demoralise vs dismay

demoralise is not a noun while dismay is a noun.

Word	Noun	Adjective	Verb	Adverb
demoralise	No	No	Yes	No
dismay	Yes	No	Yes	No

As verbs, demoralise and dismay are synonyms defined as:

Other synonyms of demoralise include cast down, deject, demoralize, depress, dispirit, get down.

demoralise (noun)	dismay (noun)
	fear resulting from the awareness of danger
	the feeling of despair in the face of obstacles

demoralise (verb)	dismay (verb)
lower someone's spirits; make downhearted	fill with apprehension or alarm; cause to be unpleasantly surprised
corrupt morally or by intemperance or sensuality	lower someone's spirits; make downhearted