Multibagger BSE stock with 197% returns in a year gets listed on NSE

Dynamic Cables

Shares of Dynamic Cables NSE -4.98 % rallied over 3 percent during the early trade on Tuesday ahead of its debut on the National Stock Exchange (NSE), while the Jaipur-headquartered manufacturer of electrical cables informed BSE about the same in a regulatory filing, post-market hours on Monday, and Monday (July 25, 2022), the company received the approval from National Stock Exchange of India (NSE) for the listing of its equity shares on the platform, they said the filing. “The equity shares of the company shall be listed and admitted to the dealing on NSE with effect from Wednesday onwards, July 27,” the company’s filing added, and following the development, shares of Dynamic Cables rallied 3 percent to Rs 151.5 on Tuesday, with just shy of its 52-week high of Rs 154, and the price had settled at Rs 147.25 in the previous trader after rising about 10 percent. The 2,20,14,000 equity shares listed on the NSE will have a face value of Rs 10 each and will be traded under the symbol ‘DYCL’, and these shares will not have any lock-in period. Ashish Mangal, Managing Director of Dynamic Cables, said, “We are all humbled by this opportunity given to us and are committed to being able to deliver greater value to the stakeholders by developing innovative solutions for the customers and investing in people and technology.” The wire and cables firm had listed on BSE SME Exchange through its IPO in December 2017 and migrated towards the main board on October 1, 2020, it manufactures power infra cables that include LT, HT, EHVC, power control and instrumentation cables, flexible & industrial cables, solar cables, and railway signaling cables. In the last year, shares of Dynamic Cables have delivered a return of more than 200 percent, whereas, since its main board debut, the return from the counter has been close to 400 percent, and it supplies cables to government discoms, private distribution companies, private EPC contractors, industrial and export clients, through its three manufacturing plants situated at Jaipur and Reengus (Rajasthan).

  • Market Cap- ₹ 340 Cr
  • Current Price- ₹ 154
  • High / Low- ₹ 174 / 47.2
  • Stock P/E- 11.0
  • Book Value- ₹ 67.1
  • Dividend Yield- 0.33 %
  • ROCE- 23.7 %
  • ROE- 23.3 %
  • Face Value- ₹ 10.0

Company Profile

It was originally formed and registered as a partnership firm in the name and style of M/s. Ashish Fluxes and Chemicals under a deed of partnership entered between Late Mr. K.M. Mangal and Late Mr. Anil Mangal in 1984. Further M/s Ashish Fluxes and Chemicals with its branch M/s Dynamic Engineer was then converted from partnership firm to a Private Limited Company in the name of Dynamic Cables Private Limited on April 03 2007, and subsequently the company was converted into a public limited company and the name of the Company was changed from Dynamic Cables Private Limited to Dynamic Cables Limited on August 22 2017, while Mr. Rahul Mangal Mr. Ashish Mangal Mrs. Saroj Mangal Mrs. Meenakshi Mangal Mrs. Shalu Mangal Mr. Sameer Somani and Mr. Sanjay Somani partners of M/s Ashish Fluxes and Chemicals were the initial subscribers to the Memorandum of Association of the Company, and presently Mr. Rahul Mangal and Mr. Ashish Mangal are Promoters of the Company, while the Company is engaged in manufacturing of Cables and Conductors which widely include manufacturing of Low Voltage and High Voltage Power Cables Aerial Bunched Cables All Aluminium Conductor, All Aluminium Alloy Conductor, Aluminium conductor steel reinforced, Conductors and Service Drop Cables used for transmission and distribution of Electricity, and the Company is approved by the state owned electric utilities company POWERGRID, and the Company is also approved With BHEL Larson & Toubro Ltd TATA Projects Ltd North Western Railways Public Works Department Maharashtra along with all major state electricity boards in India, while the Products of the company are also widely being used amongst various Indian private clients which include: Gammon India Jaguar Overseas Mohan Energy L&T TATA Bajaj Voltas etc, it is set in the heart of Rajasthan, India, Dynamic Cables is inspired by the spirit of its organization and is strengthened by the philosophy of Product excellence, customer satisfaction and technological advancement, and for over 30 years we have catered to India’s & overseas energy & power sector, it is continuously expanding its footprints in all sectors like – industrial, exports, turnkey projects, power distribution companies, infrastructure works etc, it has its reach across India & many overseas countries, the brand enjoys a high recall value due to its trust inspiring quality, and the Success is based on clear focus on Product, Process, quality and performance, while modernization and compliance with the ever changing requirement in the industry are mandatory to operate, and keeping that in view the company has “Three” state of the art & modern manufacturing & testing facilities that is located in Rajasthan, and the products manufactured are CE Certified and are type tested from Internationally recognized Testing Labs Such as CPRI, ERDA & Tag Corporation,the manufacturing facilities at Jaipur are certified with ISO: 9001:2015 , ISO 45001:2018, & 14001: 2015 ICL certified, enabling them to be able to ensure optimum efficiency in the workflow with compliances towards health and safety, with a wide array of the product range at the disposal, and by continuing its investments and improving its production on a balanced basis, Dynamic Cables aims to provide employment opportunities and reach a high level of customer satisfaction and serve to the global economy at this way.

Recent Posts

Scan to Download
ios&Android APP

Open trading account and start trading!

Join our happy customers