1,700 per cent returns and Rs 394 crore order book: This multibagger cable manufacturer company bags new order worth Rs 95.91 crore!

Shares of the company gained more than 170 per cent in the last six months.

Dynamic Cables Limited (DCL) has received a major order from Northern Railway for the supply of railway signalling cables worth Rs 95.91 crores. The delivery of the order is scheduled to be within six months. This order is a significant milestone for DCL in its railway signalling business segment and reaffirms its position as a trusted partner in providing power cables for critical railway infrastructure.

Dynamic Cables Limited has delivered multibagger returns to its shareholders in the last three years. During this period, the company’s share price jumped from Rs 26.50 on October 16, 2020, to Rs 485.35 on October 13, 2023, an increase of more than 1,700 % in a three-year holding period. 

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In the recent quarter, Q1FY24, the company reported a 58.71 per cent rise in its net profit at Rs 11.38 crore for the quarter ended June 30, 2023, as compared to Rs 7.17 crore for the same quarter in the previous year. The net sales of the company increased by 14.74 per cent at Rs 181.27 crore for Q1FY24 as compared to Rs 157.98 crore for the corresponding quarter previous year. As of Q1FY24, the company has an order book worth Rs 394 crore.

Dynamic Cables is engaged in the manufacturing of cables and conductors which widely include manufacturing of low voltage and high voltage power cables, aerial bunched cables, all aluminium conductors, all aluminium alloy conductors, aluminium conductor steel reinforced conductors and service drop cables used for transmission and distribution of electricity.

The stock has shown tremendous growth and investors should keep a close eye on this stock.
Disclaimer: The article is for informational purposes only and not investment advice.