Dixon Technologies (India)
Dixon Technologies (India) Limited valuation: P/E, P/B and sector benchmarks.
Twelve years of multiples investors have paid for Dixon Technologies (India) Limited, framed against the sector median so the premium or discount is obvious at a glance.
Dixon Technologies (India) Limited trades at a P/E of 50.92× and P/B of 15.66×, against the Consumer Durables sector median P/E of 33.96×.
Valuation
Profitability
Growth
Financial Health
Dixon Technologies (India) Limited chart patterns: breakouts, tops and bottoms.
Auto-detected classical chart patterns for Dixon Technologies (India) Limited — Double Top/Bottom, Head & Shoulders, Triple Bottom and more — with break levels, targets and quality scores across Intraday, Daily and Weekly timeframes.
Dixon Technologies (India) Limited financials: P&L, balance sheet, cash flow, ratios.
Twelve years of audited numbers for Dixon Technologies (India) Limited, switchable between annual and quarterly views, consolidated or standalone.
Dixon Technologies (India) Limited reports its full P&L, balance sheet, cash flow and ratios on this page — current market capitalisation of ₹7,34,85,16,78,798 Cr and reported EPS of ₹269.66.
| Period | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue from Operations | 2,853 | 2,984 | 4,400 | 6,448 | 10,697 | 12,192 | 17,691 | 38,860 | 48,873 |
| Other Income | 4 | 6 | 5 | 2 | 4 | 6 | 23 | 20 | 713 |
| Total Income | 2,858 | 2,990 | 4,405 | 6,450 | 10,701 | 12,198 | 17,713 | 38,880 | 49,586 |
| Cost of Goods Sold (COGS) | 2,487 | 2,609 | 3,860 | 5,770 | 9,779 | 11,021 | 16,039 | 35,833 | 45,277 |
| Gross Profit | 366 | 375 | 540 | 678 | 918 | 1,171 | 1,652 | 3,027 | 3,596 |
| +Operating Expenses | 254 | 240 | 317 | 392 | 539 | 659 | 954 | 1,520 | 1,729 |
| EBITDA | 113 | 135 | 223 | 287 | 379 | 513 | 698 | 1,508 | 1,867 |
| +Non-Operating Expenses | 29 | 47 | 72 | 71 | 128 | 175 | 237 | 895 | 530 |
| Profit Before Tax (PBT) | 88 | 94 | 157 | 217 | 255 | 343 | 484 | 1,552 | 2,049 |
| +Tax Expense | 27 | 30 | 36 | 57 | 64 | 90 | 119 | 337 | 426 |
| Total Profit for Period | 61 | 63 | 121 | 160 | 190 | 255 | 375 | 1,233 | 1,644 |
| Less: Non-controlling Interests | — | — | — | — | 0 | -0 | 7 | 137 | 206 |
| Net Profit (Owner's PAT) | 61 | 63 | 121 | 160 | 190 | 256 | 368 | 1,096 | 1,439 |
| Earnings Per Share (EPS) | 10.75 | 11.19 | 20.83 | 27.28 | 32.05 | 42.90 | 61.47 | 181.87 | 236.61 |
| Diluted Shares Outstanding (Nos.) | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 |
| +Additional Disclosures | 5,256 | 5,505 | 8,108 | 12,002 | 20,226 | 22,875 | 33,287 | 73,775 | 93,042 |
| Sales Growth % | — | 4.59 | 47.43 | 46.55 | 65.89 | 13.98 | 45.10 | 119.66 | 25.77 |
| YoY Sales Growth % | — | 4.59 | 47.43 | 46.55 | 65.89 | 13.98 | 45.10 | 119.66 | 25.77 |
| Material Cost % | 88 | 87 | 89 | 89 | 92 | 90 | 91 | 93 | 93 |
| Employee Cost % | 3 | 3 | 3 | 2 | 2 | 2 | 2 | 1 | 1 |
| Other Cost % | 6 | 5 | 5 | 4 | 3 | 3 | 4 | 2 | 2 |
| OPM % | 4 | 5 | 5 | 4 | 4 | 4 | 4 | 4 | 4 |
| Tax % | 31 | 32 | 23 | 26 | 25 | 26 | 25 | 22 | 21 |
| Profit Growth % | — | 4.02 | 90.21 | 32.61 | 19.01 | 34.36 | 43.92 | 197.90 | 31.32 |
| Gross Margin % | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA Margin % | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Coverage Ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| +Additional Fields | 98 | 113 | 187 | 243 | 295 | 398 | 536 | 1,227 | 1,474 |
Dixon Technologies (India) segment analysis: revenue and profit mix.
Disclosed business segments at Dixon Technologies (India) with their share of revenue and profit, switchable between consolidated and standalone reporting.
Dixon Technologies (India) discloses revenue and profit across multiple business segments — toggle between consolidated and standalone views to see the mix.
Segment-wise Financial Analysis
The Bull, Bear, and Flip case for Dixon Technologies (India) Limited.
Our AI distills the core fundamental drivers supporting Dixon Technologies (India) Limited, the risks that threaten it, and the exact valuation or growth triggers that should make you re-evaluate.
Dixon Technologies (India) Limited's investment case rests on 7 positive markers and 7 flagged concerns drawn from the latest reported filings.
What you're getting.
Dixon Technologies boasts a robust Return on Equity (ROE) of 32.80%, significantly higher than the industry average, showcasing efficient capital utilization and strong profitability. This is further supported by a high Return on Capital Employed (ROCE) of 40.00%, highlighting operational efficiency and return generation capabilities.
The company's quarterly sales have demonstrated impressive growth, surging by 28.80%. This significant increase reflects strong market demand and effective expansion strategies, promising continued revenue growth in subsequent quarters. This growth trajectory is a key strength for the company.
Despite a high Price-to-Earnings (PE) ratio of 72.40, suggesting potential overvaluation, Dixon's remarkable 185.00% quarterly profit growth indicates strong underlying earnings momentum that could justify the current valuation in the long run. This growth potential is a significant positive.
Dixon's Return on Assets (ROA) stands at 7.32%, indicating effective asset management in generating profits. This metric, combined with high ROE and ROCE, paints a picture of a financially sound and well-managed company, inspiring investor confidence.
The robust growth in quarterly sales by 28.80% and profits by 185.00% indicates strong underlying demand in the consumer electronics sector, presenting an opportunity for Dixon to expand its market share and product offerings.
What can break it.
Dixon's promoter holding is only 28.9%, considerably lower than industry norms. This lower stake raises concerns about potential corporate governance issues and the risk of future ownership dilution, which could negatively impact investor sentiment and long-term stability.
The company's Price-to-Book Value (PBV) ratio is high at 23.00, suggesting the market is pricing Dixon at a substantial premium to its net asset value. This high valuation makes the stock vulnerable to price corrections and potential losses for investors.
While quarterly profits are growing, the operating profit margin (OPM) remains relatively low at 3.88%, indicating potential pressure on profitability. This low margin warrants close monitoring for any signs of margin compression in the future, which could impact profitability.
Although the debt-to-equity ratio of 0.34 is manageable, the absolute debt of ₹1389 crore represents a considerable financial burden. Investors should carefully monitor Dixon's debt levels and its capacity to effectively manage this debt to avoid future financial distress.
Dixon's high Price-to-Earnings (PE) ratio of 72.40, significantly above some peers, suggests potential overvaluation, making the stock vulnerable to sharp corrections if growth expectations are not met.
What would change my mind.
Trim if P/E re-rates above 66 (~1.9× the sector multiple of 34.0). The valuation cushion thins from there.
Reassess if quarterly profit growth prints below 0% for two consecutive quarters. The bull case relies on compounding earnings.
Watch interest coverage if debt-to-equity climbs above 1.00. Balance sheet risk re-prices growth multiples fast.
Exit if ROE slips below 32%. The operating engine is no longer compounding capital efficiently.
Dixon Technologies (India) Limited peer comparison — same-sector benchmarks.
Same-sector listed peers ranked on P/E, market cap, dividend yield and growth — Dixon Technologies (India) Limited is highlighted for quick read-across.
Quick Compare
Dixon Technologies (India) Limited technical analysis: indicators, pivots and CPR.
Live RSI, MACD and moving-average signals plus today's pivot and Central Pivot Range levels for Dixon Technologies (India) Limited — derived from the live tape, not yesterday's close.
Dixon Technologies (India) Limited last traded at ₹12,086 with an intraday range of ₹11,716–₹12,139 — live indicator, pivot and CPR signals below.
Pivot points
Standard pivot — most widely referenced.
Pivot levels · Classic
Live: ₹12086.00| Level | Price (₹) | Distance | % Δ |
|---|---|---|---|
| R4 | 13090.67 | +1004.67 | +8.31% |
| R3 | 12667.67 | +581.67 | +4.81% |
| R2 | 12403.33 | +317.33 | +2.63% |
| R1 | 12244.67 | +158.67 | +1.31% |
| PIVOT | 11980.33 | -105.67 | -0.87% |
| CURRENT | 12086.00 | — | — |
| S1 | 10975.67 | -1110.33 | -9.19% |
| S2 | 11398.67 | -687.33 | -5.69% |
| S3 | 11557.33 | -528.67 | -4.37% |
| S4 | 11821.67 | -264.33 | -2.19% |
DIXON is trading Above CPR, indicating Bullishness
CPR is Wider, suggesting unlikely for trending moves
Day's range: 11716 ~ 11946
Trading Inside opening range
Dixon Technologies (India) Limited delivery volume — last 20 sessions of conviction.
Daily traded volume and delivery percentage for Dixon Technologies (India) Limited over 20 sessions — the gap between intraday flipping and genuine accumulation.
Latest session delivery in Dixon Technologies (India) Limited stood at 24.3% of traded volume, against a 20-day average of 30.7%.
Dixon Technologies (India) announcements: results, concalls, ratings, M&A.
Filings Dixon Technologies (India) sent to the exchanges, sequenced as they hit the tape — concall transcripts, results, credit ratings and presentations.
Dixon Technologies (India) files concall transcripts, results, credit ratings and corporate-action notices on the NSE and BSE exchange portals — latest 239 documents below.
News Verification
The Exchange has sought clarification from Dixon Technologies (India) Limited with respect to recent news item captioned Dixon Tech shares rise 5%…
News Verification
The Exchange has sought clarification from Dixon Technologies (India) Limited with respect to recent news item captioned Dixon Tech shares rise 5%…
General Updates
Execution of Binding Term Sheet amongst Dixon Technologies (India) Limited, Gemtek Technology Co., Ltd., and Dixon Electroconnect Private Limited for…
Copy of Newspaper Publication
Dixon Technologies (India) Limited has informed the Exchange about Newspaper Advertisement regarding Notice to the Shareholders for transfer of…
Analysts/Institutional Investor Meet/Con. Call Updates
Dixon Technologies (India) Limited has informed the Exchange about Investor Meet Outcome
Investor decks & rating reports.
Investor Presentation
Investor Presentation
Investor Presentation
Investor Presentation
Investor Presentation
Dixon Technologies (India) dividend history, splits and bonus issues.
Every dividend, stock split and bonus issue Dixon Technologies (India) has declared, sequenced by announce and record date.
Dixon Technologies (India) corporate-action history below covers all declared dividends, stock splits and bonus issues recorded with NSE and BSE.
About Dixon Technologies (India) Limited: business, sector, key facts.
What Dixon Technologies (India) Limited does, where it operates, the people running it, and the numbers that describe the entity behind the ticker.
Dixon Technologies (India) Limited operates in the Consumer Electronics industry under the Consumer Durables sector, listed as NSE: DIXON, BSE: 540699.
Dixon Technologies (India) Limited is a leading provider of electronic manufacturing services (EMS) with a significant presence both domestically in India and internationally. Their core business revolves around offering original design manufacturing (ODM) and original equipment manufacturing (OEM) solutions for a diverse range of electronic products. This broad portfolio allows them to cater to a wide range of clients and market segments.
A key aspect of Dixon's business is its focus on consumer electronics. This includes the production of LED televisions and their associated printed circuit boards (PCBs), as well as air conditioners and their PCBs. Beyond televisions and air conditioners, they also manufacture a variety of home appliances such as washing machines and refrigerators. Their manufacturing capabilities extend to lighting products, encompassing LED bulbs, battens, and downlighters.
Dixon's expertise further extends into the mobile phone and smartphone sector. They manufacture PCBA (printed circuit board assembly) for mobile phones, highlighting their proficiency in intricate electronic assembly. The company's capabilities also encompass the production of medical electronics, wearable technology, and set-top boxes, showcasing versatility across various technological domains. They even offer security systems like CCTV cameras and digital video recorders, expanding their reach into the security market.
Adding to its comprehensive service offerings, Dixon provides reverse logistics solutions. This includes crucial repair and refurbishment services for LED TV panels, demonstrating a commitment to sustainable practices and customer support. The company also offers services in information technology hardware, further diversifying its portfolio and strengthening its position in the electronics manufacturing industry. In essence, Dixon's business model encompasses a broad spectrum of electronic product manufacturing, encompassing design, production, and after-sales services.
Established in 1993 and headquartered in Noida, India, Dixon Technologies has cultivated a substantial presence in the Indian electronics manufacturing landscape. Their diverse product portfolio, coupled with their provision of comprehensive services, positions them as a key player within the increasingly important electronics sector in India and beyond.
Questions investors ask about Dixon Technologies (India) Limited (DIXON).
Quick answers grounded in this page's data — price action, fundamentals, ratios and ownership.
01What is the current share price of Dixon Technologies (India) Limited (DIXON)?
The current share price of Dixon Technologies (India) Limited (DIXON) is ₹12,086. Today, the stock has gained by ₹154.00 (1.29%), trading in a range of ₹11,716 to ₹12,139. The stock opened at ₹11,916 with a trading volume of 5,26,816 shares.
02Is Dixon Technologies (India) Limited stock a good investment for long-term?
Dixon Technologies (India) Limited can be considered for long-term investment based on several factors. The company has a market capitalization of ₹7,34,85,16,78,798 crores, P/E ratio of 50.92, ROE of 37.13%, and ROCE of 40.00%. The dividend yield stands at 0.07%. However, investment decisions should be based on your financial goals, risk appetite, and thorough research. It's recommended to consult with a SEBI-registered financial advisor before making investment decisions.
03What is the 52-week high and low price of Dixon Technologies (India) Limited stock?
The 52-week high price of Dixon Technologies (India) Limited (DIXON) is ₹18,471, while the 52-week low is ₹9,600. Currently trading at ₹12,086, the stock is 28.0% away from its 52-week low and 34.6% below its 52-week high. These levels help investors understand the stock's price volatility and trading range over the past year.
04Should I buy Dixon Technologies (India) Limited stock at the current price?
Whether to buy Dixon Technologies (India) Limited stock at ₹12,086 depends on multiple factors. The stock is currently trading with a P/E ratio of 50.92 and P/B ratio of 15.66. Today's performance shows a gain of 1.29%. Consider analyzing the company's fundamentals, technical indicators, industry trends, and your investment horizon. Compare these metrics with industry peers and consult a financial advisor for personalized advice.
05What is the dividend yield of Dixon Technologies (India) Limited and when is the next dividend?
Dixon Technologies (India) Limited offers a dividend yield of 0.07%, which means for every ₹100 invested at the current price of ₹12,086, you can expect to receive approximately ₹0.07 annually as dividends. The face value of the stock is ₹2.00. For information about the next dividend announcement and ex-dividend date, please check the company's official announcements or visit the BSE/NSE websites.
06What are the key financial ratios and metrics of Dixon Technologies (India) Limited?
Dixon Technologies (India) Limited's key financial metrics include: P/E Ratio: 50.92, P/B Ratio: 15.66, ROE: 37.13%, ROCE: 40.00%, Dividend Yield: 0.07%, EPS: ₹269.66, Book Value: ₹897.73, and Debt-to-Equity: 0.18. The company's market cap stands at ₹7,34,85,16,78,798 crores. These metrics help evaluate the company's valuation, profitability, and financial health.
07How is Dixon Technologies (India) Limited stock performing today in the market?
Dixon Technologies (India) Limited stock opened at ₹11,916 and is currently trading at ₹12,086, showing a gain of ₹154.00 (1.29%). The intraday high is ₹12,139 and low is ₹11,716. The trading volume stands at 5,26,816 shares, indicating moderate market participation today.
08What is the P/E ratio of Dixon Technologies (India) Limited and what does it indicate?
Dixon Technologies (India) Limited has a Price-to-Earnings (P/E) ratio of 50.92, which means investors are willing to pay ₹50.92 for every ₹1 of earnings. With an EPS of ₹269.66, this P/E ratio suggests the stock may be trading at a premium, possibly due to high growth expectations. Compare this with industry peers and historical P/E ratios for better context.
The data, ratios and commentary about Dixon Technologies (India) Limited (DIXON) on this page are published for educational and informational purposes only and are not investment, legal or tax advice. StockeZee is not a SEBI-registered investment adviser, research analyst or portfolio manager, and no content here should be construed as a recommendation to buy, hold or sell any security. Live and historical market data may be delayed, revised by the exchanges, or contain errors; figures sourced from third-party feeds and corporate disclosures may not always be current. Past performance is not indicative of future results, and equity investments carry the risk of capital loss. Before acting on anything you read here, please consult a SEBI-registered financial advisor and read all scheme-related documents carefully.
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