Dynamic Cables Ltd

Dynamic Cables Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Dynamic Cables Ltd

₹ 261 15.80%
09 Jun 12:23 p.m.
dynamiccables.co.in BSE: 540795 NSE : DYCL
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 public limited co as “Dynamic cables Ltd”. [1]

Website BSE NSE
  • Market Cap ₹ 575 Cr.
  • Current Price ₹ 261
  • High / Low ₹ 268 / 93.0
  • Stock P/E 18.6
  • Book Value ₹ 80.6
  • Dividend Yield 0.21 %
  • ROCE 24.0 %
  • ROE 19.1 %
  • Face Value ₹ 10.0
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Pros

  • Company has delivered good profit growth of 33.1% CAGR over last 5 years
  • Company's working capital requirements have reduced from 118 days to 92.1 days

Cons

  • Company's cost of borrowing seems high

* 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

Jun 2017 Sep 2017 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023
87.26 77.18 88.32 139.21 114.49 133.33 143.10 172.66 157.98 173.39 158.79 178.46
82.25 75.21 82.55 127.63 102.47 117.73 126.32 157.21 143.77 158.55 144.06 159.48
Operating Profit 5.01 1.97 5.77 11.58 12.02 15.60 16.78 15.45 14.21 14.84 14.73 18.98
OPM % 5.74% 2.55% 6.53% 8.32% 10.50% 11.70% 11.73% 8.95% 8.99% 8.56% 9.28% 10.64%
1.59 0.63 0.37 0.69 0.65 0.49 0.95 0.63 0.53 0.97 0.47 1.15
Interest 3.10 2.02 3.72 2.66 3.45 3.27 3.74 2.56 3.36 3.96 3.97 4.93
Depreciation 0.41 0.51 2.10 2.33 1.91 1.96 2.04 2.14 1.80 1.90 2.08 2.14
Profit before tax 3.09 0.07 0.32 7.28 7.31 10.86 11.95 11.38 9.58 9.95 9.15 13.06
Tax % 33.66% 400.00% 37.50% 26.65% 25.17% 27.62% 24.02% 25.48% 25.26% 27.44% 27.43% 23.58%
Net Profit 2.05 -0.21 0.20 5.34 5.47 7.85 9.09 8.48 7.17 7.22 6.64 9.98
EPS in Rs 1.90 -0.13 0.09 2.43 2.48 3.57 4.13 3.85 3.26 3.28 3.02 4.53
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
140 119 260 268 300 357 527 429 343 564 669
132 110 251 247 281 337 478 384 317 504 606
Operating Profit 7 10 9 21 19 20 48 45 26 60 63
OPM % 5% 8% 4% 8% 6% 5% 9% 11% 7% 11% 9%
0 0 2 2 5 3 6 3 8 3 3
Interest 5 7 5 10 9 9 13 15 12 13 16
Depreciation 2 2 2 2 2 2 8 9 8 8 8
Profit before tax 0 0 4 10 12 11 33 24 13 42 42
Tax % 0% 0% 30% 32% 35% 35% 35% 24% 26% 26% 26%
Net Profit 0 0 3 7 8 7 21 18 10 31 31
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
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: 19%
Compounded Profit Growth
10 Years: %
5 Years: 33%
3 Years: 20%
TTM: 0%
Stock Price CAGR
10 Years: %
5 Years: 41%
3 Years: 108%
1 Year: 97%
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
8 9 10 10 11 22 22 22 22 22 22
Reserves 5 6 10 17 31 49 70 86 95 126 155
34 37 49 92 86 131 133 122 118 77 82
38 26 64 42 48 36 68 69 62 126 144
Total Liabilities 86 78 133 161 176 238 292 299 297 350 403
20 19 18 19 18 56 58 56 55 53 56
CWIP 0 0 0 0 10 0 0 0 0 0 3
Investments 1 1 0 0 0 0 0 0 0 0 0
65 58 115 142 148 182 234 243 242 298 345
Total Assets 86 78 133 161 176 238 292 299 297 350 403

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%

Shareholding Pattern

Numbers in percentages

2 Recently
Mar 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023
74.05 74.07 74.11 74.16 74.16 74.16 74.28 74.35 74.36 74.39 74.41 74.43
0.03 0.03 0.03 0.03 0.03 0.03 0.05 0.10 0.10 0.13 0.28 0.10
25.92 25.91 25.86 25.81 25.81 25.81 25.66 25.55 25.54 25.48 25.30 25.47

* 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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Documents

Announcements

Annual reports

Credit ratings

Concalls

  • Aug 2022
    Transcript
    Notes
    PPT
  • Sep 2021
    Transcript
    Notes
    PPT
  • Oct 2020
    Transcript
    Notes
    PPT