Rs 594.40 Crore Order Book: Solar Cable Stock Rockets 17.4 Per Cent With Heavy Volume As Company Reports 172.11 Per Cent Jump In PAT

The stock gave multibagger returns of 270 per cent in just 2 years and over 1,600 per cent returns in 5 years.

Today, one of the Top Gainers on BSE, shares of Dynamic Cables Limited rocketed 17.4 per cent to an intraday high of Rs 667.60 per share from its previous closing of Rs 568.75. At the closing bell, shares of the company were trading at Rs 640.05 per share, up 12.54 per cent and saw a spurt in volume by more than 10.96 times on BSE.

Dynamic Cables Ltd (DCL) is the manufacturer of power infra cables that include LV, HV, MV, Power control & instrumentation cables and signalling 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 a corporate office in Jaipur and 5 regional sales offices across India.

According to Quarterly Results, the net sales increased by 52.5 per cent to Rs 234.15 crore and net profit increased by 172.1 per cent to Rs 13.85 crore in Q2FY25 compared to Q2FY24. In its half-yearly results, the net sales increased by 32.3 per cent to Rs 442.69 crore and net profit increased by 54.5 per cent to Rs 25.45 crore in H1FY25 compared to H1FY24. The company has an order book worth Rs 594.4 crore and the Board approved the launch of the new product i.e. Solar Power Cable.

The company has a market cap of over Rs 1,500 crore with a 5-year stock price CAGR of 80 per cent. The shares of the company have a PE of 33x, an ROE of 20 per cent and an ROCE of 24 per cent. The stock gave multibagger returns of 270 per cent in just 2 years and over 1,600 per cent returns in 5 years. Investors should keep an eye on this small-cap cable manufacturing stock under their watchlist.

Disclaimer: The article is for informational purposes only and not investment advice.