DSSL

Dynacons Systems & Solutions share price & financials

Price
₹1,449.3
Market cap
₹1.4k Cr
Sector
Information Technology
Calls analysed
3
Latest concall · Q1 FY27 · call held 14 Aug 2026

Dynacons Systems & Solutions Limited Q1 FY27

Revenue from Operations ₹313 cr −5%EBITDA ₹40 cr Profit After Tax ₹20 cr EPS ₹15.54

What went well

  • Strong order inflows of INR 1167 crores, including a INR 750 crores mandate from RBI and INR 267 crores from NPCI.
  • EBITDA for the quarter increased to INR 40 crores, reflecting continued discipline and favorable business mix.
  • Order book stands at approximately INR 3,104 crores, providing strong visibility for future execution.

What to watch

  • Revenue from operations for Q1 FY27 stood at INR 313 crores, a decline from INR 328 crores in Q1 FY26, representing a 4.57% YoY decrease.
  • Revenue impact was due to extended delivery lead-times and OEM/supply chain issues, deferring execution and revenue recognition.
Read the full call →

What Dynacons Systems & Solutions Limited does

Dynacons Systems & Solutions Ltd. is a Mumbai-headquartered IT systems integrator (incorporated 1995) that designs, deploys and manages enterprise technology infrastructure — data centre and cloud, networking and security, digital workplace, and IT managed services — for BFSI, public-sector and large enterprise customers across India. It earns by winning and executing large infrastructure and managed-services contracts (e.g., core banking as a service, SD-WAN rollouts, device-as-a-service, cloud/data-centre modernization) for banks, PSUs and global enterprises, acting as a top-tier implementation partner for global OEMs such as Dell, Lenovo, VMware, Nutanix, Cisco, Microsoft, Oracle, HPE and Apple rather than making its own hardware. Delivery runs through its own engineering workforce, a nationwide service network and centralized Network Operations Centre (NOC) and Security Operations Centre (SOC), with the business increasingly shifting from one-time hardware/project sales toward recurring "as-a-service" and managed-services engagements.

Segments

  • Data Centre and Cloud Infrastructure
  • Networking and Security
  • Digital Workspace Solutions
  • IT Managed Services
Employees
1000+
Locations covered (nationwide delivery footprint)
1300+
Technically skilled engineers
>80% of workforce
Core solution segments
4
Quality & process certifications
ISO 9001:2015, ISO 20000-1:2018, ISO 27001:2022, CMMI Maturity Level 5
Top-tier OEM/technology partnerships
Apple, Microsoft, Cisco, Oracle, HP Enterprise, Dell, Lenovo, VMware, Nutanix (among others)
Founded 1995Headquarters Mumbai, Maharashtra, India Company website

Guidance record · Q1 FY27

what the last two calls moved 5 tracked 1 delivered 0 missed 4 open
  • EBITDA Margin delivered said Q4 FY26 Promised: Maintain margins around the current levels (FY26: 10.2%) by driving operating efficiencies and a richer services mix. Q1 FY27: Q1 FY27 EBITDA margin was 12.8% (₹40 cr EBITDA on ₹313 cr revenue), significantly exceeding the FY26 level of 10.2%. Management attributed this to a better business mix and expects the trend of margin improvement to continue.
  • Revenue Growth at risk said Q4 FY26 Promised: Maintain a strong growth trajectory. Q1 FY27: Revenue declined 4.57% YoY to ₹313 crores. Management attributed this to timing-related delivery delays and supply chain issues, viewing it as a temporary issue. However, the result contradicts the goal of maintaining a strong growth trajectory for this quarter.
  • Managed Services & Annuity Revenue Share on track said Q3 FY26 Promised: Grow very significantly from current 21% over a period of time Q1 FY27: Management stated margin improvement was driven by a better business mix and higher contribution from value-added infrastructure and managed services. The 'As-a-Service' business has grown significantly, requiring asset investments backed by contracted revenue. This indicates continued progress on increasing the share of recurring/annuity business.

All 5 tracked — every revision, and every one management stopped mentioning.

Open the guidance ledger

Quarterly results

Q1 FY27: revenue down 5.5%, net profit up 0.0% against the same quarter last year.

₹ Cr · quarterly
Line itemQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Revenue306 309 331 329 352 +15%340 +10%402 +21%311 −5%
EBITDA26 29 29 32 37 +42%41 +41%36 +24%40 +25%
Net profit18 18 18 20 23 +28%23 +28%19 +6%20 +0%
How to read this

₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.

Performance +8.6% 1Y

₹1.0k₹1.5kSept 25Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Q3 FY26 — 19 Feb 2026Q4 FY26 — 2 Jun 2026Q1 FY27 — 14 Aug 2026

1Y: ₹975.1 on 10 Sept 2025 → ₹1,059.1. High ₹1,895.1 (25 May 2026), low ₹784.85 (30 Mar 2026).

How the price took the results

close before → close after

Q1 FY27
−5.0%
14 Aug
Q4 FY26
−4.4%
2 Jun
Q3 FY26
−1.5%
19 Feb

The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.

Financials, as filed

Revenue grew 20.9% a year over 3 years, FY23 to FY26. Operating margin widened to 10.3%.

Year endingFY23FY24FY25FY26
Revenue₹805 Cr₹1.0k Cr₹1.3k Cr₹1.4k Cr
Operating profit₹55 Cr₹79 Cr₹109 Cr₹146 Cr
Operating margin6.8%7.7%8.6%10.3%
Interest₹12 Cr₹8 Cr₹13 Cr₹23 Cr
Depreciation₹0 Cr₹0 Cr₹5 Cr₹14 Cr
Net profit₹34 Cr₹54 Cr₹72 Cr₹85 Cr
Net margin4.2%5.3%5.7%6.0%
Cash from operations₹15 Cr₹29 Cr₹64 Cr₹46 Cr
Free cash flow₹14 Cr₹29 Cr₹37 Cr₹3 Cr
ROCE36.0%44.0%39.0%30.0%
How to read this

From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.

Balance sheet

Year endingFY21FY22FY23FY24FY25FY26
Equity capital₹10 Cr₹11 Cr₹13 Cr₹13 Cr₹13 Cr₹13 Cr
Reserves₹39 Cr₹57 Cr₹92 Cr₹145 Cr₹260 Cr₹302 Cr
Borrowings₹44 Cr₹64 Cr₹69 Cr₹36 Cr₹174 Cr₹237 Cr
Other liabilities₹88 Cr₹167 Cr₹229 Cr₹394 Cr₹430 Cr₹458 Cr
Total liabilities₹181 Cr₹299 Cr₹402 Cr₹587 Cr₹876 Cr₹1.0k Cr
Fixed assets₹6 Cr₹6 Cr₹7 Cr₹6 Cr₹86 Cr₹158 Cr
Capital work in progress₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr
Investments₹0 Cr₹1 Cr₹1 Cr₹1 Cr₹1 Cr₹1 Cr
Other assets₹174 Cr₹292 Cr₹395 Cr₹581 Cr₹790 Cr₹851 Cr
Total assets₹181 Cr₹299 Cr₹402 Cr₹587 Cr₹876 Cr₹1.0k Cr
How to read this

As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.

Who owns it

As disclosed at Jun 2026

Since Jun 2025, FIIs added +0.91 pp while the public trimmed −0.89 pp. The shareholder count shrank 1% to 41,418.

Promoters
60.9%
FIIs
1.1%
DIIs
0.3%
Public
37.7%

Since Jun 2025

  • FIIs +0.91 pp
  • Public −0.89 pp
  • Promoters −0.06 pp

How it drifted, 12 quarters

Over this window the public fell from 38.9% to 37.7% — −1.2 pp.

Sep '23Dec '24Jun '26

Ownership split by quarter, oldest first. Sep '23: Promoters 61.1%, Public 38.9%.Dec '23: Promoters 61.1%, Public 38.9%.Mar '24: Promoters 61.0%, FIIs 0.1%, DIIs 0.2%, Public 38.7%.Jun '24: Promoters 61.0%, FIIs 0.0%, DIIs 0.2%, Public 38.8%.Sep '24: Promoters 61.0%, FIIs 0.0%, Public 39.0%.Dec '24: Promoters 61.0%, FIIs 0.8%, Public 38.2%.Mar '25: Promoters 61.0%, FIIs 0.2%, DIIs 0.3%, Public 38.6%.Jun '25: Promoters 61.0%, FIIs 0.2%, DIIs 0.2%, Public 38.6%.Sep '25: Promoters 61.0%, FIIs 0.3%, DIIs 0.1%, Public 38.6%.Dec '25: Promoters 61.0%, FIIs 0.3%, DIIs 0.3%, Public 38.5%.Mar '26: Promoters 60.9%, FIIs 0.4%, DIIs 0.3%, Public 38.5%.Jun '26: Promoters 60.9%, FIIs 1.1%, DIIs 0.3%, Public 37.7%.

Who was buying across the market this quarter →

Who bought this quarter

since Mar 2026

Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.

The same filing shows 0 holders trimming and 1 off the list — both are in the register beside this.

Who is on the register

Named in the Jun 2026 filing

Every holder of Dynacons Systems & Solutions Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.

HolderStakeChange
Trigem Infosolutions Limited 16.38%unchanged
Shirish Mansinh Anjaria 9.11%unchanged
Parag Jitendra Dalal 8.57%unchanged
Dharmesh Shirish Anjaria 7.51%unchanged
Nilam Shirish Anjaria 4.12%unchanged
Parag Jitendra Dalal HUF 3.69%unchanged
Shirish Mansinh Anjaria HUF 3.25%unchanged
Dharmesh Shirish Anjaria HUF 3.22%unchanged
Jigna Dharmesh Anjaria 2.29%unchanged
Devangi Parag Dalal 2.12%unchanged
Panchal Bhavinkumar Ramanlal 1.00%newly disclosed
Pankti Dalal 0.31%unchanged

A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.

What the price assumes

Attractive

To justify its price of ₹1059, this stock must grow earnings at 9% every year for 7 years. Our analysis caps realistic growth at ~35%. At that growth it is worth ₹4091 — upside of 286%.

Growth the price implies
8.7% a year
for 7 years, fading to 4%
It has actually compounded at
35.7% a year
net profit, FY23–FY26 · EPS 35.3%
The gap
-0.3 pp
286% downside if it only repeats history
Price today ₹1,059.1 Value at the reference growth ₹4,090.74

Change the assumptions yourself →

All earnings calls (3)

Read the Q1 FY27 call →

Learn to analyse Dynacons Systems & Solutions Limited

Guides on how to read this kind of business and the numbers that matter.