Dynamic Cables Ltd

dynamic cables

Dynamic Cables is a manufacturer and suppliers of Cables & Conductors for private and government clients across India & abroad

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 (A.A.C.), All Aluminium Alloy Conductor (A.A.A.C.),Aluminium conductor steel reinforced (A.C.S.R.) Conductors and Service Drop Cables used for transmission and distribution of Electricity.

Company has three manufacturing facilities located in Jaipur, Rajasthan.

Company has latest machinery and equipments, In-house testing facilities and qualified engineers, which help them in maintaining quality standards as well as an efficient delivery record with appropriate after sales service.

Company is serving sectors like – Industrial, Exports, Turnkey projects, Power Distribution Companies, Infrastructure works etc. in India and abroad.

They are a “Government Recognized Export House” from the Ministry of Commerce & Industry, Government of India and are presently exporting directly and indirectly through merchant exporters to many Countries in the Asian subcontinent, Africa and Middle East.

Some of countries where they export their products are Kenya, Tanzania, TOGO, Nigeria, Benin, Uganda, Rwanda, NEPAL, Mauritius, Afghanistan, Jordan, Dubai etc

Company is approved by the state owned electric utilities company “POWERGRID”.They are also approved With BHEL, Larson & Toubro Ltd, TATA Projects Ltd, North Western Railways, Public Works Department, Maharashtra along with some of the major state electricity boards in India.

Company’s products are also widely being used amongst various Indian private clients which include: Gammon India, Jaguar Overseas,Mohan Energy, L&T, TATA, Bajaj, Voltas etc

Full List of Clients are as Follows:

  • BHEL
  • Power Grid Corporation
  • Maharashtra State Electricity Board.
  • Larson & Toubro Ltd
  • TATA Projects Ltd
  • North Western Railways
  • Gammon India
  • Jaguar Overseas
  • Mohan Energy
  • Bajaj Electricals
  • Voltas Limited
  • Ashoka Buildcon.


 Revenue Contribution Breakup:

Segment % of Total Turnover
Export Sales 13.59
Domestic Sales
Government Sector 41.72
Others 44.69
Total 100%


Management Team:

  1. Mr. Rahul Mangal (Designation: Chairman and Non Executive Director)
  2. Mr. Ashish Mangal (Designation: Managing Director)
  3. Mrs. Shalu Mangal (Designation: Whole Time Director)


Promoters Average Acquisition Cost:

Name of the Promoter No. of Shares held Average Acquisition Cost (in Rs.)
Mr. Rahul Mangal 52,95,000 6.67
Mr. Ashish Mangal 75,27,000 14.02


Promoters Stake Pre & Post Issue:

Shareholder Name Pre Issue Stake (%) Post Issue Stake
Mr. Rahul Mangal 32.75 24.05
Mr. Ashish Mangal 46.54 34.19
Promoter Group Entities             20.71          15.21
Total 100% 73.45%


Objectives of the Company:

  • To Meet Working Capital requirements.
  • To Meet General Corporate Expenses
  • To Meet Issue Expenses


Fund Utilization:

Particulars Amount (Rs. in Crores)
Working Capital requirements 21.38
General Corporate Expenses 1.25
Issue Expenses 0.74
Net Proceeds 23.37


Financials of the Company:

(in Crores) FY 13 FY 14 FY 15 FY 16 FY 17 30th June 17
Revenue  177.36  199.17 262.11  269.79  302.14  88.85
Net Profit  0.52  1.57  2.53  6.79  7.79  2.04


Valuation of Peer Group Companies:

Company Name Face Value EPS PE Ratio RoNW NAV
Dynamic Cables Limited 10 5.11 7.83 19.18% 38.30
Cords Cable Industries Ltd 10 3.76 35.86 4.09% 95.07
KEI Industries Ltd. 2 12.72 26.53 20.83% 60.42
Universal Cables Ltd. 10 8.18 21.45 13.22% 61.89


IPO Details:

Details Info
Issue Opens on 4th December 2017
Issue Closes on:. 6th December 2017
Issue Price Rs.40
Face Value Rs.10
Minimum Lot 3000
Minimum Investment Rs.1,20,000
Issue Constitutes 26.54%
Issue Size Rs.23.37 cr
Market Cap Rs.88.05 cr
Listing at NSE SME
Total Equity Shares Offered (Fresh) 58,44,000
Equity Shares Prior 1,61,70,000
Equity Shares after the issue 2,20,14,000


IPO Valuation Parameters:

Earnings Per Share (EPS) Price To Earnings ratio (PE) Return on Net Worth (RoNW) Net Asset Value (NAV)
5.11 7.83 19.18% 38.30


Markets Guruji Opinion:

IPO View Apply For: Expected listing Gain:
Subscribe Long Term 20%

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Company Contact Info:
Dynamic Cables Limited
F-260, Road No. 13 , VKI Area
Jaipur-302013, Rajasthan, India
Tel. No. +91 141-2332388
Fax No. +91 141-2330182
E-mail: info@dynamiccables.co.in
Website: www.dynamiccables.co.in


IPO Registrar Info:
Address:- 1st Floor, Bharat Tin Works Building,
Opp. Vasant Oasis Makwana Road,
Marol, Andheri East, Mumbai – 400059
Tel No.:+91-022-62638200
Fax No.: +91-022-62638299
Website: www.bigshareonline.com
Email: ipo@bigshareonline.com


Lead Manager to the Issue:
904, Naman Midtown- A-Wing,
Senapati Bapat Marg, Elphinstone Road,
Lower Parel, Mumbai-400013
Tel. No.: +91- 022- 4906 0000
Fax No.: +91- 022- 2262 5991
Website: www.hemsecurities.com