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Dynamic Cables

Q3 FY26Industrial Products

Dynamic Cables Q3 FY26 earnings call: Revenue & Margins

Q3 FY26 earnings call: what management said on revenue, margins and capex.

Price₹459
Market cap₹2.2K Cr
P/E23.9
Updated23 Aug 2026
Read4 min read

The short version

Long-term revenue growth target is 18%-20% annually, consistent with past performance. Long-term revenue growth is projected at 18%-20% annually, consistent with the company's historical trend.

From Dynamic Cables's Q3 FY26 earnings-call transcript · updated 23 Aug 2026.

Revenue & Sales Performance

  • Long-term revenue growth target is 18%-20% annually, consistent with past performance.
  • Management expects industry growth around 12%-13%, with the company aiming to grow at 1.5x industry rate (~18%-20%).
  • Volume growth is difficult to quantify quarterly but is expected to correlate with product mix; long-term growth remains optimistic.
  • Order book shows a steady increase (10% quarterly growth recently), indicating sustained demand.
  • New CAPEX of Rs.40-45 crores expected to add incremental annual turnover of Rs.250-260 crores, supporting revenue growth from FY26 end.
  • Expansion in solar cable business (currently 15%-20% of sales) projected to at least double in 3-4 years, contributing to revenue increase.

2 more points from Dynamic Cables's call on revenue

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Profitability & Margins

See what Dynamic Cables said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

  • Dynamic Cables Limited is undertaking a Greenfield CAPEX of around Rs. 35-45 crores, expected to complete by the end of FY26.
  • This CAPEX is anticipated to add incremental revenue of approximately Rs. 250-260 crores annually, based on a 6x asset turnover ratio.
  • The current CAPEX will be exhausted by FY27 end or early FY28; additional CAPEX plans will be considered thereafter to sustain 18%-20% growth.
  • Optimum capacity utilization is expected around 80%-85%, and new CAPEX decisions will align with growth targets and asset turns.

2 more points from Dynamic Cables's call on capex

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Top-ranked in Industrial Products

Ranked on what management guided this quarter

Guidance-ranked
Rev 1Mar 1
2Shera Energy
Rev 1Mar 1
3
Rev 1Mar 1
4
Rev 1Mar 2
5
Rev 1Mar 2
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Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.

Fundraising & Capital Structure

See what Dynamic Cables said on fundraising & capital structure — free account, 30 seconds.

Order Book & Pipeline

  • As of December 31, 2025, the order book stands at Rs. 787 crores, showing a 10% quarter-on-quarter growth.
  • The order book has grown from around Rs. 450-500 crores three years ago to Rs. 700-800 crores currently.
  • Capacity constraints influence the order book size; it is maintained in line with deliverable capacity.
  • Capacity utilization is around 75%-80%.
  • With the completion of new CAPEX by March 2026, management aims to increase the order book further, potentially targeting around Rs. 1000 crores by March or June 2026.
  • Order wins have accelerated post-monsoon, supporting order book growth.

2 more points from Dynamic Cables's call on order book

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Dynamic Cables — Quarterly revenue & net profit

Revenue Net profit
Jun 2025Q1 FY26
Sep 2025Q2 FY26
Dec 2025Q3 FY26
Mar 2026Q4 FY26
Jun 2026Q1 FY27
Sep 2026Q2 FY27

Reported quarterly figures (₹ Cr). Latest (Q2 FY27): revenue ₹363 Cr, net profit ₹22 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

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Frequently Asked Questions

What were Dynamic Cables Q3 FY26 results?

Long-term revenue growth target is 18%-20% annually, consistent with past performance. Long-term revenue growth is projected at 18%-20% annually, consistent with the company's historical trend.

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?

Dynamic Cables Limited is undertaking a Greenfield CAPEX of around Rs.

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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.