As of 6 Nov 2026, Dynemic Products trades at 13.5× trailing earnings, below the industry P/E of 22.1×, and the shares are 28% below their 52-week high. Its ROCE of 13% is the second-lowest among the 7 largest Specialty Chemicals peers, and sales grew 8.8% a year over 3 years. Its dividend yield is 0.7%, and debt is 0.32× equity. It is a small-cap company with a market cap of ₹274 Cr, ranked 117th of 204 Specialty Chemicals companies by market cap; the shares fell 27% over the past year.
- ₹220.06
- ₹223.18
- ₹220.00
- ₹221.63
- 5.1K
Health check
- ReturnsBehind
−26.6% over a year, better than 0 of 7 peers.
- Price tagCheaper
P/E 13.5 vs industry 22.1.
- GrowthSteady
Sales +8.8% a year over 3 years.
- ProfitabilityWeak
ROCE 12.6% vs peer median 24.4%.
- Balance sheetSolid
Debt 0.32× equity, interest covered 5.1×, Piotroski 8 of 9.
- Red flags1 to check
Quarterly sales down 8.4% on a year ago.
Small cap
Market sensitivity
Key metrics
- Market cap
- ₹274 Cr
- Small cap
- P/E
- 13.5
- Industry 22.1
- Price to book
- 1.07
- Peers 13.33
- Dividend yield
- 0.68%
- ROE
- 9.2%
- Peers 23.0%
- ROCE
- 12.6%
- Peers 24.4%
- Debt to equity
- 0.32
- Debt ₹81 Cr
- EPS (TTM)
- ₹16.35
- Face value ₹10
- OPM (TTM)
- 14.4%
- Net margin 5.5%
- Sales growth
- −8.4%
- Latest quarter vs a year ago
- Profit growth
- +7.9%
- Latest quarter vs a year ago
- Price to sales
- 0.67
- EV/EBITDA 6.2
Strengths and risks
Strengths
- P/E of 13.5 against an industry P/E of 22.1.
- Positive operating cash flow in each of the last 4 years.
Risks to check
- Quarterly sales down 8.4% on a year ago.
About Dynemic Products
Dynemic Products Limited, together with its subsidiaries, engages in the manufacture and sale of dyes and dye intermediates in India. It offers food colours that are primarily applied in foodstuff, beverages, animal feeds, etc.; lake colours for use in pharmaceuticals, cosmetic and personal care products, spice compounds, bakery and dairy products, and snack food applications; and blended colours. The company also provides food drug and cosmetic colors;…
- Headquarters
- Ahmedabad
- Employees
- 464
- Sector
- Basic Materials
- ISIN
- INE256H01015
- Website
- dynemic.com
Price range
- Avg volume (3M)
- 18.3K
- 1-year return
- minus 26.6%
- From 52-week high
- minus 27.9%
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% |
| DYNPRODynemic Products | 220.75 | minus 0.40% | 274 | 13.5 | 6.9 | 12.6% | 14.4% | 0.32 | 8.8% | minus 26.6% |
| 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 |
|---|---|---|---|---|---|
| 92.9 | 87.9 | 89.1 | 102 | 85.1 | |
| 80.1 | 75.6 | 76.4 | 86.9 | 72.8 | |
| 12.8 | 12.3 | 12.7 | 15 | 12.3 | |
| 13.8% | 14.0% | 14.2% | 14.7% | 14.5% | |
| 0 | 0 | 0.1 | −0.2 | 0.3 | |
| 2.3 | 2.3 | 2.4 | 2.2 | 1.6 | |
| 4.1 | 4.2 | 4.2 | 4.1 | 4.1 | |
| 6.4 | 5.8 | 6.2 | 8.4 | 6.8 | |
| 25.2% | 23.5% | 25.2% | 27.4% | 24.1% | |
| 4.8 | 4.4 | 4.6 | 6.1 | 5.2 | |
| 3.87 | 3.58 | 3.71 | 4.88 | 4.18 |
Profit & loss
- Sales CAGR 3Y
- +8.8%
- ROE
- 9.2%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 289 | 280 | 361 | 372 | |
| – | minus 3.1% | +29.0% | +3.0% | |
| 262 | 248 | 315 | 321 | |
| 26.2 | 31.8 | 45.9 | 50.4 | |
| 9.1% | 11.4% | 12.7% | 13.6% | |
| −2.7 | 0.9 | −0.5 | −0.3 | |
| 10.4 | 12.9 | 8.4 | 6.5 | |
| 16.7 | 16.7 | 16.4 | 16.6 | |
| 0 | −0 | −0 | −0.2 | |
| −3.7 | 3.1 | 20.5 | 26.8 | |
| 20.9% | −16.5% | 26.7% | 25.5% | |
| −2.9 | 3.6 | 15 | 19.9 | |
| – | – | +315.1% | +32.8% | |
| -2.65 | 3.05 | 12.46 | 16.04 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 11.7 | 12 | 12.4 | 12.4 | |
| 171 | 192 | 213 | 233 | |
| 148 | 115 | 95.9 | 72.7 | |
| 81.4 | 82.5 | 95.9 | 94.6 | |
| 412 | 401 | 418 | 413 | |
| 261 | 244 | 236 | 222 | |
| 2.1 | 1.7 | 1.4 | 1.4 | |
| 2.2 | 18.6 | 19.5 | 20.8 | |
| 1.9 | 2 | 2.4 | 1.2 | |
| 145 | 134 | 158 | 167 | |
| 412 | 401 | 418 | 413 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 24.8 | 30.3 | 30.4 | 34.4 | |
| −0.8 | −0.6 | −5.7 | −1.1 | |
| −26.2 | −30.4 | −24.4 | −32.7 | |
| −2.2 | −0.8 | 0.3 | 0.6 | |
| −0.9 | −2.8 | −6.9 | −4 | |
| 23.8 | 27.5 | 23.5 | 30.4 |
Shareholding pattern
- Promoters29.42%
- Public70.58%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 29.42% | 70.58% | 0.00 | |
| 30 Jun 2026 | 29.42% | 70.58% | 0.00 | |
| 31 Mar 2026 | 29.42% | 70.58% | 0.00 | |
| 31 Dec 2025 | 29.42% | 70.58% | 0.00 | |
| 30 Sep 2025 | 29.42% | 70.58% | – |
Major shareholders
Filings & events
News
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