Dynamic Cables share price today

Dynamic Cables Ltd's share price was ₹371.80 at the close on 6 November 2026. It has been rising for 15 weeks. That is 3.7% below its average price over the last 200 trading days. In the last 52 weeks it traded between ₹252 and ₹488, and at that close it sat 51% of the way up from that low.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today Dynamic Cables Ltd is in stage 2. The phase helps read everything below.

Over the past 13 weeks it has done worse than the NIFTY 500, and it has been behind for 3 weeks running.

Over the last 8.9 years the share price moved +1,191% while the NIFTY 500 moved +134%, so it is ahead of the index over that whole period. It was last ahead over 13 weeks in the week of 16 October 2026. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

Two changes stood out: revenue up on a year earlier for 12 quarters in a row (every quarter we can compare) and highest quarterly revenue in 16 quarters.

1. Revenue up on a year earlier for 12 quarters in a row (every quarter we can compare)

   In the September 2026 quarter revenue was ₹363 crore, +28.7% on a year earlier.

   Why: Revenue rose mostly because prices were higher. Sales volume grew about 6%, and price made up the rest.

   Next results: check the new plant's first contribution in the coming half.

   From the earnings call on 27 Oct 2026.

2. Highest quarterly revenue in 16 quarters

   Revenue of ₹363 crore in the September 2026 quarter is the highest of the last 16 quarters.

   Why: The quarter was the highest because prices were higher. Sales volume grew about 6%, and price made up the rest.

   From the earnings call on 27 Oct 2026.

For July to September 2026 (the quarter ended 30 September 2026), Dynamic Cables reported revenue of ₹363 crore, up 28.7% from ₹282 crore a year earlier, and a profit of ₹22.0 crore, up 10.0% from ₹20.0 crore.

Dynamic Cables results: July to September 2026 against a year earlier

The next results, for October to December 2026, are due by 14 February 2027: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter).

Dynamic Cables' management discussed these results on a call held on 27 October 2026; what it said is further down this page.

From the company's reported quarterly results (quarter ended 30 September 2026). Revenue and profit in ₹ crore.

Dynamic Cables closed at ₹371.80 on 6 November 2026, up 1.5% from ₹366.25 a year earlier (7 November 2025) and up 991.9% over five years. Its highest weekly close since December 2017 was ₹520.10 on 3 January 2025.

Dynamic Cables share price: then and now

Weekly closing prices, adjusted for splits and bonuses so every price is on today’s share count. Each change is the move from that price to the 6 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes.

466 weekly closes from 15 December 2017 to 6 November 2026.

6 Nov 2026: Dynamic Cables closed at ₹371.80, up 17.0% on the week and down 11.6% on the month. 27 Oct 2026: Dynamic Cables held its results call for July to September 2026. Management guided: Long-term value growth around 20% yearly growth.

Earlier

• Results for July to September 2026: Revenue up 28.7% and profit up 10.0% on a year earlier.
• 10 Jul 2026: ex-date for a dividend of ₹0.50 a share.
• 11 Jul 2025: Bonus issue: 1 new share for every 1 held (ex-date).

Dynamic Cables paid ₹0.50 a share in regular dividends in the 12 months to 7 November 2026 (1 payment), a yield of 0.13% at the ₹371.80 close on 6 November 2026. The last was a dividend of ₹0.50 a share, ex-date 10 July 2026.

Dynamic Cables dividends since 1 April 2021

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date. The record date is the same day as the ex-date for every payment here.

Yes. Dynamic Cables Ltd paid out 3% of its profit as dividends in FY26, and it paid a dividend in 9 of its last 13 reported years.

From the NSE corporate-actions record, read 7 November 2026.

On the call for July to September 2026, held on 27 October 2026, Dynamic Cables' management guided: Long-term value growth around 20% yearly growth.

“Just to clarify, as a matter of fact and as a matter of corporate discipline, it should not increase to more than 15% of EBITDA. That is the philosophy of managing the finance cost.”Ashish Mangal, on the call for July to September 2026

What management guided

• Operating margin 10-11% maintainable.
• Finance cost below 15% of operating profit with current half well within limit.
• New-plant revenue potential ₹240 crore to ₹250 crore on ₹40 crore to ₹45 crore block at 6-7x turn.
• New-plant ramp to optimum over next 3-4 quarters.

Management’s own plans and goals, from our notes of the call. A plan is not a result.

Source: the call transcript.

From the call for July to September 2026, 27 October 2026.

Order Book at June 30, 2026 Stood at ₹811 Cr.

✓ fact

Our read after the latest results, written 22 August 2026.

A failure of the greenfield plant to commence commercial dispatches by October to December 2026 accompanied by quarterly volume growth remaining below 5%, or operating margins dropping below 9.5% indicating loss of pricing power.

Each change stops working if

• : Trial production faces further equipment delivery delays or utilization fails to ramp above 60% by FY28.
• : Solar park capital spending decelerates or competitive pricing pressure erodes DC cable realization.
• : US import tariffs are reinstated above 30% or distributor reorders fail to materialize after trial batches.
• : Working capital cycle elongates beyond 110 days requiring fresh debt for inventory financing.

The main risks

• : Further delays beyond September 2026 would constrain volume growth given current 85% plant utilization. ⚠ estimate
• : Elevated aluminum and PVC prices cause EPC customers to defer long-term contract bookings. ⚠ estimate
• : Cash conversion cycle expanded to 93 days in FY26 as payable days contracted from 96 to 60 days. ⚠ estimate
• : Industry-wide capital spending across the power cable sector could create localized pricing pressure in standard HT cables. ⚠ estimate

Our read after the latest results, written 22 August 2026.

When Dynamic Cables reports October to December 2026, these are the 3 checks that show whether the story is still on course. First: New-plant production commencement and initial contribution in coming half - per flagged start and ramp path.

Dynamic Cables is on one of our India lists: Power & green energy stocks.

Dynamic Cables Ltd earned ₹22.0 Cr of net profit in the Sep 2026 quarter, +10.0% on the same quarter a year earlier. That is the 2nd quarter in a row of profit growth. Full-year FY26 profit was ₹84.0 Cr. Over 10 years profit has grown 28.2% a year on average. That is 6.1% of the quarter's revenue.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

The same quarter a year earlier earned ₹20.0 Cr.

For the full year, FY26 profit was ₹84.0 Cr (+29.2% on the year before).

Why profit moved: revenue changed +28.7% on a year earlier and the margin moved −1.0 percentage points. Sales did the work, and the margin was about flat.

On average over the last four quarters, profit changed +21.6% and revenue +22.0%. Profit and revenue are moving at about the same pace.

FY27-Q1. revenue ₹349 Cr and profit ₹25 Cr as reported.

FY27-Q2. revenue ₹363 Cr and profit ₹22 Cr as reported.

Why-sources: our stock research file (22 August 2026) and the company’s own results for those quarters.

Dynamic Cables Ltd reported ₹363 Cr of revenue in the Sep 2026 quarter, +28.7% on the same quarter a year earlier. That is the 12th quarter in a row with growth on the year before. Over 10 years it has grown 16.2% a year on average. The last full year, FY26, came in at ₹1,198 Cr.

Revenue is everything the company billed its customers in the period.

The last four reported quarters add to ₹1,366 Cr.

FY26 revenue was ₹1,198 Cr, +16.9% on the year before.

Recent pace: the last four quarters grew +22.0% on average, against 16.2% a year over the longer run, so this year is growing faster than its own long-run rate.

Is growth speeding up? Revenue over the last 12 months grew +21.2%, against +24.9% a year over the last 8 quarters (rolling over); profit over the last 12 months grew +19.2%, against +39.2% a year (rolling over).

FY27-Q1. revenue ₹349 Cr and profit ₹25 Cr as reported.

FY27-Q2. revenue ₹363 Cr and profit ₹22 Cr as reported.

Why-sources: our stock research file (22 August 2026) and the company’s own results for those quarters.

Dynamic Cables Ltd's operating margin was 10.0% in the Sep 2026 quarter, 1.0 percentage points lower than the same quarter a year ago. Its latest full-year margin is the highest it has ever reported. Across 13 years it has been between 3.6% and 11.0%. The latest quarter is within that range.

Operating margin is what is left from every ₹100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.

Why this happened. The company has discontinued low-margin railway signaling cables (previously 4% of revenue) and compressed low-voltage conductors (<5% of revenue). Machine capacity has been reallocated to solar renewable cables (expanding from 10% in FY25 to 20% in Q1 FY27) and high-voltage power distribution cables (68% of sales). Solar cable industry demand is projected to grow at 25-30% over the next 3-4 years, supporting durable 10.8-11.0% operating margins.

Why the margin moved: operating margin changed −0.9 percentage points on the year while gross margin changed −4.0 points. So the drop came mostly from the gross margin, which means input costs and prices charged.

When margins are at a record, every ratio built on profit looks better than usual, so watch whether they hold.

FY27-Q1. revenue ₹349 Cr and profit ₹25 Cr as reported.

FY27-Q2. revenue ₹363 Cr and profit ₹22 Cr as reported.

Why-sources: our stock research file (22 August 2026) and the company’s own results for those quarters.

Over the last 3 years, 64% of Dynamic Cables Ltd's reported profit came in as cash from its operations, so most of the profit is real cash. In FY26 it brought in ₹62.0 Cr of operating cash against ₹84.0 Cr of profit. After ₹58.0 Cr of spending on assets, ₹4.0 Cr was left over as free cash.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

Why 64% of profit came in as cash: the cash cycle got 86 days shorter between FY21 and FY26, so cash that used to wait in the business now arrives sooner. When less than 70% of profit comes in as cash, it is the thing to watch on this page.

What to look at next: the bigger use of cash is spending on new assets, at 3.2× depreciation over three years. The next section checks what that spending is building.

Dynamic Cables Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 93 days in FY26, down from 179 days in FY21. It spent ₹103 Cr on assets over the last 3 years. Customers take 88 days to pay, and stock sits for 65 days on average.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

Why this happened. Dynamic Cables is executing a ₹45 Cr greenfield capex that introduces an electron-beam curing facility. Operating at historical asset turnover levels of 6.0-7.0x, this installation will expand peak annual revenue capacity by ₹270-315 Cr. With existing facilities currently operating at ~85% utilization, the new plant provides the physical capacity required to sustain the management framework of 18-20% medium-term growth. Commercial contribution begins in Q4 FY27 and reaches 80-85% optimal utilization within 12-18 months.

At FY26 sales of ₹1,198 Cr, each day of that cycle ties up about ₹3.3 Cr, so roughly ₹305 Cr is tied up in the business at any time.

FY26: customers took 88 days to pay and stock sat for 65 days, about 2.1 months of sales sitting as stock, for a full cycle of 93 days, shorter than FY21's 179.

The full loop: cash goes out to suppliers and production on day 0. Stock sits for 65 days. Customers pay about 88 days after that. Suppliers are paid at 60 days. Together that makes the 93-day cycle.

Spending on assets: ₹103 Cr over the last 3 years, against ₹32.0 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹33.0 Cr (FY26): assets paid for that are not earning yet.

In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns.

Dynamic Cables Ltd's P/E is 19.3×, in the middle of its own history: higher than 65% of past readings. Its usual P/E (the middle reading) is 13.3×, over 8.9 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth.

P/E is the share price divided by a year's profit per share: how many rupees the market pays for each rupee of yearly profit.

Why the multiple is where it is: over the past year earnings per share moved +30.5% while the price moved +1.5%. Earnings did better than the price, which pulled the multiple down within its own range.

Where the price move came from: over 5 years the price moved +61.3% a year; about +54.2% a year came from earnings growth and about +7.1 percentage points from the multiple (the market paying more). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple.

In short: the multiple is high against its own past, so the earnings trend underneath matters more than the multiple.

Worked out from its price on 26 August 2026, Dynamic Cables Ltd's share price assumed profit growth of about 13.9% a year. Over the past 10 years its profit actually grew 28.2% a year. Today its P/E is 19.3×, higher than 65% of its own last 8.9 years.

This works the share price backwards. It asks one question: what yearly profit growth does the price already assume? The answer is the growth rate at which eleven years of profit (six years of growth, then five years of slowing) add up to that day's market value, after each year is discounted at 11%.

This is a one-day reading, taken on 26 August 2026. Every other number on this page, the multiple included, uses the latest price as of 6 November 2026. A higher price assumes more growth and a lower price less, so it changes whenever the price changes, and this page does not update it between measurements.

Dynamic Cables Ltd's business is giving mixed signals. Growth is slowing from a very fast pace: profit growth has eased from +73.7% at its peak to +19.2%, but the business is still expanding, with ROCE steady at 29.6%. This is based on 12 quarters of 4 measures.

Every business is somewhere on a path of getting better or worse, and this section names where. The last 12 quarters of growth in revenue, profit and earnings per share, plus the return the business earns on its capital, are read as lines. Getting worse: the lines are falling. Turning around: a low point has just formed and the last few quarters are rising from it. Getting better: the rise from the low has lasted. Growing steadily: steady growth with healthy returns. Slowing from a peak: still high, but slowing. When the lines disagree the result is mixed; too little history means no reading. CAGR (compound annual growth rate) is the steady yearly rate that would turn the starting value into the latest one. It is the fairest way to compare growth over different periods. If the 1-year figure is much bigger than the 10-year one, recent growth is running faster than the long-run trend. A dash means there is no figure for that period, or the starting year was a loss, where a growth rate means nothing.