Dynacons Systems & Solutions Ltd. (IN:DSSL)
:DSSL
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Dynacons Systems & Solutions Ltd.
(DSSL)
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Rating:65Neutral
Price Target:
₹1,533.00
▲(52.55% Upside)
Action:Downgraded
Date:06/04/26
The score is held back mainly by weak cash-flow performance and a sharp rise in leverage despite strong multi-year revenue and margin improvement. Technicals are moderately supportive with positive longer-term trend but neutral momentum. Valuation is reasonable, helped by a ~3.5% dividend yield.
Positive Factors
Multi-year revenue growth & margin improvement
Consistent multi-year revenue expansion and meaningful margin improvement indicate the company has scaled its systems-integration and services model. Higher gross and net margins (to ~10.9% and ~5.9%) reflect better cost control and operating leverage, supporting durable profitability even as growth moderates.
Negative Factors
Weak cash generation & negative FCF in 2026
Operating cash flow has been volatile and often decoupled from reported profits, culminating in negative free cash flow in 2026. Low cash conversion and prior negative OCF episodes point to working-capital stress and weaker internal funding capacity, constraining reinvestment and increasing external financing reliance.
Read all positive and negative factors
Positive Factors
Negative Factors
Multi-year revenue growth & margin improvement
Consistent multi-year revenue expansion and meaningful margin improvement indicate the company has scaled its systems-integration and services model. Higher gross and net margins (to ~10.9% and ~5.9%) reflect better cost control and operating leverage, supporting durable profitability even as growth moderates.
Read all positive factors
Dynacons Systems & Solutions Ltd. (DSSL) vs. iShares MSCI India ETF (INDA)
Market Cap
₹16.62B
Dividend Yield0.05%
Average Volume (3M)1.89K
Price to Earnings (P/E)19.6
Beta (1Y)1.70
Revenue Growth12.39%
EPS Growth16.98%
CountryIN
Employees1,071
SectorTechnology
Sector Strength88
IndustryInformation Technology Services
Share Statistics
EPS (TTM)62.11
Shares Outstanding12,737,080
10 Day Avg. Volume3,135
30 Day Avg. Volume1,894
Financial Highlights & Ratios
PEG Ratio0.70
Price to Book (P/B)3.17
Price to Sales (P/S)0.70
P/FCF Ratio-23.72
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Dynacons Systems & Solutions Ltd. Business Overview & Revenue Model
Company Description
Established in Mumbai, India, in 1995, Dynacons Systems & Solutions Limited operates as a prominent IT service provider, serving clients across India and through exports. The company specializes in a comprehensive range of technology solutions. Th...
How the Company Makes Money
DSSL primarily generates revenue by delivering end-to-end IT infrastructure projects and associated services. Key revenue streams typically include: (1) sale and delivery of IT hardware and infrastructure components (e.g., servers, storage, networ...
Dynacons Systems & Solutions Ltd. Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
62
Positive
Cash Flow
38
Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 13.21B | 14.24B | 12.67B | 10.24B | 8.04B | 6.54B |
| Gross Profit | 1.40B | 1.55B | 1.18B | 918.75M | 681.39M | 394.67M |
| EBITDA | 1.29B | 1.46B | 1.12B | 824.57M | 569.66M | 307.79M |
| Net Income | 788.29M | 847.35M | 723.95M | 538.19M | 334.54M | 164.29M |
Balance Sheet | ||||||
| Total Assets | 8.82B | 10.13B | 7.77B | 5.87B | 4.03B | 2.99B |
| Cash, Cash Equivalents and Short-Term Investments | 1.14B | 1.12B | 1.32B | 28.63M | 162.92M | 22.36M |
| Total Debt | 1.74B | 2.37B | 1.39B | 357.68M | 686.28M | 641.45M |
| Total Liabilities | 6.09B | 6.98B | 5.46B | 4.30B | 2.98B | 2.31B |
| Stockholders Equity | 2.72B | 3.15B | 2.31B | 1.58B | 1.05B | 679.72M |
Cash Flow | ||||||
| Free Cash Flow | -82.17M | -420.72M | 368.71M | 287.00M | 128.27M | -157.76M |
| Operating Cash Flow | 97.39M | 229.33M | 660.42M | 292.47M | 131.29M | -133.57M |
| Investing Cash Flow | -179.56M | -435.47M | -279.46M | -5.38M | -3.01M | -11.71M |
| Financing Cash Flow | -164.48M | -11.94M | -62.69M | -421.38M | -53.71M | 136.30M |
Dynacons Systems & Solutions Ltd. Technical Analysis
Positive
1004.90
Price Trends
1251.16
Positive
1092.61
Positive
1020.71
Positive
Market Momentum
9.05
Positive
45.19
Neutral
18.40
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:DSSL, the sentiment is Positive. The current price of 1004.9 is below the 20-day moving average (MA) of 1504.18, below the 50-day MA of 1251.16, and below the 200-day MA of 1020.71, indicating a neutral trend. The MACD of 9.05 indicates Positive momentum. The RSI at 45.19 is Neutral, neither overbought nor oversold. The STOCH value of 18.40 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:DSSL.
Dynacons Systems & Solutions Ltd. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
65 Neutral | ₹16.62B | 19.58 | ― | 0.05% | 12.39% | 16.98% | |
64 Neutral | ₹6.46B | 16.68 | ― | 0.96% | 19.93% | 19.41% | |
63 Neutral | ₹20.71B | 49.12 | ― | ― | 18.54% | ― | |
62 Neutral | ₹7.93B | 9.47 | ― | ― | 10.85% | 7.23% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
60 Neutral | ₹5.66B | 19.36 | ― | ― | -2.29% | ― | |
53 Neutral | ₹36.60B | 166.77 | ― | 0.03% | ― | ― |
* Technology Sector Average
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Dynacons Systems & Solutions Ltd. Corporate Events
Dynacons posts strong FY26 results, bolsters order book with marquee IT contracts
May 31, 2026
Dynacons Systems Solutions Ltd. issued a revised press release for its audited FY2026 results after correcting a clerical error, confirming strong growth in revenue, profitability and margins on both a quarterly and full-year basis. The company r...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.