Dynamic Cables Ltd: Fundamental Analysis, Share Price Insights & Intrinsic Value (2024)

Share Price and Basic Stock Data

Last Updated: December 21, 2024, 1:04 am

Market Cap	2,403 Cr.
Current Price	992
High / Low	1,095/337
Stock P/E	51.4
Book Value	138
Dividend Yield	0.05 %
ROCE	24.1 %
ROE	19.3 %
Face Value	10.0
PEG Ratio	1.46

Stock P/E, Current Price, and Intrinsic Value Over Time

Stock P/E Current Price Intrinsic Value

View Share Price Target for

Competitors of

Stock Name	Market Cap	Current Price	High / Low	Stock P/E	Book Value	Dividend Yield	ROCE	ROE	Face Value
Hindusthan Urban Infrastructure Ltd	360 Cr.	2,492	3,550/1,948		2,585	0.00 %	1.90 %	7.09 %	10.0
Dynamic Cables Ltd	2,403 Cr.	992	1,095/337	51.4	138	0.05 %	24.1 %	19.3 %	10.0
Cybele Industries Ltd	40.7 Cr.	38.0	61.0/34.2		46.3	0.00 %	1.56 %	0.16 %	10.0
BC Power Controls Ltd	29.5 Cr.	4.23	6.62/3.61		5.93	0.00 %	4.88 %	1.79 %	2.00
Advait Infratech Ltd	1,786 Cr.	1,654	2,260/569	67.9	163	0.09 %	39.6 %	33.6 %	10.0
Industry Average	20,106.44 Cr	1,565.99		75.61	411.61	0.18%	16.21%	13.22%	7.25

All Competitor Stocks of

Quarterly Result

Month	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
Sales	133	143	173	158	173	159	178	181	154	192	241	209	234
Expenses	118	126	157	144	159	144	159	161	140	174	215	187	210
Operating Profit	16	17	15	14	15	15	19	20	13	18	25	22	24
OPM %	12%	12%	9%	9%	9%	9%	11%	11%	9%	9%	11%	10%	10%
Other Income	0	1	1	1	1	0	1	1	1	1	1	1	2
Interest	3	4	3	3	4	4	5	4	5	6	5	5	5
Depreciation	2	2	2	2	2	2	2	2	2	2	3	3	3
Profit before tax	11	12	11	10	10	9	13	15	7	10	18	16	18
Tax %	28%	24%	25%	25%	27%	27%	24%	24%	30%	27%	25%	26%	24%
Net Profit	8	9	8	7	7	7	10	11	5	8	14	12	14
EPS in Rs	3.57	4.13	3.85	3.26	3.28	3.02	4.53	5.17	2.31	3.42	6.26	4.79	5.72

Last Updated: November 6, 2024, 6:51 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: October 23, 2024, 2:39 pm

Month	Mar 2011	Mar 2012	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
Sales	140	119	260	268	300	357	527	429	343	564	669	768	876
Expenses	132	110	251	247	281	337	478	384	317	504	606	691	787
Operating Profit	7	10	9	21	19	20	48	45	26	60	63	77	89
OPM %	5%	8%	4%	8%	6%	5%	9%	11%	7%	11%	9%	10%	10%
Other Income	0	0	2	2	5	3	6	3	8	3	3	3	5
Interest	5	7	5	10	9	9	13	15	12	13	16	21	21
Depreciation	2	2	2	2	2	2	8	9	8	8	8	9	10
Profit before tax	0	0	4	10	12	11	33	24	13	42	42	51	63
Tax %	0%	0%	30%	32%	35%	35%	35%	24%	26%	26%	26%	26%
Net Profit	0	0	3	7	8	7	21	18	10	31	31	38	47
EPS in Rs	0.40	0.38	2.54	6.80	7.42	3.38	9.64	8.28	4.47	14.04	14.09	17.16	20.19
Dividend Payout %	0%	0%	0%	0%	0%	7%	3%	3%	6%	4%	4%	3%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2015-2016	2016-2017	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024
YoY Net Profit Growth (%)	133.33%	14.29%	-12.50%	200.00%	-14.29%	-44.44%	210.00%	0.00%	22.58%
Change in YoY Net Profit Growth (%)	0.00%	-119.05%	-26.79%	212.50%	-214.29%	-30.16%	254.44%	-210.00%	22.58%

has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 9 years from 2015-2016 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:	%
5 Years:	8%
3 Years:	31%
TTM:	30%

Compounded Profit Growth
10 Years:	%
5 Years:	12%
3 Years:	57%
TTM:	41%

Stock Price CAGR
10 Years:	%
5 Years:	94%
3 Years:	124%
1 Year:	120%

Return on Equity
10 Years:	%
5 Years:	18%
3 Years:	20%
Last Year:	19%

Last Updated: Unknown

Balance Sheet

Last Updated: December 14, 2024, 1:48 pm

Month	Mar 2011	Mar 2012	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
Equity Capital	8	9	10	10	11	22	22	22	22	22	22	22	24
Reserves	5	6	10	17	31	49	70	86	95	126	155	192	310
Borrowings	34	37	49	92	86	131	133	122	118	77	82	119	118
Other Liabilities	38	26	64	42	48	36	68	69	62	125	144	165	114
Total Liabilities	86	78	133	161	176	238	292	299	297	350	403	499	567
Fixed Assets	20	19	18	19	18	56	58	56	55	53	56	63	80
CWIP	0	0	0	0	10	0	0	0	0	0	3	7	2
Investments	1	1	0	0	0	0	0	0	0	0	0	1	77
Other Assets	65	58	115	142	148	182	234	243	242	297	345	428	407
Total Assets	86	78	133	161	176	238	292	299	297	350	403	499	567

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2011	Mar 2012	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Cash from Operating Activity +	10	5	10	-39	22	-23	18	40	17	64	27	1
Cash from Investing Activity +	-1	-1	-1	-3	-14	-31	-9	-8	-6	-9	-16	-16
Cash from Financing Activity +	-9	-4	2	33	-6	52	-9	-32	-11	-55	-12	15
Net Cash Flow	-0	0	11	-9	2	-2	0	-0	0	-0	0	0

Free Cash Flow

Month	Mar 2011	Mar 2012	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Free Cash Flow	-27.00	-27.00	-40.00	-71.00	-67.00	-111.00	-85.00	-77.00	-92.00	-17.00	-19.00	-42.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

Month	Mar 2011	Mar 2012	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	108	109	86	99	102	100	107	128	136	103	113	121
Inventory Days			43	77	52	57	43	58	110	75	58	74
Days Payable			92	61	56	33	49	68	67	96	88	89
Cash Conversion Cycle	108	109	36	115	99	124	101	117	179	82	83	106
Working Capital Days	58	83	42	118	101	129	102	125	168	93	92	110
ROCE %		15%		22%	17%	13%	21%	17%	11%	24%	24%	24%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024
Promoters	74.16%	74.28%	74.35%	74.36%	74.39%	74.41%	74.43%	74.44%	74.44%	74.45%	74.47%	68.17%
FIIs	0.03%	0.05%	0.10%	0.10%	0.13%	0.28%	0.10%	0.35%	0.10%	0.08%	0.03%	0.39%
DIIs	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.09%	0.08%	0.07%	2.34%
Public	25.81%	25.66%	25.55%	25.54%	25.48%	25.30%	25.47%	25.20%	25.37%	25.37%	25.44%	29.09%
No. of Shareholders	2,948	3,824	6,411	6,551	7,368	11,671	15,889	22,295	35,363	37,160	36,635	38,043

Shareholding Pattern Chart

No. of Shareholders

This stock is not held by any mutual fund

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20
FaceValue	10.00	10.00	10.00	10.00	10.00
Basic EPS (Rs.)	17.16	14.09	14.04	4.47	8.32
Diluted EPS (Rs.)	17.16	14.09	14.04	4.47	8.32
Cash EPS (Rs.)	21.36	17.68	17.69	8.27	12.30
Book Value[Excl.RevalReserv]/Share (Rs.)	97.19	80.60	67.06	53.23	49.69
Book Value[Incl.RevalReserv]/Share (Rs.)	97.19	80.60	67.06	53.23	49.69
Dividend / Share (Rs.)	0.50	0.50	0.50	0.25	0.25
Revenue From Operations / Share (Rs.)	348.87	303.73	256.00	155.66	194.69
PBDIT / Share (Rs.)	36.69	29.93	28.42	15.28	21.82
PBIT / Share (Rs.)	32.48	26.34	24.76	11.48	17.84
PBT / Share (Rs.)	23.06	18.97	18.85	6.08	10.88
Net Profit / Share (Rs.)	17.16	14.09	14.04	4.47	8.32
PBDIT Margin (%)	10.51	9.85	11.10	9.81	11.20
PBIT Margin (%)	9.31	8.67	9.67	7.37	9.16
PBT Margin (%)	6.61	6.24	7.36	3.90	5.58
Net Profit Margin (%)	4.91	4.63	5.48	2.87	4.27
Return on Networth / Equity (%)	17.65	17.47	20.93	8.40	16.75
Return on Capital Employeed (%)	32.26	30.42	31.41	16.82	24.75
Return On Assets (%)	7.57	7.68	8.82	3.31	6.08
Long Term Debt / Equity (X)	0.02	0.06	0.16	0.26	0.43
Total Debt / Equity (X)	0.55	0.46	0.51	0.92	1.07
Asset Turnover Ratio (%)	1.70	1.77	1.74	1.15	1.45
Current Ratio (X)	1.54	1.61	1.66	1.64	1.71
Quick Ratio (X)	1.08	1.19	1.13	1.07	1.34
Inventory Turnover Ratio (X)	5.98	6.00	5.40	4.08	6.42
Dividend Payout Ratio (NP) (%)	2.91	3.54	1.78	5.59	3.62
Dividend Payout Ratio (CP) (%)	2.34	2.82	1.41	3.02	2.45
Earning Retention Ratio (%)	97.09	96.46	98.22	94.41	96.38
Cash Earning Retention Ratio (%)	97.66	97.18	98.59	96.98	97.55
Interest Coverage Ratio (X)	3.89	4.06	4.81	2.83	3.13
Interest Coverage Ratio (Post Tax) (X)	2.82	2.91	3.38	1.83	2.20
Enterprise Value (Cr.)	905.95	418.89	320.12	138.15	138.43
EV / Net Operating Revenue (X)	1.18	0.62	0.56	0.40	0.32
EV / EBITDA (X)	11.22	6.36	5.12	4.11	2.88
MarketCap / Net Operating Revenue (X)	1.06	0.55	0.47	0.15	0.09
Retention Ratios (%)	97.08	96.45	98.21	94.40	96.37
Price / BV (X)	3.82	2.08	1.83	0.44	0.38
Price / Net Operating Revenue (X)	1.06	0.55	0.47	0.15	0.09
EarningsYield	0.04	0.08	0.11	0.18	0.43

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of as of December 21, 2024 is: 1,369.67

Calculation basis:

Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of December 21, 2024, is Undervalued by 38.07% compared to the current share price 992.00

Intrinsic Value of as of December 21, 2024 is: 1,851.75

Calculation basis:

Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of December 21, 2024, is Undervalued by 86.67% compared to the current share price 992.00

Last 5 Year EPS CAGR: 35.20%

*Investments are subject to market risks

Strength and Weakness

Strength	Weakness
The stock has a high average ROCE of 15.67%, which is a positive sign. The company has shown consistent growth in sales (432.31 cr) and profit (23.46 cr) over the years.	The stock has a high average Working Capital Days of 101.75, which may not be favorable. The stock has a high average Cash Conversion Cycle of 104.92, which may not be favorable. The company has higher borrowings (92.15) compared to reserves (88.62), which may suggest financial risk.

Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in :
1. Net Profit Margin: 4.91%
  - Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
2. ROCE: 32.26% (Industry Average ROCE: 16.21%)
  - ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
3. ROE%: 17.65% (Industry Average ROE: 13.22%)
  - ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
4. Interest Coverage Ratio (Post Tax): 2.82
  - Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
5. Quick Ratio: 1.08
  - Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
6. Stock P/E: 51.4 (Industry average Stock P/E: 75.61)
  - Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
7. Total Debt / Equity: 0.55
  - Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
Stock Rating:

About the Company - Qualitative Analysis

Dynamic Cables Ltd. is a Public Limited Listed company incorporated on 03/04/2007 and has its registered office in the State of Rajasthan, India. Company’s Corporate Identification Number(CIN) is L31300RJ2007PLC024139 and registration number is 024139. Currently Company is involved in the business activities of Manufacture of other electronic and electric wires and cables (insulated wire and cable made of steel, copper, aluminium). Company’s Total Operating Revenue is Rs. 563.57 Cr. and Equity Capital is Rs. 22.01 Cr. for the Year ended 31/03/2022.

INDUSTRY	ADDRESS	CONTACT
Cables - Power/Others	F-260, Road No 13, Jaipur Rajasthan 302013	investor.relations@dynamiccables.co.in http://www.dynamiccables.co.in

Management
Name	Position Held
Mr. Rahul Mangal	Chairman & Non-Exe.Director
Mr. Ashish Mangal	Managing Director
Mr. Sumer Singh Punia	Non Executive Director
Mr. Saurav Gupta	Independent Director
Mr. Ashok Kumar Bhargava	Independent Director
Mrs. Shweta Jain	Independent Director
Mr. Bharat Moossaddee	Independent Director

FAQ

What is the latest intrinsic value of Dynamic Cables Ltd?

The latest intrinsic value of Dynamic Cables Ltd as on 20 December 2024 is ₹1369.67, which is 38.07% higher than the current market price of ₹992.00. The stock has a market capitalization of 2,403 Cr. and recorded a high/low of 1,095/337 during the current fiscal year 2024-2025. As of Sep 2024, the company has reserves of ₹310 Cr and total liabilities of ₹567 Cr.

What is the Market Cap of Dynamic Cables Ltd?

The Market Cap of Dynamic Cables Ltd is 2,403 Cr..

What is the current Stock Price of Dynamic Cables Ltd as on 20 December 2024?

The current stock price of Dynamic Cables Ltd as on 20 December 2024 is 992.

What is the High / Low of Dynamic Cables Ltd stocks in FY 2024-2025?

In FY 2024-2025, the High / Low of Dynamic Cables Ltd stocks is 1,095/337.

What is the Stock P/E of Dynamic Cables Ltd?

The Stock P/E of Dynamic Cables Ltd is 51.4.

What is the Book Value of Dynamic Cables Ltd?

The Book Value of Dynamic Cables Ltd is 138.

What is the Dividend Yield of Dynamic Cables Ltd?

The Dividend Yield of Dynamic Cables Ltd is 0.05 %.

What is the ROCE of Dynamic Cables Ltd?

The ROCE of Dynamic Cables Ltd is 24.1 %.

What is the ROE of Dynamic Cables Ltd?

The ROE of Dynamic Cables Ltd is 19.3 %.

What is the Face Value of Dynamic Cables Ltd?

The Face Value of Dynamic Cables Ltd is 10.0.