Login
Products
Login
Home
Alerts
Search
Watchlists
Products

Dynamatic Technologies Ltd

DYNAMATECH
NSE
11,791.00
0.28%
Last Updated:
29 Apr '26, 4:00 PM
Company Overview
Alert
Watchlist
Note

Dynamatic Technologies Ltd

DYNAMATECH
NSE
11,791.00
0.28%
29 Apr '26, 4:00 PM
Company Overview
Add Alert
Add to Watchlist
Edit Note
6M
Price
Charts
Documents

Quick Ratios

Edit Ratios
Mkt Cap
Market Capitalization
8,008Cr
Close
Close Price
11,791.00
Industry
Industry
Aerospace & Defence - Equipments
PE
Price To Earnings
222.77
PS
Price To Sales
5.10
Revenue
Revenue
1,569Cr
Rev Gr TTM
Revenue Growth TTM
12.58%
PAT Gr TTM
PAT Growth TTM
-57.24%
Peer Comparison
How does DYNAMATECH stack up?
Compare up to 10 companies side by side across valuation, profitability, and growth.
DYNAMATECH
VS

Quarterly Results

Consolidated
Standalone
Numbers
Percentage
QuarterMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Revenue
RevenueCr
368363351346370346361315381371392425
Growth YoY
Revenue Growth YoY%
14.616.68.410.30.7-4.53.0-8.72.87.18.634.7
Expenses
ExpensesCr
318326312305328306320276343333346375
Operating Profit
Operating ProfitCr
493739414340413938384650
OPM
OPM%
13.410.211.111.811.611.611.412.510.010.211.811.8
Other Income
Other IncomeCr
738895037013100-8
Interest Expense
Interest ExpenseCr
151316161814151414141514
Depreciation
DepreciationCr
171616171717181717181920
PBT
PBTCr
2546151658121681915128
Tax
TaxCr
753510453582
PAT
PATCr
184112115711124161136
Growth YoY
PAT Growth YoY%
16.9406.220.560.1225.2-72.5-0.6-68.6-71.8-5.4-72.563.5
NPM
NPM%
4.811.43.53.315.43.33.31.14.22.90.81.4
EPS
EPS
27.560.917.816.684.116.817.75.223.715.94.98.5

Profit & Loss

Consolidated
Standalone
Numbers
Percentage
Financial YearMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Revenue
RevenueCr
1,6291,4941,5061,3211,5001,2301,1181,2531,3161,4291,4041,569
Growth
Revenue Growth%
2.6-8.30.8-12.313.6-18.0-9.112.15.08.6-1.811.8
Expenses
ExpensesCr
1,4781,3531,3411,1811,3251,0399691,0841,1351,2701,2451,397
Operating Profit
Operating ProfitCr
151141165140175191149169181159158172
OPM
OPM%
9.39.411.010.611.715.513.313.513.811.211.311.0
Other Income
Other IncomeCr
2952671868101052314
Interest Expense
Interest ExpenseCr
807378748080705965635758
Depreciation
DepreciationCr
515253474980787770666975
PBT
PBTCr
502136245448842551365554
Tax
TaxCr
219161223-2561012141218
PAT
PATCr
291220123174232431224336
Growth
PAT Growth%
108.1-57.159.8-38.6158.8136.1-97.31,519.233.5184.7-64.7-16.5
NPM
NPM%
1.80.81.30.92.16.00.22.63.38.53.12.3
EPS
EPS
47.319.430.91.143.361.6-34.524.467.3179.463.452.9

Balance Sheet

Consolidated
Standalone
Numbers
Percentage
Financial YearMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital
Equity CapitalCr
666666667777
Reserves
ReservesCr
245251292308319367362375535661711758
Current Liabilities
Current LiabilitiesCr
595490524630608636543564753577627674
Non Current Liabilities
Non Current LiabilitiesCr
303435506475452482517442373328306320
Total Liabilities
Total LiabilitiesCr
1,1501,1821,3291,4191,3851,4911,4291,3871,6691,5721,6501,759
Current Assets
Current AssetsCr
462493521599637640690659828755804870
Non Current Assets
Non Current AssetsCr
688689808820748851739728841817846889
Total Assets
Total AssetsCr
1,1501,1821,3291,4191,3851,4911,4291,3871,6691,5721,6501,759

Cash Flow

Consolidated
Standalone
Financial YearMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Operating Cash Flow
Operating Cash FlowCr
116431188812422612110713197144
Investing Cash Flow
Investing Cash FlowCr
48-48-94-603-52-129-8346-67
Financing Cash Flow
Financing Cash FlowCr
-137-10-25-48-128-155-132-13772-231-96
Net Cash Flow
Net Cash FlowCr
27-15-2-20-219-23-20120-88-19
Free Cash Flow
Free Cash FlowCr
165-103528133168102114462278
CFO To PAT
CFO To PAT%
405.0346.3599.2731.1397.2306.96,128.3334.8306.179.9335.3
CFO To EBITDA
CFO To EBITDA%
76.630.171.163.070.6118.481.463.472.361.191.2

Ratios

Consolidated
Standalone
Financial YearMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Valuation Ratios
Valuation Ratios
Market Cap
Market CapitalizationCr
2,4491,0991,7321,0851,0273086011,3551,8725,0604,217
Price To Earnings
Price To Earnings
85.589.488.21,500.337.47.90.087.543.741.597.9
Price To Sales
Price To Sales
1.50.71.10.80.70.30.51.11.43.53.0
Price To Book
Price To Book
9.94.35.83.53.20.81.63.53.57.65.9
EV To EBITDA
EV To EBITDA
18.410.813.812.09.04.98.611.813.635.029.9
Profitability Ratios
Profitability Ratios
GPM
GPM%
42.043.844.449.148.951.650.850.952.053.353.4
OPM
OPM%
9.39.411.010.611.715.513.313.513.811.211.3
NPM
NPM%
1.80.81.30.92.16.00.22.63.38.53.1
ROCE
ROCE%
19.812.512.110.214.211.87.09.49.315.88.7
ROE
ROE%
11.44.86.63.89.619.70.58.47.918.26.0
ROA
ROA%
2.51.01.50.82.34.90.12.32.67.82.6
Operational Ratios
Operational Ratios
Solvency Ratios
Solvency Ratios
Liquidity Ratios
Liquidity Ratios
### **Overview** Dynamatic Technologies Limited (DTL) is a globally recognized Indian engineering conglomerate that designs, develops, and manufactures highly engineered, mission-critical products across three core segments: **Aerospace & Defence**, **Hydraulics**, and **Metallurgy**. With over five decades of industrial excellence, the company has evolved from a niche hydraulics manufacturer into a diversified Tier-1 supplier to leading global aerospace and industrial OEMs. Headquartered in Bengaluru, India, DTL operates an integrated global footprint with **world-class manufacturing and R&D facilities in India, the UK, and Germany**, and serves customers in over six continents. The company’s strategic focus on innovation, vertical integration, and operational excellence has positioned it at the forefront of India’s emerging private aerospace and defence ecosystem. --- ### **Business Segments & Market Leadership** #### **1. Aerospace & Defence** - **Position**: Pioneer in India’s private aerospace sector; Tier-1 supplier to global giants including **Airbus, Boeing, Bell Helicopters, Dassault Aviation, HAL, and Deutsche Aircraft**. - **Key Capabilities**: - Precision manufacturing of **flight-critical airframe structures**, including **flap track beams, fuselages, wings, doors, ailerons, and flap edges**. - Specialized in **5-axis robotic machining, automated cell manufacturing, complex assembly, and advanced tooling**. - Global sole-source supplier of **Flap Track Beams for Airbus A330** and **single-aisle (A318–A321) aircraft**, having delivered over **8,200 aircraft sets**. - Awarded one of India’s largest aerospace export contracts by Airbus for **A220 aircraft doors**—including passenger, service, cargo, and emergency exit doors. - Successfully delivered the **50th shipset of A220 Escape Hatch Doors**; inaugurated a dedicated **Rear Fuselage Assembly Line for the D328eco® turboprop** in Bangalore. - **Recent Milestones**: - **First AI-enhanced First Article Inspection (FAI)** delivered ahead of schedule for A220 aft service door. - Indigenization of **Vertical Launch Unit (VLU)** for Indian Navy’s Long Range Surface-to-Air Missile (LRSAM) program. - Partnered with **Deutsche Aircraft** to build the rear fuselage of the 40-seater D328eco®, reinforcing India’s "Make in India" aerospace ambitions. - Secured contracts with **Stelia Aeronautique Canada** for A220 Escape Hatch Doors and with **Thales Alenia Space** for precision components in the SPACE INSPIRE program. - **Facilities**: - **Dynamatic Aerotropolis**, a 1.5 million sq. ft. aerospace complex near Bangalore International Airport with 240,000 sq. ft. of built-up area for large aerostructures. - **Dynamatic Manufacturing Limited (DML)**: Designated as a **Centre of Excellence for detail parts**; collaborates with Airbus and Spirit AeroSystems. - Operations in **Swindon and Bristol (UK)**: High-precision machining of components for Airbus, Boeing, C-130J, and Dassault Falcon 6X programs. - **Defence Focus**: - Revenue split in aerospace segment is **70% commercial, 30% defence**. - Developed prototype defence products; awaiting serial orders from Western European customers. - Rising European defence spending expected to drive demand for German subsidiary's shell production. - Partnership with **Israel Aerospace Industries (IAI)** and **Hindustan Aeronautics Limited (HAL)** for local production of Heron UAVs. --- #### **2. Hydraulics** - **Position**: One of the **world’s largest manufacturers of hydraulic gear pumps**, with over 50 years of market leadership. - **Key Strengths**: - Dominant market share: **80% in Indian OEM tractor hydraulic market**, **~38% of global tractor hydraulic market**. - Supplies nearly all major tractor OEMs: **John Deere, Mahindra, TAFE, CNH, and JCB**. - Offers complete hydraulic systems including **hitch control valves, rockshaft assemblies, power steering units, and load-sensing valve blocks**. - **Product Portfolio**: - Hydraulic gear pumps (aluminum and cast iron), axial piston pumps, motors, high-flow scavenging/lube pumps, and integrated hydraulic power packs. - Custom solutions for **agricultural, construction, off-highway, marine, and aircraft ground support systems**. - **Facilities**: - Three advanced plants in **Bengaluru, India**; annual production of nearly **1 million pumps**. - Facility in **Swindon, UK**, established over 60 years ago. - R&D labs in India and the UK with capabilities in simulation, validation, endurance testing, and digital product lifecycle management (Windchill platform). - **Strategic Shifts**: - Transitioning hydraulics production **from UK to India**, retaining only select high-margin lines in the UK due to European inflation, energy costs, and supply chain volatility. - Developing **high-pressure, heavy-duty cast iron pumps** for the global construction equipment market (projected to grow from $7.9B in 2025 to $11.8B by 2030 at 8.3% CAGR). - Expanding wallet share with customers by moving from individual pumps to **integrated hydraulic systems**—increasing per-vehicle value from ~₹1,500 to ₹25,000–₹30,000. --- #### **3. Metallurgy** - **Core Asset**: **Eisenwerk Erla GmbH (EEL)**, Germany – one of **Europe’s most advanced ferrous foundries**, operating for over **630 years**. - **Capabilities**: - Production of highly complex, high-integrity ferrous and high-alloy castings using **SiMo, Ni-Resist, heat-resistant steel**, etc. - Fully automated machining, digital monitoring, and robotic casting lines. - In-house R&D and multiple patents in casting technologies for automotive and aerospace. - **Customers**: - Automotive & Industrial: **BMW, Daimler, MAN, AGCO-Fendt, Rolls-Royce, Liebherr, and Rotax**. - **Strategic Expansion**: - Shifting focus from **automotive** to **aerospace and general industry** due to declining margins in automotive and rising demand in defence. - Reconfiguring EEL to produce **aerospace-grade castings and forgings**, capitalizing on global shortages in metallurgical capacity. - Corporate restructuring under Germany’s "Protective Shield" process (2023) completed successfully; business now stabilizing and growing. --- ### **Global Operations & Infrastructure** - **Manufacturing Plants**: **8 facilities** across: - **India**: Bangalore (aerospace & hydraulics), Coimbatore, Devanahalli (Aerotropolis), and Chennai (formerly JKM Ferrotech – now divested). - **UK**: Swindon and Bristol (hydraulics & aerospace). - **Germany**: Schwarzenberg (Eisenwerk Erla – foundry operations). - **Vertically Integrated**: - In-house capabilities in **alloy-making, green sand/lost foam casting, captive renewable energy, forging, tooling, and final assembly**. - **Environmental Commitment**: - Facilities described as **"green, lean, and clean"**, powered by **captive solar and wind energy**. - New Bengaluru facility is **export-oriented (EOU)** and designed for sustainability. --- ### **Technology, R&D & Innovation** - **R&D Recognition**: R&D centers recognized by **India’s Department of Scientific and Industrial Research (DSIR)**. - **R&D Strength**: - Employs ~**90 scientists and 650+ engineers** across India and Europe. - Operates **three design laboratories** in India and Germany. - JKM Science Center (Bangalore) integrates design, prototyping, materials testing, and manufacturing. - **Key Technologies**: - Product development using **APQP/PPAP** (first aerospace company globally to adopt automotive quality methodology). - Advanced software suite: **CATIA V5, Creo, Siemens NX, Ansys, AMESim, Mastercam, SolidWorks**. - AI/ML integration in UAV navigation, design optimization, and predictive manufacturing. - **Collaborations**: - Partnerships with **IIT Kanpur, CSIO, IISc, Bath University**, and other research institutions. - Co-developing **optical sensors, UAVs, and electronic warfare payloads** under India’s **Atmanirbhar Bharat** initiative. --- ### **Unmanned Systems & Homeland Security (Dynauton Systems & HLS)** - **Dynauton Systems®** (wholly owned subsidiary): - Designs and manufactures **UAVs, gimbals, radars, autopilot systems, loitering munitions**, and **anti-drone technologies**. - **Product Line**: - **Cheel® VTOL Surveillance Drone**: Hybrid IC engine-based; long-range ISR. - **Patang® Tethered UAS**: For persistent surveillance in compact areas. - **Kaatil®**: Loitering munition with modular, interchangeable payloads. - **Kavaa®**: Surveillance UAS with optical, IR, and Lidar payloads. - **Defence Focus**: - Developing **anti-drone systems** (RF direction finders, detection radars, electro-optic systems). - Supplying **mobile command vehicles (PRAHARI)** and **Rakshak surveillance vehicles** to Indian police and border forces. - Aims to become a leading Indian firm in **uncrewed systems and robotics** by 2030. --- ### **Financials & Global Reach** - **Revenue Split (FY25)**: - **Europe**: 34% - **UK**: 22% - **USA**: 9% - **India and Rest of World**: Remaining - **Exports**: Account for **51.84%** of total turnover. - **Customer Base**: - Blue-chip clientele: **Airbus, Boeing, Bell, Dassault, HAL, Mahindra, Cummins, JCB, BMW, Volkswagen, and John Deere**. - **Awards & Recognition**: - Winner of **Boeing Defence & Space’s Outstanding Supplier of the Year 2023**. - Achieved **Airbus IPCA+ 'A' rating** and **Global Sustainability Award**.