Dynamic Cables Ltd (NSE:DYCL)
₹ 450.2 -5.15 (-1.13%) Market Cap: 21.82 Bil Enterprise Value: 21.96 Bil PE Ratio: 23.94 PB Ratio: 4.77 GF Score: 94/100

Q4 2026 Dynamic Cables Ltd Earnings Call Transcript

May 12, 2026 / 08:30AM GMT
Release Date Price: ₹328.7 (-19.99%)

Key Points

Positve
  • Dynamic Cables Ltd (BOM:540795) reported a 17% year-on-year revenue growth and a 23% increase in operating profit for FY26, showcasing strong financial performance.
  • The company achieved its highest annual revenue and profitability, with operating margins improving to 10.8%, reflecting enhanced operational efficiency.
  • Dynamic Cables Ltd (BOM:540795) has focused on core value-added products, leading to improved profitability and stronger operating performance.
  • The company has a healthy order book, supported by strong customer relationships and sustained demand across key power electric segments.
  • Dynamic Cables Ltd (BOM:540795) is expanding its capacity, with new projects expected to come online in the second half of FY27, positioning the company for future growth.
Negative
  • The company faced delays in capacity expansion due to regulatory approvals and logistics disruptions related to the ongoing Iran war.
  • There was a slowdown in revenue growth in Q4 FY26, attributed to a high base effect and deferment of orders due to raw material price volatility.
  • Gross margins declined in the quarter, despite the focus on higher-margin core products, raising concerns about cost management.
  • Dynamic Cables Ltd (BOM:540795) experienced a significant increase in net debt quarter-on-quarter, raising questions about future finance costs.
  • Exports saw a slight decline in FY26, and the company faces challenges in re-establishing its presence in the US market due to past tariff issues.
Operator

Ladies and Gentlemen, Good day and welcome to Dynamic Cables Limited Q4 FY26 Earnings Conference Call hosted by Philips Capital India Pvt. Ltd.

Operator Instructions

I now hand the conference over to Mr. Pranay Shah from Phillips Capital.

Thank you and over to you, Mr. Shah.

Pranay Shah
Phillips Capital

Thank you, Nirav.

Good afternoon, everyone. On behalf of Phillips Capital, I welcome all of you to the fourth quarter and FY26 earnings conference call of Dynamic Cables Limited.

From the management side, we have Mr. Ashish Mangal, Managing Director, Mr. Murari Lal Podda, Chief Financial Officer and Mr. Govind Saboo, IR Advisor.

Ashish Mangal
Dynamic Cables - Managing Director

I request the team to give their opening remarks, post which we shall open the floor for Q&A.

Pranay Shah
Phillips Capital

Thank you and over to you, sir.

Good afternoon, everyone.

I, Ashish Mangal, Managing Director of

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