DYCL
Dynamic Cables Limited
NSE BSELast Traded Price
₹376
0.45 (0.12%)
Open
₹377.9
High
₹379
Low
₹372.05
Prev Close
₹375.55
Industry
Cables - Electricals
Market Cap
1816.71 Cr
Filing History
Recent corporate announcements and filings for DYCL
Business Update
Neutral
2026-10-29 12:16
Management Guidance & Outlook
- Long-term revenue growth guided at ~20% CAGR, supported by robust power T&D demand.
- EBITDA margins guided to remain sustainable in the 10% to 11% range.
- Finance cost is targeted to stay below 15% of EBITDA.
Capex & Capacity Expansion
- Plant and machinery installed at the new manufacturing facility with an investment of ₹40-45 Cr.
- New facility has revenue potential of ₹240-250 Cr (6x-7x asset turn) and will contribute from H2 FY27 with full ramp-up over 3-4 quarters.
- Long-term capacity from current setup stands at ₹1,400-1,500 Cr based on gross block of ~₹200 Cr.
Growth Drivers & Business Trends
- Current order book stands at ~₹829 Cr providing strong revenue visibility; receivable days maintained at under 60 days.
- Exploring high-potential segments including electron-beam solar cables and data center cables.
- 80%-90% of contracts feature price variation clauses, protecting operating margins from commodity price volatility.
Business Update
Positive
2026-10-29 12:10
Financial Performance & Current Scenario
- H1 FY27 revenue grew 31% YoY to ₹712 Cr with PAT up 24% YoY to ₹47.1 Cr.
- Current order book stands at approximately ₹829 Cr, offering strong revenue visibility.
- Customer mix: Private 69%, Government 23%, and Exports 8%.
- Product contribution: HT cables ~66%, LT cables 25-30%, Conductors and others 8-10%.
Management Guidance & Outlook
- Guided long-term sales value CAGR of around 20%.
- Operating EBITDA margins expected to be sustained at 10% to 11%.
- Finance costs targeted to remain capped below 15% of EBITDA.
- 80%-90% of contracts include price variation clauses, providing protection against raw material volatility.
Capex & Capacity Expansion
- Plant and machinery installed at new facility; commercial contribution expected in H2 FY27.
- New plant investment of ₹40-45 Cr is expected to generate ₹240-250 Cr revenue at 6x-7x asset turn.
- Company remains debt-free on a long-term term debt basis.
Business Update
Neutral
2026-10-27 18:02
- Audio recording of Analysts/Investors Call held on October 27, 2026 has been made available.
- Call conducted to discuss Un-audited Financial Results for the quarter and half-year ended September 30, 2026.
- Audio recording is hosted on the company's website.
Business Update
Neutral
2026-10-27 18:00
- Audio recording of the Analysts/Investors Call held on October 27, 2026, has been made available on the company website.
- The call pertained to discussing the Un-audited Financial Results for the quarter and half-year ended September 30, 2026.
Financials
Positive
2026-10-27 13:14
Q2 FY27 Revenue ₹363.2 Cr vs ₹281.6 Cr (▲29.0% YoY)
EBITDA ₹36.4 Cr vs ₹30.8 Cr (▲18.2% YoY)
PAT ₹22.1 Cr vs ₹19.6 Cr (▲12.8% YoY)
EBITDA Margin 10.0% vs 10.9% (▼90bps)
Financials
Neutral
2026-10-27 13:13
Q2 FY27 Revenue ₹363.2Cr vs ₹281.6Cr (▲29.0% YoY)
EBITDA ₹36.4Cr vs ₹30.8Cr (▲18.2% YoY)
PAT ₹22.1Cr vs ₹19.6Cr (▲12.8% YoY)
EBITDA Margin 10.0% vs 10.9% (▼92bps)
Financials
Positive
2026-10-27 12:51
Q2 FY27 Standalone Revenue ₹363.19Cr vs ₹281.56Cr (▲29% YoY)
EBITDA ₹36.35Cr vs ₹30.82Cr (▲18% YoY)
PAT ₹22.15Cr vs ₹19.64Cr (▲13% YoY)
EBITDA Margin 10.01% vs 10.95% (▼94bps)
Financials
Neutral
2026-10-27 12:50
Q2 FY27 Standalone Revenue ₹363.19Cr vs ₹281.56Cr (▲29% YoY)
EBITDA ₹36.35Cr vs ₹30.82Cr (▲18% YoY)
PAT ₹22.15Cr vs ₹19.64Cr (▲13% YoY)
EBITDA Margin 10.0% vs 10.9% (▼94bps)
Financials
Neutral
2026-10-27 12:45
Q2 FY27 Standalone Revenue ₹363.19 Cr vs ₹281.56 Cr (▲29.0% YoY)
EBITDA ₹36.35 Cr vs ₹30.82 Cr (▲17.9% YoY)
PAT ₹22.15 Cr vs ₹19.64 Cr (▲12.8% YoY)
EBITDA Margin 10.01% vs 10.95% (▼94bps)
Routine
Neutral
2026-10-27 12:43
- Dynamic Cables Ltd received a fine of ₹2,000 plus GST (total ₹2,360) from BSE Limited for a one-day delay in filing the Shareholding Pattern under Regulation 31 for the quarter ended June 30, 2026.
- The Board noted that the delay was inadvertent due to a misinterpretation of integrated filing provisions and advised the secretarial team to strengthen internal compliance processes.
Routine
Neutral
2026-10-27 12:42
- Dynamic Cables Limited has been levied a fine of ₹2,000 plus GST (total ₹2,360) by BSE Limited for a one-day delay in filing the Shareholding Pattern under Regulation 31 for the quarter ended June 30, 2026.
- The Board noted that the delay was inadvertent due to a misinterpretation of integrated filing provisions and advised the secretarial team to strengthen internal processes.
Business Update
Positive
2026-10-26 14:59
- Dynamic Cables Limited has successfully installed plant and machinery at its newly established manufacturing facility in Reengus, District Sikar, Rajasthan.
- Commercial production has commenced at the new facility.
- The management estimates that this addition will increase the company's installed production capacity by approximately 20%.
Business Update
Positive
2026-10-26 14:57
- Dynamic Cables Ltd has successfully installed plant and machinery at its newly established manufacturing facility located at Reengus, District Sikar, Rajasthan.
- With the commencement of production at this new facility, the company estimates an increase in installed production capacity by approximately 20%.
Business Update
Neutral
2026-10-22 14:28
Concall Schedule
Concall Date: October 27, 2026
Concall Time: 02:00 PM IST
Business Update
Neutral
2026-10-22 14:24
Concall Schedule
Concall Date: October 27, 2026
Concall Time: 02:00 P.M. IST
Governance
Neutral
2026-10-22 12:10
- Board meeting scheduled on Tuesday, October 27, 2026.
- Agenda includes consideration and approval of Un-audited Financial Results for the quarter and half year ended September 30, 2026.
- Trading window remains closed until 48 hours post-declaration of results.
Ownership
Neutral
2026-09-28 16:16
- Dynamic Cables reported a violation of the Code of Conduct under SEBI (PIT) Regulations, 2015 by a Designated Person (Mr. Manoj Chaturvedi, AVP - Design).
- The Designated Person executed a contra trade by buying 100 shares on August 12, 2026, and subsequently selling 50 shares on August 27, 2026, and 50 shares on September 11, 2026.
- The total traded value was less than ₹10 Lakhs in the calendar quarter.
- The company has issued a formal warning letter to the Designated Person to strictly adhere to regulations henceforth.
Ownership
Neutral
2026-09-28 16:14
- Dynamic Cables Limited reported a violation of the Code of Conduct under SEBI (PIT) Regulations, 2015 by a Designated Person (Mr. Manoj Chaturvedi, AVP-Design).
- The DP executed a contra trade by buying 100 shares on August 12, 2026, and selling 50 shares each on August 27 and September 11, 2026.
- The company has issued a warning letter to the DP to strictly adhere to regulations in the future.
Routine
Neutral
2026-09-24 15:02
- Trading window for dealing in company's shares will close effective October 01, 2026.
- Closure applies to Designated Persons and their immediate relatives until 48 hours after the declaration of financial results for the quarter and half-year ended September 30, 2026.
- Board meeting date will be intimated in due course.
Governance
Negative
2026-09-23 17:49
- Ms. Aditi Mangal, Head of Human Resource & Corporate Communication (Senior Management Personnel), has resigned from Dynamic Cables Limited.
- Her resignation is effective from the closure of business hours on September 23, 2026.
- The reason cited for her resignation is personal.
Governance
Negative
2026-09-23 17:42
CRITICAL RED FLAG DETECTED
- Ms. Aditi Mangal, Head of Human Resource & Corporate Communication and Senior Management Personnel (SMP), has resigned due to personal reasons.
- Her resignation is effective from the closure of business hours on September 23, 2026.
Business Update
Neutral
2026-09-18 16:35
- Concall Schedule
- Concall Date: Tuesday, September 29, 2026
- Concall Time: 01:00 P.M.
- Event: Bharat Connect Conference: Rising Stars-September 2026
- Mode of Meeting: Virtual, Group meeting
Business Update
Neutral
2026-09-18 16:30
- Concall Schedule
- Concall Date: September 29, 2026
- Concall Time: 01:00 P.M.
Governance
Negative
2026-09-10 16:11
CRITICAL RED FLAG DETECTED
- Mr. Awadh Kumar Ojha, Deputy General Manager (Quality) and Senior Management Personnel, has resigned due to personal reasons.
- His resignation is effective from the close of business hours on September 10, 2026.
Governance
Negative
2026-09-10 15:56
CRITICAL RED FLAG DETECTED
- Mr. Awadh Kumar Ojha, Deputy General Manager (Quality) and Senior Management Personnel (SMP) of Dynamic Cables Limited, has resigned due to personal reasons.
- His resignation is effective from the closure of business hours on September 10, 2026.
Routine
Neutral
2026-09-03 10:49
- Dynamic Cables Limited responded to NSE and BSE regarding clarification sought on significant price movement of its securities. The inquiry was initiated on September 02, 2026.
- The company affirmed it has disclosed all material information as per SEBI regulations and attributes the price movement purely to market conditions, not connected with management.
Routine
Neutral
2026-09-03 10:43
- Dynamic Cables Limited responded to NSE/BSE's clarification request dated September 02, 2026, concerning significant stock price movement.
- The company stated that all material information has been disclosed and the price movement is purely market-driven.
- Management is not connected with the movement in the price of its securities.
Business Update
Positive
2026-08-14 18:06
- Dynamic Cables Limited received a favorable order from the Commissioner (Appeals), CGST, Jaipur, on August 14, 2026.
- This order allows the company's appeal against a GST demand of ₹3,28,030 for FY 2018-19.
- The demand has been dropped, and no adverse financial impact is expected for the company.
Business Update
Positive
2026-08-14 18:00
- Dynamic Cables Limited received a favorable order from the Commissioner (Appeals), CGST, Jaipur, on August 14, 2026.
- The order allowed the company's appeal against a GST demand of ₹3,28,030 for FY 2018-19.
- No adverse financial impact is expected.
Business Update
Positive
2026-07-23 15:34
- Dynamic Cables Limited reported highest ever Q1 FY27 revenue, with revenue growing 33% YoY, EBITDA up 41% YoY, and PAT up 37% YoY.
- EBITDA margin improved to 10.9%, reflecting enhanced operational efficiency.
- The new capacity expansion project is on track for commissioning by September 2026, with meaningful revenue contribution anticipated from Q4 FY27 and a target utilization of 80-85% by end FY28.
- Management expects to maintain its long-term growth rate of 18-20%, with volume growth anticipated to improve after a Q1 slowdown attributed to a high base and raw material price volatility.
- The order book stands at INR 811 crores as of June 30, 2026.
- Strategic entry into the US market marks a significant step for long-term growth, focusing on HV/LV and MV cables, with initial margins similar to domestic.
- The company is bullish on the renewable energy/solar cables segment, anticipating 25-30% growth for the next 3-4 years (currently ~20% of revenue).
- Exploring high-growth areas like HTLS conductors and data center power cables, leveraging fungible existing capacity.
- Diversifying into the B2B segment of Building Wire, maintaining its focus on the B2B model and financial discipline.
- An increase in debt was attributed primarily to higher inventory value due to raw material price escalation, rather than increased inventory quantity.
Business Update
Positive
2026-07-23 15:29
- Company delivered its highest ever first quarter revenue along with healthy growth in EBITDA and PAT for Q1 FY27.
- Achieved a significant milestone by entering the US market, with expectations for good reordering and cross-referencing in the future.
- Ongoing capacity expansion project is progressing as planned, with commissioning expected to commence from September 2026.
- Maintains a healthy order pipeline, with the order book standing at INR811 crores as of June 30, 2026, providing strong revenue visibility.
- Management expects to sustain its long-term growth rate of 18%-20% in the coming quarters.
- Solar cable revenue contributed approximately 20% in Q1 FY27 and is expected to grow at 25-30% for the next 3-4 years.
- Focused on developing high-growth areas like HTLS conductors and data center cables, utilizing fungible existing capex.
- A capex of around INR45 crores is invested in the new plant, with an expected asset turnover of 6x-7x.
Governance
Positive
2026-07-23 13:38
- Dynamic Cables Limited announced voting results for its 19th AGM held on July 21, 2026.
- Key resolutions passed include the adoption of Audited Financial Statements for FY26.
- A final dividend of Rs. 0.50/- per Equity share for FY26 was declared.
- Re-appointment of Mr. Rahul Mangal and appointment of Mr. Neeraj Bali as Independent Director were approved.
- Approval was granted for increasing borrowing limits and material related party transactions.
Governance
Positive
2026-07-21 17:30
- The 19th Annual General Meeting (AGM) of Dynamic Cables Limited was held on July 21, 2026.
- Shareholders adopted the Audited Financial Statements for FY 2025-26 and approved a final dividend of ₹0.50 per Equity share.
- Resolutions for director appointments and increasing borrowing limits were also approved.
Governance
Positive
2026-07-21 17:28
- The 19th Annual General Meeting (AGM) of Dynamic Cables Limited was held on July 21, 2026.
- Shareholders approved the adoption of financial statements for the year ended March 31, 2026, and declared a final dividend of ₹0.50/- per equity share.
- Resolutions passed include the re-appointment of Mr. Rahul Mangal, appointment of Mr. Neeraj Bali as an Independent Director, and approval to increase the company's borrowing limits.
Governance
Positive
2026-07-21 17:08
- The 19th Annual General Meeting (AGM) of Dynamic Cables Limited was held on July 21, 2026.
- Members adopted the FY 2025-26 financial statements and approved a final dividend of ₹0.50 per equity share.
- Resolutions for director appointments, related party transactions, and increasing borrowing limits were passed.
Business Update
Neutral
2026-07-20 17:24
- Dynamic Cables Limited uploaded the audio recording of its Analysts/Investors Call held on July 20, 2026. The call discussed unaudited financial results for the quarter ended June 30, 2026. The recording is available at https://www.dynamiccables.co.in/audio/q1fy27resultsd.mp3.
Business Update
Neutral
2026-07-20 17:24
- Dynamic Cables Limited has uploaded the audio recording of its Analysts/Investors Call held on July 20, 2026.
- The call discussed the Un-audited Financial Results for the quarter ended June 30, 2026.
- The recording is available at https://www.dynamiccables.co.in/audio/q1fy27resultsd.mp3.
Financials
Positive
2026-07-20 14:01
- Consolidated Revenue ₹349.1 Cr vs ₹262.0 Cr (▲33% YoY)
- EBITDA ₹38.0 Cr vs ₹26.9 Cr (▲41% YoY)
- PAT ₹25.0 Cr vs ₹18.2 Cr (▲37% YoY)
- EBITDA Margin 10.9% vs 10.3% (▲60bps)
- Order book stands at ~ ₹811 Cr as on June 30, 2026.
- Achieved breakthrough in the U.S. market and entered the US market.
Financials
Positive
2026-07-20 14:00
- Consolidated Revenue ₹349.1 Cr vs ₹262.0 Cr (▲33% YoY)
- EBITDA ₹38.1 Cr vs ₹27.1 Cr (▲41% YoY)
- PAT ₹25.0 Cr vs ₹18.2 Cr (▲37% YoY)
- Operating Margin 10.9% vs 10.3% (▲60bps)
Financials
Positive
2026-07-20 12:52
- Standalone Operating Revenue ₹349.10 Cr vs ₹262.04 Cr (▲33.23% YoY)
- EBITDA ₹38.10 Cr vs ₹26.95 Cr (▲41.38% YoY)
- PAT ₹24.95 Cr vs ₹18.21 Cr (▲37.05% YoY)
- EBITDA Margin 10.91% vs 10.28% (▲63bps)
Financials
Positive
2026-07-20 12:48
- Standalone Revenue ₹349.10 Cr vs ₹262.04 Cr (▲33.2% YoY)
- EBITDA ₹38.10 Cr vs ₹26.95 Cr (▲41.4% YoY)
- PAT ₹24.95 Cr vs ₹18.21 Cr (▲37.1% YoY)
- EBITDA Margin 10.9% vs 10.3% (▲60bps)
Financials
Positive
2026-07-20 12:47
- Standalone Revenue ₹349.10 Cr vs ₹262.04 Cr (▲33.22% YoY)
- EBITDA ₹38.10 Cr vs ₹26.95 Cr (▲41.38% YoY)
- PAT ₹24.95 Cr vs ₹18.21 Cr (▲37.05% YoY)
- EBITDA Margin 10.91% vs 10.28% (▲63bps)
Business Update
Neutral
2026-07-15 16:45
- Concall Schedule
- Concall Date: July 20, 2026
- Concall Time: 02:00 P.M. IST
Routine
Neutral
2026-06-26 12:34
- Trading window for designated persons and their immediate relatives will close from July 01, 2026.
- It will remain closed until 48 hours after the declaration of Unaudited Financial Results for the quarter ended June 30, 2026.
Governance
Neutral
2026-06-22 18:08
- Submission of the Annual Report for the financial year 2025-26.
- 19th Annual General Meeting (AGM) scheduled for Tuesday, July 21, 2026, at 02:00 P.M. (IST) via Video-Conferencing (VC) / Other Audio-Visual Means (OAVM).
- The Annual Report and Notice of AGM are available on the company's website.
Governance
Positive
2026-06-16 18:24
- Board meeting on June 16, 2026, approved the 19th AGM on July 21, 2026.- Fixed July 10, 2026, as the record date for FY26 dividend.- Appointed Mr. Neeraj Bali as Non-Executive Independent Director.- Appointed Mr. Rasik Mangal as General Manager - Marketing (SMP).
Governance
Positive
2026-06-16 18:17
- Board meeting on June 16, 2026 approved 19th AGM on July 21, 2026.
- Record date for FY26 dividend is July 10, 2026.
- Mr. Neeraj Bali appointed as Non-Executive, Independent Director for 5 years.
- Mr. Rasik Mangal appointed as General Manager - Marketing.
Governance
Neutral
2026-06-16 18:05
- The Board approved convening the 19th AGM on July 21, 2026, and fixed July 10, 2026, as the record date for the FY26 dividend.
- Mr. Neeraj Bali was appointed as an Additional Non-Executive Independent Director for 5 years.
- Mr. Rasik Mangal was appointed as General Manager - Marketing (Senior Management Personnel).
Governance
Positive
2026-06-16 18:03
- Board approved the 19th AGM on July 21, 2026, and fixed July 10, 2026, as the record date for the FY26 dividend.
- Mr. Neeraj Bali appointed as Non-Executive, Independent Director for a term of 5 years.
- Mr. Rasik Mangal appointed as General Manager - Marketing (Senior Management Personnel).
Business Update
Positive
2026-06-12 14:17
- Dynamic Cables Limited's credit rating for bank loan facilities (INR 3,560 million) has been withdrawn by India Ratings and Research.
- The rating was affirmed at 'IND A/Stable/IND A1' prior to withdrawal, which was requested by the company.
- India Ratings noted continued improvement in operations, profitability, and comfortable credit metrics for FY26.
Business Update
Neutral
2026-06-11 15:29
- Analyst / Institutional Investor Meet with plant visit and management interaction
- Event Date: Thursday, June 18, 2026
- Mode: Physical
- Location: Reengus & Jaipur