Stock jumps after receiving order worth ₹12.35 Cr for rooftop solar project in Kolkata

Published 04-12-2024, 02:51 pm
Updated 04-12-2024, 06:15 pm
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This Microcap stock deals in the Conservancy, Mechanized Cleaning, Housekeeping, Catering, Man Power Supply, and Security in focus after the company received a work order from SU Ndigo Solar Solutions worth Rs. 12.35 crore.

Price Action (WA:ACT)

With a market capitalization of Rs. 493.83 Crores, the shares of Dynamic Services and Security Limited in focus after stock touching a day’s high of Rs. 373.80 per share. The stock was up by 2 percent from the previous closing price of Rs. 366.50 apiece. The stock has delivered a return of 194 percent over the past year and outperformed the Nifty Index.

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What Happened

The movement in stock price was due to the order received from SU Ndigo Solar Solutions Private Limited worth Rs. 12.35 crore for Design, Engineering, Manufacturing, Procurement and Supply. They need to install, test, and Commission of cumulative 2.30 MWP of Roof Mounted Grid which is connected to the Solar Photo Voltaic Power Plant including a 10-year maintenance contract post 1-year warranty at Khidirpore Dock-II in Kolkata.

The period for the order to be executed from 03rd December 2024 and the conclusion is to be done by 29th September 2025.

About the Company

Dynamic Services & Security Ltd (NS:DYNS) was founded in 2001. They specialize in providing facility management services which include mechanized cleaning, housekeeping, catering, manpower supply, and security services. They primarily serve government agencies, corporate sectors, and educational institutions across India.

Their business model focuses on delivering tailored solutions to meet client needs while leveraging a skilled workforce and established relationships with clients like the Indian Army and Indian Railways. Dynamic Services aims to improve operational efficiency for its clients.

Products and Services

They offer a range of services which includes mechanized cleaning, housekeeping, catering, manpower supply, and security services.

Financials & Ratios

Its Revenue from operations increased by 32.7 percent year on year from Rs. 55 Crores in H1FY24 to Rs. 73 Crores in H1FY25, accompanied by profits of Rs. 4 Crores to Rs. 7 Crores.

In the return ratios, the return on equity (RoE) in FY24 stood at around 11.89 percent, and the return on capital employed was around 16.53 percent. The debt-to-equity ratio stood around 0.35 as of FY24.

Shareholding Pattern

As of September 2024, the shareholding pattern with the promoter’s stake holding a share of 62.34 percent in Dynamic Services and Security, Foreign Institutional Investors (FII) holding around 0.09 percent, and the public holding around 37.58 percent.

Written by Santhosh S

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