Dynamic Industries (BSE: DYNAMIND) had a P/E of 18.0× on 6 Nov 2026, below the industry P/E of 22.1×, and the shares are 31% below their 52-week high. Its ROCE of 6.1% is the lowest among the 7 largest Specialty Chemicals peers, and sales and net profit grew 16% and 17% a year over 3 years. Its dividend yield is 0.8%, and debt is 0.28× equity. It is a small-cap company with a market cap of ₹32 Cr, ranked 178th of 204 Specialty Chemicals companies by market cap; the shares fell 28% over the past year.
- ₹108.00
- ₹109.00
- ₹105.05
- ₹111.25
- 2.1K
Health check
- ReturnsBehind
−28.3% over a year, better than 0 of 7 peers.
- Price tagCheaper
P/E 18.0 vs industry 22.1.
- GrowthSteady
Sales +16.3%, profit +16.9% a year over 3 years.
- ProfitabilityWeak
ROCE 6.1% vs peer median 24.4%.
- Balance sheetFair
Debt 0.28× equity, interest covered 3.1×, Piotroski 9 of 9.
- Red flags3 to check
Return on equity is low at 3.7%.
Small cap
Defensive
Key metrics
- Market cap
- ₹32 Cr
- Small cap
- P/E
- 18.0
- Industry 22.1
- Price to book
- 0.64
- Peers 13.33
- Dividend yield
- 0.84%
- ROE
- 3.7%
- Peers 23.0%
- ROCE
- 6.1%
- Peers 24.4%
- Debt to equity
- 0.28
- Debt ₹14 Cr
- EPS (TTM)
- ₹5.84
- OPM (TTM)
- 7.4%
- Net margin 2.5%
- Sales growth
- −3.4%
- Latest quarter vs a year ago
- Profit growth
- −6.8%
- Latest quarter vs a year ago
- Price to sales
- 0.45
- EV/EBITDA 8.9
Strengths and risks
Strengths
- Positive operating cash flow in each of the last 4 years.
Risks to check
- Return on equity is low at 3.7%.
- Quarterly sales down 3.4% on a year ago.
- 31% below its 52-week high.
About Dynamic Industries
Dynamic Industries Limited engages in the manufacture and trade of dyes, chemicals, and pigments in India and internationally. It offers acid, direct, synthetic organic, and solvent dyes for textile, leather, and paper applications, as well as dye stuffs. The company also exports its products to approximately 25 countries. Dynamic Industries Limited was incorporated in 1989 and is based in Ahmedabad, India.
- Headquarters
- Ahmedabad
- Employees
- 74
- Sector
- Basic Materials
- ISIN
- INE457C01010
- Website
- dynaind.com
Price range
- Avg volume (3M)
- 3.9K
- 1-year return
- minus 28.3%
- From 52-week high
- minus 31.2%
Peers · Specialty Chemicals
| Company | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| ASIANPAINTAsian Paints | 2,546.00 | plus 0.88% | 2,44,025 | 50.5 | 35.0 | 24.4% | 18.9% | 0.21 | 1.1% | plus 1.5% |
| SOLARINDSSolar Industries India | 18,608.00 | plus 0.48% | 1,68,384 | 74.4 | 64.1 | 29.5% | 27.8% | 0.22 | 12.4% | plus 35.9% |
| PIDILITINDPidilite Industries | 1,579.00 | plus 1.63% | 1,60,827 | 60.0 | 44.4 | 28.5% | 23.5% | 0.03 | 7.4% | plus 6.8% |
| LINDEINDIALinde India | 6,859.00 | plus 8.73% | 58,496 | 118.4 | 64.2 | 16.3% | 31.5% | 0.23 | – | plus 5.4% |
| BERGEPAINTBerger Paints India | 478.35 | minus 5.28% | 55,776 | 45.4 | 29.4 | 20.6% | 15.3% | 0.15 | 4.2% | minus 6.0% |
| FLUOROCHEMGujarat Fluorochemicals | 4,665.50 | minus 0.94% | 51,251 | 75.9 | 44.0 | 9.6% | 24.1% | 0.26 | −4.5% | plus 28.0% |
| ACUTAASAcutaas Chemicals | 3,786.60 | plus 0.42% | 31,001 | 70.9 | 64.1 | 27.7% | 39.4% | 0.01 | 29.4% | plus 105.6% |
| DYNAMINDDynamic Industries | 105.05 | minus 5.57% | 32 | 18.0 | 8.0 | 6.1% | 7.4% | 0.28 | 16.3% | minus 28.3% |
| Median of 7 peers | – | 0.48% | 58,496 | 70.9 | 44.4 | 24.4% | 24.1% | 0.21 | 5.8% | 6.8% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 22.3 | 17.9 | 14.1 | 17.3 | 21.5 | |
| 20.4 | 16.7 | 13.2 | 16 | 19.7 | |
| 1.9 | 1.2 | 0.9 | 1.4 | 1.8 | |
| 8.6% | 6.8% | 6.2% | 7.8% | 8.3% | |
| 0 | 0.2 | 0 | 0.3 | 0.3 | |
| 0.3 | 0.4 | 0.3 | 0.3 | 0.3 | |
| 0.5 | 0.5 | 0.5 | 0.5 | 0.5 | |
| 1.1 | 0.5 | 0.1 | 0.8 | 1.3 | |
| 27.4% | 32.4% | 34.7% | 25.3% | 42.8% | |
| 0.8 | 0.4 | 0.1 | 0.6 | 0.7 | |
| 2.61 | 1.19 | 0.18 | 2.04 | 2.43 |
Profit & loss
- Sales CAGR 3Y
- +16.3%
- Profit CAGR 3Y
- +16.9%
- EPS CAGR 3Y
- +16.9%
- ROE
- 3.7%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 45.4 | 35.8 | 72.2 | 71.3 | |
| – | minus 21.0% | +101.5% | minus 1.3% | |
| 43.6 | 34.8 | 67 | 65.6 | |
| 1.8 | 1.1 | 5.3 | 5.7 | |
| 3.9% | 3.1% | 7.3% | 8.0% | |
| 0.9 | 0.2 | 0.2 | 0.4 | |
| 0.1 | 0.3 | 1.4 | 1.2 | |
| 0.9 | 1.2 | 2 | 2.1 | |
| −0.2 | −0.2 | 0 | −0.3 | |
| 1.6 | −0.4 | 2 | 2.5 | |
| 26.8% | 27.2% | 22.3% | 28.0% | |
| 1.1 | −0.3 | 1.6 | 1.8 | |
| – | minus 126.2% | – | +14.9% | |
| 3.77 | -0.99 | 5.24 | 6.02 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 3 | 3 | 3 | 3 | |
| 44.2 | 43.7 | 45.1 | 46.9 | |
| 2.4 | 15 | 16.5 | 13.8 | |
| 8.3 | 12 | 16.9 | 13.5 | |
| 58 | 73.8 | 81.6 | 77.2 | |
| 28.5 | 41.5 | 43.5 | 43 | |
| 2.4 | 0.7 | 1.2 | 2 | |
| 2.7 | 2.5 | 1.2 | 1.1 | |
| 1.4 | 0 | 0.3 | 0.1 | |
| 23 | 29 | 35.4 | 31.1 | |
| 58 | 73.8 | 81.6 | 77.2 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 8.2 | 1.3 | 3 | 6.4 | |
| −6.4 | −13.7 | −2.6 | −2.2 | |
| −1.6 | 11.6 | −0.2 | −4.3 | |
| 0.3 | −0.8 | 0.2 | −0.2 | |
| −7 | −14 | −4.1 | −2.4 | |
| 1.2 | −12.7 | −1.1 | 4 | |
| −0.3 | −0.3 | −0.2 | −0.3 |
Shareholding pattern
This company is listed only on BSE, so there’s no NSE category split. See Major shareholders below for the named holders.
Major shareholders
Filings & events
News
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