Dynamic Cables Ltd

About [ edit ]

Dynamic Cables is one of the leading manufacturers and suppliers of cables & conductors.(Source : 201903 Annual Report Page No: 32)

  • Market Cap 59.6 Cr.
  • Current Price 27.0
  • High / Low 36.8 / 15.6
  • Stock P/E 3.26
  • Book Value 49.7
  • Dividend Yield 0.92 %
  • ROCE 17.2 %
  • ROE 18.2 %
  • Face Value 10.0

Pros

  • Stock is trading at 0.54 times its book value
  • Company has delivered good profit growth of 48.47% CAGR over last 5 years

Cons

  • The company has delivered a poor sales growth of 10.48% over past five years.
  • Contingent liabilities of Rs.72.12 Cr.

Peer comparison

Sector: Cables Industry: Cables - Power

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Quarterly Results

Figures in Rs. Crores

Jun 2017 Sep 2017 Dec 2020
87.26 77.18 88.32
82.25 75.21 82.55
Operating Profit 5.01 1.97 5.77
OPM % 5.74% 2.55% 6.53%
Other Income 1.59 0.63 0.37
Interest 3.10 2.02 3.72
Depreciation 0.41 0.51 2.10
Profit before tax 3.09 0.07 0.32
Tax % 33.66% 400.00% 37.50%
Net Profit 2.05 -0.21 0.20
EPS in Rs 1.90 -0.13 0.09

Profit & Loss

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
140 119 260 268 300 357 527 429
132 110 251 247 281 337 478 383
Operating Profit 7 10 9 21 19 20 48 45
OPM % 5% 8% 4% 8% 6% 5% 9% 11%
Other Income 0 0 2 2 5 3 6 3
Interest 5 7 5 10 9 9 13 15
Depreciation 2 2 2 2 2 2 8 9
Profit before tax 0 0 4 10 12 11 33 24
Tax % 0% 0% 30% 32% 35% 35% 35% 24%
Net Profit 0 0 3 7 8 7 21 18
EPS in Rs 0.40 0.38 2.54 6.80 7.42 3.38 9.64 8.32
Dividend Payout % 0% 0% 0% 0% 0% 7% 3% 3%
Compounded Sales Growth
10 Years:%
5 Years:10%
3 Years:13%
TTM:-19%
Compounded Profit Growth
10 Years:%
5 Years:48%
3 Years:31%
TTM:-14%
Stock Price CAGR
10 Years:%
5 Years:%
3 Years:-15%
1 Year:35%
Return on Equity
10 Years:%
5 Years:21%
3 Years:20%
Last Year:18%

Balance Sheet

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
8 9 10 10 11 22 22 22
Reserves 5 6 10 17 31 49 70 87
Borrowings 34 37 49 92 86 131 133 122
38 26 64 42 48 36 68 70
Total Liabilities 86 78 133 161 176 238 292 301
20 19 18 19 18 56 58 56
CWIP 0 0 0 0 10 0 0 0
Investments 1 1 0 0 0 0 0 0
65 58 115 142 148 182 234 245
Total Assets 86 78 133 161 176 238 292 301

Cash Flows

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
10 5 10 -39 22 -23 18 37
-1 -1 -1 -3 -14 -31 -9 -8
-9 -4 2 33 -6 52 -9 -29
Net Cash Flow -0 0 11 -9 2 -2 0 -0

Ratios

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % 15% 22% 17% 13% 21% 17%
Debtor Days 108 109 86 99 102 100 107 130
Inventory Turnover 0.00 6.02 6.23 7.32 8.94 6.60

Shareholding Pattern

Numbers in percentages

Mar 2018 Sep 2018 Mar 2019 Sep 2019 Mar 2020 Sep 2020 Dec 2020 Mar 2021
73.45 73.59 74.04 74.05 74.05 74.07 74.11 74.16
0.00 0.01 0.01 0.01 0.03 0.03 0.03 0.03
26.55 26.40 25.95 25.93 25.92 25.91 25.86 25.81

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