This paper proposes to present a novel method of generating cryptographic dynamic substitution-boxes, which makes use of the combined effect of discrete hyperchaos mapping and algebraic group theory. Firstly, an improved 2D hyperchaotic map is proposed, which consists of better dynamical behaviour in terms of large Lyapunov exponents, excellent bifurcation, phase attractor, high entropy, and unpredictability. Secondly, a hyperchaotic key-dependent substitution-box generation process is designed, which is based on the bijectivity-preserving effect of multiplication with permutation matrix to obtain satisfactory configuration of substitution-box matrix over the enormously large problem space of 256!. Lastly, the security strength of obtained S-box is further elevated through the action of proposed algebraic group structure. The standard set of performance parameters such as nonlinearity, strict avalanche criterion, bits independent criterion, differential uniformity, and linear approximation probability is quantified to assess the security and robustness of proposed S-box. The simulation and comparison results demonstrate the effectiveness of proposed method for the construction of cryptographically sound S-boxes.