Dynamic cables — Annual report 2024
3 min readJul 11, 2024
About the company:
- Manufacturer of power infra cables that includes LV,MV, HV, EHV, power control & instrumentation cables, flexible & industrial cables, solar cables and railway signaling cables.
- Products are widely used for projects in power generation, electricity transmission and distribution, airports, railways and residential projects.
- The Company supplies cables to government distribution companies (discoms), private discoms, private EPC contractors, and industrial and export clients. Company has been awarded Two Star Export House status by the Directorate General of Foreign Trade (DGFT).
- Dynamic Cables has 3 manufacturing plants situated at Jaipur and Reengus.
- Closing order book of 521 crore
- Company has also successfully completed our brownfield expansion at the Reengus plant during FY24. The increased capacity will enable us to capitalize on the growth opportunities available in the market.
Management details:
Promoters are experienced. And combined salaries drawn are 3.8 cr. Aditi Mangal designated as head of HR, draws salaries of 30 Lacs. The salaries drawn are roughly 10% of FY24 PAT of 38 cr
Business segments:
- The company majorly drives it revenue from high tension cables. They can manufacture upto 66KV , 11KV — 66KV is high tension , below 11KV is low tension.
- FY23 exports was only 3.2% compared to 12% in FY24.
- Revenue from government has stabilised at 22%-23% compared to 55% in FY18
- High growth rates in exports and railway sectors are expected to play pivotal roles in the Company’s future growth trajectory.
- Additionally, the Company intends to venture into the renewable cable markets, reflecting its forward-looking strategy
Other details:
- Co has raised funds by issuance of 22,15,319 shares at 426 rs.
- The company has done a capex of 26 cr for greenfield expansion
- 3.4 crs was spent on four wheeler purchases, out of which 1.8cr was spent on a BMW and 36 lacs on a mini cooper