IT stock jumps 14% after receiving order worth ₹75 Cr from J&K Bank

Synopsis: This small-cap IT stock jumped 14% and was in the news following the Rs 75 crore order it bagged from Jammu and Kashmir Bank Ltd for deploying several advanced desktops, which will operate on an Opex-based DaaS model. 

The shares of this company, which provides IT infrastructure-related activities like modernising enterprise IT using HCI, SDS, virtualisation, and hybrid/multi-cloud setups, along with backup and DR, and provides services to major BFSI and government clients (e.g., Canara Bank, BoM), had its shares in the news after they skyrocketed following the announcement of bagging an order from J&K Bank. 

With the market cap of Rs 1,249 crore, the shares of Dynacons Systems & Solutions Ltd had hit their intraday high at Rs 983, rising by about 14 per cent compared to their previous day’s closing price of Rs 862.70 . The shares are trading at a PE of 15.4, whereas its industry PE is at 32.5, and have given a return of 2,068% in the last 5 years. 

About the order 

Dynacons has secured a major milestone contract worth Rs 74.99 crore from Jammu & Kashmir Bank, marking a significant win in the company’s digital workplace solutions portfolio. The bank, which operates across more than 1,000 branches nationwide, is undergoing a large-scale digital transformation to strengthen its IT infrastructure and enhance customer-facing efficiency. Choosing Dynacons for this initiative reflects the bank’s confidence in the company’s ability to deliver secure, scalable, and modern digital solutions at a national scale.

As part of the project, Dynacons will deploy 9,851 advanced desktops across 1,019 branches using a Device-as-a-Service (DaaS) model over five years. This model shifts the bank to an Opex-based framework, covering the entire device lifecycle from procurement, configuration, ongoing support, security updates, and even e-waste management. This not only provides predictable IT costs but also reduces the operational burden on the bank’s internal teams. It further supports remote and hybrid work environments and aligns with the bank’s broader goals of building a more agile and resilient digital ecosystem.

For Dynacons, the project reinforces its standing as a trusted partner for large-scale IT modernisation across India. With deep expertise in infrastructure management, cloud, network integration, and enterprise IT services, the company is well-positioned to deliver a seamless, future-ready solution. This win strengthens Dynacons’ visibility in the BFSI sector and highlights its capability to execute mission-critical digital transformation programmes across multi-location enterprises.

Financials and more

The revenue from operations for the company stands at Rs 352 crores in Q2 FY26 compared to Q2 FY25 revenue of Rs 306 crores, growing by about 15 per cent YoY. Similarly, the net profit stood at Rs 23 crore in Q2 FY26, up from Rs 18 crore in Q2 FY25, giving a growth of about 28 per cent. 

Dynacons Systems & Solutions Ltd. is a seasoned IT company that has grown with a global outlook since its start in 1995. Headquartered in Mumbai and spread across India, the company supports organisations by designing and integrating large network and data centre infrastructures, supplying the necessary equipment and software, and managing multi-location IT setups both onsite and remotely. Over the years, Dynacons has earned a strong customer base, built a diverse and capable talent pool, and developed a reliable service delivery system.

Its enterprise services cover the full spectrum of IT and office automation needs—from managed infrastructure services, break-fix support, and managed print solutions to cloud computing, systems integration, and application development and maintenance. By offering end-to-end technology services and combining deep industry knowledge with expertise in both traditional and modern technologies, Dynacons positions itself as a dependable partner for companies navigating digital transformation across various sectors.

Written by Leon Mendonca. 

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