Dynamic Cables Ltd

Dynamic Cables Ltd

₹ 308 -4.48%
15 May - 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

Product Portfolio
The company manufactures conductors & cables which widely include manufacturing of LV, MV, and HV Power Cables, Aerial Bunched Cables, All Aluminium conductors, All Aluminium Alloy Conductor, Railway signaling cables, etc. [1]

  • Market Cap 1,492 Cr.
  • Current Price 308
  • High / Low 527 / 237
  • Stock P/E 17.7
  • Book Value 94.4
  • Dividend Yield 0.08 %
  • ROCE 26.7 %
  • ROE 20.3 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company has delivered good profit growth of 53.8% CAGR over last 5 years

Cons

  • Promoter holding has decreased over last 3 years: -6.25%

* 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.

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Quarterly Results

Figures in Rs. Crores

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
178 181 154 192 241 209 234 252 331 262 282 299 355
159 161 140 174 215 187 210 226 297 235 251 265 318
Operating Profit 19 20 13 18 25 22 24 26 34 27 31 34 38
OPM % 11% 11% 9% 9% 11% 10% 10% 10% 10% 10% 11% 11% 11%
1 1 1 1 1 1 2 2 1 3 1 2 1
Interest 5 4 5 6 5 5 5 4 2 3 3 3 3
Depreciation 2 2 2 2 3 3 3 3 3 3 3 3 3
Profit before tax 13 15 7 10 18 16 18 21 31 24 26 30 32
Tax % 24% 24% 30% 27% 25% 26% 24% 25% 23% 25% 25% 25% 25%
10 11 5 8 14 12 14 16 24 18 20 22 24
EPS in Rs 2.27 2.59 1.16 1.71 3.13 2.39 2.86 3.26 4.86 3.75 4.05 4.63 4.99
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Profit & Loss

Figures in Rs. Crores

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
260 268 300 357 527 429 343 564 669 768 1,025 1,198
251 247 281 337 478 384 317 504 606 691 920 1,068
Operating Profit 9 21 19 20 48 45 26 60 63 77 105 130
OPM % 4% 8% 6% 5% 9% 11% 7% 11% 9% 10% 10% 11%
2 2 5 3 6 3 8 3 3 3 6 7
Interest 5 10 9 9 13 15 12 13 16 21 15 11
Depreciation 2 2 2 2 8 9 8 8 8 9 11 12
Profit before tax 4 10 12 11 33 24 13 42 42 51 86 113
Tax % 30% 32% 35% 35% 35% 24% 26% 26% 26% 26% 24% 25%
3 7 8 7 21 18 10 31 31 38 65 84
EPS in Rs 1.27 3.40 3.70 1.69 4.82 4.14 2.24 7.02 7.05 8.58 13.36 17.43
Dividend Payout % 0% 0% 0% 7% 3% 3% 6% 4% 4% 3% 2% 3%
Compounded Sales Growth
10 Years: 16%
5 Years: 28%
3 Years: 21%
TTM: 17%
Compounded Profit Growth
10 Years: 29%
5 Years: 54%
3 Years: 40%
TTM: 30%
Stock Price CAGR
10 Years: %
5 Years: 87%
3 Years: 47%
1 Year: -26%
Return on Equity
10 Years: 20%
5 Years: 21%
3 Years: 21%
Last Year: 20%

Balance Sheet

Figures in Rs. Crores

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 10 10 11 22 22 22 22 22 22 22 24 48
Reserves 10 17 31 49 70 86 95 126 155 192 350 409
49 92 86 131 133 122 118 77 82 119 59 43
64 42 48 36 68 69 62 125 144 165 157 182
Total Liabilities 133 161 176 238 292 299 297 350 403 499 589 683
18 19 18 56 58 56 55 53 56 63 84 97
CWIP 0 0 10 0 0 0 0 0 3 7 0 33
Investments 0 0 0 0 0 0 0 0 0 1 44 31
115 142 148 182 234 243 242 297 345 428 462 523
Total Assets 133 161 176 238 292 299 297 350 403 499 589 683

Cash Flows

Figures in Rs. Crores

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
10 -39 22 -23 18 40 17 64 27 1 56 62
-1 -3 -14 -31 -9 -8 -6 -9 -16 -16 -76 -32
2 33 -6 52 -9 -32 -11 -55 -12 15 19 -30
Net Cash Flow 11 -9 2 -2 0 -0 0 -0 0 0 -0 0
Free Cash Flow 9 -42 11 -54 8 33 10 58 14 -20 32 4
CFO/OP 118% -175% 140% -106% 52% 103% 76% 126% 62% 18% 73% 69%

Ratios

Figures in Rs. Crores

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 86 99 102 100 107 128 136 103 113 121 84 88
Inventory Days 43 77 52 57 43 58 110 75 58 74 66 65
Days Payable 92 61 56 33 49 68 67 96 88 89 60 60
Cash Conversion Cycle 36 115 99 124 101 117 179 82 83 106 90 93
Working Capital Days 9 35 40 53 46 66 76 59 53 56 74 92
ROCE % 22% 17% 13% 21% 17% 11% 24% 24% 24% 26% 27%

Insights

In beta
Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Revenue Share - Conductors
%

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Revenue Share - High Tension (HT) Cables
%
Manufacturing Plants
Number
Revenue Share - Exports
%
Revenue Share - Government Sector
%
Revenue Share - Private Sector
%
Annual Revenue Generating Capacity
INR Crores
Order Book
INR Crores
Revenue Share - Low Tension (LT) Cables
%

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
74.44% 74.44% 74.45% 74.47% 68.17% 68.17% 68.17% 68.18% 68.18% 68.18% 68.18% 68.18%
0.35% 0.10% 0.08% 0.03% 0.39% 0.32% 1.19% 1.08% 1.27% 0.55% 0.53% 0.90%
0.00% 0.09% 0.08% 0.07% 2.34% 2.06% 2.45% 2.17% 1.62% 1.57% 1.03% 1.27%
25.20% 25.37% 25.37% 25.44% 29.09% 29.43% 28.19% 28.58% 28.93% 29.69% 30.25% 29.65%
No. of Shareholders 22,29535,36337,16036,63538,04336,55143,24444,90045,87651,54952,77148,957

* 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.

Click on the line-items to see the names of individual entities.

Documents

Concalls