DYNPROCommodities

Dynemic Products Limited

Specialty Chemicals · ISIN INE256H01015 · BSE 532707 · NSE EQ · FV ₹10
Last price
₹221
-0.20%today
What this company does

Dynemic Products Limited operates in Specialty Chemicals, part of the Commodities sector. It booked ₹127 cr of revenue in its latest quarter (Q2 FY27) and kept 5.2% of sales as profit.

In the report:
63out of 100
Equitytale Health Score
Mixed

Healthier than 63% of companies in Commodities, on all six measures of filed financials. Each measure is ranked against the 119–176 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
41

At close. Not part of the score.

Profitability & returns55

How much profit it earns on the money it employs

Balance sheet46

How much it owes, and whether earnings cover the interest

Cash quality69

Whether reported profit actually arrives as cash

Growth & consistency83

Whether sales and profit have grown, and how steadily

Valuation59

What today's price implies, against our models or its peers

Governance & risk86

How much of the promoters' stake is pledged, and how much they hold

Is this company doing well?
not investment advice
Strengths
✓ Makes a profit
✓ Sales up 42% vs last year
✓ Profit up 47% vs last year
✓ No promoter shares pledged
Watch-outs
! Thin 5.2% net margin
! Operating cash flow is negative

What if I invest in DYNPRO?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 5% a year, it would become
₹15.50 lakh

The slider starts at 5%, taken from this company's own free-cash-flow trend. That is history, not a forecast — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹221▼ -0.20%
latest close · 2026-11-04
1-year return
-68.5%
52-wk low ₹21852-wk high ₹727
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio10.5Low
LowAverageHigh
P/B ratio1.07Moderate
Below bookModerateHigh
EV / EBITDA5.2Low
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity10.3%Fair
WeakFairStrong ▸15%
Return on capital18.6%Strong
WeakFairStrong
Net margin5.2%Decent
ThinDecentStrong
EBITDA margin13.5%Decent
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.32Comfortable
LowModerateHigh ▸1
Interest cover6.7×Strong
RiskyOkayStrong ▸5×
Current ratio1.23Healthy
Tight ◂1HealthyAmple
More figures
Market cap
₹274 cr
Book value
₹205
EPS
₹5.27
latest quarter
Net debt
₹80 cr
owes more than its cash
Enterprise value
₹354 cr
EBITDA
₹69 cr
annualised
EBIT
₹52 cr
annualised
Operating margin
10.2%
Return on assets
5.8%
Earnings yield
9.56%
P/S
0.54
Sales / share
₹408.8
Tax rate
40.8%
Face value
₹10
Shares
1.2 cr
Working capital
₹38 cr
Current assets
₹208 cr
Current liabilities
₹170 cr
Delivery %
69.3%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-11-04.

Worth vs price · from the FY 2025 report & filings
not investment advice
Hard to value confidentlyLow confidence
It earns about 13% on its capital — below the ~14% return we'd require to fund it — so a low price is likely justified, not a bargain.
Models span ₹176–₹293, midpoint ₹235

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q2 FY27 (consolidated)
Revenue from Operations₹127 cr
Other Income₹9.6 L
Total Income₹127 cr
Cost of Materials₹68 cr
Purchases of Stock-in-Trade₹4 cr
Inventory Change (±)₹-2 cr
Employee Benefit Expense₹7 cr
Finance Costs₹2 cr
Depreciation & Amortisation₹4 cr
Other Expenses₹33 cr
Total Expenses₹116 cr
Profit before Tax₹11 cr
Tax Expense₹5 cr
Share of JV / Associates₹0.77 L
Net Profit₹7 cr
Net margin on total income5.2%
Where the money goes · Q2 FY27
% of total income
Materials + stock-in-trade₹70 cr55.0%
Employee benefit expense₹7 cr5.5%
Finance costs₹2 cr1.5%
Depreciation & amortisation₹4 cr3.3%
Other expenses₹33 cr26.0%
Tax expense₹5 cr3.5%
Profit for the period₹7 cr5.2%
Total income ₹127 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ4 FY26Q1 FY27Q2 FY27
Revenue104 cr86 cr127 cr
Total income104 cr86 cr127 cr
Expenses96 cr80 cr116 cr
Profit before tax9 cr7 cr11 cr
Tax2 cr2 cr5 cr
Net profit (owners' share)6 cr5 cr7 cr
Net margin (owners' share, on revenue)5.8%6.0%5.2%
EPS (₹)4.884.185.27
YoY (latest quarter): total income +42.3% · net profit +47.4%
Balance sheet & cash flow · as of Sep 2026
Low debt
Total assets
₹449 cr
Shareholder equity
₹255 cr
parent shareholders
Total debt
₹81 cr
Cash
₹62.8 L
Cash flow · H1 FY27
Operating
₹-2 cr
Investing
₹-4 cr
Financing
₹5 cr
Peer comparison
Specialty Chemicals · by market value
CompanyPriceMarket capP/E
Pidilite Industries Limited₹1,511₹1.54 L cr62.5
Gujarat Fluorochemicals Limited₹4,464₹49,103 cr55.3
Navin Fluorine International Limited₹8,530₹43,759 cr40.6
Deepak Nitrite Limited₹1,521₹20,741 cr13.0
Aether Industries Limited₹1,501₹19,924 cr73.3
Aarti Industries Limited₹439₹15,930 cr23.6
Fine Organic Industries Limited₹5,089₹15,603 cr25.6
Atul Limited₹5,073₹14,935 cr24.0
BASF India Limited₹3,138₹13,584 cr9.8
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
0.68%
trailing 12 months
Dividend / share (TTM)
₹1.5
Last dividend
₹1.5
ex 11 Sep 2026
ActionDetailEx-date
Dividend₹1.5 / share11 Sep 2026
Rights issue20:112 May 2022
Dividend₹1.5 / share26 Feb 2020
Dividend₹1.5 / share19 Sep 2019
Dividend₹1.5 / share12 Sep 2018
Dividend₹1.5 / share12 Sep 2017
Who owns it · 2026-09-30
No pledge
Promoter
29.4%
FII / Foreign
0.0%
DII / Domestic
0.3%
Retail / others
70.3%
Smart-money activity
Insider trades
BoughtKirtikumar Bhagwandas Patel · Promoter Group28,000 · ₹86.4 L6 Mar 25
BoughtDixit Bhagwandas Patel · Director20,000 · ₹61.7 L6 Mar 25
BoughtRameshkumar Bhagwandas Patel · Director28,000 · ₹86.4 L6 Mar 25
Bulk / block deals
SoldQE SECURITIES LLP · NSE71,958 @ ₹343.039 Jul 25
BoughtQE SECURITIES LLP · NSE70,722 @ ₹342.319 Jul 25
BoughtNK SECURITIES RESEARCH PRIVATE LIMITED · NSE1.05 L @ ₹342.489 Jul 25
Stake changes
BoughtBhagwandas Kalidas Patel · promoter→ 10.49% · 36,0006 Mar 25
BoughtKirtikumar Bhagwanda Patel · promoter→ 1.20% · 28,0006 Mar 25
BoughtRameshkumar Bhagwandas Patel · promoter→ 5.97% · 28,0006 Mar 25
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 28 Sep 2026
See the official result
1
1. To receive, consider and adopt the audited financial statement of the Company for the financial year ended March 31, 2026, the reports of the Board of Directors and Auditors thereon; and the audited consolidated financial statement of the Company for the financial year ended March 31, 2026 and the Report of the Auditors thereon
This filing does not break the votes down by shareholder group.
2
To declare dividend of Rs. 1.50 per Equity Share i.e. 15% per Equity Share for the year ended 31st March, 2026
Promoters had a personal stake in this
This filing does not break the votes down by shareholder group.
3
3. To appoint a Director in place of Shri Rameshbhai B. Patel, (holding DIN No. 00037568), liable to retire by rotation in terms of Section 152(6) of the Companies Act, 2013 and, being eligible, offers himself for re-appointment
Promoters had a personal stake in this
This filing does not break the votes down by shareholder group.
4
To ratify payment of remuneration to the Cost Auditors of the Company for FY 2026-27
This filing does not break the votes down by shareholder group.

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 22 named members
owning 29.4% between them · as of 2026-09-30
BHAGWANDAS KALIDAS PATEL10.49%
RAMESHKUMAR BHAGWANDAS PATEL5.97%
VIMALABEN BHAGAWANDAS PATEL2.72%
DIXIT BHAGWANDAS PATEL1.69%
DYNEMIC HOLDINGS PRIVATE LIMITED1.26%
KIRTIKUMAR BHAGWANDAS PATEL1.20%
CHETNABEN M PATEL1.12%
MUKESHBHAI B PATEL0.97%
Business done with them
FY2026 · 3 of the group
The company paid ₹2 cr to companies in the promoter group last year — about 0.5% of its ₹379 cr revenue.
Mr. Bhagwandas Kalidas Patel
Paid them for services · Salary and Loan Given to COmpany
also owns 10.49% of the company
₹2 cr
company paid
Mr. Sachin R. Patel
Paid them for services · Salary
also owns 0.16% of the company
₹3.8 L
company paid
Dynemic Holdings Pvt Ltd
Paid them for services · Sale of Goods & Services
also owns 1.26% of the company
₹0.12 L
company paid

The company also transacted with 7 other related parties — subsidiaries, joint ventures, directors and others — that we could not match by name to the promoter list above. Some may still be connected to the family; we only count the ones the filings let us match with certainty.

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

Money it raised, and what it did with it

When a company raises money from investors, it has to say up front what the money is for. The rules then make it report, every three months until the money is gone, how much of each of those things it has actually paid for — so a promise made while asking for the money can be checked afterwards.

₹7 cr raised in Mar 2025 by selling shares to selected investors

The company has not broken this money down into purposes in its filing for Mar 2025, so there is nothing to measure it against yet.

Every figure above is taken from the statement the company files with the stock exchange each quarter, for as long as money it has raised remains unspent. The only thing we work out is how much of each stated purpose has been paid for — one number divided by another from the same filing. Whether a plan that changed was a good change is not something a filing can tell you. See the filing

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.