Company Overview
Dynamic Cables Limited (Scrip Code: 540795) is a manufacturer of power infrastructure cables including LV, HV, MV, power control & instrumentation cables, and signaling cables. The company serves government discoms, private distribution companies, EPC contractors, industrial clients, and export markets.
Financial Performance Highlights
Income Statement (₹ in lakhs)
- Revenue from Operations: ₹1,19,781.73 (17% growth from ₹1,02,537.34 in FY25)
- Other Income: ₹675.48
- Total Income: ₹1,20,457.21
- Profit before Tax: ₹11,305.99
- Income Tax Expenses: ₹2,862.33
- Profit after Tax: ₹8,443.66 (30% growth from ₹6,482.05 in FY25)
- EPS (Basic & Diluted): ₹17.42 (from ₹13.65 in FY25)
- EBITDA Margin: 10.8%
Key Ratios
- Debt-Equity Ratio: 0.09 (0.16 in FY25)
- Current Ratio: 2.52 (2.37 in FY25)
- Return on Equity: 20.32%
Capital Structure Changes
Bonus Issue
- Issued 2,42,29,319 bonus equity shares in 1:1 ratio
- Record Date: July 11, 2025
- Increased paid-up capital from ₹24.23 crore to ₹48.46 crore
Dividend
- Recommended final dividend of ₹0.50 per equity share (5%)
- Record Date: July 10, 2026
- Total cash outflow: approximately ₹2.42 crore
19th Annual General Meeting
Dynamic Cables Limited has issued notice for its 19th Annual General Meeting (AGM) to be held on July 21, 2026, containing multiple resolutions requiring shareholder approval.
Key Resolutions
- Appointment of Mr. Neeraj Bali as Independent Director: Proposed term of 5 consecutive years from June 16, 2026 to June 15, 2031
- Increase in Remuneration for Mr. Rasik Mangal: From ₹30 lakh to ₹40 lakh per annum as General Manager, Marketing
- Enhancement of Borrowing Limits: From ₹300 crore to ₹700 crore for expansion plans and working capital
- Ratification of Cost Auditor Remuneration: ₹50,000 plus applicable GST for M/s Maharwal & Associates
Voting Procedures
- Remote e-voting period: July 17, 2026 (10:00 AM IST) to July 20, 2026 (5:00 PM IST)
- E-voting service provider: Bigshare Services Pvt Ltd
- Virtual meeting access through Bigshare Services platform
Operational Highlights
Order Book & Market Position
- Order Book: ₹808 crore as of March 31, 2026
- Export Revenue: ₹49.04 crore (6.4% of total revenue)
- Product Mix: HT Cables (63.1%), LT Cables (28.9%), Conductors (6.0%)
Capacity Expansion
- Continued debottlenecking at existing plants in Jaipur
- Significant progress on greenfield facility at Reengus, Rajasthan
- E-beam facility for DC solar cables enhancement
- Strategic entry into building wires segment with FR-LSH and HR-FR-LSH products
Credit Ratings
- CRISIL: A/Stable (Long Term), A1 (Short Term) - reaffirmed March 20, 2026
- India Ratings: Upgraded to IND A/Stable from IND A-/Stable - revised November 10, 2025
ESG Initiatives
Environmental
- Solar Capacity: Increased to 3.06 MW from 2.67 MW
- Electric Forklifts: Invested ₹35.50 lakhs for cleaner material handling
- Sustainable Packaging: Shift to reusable steel drums from wooden drums
Social (CSR Spend: ₹1.30 crore)
- Education infrastructure development in schools
- Vision Therapy Centre at Disha Foundation
- Support for Old Age Home construction
- Cancer hospital patient couch procurement
Corporate Governance
Board Composition
- 7 Directors: 1 Executive, 2 Non-Executive Non-Independent, 4 Independent Directors
- 6 Board meetings held during FY26
- Key Committees: Audit, Nomination & Remuneration, Stakeholders Relationship, CSR, Finance
Key Appointments
- Mr. Neeraj Bali appointed as Additional Director (Non-Executive Independent) from June 16, 2026
- Mr. Ashish Mangal reappointed as Managing Director for 3 years from July 21, 2025 to July 20, 2028
Forward Outlook
- Strong demand from power transmission & distribution, renewable energy sectors
- Focus on increasing export contribution to 10-15% of revenue
- Capacity expansion at Reengus facility to support growth
- Product innovation in specialty cables, housing wires, and advanced conductors
- Continued emphasis on operational efficiency and working capital management