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Dynemic Products Limited (DYNPRO)

₹247.59 +3.59% last close, 16 Oct

📊 NSE: DYNPRO 🏢 Dyes And Pigments 📢 Latest filing: 14 Oct 2026 📝 Analysis written: 13 Dec 2025

Latest quarterly results (Q1 FY27)

In its latest reported quarter, Q1 FY27, Dynemic Products' revenue was ₹86.4 Cr (-8.5% year on year, -17.1% on the previous quarter), and net profit ₹5.2 Cr (+7.8% year on year); the operating margin was 14.3%.

Q1 FY27 (₹ Cr)	Value	YoY vs Q1 FY26	QoQ
Revenue	₹86.4	-8.5%	-17.1%
Operating profit	₹12.3	-3.6%	-15.0%
Net profit	₹5.2	+7.8%	-14.6%
EPS (₹)	4.18	+8.0%	-14.5%
Operating margin	14.3%	—	—

Full quarterly financials → Results calendar →

DYNPRO delivery percentage

NSE end-of-day data for Fri, 16 Oct 2026

On Fri, 16 Oct 2026, 68.32% of the DYNPRO shares traded on NSE were taken to delivery, against the stock's own 20-session average of 70.98%. That is close to its usual level. It traded 7.9 times its average daily volume.

68.32%Delivery, 16 Oct

70.98%Own 20-session average

7.9×Volume vs its average

₹247.59NSE close · +3.59%

Delivery in the last 5 sessions: 74.2% · 51.9% · 79.9% · 81.7% · 68.3%

Delivery across the market →Unusual volume today →

A description of what the exchange published, not a recommendation. Names such as "accumulation" or "long buildup" label a pattern in the numbers. How delivery is analysed

📢 Recent Corporate Announcements

Dynemic Products Submits Demat Compliance Certificate for Q2 Ended September 30, 2026

🟡 NEUTRAL ⭐ 1/10

ROUTINE 📅 14 Oct 2026, 05:52 PM

Dynemic Products Limited has submitted its quarterly compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended September 30, 2026. The certificate issued by Registrar and Share Transfer Agent Bigshare Services Private Limited confirms adherence to dematerialization procedures. Bigshare noted that during the quarter ended September 30, 2026, zero Demat and Remat requests were received for processing. This is a purely procedural regulatory filing with no operational or financial impact.

Compliance certificate filed under Regulation 74(5) of SEBI Regulations, 2018 for the quarter ended September 30, 2026
Issued by Registrar and Share Transfer Agent Bigshare Services Private Limited on October 14, 2026
Bigshare confirmed receiving 0 Demat and Remat requests during the quarter ended September 30, 2026

💡 No action is required as this is an administrative secretarial filing. Investors should instead monitor upcoming quarterly financial results for operational performance.

Dynemic Products CFO Ankit Shah Resigns Effective September 30, 2026

🟡 NEUTRAL ⭐ 7/10

MANAGEMENT 📅 30 Sep 2026, 05:49 PM

Dynemic Products Limited announced that its Chief Financial Officer (CFO) and Key Managerial Personnel (KMP), Mr. Ankit Shah, has resigned due to personal reasons, effective from the close of business hours on September 30, 2026. Mr. Shah confirmed that there were no other material reasons behind his resignation. The company has not yet announced a successor for the CFO position. This leadership transition occurs as the specialty chemicals manufacturer operates with an annual revenue run rate of ₹371 Cr and ₹73 Cr of debt.

CFO Mr. Ankit Shah resigns citing personal reasons effective September 30, 2026
Cessation as Key Managerial Personnel under Section 203 w.e.f. close of business September 30, 2026
Confirmation provided that no other material reasons exist for the resignation
Successor to the CFO role has not been disclosed in the filing

💡 Track subsequent exchange filings for the appointment of a new Chief Financial Officer to oversee capital allocation and balance sheet management.

Dynemic Products CFO Ankit Shah Resigns Effective September 30, 2026

🟡 NEUTRAL ⭐ 7/10

MANAGEMENT 📅 30 Sep 2026, 04:42 PM

CFO Mr. Ankit Shah resigns citing personal reasons effective September 30, 2026
Cessation as Key Managerial Personnel under Section 203 w.e.f. close of business September 30, 2026
Confirmation provided that no other material reasons exist for the resignation
Successor to the CFO role has not been disclosed in the filing

💡 Track subsequent exchange filings for the appointment of a new Chief Financial Officer to oversee capital allocation and balance sheet management.

Dynemic Products Shareholders Approve Rs 1.50 Dividend and Related Party Transactions at 36th AGM

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 30 Sep 2026, 02:20 PM

Dynemic Products Limited reported voting results for its 36th Annual General Meeting held on September 28, 2026. Shareholders approved all agenda items with the requisite majority, including the adoption of FY26 financial statements and a dividend of Rs 1.50 per equity share (15%). Key resolutions passed also included the re-appointment of Director Rameshbhai B. Patel, ratification of Cost Auditor remuneration for FY 2026-27, and approval of Related Party Transactions. Total shareholder attendance was 49 members via video conferencing out of 12,387 shareholders on record.

Shareholders approved an ordinary dividend of Rs 1.50 per share (15%) for FY26
All five resolutions, including approval of Related Party Transactions, passed with requisite majority
49 shareholders attended the AGM via video conferencing (13 promoter group, 36 public)
Total number of registered shareholders stood at 12,387 as of the record date

💡 Track subsequent payment dates for the Rs 1.50 dividend and monitor upcoming Q2 FY27 operational earnings for capacity utilization updates across its 22,644 MTPA infrastructure.

Dynemic Products Concludes 36th AGM; Approves ₹1.50 per Share Dividend for FY26

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 29 Sep 2026, 12:18 PM

Dynemic Products Limited conducted its 36th Annual General Meeting on September 28, 2026, via video conferencing with 49 members present. Shareholders passed all ordinary resolutions, including the adoption of FY26 financial statements and the approval of a ₹1.50 per share (15%) dividend. Other approved agenda items included the re-appointment of retiring director Rameshbhai B. Patel, ratification of Cost Auditor remuneration, and approval of related party transactions. Detailed scrutiny and voting results will be published separately.

Approved dividend of ₹1.50 per equity share (15%) for the financial year ended March 31, 2026
AGM held on September 28, 2026, lasting 20 minutes (15:00 to 15:20 hrs) with 49 members attending via VC
All resolutions passed with requisite majority, including adoption of FY26 audited accounts and related party transactions
Total of 6 members registered as speakers, with 3 attending and receiving responses from MD, Joint MD, and CFO

💡 Track the formal disclosure of final e-voting results and watch for the upcoming Q2 FY27 quarterly results to gauge ongoing capacity utilization and operational margins.

Dynemic Products Sets Sep 11, 2026 Record Date for ₹1.50/Share (15%) FY26 Dividend

🟡 NEUTRAL ⭐ 5/10

DIVIDEND 📅 08 Sep 2026, 12:12 PM

Dynemic Products Limited has fixed Friday, September 11, 2026, as the record date to determine shareholder eligibility for a dividend of ₹1.50 per equity share (15% on face value of ₹10) for FY26. The total recommended dividend payout stands at ₹186.43 Lakhs (₹1.86 crore), which accounts for approximately 9.3% of the company's FY26 net profit of ₹19.94 crore. The 36th Annual General Meeting is scheduled for Monday, September 28, 2026, where the dividend will be placed for shareholder approval.

Record date for FY26 dividend eligibility fixed as Friday, September 11, 2026
Board recommended dividend of ₹1.50 per equity share (15% on ₹10 face value)
Total dividend payout amounts to ₹186.43 Lakhs (~₹1.86 crore)
36th AGM to be held on Monday, September 28, 2026, with remote e-voting starting September 24, 2026

💡 Track the ex-dividend date around September 10-11, 2026, to determine eligibility, and observe shareholder approval voting outcomes following the AGM on September 28, 2026.

Dynemic Products Q1 FY27 Auditor Review: Subsidiary Revenue at Rs 24.87 Lakhs

🟡 NEUTRAL ⭐ 5/10

EARNINGS 📅 13 Aug 2026, 01:35 PM

Dynemic Products Limited has submitted its independent auditor's review report for the quarter ended June 30, 2026. The consolidated financials include one subsidiary, Cerecon Bio Sciences, which contributed a marginal revenue of Rs 24.87 Lakhs and a net loss of Rs 2.17 Lakhs. The group also recorded a profit share of Rs 30.10 Lakhs from its associate, Dynemic Holdings. The auditors issued a clean report with no material misstatements noted for the period.

Subsidiary Cerecon Bio Sciences reported Q1 revenue of Rs 24.87 Lakhs
Group's share of net profit from associate Dynemic Holdings was Rs 30.10 Lakhs
Subsidiary recorded a net loss of Rs 2.17 Lakhs for the quarter ended June 30, 2026
Company continues to operate with a total installed capacity of 22,644 MTPA
Finance costs previously saw a 16.25% reduction in FY26, aiding margin expansion

💡 Monitor the full quarterly P&L to see if the company maintains its TTM operating margin of 13.8% and track any updates regarding the 'Issuer Not Cooperating' status from CRISIL.

Dynemic Products Q1 FY27 Auditor Review: Subsidiary Revenue at Rs 24.87 Lakhs

🟡 NEUTRAL ⭐ 4/10

EARNINGS 📅 13 Aug 2026, 01:33 PM

Dynemic Products Limited has submitted its independent auditor's review report for the quarter ended June 30, 2026. The consolidated results show a minor contribution from its subsidiary, Cerecon Bio Sciences, which reported a revenue of Rs 24.87 lakhs and a net loss of Rs 2.17 lakhs. The group's share of profit from its associate, Dynemic Holdings, was Rs 30.10 lakhs for the quarter. The auditors issued a clean report with no material misstatements identified in either standalone or consolidated financials.

Subsidiary Cerecon Bio Sciences reported a revenue of Rs 24.87 Lakhs for the quarter ended June 30, 2026
The subsidiary recorded a net loss of Rs 2.17 Lakhs during the same period
Group's share of net profit from associate Dynemic Holdings stood at Rs 30.10 Lakhs
Auditors B. K. Patel & Co provided a clean 'Limited Review' report for both standalone and consolidated results
The company maintains an installed capacity of 22,644 MTPA as per recent operational context

💡 Investors should monitor the full quarterly financial statement to assess if the operating profit margin (TTM 13.8%) is being sustained amidst raw material price volatility.

Dynemic Products Q1 FY27 Results: Subsidiary Reports Rs 24.87 Lakh Revenue

🟡 NEUTRAL ⭐ 5/10

EARNINGS 📅 13 Aug 2026, 01:32 PM

Dynemic Products has released its reviewed financial results for Q1 FY27 (quarter ended June 30, 2026). The consolidated results show a very minor contribution from its subsidiary, Cerecon Bio Sciences, which reported a revenue of Rs 24.87 Lakhs and a net loss of Rs 2.17 Lakhs. The company's associate, Dynemic Holdings, contributed a net profit share of Rs 30.10 Lakhs. The auditors have issued a clean review report for both standalone and consolidated statements, noting no material misstatements.

Subsidiary Cerecon Bio Sciences reported a revenue of Rs 24.87 Lakhs for the quarter ended June 30, 2026
The subsidiary recorded a net loss of Rs 2.17 Lakhs for the same period
Associate Dynemic Holdings contributed Rs 30.10 Lakhs to the consolidated net profit
The company operates with a total installed capacity of 22,644 MT per annum
TTM revenue stands at Rs 379 Cr with a PAT of Rs 20 Cr as of the latest full-year data

💡 Investors should monitor the full standalone P&L statement to see if the revenue momentum from Mar 2026 (Rs 104.22 Cr) is sustained, as subsidiary contributions remain negligible at <0.1% of total revenue.

Dynemic Products Q1 FY27 Results: Associate Profit Share at Rs 30.10 Lakhs

🟡 NEUTRAL ⭐ 6/10

EARNINGS 📅 13 Aug 2026, 01:17 PM

Dynemic Products (DYNPRO) reported its Q1 FY27 results, showing minor contributions from its non-core entities. The subsidiary, Cerecon Bio Sciences, reported a revenue of Rs 24.87 Lakhs and a net loss of Rs 2.17 Lakhs for the quarter. The group's share of profit from its associate, Dynemic Holdings, was Rs 30.10 Lakhs. With a TTM revenue of Rs 379 Cr, these subsidiary and associate figures are currently immaterial to the overall group performance, representing less than 0.1% of annual turnover.

Subsidiary Cerecon Bio Sciences reported total revenues of Rs 24.87 Lakhs for the quarter ended June 30, 2026
The subsidiary recorded a net loss of Rs 2.17 Lakhs for the Q1 FY27 period
Group's share of net profit from associate Dynemic Holdings was Rs 30.10 Lakhs
The company continues to operate with a total installed capacity of 22,644 MT per annum

💡 Monitor the full standalone P&L to assess if the 13.8% OPM achieved in FY26 is sustainable and if capacity utilization of the 22,644 MTPA facility is improving.

Dynemic Products Submits Quarterly Share Dematerialization Certificate for June 2026

🟡 NEUTRAL ⭐ 1/10

ROUTINE 📅 07 Jul 2026, 11:37 AM

Dynemic Products Limited has filed its quarterly compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the period ended June 30, 2026. The company's Registrar and Share Transfer Agent (RTA), Bigshare Services Private Limited, confirmed that all physical share certificates received for dematerialization were processed and cancelled. The RTA further confirmed that the names of the depositories were substituted in the register of members as the registered owners within the mandated 15-day period. This is a standard administrative filing with no impact on business operations or financials.

Compliance certificate issued for the quarter ended June 30, 2026
Confirmation that dematerialization requests were processed within 15 days of receipt
Verification and cancellation of physical security certificates confirmed by RTA Bigshare Services Private Limited
Filing submitted in accordance with Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018

💡 This is a routine regulatory filing. Investors should monitor the company's upcoming quarterly financial results for actual business performance updates.

Rs 1.50 Final Dividend: Dynemic Products Issues TDS Guidelines for FY 2025-26

🟡 NEUTRAL ⭐ 4/10

DIVIDEND 📅 06 Jul 2026, 02:54 PM

Dynemic Products has issued a formal communication to shareholders regarding the tax treatment of its recommended final dividend of Rs 1.50 per share (15% of face value) for FY 2025-26. The dividend is taxable in the hands of shareholders, with TDS rates varying from 0% to 20% based on residency and documentation. Resident individuals with a valid PAN will be subject to 10% TDS, while those without a PAN or with an unlinked Aadhaar will face a 20% deduction. Shareholders must submit relevant tax-exemption documents like Form 15G/15H by July 31, 2026.

Recommended final dividend of Rs 1.50 per fully paid-up equity share of Rs 10 face value.
Standard TDS rate of 10% for resident shareholders with valid PAN registered.
Higher TDS rate of 20% applicable for shareholders without PAN or with unlinked Aadhaar.
Exemption from TDS for resident individuals if the total dividend amount does not exceed Rs 10,000.
Deadline for submitting tax-related documents (Form 15G/15H/TRC) is July 31, 2026.

💡 Shareholders should ensure their PAN is linked with Aadhaar and submit necessary tax-exemption forms via the Bigshare portal by July 31, 2026, to avoid higher tax withholding.

Dynemic Products Limited to Close Trading Window from July 1, 2026

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 24 Jun 2026, 03:41 PM

Dynemic Products Limited (DYNPRO) has announced the closure of its trading window for all designated persons and their immediate relatives starting July 1, 2026. This closure is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, ahead of the release of financial results for the quarter ending June 30, 2026. The window will remain closed until 48 hours after the unaudited financial results are declared. The specific date for the board meeting to approve these results will be communicated at a later date.

Trading window closure begins on Wednesday, July 1, 2026
Closure pertains to the declaration of unaudited financial results for the quarter ended June 30, 2026
Window will reopen 48 hours after the official announcement of financial results
Compliance maintained with SEBI (Prohibition of Insider Trading) Regulations, 2015

💡 This is a routine regulatory announcement with no impact on company fundamentals. Investors should focus on the upcoming Q1 financial results for performance assessment.

Dynemic Products FY26 Net Profit Jumps 35% to ₹20.3 Cr; Recommends ₹1.50 Dividend

🟢 POSITIVE ⭐ 8/10

EARNINGS 📅 29 May 2026, 02:56 PM

Dynemic Products Limited reported a strong financial performance for the fiscal year ending March 31, 2026, with standalone net profit rising 35.4% year-on-year to ₹20.30 crore. While total income saw a modest growth of 3% to ₹378.84 crore, the company demonstrated significant margin improvement as Profit Before Tax rose by 32%. The Board has recommended a final dividend of ₹1.50 per share (15% of face value), reflecting confidence in the company's cash flow. Quarterly performance was particularly robust, with Q4 net profit surging 65% compared to the previous year's corresponding quarter.

Standalone Net Profit for FY26 increased to ₹20.30 crore from ₹14.99 crore in FY25.
Total Standalone Revenue for the full year grew to ₹378.84 crore, up from ₹367.85 crore.
Earnings Per Share (EPS) improved significantly to ₹16.33 from ₹12.43 year-on-year.
Recommended a final dividend of ₹1.50 per equity share (15%) for the financial year 2025-26.
Standalone Q4 PAT surged 65% YoY to ₹6.51 crore compared to ₹3.94 crore in Q4 FY25.

💡 Investors should take note of the strong bottom-line growth and margin expansion despite modest revenue growth. The stock remains a positive hold for long-term investors given the improved profitability and consistent dividend payout.

Dynemic Products FY26 Net Profit Rises 33% to ₹19.95 Cr; Proposes ₹1.50 Dividend per Share

🟢 POSITIVE ⭐ 8/10

EARNINGS 📅 29 May 2026, 02:44 PM

Dynemic Products Limited reported a robust 32.8% year-on-year growth in consolidated net profit for FY26, reaching ₹19.95 crore. While total revenue grew modestly by 3% to ₹379.06 crore, the bottom line was significantly bolstered by a reduction in finance costs from ₹11.39 crore to ₹9.27 crore. The company also demonstrated strong quarterly performance, with standalone Q4 profit jumping 65% to ₹6.51 crore. Additionally, the board has proposed a final dividend of ₹1.50 per share, reflecting confidence in the company's cash flow position.

Consolidated Net Profit for FY26 grew by 32.8% YoY to ₹1,994.55 Lakhs.
Standalone Q4 FY26 Net Profit surged 65% YoY to ₹650.87 Lakhs.
Finance costs decreased by 18.6% YoY to ₹926.98 Lakhs, improving margins.
Board recommended a final dividend of ₹1.50 per equity share (15% of face value).
Consolidated EPS improved to ₹16.04 from ₹12.44 in the previous fiscal year.

💡 The significant margin expansion and reduction in interest expenses are strong positive signals for long-term investors. The stock remains a solid hold for those seeking a combination of earnings growth and consistent dividend payouts.

View All DYNPRO Announcements on Live Market Tracking →

💰 Financial Performance

Revenue Growth by Segment

The company operates in a single business segment: manufacturing and trading of food colors and chemicals. Consolidated total income for H1 FY26 was INR 183.82 Cr, representing a growth of 3.26% compared to INR 178.01 Cr in H1 FY25. However, Q2 FY26 revenue of INR 89.35 Cr saw an 8.7% decline compared to Q2 FY25 revenue of INR 97.90 Cr.

Profitability Margins

Net Profit Margin for H1 FY26 was approximately 5.04% (INR 9.26 Cr profit on INR 183.82 Cr revenue), an improvement from 3.75% in H1 FY25. This margin expansion is driven by a 16.25% reduction in finance costs and improved operational efficiencies.

EBITDA Margin

The EBITDA margin rose to 13.76% in Q2 FY26, showing a slight improvement over the previous quarter. This was supported by increased capacity utilization and steady market demand for specialty chemicals.

Credit Rating & Borrowing

CRISIL assigned a rating of 'ISSUER NOT COOPERATING' as of February 2020 due to lack of management interaction. Finance costs for H1 FY26 were INR 4.60 Cr, down 16.25% YoY from INR 5.49 Cr, reflecting a reduction in total debt.

⚙️ Operational Drivers

Raw Materials

Cost of materials consumed represents the largest expense at INR 90.96 Cr for H1 FY26, accounting for 49.5% of total revenue. Specific chemical names were not disclosed.

Capacity Expansion

The company has a current total installed capacity of 22,644 MT per annum. This scalable infrastructure is intended to support future growth in the specialty chemicals sector.

Raw Material Costs

Raw material costs were INR 90.96 Cr in H1 FY26, down 2.38% from INR 93.18 Cr in H1 FY25. The company manages these costs through steady procurement despite market demand fluctuations.

Manufacturing Efficiency

Operational performance in Q2 FY26 was bolstered by increased capacity utilization across its 22,644 MTPA infrastructure.

Logistics & Distribution

Other expenses, which include distribution and logistics, amounted to INR 54.04 Cr in H1 FY26, representing 29.4% of total revenue.

📈 Strategic Growth

Growth Strategy

Growth is targeted through the optimization of the 22,644 MTPA installed capacity and leveraging steady demand in the specialty chemicals market. The company focuses on financial prudence, evidenced by a 16.25% reduction in finance costs, to ensure long-term sustainability.

Products & Services

The company manufactures and trades food colors and specialty chemicals used in food, pharmaceutical, and cosmetic industries.

Brand Portfolio

Dynemic.

Market Expansion

The company aims to meet current demand while supporting future growth opportunities in the specialty chemicals sector using its scalable capacity.

Strategic Alliances

The company has an associate, Dynemic Holdings Pvt Ltd, and a subsidiary, Cerecon Bio Sciences Private Limited.

🌍 External Factors

Industry Trends

The specialty chemicals industry is seeing steady demand, particularly for certified food-grade colors. Dynemic is positioned to benefit from this trend due to its extensive regulatory certifications.

Competitive Moat

The company's moat is built on regulatory certifications including ISO 9001, FSSC 22000, FSSAI, EU, USFDA, Kosher, Halal, and WHO-GMP. These certifications are critical for the food and pharma sectors and serve as significant entry barriers.

Consumer Behavior

There is a consistent shift toward high-quality, regulated food colors, which aligns with Dynemic's certified product portfolio.

⚖️ Regulatory & Governance

Industry Regulations

Operations are strictly governed by FSSAI (India), USFDA (USA), and EU regulatory requirements for food-grade products.

Environmental Compliance

The company maintains ISO 14001 certification and is committed to socio-environmental aspects beyond standard compliance norms.

Taxation Policy Impact

The effective tax rate for H1 FY26 was approximately 24.2% (INR 2.96 Cr tax on INR 12.25 Cr PBT).

⚠️ Risk Analysis

Key Uncertainties

The primary business risk is the 'Issuer Not Cooperating' status from CRISIL, which may impact future credit availability. Raw material price volatility also remains a key uncertainty.