Synopsis:
Dynamic Cables Limited has received BIS approval to manufacture high-conductivity cables and fire survival cables. The company’s production capacity has now increased to support a monthly turnover of ₹135 Crores, up from ₹100 Crores.
The shares of the Cable company, specializing in the manufacturing and supply of a wide range of wires and cables, with a particular focus on medium and high voltage applications, are in focus upon receiving a License from the Bureau of Indian Standards (BIS) to manufacture high-conductivity cables and fire survival cables.
With a market capitalization of Rs. 2,325.29 Crores on Wednesday, the shares of Dynamic Cables Ltd hit a 20 percent upper circuit, making a high of Rs. 479.85 compared to its previous closing price of Rs. 399.90.
Dynamic Cables Ltd, engaged in the manufacturing and supply of a wide range of wires and cables, with a particular focus on medium and high voltage applications, has received licenses from the Bureau of Indian Standards (BIS).
The license is to manufacture high-conductivity aluminum alloy stranded conductors and thermosetting insulated armoured fire survival cables. These licenses, granted under IS No. 398: PART 6: 2021 and IS No. 17505: PART 1: 2021, will enable the company to produce these specialized cables, ensuring they meet quality standards.
These licenses are valid until August 09, 2026, and 12 August 2026, respectively. In addition, the company has reassessed its production capacity, which now supports a turnover of up to ₹135 Crores per month, up from the previous assessment of ₹100 Crores. However, the actual utilization of this capacity will depend on the product mix, order volumes, and delivery schedules.
Financials & Others
The company’s revenue rose by 26.22 percent from Rs. 209.77 crore to Rs. 264.78 crore in Q1FY25-26. Meanwhile, the Net profit rose from Rs. 11.6 crore to Rs. 18.21 crore during the same period.
The company has a P/E ratio of 27.13, lower than the industry average of 45.4, suggesting potential undervaluation. Its PEG ratio of 0.31 further supports this view. With a low debt-to-equity ratio of 0.16, the company maintains a solid financial position, and its current assets exceed current liabilities. Additionally, the average ROCE over the last three years is a healthy 16.72%.
The company has also shown strong growth, with an average 3-year revenue growth of 15.32% and a net profit growth of 27.86%. Promoter shareholding is exceeding 65%, reflecting strong management confidence in the business.
Dynamic Cables Ltd is a prominent manufacturer and exporter in the electrical industry, specializing in premium cables, wires, and conductors. which was founded in 1986 and headquartered in Jaipur, Rajasthan, the company boasts nearly four decades of expertise and is part of the Mangal Group.
With a workforce of over 600 employees, Dynamic Cables serves a diverse range of sectors, including government discoms, private EPC contractors, industrial clients, and exports to more than 38 countries.
The company’s product portfolio is extensive, comprising LV, MV, and HV power cables, aerial bunched cables, all-aluminium conductors, railway signaling cables, and several specialized products like solar and EV cables. Its three state-of-the-art manufacturing units, two in Jaipur and one in Reengus, are equipped with advanced machinery to ensure consistent quality and reliability.
Written by Sridhar J
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