Dynamic Cables LtdNSE:DYCL
Current view Q1 2027
Jaipur maker of the wires that carry electricity across India's grid, and the customer has flipped from government discoms to 71% private. Entered the US market after a 15-18 month delay - 2% of sales today, a long runway later - and the new plant commissions this September, on an ₹811 cr order book, 26% return on capital and low debt at 21x. But volumes barely grew and the order book is up only 10%, so the headline growth is aluminium prices.
Latest exchange filings last 5 · 5 after Q1 2027
- 10 Sep ’26DGM-Quality Awadh Kumar Ojha resigned effective close of business September 10, 2026. ↗
- 3 Sep ’26Company replied to exchange clarification on price movement, stating no undisclosed material information. ↗
- 2 Sep ’26Exchange has sought clarification from Dynamic Cables Ltd on September 02, 2026 with reference to significant movement in price, in order to ensure that investors …
- 14 Aug ’26On 14 Aug 2026, Dynamic Cables won GST appeal, dropping Rs.3,28,030 demand for FY2018-19. ↗
- 23 Jul ’26Q1 FY27 call: revenue up 33%, EBITDA INR38 cr, PAT INR25 cr; US market entry and September plant commissioning. ↗
Exchange filings, with the company's own one-line summary, read off the same page as the figures. Screener publishes only the most recent few, so this is the last 5 — not everything filed since your note, and a quiet-looking list is not proof of a quiet quarter. A filing is marked new when it is dated after the end of the quarter your note covers. Not scored, and not a judgement — a routine repayment notice and a takeover sit in the same list.
AI concall report · Q1 2027
The full earnings-call read behind this view — what management promised, what they delivered, and the earning trigger.
Growth Q1 2027
| Metric | This year vs lastYoY · vs Q1 2026 | vs the quarter beforeQoQ, sequential · vs Q4 2026 | 3-year yearly average3Y CAGR · compounded | 5-year yearly average5Y CAGR · compounded |
|---|---|---|---|---|
| Sales | ▲ +33.2% | −1.7% | +21.4% | +28.4% |
| Operating profit | ▲ +40.7% | +0.0% | +27.6% | +32.1% |
| EPS | ▲ +37.3% | +3.2% | +35.2% | +50.7% |
| PAT | ▲ +38.9% | +4.2% | — | — |
Tinted rows drive the Tier. Tier = the weaker of YoY Sales and YoY PAT growth. Here the weaker is Sales at +33.2%, which is ≥ 20% → Tier 1.
QoQ is sequential, not a trend. For most Indian companies the March quarter is seasonally the largest, so a June-quarter fall against it is a calendar effect. Only the YoY column feeds the Tier.
Multibagger potential
Good73/100
Cheap, and growing fast. Profit per share grew 35% a year, while the price-tag on its earnings actually got smaller. That gap — real growth nobody has paid up for — is exactly what this score looks for.
₹435 → ₹870 needs the P/E at 19× — it is 23× today, and has ranged 7.2× to 52× over the last 5 years. The rest would come from earnings growing as they have.
What you pay for its profitlog scale · 5-year range
Tripling needs 28× — it has traded there — high was 52×.
At ₹429 the price-tag on its earnings reaches the 23× it is being projected toward — the point where being cheap against that yardstick is used up.
Growth still unpaid, one leg weaker. Worth the concall read.
How this is calculated
This is arithmetic, not a forecast — Return = ΔEPS × ΔMultiple. It says what would have to be true, not how likely it is, and "earnings keep growing at this rate for three more years" is the assumption doing the most work. This is a small-cap at ₹2,098 cr, so the odds of a re-rate are not fighting its own size.
Growth rate used: 35.2% — the weakest of EPS / Sales / Op-profit from 3-year EPS CAGR. Latest quarter reads 37%.
How it compares with its rivals Wires & Cables · 6 of 22 listed
These are the industry's largest names rather than companies of its own size, so the columns are worth reading straight across — a ranking against them would only be restating the size gap.
| Company | Price | P/E | Size | ROCE | Profitlast qtr | Saleslast qtr |
|---|---|---|---|---|---|---|
| Dynamic Cables | ₹456 | 24.3× | ₹2,212 Cr | 26.2% | +37.0% | +33.2% |
| Polycab India | ₹8,315 | 43.8× | ₹1.25 L Cr | 33.2% | +32.5% | +39.0% |
| KEI Industries | ₹4,569 | 43.8× | ₹43,679 Cr | 20.1% | +40.0% | +23.0% |
| R R Kabel | ₹2,428 | 44.9× | ₹27,457 Cr | 28.1% | +117.3% | +53.9% |
| Finolex Cables | ₹1,401 | 26.7× | ₹21,427 Cr | 16.0% | +53.1% | +44.3% |
| KSH Internationa | ₹1,043 | 54.0× | ₹7,065 Cr | 21.5% | +86.2% | +108.4% |
Screener's own peer group, from the request already made for the industry P/E. It serves the industry's largest names by market cap, not companies of a similar size, so treat this as context rather than a like-for-like table; this company is always shown. On a phone the price, size and sales columns are dropped rather than pushed off the edge. Not part of the score.
Business quality to Jun 2026
| Are the margins widening? | broadly flat | operating margin 11% → 11% over 3 years |
|---|---|---|
| Did the profit turn into cash? | under half — much of the profit is tied up | 69% last year, 53% over three · free cash flow ₹4 cr, positive in 4 of 5 years |
| Is the growth borrowed? | essentially debt-free | ₹43 cr — 0.09× its own equity (was 0.16×) |
| Is it being collected? | collection is steady | 88 days to collect, up 4 in a year · cash cycle 93 days |
| Who has been buying? | the promoters have held steady | promoters 68.2%, 74.4% → 68.2% over 2.8 years · FIIs 0.7% (−0.6) · DIIs 1.0% (−0.6) · shareholders 35,363 → 51,019 |
| What does it earn on its capital? | earns a high return on the capital it employs | ROCE 26.2% · ROE 19.9% |
Fetched from the filings, not typed — and deliberately not part of the score. These are the questions the score cannot ask: it reads growth, price and trend, so a company can score well while its profit never becomes cash. Weigh these beside the note, not against the number.
Screener's own checklist not mine, not the score
In its favour
- Company has reduced debt.
- Company is almost debt free.
- Company has delivered good profit growth of 53.2% CAGR over last 5 years
Against it
- Promoter holding has decreased over last 3 years: -6.26%
Generated by screener.in from a fixed checklist — not written by me and not an input to the score. It is here as a second machine opinion to weigh against the note; where it disagrees with the view above, the note is the considered one.