Dynamic Cables Limited (DYCL.NS) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

-51.9%

₹160.00

vs ₹332.55 price

Levered DCF

₹455.34

After debt service

Piotroski score

3 / 9

Weak

Altman Z-score

7.09

Safe zone

Rating

Overall 4 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	13.83×	20.82×	22.53×	11.78×	9.73×	30.49×	8.25×	7.09×
P/B	2.55×	1.81×	1.99×	1.03×	1.02×	1.28×	1.37×	1.64×
P/S	0.97×	0.66×	0.55×	0.27×	0.27×	0.44×	0.35×	0.29×
EV / EBITDA	9.13×	6.66×	7.09×	4.23×	3.79×	7.97×	5.97×	5.26×
Gross margin	14.7%	18.8%	13.9%	17.1%	17.6%	16.8%	19.7%	16.4%
Operating margin	9.8%	15.0%	8.9%	8.3%	9.3%	5.2%	9.1%	7.8%
Net margin	7.0%	6.3%	4.9%	4.6%	5.5%	2.9%	4.3%	4.0%
Current ratio	2.52×	2.37×	1.54×	1.61×	1.66×	1.64×	1.71×	1.51×
Debt / equity	0.09×	0.16×	0.56×	0.46×	0.52×	1.01×	1.12×	1.45×
Interest coverage	10.26×	10.11×	3.28×	3.43×	4.03×	1.5×	2.52×	3.2×
Dividend yield	0.1%	0.2%	0.3%	0.6%	0.4%	0.4%	0.4%	0.4%
Payout ratio	1.4%	1.7%	2.9%	3.5%	1.8%	5.6%	3.6%	3.1%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	18.5%	17.3%	17.7%	17.5%	20.9%	8.4%	16.7%	23.1%
Return on invested capital	17.5%	26.8%	15.1%	15.8%	17.3%	5.5%	12.7%	11.7%
Return on assets	12.4%	11.0%	7.6%	7.7%	8.8%	3.3%	6.1%	7.3%
Free cash flow yield	-0.3%	4.7%	-4.7%	7.7%	38.5%	12.7%	20.1%	5.1%
Earnings yield	7.2%	9.6%	8.9%	17.0%	20.6%	6.5%	12.1%	14.1%
Enterprise value	₹11.8B	₹7B	₹5.4B	₹2.7B	₹2.3B	₹2.7B	₹2.7B	₹2.8B
Net debt / EBITDA	0.11×	0.26×	1.55×	1.31×	1.28×	3.5×	2.67×	2.46×
Cash conversion cycle (days)	93	90	107	83	84	178	118	100