DSSL

Dynacons Systems & Solutions Limited

Dynacons Systems & Solutions Limited (DSSL) financial statements and selected valuation metrics through 30 June 2026.

Information Technology›Information Technology›IT - Services›IT Enabled Services

dynacons.com(opens the company website in a new tab)
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Key metrics

Price as of 2026-10-16

Stock price
₹1032.85
Market cap
1,312 Cr
Stock P/E
15.5
P/B
4.16
Dividend yield
0.0%
ROE (FY26)
26.9%
ROCE (FY26)
34.6%
Operating margin (FY26)
9.2%
Debt / equity (FY26)
0.26
OCF / EBITDA (FY26)
31.6%
OCF / EBITDA (3Y)
43.0%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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Compare with peers

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What you need to know

DSSL (Dynacons Systems & Solutions) is a system integrator that designs and delivers IT infrastructure projects (data centres and cloud, networking and security, workplace solutions and managed services) for large banks and financial institutions, global enterprises and public-sector bodies in India.

Company snapshot

26thBy market cap

Ranked among 56 companies in IT Enabled Services.

Segment mix

Reportable segments as of 2024-12-31 (Consolidated). Revenue share = segment revenue ÷ total revenue.

Largest segment: 99.0% of revenue

SegmentRevenue shareRevenuePBTAssets
System Integration
99.0%
308 Cr27 Cr0 Cr
Technology Workforce Augmentation Services
1.0%
3 Cr2 Cr0 Cr

What we see

Positives
  • ✓Debt-to-equity of 0.26x — the company is largely funded by its own money, not borrowed funds.
Concerns
  • ✗Only 43% of operating profit came in as cash over the last three years — much of it is tied up in unpaid bills or stock.
1 more signal from the filings.Sign in free to see them all

Statement tables · Consolidated

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales220 Cr227 Cr282 Cr321 Cr306 Cr311 Cr329 Cr329 Cr352 Cr341 Cr402 Cr314 Cr
Operating expenses (approx.)201 Cr208 Cr263 Cr296 Cr281 Cr282 Cr299 Cr297 Cr315 Cr300 Cr366 Cr273 Cr
EBITDA19 Cr19 Cr19 Cr25 Cr26 Cr29 Cr29 Cr32 Cr37 Cr41 Cr36 Cr40 Cr
OPM %8.6%8.4%6.9%7.7%8.3%9.3%9.0%9.7%10.6%11.9%9.0%12.8%
Other income0.74 Cr1 Cr2 Cr1 Cr2 Cr1 Cr2 Cr0.92 Cr1 Cr1 Cr2 Cr2 Cr
Interest2 Cr2 Cr2 Cr2 Cr2 Cr3 Cr6 Cr5 Cr5 Cr6 Cr7 Cr7 Cr
Depreciation0.38 Cr0.38 Cr0.38 Cr0.35 Cr2 Cr2 Cr0.53 Cr1 Cr3 Cr4 Cr6 Cr8 Cr
Profit before tax17 Cr18 Cr19 Cr24 Cr24 Cr25 Cr25 Cr26 Cr31 Cr31 Cr25 Cr26 Cr
Tax %26.6%26.1%24.2%25.4%24.3%25.3%26.5%25.2%26.3%25.3%25.3%25.2%
Net profit13 Cr13 Cr14 Cr18 Cr18 Cr18 Cr18 Cr20 Cr23 Cr23 Cr19 Cr20 Cr
EPS (₹)₹9.91₹10.36₹11.11₹13.85₹14.34₹14.43₹14.30₹15.44₹17.82₹18.46₹14.92₹15.54

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales158 Cr214 Cr311 Cr329 Cr436 Cr654 Cr804 Cr1,024 Cr1,267 Cr1,424 CrSign in free for the trailing twelve months
Operating expenses (approx.)154 Cr207 Cr299 Cr314 Cr417 Cr624 Cr750 Cr946 Cr1,162 Cr1,278 CrSign in free for the trailing twelve months
EBITDA4 Cr7 Cr12 Cr14 Cr18 Cr30 Cr55 Cr78 Cr105 Cr146 CrSign in free for the trailing twelve months
OPM %2.7%3.1%3.9%4.4%4.2%4.7%6.8%7.6%8.3%10.2%Sign in free for the trailing twelve months
Other income0.54 Cr0.83 Cr1 Cr2 Cr1 Cr2 Cr2 Cr4 Cr7 Cr6 CrSign in free for the trailing twelve months
Interest3 Cr4 Cr5 Cr8 Cr7 Cr9 Cr11 Cr9 Cr13 Cr23 CrSign in free for the trailing twelve months
Depreciation0.61 Cr0.76 Cr0.72 Cr1 Cr1 Cr1 Cr1 Cr2 Cr2 Cr15 CrSign in free for the trailing twelve months
Profit before tax2 Cr3 Cr7 Cr8 Cr11 Cr22 Cr45 Cr72 Cr97 Cr114 CrSign in free for the trailing twelve months
Tax %25.2%31.4%30.0%24.5%25.5%25.4%25.1%25.3%25.4%25.6%Sign in free for the trailing twelve months
Net profit1 Cr2 Cr5 Cr6 Cr9 Cr16 Cr33 Cr54 Cr72 Cr85 CrSign in free for the trailing twelve months
EPS (₹)₹2.03₹3.22₹6.42₹6.23₹9.33₹15.36₹27.78₹42.41₹57.01₹66.64Sign in free for the trailing twelve months
Dividend payout %————5.4%3.1%1.6%1.2%0.9%0.8%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital6 Cr7 Cr9 Cr9 Cr10 Cr11 Cr13 Cr13 Cr13 Cr13 Cr
Reserves14 Cr16 Cr23 Cr28 Cr39 Cr57 Cr92 Cr145 Cr218 Cr302 Cr
Borrowings20 Cr35 Cr35 Cr35 Cr38 Cr62 Cr65 Cr33 Cr52 Cr81 Cr
Other liabilities13 Cr11 Cr32 Cr51 Cr93 Cr169 Cr232 Cr397 Cr494 Cr616 Cr
Total liabilities53 Cr70 Cr99 Cr123 Cr181 Cr299 Cr403 Cr587 Cr777 Cr1,013 Cr
Fixed assets (net)3 Cr3 Cr0 Cr0 Cr4 Cr4 Cr0 Cr3 Cr8 Cr68 Cr
CWIP———————0.26 Cr24 Cr3 Cr
Investments0.01 Cr0.0089 Cr0 Cr0.01 Cr0 Cr0 Cr0 Cr0 Cr0.79 Cr0.78 Cr
Loans & advances——0.27 Cr0.14 Cr0.20 Cr0.13 Cr0.35 Cr0.62 Cr4 Cr4 Cr
Inventories9 Cr14 Cr17 Cr9 Cr42 Cr71 Cr37 Cr73 Cr58 Cr16 Cr
Trade receivables28 Cr40 Cr60 Cr84 Cr102 Cr176 Cr301 Cr402 Cr437 Cr602 Cr
Cash & bank8 Cr7 Cr19 Cr17 Cr10 Cr9 Cr16 Cr3 Cr35 Cr13 Cr
Other assets4 Cr6 Cr4 Cr13 Cr23 Cr39 Cr48 Cr105 Cr212 Cr307 Cr
Total assets53 Cr70 Cr99 Cr123 Cr181 Cr299 Cr403 Cr587 Cr777 Cr1,013 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity4 Cr-13 Cr3 Cr4 Cr9 Cr-13 Cr13 Cr29 Cr66 Cr46 Cr
Cash from investing-0.30 Cr-0.58 Cr-0.37 Cr-0.05 Cr-3 Cr-1 Cr-0.30 Cr-0.54 Cr-28 Cr-44 Cr
Cash from financing-1 Cr13 Cr-2 Cr-8 Cr-0.45 Cr14 Cr-5 Cr-42 Cr-6 Cr-24 Cr
Net cash flow3 Cr-0.85 Cr0.78 Cr-4 Cr6 Cr-0.90 Cr7 Cr-13 Cr32 Cr-22 Cr
Free cash flow (OCF − Capex)4 Cr-13 Cr3 Cr4 Cr7 Cr-16 Cr13 Cr29 Cr61 Cr-19 Cr

Ratios

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %10.5%11.3%18.8%21.0%21.2%23.9%32.6%42.4%39.0%34.6%
ROE %5.9%9.0%16.2%15.4%17.2%24.2%31.9%34.1%31.3%26.9%
Debtor days666770938598136143125154
Inventory days2127201035422029195
Days payable161232486795119150132140
Cash conversion cycle71835855544537221319
OCF / EBITDA %n.m.-198.1%27.0%29.7%49.2%-43.9%24.0%37.5%62.7%31.6%
OCF / EBITDA % (3 years)——-22.7%-16.2%37.0%0.0%8.5%17.8%45.6%43.0%
Debt / equity0.981.511.100.950.760.910.620.210.220.26
Current ratio1.611.491.471.441.411.351.421.391.361.35
Net debt / EBITDA2.78—1.341.221.531.740.900.390.160.47