.) 16.482.58-3.1820.5533.81
Net Profit / Share (Rs.) 12.073.00-2.5212.6225.15
NP After MI And SOA / Share (Rs.) 12.073.01-2.5212.6225.15
PBDIT Margin (%) 13.1411.509.8417.0621.40
PBIT Margin (%) 8.675.634.1812.5919.73
PBT Margin (%) 5.571.09-1.259.2318.62
Net Profit Margin (%) 4.081.27-0.995.6713.86
NP After MI And SOA Margin (%) 4.081.27-0.995.6713.85
Return on Networth / Equity (%) 6.681.78-1.608.3818.22
Return on Capital Employeed (%) 12.846.434.7011.2715.79
Return On Assets (%) 3.600.90-0.713.448.11
Long Term Debt / Equity (X) 0.030.160.360.560.61
Total Debt / Equity (X) 0.420.560.801.020.88
Asset Turnover Ratio (%) 0.900.690.710.650.68
Current Ratio (X) 0.940.870.870.981.19
Quick Ratio (X) 0.450.440.430.590.81
Inventory Turnover Ratio (X) 4.962.072.752.982.74
Interest Coverage Ratio (X) 4.242.531.815.0919.32
Interest Coverage Ratio (Post Tax) (X) 2.321.280.812.6913.51
Enterprise Value (Cr.) 420.57425.34420.67831.14728.67
EV / Net Operating Revenue (X) 1.141.501.423.303.54
EV / EBITDA (X) 8.7113.0214.4419.3316.56
MarketCap / Net Operating Revenue (X) 0.881.100.922.622.87
Price / BV (X) 1.461.541.503.873.78
Price / Net Operating Revenue (X) 0.881.100.922.622.87
EarningsYield 0.040.01-0.010.020.04

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Dynemic Products Ltd. is a Public Limited Listed company incorporated on 14/06/1990 and has its registered office in the State of Gujarat, India. Company's Corporate Identification Number(CIN) is L24100GJ1990PLC013886 and registration number is 013886. Currently Company is involved in the business activities of Manufacture of tanning or dying extracts; tannings and their derivatives and colouring matter (including manufacture of indigo). Company's Total Operating Revenue is Rs. 367.42 Cr. and Equity Capital is Rs. 12.43 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Dyes & PigmentsB- 301, Satyamev Complex-1, Ahmedabad Gujarat 380060Contact not found
Management
NamePosition Held
Mr. Bhagwandas K PatelManaging Director
Mr. Dixit B PatelJoint Managing Director
Mr. Rameshbhai B PatelJoint Managing Director
Mr. Vikash G JainIndependent Director
Mr. Iyengar PadmanabhanIndependent Director

FAQ

What is the intrinsic value of Dynemic Products Ltd and is it undervalued?

As of 10 April 2026, Dynemic Products Ltd's intrinsic value is ₹224.76, which is 9.64% higher than the current market price of ₹205.00, suggesting the stock is undervalued. This is calculated using the PE ratio method factoring in ROE (7.04 %), book value (₹188), dividend yield (0.00 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Dynemic Products Ltd?

Dynemic Products Ltd is trading at ₹205.00 as of 10 April 2026, with a FY2026-2027 high of ₹416 and low of ₹191. The stock is currently near its 52-week low. Market cap stands at ₹255 Cr..

How does Dynemic Products Ltd's P/E ratio compare to its industry?

Dynemic Products Ltd has a P/E ratio of 14.3, 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 Dynemic Products Ltd financially healthy?

Key indicators for Dynemic Products Ltd: ROCE of 10.0 % is on the lower side compared to the industry average of 10.89%; ROE of 7.04 % is below ideal levels (industry average: 9.02%). Dividend yield is 0.00 %.

Is Dynemic Products Ltd profitable and how is the profit trend?

Dynemic Products Ltd reported a net profit of ₹15 Cr in Mar 2025 on revenue of ₹368 Cr. Compared to ₹14 Cr in Mar 2022, the net profit shows an improving trend.

Does Dynemic Products Ltd pay dividends?

Dynemic Products Ltd has a dividend yield of 0.00 % at the current price of ₹205.00. The company is currently not paying meaningful dividends.

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 Dynemic Products 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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