Dynamic Cables Jumps 5% on 1:1 Bonus Share announcement
By Ankur Chandra | Updated at: May 31, 2025 10:43 PM IST
Mumbai, 30 May 2025: Shares of Dynamic Cables Ltd (NSE: DYCL) rallied over 5% on Friday after the company’s board approved a 1:1 bonus issue and proposed doubling its authorised share capital. The stock closed at ₹892.15, marking a gain of ₹43.65 from the previous session, reflecting strong investor sentiment.
Key Board Approvals
1. 1:1 Bonus Share Issue
The board has sanctioned the issuance of bonus shares in the ratio of 1:1 by capitalising on the company’s securities premium and reserves.
- Bonus ratio: 1 share for every 1 held
- Total bonus shares: Approx. 2.42 crore
- Record date: To be declared
- Expected credit: By July 29, 2025
- Post-bonus paid-up capital: ₹48.46 crore
- Available reserves (as of March 31, 2025): ₹11,111.32 lakh
2. Authorised Share Capital Enhancement
The board has proposed raising the authorised share capital from ₹25 crore to ₹50 crore via an amendment to the Memorandum of Association.
Stock Performance Overview
| Metric | Value (₹) |
|---|---|
| Last Traded Price (30-May-2025) | 892.15 |
| Day’s High / Low | 899.95 / 845.85 |
| Previous Close | 848.50 |
| 52-Week High / Low | 1,095.00 / 455.00 |
| Market Cap | ₹2,161.62 crore |
| Free Float Market Cap | ₹486.65 crore |
| Traded Volume (shares) | 1.22 lakh |
| Traded Value | ₹10.68 crore |
| P/E Ratio (TTM, adjusted) | 31.72 |
| Face Value | ₹10 |
| Volatility | 3.87% |
| % Deliverable to Traded Qty | 57.89% |
Financial Performance (Q4 FY25)
| Quarter Ended | Total Income (₹ lakh) | Net Profit (₹ lakh) | EPS (₹) |
|---|---|---|---|
| Mar 31, 2025 | 33,259.42 | 2,356.46 | 9.73 |
| Mar 31, 2024 | 24,190.50 | 1,377.41 | 6.26 |
YoY Growth:
- Revenue growth: 37.5%
- Net profit increase: 71.0%
- EPS rise: 55.4%
Shareholding Pattern (as of March 31, 2025)
- Promoters: 68.18%
- Public: 31.82%
- Employee trusts: Nil
Outlook
The bonus share issue and capital base expansion underscore the company’s optimistic outlook for growth. With solid financials and strong promoter support, Dynamic Cables appears well-positioned to benefit from the rising investments in infrastructure and power transmission in India. Investor interest is expected to remain strong ahead of the record date announcement.
Disclaimer: This content is only for informational purpose. It does not make any recommendation to act or invest. Please read the offer documents carefully before investing. Investments are subject to market risks and other risks. There is no guarantee of the actual returns that will be given.
REF: https://nsearchives.nseindia.com/corporate/DYNAMICCABLES_30052025121200_outcome.pdf
