Dynamic Cables Reports Strong FY26 Results, Targets Growth Through Greenfield Expansion and Specialty Products

Dynamic Cables Reports Strong FY26 Results, Targets Growth Through Greenfield Expansion and Specialty Products​

Dynamic Cables Limited, a leading manufacturer and supplier of power cables in India, has reported significant operational and financial achievements, anchoring its future growth on capacity expansion, technological upgrades, and expansion into specialized and renewable energy segments.

The company leverages its presence across four manufacturing facilities situated in Jaipur and Reengus, supporting major utilities and end-users across India. Furthermore, the company is listed on both the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE), maintaining a robust global footprint in over 45 countries.

Financial Performance Highlights​

Review of key financial indicators shows strong operational momentum. The company reports substantial year-on-year growth metrics:


The company’s credit rating is currently listed as CRISIL A/Stable (Long Term) and CRISIL A1 (Short Term).

Strong Growth in FY26​

In the fiscal year 2026, Dynamic Cables recorded significant growth, particularly in niche and core product lines. Core product revenue, encompassing LV & HV Power Cables, Renewable Cables, and other niche products, saw a growth of approximately 25% compared to the previous year.

Operationally, the company saw improvements in profitability metrics. Operating margins improved to 10.8%, and PAT margins improved to approximately 7.0%. The order book remains robust, standing at approximately ₹ 808 Crs. As of Q4FY26, the receivable days, calculated on trailing six-month gross sales, stood at approximately 68 days, indicating healthy working capital management.

The company’s focus on high-quality customers has paid dividends; exports contributed around 6.4% to the revenue mix in FY26, alongside steady private and government sector business. Notably, the renewable segment has witnessed a remarkable 100% growth, contributing approximately 19% of the total revenue.

Strategic Growth Levers and Infrastructure​

Dynamic Cables is implementing a multi-pronged strategy to ensure sustained growth, focusing on Capacity Expansion, Technology Upgradation, Product Innovation, and increasing Export Thrust.

Key operational developments and strategic moves include:

• Expansion and Technology: The company is undertaking a greenfield expansion project with a planned capex of approximately ₹45 Crs. This investment is set to boost manufacturing capacity, enabling the execution of larger EPC and infrastructure orders. Furthermore, the adoption of advanced Electron Beam Cross-linking technology allows the company entry into specialized segments and enhances its product portfolio with premium cables and wires.
• Product Diversification: The product range continually expands to include critical items like Solar Power Cables, UL Cable, AC/DC Cables, and Housing Wires. The company has also launched FR-LSH and HR-FRLSH housing wires for the B2B segment.
• Market and Partnerships: The company has secured PGCIL approval for ACSR & AL-59 conductors. A technical partnership with TS Conductor Corp, USA, will facilitate the manufacturing and marketing of HTLS carbon core conductors (TS® Conductor). The UL certification achieved enables regulated market entry into the United States, focusing on US and high-growth markets.

The company’s trajectory is underpinned by its continuous focus on Research & Development (R&D), aiming to develop DC and other specialty cables and conductors to increase its wallet share.

Corporate Overview and Management​

Dynamic Cables Limited maintains a strong leadership structure. The company’s global operations span 43 countries, demonstrating its deep market penetration and ability to serve diverse industrial requirements worldwide. The business has a history of evolution, initially starting as Dynamic Engineers, a Partnership Firm, and has since diversified from manufacturing super enameled & DPC wires into overhead conductors and power cables. The organization is committed to robust environmental, social, and governance (ESG) standards, with its largest facility at Reengus rated as GreenCo Bronze by CII Godrej GBC.

DYCL Stock Price Movement​

As of 3:25 PM, shares of Dynamic Cables Limited are shedding 2.70% in live trading, currently hovering near ₹313.70. The stock is seeing significant activity, trading on a volume of 187,742 shares.