This smallcap IT stock gives more than 1900% returns in five years

Dynacons Systems & Solutions (DSSL) stock has given substantial returns to investors, rising from Rs 2.75 in January 2014 to Rs 692 on Monday, January 15, 2024 on the National Stock Exchange (NSE). This is a significant increase of more than ten. The year highlights the potential for substantial gains for investors.

Dynacons Systems & Solutions Limited (DSSL), known for its expertise in system integration, networking and software services, has won a mega order worth Rs 137 crore from Bharat Heavy Electricals Limited (BHEL). The 5-year contract involves DSSL supplying high-performance digital workplace solutions including desktops, workstations, LED projectors and UPS to BHEL offices and factories across the country.

Dynacons Systems & Solutions Ltd. (DSSL), a micro-cap company highlights its strengths with a market capitalization of Rs 875.75 crore. The stock hit a 52-week high of Rs 849 and low of Rs 284.55. Investors got substantial returns of 28% in the last six months with an impressive one-year profit margin of 60%. DSSL has gained a remarkable 1923% in the last five years, giving an astonishing return of 22,000% in a decade.

On 10 January 2014, the share price of DSSL on NSE was Rs 2.75. Today, the share price has increased significantly to Rs 692. For an investor who had invested Rs 1 lakh in this stock ten years ago and kept the investment intact, the value has now reached an impressive Rs 2.5 crore – a substantial increase of Rs 25,163,636.

In the second quarter of the current financial year, Dynacons Systems & Solutions Ltd. reported a remarkable 44.44% YoY growth in net profit, which reached Rs 13 crore. Similarly, profit before tax also saw an annual growth of 41.67%, which totaled Rs 17 crore. However, the company experienced a 10.57% decline in sales to Rs 220 crore in Q2FY24 compared to the same period in FY23.

Dynacons Systems & Solutions Limited is emerging as a significant IT systems integrator and managed services provider, providing a variety of IT infrastructure solutions and outsourcing services to businesses. The company excels in many aspects of IT infrastructure, providing specialized design and consulting services.