DYCL
Dynamic Cables Limited
If management delivers what it guided
arithmetic on filed guidance and past valuations · not a price target
DYCL
FY26 → FY28 · 2 years of guidance · ~1.7 years from today₹395 today
BEAR
₹284
-28%-18% a yr
11.6% a year · 13.1x exit
BASE
₹458
+16%+9% a yr
20% a year · 18.2x exit
BULL
₹623
+58%+32% a yr
27.2% a year · 22.1x exit
Where the market has priced it
12x23x today — outside the range23x
- the guided figure reached earnings through a low-confidence bridge
- multiple band rests on only 4 filed years
- FY27 one quarter filed — the pace is shown, not judged: guided +20.0%, filed +33.2% across 1 quarter(s)
- at 23x its FY26 earnings the stock already trades above the top of its own ten-year range (22x)
- this company's own median multiple sits 35% below its filed-industry peers; the scenario uses its own
How these numbers are produced
| Earnings base | FY26 fiscal year EPS ₹17.43 (screener) |
|---|---|
| Guided growth | 20% a year, said on the call of 23-Jul-2026 · transcript |
| Read across as | operating: unlabelled growth figure, read as revenue — low confidence |
| Delivery calibration | 0.58x / 1x / 1.36x of what was guided — measured: 76 annual guided-vs-filed pairs + 77 near-complete quarterly years — NSE transcripts against the companies' own filings |
| Exit multiple | 13.1x / 18.23x / 22.09x, this company’s own p20 / median / p80 across 4 filed years |
| Filed-industry peers | median 28.1x across 21 peers — the cross-check, not the input |
| Arithmetic | base EPS × (1 + guided growth × delivery)2 × exit multiple |
Arithmetic on management’s own guidance and this company’s own past valuations. Not a price target, not a recommendation, and not a forecast of what the stock will do.
What management said
from NSE earnings-call filings · extracted, not interpreted
generic growth 20%
I think the right way to look at it is that we wish to maintain our long-term growth strategy of 20% plus here and there, couple of percentage points here and there in the long-term and there may be some quarters of high growth because of p
Call 23-Jul-2026 · bridge confidence low · transcript PDF
Pace against its own guidance
FY27
one quarter filed — the pace is shown, not judged
guided 20.0%
filed 33.2%
1 of 4 quarters