Dynamic Services in green after receiving orders from North Central Railways

This leading battery manufacturing specialist, recognised for its high-quality lead-acid cells and industrial power solutions, continues to strengthen its railway sector presence. The company has secured significant new contracts from two major railway zones for specialised battery systems and secondary cells.

Share Price Movement 

The share price of Dynamic Services & Security Limited went up 2.43 percent to Rs. 291 per share on Friday, an increase from its previous close of Rs. 284.1 per share. The market capitalization now stands at approximately Rs. 400 crore as of February 07, 2025.

Recent Update  

Bharat Battery Mfg Co Private Limited, a subsidiary of Dynamic Services & Security Limited (DSSL), has received orders from South Eastern Railway and North Central Railway.  For South Eastern Railway, the order includes low-maintenance lead-acid secondary cells worth Rs. 6.03 lakh.  The north-central railway order includes a lead-acid battery 8V 500 Ah, worth Rs. 1.74 cr.

Financial Highlights

The company’s revenue grew from Rs. 72 crore in FY22 to Rs. 82 crore in FY23 with a growth rate of 13.9 percent and further to Rs. 119 crore in FY24 with a growth rate of 45.1 percent. Profit increased from Rs. 2 crore in FY22 to Rs. 10 crore in FY23, reflecting a 400 percent surge, but declined to Rs. 9 crore in FY24, showing a 10 percent drop.

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Competitors 

Dynamic Services & Security competes with Future Market Networks Ltd, Alphageo India Ltd, Aro Granite Industries Ltd, RattanIndia Enterprises Ltd, and Prozone Realty Ltd.

Dynamic Services & Security is currently trading at a P/E of 32.5, which is above the industry P/E of 26.5.

Market Outlook

The services export sector in India has seen strong growth, surpassing its target of USD 300 billion by reaching USD 322.72 billion in 2022-23. With a 42% increase from the previous year, the Services Export Promotion Council projects exports could hit USD 400 billion in 2023-24.

The sector offers opportunities in value-added services, expanding into new markets, and benefiting from government initiatives. However, it faces threats from rising competition, changing policies, higher labour costs, and potential margin pressures.

Written By Fazal Ul Vahab C H

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