Dynamic Cables Ltd. (IN:DYCL)
:DYCL
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Dynamic Cables Ltd.
(DYCL)
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Rating:76Outperform
Price Target:
₹396.00
▲(19.22% Upside)
Action:UpgradedDate:04/21/26
The score is driven primarily by strong financial performance: rapid revenue growth, improving margins, reduced leverage, and free cash flow turning positive. Technicals are supportive but somewhat overextended (high RSI/Stochastic) and the stock remains below its 200-day average. Valuation looks reasonable on a P/E of 18.05, though the dividend yield is minimal.
Positive Factors
Strong Revenue Growth
A 33.52% revenue increase to ₹10,253m in 2025 demonstrates expanding market penetration and customer wins across domestic and export markets. Sustained top-line momentum supports scale economics, better capacity utilization and funds continued investment in product quality and distribution over the medium term.
Negative Factors
Minimal Dividend Yield
Dividend yield of only ~0.08% provides minimal direct income to shareholders and limits appeal to yield-focused investors. Without a defined cash-return policy (buybacks/dividends), investor returns remain tied to growth execution, increasing reliance on consistent operational performance to deliver shareholder value.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong Revenue Growth
A 33.52% revenue increase to ₹10,253m in 2025 demonstrates expanding market penetration and customer wins across domestic and export markets. Sustained top-line momentum supports scale economics, better capacity utilization and funds continued investment in product quality and distribution over the medium term.
Read all positive factors
Dynamic Cables Ltd. (DYCL) vs. iShares MSCI India ETF (INDA)
Market Cap
₹18.54B
Dividend Yield0.07%
Average Volume (3M)11.46K
Price to Earnings (P/E)18.1
Beta (1Y)1.73
Revenue Growth25.50%
EPS Growth45.94%
CountryIN
Employees840
SectorServices
Sector StrengthN/A
IndustryElectrical Equipment & Parts
Share Statistics
EPS (TTM)4.63
Shares Outstanding48,458,637
10 Day Avg. Volume5,591
30 Day Avg. Volume11,457
Financial Highlights & Ratios
PEG Ratio0.18
Price to Book (P/B)1.81
Price to Sales (P/S)0.66
P/FCF Ratio21.29
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Dynamic Cables Ltd. Business Overview & Revenue Model
Company Description
Dynamic Cables Limited engages in manufacture and supply of cables and conductors for private and government clients in India and internationally. The company offers aluminum alloy, aluminum conductor steel reinforced, AA conductors, and bare copp...
How the Company Makes Money
Dynamic Cables Ltd. generates revenue by manufacturing and selling cables and conductors to various sectors including energy, infrastructure, and industrial projects. Its key revenue streams include contracts and orders from government utilities, ...
Dynamic Cables Ltd. Financial Statement Overview
Summary
Income Statement
85
Very Positive
Balance Sheet
72
Positive
Cash Flow
78
Positive
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 10.79B | 10.25B | 7.68B | 6.69B | 5.64B | 3.42B |
| Gross Profit | 2.15B | 1.93B | 1.07B | 1.15B | 992.31M | 574.18M |
| EBITDA | 1.17B | 1.05B | 767.88M | 626.20M | 599.64M | 336.43M |
| Net Income | 714.28M | 648.21M | 377.71M | 310.13M | 309.00M | 98.45M |
Balance Sheet | ||||||
| Total Assets | 0.00 | 5.89B | 4.99B | 4.03B | 3.50B | 2.97B |
| Cash, Cash Equivalents and Short-Term Investments | 443.10M | 760.36M | 12.58M | 1.25M | 798.00K | 880.00K |
| Total Debt | 0.00 | 588.67M | 1.19B | 823.83M | 767.68M | 1.18B |
| Total Liabilities | -3.74B | 2.15B | 2.85B | 2.26B | 2.02B | 1.80B |
| Stockholders Equity | 3.74B | 3.74B | 2.14B | 1.77B | 1.48B | 1.17B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 316.99M | -199.02M | 139.87M | 578.49M | 191.25M |
| Operating Cash Flow | 0.00 | 563.20M | 12.64M | 274.37M | 639.84M | 260.45M |
| Investing Cash Flow | 0.00 | -757.30M | -164.38M | -158.80M | -92.04M | -57.45M |
| Financing Cash Flow | 0.00 | 193.29M | 152.77M | -115.12M | -547.88M | -202.71M |
Dynamic Cables Ltd. Technical Analysis
Positive
332.15
Price Trends
287.16
Positive
307.17
Positive
364.94
Negative
Market Momentum
10.15
Negative
71.09
Negative
93.64
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:DYCL, the sentiment is Positive. The current price of 332.15 is above the 20-day moving average (MA) of 279.92, above the 50-day MA of 287.16, and below the 200-day MA of 364.94, indicating a neutral trend. The MACD of 10.15 indicates Negative momentum. The RSI at 71.09 is Negative, neither overbought nor oversold. The STOCH value of 93.64 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:DYCL.
Dynamic Cables Ltd. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | ₹18.54B | 18.05 | ― | 0.07% | 25.50% | 45.94% | |
73 Outperform | ₹2.36B | 12.24 | ― | 0.52% | 24.27% | 25.68% | |
72 Outperform | ₹29.79B | 28.34 | ― | 0.45% | 23.41% | 78.43% | |
70 Outperform | ₹12.30B | 40.47 | ― | ― | 32.70% | -41.44% | |
55 Neutral | $13.29B | 17.42 | 10.03% | 0.93% | 7.13% | -12.93% |
* Services Sector Average
IN:DYCL
Dynamic Cables Ltd.
373.20
105.07
39.19%
IN:CORDSCABLE
Cords Cable Industries Limited
182.70
16.19
9.72%
IN:PARACABLES
Paramount Communications Limited
39.46
-9.01
-18.59%
IN:UNIVCABLES
Universal Cables Limited
830.25
387.12
87.36%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.