Dynamic Cables Ltd. (IN:DYCL)
:DYCL
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Dynamic Cables Ltd.
(DYCL)
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Rating:74Outperform
Price Target:
₹413.00
▲(24.34% Upside)
Action:Upgraded
Date:06/19/26
The score is driven primarily by strong financial progress and a much improved balance sheet, supported by clear bullish technical trend signals. Offsetting these positives are weaker and volatile cash conversion (including slightly negative free cash flow in 2026) and only average valuation support (mid P/E with a very low dividend yield).
Positive Factors
Revenue and profit growth
Consistent top-line scaling paired with meaningful margin improvement shows the business is converting scale into profit. Over 2-6 months this indicates durable demand from energy and infrastructure clients and operating leverage potential to fund reinvestment and sustain growth.
Negative Factors
Weak cash conversion
Earnings-to-cash conversion is inconsistent, with OCF covering a small portion of reported profit and FCF slightly negative in 2026. This undermines the durability of reported earnings, constrains internal funding for capex/dividends, and raises reliance on external financing.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue and profit growth
Consistent top-line scaling paired with meaningful margin improvement shows the business is converting scale into profit. Over 2-6 months this indicates durable demand from energy and infrastructure clients and operating leverage potential to fund reinvestment and sustain growth.
Read all positive factors
Dynamic Cables Ltd. (DYCL) vs. iShares MSCI India ETF (INDA)
Market Cap
₹17.86B
Dividend Yield0.07%
Average Volume (3M)11.46K
Price to Earnings (P/E)21.0
Beta (1Y)1.82
Revenue Growth16.82%
EPS Growth28.25%
CountryIN
Employees840
SectorServices
Sector StrengthN/A
IndustryElectrical Equipment & Parts
Share Statistics
EPS (TTM)14.74
Shares Outstanding48,458,637
10 Day Avg. Volume5,591
30 Day Avg. Volume11,457
Financial Highlights & Ratios
PEG Ratio0.50
Price to Book (P/B)2.55
Price to Sales (P/S)0.97
P/FCF Ratio-382.35
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 specializes in the production and distribution of electrical cables and conductors, catering to both public and private sector clients across India and on the global stage. Their diverse product portfolio encompasses a compr...
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
74
Positive
Balance Sheet
86
Very Positive
Cash Flow
55
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 10.79B | 11.98B | 10.25B | 7.68B | 6.69B | 5.64B |
| Gross Profit | 2.15B | 1.76B | 1.93B | 1.07B | 1.15B | 992.31M |
| EBITDA | 1.17B | 1.30B | 1.05B | 767.88M | 626.20M | 599.64M |
| Net Income | 714.28M | 844.37M | 648.21M | 377.71M | 310.13M | 309.00M |
Balance Sheet | ||||||
| Total Assets | 0.00 | 6.83B | 5.89B | 4.99B | 4.03B | 3.50B |
| Cash, Cash Equivalents and Short-Term Investments | 443.10M | 588.34M | 760.36M | 12.58M | 1.25M | 798.00K |
| Total Debt | 0.00 | 430.92M | 588.67M | 1.19B | 823.83M | 767.68M |
| Total Liabilities | -3.74B | 2.25B | 2.15B | 2.85B | 2.26B | 2.02B |
| Stockholders Equity | 3.74B | 4.57B | 3.74B | 2.14B | 1.77B | 1.48B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | -30.54M | 316.99M | -199.02M | 139.87M | 578.49M |
| Operating Cash Flow | 0.00 | 543.55M | 563.20M | 12.64M | 274.37M | 639.84M |
| Investing Cash Flow | 0.00 | -355.70M | -757.30M | -164.38M | -158.80M | -92.04M |
| Financing Cash Flow | 0.00 | -187.79M | 193.29M | 152.77M | -115.12M | -547.88M |
Dynamic Cables Ltd. Technical Analysis
Positive
332.15
Price Trends
335.35
Positive
310.16
Positive
343.96
Positive
Market Momentum
0.88
Negative
65.35
Neutral
78.68
Neutral
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 320.52, below the 50-day MA of 335.35, and below the 200-day MA of 343.96, indicating a bullish trend. The MACD of 0.88 indicates Negative momentum. The RSI at 65.35 is Neutral, neither overbought nor oversold. The STOCH value of 78.68 is Neutral, 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 |
|---|---|---|---|---|---|---|---|
74 Outperform | ₹17.86B | 21.03 | ― | 0.07% | 16.82% | 28.25% | |
67 Neutral | ₹2.86B | 13.97 | ― | 0.52% | 20.05% | 40.58% | |
64 Neutral | ₹21.35B | 35.79 | ― | ― | 21.44% | -31.59% | |
62 Neutral | ₹42.86B | 26.30 | ― | 0.45% | 25.51% | 82.46% | |
55 Neutral | $13.29B | 17.42 | 10.03% | 0.93% | 7.13% | -12.93% |
* Services Sector Average
IN:DYCL
Dynamic Cables Ltd.
368.50
-91.72
-19.93%
IN:CORDSCABLE
Cords Cable Industries Limited
221.00
27.49
14.21%
IN:PARACABLES
Paramount Communications Limited
69.96
15.73
29.01%
IN:UNIVCABLES
Universal Cables Limited
1,235.20
557.82
82.35%
Dynamic Cables Ltd. Corporate Events
Dynamic Cables Sets AGM, Dividend Record Date and Bolsters Board, Senior Management
Jun 16, 2026
Dynamic Cables Ltd. will hold its 19th annual general meeting on July 21, 2026, via video conferencing or other audio-visual means, and has set July 10, 2026, as the record date to determine shareholders eligible for the dividend for the year ende...
Dynamic Cables Sets Dividend Record Date and Bolsters Board and Management
Jun 16, 2026
Dynamic Cables Ltd. has scheduled its 19th Annual General Meeting for July 21, 2026, to be held via video conferencing or other audio-visual means, and set July 10, 2026 as the record date to determine shareholders eligible for the dividend for th...
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.