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Earnings Call

Dynamic Cables Earnings Call: Key Takeaways

Record revenue and profit in FY26 driven by core products, but Q4 volume growth and significant capex delays for the new plant raise execution concerns.

Why this was an Alfa AlertNot a filter event. Results met expectations but did not beat guided upper ends by 5% or more.
Highlights
Revenue growthRevenue increased 17% YoY; core products grew 25% for full year.
MarginsOperating margins improved to 10.8% via better product mix and efficiency.
Order bookOrder book stands at ₹808 crore, up 11% YoY.
Demand visibilityStrong domestic demand; solar cable segment share jumped from 10% to 18%.
Management confidenceBalanced confidence despite significant capex delays and logistics disruptions from Iran.

Growth

Revenue grew 17% YoY with 10.8% margins; growth shifted toward higher-margin core power cables over low-value segments.

Outlook

New capacity expected by Sept 2027 (FY28); long-term revenue growth guidance maintained at 18-20%.

Risks

Capex commissioning delayed 15 months; high raw material volatility causing customer order deferment in Q4.

Source

Earnings Call filed with NSE, NSE: DYCL. Summary written with AI assistance from the document.

Read the document ↗

Dynamic Cables Ltd: key numbers

Share price
₹456.95
Market cap
₹2,214 Cr
Revenue (annual)
₹1,198 Cr
Net profit (annual)
₹84.44 Cr
P/E (TTM)
24.3×Sector 45.9×
Promoter holding
68.18%+0.00% QoQ
FII holding
0.67%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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