Dynamic Cables Q1 FY26 Results & Concall Highlights: Revenue, Margins & Order Book
Published 15 Jul 2026 | Industrial Products | Market Cap: ₹2.2K Cr
Dynamic Cables achieved a 28% volume growth in the latest quarter. - The company aims to grow at 1.5x the industry growth rate, targeting around 25% revenue growth versus industry’s 15%-20%. - Maximum monthly sales from current capacity reached Rs. The company reported a 26% year-on-year revenue growth and a 23% increase in operating profit in Q1 FY '26, indicating strong core operations and cost discipline. - Operating margin is expected to remain stable around 10% to 10.5% in the near term. - Profit after tax grew by 57% in Q1 FY '26, reflecting earnings strength. - The company expects to ramp up new plant capacity (with incremental revenue potential of Rs.
From Dynamic Cables's Q1 FY26 earnings-call transcript · updated 23 Aug 2026.
Price
₹459
Market Cap
₹2.2K Cr
P/E Ratio
23.9
How does Dynamic Cables rank in Industrial Products?
Compare Dynamic Cables against every Industrial Products company this quarter on revenue, margins and earnings-call signals.
Dynamic Cables — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: revenue ₹355 Cr, net profit ₹24 Cr.
Full financials →📊 Revenue & Sales Performance
- →Dynamic Cables achieved a 28% volume growth in the latest quarter.
- →The company aims to grow at 1.5x the industry growth rate, targeting around 25% revenue growth versus industry’s 15%-20%.
- →Maximum monthly sales from current capacity reached Rs. 125 crores (March 2025), indicating potential annualized revenue of Rs. 1,500 crores.
- →Optimum capacity utilization expected at 80%-90%.
- →New plant commissioned with Rs. 35 crores CAPEX, expecting incremental revenue of Rs. 200-250 crores, to be ramped up by FY '26/FY '27.
- →Continuous debottlenecking exercises are underway to enhance current plant capacity.
- →Solar cable market (a key growth segment) TAM estimated at Rs. 6,000-7,000 crores and expanding rapidly.
- →Expects to enter US market with sales expected to start by end FY '26 or early FY '27.
- →Target EBITDA margin maintained at 10%-10.5% in near term.
📈 Profitability & Margins
- →The company reported a 26% year-on-year revenue growth and a 23% increase in operating profit in Q1 FY '26, indicating strong core operations and cost discipline.
- →Operating margin is expected to remain stable around 10% to 10.5% in the near term.
- →Profit after tax grew by 57% in Q1 FY '26, reflecting earnings strength.
- →The company expects to ramp up new plant capacity (with incremental revenue potential of Rs. 200-250 crores) by FY '26 or FY '27.
- →Optimum capacity utilization is around 80-90%, with current capacity enabling about Rs. 1,150-1,200 crores revenue annually; new plants and debottlenecking exercises would support further growth.
- →Export sales (currently ~15% order book) and approvals in the U.S. market are expected to contribute to growth starting FY '26-end or FY '27.
- →Overall, the business outlook suggests sustainable revenue and operating profit growth in medium term with stable margins.
🏗️ Capital Expenditure Plans
- →Current CAPEX: A new plant with a total CAPEX of around Rs. 35 crores is being commissioned in H2 FY '25.
- →New plant details: The plant focuses on HV cables, solar cables (including E-beam facility), and AL59 conductors.
- →Revenue potential: Expected peak revenue from this new capacity is approximately 6x to 7x of the investment (around Rs. 200-250 crores).
- →Land availability: New land of around 15,000 square meters purchased last year near existing plants for future CAPEX.
- →Expansion potential: The 35,000 sq. meters plant area has 10,000-15,000 sq. meters still available for further CAPEX.
- →Timeline for future CAPEX: New projects typically take 9 months to 1.5 years to commercialize depending on cable type.
- →Strategic investments: Currently no plans for backward integration or other strategic tie-ups.
- →CAPEX funding: Planned CAPEX to be funded through internal accruals; long-term debt expected to be cleared by year-end.
💰 Fundraising & Capital Structure
- →The company raised Rs. 97 crores through preference shares recently.
- →As of June 30, around Rs. 71 crores of these funds have been utilized, primarily for working capital and Rs. 19 crores for CAPEX.
- →The CAPEX for the new plant is about Rs. 35 crores, funded through internal accruals.
- →The company expects to be free from all long-term debt by the end of the year; only working capital debt will remain.
- →There is no mention of any immediate or planned future fundraising through additional debt or equity beyond these points.
📋 Order Book & Pipeline
Key Metrics
Frequently Asked Questions
What were Dynamic Cables Q1 FY26 results?
Dynamic Cables achieved a 28% volume growth in the latest quarter. - The company aims to grow at 1.5x the industry growth rate, targeting around 25% revenue growth versus industry’s 15%-20%. - Maximum monthly sales from current capacity reached Rs. The company reported a 26% year-on-year revenue growth and a 23% increase in operating profit in Q1 FY '26, indicating strong core operations and cost discipline. - Operating margin is expected to remain stable around 10% to 10.5% in the near term. - Profit after tax grew by 57% in Q1 FY '26, reflecting earnings strength. - The company expects to ramp up new plant capacity (with incremental revenue potential of Rs.
What is Dynamic Cables share price analysis?
Dynamic Cables currently shows a neutral. The stock trades at a P/E of 23.9 with a market cap of ₹2,182 Cr. Investors should review the full earnings analysis for detailed insights.
Is Dynamic Cables planning capital expenditure?
Current CAPEX: A new plant with a total CAPEX of around Rs.
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This analysis is AI-generated based on publicly available earnings data and concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.