Quick Ratios
Quarterly Results
Profit & Loss
Balance Sheet
Cash Flow
Ratios
Mkt Cap
Market Capitalization
₹1,619Cr
Rev Gr TTM
Revenue Growth TTM
10.67%
Peer Comparison
Compare up to 10 companies side by side across valuation, profitability, and growth.

DSSL
VS
| Quarter | Mar 2023 | Jun 2023 | Sep 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Mar 2025 | Jun 2025 | Sep 2025 |
|---|
|
Growth YoY Revenue Growth YoY% | 8.3 | 85.1 | -10.7 | 31.9 | 24.5 | 8.6 | 39.3 | 37.1 | 16.6 | 2.5 | 15.0 | 9.5 |
| 208 | 275 | 201 | 208 | 263 | 296 | 281 | 284 | 299 | 297 | 315 | 300 |
Operating Profit Operating ProfitCr |
| 8.2 | 6.9 | 8.6 | 8.4 | 6.9 | 7.7 | 8.3 | 8.8 | 9.0 | 9.7 | 10.6 | 11.9 |
Other Income Other IncomeCr | 1 | 1 | 1 | 1 | 2 | 1 | 2 | 1 | 2 | 1 | 1 | 1 |
Interest Expense Interest ExpenseCr | 3 | 2 | 2 | 2 | 2 | 2 | 2 | 3 | 6 | 5 | 5 | 6 |
Depreciation DepreciationCr | 0 | 0 | 0 | 0 | 0 | 0 | 2 | 0 | 1 | 1 | 3 | 4 |
| 16 | 19 | 17 | 18 | 19 | 24 | 24 | 25 | 25 | 26 | 31 | 31 |
| 4 | 5 | 5 | 5 | 4 | 6 | 6 | 6 | 7 | 7 | 8 | 8 |
|
Growth YoY PAT Growth YoY% | 91.9 | 209.3 | 38.3 | 74.6 | 14.4 | 25.7 | 45.0 | 40.3 | 29.2 | 11.6 | 24.4 | 27.3 |
| 5.4 | 4.7 | 5.7 | 5.8 | 5.0 | 5.5 | 6.0 | 5.9 | 5.5 | 6.0 | 6.4 | 6.9 |
| 9.7 | 11.0 | 9.9 | 10.4 | 11.1 | 13.8 | 14.3 | 14.5 | 14.3 | 15.4 | 17.8 | 18.5 |
| Financial Year | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|
|
| | 35.0 | 45.4 | 5.8 | 32.6 | 50.0 | 23.0 | 27.4 | 23.7 | 6.6 |
| 154 | 207 | 298 | 314 | 417 | 624 | 750 | 946 | 1,162 | 1,212 |
Operating Profit Operating ProfitCr |
| 2.7 | 3.0 | 4.1 | 4.4 | 4.2 | 4.7 | 6.8 | 7.6 | 8.3 | 10.3 |
Other Income Other IncomeCr | 1 | 1 | 1 | 2 | 1 | 2 | 2 | 4 | 7 | 5 |
Interest Expense Interest ExpenseCr | 3 | 4 | 6 | 8 | 7 | 9 | 11 | 9 | 13 | 22 |
Depreciation DepreciationCr | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 9 |
| 2 | 3 | 7 | 8 | 11 | 22 | 45 | 72 | 97 | 113 |
| 0 | 1 | 2 | 2 | 3 | 6 | 11 | 18 | 25 | 29 |
|
| | 74.2 | 146.7 | 10.5 | 49.4 | 92.4 | 103.6 | 60.9 | 34.7 | 15.9 |
| 0.8 | 1.0 | 1.7 | 1.7 | 2.0 | 2.5 | 4.2 | 5.3 | 5.7 | 6.2 |
| 2.0 | 3.2 | 6.4 | 6.2 | 9.3 | 15.4 | 27.8 | 42.4 | 57.0 | 66.0 |
| Financial Year | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 |
|---|
Equity Capital Equity CapitalCr | 6 | 7 | 9 | 9 | 10 | 11 | 13 | 13 | 13 | 13 |
| 13 | 15 | 23 | 28 | 39 | 56 | 92 | 145 | 218 | 260 |
Current Liabilities Current LiabilitiesCr | 31 | 45 | 68 | 83 | 124 | 215 | 277 | 415 | 475 | 518 |
Non Current Liabilities Non Current LiabilitiesCr | 2 | 2 | 1 | 3 | 8 | 16 | 21 | 15 | 72 | 91 |
Total Liabilities Total LiabilitiesCr |
Current Assets Current AssetsCr | 50 | 67 | 98 | 119 | 173 | 291 | 393 | 578 | 644 | 705 |
Non Current Assets Non Current AssetsCr | 3 | 3 | 3 | 4 | 7 | 8 | 9 | 10 | 133 | 177 |
Total Assets Total AssetsCr |
| Financial Year | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|
Operating Cash Flow Operating Cash FlowCr | 4 | -13 | 4 | 4 | 9 | -13 | 13 | 29 | 66 |
Investing Cash Flow Investing Cash FlowCr | 0 | -1 | 0 | 0 | -3 | -1 | 0 | -1 | -28 |
Financing Cash Flow Financing Cash FlowCr | -1 | 13 | -3 | -8 | 0 | 14 | -5 | -42 | -6 |
|
Free Cash Flow Free Cash FlowCr | 4 | -14 | 4 | 4 | 7 | -15 | 13 | 29 | 61 |
| 370.3 | -616.7 | 78.1 | 75.2 | 106.3 | -81.3 | 39.2 | 54.3 | 91.1 |
CFO To EBITDA CFO To EBITDA% | 103.7 | -198.1 | 31.4 | 29.7 | 49.2 | -43.9 | 24.0 | 37.5 | 62.7 |
| Financial Year | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|
Valuation Ratios Valuation Ratios |
Market Cap Market CapitalizationCr | 12 | 25 | 25 | 13 | 76 | 238 | 396 | 1,299 | 1,313 |
Price To Earnings Price To Earnings | 10.0 | 11.8 | 4.9 | 2.3 | 8.9 | 14.5 | 11.8 | 24.2 | 18.1 |
Price To Sales Price To Sales | 0.1 | 0.1 | 0.1 | 0.0 | 0.2 | 0.4 | 0.5 | 1.3 | 1.0 |
Price To Book Price To Book | 0.6 | 1.1 | 0.8 | 0.4 | 1.5 | 3.5 | 3.8 | 8.3 | 5.7 |
| 5.3 | 7.8 | 3.2 | 2.3 | 5.2 | 8.8 | 7.7 | 16.0 | 12.8 |
Profitability Ratios Profitability Ratios |
| 12.3 | 15.3 | 14.1 | 13.5 | 11.0 | 10.0 | 12.1 | 12.6 | 12.8 |
| 2.7 | 3.0 | 4.1 | 4.4 | 4.2 | 4.7 | 6.8 | 7.6 | 8.3 |
| 0.8 | 1.0 | 1.7 | 1.7 | 2.0 | 2.5 | 4.2 | 5.3 | 5.7 |
| 10.8 | 11.5 | 19.9 | 20.5 | 19.9 | 23.6 | 32.0 | 41.8 | 29.8 |
| 6.3 | 9.4 | 16.2 | 15.4 | 17.2 | 24.5 | 31.9 | 34.1 | 31.4 |
| 2.3 | 3.0 | 5.1 | 4.6 | 4.7 | 5.5 | 8.3 | 9.2 | 9.3 |
Operational Ratios Operational Ratios |
Solvency Ratios Solvency Ratios |
Liquidity Ratios Liquidity Ratios |
### **Overview**
Dynacons Systems & Solutions Ltd. is a 30-year-old Indian IT services company headquartered in Mumbai, with a nationwide presence across **over 250 service locations**. The company specializes in providing **end-to-end technology solutions** to enterprises, public sector organizations, financial institutions, and government agencies. With a strong legacy of innovation and execution excellence, Dynacons has positioned itself as a trusted technology partner in India’s digital transformation journey, focusing on AI, cloud, automation, and intelligent infrastructure.
---
### **Core Services & Offerings**
Dynacons delivers full-spectrum IT infrastructure and digital transformation services across all major service models:
- **Infrastructure as a Service (IaaS)**
- **Platform as a Service (PaaS)**
- **Software as a Service (SaaS)**
#### **Key Service Verticals:**
1. **Systems Integration & Infrastructure Services**
- Turnkey design and deployment of data centers, networks, and hybrid cloud environments.
- Implementation of **Hyper-Converged Infrastructure (HCI)**, **Software-Defined Networking (SD-WAN)**, **Software-Defined Storage (SDS)**, and **Virtual Desktop Infrastructure (VDI)**.
- ISP network design and multi-location infrastructure setup.
2. **Cloud Computing & Data Centre Modernization**
- Private and public cloud solutions using **VMware**, **Microsoft Azure Stack**, and **Red Hat OpenShift**.
- Deployment of energy-efficient, secure data centers with advanced cooling, fire safety, and access control.
- Enterprise-grade backup, disaster recovery automation, and cross-platform data replication.
- Cloud migrations and transformation services aligned with **hybrid and multi-cloud adoption trends**.
3. **Managed IT Services (IMS)**
- Delivered via centralized **Network Operations Center (NOC)** and **Security Operations Center (SOC)**.
- Services include infrastructure monitoring, managed security, IT staff augmentation, and 24x7x365 support.
- **SLA-driven operations** ensure high availability and operational efficiency (e.g., 99.95% uptime in recent banking projects).
4. **Digital Workplace Solutions**
- End-to-end lifecycle management: procurement, deployment, integration, support, and retirement.
- Enablement of hybrid and remote work through **VDI, BYOD strategies**, and integration with **Microsoft 365** and **Google Workspace**.
- Managed desktop, print, mobility, workstation, and operating system migration services.
5. **AI-Driven Automation & Intelligence**
- Integration of **AI-powered resource orchestration**, **predictive analytics**, and **automated capacity planning**.
- AI for **predictive maintenance**, **asset utilization optimization**, **threat detection**, and **intelligent support systems**.
- Strategic focus on **AI-as-a-Service (AIaaS)** and **cognitive automation** to deliver operational improvements and new business value.
6. **Cybersecurity & Security Operations**
- **Next-Gen SOC** via subsidiary **CyberconsInfosec Pvt. Ltd. (established Nov 2023)**.
- Offers SIEM, vulnerability assessments, threat monitoring, incident response, and compliance.
- Secure SD-WAN, firewalls, identity and access management, endpoint detection and response (EDR).
- Strategic partnerships with leading cybersecurity vendors to enhance solution depth.
7. **IT Lifecycle & Asset Management**
- Comprehensive **IT Asset Lifecycle Management**, including tagging, configuration, warranty tracking, and eco-compliant disposal.
- AI-driven tools for **asset tracking**, **usage analytics**, and **digital employee experience personalization**.
---
### **Strategic Focus Areas**
1. **Artificial Intelligence & Automation**
- Building **Intelligent Enterprises** powered by data, AI, and automation.
- Key growth driver: AI-enriched infrastructure management, predictive maintenance, process transformation.
- Strategic alliances with technology leaders to expand **AI-driven automation**, **predictive analytics**, and **cognitive solutions** in BFSI, enterprise, and government sectors.
2. **Cloud Transformation**
- Leader in **hybrid and multi-cloud environments**, helping clients migrate legacy systems.
- Expertise in private cloud deployment using HCI and VMware, with a focus on **security**, **scalability**, and **compliance**.
- Cloud strategy supports **GenAI integration**, **cloud-first operating models**, and **cost optimization**.
3. **BFSI & Public Sector Leadership**
- Deep domain expertise in **Banking, Financial Services, and Insurance (BFSI)** and **government digitalization**.
- Secured transformational projects with **Canara Bank**, **Union Bank of India**, **State Bank of India**, **Bank of Baroda**, **NABARD**, **NPCI**, and **Punjab National Bank**.
---
### **Recent Major Contracts & Client Wins (2024–2025)**
- **Canara Bank**: Large-scale IT infrastructure modernization (Data Centre, Security, Managed Services).
- **NABARD / State Cooperative Banks**:
- Rs. 233 crore contract to upgrade Core Banking Solution (CBS) from Finacle 7.0 to 10.2.25 under **Application Service Provider (ASP) model**.
- Follow-on orders worth **Rs. 108 crore and Rs. 51.28 crore** for **Core Banking as a Service (CBaaS)** across 615+ branches.
- OPEX-based model ensures **recurring revenue** and scalability.
- **Union Bank of India**:
- **Rs. 293.47 crore** contract for private cloud expansion via HCI.
- Also secured **Rs. 214 crore and Rs. 79.47 crore** orders for HCI and SD-WAN implementations.
- **State Bank of India (SBI)**:
- **₹62.98 crore** SD-WAN deployment across **7,000 branches** and 4 data centers (Versa-based SASE architecture).
- 7-year contract with 24x7 support and strict SLAs.
- **Bharat Heavy Electricals Ltd (BHEL)**:
- **₹137 crore** High-Performance Digital Workplace Solution as a Service.
- **NPCI (National Payments Corp of India)**:
- **₹41.72 crore** project for data centre upgrade with HPE servers to support UPI, RuPay, and digital payments ecosystem.
- **BSNL**:
- 5-year managed services contract for **MPLS Command Centre / NOC**, ensuring 99.5% uptime.
- **Smart City Projects**:
- Secured **Next-Gen C-SOC** for Rajkot and GMDMA projects, enhancing cyber resilience in urban infrastructure.
---
### **Technology Partnerships & Certifications**
- **Key Partnerships**: IBM, Microsoft, Cisco, HPE, Dell, Oracle, VMware, HP, Lenovo, Infosys (Finacle), Versa Networks.
- **Global Alliance**: Member of **Global IT Alliance (GITA)** since May 2021—providing "Global Reach with Local Value" for multinational clients.
- **Industry Certifications**:
- **CMMI Level 5** (indicating mature and optimized processes)
- **ISO 9001, ISO 20000 (ITSM), and ISO 27001 (ISMS)**
- Recognized as **Deloitte’s Fastest Growing Technology Company** and multiple partner awards from **HPE** and **Lenovo**.
---
### **Market Position & Growth Drivers**
- **Addressable Market**: India’s growing **IT system integration market (USD 430B+ in FY 2024–25)**, driven by digital transformation, cloud adoption, and AI.
- **Key Growth Drivers**:
- IT modernization, cloud migration, cybersecurity, AI/ML, digital workplace, and data center upgrades.
- Rising demand for **vendor consolidation** and **end-to-end managed services**.
- **Strategic Advantages**:
- Proven execution of **mission-critical, large-scale projects**.
- Over **80% technically skilled engineers** in workforce.
- Strong repeat business due to **long-term client relationships**, **high satisfaction**, and **customer-centric delivery**.
- OPEX/ASP-based recurring revenue models enhancing stability.
---
### **Differentiation & Capabilities**
- **30 Years of Experience**: Deep institutional knowledge in managing enterprise transitions—from on-premise to cloud to intelligent systems.
- **Customer-Centric Innovation**: Combines **domain expertise** with **contextual understanding** to build **bespoke, high-impact solutions**.
- **Full-Stack Teams**: Integrated engineering, sales, and platform teams to support **AI, hybrid cloud, and digital transformation at scale**.
- **AI-First & Automation Focus**: Embedding AI into infrastructure, operations, security, and service delivery to reduce downtime and improve efficiency.
- **Scalable Delivery Model**: Hybrid onsite-remote execution model supported by ITIL-based processes.