Smallcap stock hits 3-month high, zooms 67% in May; to consider bonus issue

Business Standard

27-05-2025

Dynamic Cables share price today
Shares of Dynamic Cables hit a three-month high of ₹897.20 on the BSE in Tuesday's intraday trade, in an otherwise weak market after the company announced its plan to consider bonus share issue. The stock of this smallcap electrical cable company was trading at its highest level since February 2025. It had hit a 52-week high of ₹1,092.85 on December 16, 2024.
Thus far in the month of May, the market price of Dynamic Cables has zoomed 67 per cent. It has bounced back 95 per cent from its previous month low of ₹460.90 hit on April 7, 2025.
Dynamic Cables today informed the stock exchanges that the meeting of board of directors is scheduled to be held on Friday, May 30, 2025, the proposal of issuance of bonus equity shares to the shareholders of the company.
Clarification on Price Movement
On May 15, 2025, on clarification on significant movement in the price of security across exchange, Dynamic Cables said that the movement in the price of securities of the company is purely due to market conditions and absolutely market driven and the management of the company is in no way connected with any such movement in price of the securities of the company.
Dynamic Cables further said that the company has not withheld any material information or events which in our opinion would have an impact on the movement in the price of the securities of the company.
Dynamic Cables Q4 results 2025
During Q4FY25, Dynamic Cables' consolidated net profit after tax (PAT) zoomed 71 per cent year-on-year (Y-o-Y) to ₹23.56 crore from ₹13.77 crore reported in the corresponding quarter of the previous year. The company's revenue from operations climbed 37.5 per cent Y-o-Y to ₹331.2 crore in Q4FY25 from ₹240.9 crore reported in Q4FY24. Earnings before interest, taxes, depreciation and amortisation (Ebitda) margin stood at 10.3 per cent in Q4FY25, as against 10.2 per cent in Q3FY25 and 10.6 per cent in Q4FY24.
The company's order book stands at ₹725.6 crore as on March 31, 2025. The order book remains healthy, driven by power utilities/EPC, renewable, and export segments.
With additional manufacturing capacity scheduled to be commissioned, the management said the company is well-prepared to meet the accelerating demand from both public and private sector investments in power infrastructure and renewable energy sector. Dynamic Cables is well positioned with a robust product portfolio, pan-India presence, international reach, and institutional approvals to capitalise on long-term sectoral growth and continue delivering sustainable value to our stakeholders, it said.
The company's market position is supported by diversified clientele and product mix. Increasing revenue share from newly developed products also supports the business risk profile.
Dynamic Cables has lowered its reliance on direct government entities for work to 20-25 per cent of its turnover from 50-55 per cent around five years ago. The company has a fairly diversified presence in the domestic market.
Furthermore, the management is focusing on diversification of the product portfolio and has added data centre cables as well as solar cables with advanced technology to its portfolio which is expected to aid further growth and diversification, Crisil Ratings said in its rating rationale.
About Dynamic Cables
Dynamic Cables is a manufacturer of power infra cables that includes LV, HV, MV, Power control & instrumentation cables, and signaling cables. It supplies cables to Government Discoms, Private Distribution companies, Private EPC contractors, industrial and Export clients. The company has 3 manufacturing plants situated at Jaipur and Reengus. Business operations are managed through corporate office in Jaipur and 5 regional sales offices across India.