NSE: DYNAMIC
DYNAMIC SRVCS & SEC LTD
Provides contractual manpower services, which accounted for 67% of FY26 segment revenue at ₹328.82 crore, with a Sales segment making up the remaining 33% at ₹162.10 crore. The Manpower segment (also referred to as "Manpower & Other Contractual Services" in earlier filings) carries higher operating profit at ₹92.47 crore versus ₹69.35 crore for Sales, indicating both segments are profitable but the manpower side is more profitable on an absolute basis. A third segment, Transport, is reported but contributes zero revenue and zero operating profit. The cost structure is dominated by other operating expenses at 29.5% of revenue, with materials at 12.8% and employee costs at 12.2%, and capex running at 23% of revenue. FY26 total revenue was ₹490.92 crore with a net profit of ₹46.81 crore and an EBITDA margin of 16.41%. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Manpower (67%), Sales (33%), Transport (0%). Services-led business with two active segments and high capex intensity
Exhibit 1: Financial summary, FY25–FY26 (all audited; no estimate years)
| ₹ crore · consolidated | FY25 | FY26 |
|---|---|---|
| Revenue | 275 | 491 |
| EBITDA (ex other income) | 36 | 78 |
| margin % | 13.3 | 15.9 |
| Owners' profit | 21 | 43 |
| EPS, as reported (₹) | 7.21 | 19.90 |
| ROE % · ROCE % | 8.8 · 14.2 | 13.2 · 19.8 |
| Debt / equity (x) | 0.50 | 0.66 |
| Cash from operations | 21 | 2 |
| Capex | (52) | (113) |
Exhibit 2: Quarterly performance, last 3 quarters
| ₹ crore | Q4 FY25 | Q2 FY26 | Q4 FY26 |
|---|---|---|---|
| Revenue | 201 | 146 | 345 |
| Profit before tax | 21 | 19 | 47 |
| Net profit | 14 | 14 | 33 |
| EPS (₹) | 2.55 | 5.91 | 14.00 |
Exhibit 3: Segment revenue, FY26
| Segment | Revenue, ₹ crore | Share % |
|---|---|---|
| Manpower | 329 | 67.0 |
| Sales | 162 | 33.0 |
| Total, before eliminations | 491 | 100.0 |
Exhibit 4: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 8 Oct 2026 · Wins Rs 1 Cr housekeeping contract from Commercial Tax Directorate | business updates | low | — | — |
| 6 Oct 2026 · Bharat Battery subsidiary wins railway order worth around Rs 56 lakh | business updates | high | — | — |
| 5 Oct 2026 · Subsidiary bags railway battery order worth about Rs 16.22 lakh | business updates | medium | — | — |
| 3 Oct 2026 · Wins Rs 85 lakh security contract from Health Dept Darjeeling | business updates | low | — | — |
| 1 Oct 2026 · AGM voting results: all 6 resolutions passed with 100 percent in favor | board shareholder meetings | low | — | — |
| 30 Sept 2026 · Scrutinizer Report for 10th AGM filed; all 6 resolutions passed with 100% approval | compliance | minimal | — | — |
| 30 Sept 2026 · Director re-appointed and new statutory auditor appointed for 5 years | management changes | medium | — | — |
| 30 Sept 2026 · New Auditor Appointed, Director Re-appointed at AGM | management changes | medium | — | — |
| 30 Sept 2026 · Dynamic Services 10th AGM held on Sept 30, six resolutions passed | board shareholder meetings | medium | — | — |
| 28 Sept 2026 · Trading window closed from October 1 ahead of H2 FY26 results | compliance | minimal | — | — |
How to read this document
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions | an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
Sources, method and disclosures
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.