Dynemic Products Limited (DYNPRO.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

+246.1%

₹768.64

vs ₹222.08 price

Levered DCF

₹506.90

After debt service

Piotroski score

6 / 9

Average

Altman Z-score

2.17

Grey zone

Rating

Overall 4 / 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	12.02×	22.52×	89.64×	-90.19×	45.82×	20.81×	5.44×	7.39×
P/B	0.98×	1.51×	1.4×	1.45×	3.84×	3.79×	1.03×	1.23×
P/S	0.63×	0.94×	1.01×	0.92×	2.7×	2.94×	0.75×	0.82×
EV / EBITDA	5.91×	8.97×	13.08×	17.15×	20.25×	17.1×	6.31×	5.54×
Gross margin	37.6%	47.4%	22.3%	5.9%	23.3%	28.2%	26.3%	23.9%
Operating margin	9.5%	8.7%	5.4%	1.9%	12.0%	19.3%	17.7%	15.7%
Net margin	5.3%	4.2%	1.3%	-1.0%	5.9%	14.1%	13.7%	11.1%
Current ratio	1.14×	0.95×	0.88×	0.88×	0.99×	1.19×	3.67×	1.94×
Debt / equity	0.3×	0.43×	0.57×	0.81×	1.02×	0.98×	0.79×	0.29×
Interest coverage	3.9×	2.76×	1.36×	0.51×	3.81×	17.07×	19.76×	21.53×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	2.6%	1.3%
Payout ratio	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	14.1%	9.5%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	8.1%	6.7%	1.8%	-1.6%	8.4%	18.2%	18.9%	16.6%
Return on invested capital	8.0%	6.8%	4.6%	1.3%	4.9%	9.2%	9.7%	12.4%
Return on assets	4.8%	3.6%	0.9%	-0.7%	3.4%	8.1%	9.6%	11.4%
Free cash flow yield	8.9%	6.4%	9.7%	9.0%	-2.2%	-13.0%	-31.2%	-3.1%
Earnings yield	8.3%	4.4%	1.3%	-1.1%	2.2%	4.8%	18.4%	13.5%
Enterprise value	₹3.1B	₹4.3B	₹4B	₹4.1B	₹8.3B	₹7.5B	₹2.3B	₹1.6B
Net debt / EBITDA	1.36×	1.97×	3.76×	6.13×	4.24×	3.49×	2.73×	1.05×
Cash conversion cycle (days)	99	78	73	69	83	106	147	166