Connecting India, One Line at a Time
This niche player in power cables is gaining momentum with government orders, utility projects, and steady exports — all while maintaining tight cost controls and balance sheet strength.
🧩 1. Company Overview – “From Local Wires to Global Currents”
If you stepped into a power utility control room back in 1995 and peeked behind the panels, chances are the cables humming quietly beneath weren't from a household brand. But they might have come from a modest firm in Jaipur—then called Dynamic Engineers.
Back then, they manufactured basic low-voltage overhead conductors. Nothing glamorous. No IPO dreams. Just a vision and a machine shop.
But fast forward to 2025, and what was once a small player in wires and conductors is now a ₹1,000+ crore revenue generator with exports to 42+ countries, servicing metros, railways, EVs, solar farms, and massive infra projects.
Dynamic Cables Ltd. (DCL) today is much more than a cable manufacturer—it's a quietly scaling infrastructure enabler with ambitions now stretching to the US and Australia. It proudly carries ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018 certifications, and is recognized as a Two-Star Export House by the Indian Government.
🌐 Global Mindset, Local Execution
DCL is already exporting to over 42 countries—across Africa, Southeast Asia, Middle East, and Latin America. But the real excitement is about UL-certified cables(Underwriters Laboratories) targeting North America, where they’ve:
Received 1 UL approval, 2 more in pipeline.
Built a US-based sales team.
De-risked via DDP (Duty Delivered Paid) pricing.
They’re not rushing. But make no mistake—entry into the US market is a calculated move, backed by product quality, certification, and pricing intelligence.
PRODUCT PORTFOLIO
🏭 2. Manufacturing Overview – “Three Plants, One Purpose: Precision”
Walk into any of Dynamic Cables’ units—two in Jaipur, one in Reengus—and you’ll sense it instantly: this isn’t just a cable company, it’s a precision-driven powerhouse.
From a humble one-shed start, Dynamic now manufactures everything from LV, MV (up to 66kV), and HV cables to niche products like railway signaling, solar cables, and aerial bunched lines. But here’s the kicker—they scaled their capacity to ₹1,200 crore in FY25 without building a single new plant, thanks to smart debottlenecking. And the next leap is coming: a ₹35 crore greenfield facility focused on high-margin and export-grade cables is set to go live in H2 FY26, taking total capacity to ₹1,400–₹1,500 crore.
What sets Dynamic apart isn’t just growth—it’s how they grow. Every product batch goes through intense testing. They’re certified by top labs (CPRI, ERDA, NABL), and meet CE and global standards. Quality isn’t a buzzword here—it’s the default.
Innovation is quietly baked in. They’re pushing solar-ready cables, AL-59 conductors, and E-beam compliant lines, all aimed at the future of infrastructure. And they’re doing it sustainably—with a solar-powered HQ, e-forklifts, and water recycling in place.
Dynamic Cables doesn’t shout. It builds. Smartly, sustainably, and with a clear eye on global relevance.
FINANCIALS
FUTURE OUTLOOK
Sustained Growth Trajectory-: Dynamic Cables is aiming to maintain over 20% annual growth, driven by strong demand, better capacity utilization, and entry into new product and geographic markets.
Revenue Capacity Expansion-: After internal debottlenecking, the company’s current infrastructure can support up to ₹1,200 Cr in annual revenue. A new ₹35 Cr plant coming by H2 FY26 will push this to ₹1,500 Cr by FY27.
Global Market Penetration-: The company is entering the US market—a high-value export destination. It has already secured one UL certification and is working on two more, which are required for US-based sales. They’ve also hired a dedicated US team to build a local presence.
Focus on Value-Added Cables-: Dynamic is moving beyond commodity products into more specialized, higher-margin segments like solar power cables and AL-59 conductors, helping improve profitability and reduce pricing pressure.
Export Growth Strategy-: By focusing on the US and Australia with certification-ready and tariff-adjusted pricing (using the DDP model), Dynamic is building a long-term export engine. Export contribution is expected to scale meaningfully from FY27.
KEY BUSINESS RISKS AND STRENGTHS
If you an investor who keeps looking for such analysis on small & mid cap stocks, you can join our Emerging Titans model portfolio where we share detailed reports on such ideas.
We are SEBI registered Research Analyst (with Registration No. INH000019789)
Disclosure
This article is for educational purposes only and does not constitute investment advice. Readers should consult a SEBI-registered advisor before making investment decisions.
Standard warning
"Investment in securities market are subject to market risks. Read all the related documents carefully before investing.“
Disclaimers
"Registration granted by SEBI, enlistment with RAASB and certification from NISM in no way guarantee performance of the Research Analyst or provide any assurance of returns to investors."