Stock With Upcoming Bonus Shares In 1:1 Ratio: To Be Credited By July 29; Right Time To Buy?

For more than thirty years, Dynamic Cables has been a prominent wire and cable manufacturer in India, catering to the energy and power industry both domestically and internationally. The company operates three cutting-edge, contemporary production and testing facilities in Rajasthan. In addition to recommending bonus shares, Dynamic Cables has released its financial results for the quarter and year ending in March 2025.

Dynamic Cables Bonus Shares

The Board of Directors "considered and recommended issuance of Bonus Equity Shares be way of capitalization of securities premium, in the ratio of 1:1 i.e. 1 (One) new fully paid-up equity of Rs. 10/- (Rupees Ten) each for every 1 (One) existing fully paid-up equity share of Rs. 10/- (Rupees Ten) each, to the eligible Shareholders of the Company as on the record date, subject to the approval of shareholders of the Company and other applicable regulatory and statutory approvals. Record Date to determine the eligible shareholders for Bonus Equity Shares shall be intimated in due course of time to the exchanges separately," said Dynamic Cables in a stock exchange filing.

2,42,29,319 equity shares of Rs.10/- each amounting to Rs. 24,22,93,190/- is the total number of securities proposed to be issued or the total amount for which the securities will be issued by Dynamic Cables.

July 29, 2025.is the estimated date by which such bonus shares shall be credited/ dispatched, the company said in statement.

Dynamic Cables Upcoming Dividend

Subject to shareholder approval at the company's 18th Annual General Meeting (AGM), the board of the company has also proposed a final dividend of Rs 0.50/-per equity share, or 5% per equity share of Rs 10 each, for the fiscal year that ended on March 31, 2025.

Dynamic Cables Q4 Results

In the March 2025 quarter, the company's net sales were Rs 331.18 crore, increasing 37.47% from Rs 240.91 crore in the March 2024 quarter. In the quarter that ended in March 2025, its net profit was Rs. 23.56 crore, rising 71.08% from Rs. 13.77 crore in the quarter that ended in March 2024. EBITDA increased 34.77% from Rs. 26.43 crore in Q4FY24 to Rs. 35.62 crore in Q4FY25. As of March 31, 2025, the company's order book is worth Rs 725.6 crore.

Dynamic Cables Share Price Target

"Dynamic Cables stock price is slightly bearish on the Daily charts with strong resistance at 913. A Daily close below support of 827 could lead to a target of 733 in the near term," commented A R Ramachandran, independent research analyst.

Disclaimer

The recommendations made above are by market analysts and are not advised by either the author, nor Greynium Information Technologies. The author, nor the brokerage firm nor Greynium would be liable for any losses caused as a result of decisions based on this write-up. Goodreturns.in advises users to consult with certified experts before making any investment decision.