Status: Pending
Age: New (14/08/2025)
ICICI Securities Recommends Reduce on Dynamatic Technologies with Target of ₹5960
Brokerage
ICICI Securities
Analyst
Brokerage Team
Position
Bearish
Start Date
14/08/2025
Horizon
Mid Term
Target Price and Expected Returns
Start Price
₹6,457.50
Target Price
₹5960
Expected Returns
-8.00%
Summary
ICICI Securities downgraded Dynamatic Technologies with a target price of ₹5960, citing a decline in EBITDA margins and pressure in certain segments.
ICICI Securities's justification for Dynamatic Technologies target price prediction
- EBITDA margins receded to 10.2% due to margin erosion across segments.
- Revenue expansion of 7.1% YoY was driven by aerospace growth but offset by hydraulics decline.
- Metalurgy segment faces ongoing weakness in the German automotive sector.
- Net debt spiked to ₹4.35bn, indicating a rise in financial leverage.
- Target price of ₹5960 is based on 40x FY27E EPS.
Sources:
https://www.moneycontrol.com/news/business/stocks/reduce-dynamatic-technologies-target-of-rs-5960-icici-securities-13484752.html
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