Dynamic Cables Q3 FY25 Results & Concall Highlights: Revenue, Margins & Order Book

Published 26 Aug 2026 | Industrial Products | Market Cap: ₹2.2K Cr

Future growth expectations for Dynamic Cables Limited are as follows: - Historically, the cable business has grown at over 20% CAGR for the last 7-8 years. - Management expects this growth trend to continue for the next 3-5 years. - The current plant, after debottlenecking, supports annual revenue capacity of around INR 1,150-1,200 crores. - Planned CAPEX of approx. Dynamic Cables has delivered strong growth with 32% revenue growth and 72% PAT growth in 9 months FY25.

From Dynamic Cables's Q3 FY25 earnings-call transcript · updated 26 Aug 2026.

Price

428

Market Cap

₹2.2K Cr

P/E Ratio

23.9

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Dynamic Cables — Quarterly revenue & net profit

Revenue Net Profit
Dec 2024
Mar 2025
Jun 2025
Sep 2025
Dec 2025
Mar 2026

Reported quarterly figures (₹ Cr). Latest: revenue ₹355 Cr, net profit ₹24 Cr.

Full financials →

📊 Revenue & Sales Performance

Future growth expectations for Dynamic Cables Limited are as follows: - Historically, the cable business has grown at over 20% CAGR for the last 7-8 years. - Management expects this growth trend to continue for the next 3-5 years. - The current plant, after debottlenecking, supports annual revenue capacity of around INR 1,150-1,200 crores. - Planned CAPEX of approx. INR 35 crores will add another INR 200 crores of capacity by Q2 FY26. - Focused growth drivers include power distribution investments, rural electrification, renewable energy cables (solar & wind), underground cabling, and migration to high voltage lines. - Export markets, including the new US market (pending approvals), offer incremental high-margin growth. - Management does not provide specific yearly guidance but is optimistic about sustained double-digit growth given the strong order book and industry tailwinds.

📈 Profitability & Margins

  • Dynamic Cables has delivered strong growth with 32% revenue growth and 72% PAT growth in 9 months FY25.
  • The company has a robust order book of INR 682 crores, indicating strong future revenue visibility.
  • Over the past 7-8 years, cable business has grown at over 20% CAGR, and management expects this trend to continue for next 3-5 years.
  • Capacity enhancements through debottlenecking and a new CAPEX of INR 35 crores will increase revenue capacity from ~1,000 crores to around 1,350 crores by Q2 FY26.
  • Long-term growth is driven by power infrastructure investments like rural electrification, renewable energy, underground cabling, and migration to high voltage lines.
  • Operating margins remained stable at 10.3%, with operating profit growing 37% to INR 71.2 crores.
  • The focus on financial discipline and execution efficiency is expected to sustain earnings growth and margin stability.

🏗️ Capital Expenditure Plans

  • Ongoing CAPEX of around INR 35 crores is on track and expected to be operational by Q2 FY26.
  • This CAPEX will add approximately INR 200 crores of revenue capacity.
  • Existing plant debottlenecking has increased capacity from around INR 1,000 crores to approximately INR 1,150-1,200 crores annually.
  • Post completion of current expansion, a land parcel of about 15,000 square meters is available for potential further expansion.
  • No finalized plans yet for CAPEX beyond FY26; current focus is on executing ongoing expansion quickly.
  • Fundraise planned to support around INR 35 crores CAPEX and working capital needs.
  • Capacity enhancement aims to meet growing demand from power distribution, renewable energy, and export markets including the US.

💰 Fundraising & Capital Structure

  • Dynamic Cables Limited is currently undertaking a fundraising exercise.
  • The funds raised will be a mix of working capital and CAPEX.
  • Around INR 35 crores from the fundraise will be used for CAPEX.
  • The balance amount will be utilized to fund working capital requirements.
  • There is no specific mention of whether this fundraising is through debt or equity.
  • The company is focused on executing current expansions and has land available for future growth, but no concrete plans on further CAPEX beyond FY26 have been decided yet.

📋 Order Book & Pipeline

  • As of December 31, 2024, Dynamic Cables Limited's order book stands at INR 682 crores, showing strong revenue visibility.
  • The order book has increased Q-on-Q from around 580-595 crores in Q3 to 680 crores.
  • Incremental order of approximately INR 100 crores driven 100% by the domestic business.
  • Export unexecuted orders stand around INR 70-75 crores.
  • Renewable cables order book is around INR 100 crores.
  • Orders are expected to be executed over the next 6 to 9 months, with some possible spillover to the next year for renewable cables.
  • The company maintains robust demand with a healthy and growing order book, especially in domestic power distribution and renewable segments.

Key Metrics

Frequently Asked Questions

What were Dynamic Cables Q3 FY25 results?

Future growth expectations for Dynamic Cables Limited are as follows: - Historically, the cable business has grown at over 20% CAGR for the last 7-8 years. - Management expects this growth trend to continue for the next 3-5 years. - The current plant, after debottlenecking, supports annual revenue capacity of around INR 1,150-1,200 crores. - Planned CAPEX of approx. Dynamic Cables has delivered strong growth with 32% revenue growth and 72% PAT growth in 9 months FY25.

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?

Ongoing CAPEX of around INR 35 crores is on track and expected to be operational by Q2 FY26.

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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.

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