Dynamic Cables Reports Strong Financial Performance for FY26 with Core Product Growth and Rs 808 Crs Order Book
Dynamic Cables Limited (DCL) announced its financial results for the quarter and full financial year ended March 31, 2026. The company reported solid operational and financial performance, despite a volatile macroeconomic environment.Mr. Ashish Mangal, Managing Director of Dynamic Cables Limited, commented that the company focused on high value add products during the last financial year, which resulted in higher profitability. He attributed the marked reduction in financial cost to continued financial discipline and lower interest/charges driven by credit rating enhancement. The company also noted healthy order inflows and strengthened its positioning through enhanced product capabilities, customer approvals, and continued focus on quality and execution standards.
Financial Performance Summary
The company’s financial results show steady growth across key metrics. The performance comparison for operating financials is detailed below:| Particulars | Q4 FY26 | Q4 FY25 | FY26 | FY25 |
|---|---|---|---|---|
| Operating Revenue | 355.5 | 331.2 | 1197.8 | 1025.4 |
| Operating Profits | 37.6 | 34.2 | 129.6 | 105.4 |
| Operating Margins% | 10.6% | 10.3% | 10.8% | 10.3% |
| Finance Cost | 3.0 | 2.0 | 11.5 | 15.3 |
| Depreciation | 3.2 | 2.9 | 11.8 | 10.9 |
| Other Income | 1.0 | 1.4 | 6.8 | 6.5 |
| PBT | 32.3 | 30.7 | 113.1 | 85.7 |
| Income Tax | 8.1 | 7.1 | 28.6 | 20.9 |
| PAT | 24.2 | 23.6 | 84.4 | 64.8 |
| EPS | 5.0 | 4.9 | 17.4 | 13.7 |
Operational and Market Highlights
Key operational highlights from the period include:- Core product (LV & HV power cables, renewable cables and other niche products) growth of 25% for FY26 and approximately 20% in Q4 FY26.
- Healthy Cash flow from Operations recorded at ₹ 62 Crs.
- The order book stands at approximately Rs 808 Crs as on March 31, 2026, compared to Rs 787 Crs on December 31, 2025.
- Receivable days (calculated on trailing six-month gross sales) were approximately 68 days in Q4 FY26.
The company also announced key business developments, including:
- Launching FR-LSH and HR-FRLSH housing wires for the B2B segment.
- Receiving PGCIL approval for ACSR & AL-59 conductors.
- Establishing a technical partnership with TS Conductor Corp, USA, to manufacture and market HTLS carbon core conductors (TS® Conductor).
Borrowing Status
The company's borrowing status provides an overview of its debt structure:| Particulars (Rs. In Crs) | 31 st Mar 2025 | 31 st Dec 2025 | 30 th Sep 2025 |
|---|---|---|---|
| Term Loans from Banks/FIs | 2.6 | 2.7 | 2.3 |
| Other Loans | 2.2 | 1.6 | 2.6 |
| Working Capital Loans | 35.6 | 62.3 | 70.3 |
| Total On-balance sheet Debt | 40.4 | 66.6 | 75.2 |
| LC Creditors (Off-balance sheet) | 76.6 | 33.6 | 24.9 |
| Total Borrowing | 117 | 100.3 | 100.1 |
| Cash & equivalents | 58.8 | 79.7 | 82.8 |
| Net Debt | 58.2 | 20.6 | 17.3 |
About Dynamic Cables Ltd.
Dynamic Cables Ltd. is a manufacturer of power infrastructure cables, including LV, HV, MV, Power control & instrumentation cables, and signaling cables. The company supplies cables to Government Discoms, Private Distribution companies, Private EPC contractors, industrial and Export clients. Dynamic Cables has four manufacturing plants located at Jaipur and Reengus. Business operations are managed through a corporate office in Jaipur and five regional sales offices across India.DYCL Stock Price Movement
As of 2:53 PM, shares of Dynamic Cables Limited are shedding 18.51% in live trading, currently hovering at ₹334.75. The stock is seeing intense selling pressure, with total traded volume reaching 1.86 million shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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