Micro-cap stock that is into manufacturing of power infra cables hits 5% upper circuit after it bags orders worth 96 Cr from Northern Railways for supply of PVC Cables.
At 10:42 a.m the shares of Dynamic Cables hit its upper circuit price of Rs. 452.65 a piece, and the market capitalization of the company is 996.46 Cr.
As per the company’s filing, Dynamic Cables receives orders worth Rs. 95.91 Cr from Northern Railways for supply of PVC Insulated Armored Unscreened Underground, Railway Signalling Copper Conductor Cables, this order is scheduled to be delivered within six months.
The company’s revenue increased by 18.64 percent from 563.57 Cr in FY22 to 668.63 Cr in FY23, accompanied by increasing profits of 30.9 Cr to 31.01 Cr.
The company has reported a return on equity (ROE) of 19.08 percent and return on capital employed (ROCE) 23.97 percent, this indicates that the company is making good returns on its equity and is making effective utilisation of the company’s resources.
Dynamic Cables Limited is a manufacturer of power infra cables that includes LV, HV, MV, EHV, Power control & instrumentation cables, and signalling cables. It supplies cables to Government Discoms, Private Distribution companies, Private EPC contractors, industrial and Export clients.
Written by: Bharath K.S
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