About Dynamic Cables Limited

Dynamic Cables Limited is a manufacturer and supplier of power cables and conductors used across low, medium and high voltage applications. Its product range includes power control, instrumentation, flexible and industrial cables, solar cables and railway signalling cables, serving key sectors such as power generation, transmission and distribution, railways, airports and diverse industrial users.

The Company commenced commercial operations on April 3, 2007, marking its entry into India’s power infrastructure value chain. Today, Dynamic Cables sells its products across India and to multiple countries worldwide, reflecting an expanding global footprint and growing acceptance of its quality-certified solutions.

The Company has no subsidiaries, operating through a streamlined corporate structure that supports efficient manufacturing and market execution. Its facilities are certified under ISO 9001:2015, ISO 14001:2015 and ISO 45001:2018, while products carry CE certifications. Type tests are validated by NABL-accredited laboratories including CPRI, ERDA and TAG Corporation, reflecting comprehensive quality and compliance systems across sourcing, production and after-sales processes.

A key milestone in FY 2024–25 was a landmark improvement in operating performance—operating profit crossed Rs 100 crore for the first time, supported by a healthy 10.3% operating margin and an upgraded credit rating to CRISIL A/Stable and CRISIL A1 for short-term facilities. The strengthened balance sheet further reinforced the Company’s financial position.

Dynamic Cables Limited Key Milestones

Milestones include:

• Commencement of commercial operations on April 3, 2007.
• Rapid expansion across domestic and international markets.
• Certification under ISO 9001, ISO 14001 and ISO 45001, and CE product certifications.
• Validation of products through NABL-accredited laboratories (CPRI, ERDA, TAG).
• Operating profit surpassing Rs 100 crore for the first time in FY 2024–25.
• Upgraded credit rating to CRISIL A/Stable and CRISIL A1.

Dynamic Cables Limited Business Segments

Customer Mix (FY 2024–25):

• Private sector: 73%
• Government: 18%
• Exports: 9%

Dynamic Cables Limited Key Management

• Rahul Mangal – Chairman
• Ashish Mangal – Managing Director
• Murari Lal Poddar – Chief Financial Officer
• Naina Gupta – Company Secretary

Latest Updates on Dynamic Cables Limited

Operating performance:
The Company recorded a 10.3% operating margin in FY 2024–25 and a 72% increase in net profit, driven by disciplined execution, product-mix optimisation and better asset utilisation.

Order book:
As on year-end FY 2024–25, the Company reported an order book of Rs 726 crore, providing healthy revenue visibility for the coming quarters.

Credit ratings:

• On April 10, 2025, CRISIL upgraded Dynamic Cables to CRISIL A/Stable (long-term) and CRISIL A1 (short-term).
• India Ratings & Research reaffirmed IND A-/Stable and IND A1 on August 28, 2024.

Customer mix:
The share from private sector clients increased to 73%, government clients accounted for 18%, and exports contributed 9%, indicating broader domestic penetration and export momentum.

Strategic focus:
The Company continued shifting its product portfolio toward margin-accretive, high-voltage and specialty cables, and expanded into renewable energy cables. The share of low-margin conductors reduced over time, declining to 7.40% in FY 2024–25.

Capital actions:
Following shareholder approval at the Extra-Ordinary General Meeting on June 12, 2024, the Company increased its authorised share capital, supporting future expansion plans and strategic growth initiatives.