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Earnings Call

Dynamic Cables Earnings Call: Key Takeaways

Dynamic Cables delivered record Q1 revenue but growth is primarily price-driven due to soaring aluminum costs. Management is optimistic about U.S. market entry while navigating inventory-led debt increases.

Guidance and delivery
Management target Revenue 20.0% Long-term
Highlights
Revenue growth33% YoY growth driven largely by higher commodity prices.
MarginsEBITDA margin improved to 10.9% through better product mix.
Order book811 Crore order book; execution remains steady despite slower bookings.
Demand visibilityStrong visibility in power transmission and renewables; exports gaining traction.
Management confidenceBalanced; optimistic on exports but cautious regarding short-term order volatility.

Growth

Revenue surged 33% YoY, though volume growth was a modest 5-6% as commodity prices inflated realizations.

Outlook

New 45Cr capex plant commissioning in September 2026; targeting 18-20% long-term revenue growth.

Risks

High working capital intensity and rising debt due to expensive inventory; order booking slowed as customers resist high prices.

Last quarter's promises, checked

Delivered

  • Guided 10.5-11% Op Margin → delivered 10.9% (= BEAT)
  • Guided 18-20% LT growth → delivered 33% revenue (= BEAT)
  • Guided HV cable focus → delivered 68% mix (= BEAT)

Partly delivered

  • Guided 18% volume growth → delivered 5-6% (= PARTIAL)

Missed

  • Guided Sept '26 plant start → delivered delayed implementation (= MISS)
Source

Earnings Call filed with BSE, 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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