Shares of this microcap company jumped up to 4 percent in Tuesday’s trading session after receiving an order worth Rs. 16.10 Million.
With a market capitalisation of Rs. 149 crores, the shares of Dynamic Services and Security Ltd started Tuesday’s trading session on a flatter note at Rs. 111 compared to its previous close of Rs. 111.25. During the trading session, the shares hit a high of Rs. 116.15, gaining around 4 percent and currently trading at Rs. 109 apiece.
Such a bullish movement in the share price was observed after the company in an exchange filing announced that it had received an order from order from the Superintendent, E.S.I. Hospital, Sealdah to engage personnel to provide conservancy services for 2 years. The contract value is approx. 16.10 million. The company has to enter into an agreement within 15 days of receipt of the work order with the Superintendent, of ESI Hospital.
Coming onto the company’s financial statement, the revenue increased marginally by 1.3 percent from Rs. 72 crores during FY21-22 to Rs. 73 crores in FY22-23. In addition, the net profits magnified from Rs. 2 crores to Rs. 10 crores during the same period.
Due to increasing operating revenue and profits on a YoY basis, the profitability metrics of the company improved with the return on equity (RoE) increasing from 4.74 percent during FY 21-22 to 18.26 percent in FY 22-23, and, the return on capital employed (RoCE) zoomed from 7.97 percent to 20.06 percent during the same timeframe. Furthermore, the net profit margin increased from 3.02 percent during FY21-22 to 13.24 percent during FY22-23.
Looking at the latest shareholding pattern, the Promoters have a 64.99 percent stake, Retail investors have 34.99 percent shares and the remaining 0.01 percent of stakes are with the DIIs.
Headquartered in Kolkata, Dynamic Services and Security was incorporated in 2016. The company provides Mechanized Cleaning, Conservancy, Housekeeping, and Catering. They also provide Security Guarding and Manpower Solutions to government agencies like the Indian Army, Indian Navy, Indian Air Force, Indian Railways and Webel Technology Limited.
Written By Vaibhav Patil
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