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Dynamic Cables Ltd.
(DYCL)
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Rating:61Neutral
Price Target:
₹357.00
▼(-11.32% Downside)
Action:Downgraded
Date:10/21/26
The score is primarily supported by solid financial performance—especially a much stronger balance sheet and improved profitability—offset by weaker cash-flow conversion and negative recent momentum (price below key moving averages with a negative MACD). Valuation is reasonable but provides limited income support due to the very low dividend yield.
Positive Factors
Revenue and Profitability Growth
Revenue scaled strongly through 2026, including roughly 11% year-over-year growth, while net margin rose to about 7.0% from 2.9% in 2021. This combination indicates stronger earnings capacity and gives the business more internal resources to support expansion and compete across its end markets.
Negative Factors
Weak Cash Conversion
Operating cash flow covering only about one-quarter of net income, alongside slightly negative free cash flow, weakens confidence in earnings conversion. If this persists, the company may have less internally generated cash available for reinvestment, debt service, or shareholder returns despite reported profit growth.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue and Profitability Growth
Revenue scaled strongly through 2026, including roughly 11% year-over-year growth, while net margin rose to about 7.0% from 2.9% in 2021. This combination indicates stronger earnings capacity and gives the business more internal resources to support expansion and compete across its end markets.
Read all positive factors
Dynamic Cables Ltd. (DYCL) vs. iShares MSCI India ETF (INDA)
Market Cap
₹16.41B
Dividend Yield0.15%
Average Volume (3M)22.97K
Price to Earnings (P/E)18.0
Beta (1Y)2.09
Revenue Growth21.33%
EPS Growth21.36%
CountryIN
Employees1,077
SectorGeneral
Sector StrengthN/A
IndustryElectrical Equipment & Parts
Share Statistics
EPS (TTM)18.82
Shares Outstanding48,458,637
10 Day Avg. Volume24,725
30 Day Avg. Volume22,970
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...
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 | 12.85B | 11.98B | 10.25B | 7.68B | 6.69B | 5.64B |
| Gross Profit | 2.05B | 1.76B | 1.93B | 1.07B | 1.15B | 992.31M |
| EBITDA | 1.45B | 1.30B | 1.05B | 767.88M | 626.20M | 599.64M |
| Net Income | 911.83M | 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 | 424.36M | 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 | -4.57B | 2.25B | 2.15B | 2.85B | 2.26B | 2.02B |
| Stockholders Equity | 4.57B | 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
Negative
402.55
Price Trends
440.56
Negative
409.31
Negative
359.34
Negative
Market Momentum
-26.61
Positive
23.82
Positive
14.59
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 402.55 is below the 20-day moving average (MA) of 404.18, below the 50-day MA of 440.56, and above the 200-day MA of 359.34, indicating a bearish trend. The MACD of -26.61 indicates Positive momentum. The RSI at 23.82 is Positive, neither overbought nor oversold. The STOCH value of 14.59 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
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | ₹175.71B | 21.98 | ― | 0.78% | 26.53% | 29.17% | |
68 Neutral | ₹645.15B | 52.42 | ― | 0.39% | 23.96% | 34.01% | |
67 Neutral | ₹1.16T | 36.49 | ― | 0.61% | 40.99% | 28.09% | |
65 Neutral | ₹368.43B | 34.91 | ― | 0.12% | 25.18% | 32.49% | |
61 Neutral | ₹16.41B | 17.98 | ― | 0.15% | 21.33% | 21.36% | |
60 Neutral | ₹249.51B | 41.56 | ― | 0.43% | 45.36% | 66.42% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
IN:DYCL
Dynamic Cables Ltd.
332.95
-72.84
-17.95%
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Dynamic Cables Ltd. Corporate Events
Dynamic Cables posts robust H1 FY27 growth, prepares new plant to tap power sector tailwinds
Oct 27, 2026
Dynamic Cables Limited reported strong unaudited financial results for the quarter and half year ended September 30, 2026, with half-year operating revenue rising 31% year-on-year to ₹712.3 crore and profit after tax up 24% to ₹47.1 cr...
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.