Dynamic Cables Ltd. (DYCL) AI Stock Analysis

• Market Cap: ₹19.30B
• Dividend Yield: 0.06%
• Average Volume (3M): 42.38K
• Price to Earnings (P/E): 27.0
• Beta (1Y): 1.80
• Revenue Growth: 35.66%
• EPS Growth: 71.43%
• Country: IN
• Employees: 840
• Sector: Services
• Sector Strength: N/A
• Industry: Electrical Equipment & Parts
• EPS (TTM): 3.76
• Shares Outstanding: 48,458,637
• 10 Day Avg. Volume: 13,159
• 30 Day Avg. Volume: 42,377
• PEG Ratio: 0.18
• Price to Book (P/B): 1.81
• Price to Sales (P/S): 0.66
• P/FCF Ratio: 21.29
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: ₹461.00
• Price Target Upside: 15.76% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 66 Neutral
• Price Target: ₹461.00 ▲(15.76% Upside)

Dynamic Cables Ltd. demonstrates strong financial performance with significant revenue and profit growth, improved margins, and effective cost management. However, technical analysis presents mixed signals, and the valuation indicates potential overvaluation with a high P/E ratio. The attractive dividend yield provides some balance, but the overall outlook is cautious due to the high growth expectations already priced in.

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 copper conductors; high voltage power cables, medium voltage (MV) covered conductors, MV and KV HV power cables, and MV and LV aerial bunched cables; copper and aluminum power cables, control cables, and concentric cables; railway signaling cables; and galvanized stay wires/earth wires. Its products are used in power generation, and electricity transmission and distribution, as well as airports, railways, and residential projects. The company was incorporated in 2007 and is based in Jaipur, India.

How the Company Makes Money

Dynamic Cables Ltd. generates revenue through the manufacturing and sale of its cable and conductor products. The company earns money by supplying its products to various sectors, most notably the power and infrastructure sectors. Key revenue streams include long-term contracts with utility companies and infrastructure projects, which require large volumes of cables for power distribution and control systems. Additionally, DYCL may have partnerships with governmental and private organizations that contribute to its sales, and its ability to meet industry standards and provide customized solutions adds to its competitive edge in the market.

Dynamic Cables Ltd. Financial Statement Overview

Summary

Dynamic Cables Ltd. shows strong financial performance with significant revenue and profit growth, improved margins, and effective cost management. The balance sheet reflects reduced leverage and increased equity, enhancing financial stability. Positive cash flows indicate effective cash management, positioning the company well for future growth.

Income Statement

Dynamic Cables Ltd. has demonstrated robust growth in revenue, with a notable increase from ₹7,678 million in 2024 to ₹10,253 million in 2025, reflecting a revenue growth rate of 33.52%. The gross profit margin improved to 18.79% in 2025, indicating effective cost management. The net profit margin also increased to 6.32% in 2025, up from 4.92% in 2024, showcasing enhanced profitability. EBIT and EBITDA margins have shown significant improvement, highlighting operational efficiency. Overall, the company exhibits strong growth and profitability, although maintaining this trajectory will be crucial.

Balance Sheet

The balance sheet of Dynamic Cables Ltd. shows a solid equity position with stockholders' equity increasing to ₹3,739 million in 2025. The debt-to-equity ratio significantly improved to 0.16 from 0.56 in 2024, indicating reduced leverage and financial risk. The return on equity (ROE) rose to 17.34%, reflecting effective use of equity to generate profits. The equity ratio increased to 63.45%, further reinforcing financial stability. Despite the improvements, monitoring debt levels and maintaining equity growth are essential for sustained financial health.

Cash Flow

Cash flow analysis indicates strong performance with free cash flow turning positive at ₹316 million in 2025, a significant improvement from negative levels in 2024. Operating cash flow to net income ratio of 0.87 in 2025 shows effective conversion of income into cash. The free cash flow to net income ratio also reflects solid cash generation. The company has considerably improved its cash flow management, but continued focus on sustainable cash generation will be important.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	10.25B	10.25B	7.68B	6.69B	5.64B	3.42B
Gross Profit	1.93B	1.93B	1.07B	1.15B	992.31M	574.18M
EBITDA	1.10B	1.05B	767.88M	658.91M	625.65M	336.43M
Net Income	648.20M	648.21M	377.71M	310.13M	309.00M	98.45M
Balance Sheet
Total Assets	5.89B	5.89B	4.99B	4.03B	3.50B	2.97B
Cash, Cash Equivalents and Short-Term Investments	760.36M	760.36M	12.58M	1.25M	798.00K	880.00K
Total Debt	588.67M	588.67M	1.19B	823.83M	767.68M	1.18B
Total Liabilities	2.15B	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

• Technical Analysis Sentiment: Negative
• Last Price: 398.25
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:DYCL, the sentiment is Negative. The current price of 398.25 is below the 20-day moving average (MA) of 425.98, below the 50-day MA of 423.53, and below the 200-day MA of 398.80, indicating a bearish trend. The MACD of -5.11 indicates Positive momentum. The RSI at 35.66 is Neutral, neither overbought nor oversold. The STOCH value of 12.31 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:DYCL.

Dynamic Cables Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
UNIVCABLES	70 Outperform	24.92B	21.36	5.04%	0.56%	24.13%	30.01%
CORDSCABLE	68 Neutral	2.29B	14.60	8.04%	0.57%	27.33%	41.15%
DYCL	66 Neutral	₹19.30B	27.02	―	0.06%	35.66%	71.43%
PARACABLES	61 Neutral	13.62B	16.96	12.13%	―	44.41%	-23.94%
Sector *	55 Neutral	$13.29B	17.42	10.03%	0.93%	7.13%	-12.93%