Dynamic Cables Ltd

- 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.

- 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.

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.

- 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.

- 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.