What Dynamic Cables does

Dynamic Cables Limited, founded in 1986 and headquartered in Jaipur, Rajasthan, is an Indian manufacturer of power and specialized cables listed on BSE (540795) and NSE (DYCL). The company operates three manufacturing facilities in Rajasthan, including a 200,000 sq ft integrated plant at Reengus, and produces low-voltage to 66kV power cables, aluminum conductors, signaling cables, UL-certified cables, solar cables, and fire-survival cables.

The company's go-to-market is anchored in institutional and project-based sales: it supplies directly to central utilities (Power Grid, NTPC), state electricity distribution companies, public-sector OEMs (BHEL), and large private EPC and developer customers including Tata Power, Adani, L&T, Bajaj Electricals, and Siemens, with exports to more than 50 countries. It also entered the building-wires retail/construction segment with the launch of PVC Insulated Green Building Wires in February 2026. The business model is predominantly B2B, tender-driven, and project-tied, with revenue recognition tied to dispatch against orders and a closing Q4 FY26 order book of Rs 808 crore providing roughly two-thirds of forward revenue visibility.

Revenue grew 16.82% year-over-year to Rs 1,197.82 crore in FY26, with net profit up 30.27% to Rs 84.44 crore, reflecting margin expansion alongside top-line growth. The promoter group, led by Chairman Rahul Mangal and Managing Director Ashish Mangal, holds 68.18% of the company, and Rs 96.58 crore was raised via a preferential allotment in 2024 to fund capacity expansion and working capital. The combination of regulatory certifications (RDSO, Power Grid empanelment, BIS, ISO, UL), an established export footprint, and a recent product diversification push positions the company as a mid-sized, multi-segment cable player with strong institutional credibility but limited presence in consumer or AI-enabled cable categories.

Name

Dynamic Cables

Legal name

Dynamic Cables Limited

Website

https://dynamiccables.co.in

Company type

Public

Founded year

1986

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Dynamic Cables Limited, founded in 1986 and listed in India (BSE: 540795, NSE: DYCL), manufactures LV-to-66kV power cables, conductors, and specialty cables from three Rajasthan plants, supplying state discoms, central utilities (Power Grid, NTPC, BHEL), and private EPCs (Tata Power, Adani, L&T, Siemens) across India and 50+ export markets.

Ownership category

akta.pro rank

Product category

Wire and Cable Manufacturing

NAICS

Communication and Energy Wire and Cable Manufacturing (33592), Other Communication and Energy Wire Manufacturing (335929), Electrical Equipment Manufacturing (33531)

SIC

Electronic & Other Electrical Equipment (No Computer Equip) (3600)

akta.pro primary industry

Industrial Power Cable (MV/HV) (IMADAMAB)

akta.pro secondary industries

Utility & Underground Distribution Cable (URD/Substation) (IMADAMAG), Underground Power Cables (MV/HV/EHV, XLPE, PILC, subsea/land) (EUADADAB), Power Cables & Conductors (LV/MV cables, flexible cables, bus wire, armored cable) (IMAGAEAC), Transmission & Distribution Line Equipment (Bushings, Insulators, Arresters, Conductors, Hardware) (IMAGAAAF), Fire-Resistant & Life-Safety Cable (Fire Alarm/Emergency) (IMADAMAF), Control, Instrumentation & Automation Cable (IMADAMAC)

Keywords

• Power cable manufacturing
• Overhead conductors
• Medium voltage cables
• High voltage cables
• Wire and cable

Headquarters

HQ city

Jaipur

HQ country

India

HQ region

Asia

Offices9 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. Cable and Conductor Sales: Manufacturing and sale of power infrastructure cables including LV, HV, MV, power control, instrumentation, and signaling cables to government discoms, private distribution companies, industrial clients, and export customers. Revenue from domestic sales and international exports to over 50 countries.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

Dynamic Cables manufactures and supplies a comprehensive range of wire and cable products for power transmission and distribution, including Low Voltage (LV), Medium Voltage (MV), and High Voltage (HV) power cables up to 66KV, overhead bare conductors (AAA, ACSR, AA, AL 59, bare copper), Medium Voltage Covered Conductors (MVCC) up to 36KV, signalling cables, control cables, and specialty cables such as fire survival and solar cables. Products are CE, UL, BIS (IS 694), RoHS/REACH compliant, type-tested by CPRI/ERDA/Tag Corporation, and approved by RDSO for railway signalling, and are supplied to government discoms, Power Grid Corporation, public and private industrial clients across India and 50+ export markets.

Product overview

Dynamic Cables is a leading Indian wire and cable manufacturer specializing in MV (Medium Voltage), HV (High Voltage) cables and overhead conductors for the energy and power sector. The product portfolio comprises a comprehensive range organized into distinct categories: UL Certified Cables (Thermoset Insulated Wires, Service Entrance Cables, Solar PV Wires), Bare Conductors (AAA Conductors, ACSR, AA Conductors, Bare Copper, AL 59), Insulated Conductors (MVCC up to 36KV), Power Cables spanning LV to 66KV in both copper and aluminium variants including armoured, unarmoured, XLPE, and PVC insulated types, Control Cables, Concentric Cables, Railway Signaling Cables, and specialty products like Fire Survival Cables and Solar Cables. The company also recently launched Green Building Wires (PVC Insulated FR-LSH and HR-FRLSH) for the B2B market. With over 37 years of experience and three manufacturing facilities in Rajasthan (Jaipur VKI Area and Reengus), the company serves government discoms, private distribution companies, industrial clients, and export markets across Asia, Africa, South America, and beyond.

Differentiator

Problem solved

Functional benefit

Products and services

• UL 44 Thermoset Insulated Wires Thermoset insulated wires meeting UL 44 standard for electrical safety and performance, sold to industrial and infrastructure buyers internationally.
• UL 854 Service Entrance Cables Service entrance cables meeting UL 854 standard for above-ground service entrances, used by electrical infrastructure and utility buyers.
• UL 4703 Solar PV Wires Solar PV wires meeting UL 4703 standard for photovoltaic installations, supplied to solar project developers and EPC contractors.
• Dynamic House Wire House wiring solutions for residential electrical installations, distributed via B2B channels to electrical contractors and builders.
• All Aluminium Alloy (AAA) Conductors Aluminium alloy overhead conductors used by power utilities for transmission and distribution applications.
• Aluminium Conductor Steel Reinforced (ACSR) Steel-reinforced aluminium overhead conductors for high-voltage transmission lines, supplied to power utilities and EPC contractors.
• AA Conductors Aluminium alloy conductors used for electrical transmission and distribution applications across utilities.
• Bare Copper Conductor Bare copper conductors used for electrical grounding and transmission applications.
• AL 59 Aluminium Alloy Conductor AL 59 aluminium alloy conductor for power transmission applications.
• MVCC Insulated Conductors (up to 36KV) Medium Voltage Covered Conductors up to 36KV for overhead power distribution in forest areas and suburban reconstruction, sold to government discoms and utility contractors.
• 66 KV HV Power Cable High voltage power cables up to 1000 sq mm conductor size for power transmission applications, supplied to Power Grid Corporation, state discoms and large industrial clients.
• MV Aerial Bunched Cables Medium voltage aerial bunched cables for overhead power distribution, sold to state discoms and power distribution utilities.
• MV Multicore Copper Armoured Power Cable Medium voltage multicore copper armoured power cables for industrial power distribution, sold to industrial and infrastructure clients.
• MV Multicore Armoured Aluminium Cable Medium voltage multicore aluminium armoured cables for power distribution, supplied to utilities and industrial buyers.
• LV Aerial Bunched Cables Low voltage aerial bunched cables for power distribution to rural and suburban areas, sold to state discoms for rural electrification.
• LV Copper Armoured Cable Low voltage copper armoured cables for industrial and commercial power distribution, sold to industrial clients and infrastructure contractors.
• LV Unarmoured Aluminium Power Cable Low voltage unarmoured aluminium power cables for indoor installations, supplied to industrial and commercial clients.
• LV Copper Control Cable Low voltage copper control cables for industrial control systems, supplied to industrial and infrastructure clients.
• LV Concentric Copper Cable Low voltage concentric copper cables for power distribution with concentric neutral, sold to utilities for distribution networks.
• LT PVC Power Cables Low tension PVC insulated power cables for general power distribution in industrial and commercial installations.
• LT XLPE Power Cables Low tension XLPE insulated power cables for improved electrical performance, supplied to industrial and infrastructure clients.
• Railway Signaling Cables RDSO approved railway signaling cables for railway infrastructure applications, sold to railway signalling contractors and Indian Railways.
• Galvanized Stay Wire / Earth Wire Galvanized stay wires and earth wires for overhead line construction and grounding, sold to power utilities and distribution contractors.
• Fire Survival Cables Fire survival cables designed to maintain circuit integrity during fire conditions, sold to commercial, industrial and infrastructure buyers needing fire-rated installations.
• Solar Cables Cables designed for solar photovoltaic installations and renewable energy applications, sold to solar project developers and EPC contractors.
• PVC Insulated FR-LSH and HR-FRLSH Green Building Wires PVC insulated fire retardant low smoke halogen green building wires with high-conductivity copper, BIS certification (IS 694) and RoHS/REACH compliance, targeting the domestic B2B market across residential, commercial, industrial and infrastructure projects.

Quantifiable outcome

• 30.27% year-over-year net profit growth in FY26
• +3 more outcomes

Named customers28 records

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

One partnership is on record.

• TraqocoreTechnology or Integration · 2 June 2026Dynamic Cables has partnered with Traqo for over four years to digitize its outbound freight operations. The partnership uses Traqo's Real-Time Tracking, ePOD (electronic Proof of Delivery), and Automation modules. This implementation replaced manual, paper-based freight tracking processes with live shipment monitoring, electronic proof of delivery, and automated trip coordination at the company's manufacturing plants handling hundreds of monthly trips.

Scale indicators8 records

Recent moves11 records

Expansion highlights6 records

Direct peers

• Polycab India Limited: India's largest listed wire and cable manufacturer with a comprehensive LV/MV/HV cable portfolio serving utilities, EPC contractors and retail. Directly comparable to Dynamic Cables across product categories, customer types, and Indian power infrastructure exposure, but at materially greater scale.
• KEI Industries Limited: Indian cable manufacturer specializing in LT/HT/EHV power cables, instrumentation cables, and house wires. Direct competitor in B2B and government tenders; similar product mix including railway signaling and UL-certified cables makes KEI the closest mid-cap comparable.
• Finolex Cables Limited: Established Indian manufacturer of electrical and communication cables including power cables, house wires and industrial cables. Overlaps with Dynamic Cables across LV/MV power cables and conductors, with a stronger retail/B2C franchise.
• RR Kabel Limited: Indian cable manufacturer with LT, HT and specialty cable offerings including solar, fire-survival and instrumentation cables. Directly comparable product portfolio and customer segments including utilities, EPCs and export markets.
• Apar Industries Limited: Indian manufacturer of conductors, power and telecom cables, and transformer oils. Direct competitor in overhead conductors (ACSR, AAA, AAAC) and a meaningful segment comparable to Dynamic Cables' bare conductor business.
• Bharat Wire Ropes Limited: Indian manufacturer of wire ropes, cables and conductors serving infrastructure, mining, and power sectors. Comparable as a domestic wire/cable specialist with similar small/mid-cap profile and government/infrastructure customer exposure.
• Universal Cables Limited: Indian manufacturer of power cables (LV, MV, HV up to 220KV), control/instrumentation cables and elastomeric cables. Directly comparable in HV power cables and industrial customers, with longer track record but smaller scale.

Broad incumbents

• Havells India Limited: Large Indian electrical equipment conglomerate with cables as a key vertical alongside switchgear, lighting, and appliances. Overlaps with Dynamic Cables in LV cables and house wires but competes broadly across many electrical product categories.
• V-Guard Industries Limited: Diversified Indian electrical products company with a growing wires and cables vertical alongside stabilizers, pumps and solar. Some product overlap in LV cables but much broader consumer electrical portfolio.

Regional players

• Sterlite Technologies Limited: Listed Indian telecom and power cable manufacturer including fiber optic and EHV power cables. Comparable in HV cable capability and utility customers, with stronger telecom focus that distinguishes it from Dynamic Cables' power-centric mix.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/dynamiccable
• Facebookfacebook.com/550512371640389
• LinkedInlinkedin.com/company/dynamic-cable

Compliance8 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Dynamic Cables