Dynamic Cables Ltd
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]
- Market Cap ₹ 817 Cr.
- Current Price ₹ 371
- High / Low ₹ 617 / 164
- Stock P/E 24.1
- Book Value ₹ 87.5
- Dividend Yield 0.13 %
- ROCE 23.9 %
- ROE 19.0 %
- Face Value ₹ 10.0
Pros
- Company has delivered good profit growth of 33.0% CAGR over last 5 years
- Company's working capital requirements have reduced from 118 days to 92.1 days
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
Quarterly Results
Figures in Rs. Crores
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 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
140 | 119 | 260 | 268 | 300 | 357 | 527 | 429 | 343 | 564 | 669 | 706 | |
132 | 110 | 251 | 247 | 281 | 337 | 478 | 384 | 317 | 504 | 606 | 635 | |
Operating Profit | 7 | 10 | 9 | 21 | 19 | 20 | 48 | 45 | 26 | 60 | 62 | 71 |
OPM % | 5% | 8% | 4% | 8% | 6% | 5% | 9% | 11% | 7% | 11% | 9% | 10% |
0 | 0 | 2 | 2 | 5 | 3 | 6 | 3 | 8 | 3 | 4 | 4 | |
Interest | 5 | 7 | 5 | 10 | 9 | 9 | 13 | 15 | 12 | 13 | 16 | 20 |
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 | 46 |
Tax % | 0% | 0% | 30% | 32% | 35% | 35% | 35% | 24% | 26% | 26% | 26% | |
0 | 0 | 3 | 7 | 8 | 7 | 21 | 18 | 10 | 31 | 31 | 34 | |
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 | 15.43 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 7% | 3% | 3% | 6% | 4% | 4% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 13% |
3 Years: | 16% |
TTM: | 6% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 33% |
3 Years: | 19% |
TTM: | 15% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | 68% |
3 Years: | 148% |
1 Year: | 124% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 19% |
3 Years: | 18% |
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 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
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 | 171 |
34 | 37 | 49 | 92 | 86 | 131 | 133 | 122 | 118 | 77 | 82 | 113 | |
38 | 26 | 64 | 42 | 48 | 36 | 68 | 69 | 62 | 125 | 144 | 134 | |
Total Liabilities | 86 | 78 | 133 | 161 | 176 | 238 | 292 | 299 | 297 | 350 | 403 | 440 |
20 | 19 | 18 | 19 | 18 | 56 | 58 | 56 | 55 | 53 | 56 | 56 | |
CWIP | 0 | 0 | 0 | 0 | 10 | 0 | 0 | 0 | 0 | 0 | 3 | 8 |
Investments | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
65 | 58 | 115 | 142 | 148 | 182 | 234 | 243 | 242 | 297 | 345 | 375 | |
Total Assets | 86 | 78 | 133 | 161 | 176 | 238 | 292 | 299 | 297 | 350 | 403 | 440 |
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|
10 | 5 | 10 | -39 | 22 | -23 | 18 | 40 | 17 | 64 | 27 | |
-1 | -1 | -1 | -3 | -14 | -31 | -9 | -8 | -6 | -9 | -16 | |
-9 | -4 | 2 | 33 | -6 | 52 | -9 | -32 | -11 | -55 | -12 | |
Net Cash Flow | -0 | 0 | 11 | -9 | 2 | -2 | 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 | |
---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 108 | 109 | 86 | 99 | 102 | 100 | 107 | 128 | 136 | 103 | 113 |
Inventory Days | 43 | 77 | 52 | 57 | 43 | 58 | 110 | 75 | 58 | ||
Days Payable | 92 | 61 | 56 | 33 | 49 | 68 | 67 | 96 | 88 | ||
Cash Conversion Cycle | 108 | 109 | 36 | 115 | 99 | 124 | 101 | 117 | 179 | 82 | 83 |
Working Capital Days | 58 | 83 | 42 | 118 | 101 | 129 | 102 | 125 | 168 | 93 | 92 |
ROCE % | 15% | 22% | 17% | 13% | 21% | 17% | 11% | 24% | 24% |
Documents
Announcements
- Closure of Trading Window 1d
-
Disclosure Under Regulation 30 Of The SEBI (LODR) Regulations, 2015
12 Mar - Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015 for Show Cause Notice from GST Department.
-
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
27 Feb - Participation schedule of the Company in the Investor Conference, as annexed.
- Disclosure Under Regulation 30 Of The SEBI (LODR) Regulations, 2015 27 Feb
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
6 Feb - Announcement under Regulation 30 of SEBI (LODR), Regulations, 2015- Newspaper Publication.
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]