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Last Updated on: 25 July, 2024
Author: Getaka|Social: Getaka Financial Services X (Earlier Twitter) Profile Getaka Financial Services LinkedIn Logo
Stock Ticker - BSE: 540795 | NSE: DYCL

Fundamental Analysis of Dynamic Cables Ltd

Share Price and Basic Stock Data

Last Updated: July 25, 2024, 10:02 pm

Market Cap 1,277 Cr.
Current Price 579
High / Low680/337
Stock P/E33.9
Book Value 97.2
Dividend Yield0.09 %
ROCE24.1 %
ROE19.3 %
Face Value 10.0
PEG Ratio2.16

Data Source: screener.in

Competitors of Dynamic Cables Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Dynamic Cables Ltd 1,277 Cr. 579680/33733.9 97.20.09 %24.1 %19.3 % 10.0
Delton Cables Ltd 448 Cr. 519548/98.246.1 82.60.00 %18.4 %15.2 % 10.0
Cybele Industries Ltd 61.6 Cr. 57.661.0/20.0 55.50.00 %1.56 %0.16 % 10.0
BC Power Controls Ltd 31.8 Cr. 4.557.27/3.5144.1 5.830.00 %4.88 %1.79 % 2.00
Advait Infratech Ltd 2,116 Cr. 2,0722,260/35299.2 73.00.00 %40.0 %34.0 % 10.0
Industry Average24,170.33 Cr1,910.02102.03225.990.11%19.05%14.46%8.00

Quarterly Result

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Sales139114133143173158173159178181154192241
Expenses128102118126157144159144159161140174215
Operating Profit12121617151415151920131825
OPM %8%10%12%12%9%9%9%9%11%11%9%9%11%
Other Income1101111011111
Interest3334334454565
Depreciation2222222222223
Profit before tax7711121110109131571018
Tax %27%25%28%24%25%25%27%27%24%24%30%27%25%
Net Profit5589877710115814
EPS in Rs2.432.483.574.133.853.263.283.024.535.172.313.426.26

Last Updated: July 11, 2024, 8:49 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: July 25, 2024, 6:51 pm

MonthMar 2011Mar 2012Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Sales140119260268300357527429343564669768
Expenses132110251247281337478384317504606691
Operating Profit7109211920484526606377
OPM %5%8%4%8%6%5%9%11%7%11%9%10%
Other Income002253638333
Interest5751099131512131621
Depreciation222222898889
Profit before tax004101211332413424251
Tax %0%0%30%32%35%35%35%24%26%26%26%26%
Net Profit003787211810313138
EPS in Rs0.400.382.546.807.423.389.648.284.4714.0414.0917.16
Dividend Payout %0%0%0%0%0%7%3%3%6%4%4%3%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-2024
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%

Growth

Compounded Sales Growth
10 Years:%
5 Years:8%
3 Years:31%
TTM:15%
Compounded Profit Growth
10 Years:%
5 Years:12%
3 Years:57%
TTM:22%
Stock Price CAGR
10 Years:%
5 Years:78%
3 Years:127%
1 Year:33%
Return on Equity
10 Years:%
5 Years:18%
3 Years:20%
Last Year:19%

Last Updated: July 25, 2024, 4:32 pm

Balance Sheet

Last Updated: July 11, 2024, 1:21 am

MonthMar 2011Mar 2012Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Equity Capital8910101122222222222222
Reserves5610173149708695126155192
Borrowings34374992861311331221187782119
Other Liabilities382664424836686962125144165
Total Liabilities8678133161176238292299297350403499
Fixed Assets201918191856585655535663
CWIP0000100000037
Investments110000000001
Other Assets6558115142148182234243242297345428
Total Assets8678133161176238292299297350403499

Reserves and Borrowings Chart

Cash Flow

MonthMar 2011Mar 2012Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity 10510-3922-2318401764271
Cash from Investing Activity -1-1-1-3-14-31-9-8-6-9-16-16
Cash from Financing Activity -9-4233-652-9-32-11-55-1215
Net Cash Flow-0011-92-20-00-000

Free Cash Flow

MonthMar 2011Mar 2012Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 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

MonthMar 2011Mar 2012Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days1081098699102100107128136103113121
Inventory Days437752574358110755874
Days Payable92615633496867968889
Cash Conversion Cycle10810936115991241011171798283106
Working Capital Days5883421181011291021251689392111
ROCE %15%22%17%13%21%17%11%24%24%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Promoters74.16%74.16%74.28%74.35%74.36%74.39%74.41%74.43%74.44%74.44%74.45%74.47%
FIIs0.03%0.03%0.05%0.10%0.10%0.13%0.28%0.10%0.35%0.10%0.08%0.03%
DIIs0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.09%0.08%0.07%
Public25.81%25.81%25.66%25.55%25.54%25.48%25.30%25.47%25.20%25.37%25.37%25.44%
No. of Shareholders2,0542,9483,8246,4116,5517,36811,67115,88922,29535,36337,16036,635

Shareholding Pattern Chart

No. of Shareholders

This stock is not held by any mutual fund

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)17.1614.0914.044.478.32
Diluted EPS (Rs.)17.1614.0914.044.478.32
Cash EPS (Rs.)21.3617.6817.698.2712.30
Book Value[Excl.RevalReserv]/Share (Rs.)97.1980.6067.0653.2349.69
Book Value[Incl.RevalReserv]/Share (Rs.)97.1980.6067.0653.2349.69
Dividend / Share (Rs.)0.500.500.500.250.25
Revenue From Operations / Share (Rs.)348.87303.73256.00155.66194.69
PBDIT / Share (Rs.)36.6929.9328.4215.2821.82
PBIT / Share (Rs.)32.4826.3424.7611.4817.84
PBT / Share (Rs.)23.0618.9718.856.0810.88
Net Profit / Share (Rs.)17.1614.0914.044.478.32
PBDIT Margin (%)10.519.8511.109.8111.20
PBIT Margin (%)9.318.679.677.379.16
PBT Margin (%)6.616.247.363.905.58
Net Profit Margin (%)4.914.635.482.874.27
Return on Networth / Equity (%)17.6517.4720.938.4016.75
Return on Capital Employeed (%)32.2630.4231.4116.8224.75
Return On Assets (%)7.577.688.823.316.08
Long Term Debt / Equity (X)0.020.060.160.260.43
Total Debt / Equity (X)0.550.460.510.921.07
Asset Turnover Ratio (%)1.701.771.741.151.45
Current Ratio (X)1.541.611.661.641.71
Quick Ratio (X)1.081.191.131.071.34
Inventory Turnover Ratio (X)5.986.005.404.086.42
Dividend Payout Ratio (NP) (%)2.913.541.785.593.62
Dividend Payout Ratio (CP) (%)2.342.821.413.022.45
Earning Retention Ratio (%)97.0996.4698.2294.4196.38
Cash Earning Retention Ratio (%)97.6697.1898.5996.9897.55
Interest Coverage Ratio (X)3.894.064.812.833.13
Interest Coverage Ratio (Post Tax) (X)2.822.913.381.832.20
Enterprise Value (Cr.)905.95418.89320.12138.15138.43
EV / Net Operating Revenue (X)1.180.620.560.400.32
EV / EBITDA (X)11.226.365.124.112.88
MarketCap / Net Operating Revenue (X)1.060.550.470.150.09
Retention Ratios (%)97.0896.4598.2194.4096.37
Price / BV (X)3.822.081.830.440.38
Price / Net Operating Revenue (X)1.060.550.470.150.09
EarningsYield0.040.080.110.180.43

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value: 636.52

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.

Undervalued: 9.93% compared to the current price 579

Intrinsic Value: 736.40

Calculation basis:

  • Fair 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 fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Undervalued: 27.18% compared to the current price 579

Last 5 Year EPS CAGR: 15.69%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The company has shown consistent growth in sales (395.33 cr) and profit (20.17 cr) over the years.
  1. The stock has a low average ROCE of 13.67%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 101.83, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 104.92, which may not be favorable.
  4. The company has higher borrowings (90.00) compared to reserves (70.17), which may suggest financial risk.

Stock Analysis

  • 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 Dynamic Cables Ltd:
    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: 19.05%)
      • 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: 14.46%)
      • 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: 33.9 (Industry average Stock P/E: 102.03)
      • 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.
INDUSTRYADDRESSCONTACT
Cables - Power/OthersF-260, Road No 13, Jaipur Rajasthan 302013investor.relations@dynamiccables.co.in
http://www.dynamiccables.co.in
Management
NamePosition Held
Mr. Rahul MangalChairman & Non-Exe.Director
Mr. Ashish MangalManaging Director
Mr. Sumer Singh PuniaNon Executive Director
Mr. Saurav GuptaIndependent Director
Mr. Ashok Kumar BhargavaIndependent Director
Mrs. Shweta JainIndependent Director
Mr. Bharat MoossaddeeIndependent Director

FAQ

What is the latest fair value of Dynamic Cables Ltd?

The latest fair value of Dynamic Cables Ltd is ₹636.52.

What is the Market Cap of Dynamic Cables Ltd?

The Market Cap of Dynamic Cables Ltd is 1,277 Cr..

What is the current Stock Price of Dynamic Cables Ltd as on 25 July 2024?

The current stock price of Dynamic Cables Ltd as on 25 July 2024 is 579.

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

In FY 2024, the High / Low of Dynamic Cables Ltd stocks is 680/337.

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

The Stock P/E of Dynamic Cables Ltd is 33.9.

What is the Book Value of Dynamic Cables Ltd?

The Book Value of Dynamic Cables Ltd is 97.2.

What is the Dividend Yield of Dynamic Cables Ltd?

The Dividend Yield of Dynamic Cables Ltd is 0.09 %.

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.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Dynamic Cables Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE