Dynamic Industries Limited (DYNAMIND.BO) 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

-1328.0%

-₹1,346.49

vs ₹109.65 price

Levered DCF

-₹845.95

After debt service

Piotroski score

3 / 9

Weak

Altman Z-score

2.52

Grey zone

Rating

Overall 2 / 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	15.12×	16.22×	-70.2×	16.45×	14.99×	35.04×	8.96×	6.16×
P/B	0.55×	0.53×	0.45×	0.4×	0.46×	0.3×	0.2×	0.56×
P/S	0.38×	0.35×	0.59×	0.41×	0.4×	0.39×	0.16×	0.39×
EV / EBITDA	6.93×	7.49×	33.83×	7.69×	7.63×	9.51×	4.17×	3.78×
Gross margin	17.8%	17.4%	16.6%	15.0%	15.2%	14.5%	13.6%	20.1%
Operating margin	4.5%	4.4%	-0.2%	1.2%	2.7%	0.8%	2.3%	8.9%
Net margin	2.5%	2.2%	-0.8%	2.5%	2.6%	1.1%	1.8%	6.3%
Current ratio	1.97×	1.74×	1.86×	2.75×	2.43×	3.74×	3.24×	3.49×
Debt / equity	0.28×	0.34×	0.32×	0.05×	0.08×	0.06×	0.06×	0.07×
Interest coverage	2.55×	2.07×	-0.23×	2.84×	5.05×	0.98×	3.26×	8.03×
Dividend yield	1.1%	0.6%	1.4%	1.6%	1.4%	3.3%	6.0%	2.2%
Payout ratio	16.6%	9.5%	-101.1%	26.5%	21.4%	115.9%	54.0%	13.5%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	3.7%	3.3%	-0.6%	2.4%	3.0%	0.9%	2.2%	9.1%
Return on invested capital	3.6%	3.7%	-0.1%	0.8%	2.1%	0.5%	1.8%	8.5%
Return on assets	2.4%	1.9%	-0.4%	2.0%	2.3%	0.7%	1.8%	7.2%
Free cash flow yield	10.0%	-9.7%	-60.4%	5.6%	-10.7%	14.6%	29.2%	34.1%
Earnings yield	6.6%	6.2%	-1.4%	6.1%	6.7%	2.9%	11.2%	16.2%
Enterprise value	₹410.1M	₹419.1M	₹360.4M	₹203.4M	₹241.2M	₹159.2M	₹116.7M	₹273.6M
Net debt / EBITDA	2.27×	2.89×	14.07×	0.59×	0.92×	1.33×	0.92×	0.32×
Cash conversion cycle (days)	105	90	89	121	144	229	135	142