Dynamic Cables Ltd. Share Price

UltraTech’s Wires Entry Puts Pressure on cable stocks

UltraTech Cement’s entry into the wires and cables segment with its new Ultravolt brand has put pressure on established players. Shares of wires and cables companies came under pressure on Friday, September 4, after UltraTech Cement entered the segment with its new Ultravolt brand. Polycab India fell up to 6% to ₹8,250 on the NSE and was closed around ₹8,300, down nearly 5.76%. The decline came a day after UltraTech unveiled Ultravolt, nearly three months ahead of its previously indicated December 2026 rollout. The cement major has committed around ₹1,800 crore to the new business, raising concerns about intensified competition, pricing pressure and potential changes in market share across the industry. The selling pressure was not limited to Polycab.

Polycab India Slides 6% as UltraTech Enters Wires Business

Polycab India shares fell nearly 6% after UltraTech Cement launched its Ultravolt wires and cables brand, raising concerns over competition.

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Independence Day Pick: From Independence to Infrastructure — Dynamic Cables

India’s power expansion could create long-term wealth opportunities for investors. Dynamic Cables is positioned in this growing ecosystem. BUSINESS & GROWTH Dynamic Cables manufactures LV, MV and HV power cables, conductors, control & instrumentation cables and railway signalling products. Demand is linked to grid expansion, renewable-energy evacuation, industrial capex and railway infrastructure. FUNDAMENTALS FY26 revenue rose to ₹1,198 crore from ₹1,025 crore, while PAT increased to ₹84.4 crore from ₹64.8 crore. Q1 FY27 revenue grew 33.2% YoY to ₹349 crore and PAT increased 37% to ₹25 crore. EBITDA grew 41%, with margin improving to 10.9%. The stock trades at around 22–23x earnings, with ROE near 20% and ROCE around 26%. Market capitalisation is around ₹2,000 crore. The June 2026 order book stood at approximately ₹811 crore, providing healthy revenue visibility. GROWTH DRIVERS India’s rising electricity demand, T&D spending, renewable-energy additions and grid modernisation can support long-term cable demand. Dynamic Cables is also expanding into higher-value products and international markets. KEY RISKS Raw-material price volatility, working-capital requirements, competition and order execution remain key risks. Investors should track whether revenue growth converts into sustainable margins and cash flow. TECHNICAL & INVESTMENT VIEW The short-term trend remains positive, while the long-term structure is supportive. ₹430–415 is the key support zone, while ₹473–475 is the immediate resistance. A sustained breakout above ₹475 could strengthen the setup. With a relatively small market-cap base, strong earnings growth and exposure to India’s power-infrastructure cycle, the stock offers potential for significant market-cap expansion if earnings continue compounding over the next 3–5 years.

This Dynamic Cables (Weekly) chart is interesting because it sits at a decision point, not a confirmed breakout yet.