Dynamic Cables Q4 FY25 Results & Concall Highlights: Revenue, Margins & Order Book
Published 26 Aug 2026 | Industrial Products | Market Cap: ₹2.2K Cr
Dynamic Cables has achieved a 5-year sales CAGR of around 20%, with FY ’25 showing 34% growth. - The company expects to maintain around a 20% CAGR in sales over the next few years due to strong structural demand. - Volume growth for recent periods was about 33%, with realizations increasing roughly 3%-4%, expected to continue similarly. - Order book growth from Rs. The company has a strong historical sales CAGR of around 20% over the last 5 years and aims to maintain this trajectory given favorable structural demand in the power infrastructure sector.
From Dynamic Cables's Q4 FY25 earnings-call transcript · updated 26 Aug 2026.
Price
₹428
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 has achieved a 5-year sales CAGR of around 20%, with FY ’25 showing 34% growth.
- →The company expects to maintain around a 20% CAGR in sales over the next few years due to strong structural demand.
- →Volume growth for recent periods was about 33%, with realizations increasing roughly 3%-4%, expected to continue similarly.
- →Order book growth from Rs. 680 crore to Rs. 725 crore in 3 months indicates strong demand visibility.
- →Capacity expansions (new Greenfield plant operational by H2 FY ’26) will add revenue potential of Rs. 200-250 crores, supporting future sales growth.
- →Focus on renewable segment and power utilities, especially domestic demand, is expected to sustain volume growth.
- →Export markets (U.S., Australia) offer long-term growth potential but currently remain marginal; meaningful traction expected from FY ’27.
- →Management expects stable margins (10%-10.5%) alongside growth.
📈 Profitability & Margins
- →The company has a strong historical sales CAGR of around 20% over the last 5 years and aims to maintain this trajectory given favorable structural demand in the power infrastructure sector.
- →Operating margins have been stable and consistent at 10% to 10.5% over the past 10 years, with management expecting this to continue considering the competitive landscape.
- →Export markets, especially the U.S. and Australia, present growth potential but will take 1-2 years to contribute significantly.
- →The ongoing Greenfield CAPEX (Rs. 35 crore) will add capacity with revenue potential of Rs. 200-250 crores, expected to achieve optimum utilization within 1-2 years.
- →Realizations are expected to rise modestly by 3-4% driven by higher share of value-added products; volume growth was 33% recently and expected to continue.
- →Overall, earnings and operating profits are expected to grow steadily with volume expansion, stable margins, and expanding product/export mix.
🏗️ Capital Expenditure Plans
- →Dynamic Cables is implementing a Greenfield expansion project with a CAPEX of Rs. 35 crore, expected to commence operations in H2 FY ‘26.
- →The new plant will focus on HV and LV segments, including solar cables and E-beam technology.
- →The Greenfield expansion aims for an asset turn of 5 to 6 times revenue.
- →Post commissioning of the new plant, management will evaluate further capacity expansion using vacant land near existing facilities (around 15,000 sq meters).
- →No other CAPEX beyond the ongoing Rs. 35 crore project has been announced yet.
- →The company follows incremental CAPEX to optimize utilization before initiating further investments.
💰 Fundraising & Capital Structure
- →There is no announcement or indication of any new fundraising through debt or equity beyond the ongoing CAPEX.
- →Management mentioned only the ongoing CAPEX (around Rs. 35 crore) which is under implementation; no other CAPEX or fundraising plans have been announced currently.
- →The company has reduced its debt levels and mainly uses working capital debt, which fluctuates with operational needs.
- →They possess vacant land for future capacity expansion, but no concrete fundraising plans tied to that yet.
- →Focus is on utilizing existing and ongoing CAPEX for growth without immediate plans for additional fundraising.
📋 Order Book & Pipeline
- →As of March 31, 2025, the order book stands at INR 726 crore, providing strong revenue visibility.
- →The order book increased from around INR 680 crore in December to INR 725 crore in three months after delivering approximately INR 330 crore in sales.
- →Around 70% of the order book is from power utilities: 15% export and 55% domestic.
- →Approximately 15% of the order book is from the renewable sector.
- →About 7%-8% of the order book comes from the government segment, mainly government DISCOMs.
- →The average delivery time for orders is around 6 to 9 months.
- →Export order book is roughly INR 100 crore.
- →The company is adding capacity with a new Greenfield CAPEX of Rs. 35 crore to support future orders.
- →Expect some exports to start impacting revenue by FY 2026-27.
Key Metrics
Frequently Asked Questions
What were Dynamic Cables Q4 FY25 results?
Dynamic Cables has achieved a 5-year sales CAGR of around 20%, with FY ’25 showing 34% growth. - The company expects to maintain around a 20% CAGR in sales over the next few years due to strong structural demand. - Volume growth for recent periods was about 33%, with realizations increasing roughly 3%-4%, expected to continue similarly. - Order book growth from Rs. The company has a strong historical sales CAGR of around 20% over the last 5 years and aims to maintain this trajectory given favorable structural demand in the power infrastructure sector.
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 is implementing a Greenfield expansion project with a CAPEX of 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.