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Dynamic Cables Ltd.
(DYCL)
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Rating:73Outperform
Price Target:
₹543.00
▲(34.89% Upside)
Action:Reiterated
Date:07/21/26
The score is driven primarily by solid financial performance (strong growth, improved profitability, and materially reduced leverage), supported by strong technical uptrend signals. Offsetting factors include cash-flow volatility/weak recent cash conversion and a less compelling valuation (P/E 25.57 with ~0.11% dividend yield).
Positive Factors
Revenue and earnings growth
Sustained revenue expansion alongside faster earnings growth indicates improving operating scale and profitability. If maintained, this combination can strengthen internal funding capacity, support continued investment, and improve the company’s competitive position across infrastructure, industrial, and electrical applications.
Negative Factors
Weak recent cash conversion
Weak conversion of accounting profit into cash can limit the funds available for reinvestment, debt reduction, and shareholder returns. The combination of low operating cash coverage and slightly negative free cash flow raises concern that working-capital needs or reinvestment may continue to absorb earnings.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue and earnings growth
Sustained revenue expansion alongside faster earnings growth indicates improving operating scale and profitability. If maintained, this combination can strengthen internal funding capacity, support continued investment, and improve the company’s competitive position across infrastructure, industrial, and electrical applications.
Read all positive factors
Dynamic Cables Ltd. (DYCL) vs. iShares MSCI India ETF (INDA)
Market Cap
₹23.64B
Dividend Yield0.1%
Average Volume (3M)56.03K
Price to Earnings (P/E)25.9
Beta (1Y)1.80
Revenue Growth19.10%
EPS Growth27.66%
CountryIN
Employees1,077
SectorGeneral
Sector StrengthN/A
IndustryElectrical Equipment & Parts
Share Statistics
EPS (TTM)18.82
Shares Outstanding48,458,637
10 Day Avg. Volume106,554
30 Day Avg. Volume56,030
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
DYCL primarily makes money by manufacturing and selling wires and cables. Revenue is generated from (a) direct/B2B sales to infrastructure and industrial customers and project contractors, where the company supplies specified cable types and quant...
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
Positive
402.55
Price Trends
419.94
Positive
380.96
Positive
344.51
Positive
Market Momentum
28.84
Negative
56.34
Neutral
72.62
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 402.55 is below the 20-day moving average (MA) of 467.94, below the 50-day MA of 419.94, and above the 200-day MA of 344.51, indicating a bullish trend. The MACD of 28.84 indicates Negative momentum. The RSI at 56.34 is Neutral, neither overbought nor oversold. The STOCH value of 72.62 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 |
|---|---|---|---|---|---|---|---|
73 Outperform | ₹23.64B | 25.93 | ― | 0.10% | 19.10% | 27.66% | |
72 Outperform | ₹186.55B | 23.42 | ― | 0.74% | 26.53% | 29.17% | |
70 Outperform | ₹277.23B | 45.75 | ― | 0.39% | 37.66% | 80.22% | |
69 Neutral | ₹463.66B | 46.51 | ― | 0.09% | 20.39% | 31.64% | |
68 Neutral | ₹729.09B | 59.28 | ― | 0.29% | 23.96% | 34.01% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
52 Neutral | ₹1.25T | 43.43 | ― | 0.57% | 32.39% | 29.13% |
* General Sector Average
IN:DYCL
Dynamic Cables Ltd.
487.85
63.69
15.02%
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4,850.00
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Dynamic Cables Ltd. Corporate Events
Dynamic Cables Publishes Q1 FY27 Unaudited Results in Newspapers
Jul 21, 2026
Dynamic Cables Ltd. has notified the stock exchanges that it has published an extract of its unaudited financial results for the quarter ended June 30, 2026 in leading English and Hindi newspapers. The disclosures appear in all editions of Financi...
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.