Dynamic Cables Ltd

Dynamic Cables Ltd

₹ 610 -2.22%
14 Jun - close price
About

Dynamic Cables Ltd. is a manufacturer of power infra cables that includes LT, HT, EHVC, Power control & instrumentation cables, flexible & industrial cables, solar cables and railway signaling cables. It supplies cables to Government Discom, Private Distribution companies, Private EPC contractors, industrial and Export clients. Co. has 3 manufacturing plants situated at Jaipur and Reengus. Business operations are managed through a corporate office in Jaipur and 5 regional sales offices across India. [1]

Key Points

History
The business started in 1986 as a manufacturer of super enameled & DPC wires for transformers. In 1995, it started manufacturing overhead conductors. In 2007, it was incorporated as Dynamic Cables Pvt. Ltd. In 2017 the co came with its IPO and subsequently got converted into a public limited co as “Dynamic Cables Ltd”. [1] [2]

  • Market Cap 1,343 Cr.
  • Current Price 610
  • High / Low 680 / 299
  • Stock P/E 35.6
  • Book Value 97.2
  • Dividend Yield 0.08 %
  • ROCE 24.1 %
  • ROE 19.3 %
  • Face Value 10.0

Pros

Cons

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Cables Industry: Cables - Power

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Quarterly Results

Figures in Rs. Crores

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
139 114 133 143 173 158 173 159 178 181 154 192 241
128 102 118 126 157 144 159 144 159 161 140 174 215
Operating Profit 12 12 16 17 15 14 15 15 19 20 13 18 25
OPM % 8% 10% 12% 12% 9% 9% 9% 9% 11% 11% 9% 9% 11%
1 1 0 1 1 1 1 0 1 1 1 1 1
Interest 3 3 3 4 3 3 4 4 5 4 5 6 5
Depreciation 2 2 2 2 2 2 2 2 2 2 2 2 3
Profit before tax 7 7 11 12 11 10 10 9 13 15 7 10 18
Tax % 27% 25% 28% 24% 25% 25% 27% 27% 24% 24% 30% 27% 25%
5 5 8 9 8 7 7 7 10 11 5 8 14
EPS in Rs 2.43 2.48 3.57 4.13 3.85 3.26 3.28 3.02 4.53 5.17 2.31 3.42 6.26
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
140 119 260 268 300 357 527 429 343 564 669 768
132 110 251 247 281 337 478 384 317 504 606 691
Operating Profit 7 10 9 21 19 20 48 45 26 60 62 77
OPM % 5% 8% 4% 8% 6% 5% 9% 11% 7% 11% 9% 10%
0 0 2 2 5 3 6 3 8 3 4 3
Interest 5 7 5 10 9 9 13 15 12 13 16 21
Depreciation 2 2 2 2 2 2 8 9 8 8 8 9
Profit before tax 0 0 4 10 12 11 33 24 13 42 42 51
Tax % 0% 0% 30% 32% 35% 35% 35% 24% 26% 26% 26% 26%
0 0 3 7 8 7 21 18 10 31 31 38
EPS in Rs 0.40 0.38 2.54 6.80 7.42 3.38 9.64 8.28 4.47 14.04 14.09 17.16
Dividend Payout % 0% 0% 0% 0% 0% 7% 3% 3% 6% 4% 4% 3%
Compounded Sales Growth
10 Years: %
5 Years: 8%
3 Years: 31%
TTM: 15%
Compounded Profit Growth
10 Years: %
5 Years: 12%
3 Years: 57%
TTM: 22%
Stock Price CAGR
10 Years: %
5 Years: 74%
3 Years: 134%
1 Year: 106%
Return on Equity
10 Years: %
5 Years: 18%
3 Years: 20%
Last Year: 19%

Balance Sheet

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 8 9 10 10 11 22 22 22 22 22 22 22
Reserves 5 6 10 17 31 49 70 86 95 126 155 192
34 37 49 92 86 131 133 122 118 77 82 119
38 26 64 42 48 36 68 69 62 125 144 165
Total Liabilities 86 78 133 161 176 238 292 299 297 350 403 499
20 19 18 19 18 56 58 56 55 53 56 63
CWIP 0 0 0 0 10 0 0 0 0 0 3 7
Investments 1 1 0 0 0 0 0 0 0 0 0 1
65 58 115 142 148 182 234 243 242 297 345 428
Total Assets 86 78 133 161 176 238 292 299 297 350 403 499

Cash Flows

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
10 5 10 -39 22 -23 18 40 17 64 27 1
-1 -1 -1 -3 -14 -31 -9 -8 -6 -9 -16 -16
-9 -4 2 33 -6 52 -9 -32 -11 -55 -12 15
Net Cash Flow -0 0 11 -9 2 -2 0 -0 0 -0 0 0

Ratios

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 108 109 86 99 102 100 107 128 136 103 113 121
Inventory Days 43 77 52 57 43 58 110 75 58 74
Days Payable 92 61 56 33 49 68 67 96 88 89
Cash Conversion Cycle 108 109 36 115 99 124 101 117 179 82 83 106
Working Capital Days 58 83 42 118 101 129 102 125 168 93 92 111
ROCE % 15% 22% 17% 13% 21% 17% 11% 24% 24%

Shareholding Pattern

Numbers in percentages

14 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
74.16% 74.16% 74.28% 74.35% 74.36% 74.39% 74.41% 74.43% 74.44% 74.44% 74.45% 74.47%
0.03% 0.03% 0.05% 0.10% 0.10% 0.13% 0.28% 0.10% 0.35% 0.10% 0.08% 0.03%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.09% 0.08% 0.07%
25.81% 25.81% 25.66% 25.55% 25.54% 25.48% 25.30% 25.47% 25.20% 25.37% 25.37% 25.44%
No. of Shareholders 2,0542,9483,8246,4116,5517,36811,67115,88922,29535,36337,16036,635

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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