View: current position: Hold. SL should be 150 to trade. Above 180 can show good momentum.
Dynamic Cables Ltd. is a manufacturer of power infra cables that includes LT, HT, EHVC, Power control & instrumentation cables, flexible & industrial cables, solar cables and railway signaling cables.
The Co. is focusing on exploring new segments such as electric vehicles, exports, railway electrification, import-substitution, etc.
Strong client tele: clientele base that includes domestic clients such as Delhi Metro, BHEL, OPTCL, BSES, Tata Power, Godrej, L&T, Hitachi Energy, Adani, etc.
Fundamentally sound.
- Reducing debt
- ROE and ROCE 23% and 24% respectively.
- PE: 13 which is fair as per Industry benchmark.
- Promoter holding is increasing trend and it's above 74%.
Cons:
- Sales growth is negligible on last 3 years.
- OPM is only 8-9% which is low as per Industry trend.
