Multibagger stock engaged in the business of providing Security & Man Power Supply, Web development, digitalization, and other services hit a 5 percent upper circuit following strategic business agreement and acquisition. 

Price Action 

With a market capitalization of Rs. 362 Crores, the shares of Dynamic Services and Security Limited hit a 5 percent upper circuit in the day’s trade at Rs. 263.60 per equity share, from its previous day’s close price of Rs. 251.05. It has delivered multibagger returns of 654 percent in a year. 

What Happened 

Dynamic Services and Security Limited’s subsidiary company Dynamic Solar Green Limited has been authorized by NACOF OORJA Private Limited to utilize the full capacity of the 5000 MW solar park in the state of Rajasthan, approved by Rajasthan Renewable Energy Corporation Limited. It is for the purpose of signing Power Purchase Agreements (PPAs) exclusively with open access across India. 

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How will it benefit 

This authorization grants Dynamic Solar Green Limited the full authority to facilitate the signing and execution of the Power Purchase Agreement with any 

institution/business/industry/industrial body. 

Dynamic Solar Green Limited is empowered to negotiate, finalize, and enable the signing of PPAs on behalf of NACOF OORJA Private Limited for the utilization of electricity generated from the said 5000 MW solar park, with 1000 MW tranches at a time. 

In Addition, Dynamic Solar Green Limited has entered into a share purchase agreement with Nacof Nithin Sai Green Energy Pvt. Limited to acquire 49 percent of stake in it to expand its offerings to the solar energy business. 

About the company 

Dynamic Services and Security Limited is engaged in the business of providing Mechanized Cleaning, Conservancy, Housekeeping, Catering, Security & Man Power Supply, Web development, digitalization many more.

Financials and Ratios 

Its revenue from operations grew by 42.83 percent from Rs. 73 Crores in FY23 to Rs. 104 Crores in FY24, accompanied by profits of Rs. 10 Crores to Rs. 9 Crores. 

In terms of Return ratios, it has reported a return on equity (ROE) of 15.5 percent, and a return on capital employed (ROCE) of 20.8 percent. It has reported a debt-to-equity ratio of 0.32. 

Written by: Bharath K.S


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