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Dynacons Systems & Solutions Ltd.
(DSSL)
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Rating:58Neutral
Price Target:
₹1,097.00
▲(9.17% Upside)
Action:Reiterated
Date:09/06/26
The score is held back mainly by weak cash-flow quality (negative 2026 free cash flow and low operating cash flow versus net income) and a clear bearish technical setup (price below key moving averages with negative MACD). These risks are partially offset by strong multi-year profitability improvements and a reasonable valuation with a ~4.7% dividend yield.
Positive Factors
Sustained Revenue Expansion
Strong multi-year revenue expansion indicates that DSSL has increased its business scale and maintained demand for its IT infrastructure and services. Continued growth supports operating leverage, broader customer reach, and the potential for further earnings development over the next several quarters.
Negative Factors
Weak Cash Conversion
The large gap between reported earnings and operating cash flow, combined with negative free cash flow, signals weak cash conversion in the latest period. Heavy working-capital needs or elevated spending could constrain internally funded growth and reduce financial flexibility.
Read all positive and negative factors
Positive Factors
Negative Factors
Sustained Revenue Expansion
Strong multi-year revenue expansion indicates that DSSL has increased its business scale and maintained demand for its IT infrastructure and services. Continued growth supports operating leverage, broader customer reach, and the potential for further earnings development over the next several quarters.
Read all positive factors
Dynacons Systems & Solutions Ltd. (DSSL) vs. iShares MSCI India ETF (INDA)
Market Cap
₹13.49B
Dividend Yield0.05%
Average Volume (3M)2.59K
Price to Earnings (P/E)15.9
Beta (1Y)1.55
Revenue Growth10.51%
EPS Growth13.87%
CountryIN
Employees1,154
SectorGeneral
Sector StrengthN/A
IndustryInformation Technology Services
Share Statistics
EPS (TTM)66.68
Shares Outstanding12,737,080
10 Day Avg. Volume2,624
30 Day Avg. Volume2,588
Financial Highlights & Ratios
PEG Ratio0.70
Price to Book (P/B)3.17
Price to Sales (P/S)0.70
P/FCF Ratio-23.72
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Dynacons Systems & Solutions Ltd. Business Overview & Revenue Model
Company Description
Established in Mumbai, India, in 1995, Dynacons Systems & Solutions Limited operates as a prominent IT service provider, serving clients across India and through exports. The company specializes in a comprehensive range of technology solutions. Th...
How the Company Makes Money
DSSL primarily makes money by selling and implementing IT infrastructure solutions and by providing ongoing IT services/managed services. Key revenue streams include: (1) Product/solution sales as part of systems integration projects—revenue gener...
Dynacons Systems & Solutions Ltd. Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
62
Positive
Cash Flow
38
Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 14.09B | 14.24B | 12.67B | 10.24B | 8.04B | 6.54B |
| Gross Profit | 1.63B | 1.55B | 1.18B | 918.75M | 681.39M | 394.67M |
| EBITDA | 1.58B | 1.52B | 1.12B | 824.57M | 569.66M | 307.79M |
| Net Income | 848.00M | 847.35M | 723.95M | 538.19M | 334.54M | 164.29M |
Balance Sheet | ||||||
| Total Assets | 0.00 | 10.13B | 7.77B | 5.87B | 4.03B | 2.99B |
| Cash, Cash Equivalents and Short-Term Investments | 1.12B | 1.12B | 1.32B | 28.63M | 162.92M | 22.36M |
| Total Debt | 0.00 | 2.37B | 1.39B | 357.68M | 686.28M | 641.45M |
| Total Liabilities | -3.15B | 6.98B | 5.46B | 4.30B | 2.98B | 2.31B |
| Stockholders Equity | 3.15B | 3.15B | 2.31B | 1.58B | 1.05B | 679.72M |
Cash Flow | ||||||
| Free Cash Flow | -82.17M | -420.72M | 368.71M | 287.00M | 128.27M | -157.76M |
| Operating Cash Flow | 97.39M | 229.33M | 660.42M | 292.47M | 131.29M | -133.57M |
| Investing Cash Flow | -179.56M | -435.47M | -279.46M | -5.38M | -3.01M | -11.71M |
| Financing Cash Flow | -164.48M | -11.94M | -62.69M | -421.38M | -53.71M | 136.30M |
Dynacons Systems & Solutions Ltd. Technical Analysis
Negative
1004.90
Price Trends
1173.51
Negative
1270.65
Negative
1107.15
Negative
Market Momentum
-43.42
Negative
42.61
Neutral
52.12
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:DSSL, the sentiment is Negative. The current price of 1004.9 is below the 20-day moving average (MA) of 1067.89, below the 50-day MA of 1173.51, and below the 200-day MA of 1107.15, indicating a bearish trend. The MACD of -43.42 indicates Negative momentum. The RSI at 42.61 is Neutral, neither overbought nor oversold. The STOCH value of 52.12 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:DSSL.
Dynacons Systems & Solutions Ltd. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
83 Outperform | ₹13.78B | 10.51 | ― | 12.37% | 10.42% | 38.06% | |
75 Outperform | ₹15.13B | 13.65 | ― | 0.12% | 13.54% | -45.70% | |
70 Outperform | ₹13.20B | 39.33 | ― | ― | 21.58% | 18.83% | |
61 Neutral | ₹3.41B | 8.71 | ― | 4.39% | 35.17% | 9.87% | |
59 Neutral | ₹19.43B | 16.73 | ― | 0.07% | 20.90% | 81.93% | |
58 Neutral | ₹13.49B | 15.88 | ― | 0.05% | 10.51% | 13.87% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
IN:DSSL
Dynacons Systems & Solutions Ltd.
1,058.90
92.42
9.56%
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Dynacons Systems & Solutions Ltd. Corporate Events
Dynacons wins Rs 125.88 crore Central Bank of India cloud and GPU infrastructure mandate
Jun 8, 2026
Dynacons Systems Solutions Ltd. has secured a Rs 125.88 crore contract from Central Bank of India to expand the bank’s private cloud and establish a containerization platform using servers based on NVIDIA H200 Blackwell GPUs. The five-year ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.