Dynamic Cables Ltd. (DYCL) AI Stock Analysis

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Dynamic Cables Ltd.

(NSE:DYCL)

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Rating:80.3Outperform

Price Target:INR 366.00▲(15.13% Upside)

Action:reiterated

Date:08/19/26

The overall score reflects robust growth, improving profitability, and a de-risked balance sheet as primary strengths, complemented by strong positive price momentum, while cash-flow volatility, high share price volatility, and a moderate valuation without a clear margin of safety temper the upside.

Positive Factors

Revenue GrowthSustained revenue expansion indicates that Dynamic Cables is increasing its presence across power, infrastructure, industrial, and building applications. Continued top-line growth can support operating leverage, customer reach, and reinvestment in capacity over the next several quarters.

Negative Factors

Weak Cash ConversionWeak conversion of accounting earnings into operating cash reduces confidence in the durability of reported profits and can constrain internally funded expansion. Negative free cash flow also indicates that reinvestment or working-capital demands may continue absorbing cash over coming quarters.

Dynamic Cables Ltd. (DYCL) vs. iShares MSCI India ETF (INDA)

Market Cap: INR 15.42B
Dividend Yield: 0.16%
Average Volume (3M): 41.73K
Price to Earnings (P/E): 16.5
Beta (1Y): 2.02
Revenue Growth: 21.33%
EPS Growth: 21.36%
Country: India
Employees: 1,077
Sector: General
Sector Strength: 55
Industry: Electrical Equipment & Parts

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 comprehe...

Dynamic Cables Ltd. Financial Statement Overview

Summary

Strong multi-year revenue and margin growth plus a much stronger, low-leverage balance sheet, partially offset by volatile operating and free cash flow.

Income Statement

86Very Positive

Balance Sheet

90Very Positive

Cash Flow

58Neutral

Financial statement breakdown
Breakdown	TTM	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022
Income Statement
Total Revenue	13.67B	11.98B	10.25B	7.68B	6.69B	5.64B
Gross Profit	2.23B	1.76B	1.93B	1.07B	1.15B	992.31M
EBITDA	1.50B	1.30B	1.05B	767.88M	626.20M	599.64M
Net Income	936.99M	844.37M	648.21M	377.71M	310.13M	309.00M
Balance Sheet
Total Assets	7.39B	6.83B	5.89B	4.99B	4.03B	3.50B
Cash, Cash Equivalents and Short-Term Investments	332.20M	588.34M	760.36M	12.58M	1.25M	798.00K
Total Debt	405.71M	430.92M	588.67M	1.19B	823.83M	767.68M
Total Liabilities	2.37B	2.25B	2.15B	2.85B	2.26B	2.02B
Stockholders Equity	5.02B	4.57B	3.74B	2.14B	1.77B	1.48B
Cash Flow
Free Cash Flow	0	-30.54M	316.99M	-199.02M	139.87M	578.49M
Operating Cash Flow	0	543.55M	563.20M	12.64M	274.37M	639.84M
Investing Cash Flow	0	-355.70M	-757.30M	-164.38M	-158.80M	-92.04M
Financing Cash Flow	0	-187.79M	193.29M	152.77M	-115.12M	-547.88M

Dynamic Cables Ltd. Technical Analysis

Technical Analysis SentimentNegative

Last Price317.90

Price Trends

50DMA435.22Negative

100DMA409.46Negative

200DMA359.26Negative

Market Momentum

MACD-30.29Positive

RSI20.33Positive

STOCH6.08Positive

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 317.90 is below the 20-day moving average (MA) of 393.21, below the 50-day MA of 435.22, and below the 200-day MA of 359.26, indicating a bearish trend. The MACD of -30.29 indicates Positive momentum. The RSI at 20.33 is Positive, neither overbought nor oversold. The STOCH value of 6.08 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

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

IN:DYCL against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IN:DYCL	80Outperform	INR 15.41B	16.45	―	0.16%	21.33%	21.36%
IN:FINCABLES	72Outperform	INR 174.25B	21.79	―	0.79%	26.53%	29.17%
IN:KEI	69Neutral	INR 359.63B	34.14	―	0.12%	25.18%	32.49%
IN:POLYCAB	67Neutral	INR 1.18T	37.00	―	0.60%	40.99%	28.09%
IN:APARINDS	65Neutral	INR 657.41B	45.90	―	0.38%	23.42%	46.04%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
IN:RRKABEL	53Neutral	INR 232.61B	34.60	―	0.46%	45.36%	66.42%

* General Sector Average

Performance Comparison

IN:DYCL and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
IN:DYCL	Dynamic Cables Ltd.	317.90	-83.64	-20.83%
IN:APARINDS	APAR Industries Limited	15700.35	7194.66	84.59%
IN:FINCABLES	Finolex Cables Limited	1139.35	348.13	44.00%
IN:KEI	KEI Industries Limited	3760.00	-217.69	-5.47%
IN:POLYCAB	Polycab India Ltd.	7800.00	211.22	2.78%
IN:RRKABEL	RR Kabel Ltd.	2056.60	673.41	48.69%

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 crore...

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.

Date of analysis: Oct 21, 2026

Dynamic Cables Ltd. AI Stock Analysis

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