DYNAMATECH
Dynamatic Technologies share price & financials
- Price
- ₹10,923
- Market cap
- ₹8.2k Cr
- Sector
- Capital Goods
- Calls analysed
- 1
Dynamatic Tech. Investor Meeting Analysis (Feb 2024)
Dynamatic Technologies holds a significant market share in hydraulic gear pumps, with 'one out of three tractors made anywhere in the world' using their pumps.
Read the full call →What Dynamatic Technologies Limited does
Dynamatic Technologies is a diversified industrial manufacturer operating across Hydraulics, Aerospace and Metallurgy, with vertically integrated design, casting/forging and precision-machining capabilities spanning India, the UK, Germany and the USA. Its Hydraulics business is one of the world's largest makers of hydraulic gear pumps and valves, supplying tractor, off-highway-vehicle and construction-equipment OEMs. Its Aerospace unit is a Tier-1 supplier of flight-critical airframe structures, doors and complex machined parts to global OEMs including Airbus, Boeing, Bell Helicopter, Dassault Aviation and HAL. Its Metallurgy arm, run through its German foundry Eisenwerk Erla, produces high-precision ferrous castings and forgings for turbochargers and exhaust systems used by automotive majors such as BMW, Daimler and Audi.
Segments
- Aerospace
- Hydraulics
- Metallurgy
- Manufacturing facilities
- 8 facilities across India (Bangalore, Coimbatore), UK (Swindon, Bristol), Germany (Schwarzenberg) and USA (Milwaukee)
- Hydraulic gear pump market position
- One of the world's largest manufacturers, with 50+ years of market leadership
- Share of India's organized tractor market (hydraulic pumps)
- ~70%
- Share of global tractor market (hydraulic pumps)
- ~38%
- Annual hydraulic pump production
- ~1 million units/year from 3 Bangalore plants
- Geographic customer reach
- Customers across six continents
Guidance record · Q3 FY24
what the last two calls moved 2 tracked 0 delivered 0 missed 2 open- DML Parts Business Growth open said Q3 FY24 Promised: Very high growth area in the next 3-4 years Q3 FY24: Management stated order book is already 2-3 times what was produced for internal use.
All 2 tracked — every revision, and every one management stopped mentioning.
Open the guidance ledgerQuarterly results
Q1 FY27: revenue up 12.8%, net profit down 35.6% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 167 | 151 | 173 | 178 | 183 +9% | 218 +45% | 206 +19% | 200 +13% |
| EBITDA | 29 | 30 | 20 | 29 | 30 +3% | 30 +2% | 23 +15% | 28 −5% |
| Net profit | 21 | 10 | 10 | 15 | 15 −30% | 4 −60% | 10 +1% | 10 −36% |
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 +80.4% 1Y
1Y: ₹6,706 on 10 Sept 2025 → ₹12,097. High ₹12,530 (8 May 2026), low ₹6,681.5 (11 Sept 2025).
Financials, as filed
Revenue fell 10.6% a year over 3 years, FY23 to FY26. Operating margin held at 14.4%.
| Year ending | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue | ₹1.1k Cr | ₹582 Cr | ₹639 Cr | ₹784 Cr |
| Operating profit | ₹163 Cr | ₹111 Cr | ₹106 Cr | ₹113 Cr |
| Operating margin | 14.8% | 19.1% | 16.6% | 14.4% |
| Interest | ₹62 Cr | ₹50 Cr | ₹43 Cr | ₹44 Cr |
| Depreciation | ₹58 Cr | ₹24 Cr | ₹25 Cr | ₹27 Cr |
| Net profit | ₹35 Cr | ₹94 Cr | ₹51 Cr | ₹44 Cr |
| Net margin | 3.2% | 16.2% | 7.9% | 5.7% |
| Cash from operations | ₹94 Cr | ₹79 Cr | ₹93 Cr | ₹49 Cr |
| Free cash flow | ₹32 Cr | ₹52 Cr | ₹67 Cr | ₹16 Cr |
| ROCE | 11.0% | 10.0% | 10.0% | 11.0% |
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 ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹6 Cr | ₹6 Cr | ₹7 Cr | ₹7 Cr | ₹7 Cr | ₹7 Cr |
| Reserves | ₹329 Cr | ₹367 Cr | ₹503 Cr | ₹594 Cr | ₹758 Cr | ₹678 Cr |
| Borrowings | ₹515 Cr | ₹449 Cr | ₹460 Cr | ₹375 Cr | ₹594 Cr | ₹411 Cr |
| Other liabilities | ₹159 Cr | ₹185 Cr | ₹201 Cr | ₹197 Cr | ₹400 Cr | ₹255 Cr |
| Total liabilities | ₹1.0k Cr | ₹1.0k Cr | ₹1.2k Cr | ₹1.2k Cr | ₹1.8k Cr | ₹1.4k Cr |
| Fixed assets | ₹252 Cr | ₹235 Cr | ₹215 Cr | ₹324 Cr | ₹857 Cr | ₹325 Cr |
| Capital work in progress | ₹3 Cr | ₹11 Cr | ₹71 Cr | ₹1 Cr | ₹21 Cr | ₹32 Cr |
| Investments | ₹338 Cr | ₹338 Cr | ₹348 Cr | ₹377 Cr | ₹0 Cr | ₹398 Cr |
| Other assets | ₹416 Cr | ₹423 Cr | ₹536 Cr | ₹470 Cr | ₹881 Cr | ₹596 Cr |
| Total assets | ₹1.0k Cr | ₹1.0k Cr | ₹1.2k Cr | ₹1.2k Cr | ₹1.8k Cr | ₹1.4k 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, DIIs added +3.00 pp while FIIs trimmed −2.95 pp. The shareholder count grew 30% to 25,288.
- Promoters
- 41.5%
- FIIs
- 10.3%
- DIIs
- 15.9%
- Public
- 32.4%
Since Jun 2025
- DIIs +3.00 pp
- FIIs −2.95 pp
- Promoters −0.37 pp
How it drifted, 12 quarters
Over this window FIIs fell from 16.7% to 10.3% — −6.4 pp.
Ownership split by quarter, oldest first. Sep '23: Promoters 41.9%, FIIs 16.7%, DIIs 11.0%, Public 30.4%.Dec '23: Promoters 41.9%, FIIs 16.8%, DIIs 11.4%, Public 29.9%.Mar '24: Promoters 41.9%, FIIs 16.5%, DIIs 11.4%, Public 30.2%.Jun '24: Promoters 41.9%, FIIs 17.1%, DIIs 11.2%, Public 29.8%.Sep '24: Promoters 41.9%, FIIs 13.9%, DIIs 12.9%, Public 31.2%.Dec '24: Promoters 41.9%, FIIs 13.3%, DIIs 13.3%, Public 31.5%.Mar '25: Promoters 41.9%, FIIs 13.3%, DIIs 13.5%, Public 31.3%.Jun '25: Promoters 41.9%, FIIs 13.2%, DIIs 12.9%, Public 32.1%.Sep '25: Promoters 41.9%, FIIs 12.2%, DIIs 13.8%, Public 32.1%.Dec '25: Promoters 41.9%, FIIs 10.3%, DIIs 15.3%, Public 32.5%.Mar '26: Promoters 41.5%, FIIs 10.1%, DIIs 15.6%, Public 32.8%.Jun '26: Promoters 41.5%, FIIs 10.3%, DIIs 15.9%, Public 32.4%.
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.
- HDFC Trustee Company Limited - HDFC Infrastructure Mutual fund newly disclosed 5.32% held
- Whiteoak Capital Equity Savings Fund Mutual fund newly disclosed 1.58% held
- Motilal Oswal BSE 1000 Index Fund Mutual fund newly disclosed 1.11% held
The same filing shows 1 holder trimming and 4 off the list — both are in the register beside this.
Who is on the register
Named in the Jun 2026 filing
Every holder of Dynamatic Technologies Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Jkm Holdings Private Limited | 16.38% | unchanged |
| Udayant Malhoutra And Company Private Limited | 9.45% | unchanged |
| Udayant Malhoutra | 7.71% | unchanged |
| Jkm Offshore India Pvt Ltd | 6.51% | unchanged |
| HDFC Trustee Company Limited - HDFC Infrastructure Mutual fund | 5.32% | newly disclosed |
| Al Mehwar Commercial Investments L.L.C. - (Noosa) Sovereign | 3.27% | unchanged |
| Abakkus Emerging Opportunities Fund-1 AIF | 2.94% | unchanged |
| Cohesion Mk Best Ideas Sub-Trust FPI fund | 2.09% | −0.12 pp |
| Whiteoak Capital Equity Savings Fund Mutual fund | 1.58% | newly disclosed |
| Neha Sanghvi | 1.21% | unchanged |
| Lashit Sanghvi | 1.21% | unchanged |
| Motilal Oswal BSE 1000 Index Fund Mutual fund | 1.11% | newly disclosed |
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.
Mutual funds in DYNAMATECH
Filings to Jul 2026
0 new, 0 added, 0 trimmed, 0 sold out — net +0.00 L shares (+0.0%).
- Held by funds
- ₹374 Cr
- 2 schemes
- Biggest holder
- HDFC Balanced Advantage Fund
- ₹360 Cr · 0.3% of that fund
| Scheme | Holding | Last month | Held since |
|---|---|---|---|
| HDFC Balanced Advantage Fund HDFC Mutual Fund | ₹360 Cr | held | Dec '22 |
| HDFC Infrastructure Fund HDFC Mutual Fund | ₹14 Cr | held | Dec '22 |
HDFC, Nippon India and SBI schemes, from their monthly disclosures. Changes are counted in shares, so a price move never looks like buying or selling.
Mutual funds Jul 2026
0 added, 0 trimmed — net 0 shares (+0.0%)
- Funds are sitting on
- +350%
- vs est. average cost
- Held by funds
- ₹374 Cr
- 2 schemes · ≈ 4.8% of the company
- Biggest holder
- HDFC Balanced Advantage Fund
- ₹360 Cr · 0.3% of that fund
Shares held by these funds −8%
Aug '23 3.62 L shares Jul '26
What the price assumes
Growth trapTo justify its price of ₹12097, this stock must grow earnings at 67% every year for 7 years. Our analysis caps realistic growth at ~8%. At that growth it is worth ₹738 — downside of 94%.
- Growth the price implies
- 67.1% a year
- for 7 years, fading to 4%
- It has actually compounded at
- 8.2% a year
- net profit, FY23–FY26 · EPS 7.7%
- The gap
- 0.6 pp
- -94% downside if it only repeats history
Learn to analyse Dynamatic Technologies Limited
Guides on how to read this kind of business and the numbers that matter.