Dynamic Services Wins ₹4.18 Cr West Bengal Contract
Dynamic Services & Security Ltd announced that it has been awarded a facility‑management work order by West Bengal Medical Services Corporation Ltd for the operation of two mental hospitals in West Bengal. The contract is valued at Rs 4.18 crore (the detailed section of the article also cites Rs 4.17 crore) and will be executed from 1 October 2026 to 31 March 2027, providing a six‑month revenue stream.
The order expands the company’s institutional healthcare client portfolio but, on its own, is too small to materially shift the firm’s annual earnings given its FY26 scale. Dynamic Services’ consolidated revenue for FY26 stood at Rs 490.9 crore, up from Rs 274.7 crore in FY25, representing roughly 79 % year‑on‑year growth. Operating profit rose from Rs 35.8 crore to Rs 76.6 crore, while net profit increased from Rs 16.9 crore to Rs 43.2 crore. The operating margin improved from around 13 % to 16 %.
Historical sales growth shows consolidated sales moving from Rs 82 crore in FY23 to Rs 119 crore in FY24, then to Rs 275 crore in FY25, and finally to Rs 491 crore in FY26. Net profit over the same period progressed from Rs 10 crore to Rs 9 crore, then to Rs 21 crore, and Rs 47 crore respectively, underscoring accelerating profitability despite occasional year‑to‑year fluctuations.
The balance sheet reflects the capital required for rapid expansion. Consolidated borrowings grew from Rs 119 crore in FY25 to Rs 234 crore in FY26, while total assets expanded from Rs 389 crore to Rs 662 crore. The company’s market capitalisation is Rs 324.9 crore, and its shares traded at Rs 138.15, down 2.54 % from the prior close of Rs 141.75.
Industry context: India’s facility‑management market was estimated at US$13 billion in 2025 and is projected to grow at a 9.3 % compound annual growth rate through FY30, driven by outsourcing in commercial real estate, manufacturing, infrastructure, and institutional sectors. The sector remains highly fragmented, offering organized players like Dynamic Services opportunities to capture larger, recurring‑revenue contracts, especially in healthcare where outsourcing of non‑core functions is increasing.
The article concludes that while the Rs 4 crore hospital contract is modest, it signals the company’s ability to accumulate institutional customers as it scales from Rs 119 crore in FY24 revenue to nearly Rs 491 crore in FY26. Sustaining this pace while managing leverage and cash conversion will be critical for transforming facility‑management into a larger, more predictable business line.
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