Dynamic Cables Ltd.
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ABOUT
KEY POINTS
Revenue Breakup Mar 2026 • HT Cables: 63.1% • LT Cables: 28.9% • Conductors: 6.0%
AI Sector View
AI GENERATEDCapital Goods
Capital goods is supported by strong public capex and still-expansionary industrial activity. Capital expenditure rose 66% YoY (2026-06), GST collections grew 8% YoY (2026-07), and the core industries Overall Index increased 5.4% YoY (2026-07). E-way bills slowed to 6% YoY (2026-07) and sector FPI flows show INR -9697 crore net outflow over 3 months to 2026-08-31, but the investment cycle and fiscal impulse remain favorable.
PROS
- Company has delivered good profit growth of 53.7% CAGR over last 5 years
- Company is almost debt free
- Company has a healthy return on capital (ROCE) of 25.8%
- Company has a good return on equity (ROE) track record: 3 Years ROE 20.6%
- Company has delivered good sales growth of 28.4% CAGR over last 5 years
- Latest quarter profit grew 37.0% YoY, showing strong momentum
CONS
- Valuation is stretched - P/E of 24.2 is well above its own 5-year median (13.8)
- Though reporting repeated profits, the company pays out little dividend (2.9%)
- Growth is decelerating - 3Y profit CAGR (39.6%) trails the 5Y trend (53.7%)
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
| Name | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| POLYCAB | 8364.00 | 44.00 | 126038.44 | 0.56 | 796.65 | 32.84 | 8209.73 | 39.01 | 34.93 | 13.84 |
| KEI | 4636.90 | 44.47 | 44329.04 | 0.10 | 274.14 | 40.05 | 3185.34 | 22.97 | 20.23 | 12.43 |
| DHOOTTRANS | 1570.35 | 80.98 | 32121.20 | 0.00 | 1326.70 | — | 14464.15 | — | 24.14 | 15.10 |
| RRKABEL | 2436.70 | 45.36 | 27560.42 | 0.39 | 205.20 | 128.59 | 3168.20 | 53.90 | 28.43 | 9.01 |
| FINCABLES | 1420.50 | 27.15 | 21725.03 | 0.63 | 249.04 | 53.14 | 2013.15 | 44.26 | 16.06 | 14.16 |
| PRECWIRE | 463.10 | 499.66 | 8465.76 | 0.27 | 46.45 | 71.48 | 1779.24 | 61.20 | 33.09 | 4.76 |
| UNIVCABLES | 1548.25 | 26.81 | 5371.71 | 0.29 | 70.14 | -78.69 | 945.06 | 57.46 | 11.69 | 13.80 |
| LASERPOWER | 290.55 | 26.90 | 4078.40 | 0.00 | 207.32 | — | 5215.47 | — | 24.84 | 12.62 |
| ADVAIT | 2053.30 | 38.28 | 2246.93 | 0.10 | 14.80 | 65.77 | 179.27 | 51.37 | 28.24 | 13.36 |
| DYCL | 455.20 | 24.19 | 2205.84 | 0.11 | 249.53 | 1270.52 | 3491.01 | 1232.27 | 26.80 | 10.89 |
| PARACABLES | 65.70 | 35.27 | 2149.96 | 0.00 | 19.70 | 6.49 | 529.40 | 17.35 | 16.62 | 6.56 |
| QUADFUTURE | 435.75 | 0.00 | 1743.00 | 0.00 | -9.13 | 32.36 | 40.59 | 41.27 | -7.01 | -8.25 |
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 181 | 154 | 192 | 241 | 209 | 234 | 252 | 331 | 262 | 282 | 299 | 355 | 3,491 | |
| 161 | 140 | 174 | 215 | 187 | 210 | 226 | 297 | 235 | 251 | 265 | 318 | 3,168 | |
| Operating Profit | 20 | 13 | 18 | 25 | 22 | 24 | 26 | 34 | 27 | 31 | 34 | 38 | 323 |
| OPM % | 11.29% | 8.71% | 9.37% | 10.56% | 10.49% | 10.14% | 10.16% | 10.33% | 10.28% | 10.95% | 11.46% | 10.57% | 9.25% |
| 1 | 1 | 1 | 1 | 1 | 2 | 2 | 1 | 3 | 1 | 2 | 1 | 12 | |
| Interest | 4 | 5 | 6 | 5 | 5 | 5 | 4 | 2 | 3 | 3 | 3 | 3 | 29 |
| Depreciation | 2 | 2 | 2 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 29 |
| Profit before Tax | 15 | 7 | 10 | 18 | 16 | 18 | 21 | 31 | 24 | 26 | 30 | 32 | 335 |
| Tax % | 23.88% | 29.60% | 26.85% | 24.75% | 25.74% | 24.48% | 24.86% | 23.21% | 25.29% | 25.44% | 25.39% | 25.19% | 25.43% |
| Net Profit | 11 | 5 | 8 | 14 | 12 | 14 | 16 | 24 | 18 | 20 | 22 | 24 | 250 |
| 5.17 | 2.31 | 3.42 | 6.26 | 2.61 | 2.86 | 3.26 | 4.87 | 3.76 | 4.05 | 4.63 | 4.99 | 5.15 |
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 300 | 357 | 527 | 429 | 343 | 564 | 669 | 768 | 1,025 | 1,198 | 1,285 | |
| 281 | 337 | 478 | 384 | 317 | 504 | 606 | 691 | 920 | 1,068 | 1,150 | |
| Operating Profit | 19 | 20 | 48 | 45 | 26 | 60 | 63 | 77 | 105 | 130 | 135 |
| OPM % | 6.25% | 5.48% | 9.14% | 10.51% | 7.48% | 10.62% | 9.39% | 10.06% | 10.28% | 10.82% | 10.50% |
| 5 | 3 | 6 | 3 | 8 | 3 | 3 | 3 | 7 | 7 | 5 | |
| Interest | 9 | 9 | 13 | 15 | 12 | 13 | 16 | 21 | 15 | 11 | 12 |
| Depreciation | 2 | 2 | 8 | 9 | 8 | 8 | 8 | 9 | 11 | 12 | 12 |
| Profit before Tax | 12 | 11 | 33 | 24 | 13 | 42 | 42 | 51 | 86 | 113 | 122 |
| Tax % | 34.65% | 34.67% | 35.09% | 23.49% | 26.45% | 25.55% | 25.72% | 25.60% | 24.35% | 25.32% | 25.36% |
| Net Profit | 8 | 7 | 21 | 18 | 10 | 31 | 31 | 38 | 65 | 84 | 91 |
| EPS | 0.00 | 0.00 | 0.00 | 0.00 | 4.47 | 14.04 | 14.09 | 17.16 | 26.75 | 17.42 | — |
| Dividend Payout % | 0.00% | 7.41% | 2.59% | 3.02% | 5.59% | 3.56% | 3.55% | 2.91% | 1.87% | 2.87% | — |
COMPOUNDED SALES GROWTH
- 10 Years:
- 16%
- 5 Years:
- 28%
- 3 Years:
- 21%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- 29%
- 5 Years:
- 54%
- 3 Years:
- 40%
STOCK PRICE CAGR
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- 23%
- 1 Year:
- 4%
RETURN ON EQUITY
- 10 Years:
- 19%
- 5 Years:
- 21%
- 3 Years:
- 21%
- Last Year:
- 20%
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 11 | 22 | 22 | 22 | 22 | 22 | 22 | 22 | 24 | 48 |
| 31 | 49 | 70 | 86 | 95 | 126 | 155 | 192 | 350 | 409 | |
| 90 | 131 | 133 | 123 | 118 | 77 | 82 | 112 | 58 | 42 | |
| Trade Payables | 40 | 28 | 57 | 63 | 51 | 120 | 133 | 153 | 137 | 159 |
| 5 | 8 | 10 | 6 | 11 | 5 | 10 | 19 | 20 | 23 | |
| Total Liabilities | 176 | 238 | 292 | 299 | 297 | 350 | 403 | 498 | 589 | 681 |
| 18 | 56 | 58 | 56 | 55 | 53 | 56 | 63 | 84 | 97 | |
| Capital Work in Progress | 10 | 0 | 0 | 0 | 0 | 0 | 3 | 7 | 0 | 33 |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 44 | 31 | |
| 37 | 48 | 50 | 53 | 84 | 94 | 89 | 127 | 150 | 173 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 255 | 237 | 288 | |
| Cash & Bank | 3 | 10 | 10 | 21 | 23 | 26 | 32 | 30 | 32 | 28 |
| 108 | 124 | 174 | 169 | 136 | 177 | 225 | 15 | 43 | 33 | |
| Total Assets | 176 | 238 | 292 | 299 | 297 | 350 | 403 | 498 | 589 | 681 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 26 | -21 | 25 | 47 | 20 | 75 | 39 | 1 | 56 | 62 | |
| Cash from Investing | -14 | -31 | -9 | -8 | -6 | -9 | -16 | -16 | -76 | -32 |
| Cash from Financing | -6 | 52 | -9 | -32 | -11 | -55 | -12 | 15 | 19 | -30 |
| 2 | -2 | 0 | -0 | 0 | -0 | 0 | 0 | -0 | 0 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
Documents
Corporate disclosures, annual reports, credit ratings, and concall transcripts
2026-09-10 - Dynamic Cables Limited has informed the Exchange about Resignation of Director/KMP/SMP
2026-09-10 - Dynamic Cables Limited has informed the Exchange about resignation of Senior Management Personnel.
2026-09-03 - Significant movement in price has been observed in Dynamic Cables Limited. The Exchange, in order to ensure that investors have latest relevant information about the company and to inform the market place so that the interest of the investors is safeguarded, had written to the company. Dynamic Cables Limited has submitted their response.
2026-09-02 - Significant movement in price has been observed in Dynamic Cables Limited. The Exchange, in order to ensure that investors have latest relevant information about the company and to inform the market place so that the interest of the investors is safeguarded, has written to the company. The response from the company is awaited.
2026-08-14 - Dynamic Cables Limited has informed the Exchange about favourable GST order
2026-07-23 - Dynamic Cables Limited has informed the Exchange about Transcript
2026-07-23 - Dynamic Cables Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on July 21, 2026. Further, the company has informed the Exchange regarding voting results.
2026-07-21 - Dynamic Cables Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on July 21, 2026
2026-07-21 - Dynamic Cables Limited has informed the Exchange about Copy of Newspaper Publication
News
Recent coverage and analyst commentary for DYCL
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