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10 Yrs X-Ray 
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Dynemic Products Ltd (DYNPRO)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 532707 NSE: DYNPRO Dyes & Pigments | Small Cap | Dynemic Products Share Price
₹232.85 -0.15 (-0.06%)
As on 25-Sep'26 16:59
Dynemic Products Ltd (DYNPRO)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 532707 NSE: DYNPRO Dyes & Pigments | Small Cap | Dynemic Products Share Price
₹232.85 -0.15 (-0.06%)
As on 25-Sep'26 16:59
Key Metrics
Valuation Multiples
Market Cap
₹289 Cr.
Current Price
₹232.9
52-Week Low / High
₹191 / 364
TTM EPS
₹16.4
TTM Sales
₹364 Cr.
Book Value per Share
₹201.4
P/E Ratio
14.24
Lower than its 5-year historical median
Industry PE
3.9
Price to Book (P/B)
1.16
Lower than its 5-year historical median
Price to Sales (P/S)
0.80
Lower than its 5-year historical median
EV/EBITDA
6.86
Lower than its 5-year historical median
Dividend Yield
0.64%
Profitability Efficiency
Return on Equity (ROE)
8.47%
Outperforms industry median
Return on Capital Employed (ROCE)
11.27%
Outperforms industry median
Return on Assets (ROA)
4.80%
Operating Profit Margin
14%
Net Profit Margin
5.27%
Gross Profit Margin
11.6%
Growth Momentum
1-yr vs 3-yr growth
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
3%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
10.11%
Net Profit Growth (1 Year)
-
32.82%
Asset Quality
Promoter Holding
29.42%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹238 Cr.
Equity
₹12.4 Cr.
Face Value
₹10
All Time Low / High
₹9.95 / 766.67
Check Before You Invest
Quality
Somewhat GoodValuation
UndervaluedCheck Valuation charts
Price Trend
Semi Strong
Is Dynemic Products Ltd a good quality company?
Dynemic Products Ltd is a average quality company, based on a somewhat consistent multi-year financial track record.
This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.
We have analysed the performance of the company on the following:
-
How has it performed on generating Profits?
By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.
-
How efficiently has it utilized Capital?
By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.
-
How is it managing its Debt?
By checking its Debt to Equity and Cash Flow from Operations.
How does Dynemic Products Ltd performance compare with that of its Peers?
Revenue growth of Dynemic Products Ltd vs industry peers?
Dynemic Products Ltd revenue CAGR is 12.99%, compared to the industry median CAGR of 0.97%, indicating faster growth and gaining its market share.
Promoter shareholding and pledge status of Dynemic Products Ltd?
Promoters hold 29.42% of the Dynemic Products Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Stock return of Dynemic Products Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 12.3% based on the current price.
10 Year X-Ray :
Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year endData adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
What is a Financial Track Record? How to read this chart in order to understand the data present here?
Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Dynemic Products Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good
Value Creation ⓘ
| Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 22.4% | 25.7% | 20.8% | 18.4% | 15.1% | 9.7% | 3.6% | 4.9% | 10% | 11.5% | - |
| Value Creation Index ⓘ | 0.6 | 0.8 | 0.5 | 0.3 | 0.1 | -0.3 | -0.7 | -0.7 | -0.3 | -0.2 | - |
Growth Parameters ⓘ |
|||||||||||
| Sales ⓘ | 129 | 164 | 167 | 182 | 206 | 252 | 295 | 284 | 367 | 378 | 364 |
| Sales YoY Gr. | - | 27.7% | 1.4% | 9.4% | 12.8% | 22.5% | 17.3% | -3.9% | 29.5% | 3% | - |
| Adj EPS ⓘ | 12 | 15.4 | 15.8 | 21.2 | 25 | 12.6 | -3.1 | 3.4 | 12.1 | 16.5 | 16.4 |
| YoY Gr. | - | 28.6% | 2.3% | 34.4% | 18.1% | -49.8% | -124.6% | NA | 256.3% | 36.2% | - |
| BVPS (₹) ⓘ | 67 | 80.5 | 94.3 | 111.7 | 136.6 | 149.1 | 155.2 | 162.8 | 179.6 | 195.7 | 199.6 |
| Adj Net Profit ⓘ | 13.6 | 17.5 | 18 | 24.1 | 28.5 | 14.3 | -3.6 | 4.1 | 15 | 20.4 | 20 |
| Cash Flow from Ops. ⓘ | 11.9 | 10.2 | 13.3 | 6.7 | 48 | 39.7 | 24.7 | 31.3 | 30.4 | 34 | - |
| Debt/CF from Ops. ⓘ | 2.1 | 2.5 | 2.4 | 15 | 3.2 | 4.4 | 6 | 3.7 | 3.2 | 2.1 | - |
CAGR ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 12.7% | 13% | 8.6% | 3% | ||||
| Adj EPS ⓘ | 3.6% | -8.1% | NA | 36.2% | ||||
| BVPSⓘ | 12.6% | 7.5% | 8% | 9% | ||||
| Share Price | 11.9% | -14.9% | -11.8% | -31% | ||||
Key Financial Parameters ⓘ
| Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 19.5 | 20.9 | 18 | 20.6 | 20.2 | 8.8 | -2.1 | 2.1 | 7.1 | 8.8 | 8.3 |
| Op. Profit Mgn % ⓘ | 19.7 | 19 | 17.8 | 19.9 | 21.1 | 17 | 9.7 | 11.3 | 13 | 13.9 | 14.3 |
| Net Profit Mgn % ⓘ | 10.6 | 10.7 | 10.8 | 13.2 | 13.9 | 5.7 | -1.2 | 1.4 | 4.1 | 5.4 | 5.6 |
| Debt to Equity ⓘ | 0.3 | 0.3 | 0.3 | 0.8 | 1 | 1 | 0.8 | 0.6 | 0.4 | 0.3 | - |
| Working Cap Days ⓘ | 179 | 176 | 197 | 208 | 209 | 187 | 177 | 193 | 163 | 175 | 79 |
| Cash Conv. Cycle ⓘ | 112 | 107 | 127 | 122 | 94 | 67 | 60 | 63 | 54 | 69 | 5 |
Valuation of Dynemic Products - Consolidated
Analyst's Notes
No data found!
Management X-Ray
Shareholding Pattern
Promoter's Holding & Share Pledging
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
* Pledged shares as % of Promoter's holding (%)
Financials
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 129 | 164 | 167 | 182 | 206 | 252 | 296 | 284 | 368 | 379 |
| Operating Expenses ⓘ + | 104 | 133 | 137 | 146 | 162 | 209 | 267 | 252 | 320 | 326 |
| Operating Profit ⓘ | 25 | 31 | 30 | 36 | 43 | 43 | 29 | 32 | 48 | 53 |
| Operating Profit Margin (%) | 19.4% | 19.0% | 17.8% | 19.9% | 21.1% | 17.0% | 9.7% | 11.3% | 13.0% | 13.9% |
| Other Income ⓘ + | 0 | 0 | 0 | 1 | 1 | 0 | 0 | 1 | 0 | 0 |
| Interest ⓘ | 2 | 1 | 1 | 2 | 2 | 8 | 16 | 13 | 11 | 9 |
| Depreciation ⓘ | 3 | 3 | 3 | 3 | 3 | 11 | 17 | 17 | 16 | 17 |
| Profit Before Tax ⓘ | 21 | 27 | 25 | 32 | 38 | 23 | -4 | 3 | 20 | 27 |
| Tax ⓘ | 7 | 9 | 7 | 8 | 10 | 9 | -1 | -1 | 5 | 7 |
| Profit After Tax | 14 | 18 | 18 | 24 | 28 | 14 | -3 | 4 | 15 | 20 |
| PAT Margin (%) | 10.5% | 10.7% | 10.8% | 13.3% | 13.9% | 5.7% | -1.0% | 1.3% | 4.1% | 5.3% |
| Adjusted EPS (₹) | 11.9 | 15.4 | 15.8 | 21.2 | 25.0 | 12.6 | -2.5 | 3.0 | 12.1 | 16.1 |
| Dividend Payout Ratio (%) | 12.50% | 9.70% | 9.50% | 7% | 0% | 0% | 0% | 0% | 0% | 9.40% |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | |||||||||||
| Shareholders Fund + | 77 | 92 | 108 | 128 | 156 | 170 | 183 | 197 | 226 | 245 | |
| Debt + | 25 | 25 | 31 | 101 | 139 | 149 | 115 | 82 | 67 | 66 | |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Trade Payables | 3 | 6 | 5 | 8 | 24 | 52 | 62 | 68 | 76 | 67 | |
| Others Liabilities ⓘ | 14 | 17 | 14 | 14 | 32 | 42 | 52 | 53 | 48 | 34 | |
| Total Liabilities ⓘ | 120 | 140 | 158 | 251 | 351 | 415 | 412 | 400 | 418 | 413 | |
Fixed Assets | |||||||||||
| Net Fixed Assets ⓘ + | 35 | 35 | 38 | 36 | 34 | 272 | 259 | 245 | 235 | 221 | |
| CWIP ⓘ | 10 | 14 | 25 | 71 | 194 | 0 | 0 | 0 | 0 | 0 | |
| Investments ⓘ | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 | |
| Inventories | 22 | 27 | 27 | 36 | 36 | 52 | 65 | 66 | 82 | 82 | |
| Trade Receivables | 28 | 32 | 42 | 32 | 41 | 47 | 51 | 56 | 65 | 76 | |
| Cash Equivalents | 1 | 1 | 1 | 26 | 1 | 3 | 2 | 2 | 2 | 1 | |
| Others Assets ⓘ | 23 | 30 | 24 | 48 | 43 | 40 | 34 | 31 | 31 | 30 | |
| Total Assets ⓘ | 120 | 140 | 158 | 251 | 351 | 415 | 412 | 400 | 418 | 413 | |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ + | 12 | 10 | 13 | 7 | 48 | 40 | 25 | 30 | 30 | 34 |
| Cash Flow From Investing Activity ⓘ + | -4 | -8 | -18 | -72 | -99 | -55 | -1 | -1 | -6 | -1 |
| Cash Flow From Financing Activity ⓘ + | -9 | -4 | 3 | 64 | 49 | 12 | -26 | -30 | -24 | -33 |
| Net Cash Flow ⓘ | -1 | -1 | -1 | -1 | -1 | -3 | -2 | -1 | 0 | 1 |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 19.21 | 20.73 | 17.93 | 20.47 | 20.04 | 8.75 | -1.66 | 1.91 | 7.11 | 8.47 |
| ROCE (%) | 22.28 | 25.6 | 20.7 | 18.3 | 15.07 | 9.71 | 3.67 | 4.94 | 9.98 | 11.27 |
| Asset Turnover Ratio | 1.21 | 1.29 | 1.12 | 0.89 | 0.68 | 0.66 | 0.72 | 0.7 | 0.9 | 0.91 |
| PAT to CFO Conversion(x) | 0.86 | 0.56 | 0.72 | 0.29 | 1.71 | 2.86 | N/A | 7.5 | 2 | 1.7 |
| Working Capital Days | ||||||||||
| Receivable Days | 70.40 | 66 | 81.20 | 73.60 | 65 | 64 | 60.30 | 68.60 | 60.20 | 68.20 |
| Inventory Days | 55 | 53.60 | 59.30 | 63.60 | 64.40 | 63.90 | 72.30 | 84.20 | 73.50 | 79.10 |
| Payable Days | 22.40 | 18.90 | 20.50 | 23.10 | 51.30 | 105.80 | 134.50 | 166.40 | 138.80 | 134.40 |
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Dynemic Products Ltd FAQs
The current trading price of Dynemic Products on 25-Sep-2026 16:59 is ₹232.8.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 24-Sep-2026 the market cap of Dynemic Products stood at ₹289.4 Cr
The latest P/E ratio of Dynemic Products as of 24-Sep-2026 is 14.19.
The latest P/B ratio of Dynemic Products as of 24-Sep-2026 is 1.17.
The 52-week high of Dynemic Products is ₹364.2 and the 52-week low is ₹190.9.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Dynemic Products is ₹364 ( Cr.) .
Past 10 year's financial track record analysis by Moneyworks4me indicates that Dynemic Products Ltd is a average quality company.
The key valuation ratios of Dynemic Products Ltd's currently when compared to its past seem to suggest it is in the Undervalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Dynemic Products Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.
About Dynemic Products Ltd
Dynemic Products is a beacon of excellence in the field of food colors. As a distinguished ISO 9001, ISO 14001, FSSC 22000, and GMP-certified company, it takes immense pride in its role as one of the foremost manufacturers and exporters of food colors worldwide. The company’s comprehensive portfolio includes food colors, lake colors, blended colors, FD&C colors, and dye intermediates.
The company commenced operations in 1990, driven by a team of visionary entrepreneurs, each bringing expertise in their respective domains. In 1996, it took a significant step forward by venturing into the production of synthetic food colors. The establishment of a dedicated facility marked the beginning of its unwavering commitment to excellence in food color manufacturing.
Through steadfast dedication and an uncompromising commitment to quality, the company has earned acclaim both domestically and internationally. Currently, the company stands as a global leader in food color manufacturing, renowned for reliability and quality across its entire product range.
Business area of the company
The company is engaged in manufacturing and marketing of Dyes & Intermediates.
Products
- Food Colours: A Primary Food colour is water-soluble, and exhibits colouring power when it is dissolved.
- Lake Colours: Lake colours are dispersible in vegetable oil, and can be mixed with fats, oils, etc.
- Blended Colours: Blended colours are mixture of two or more water-soluble colour or lake colours.
- FD&C Colours: Dynemic Provides complete range of FD & C (Food Drug & Cosmetic) colours, which are approved by US FDA.
- D&C Colours: Known as drug & cosmetic (D&C) colours suitable for tablet coatings, compressed tablets, syrups, hard & soft gelatin capsules, toiletries, skin-care products, water-based make-up, lipstick, nail polish, pencil, foundation and lip gloss.
- Salt Free Dyes: Dynemic has developed a wide range of Salt free dyes for Inkjet Industry. Salt free dyes are manufacturing by using membrane technology.
- Natural Food Colours: Natural Food Colours by Dynemic Products are derived from plant, fruit, vegetable, and mineral sources.
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