Dynamic Cables Limited (DYCL) fair value: what the stock is really worth
As of Nov 9, 2026: fair value (intrinsic value) of Dynamic Cables Limited stock ₹311, price ₹375, that is 17.0% below the price, quality 40 out of 100. Rating: overvalued. Calculated from audited financials with 16 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 6, 2026.
How to read this chart
51‑month range ₹67.81 – ₹544.30 · fair‑value band ₹233.27 – ₹388.78 · the ₹374.90 price screens above the ₹311.02 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 6, 2026.
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Dynamic Cables Limited manufactures and supplies cables and conductors in India and internationally.
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The company offers bare and insulated conductors; 66KV power cables; MV and LV aerial bunched, and power copper and aluminum cables; LV control and concentric cables; railway signaling cables; galvanized stay and earth wires; and instrumentation cables.
It serves government and private utility and distribution companies, EPC contractors, industrial sectors, solar projects, and railway systems. The company was formerly known as Dynamic Engineers. Dynamic Cables Limited was founded in 1986 and is based in Jaipur, India.
Stock analysis
Dynamic Cables Limited (DYCL) currently trades at ₹374.90, while our model-based Fair Value estimate is ₹311.02, 17% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of ₹440.56 per share, and 4 of the 16 models we run sit above the ₹374.90 price.
Bear case: the Asset-Based group reads lowest at ₹65.93, and 12 of the 16 models stay below the price. Data coverage for this calculation is medium.
Scenario range: ₹233.27 (bear) to ₹388.78 (bull), the price of ₹374.90 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 40/100 (below-average quality), in the Industrials sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Dynamic Cables Limited reported revenue of ₹12.0B in FY2026 versus ₹5.6B in FY2022, a compound +20.7%/yr. Reported net income was ₹844M in FY2026, compounding +28.6%/yr from FY2022.
Key figures
Market cap ₹18.2B (≈ $193M) Micro · P/E ratio 19.9 · P/S ratio 1.41 · EPS (TTM) ₹18.82 · Dividend yield 0.1% · Net margin 7.1% · Return on equity 20.3% · Return on assets (EBIT) 17.2% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 58 out of 100 (low confidence).
What moves the price
The share trades about 31% below its 52-week high and 56% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −13% fair-value upside, at −17%, DYCL screens richer than that median.
Fair Value models
Bear₹233.27Fair Value ₹311.02Bull₹388.78
Price ₹374.90 · Downside -17.0%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2026 figures (about 7 months old). Earnings retained since then (₹11.60 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Best data coverage
EPV₹124.80₹137.79₹148.1374
Residual Income₹88.80₹114.27₹180.9174
ROIC Compounder₹136.75₹170.48₹212.0972
All 16 models by family
Earnings-Based
Graham-Dodd₹118.49₹751.68₹1,05063
Lynch FV₹218.21₹311.73₹405.2561
PEG = 1.0₹218.21₹311.73₹405.2557
EPV₹124.80₹137.79₹148.1374
Dividend Discount
Gordon GGM₹1.59₹2.54₹3.1769
DDM Multi-Stage₹1.59₹2.47₹2.7467
Multiples
P/E Multiple₹274.44₹365.91₹457.3963
P/S Multiple₹222.16₹296.22₹370.2758
P/B Multiple₹318.31₹424.41₹530.5155
EV/EBIT₹306.85₹410.15₹513.4666
EV/EBITDA₹257.60₹344.49₹431.3867
EV/Revenue₹218.13₹312.92₹407.7253
Asset-Based
NCAV (Graham)₹43.51₹65.93₹82.4154
Economic Profit
Residual Income₹88.80₹114.27₹180.9174
ROIC Compounder₹136.75₹170.48₹212.0972
Growth Earnings
Growth-Adj P/E₹308.39₹440.56₹572.7367
The fair value above starts from this blend and is adjusted for dilution from new shares.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+16.8%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+21.5%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+28.5%
Start year 2021 (pandemic). Over 10 years: +16.2% a year
Revenue growth 13 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+15.9%
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What shareholders gained per year (last 5 years), in INR ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Measured in INR: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+16.1%
Earnings growth per share plus dividend.
Earnings per share, growth per year+16.0%
Dividend (yield on the price)0.1%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.16.0% vs 18.9%, steady
Profit margin 2021 to 2026 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.5% → 10%
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Electrical Equipment & Parts · 590 stocks
Beats the industry median on 10/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score40 · Bottom 25%
Fair Value upside−17.0% · Above median
Profitability
Return on equity (12 months)20.3% · Top 25%
Return on assets12.4% · Top 25%
Net margin (12 months)7.1% · Above median
Operating margin (12 months)10.1% · Above median
Growth and dividend
Revenue growth (quarter YoY)33.2% · Above median
Dividend yield (12 months)0.1% · Bottom 25%
Balance sheet
Debt / equity0.01× · Below median
Valuation Multiplesvs Electrical Equipment & Parts median · lower = cheaper
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Is Dynamic Cables Limited (DYCL) overvalued or undervalued?
As of Nov 6, 2026, our model estimates a fair value of ₹311.02 versus a price of ₹374.90, about 17% lower (overvalued).
What is the fair value of DYCL?
Our model-based fair value for Dynamic Cables Limited is ₹311.02 (as of Nov 6, 2026), built from audited fundamentals. The current price: ₹374.90.
What is the quality score of DYCL?
Dynamic Cables Limited has a Quality Score of 40/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Dynamic Cables Limited (DYCL)?
Our model-based price target is the fair value of ₹311.02 (as of Nov 6, 2026) from 16 valuation models. Cautious scenario ₹233.27, optimistic scenario ₹388.78. It is a calculation from audited fundamentals, not an analyst target.
What is the Dynamic Cables Limited stock forecast for 2026?
Our models put fair value at ₹311.02, about 17% lower versus a price of ₹374.90 (overvalued). Cautious scenario ₹233.27, optimistic scenario ₹388.78. The calculation is refreshed regularly with new filings.
What is the revenue of Dynamic Cables Limited (DYCL)?
Dynamic Cables Limited reported trailing-twelve-month revenue of about ₹12.8B (latest available figure, as of Nov 6, 2026).
Does Dynamic Cables Limited pay a dividend?
Dynamic Cables Limited currently shows a dividend yield of 0.07% relative to its recent price (as of Nov 6, 2026).
How much is the dividend of Dynamic Cables Limited (DYCL)?
Dynamic Cables Limited has a dividend yield of 0.1%.
What is the intrinsic value of Dynamic Cables Limited (DYCL)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Dynamic Cables Limited it is ₹311.02 per share (as of Nov 6, 2026), against a price of ₹374.90. It is the blended result of 16 valuation models in 6 families (Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings).
Is Dynamic Cables Limited stock overvalued or undervalued in 2026?
As of Nov 6, 2026, DYCL trades above its calculated fair value: price ₹374.90, fair value ₹311.02, a gap of about −17% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of DYCL?
No. The price is what the market pays today (₹374.90); the fair value is what the company's own numbers justify (₹311.02). For Dynamic Cables Limited the two are ₹63.88 per share apart. That gap is exactly why we show both numbers side by side.
How much is Dynamic Cables Limited worth?
The market values Dynamic Cables Limited at about ₹18.2B (market capitalisation, as of Nov 6, 2026). Per share that is ₹374.90; our models calculate a fair value of ₹311.02 per share.
What do the bullish and bearish scenarios say about DYCL?
Our models span a range for Dynamic Cables Limited: cautious scenario ₹233.27, base ₹311.02, optimistic ₹388.78 per share (as of Nov 6, 2026, price ₹374.90). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of DYCL?
Dynamic Cables Limited trades at a price-to-earnings ratio of 19.9 (as of Nov 6, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ₹311.02 is built from several models across several years. Other multiples: P/B 4.0, P/S 1.4, EV/EBITDA 12.8.
How solid is the balance sheet of Dynamic Cables Limited (DYCL)?
Balance-sheet figures for Dynamic Cables Limited (as of Nov 6, 2026): return on equity 20.3%, debt of 0.01 per unit of equity. They feed the Quality Score of 40/100, which measures business quality independently of the share price.
How far is DYCL from its 52-week high?
Dynamic Cables Limited trades at ₹374.90, about 31% below its 52-week high of ₹544.30 and 56% above the low of ₹240.57 (as of Nov 9, 2026). Distance from the high says nothing about value: that is what the fair value of ₹311.02 is for.
Which stocks are comparable to Dynamic Cables Limited?
From the same area (Industrials) we also value Contemporary Amperex Technology Co, ABB Ltd, Vertiv Holdings, Delta Electronics (Thailand) Public Company, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Dynamic Cables Limited stock attractive at the current price?
The data as of Nov 6, 2026: price ₹374.90, calculated fair value ₹311.02 (−17%), Quality Score 40/100, from 16 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of DYCL calculated?
We run Dynamic Cables Limited through 16 models from 6 families: Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of ₹311.02 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 15.1% above its aggregate fair value. Dynamic Cables Limited itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Dynamic Cables Limited (DYCL)?
The closing price on Nov 9, 2026 was ₹374.90. Our model-based fair value is ₹311.02, about 17% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Dynamic Cables Limited right now?
Weak quality (40/100) and above fair value at the same time, the margin of safety is missing on both counts. The price sits in the upper half of our model range, so the margin of safety is thin. Read the verdict with care: some models are missing inputs, so the estimate scatters more than usual.
Where does the earnings growth of Dynamic Cables Limited (DYCL) come from?
Earnings per share at Dynamic Cables Limited grew +25.3 % a year from 2015 to 2026. Broken into its drivers: revenue per share +10.9 %, EBIT margin +15.5 %, tax rate +1.2 %, residual (interest, one-offs) −3.4 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Dynamic Cables Limited
How large is the market capitalisation of Dynamic Cables Limited (DYCL)?
The market capitalisation of Dynamic Cables Limited is ₹18.2B (≈ $193M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Dynamic Cables Limited (DYCL)?
The price-to-sales ratio of Dynamic Cables Limited is 1.41 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Dynamic Cables Limited (DYCL)?
Earnings per share at Dynamic Cables Limited are ₹18.82 (price ÷ EPS = P/E 19.9). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Dynamic Cables Limited (DYCL)?
The dividend yield of Dynamic Cables Limited is 0.1% (payout 1.5%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Dynamic Cables Limited (DYCL)?
The net margin of Dynamic Cables Limited is 7.1% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Dynamic Cables Limited (DYCL)?
The return on equity (ROE) of Dynamic Cables Limited is 20.3% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Dynamic Cables Limited (DYCL)?
On an EBIT basis the return on assets of Dynamic Cables Limited is 17.2% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Dynamic Cables Limited (DYCL)?
The operating margin of Dynamic Cables Limited is 10.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Dynamic Cables Limited (DYCL)?
Revenue at Dynamic Cables Limited is growing +33.2% versus a year earlier (3y avg +21.5%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Dynamic Cables Limited (DYCL)?
Earnings per share at Dynamic Cables Limited are growing +37.0% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Dynamic Cables Limited (DYCL) generate?
The free cash flow of Dynamic Cables Limited is −₹30.5M (fiscal year 2026). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Dynamic Cables Limited (DYCL) carry?
The net debt of Dynamic Cables Limited is ₹149M (fiscal year 2026). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Some data
Nov 6, 2026