Dynamatic Technologies Limited (DYNAMATECH.NS) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

-62.8%

₹4,517.67

vs ₹12,151.00 price

Levered DCF

₹2,231.36

After debt service

Piotroski score

7 / 9

Strong

Altman Z-score

—

Rating

C-

Overall 1 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	188.77×	100.3×	44.59×	41.03×	87.58×	-27.47×	7.53×	37.01×
P/B	7.71×	6.02×	8.14×	3.24×	3.55×	1.63×	0.79×	3.13×
P/S	3.77×	3.08×	3.8×	1.33×	1.08×	0.54×	0.24×	0.69×
EV / EBITDA	36.61×	26.81×	22.57×	12.76×	11.58×	7.92×	4.3×	8.93×
Gross margin	24.9%	53.4%	43.8%	50.1%	43.6%	43.3%	13.6%	41.7%
Operating margin	6.5%	6.3%	6.8%	8.7%	7.6%	6.9%	9.6%	8.7%
Net margin	2.0%	3.1%	8.5%	3.3%	1.2%	-2.0%	3.2%	1.9%
Current ratio	1.38×	1.28×	1.31×	1.17×	1.17×	1.27×	1.01×	1.17×
Debt / equity	0.8×	0.8×	0.88×	1.39×	1.8×	2.02×	1.99×	2.03×
Interest coverage	1.83×	1.57×	1.56×	1.69×	1.56×	1.09×	1.41×	1.62×
Dividend yield	0.1%	0.1%	0.1%	0.1%	0.0%	0.0%	0.0%	0.2%
Payout ratio	10.5%	11.0%	6.7%	4.4%	0.0%	-0.1%	0.0%	5.8%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	4.1%	6.0%	18.2%	7.9%	4.1%	-5.9%	10.5%	8.5%
Return on invested capital	4.6%	5.2%	6.8%	6.6%	6.6%	1.8%	10.1%	7.2%
Return on assets	1.8%	2.6%	7.7%	2.6%	1.1%	-1.5%	2.6%	2.0%
Free cash flow yield	-0.3%	1.8%	0.4%	2.6%	3.6%	16.9%	57.1%	9.2%
Earnings yield	0.5%	1.0%	2.2%	2.4%	1.1%	-3.6%	13.3%	2.7%
Enterprise value	₹66.9B	₹48.6B	₹59.7B	₹23.7B	₹20.2B	₹13.1B	₹9.8B	₹16.4B
Net debt / EBITDA	3.12×	2.97×	2.02×	3.31×	3.83×	4.28×	3.01×	3.39×
Cash conversion cycle (days)	119	141	139	132	82	79	74	62