Dynemic Products Limited (DYNPRO) AI Stock Analysis

• Market Cap: ₹2.84B
• Dividend Yield: N/A
• Average Volume (3M): 1.91K
• Price to Earnings (P/E): 15.6
• Beta (1Y): 0.67
• Revenue Growth: 13.70%
• EPS Growth: 45.64%
• Country: IN
• Employees: 446
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Chemicals - Specialty
• EPS (TTM): 3.83
• Shares Outstanding: 12,428,387
• 10 Day Avg. Volume: 1,079
• 30 Day Avg. Volume: 1,912
• PEG Ratio: 0.07
• Price to Book (P/B): 1.51
• Price to Sales (P/S): 0.94
• P/FCF Ratio: 15.70
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 61 Neutral
• Price Target: ₹232.00 ▼(-7.74% Downside)
• Action: Reiterated Date: 11/14/25
• Date: Action: Reiterated 11/14/25

The overall stock score for Dynemic Products Limited is primarily influenced by its solid financial performance, which is offset by bearish technical indicators. The stock's valuation is moderate, but the lack of a dividend yield may deter some investors. The absence of earnings call data and corporate events means these factors do not influence the score.

Positive Factors

B2B contract manufacturing model

Dynemic’s core business is contract/custom manufacturing of APIs, intermediates and specialty chemicals, a B2B model that generates recurring, contract-driven revenue and sticky customer relationships. This structural business model supports stable volumes, margin visibility and long-term client tie-ups over months to years.

Improving operating margins

Material improvement in gross and operating margins indicates better cost control, pricing mix or production efficiencies. Sustained margin expansion enhances cash generation capacity and competitive positioning in specialty chemicals, supporting reinvestment and resilience to input-cost swings over the medium term.

Solid equity base and manageable leverage

A strong equity ratio and moderate D/E provide financial stability and flexibility for capex or strategic investments. Manageable leverage lowers refinancing risk and preserves access to capital, enabling the company to fund growth or weather cyclical slowdowns without excessive balance-sheet strain.

Negative Factors

Low net profit margin

Despite margin improvements, a net margin near 4% leaves limited room to absorb raw-material inflation or pricing pressure. Persistently low bottom-line conversion constrains retained earnings and investment capacity, making long-term EPS growth and resilience more dependent on ongoing efficiency gains or higher-value contracts.

Modest return on equity

A ROE below industry-leading peers suggests moderate capital efficiency, meaning the company generates limited profit per unit of equity. Over months this can limit shareholder returns and indicates growth may require significant reinvestment to materially lift earnings rather than driving high-return expansion.

Weak free cash flow trend

Although free cash flow is positive, a near-22% year-over-year decline in FCF growth signals volatility in cash generation. If this trend persists, it could constrain capex, deleveraging or dividend capacity and increase reliance on external financing to fund growth or working-capital needs.

Dynemic Products Limited Business Overview & Revenue Model

Company Description

Dynemic Products Limited engages in the manufacturing and selling of dyes and dye intermediates in India. It offers food colors that are primarily applied in coloring food, drug, and cosmetic products; lake colors that are used in the application of pharmaceuticals, cosmetic and personal care products, spice compounds, bakery and dairy products, and snack foods; and blended colors. The company also provides food drug and cosmetic colors; salt free dyes for inkjet industry; and dyes intermediates, such as pyarazolone, naphthalene, and benzene based dyes intermediates that are applied in reactive, metal complex, acid, ramazol, and direct dyes, as well as in food colors. In addition, it offers drug and cosmetic colors for tablet coatings, compressed tablets, syrups, hard and soft gelatin capsules, toiletries, skin-care products, water-based make-ups, lipsticks, nail polishes, pencils, foundations, and lip glosses; and natural food colors. The company also exports its products worldwide. Dynemic Products Limited was incorporated in 1990 and is based in Ahmedabad, India.

How the Company Makes Money

Dynemic Products Limited generates revenue through the sale of its specialty chemicals and additives to various industries, including coatings, plastics, and textiles. The company operates on a business-to-business (B2B) model, supplying its products directly to manufacturers and industrial clients. Key revenue streams include bulk sales of chemical formulations, custom product development, and long-term supply agreements with key clients. Additionally, DYNPRO benefits from strategic partnerships with distributors and industry leaders, which help expand its market reach and enhance brand visibility. The company also invests in research and development to innovate new products, catering to niche markets and adapting to changing industry demands, further contributing to its earnings.

Dynemic Products Limited Financial Statement Overview

Summary

Dynemic Products Limited exhibits solid financial performance with significant revenue growth and improved profitability margins. The balance sheet is stable with a strong equity base, though debt levels should be managed closely. Cash flow generation is robust, supporting the company's ability to invest and grow.

Income Statement

Dynemic Products Limited has shown strong revenue growth, with a significant increase from the previous year. The gross profit margin has improved to 47.45% in 2025, and the net profit margin has increased to 4.16%, reflecting better cost management and profitability. EBIT and EBITDA margins have also improved, indicating efficient operations. However, the net profit margin remains relatively low, suggesting room for further profitability enhancement.

Balance Sheet

The company's debt-to-equity ratio is 0.43, showing a manageable level of debt compared to equity. The return on equity (ROE) is 6.69%, indicating moderate profitability relative to shareholders' equity. The equity ratio of 53.89% suggests a strong equity base, providing financial stability. Despite these strengths, the company should monitor its debt levels to maintain financial health.

Cash Flow

Dynemic Products Limited's free cash flow has turned positive with a growth rate of -21.74% compared to the previous year, indicating improved cash generation. The operating cash flow to net income ratio of 1.90 shows strong cash flow generation relative to net income. However, the company should focus on sustaining free cash flow growth to support future investments and debt repayments.

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	3.75B	3.61B	2.80B	2.89B	2.43B	2.01B
Gross Profit	1.75B	1.71B	623.96M	170.28M	564.46M	568.13M
EBITDA	510.50M	483.00M	304.02M	240.32M	409.07M	435.57M
Net Income	170.34M	150.00M	36.18M	-29.40M	142.98M	284.94M
Balance Sheet
Total Assets	0.00	4.16B	4.00B	4.12B	4.15B	3.51B
Cash, Cash Equivalents and Short-Term Investments	21.78M	23.82M	17.71M	19.89M	22.94M	8.17M
Total Debt	0.00	958.75M	1.15B	1.48B	1.74B	1.53B
Total Liabilities	-2.24B	1.92B	1.97B	2.29B	2.44B	1.95B
Stockholders Equity	2.24B	2.24B	2.03B	1.83B	1.70B	1.56B
Cash Flow
Free Cash Flow	0.00	215.16M	274.90M	238.39M	-146.44M	-770.77M
Operating Cash Flow	0.00	284.31M	302.74M	247.68M	396.86M	481.45M
Investing Cash Flow	0.00	-59.26M	-6.45M	-7.94M	-549.24M	-988.20M
Financing Cash Flow	0.00	-243.97M	-304.25M	-262.22M	122.37M	493.71M

Dynemic Products Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 251.45
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:DYNPRO, the sentiment is Negative. The current price of 251.45 is above the 20-day moving average (MA) of 231.06, above the 50-day MA of 236.63, and below the 200-day MA of 298.37, indicating a bearish trend. The MACD of -1.50 indicates Negative momentum. The RSI at 47.35 is Neutral, neither overbought nor oversold. The STOCH value of 54.51 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:DYNPRO.

Dynemic Products Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
DYNPRO	61 Neutral	₹2.84B	15.56	―	―	13.70%	45.64%
DICIND	60 Neutral	₹4.77B	27.47	―	0.82%	1.34%	283.51%
LORDSCHLO	54 Neutral	₹3.08B	11.54	―	―	39.31%	―
GENUSPAPER	50 Neutral	₹3.15B	33.46	―	―	23.58%	154.81%
ARCHIDPLY	49 Neutral	₹1.59B	33.61	―	―	35.50%	―
KANORICHEM	45 Neutral	₹2.97B	-6.62	―	―	-1.30%	-27.85%