Multibagger stock engaged in the business of designing and building highly engineered products for Aerospace, Hydraulic, Metallurgy and many more jumped 13 percent from the day’s low upon signing an agreement related to Falcon X.
The shares of Dynamatic Technologies Limited closed at Rs. 5,745, up 9.41 percent from its previous day’s close price of Rs. 5,250.85 and its market capitalization is Rs. 3,890 Crores. It has delivered multibagger returns of 130 percent in a year.
Dynamatic Technologies Limited has signed a long-term contract with Dassault Aviation, a world-renowned aerospace manufacturer, for the manufacturing and assembly of flight-critical aerostructures for the Falcon 6X.
As part of the Make in India initiative, Dynamatic Technologies will leverage its expertise in precision engineering and state-of-the-art facilities to manufacture and assemble critical aero structures for Dassault’s flagship Falcon 6X aircraft under this agreement.
This collaboration further strengthens the partnership between the two companies, while showcasing Dynamatic’s position as a preferred supplier of aerostructures in the aerospace industry, promoting the growth of indigenous manufacturing in India.
The Falcon 6X is a highly advanced business jet that combines unrivaled comfort with exceptional performance. Known for its range, efficiency, and advanced technological features, the Falcon 6X is set to redefine the business aviation industry.
Dynamatic Technologies Limited is engaged in the business of designing and building highly engineered products for Aerospace, Hydraulic, Metallurgy, and Security applications.
Its revenue from operations grew 4.98 percent from Rs. 1,253.37 Crores in FY22 to Rs. 1,315.77 Crores in FY23, accompanied by increasing profits of Rs. 32.06 Crores to Rs. 42.79 Crores.
It has reported a return on equity (ROE) of 9.22 percent and a return on capital employed (ROCE) of 10.4 percent, it is making decent returns on its equity and capital employed, as it is not able to generate revenue and profit with a consistent growth.
Written by: Bharath K.S
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