DYCLIndustrials

Dynamic Cables Limited

Cables - Electricals · ISIN INE600Y01019 · BSE 540795 · NSE EQ · FV ₹10
Last price
₹442
+2.16%today
What this company does

Dynamic Cables Limited operates in Cables - Electricals, part of the Industrials sector. It booked ₹349 cr of revenue in its latest quarter (Q1 FY27) and kept 7.1% of sales as profit. It is the 7th largest of 9 Cables - Electricals companies we track, by market value.

Dynamic Cables Limited is a trusted and established name in the power cables and conductors manufacturing sector, serving both domestic and international markets. Our comprehensive product portfolio includes Low Voltage (LV), Medium Voltage (MV), High Voltage (HV), and Extra High Voltage (EHV) power cables, as well as control, instrumentation, solar cables, signaling cables and Building Wires.
In the report:
69out of 100
Equitytale Health Score
Solid

Healthier than 69% of companies in Industrials, on all six measures of filed financials. Each measure is ranked against the 51–290 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
45

At close. Not part of the score.

Profitability & returns81

How much profit it earns on the money it employs

Balance sheet76

How much it owes, and whether earnings cover the interest

Cash quality61

Whether reported profit actually arrives as cash

Growth & consistency85

Whether sales and profit have grown, and how steadily

Valuation8

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Is this company doing well?
not investment advice
Strengths
Makes a profit
Sales up 33% vs last year
Profit up 37% vs last year
Promoters hold 68%
No promoter shares pledged
Strong 22% return on equity
Virtually debt-free
Turns profit into real cash
Watch-outs
! Thin 7.1% net margin

What if I invest in DYCL?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 0% a year, it would become
₹12.00 lakh

The slider starts at 0%, taken from this company's own free-cash-flow trend. That is history, not a forecast — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹442 +2.16%
latest close · 2026-09-17
52-wk low ₹38342 sessions so far52-wk high ₹560
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio21.5Average
LowAverageHigh
P/B ratio4.69High
Below bookModerateHigh
EV / EBITDA13.9Average
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity21.8%Strong
WeakFairStrong ▸15%
Return on capital31.1%Strong
WeakFairStrong
Net margin7.1%Decent
ThinDecentStrong
EBITDA margin11.2%Decent
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.09Comfortable
LowModerateHigh ▸1
Interest cover12.7×Strong
RiskyOkayStrong ▸5×
Current ratio2.52Ample
Tight ◂1HealthyAmple
More figures
Market cap
₹2,144 cr
Book value
₹94
EPS
₹5.15
latest quarter
Net debt
₹40 cr
owes more than its cash
Enterprise value
₹2,184 cr
EBITDA
₹157 cr
annualised
EBIT
₹145 cr
annualised
Operating margin
10.4%
Return on assets
14.6%
Earnings yield
4.66%
P/S
1.54
Sales / share
₹288.2
Tax rate
25.4%
Face value
₹10
Shares
4.8 cr
Working capital
₹329 cr
Current assets
₹545 cr
Current liabilities
₹216 cr
Delivery %
34.2%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2026 report & filings
not investment advice
Looks overpricedMedium confidence
Median of 2 models ₹191 vs market price ₹442 — price is 132% above it
Safety cushion-132.0%(target ≥ +20%)
Models span ₹130₹251, midpoint ₹191
Model ₹191
Price ₹442
Cheap sideExpensive side

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹349 cr
Other Income₹1 cr
Total Income₹350 cr
Cost of Materials₹313 cr
Purchases of Stock-in-Trade₹0 cr
Inventory Change (±)₹-32 cr
Employee Benefit Expense₹14 cr
Finance Costs₹3 cr
Depreciation & Amortisation₹3 cr
Other Expenses₹16 cr
Total Expenses₹317 cr
Profit before Tax₹33 cr
Tax Expense₹9 cr
Net Profit₹25 cr
Net margin on total income7.1%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹281 cr80.3%
Employee benefit expense₹14 cr3.9%
Finance costs₹3 cr0.8%
Depreciation & amortisation₹3 cr0.8%
Other expenses₹16 cr4.5%
Tax expense₹9 cr2.4%
Profit for the period₹25 cr7.1%
Total income ₹350 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue299 cr355 cr349 cr
Total income301 cr356 cr350 cr
Expenses271 cr324 cr317 cr
Profit before tax30 cr32 cr33 cr
Tax8 cr8 cr9 cr
Net profit (owners' share)22 cr24 cr25 cr
Net margin (owners' share, on revenue)7.5%6.8%7.1%
EPS (₹)4.634.995.15
YoY (latest quarter): total income +32.3% · net profit +37.0%
Balance sheet & cash flow · as of Mar 2026
Low debt
Total assets
₹683 cr
Shareholder equity
₹457 cr
parent shareholders
Total debt
₹40 cr
Cash
₹15.4 L
Cash flow · H1 FY26
Operating
₹20 cr
Investing
₹-31 cr
Financing
₹11 cr
Peer comparison
Cables - Electricals · by market value
CompanyPriceMarket capP/E
Polycab India Limited₹8,209₹1.24 L cr39.4
KEI Industries Limited₹4,560₹43,594 cr39.7
R R Kabel Limited₹2,391₹27,060 cr32.9
Finolex Cables Limited₹1,396₹21,349 cr21.4
Universal Cables Limited₹1,439₹4,992 cr17.8
Laser Power & Infra Limited₹269₹3,095 cr37.4
Dynamic Cables Limitedthis company₹442₹2,144 cr21.5
Quadrant Future Tek Limited₹522₹2,086 cr
Paramount Communications Limited₹61₹1,853 cr23.7
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
0.11%
trailing 12 months
Dividend / share (TTM)
₹0.5
Last dividend
₹0.5
ex 10 Jul 2026
ActionDetailEx-date
Dividend₹0.5 / share10 Jul 2026
Bonus issue1:111 Jul 2025
Dividend₹0.5 / share23 Jun 2025
Dividend₹0.5 / share24 Jul 2024
Dividend₹0.5 / share2 Aug 2023
Dividend₹0.5 / share12 Aug 2022
Who owns it · 2026-06-30
No pledge
Promoter
68.2%
FII / Foreign
0.7%
DII / Domestic
1.0%
Retail / others
30.2%
Promoter stake down 6.3% over the last 12 quarters.
Smart-money activity
Insider trades
BoughtMr. Rasik Mangal · Promoter Group2,034 · ₹12.0 L24 Mar 25
Bulk / block deals
SoldQE SECURITIES LLP · NSE4.86 L @ ₹540.821 Sep 26
BoughtQE SECURITIES LLP · NSE4.80 L @ ₹540.371 Sep 26
SoldNK SECURITIES RESEARCH PRIVATE LIMITED · NSE3.19 L @ ₹543.281 Sep 26
Promoter pledges
ReleasedAnand Rathi and stock Brokers Ltd8,000 · 0.04% held3 May 23
PledgedAnand Rathi and stock Brokers Ltd8,000 · 0.00% held2 May 23
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 30 Jun 2025
See the official result
1
To adopt the Audited Financial Statements of the Company for the financial year ended on March 31, 2025 together with the reports of the Board of Directors and Auditors thereon
Backed by 100% of shareholders other than promotersneeded 50%
4.96 L votes for, 0 against · 0% of mutual funds and other big investors said no
2
To declare final dividend of Rs. 0.50/- per Equity Shares for the Financial Year ended March 31, 2025.
Backed by 100% of shareholders other than promotersneeded 50%
4.96 L votes for, 137 against · 0% of mutual funds and other big investors said no
3
To appoint a director in place of Mr. Sumer Singh Punia (DIN: 08393562) who retires by rotation and being eligible, offer himself for re-appointment.
Backed by 100% of shareholders other than promotersneeded 50%
4.96 L votes for, 0 against · 0% of mutual funds and other big investors said no
4
To re-appoint Mr. Ashish Mangal (DIN: 00432213) as Managing Director of the Company
Backed by 100% of shareholders other than promotersneeded 75%
4.96 L votes for, 10 against · 0% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 12 named members
owning 68.2% between them · as of 2026-06-30
ASHISH MANGAL31.81%
RAHUL MANGAL21.85%
SAROJ MANGAL13.62%
SHIV KRIPA PIPES LLP0.47%
ANIKETA MANGAL0.16%
MEENAKSHI MANGAL0.09%
SHALU MANGAL0.09%
ALPANA SHARMA0.04%

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

Money it raised, and what it did with it

When a company raises money from investors, it has to say up front what the money is for. The rules then make it report, every three months until the money is gone, how much of each of those things it has actually paid for — so a promise made while asking for the money can be checked afterwards.

₹96.6 L raised in Jun 2024 by selling shares to selected investors

As of Jun 2026, the company says it has spent 95% of what it set aside, leaving ₹5.1 L still to be spent.

To meet working capital requirements, Reduction of working capital borrowings, term loan repayment or/and any other outstanding debt, To meet the long-term fund requirements of the Company, for expansion of business and General corporate purpose or such other objects, as the Board may from time to time decide in the best interest of the Company
95%
₹91.5 L of ₹96.6 L

Every figure above is taken from the statement the company files with the stock exchange each quarter, for as long as money it has raised remains unspent. The only thing we work out is how much of each stated purpose has been paid for — one number divided by another from the same filing. Whether a plan that changed was a good change is not something a filing can tell you. See the filing

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.