Cable Stock Surges 50% in a Month After Securing ₹726 Crore Order Book

A leading Indian manufacturer of power infrastructure cables has seen a sharp rise in investor interest following strong business developments. The company specializes in producing a wide range of cables, including low and high-tension power cables, control and instrumentation cables, flexible and industrial cables, solar cables, and railway signaling cables. Its products are supplied to government electricity boards, private power distribution companies, industrial clients, engineering contractors, and international customers.

The company in focus is Dynamic Cables Limited, whose share price has increased by more than 50 percent over the past month from ₹533 to ₹833. This rally follows the announcement of a robust order book totaling ₹726 crore, which provides strong revenue visibility for the coming quarters.

What Dynamic Cables Does?

Dynamic Cables specializes in the production of low tension, high tension, and extra high voltage power cables. It also manufactures control and instrumentation cables, flexible and industrial cables, solar cables, and railway signaling cables. These products are essential for distributing electricity from power generation points to end users in a safe and reliable manner.

The company caters to a diverse client base. Its customers include government electricity boards, private power distribution firms, industrial companies, and export clients. This wide market reach allows Dynamic Cables to maintain business stability and benefit from multiple ongoing growth trends, including urban infrastructure development, industrial expansion, and the growing focus on renewable energy.

FY25 Performance

The financial year ending March 2025 was a landmark year for the company. It crossed ₹1,000 crore in annual revenue for the first time, recording ₹1,001 crore in sales. This represented a 34 percent increase compared to the previous year. Operating profit reached ₹105 crore, while net profit grew by 72 percent to ₹65 crore. The operating margin held steady at 10.3 percent, reflecting consistent profitability.

Strong internal controls and financial discipline contributed to this performance. The company generated ₹56 crore in cash from operations, optimized working capital, and reduced debt. These efforts helped it secure a credit rating upgrade from CRISIL A- to CRISIL A, highlighting its improved financial position. Additionally, the company managed to reduce interest costs due to a better credit profile and an improved mix of clients, with private sector contributions rising to 73 percent of total sales.

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Order Book and Growth Outlook

Dynamic Cables finished the year with a robust order book worth ₹726 crore, giving it a strong start to FY26. This reflects continued confidence from its core clients and underlines the company’s role as a trusted supplier in the power cable segment. A significant portion of the order book—around ₹100 crore—came from the renewable energy sector, an area that is increasingly becoming a key growth driver for the company.

The order mix remains healthy, with about 70 percent coming from private power utilities, 15 percent from exports, and the remainder from government contracts. This diversification allows the company to manage risks while participating in multiple high-growth areas.

Looking ahead, the management expects long-term demand to remain strong. Government initiatives focused on electrification, smart grid development, and clean energy are expected to drive sustained growth for cable manufacturers. The company also aims to maintain a growth rate similar to its past five-year average of 20 percent CAGR.

Capacity Expansion Plans

To support future growth, Dynamic Cables is setting up a new greenfield manufacturing facility, expected to be operational in the second half of FY26. This plant is projected to add ₹200 to ₹250 crore in annual revenue capacity. Preparations for the plant are already in motion, including obtaining necessary approvals and conducting trial runs of new products.

The company is also proactively developing new cable types, including solar cables and specialty conductors. These initiatives are designed to ensure that the new facility ramps up quickly without the usual delays associated with product testing and certification.

Export Market Expansion

In addition to domestic growth, the company is making focused efforts to build a presence in global markets, particularly in the United States and Australia. It has received UL 44 product certification for the U.S. market and is working on obtaining further approvals. These certifications are crucial for long-term success in developed markets, where product standards are tightly regulated.

Exports currently contribute 9 percent of the company’s revenue, but management expects this to increase over the next two years. The company plans to launch its export strategy in a phased manner, with meaningful revenue expected from FY27 onwards.

With a solid track record of performance, expanding capacity, and a strong order pipeline, Dynamic Cables is well-positioned to benefit from continued investment in power infrastructure and renewable energy both in India and abroad.