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Dixon Technologies (India) Ltd

DIXON

Dixon Technologies (India) Ltd

DIXON
Consumer DiscretionaryHome Electronics & Appliances
MidcapWith a market cap of ₹94,950 cr, stock is ranked 103
Moderate RiskStock is 2.80x as volatile as Nifty
15,807.401.28% (+199.20)
15,807.401.28% (+199.20)

Price Chart

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Consumer DiscretionaryHome Electronics & Appliances
MidcapWith a market cap of ₹94,950 cr, stock is ranked 103
Moderate RiskStock is 2.80x as volatile as Nifty
Scorecard

Performance

High

The creamy layer - amongst the top performing stocks

Valuation

High

Seems to be overvalued vs the market average

Growth

Avg

Financials growth has been moderate for a few years

Profitability

High

Showing good signs of profitability & efficiency

Entry point

Avg

The stock is overpriced but is not in the overbought zone

Red flags

Low

No red flag found

How to use scorecard? Learn more

Consumer DiscretionaryHome Electronics & Appliances
MidcapWith a market cap of ₹94,950 cr, stock is ranked 103
Moderate RiskStock is 2.80x as volatile as Nifty

Key Metrics

No LabelNo LabelPB RatioPB RatioDividend YieldDiv. Yield
132.7754.840.03%
Sector PESector PESector PBSector PBSector Div YldSctr Div Yld
38.566.700.73%

Forecast & Ratings

Detailed Forecast 
57%
Analysts have suggested that investors can buy this stock

from 23 analysts

Price

Price Upside

Earnings

Earnings Growth

Revenue

Rev. Growth

See Detailed Forecast

Company Profile

Dixon Technologies Private Limited is a design-focused products and solutions company. The Company is engaged in manufacturing products in the consumer durables, lighting and mobile phones markets in India

Investor Presentation

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Oct 24, 2024

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Forecasts

Price

Revenue

Earnings

Income

Balance Sheet

Cash Flow

Income Statement

Industry refers to the sub-sector this company belongs to.

Higher than Industry Revenue Growth

A higher-than-industry revenue growth represents increased potential for the company to increase their market share

Over the last 5 years, revenue has grown at a yearly rate of 42.75%, vs industry avg of 11.46%

Increasing Market Share

Market share is the percentage of an industry's total sales going to a particular company. It gives a general idea of the size of a company v/s its competitors

Over the last 5 years, market share increased from 5.85% to 19.47%

Higher than Industry Net Income

Net income is equal to net earnings (profit) less expenses. This number is an important measure of how profitable the company is

Over the last 5 years, net income has grown at a yearly rate of 42.15%, vs industry avg of 0.48%

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Financial YearFY 2016FY 2017FY 2018FY 2019FY 2020FY 2021FY 2022FY 2023FY 2024TTM
Total Revenue1,402.882,458.442,845.802,990.084,405.326,449.7510,700.8912,199.2417,723.7027,835.94
Raw Materialssubtract1,228.442,205.612,545.362,594.613,913.345,753.419,889.6611,015.1716,142.4226,548.99
Power & Fuel Costsubtract8.6810.9714.4718.3822.2026.3940.4147.3365.79
Employee Costsubtract54.9663.9172.7583.87117.96137.07197.79251.67332.67
Selling & Administrative Expensessubtract7.6720.2718.7224.8222.9837.0245.8550.5954.94
Operating & Other expensessubtract30.9865.0377.64126.6296.10202.41139.12311.00391.21
Depreciation/Amortizationsubtract8.4410.7115.1821.6536.5343.7283.95114.63161.88212.24
Interest & Other Itemssubtract13.1115.5413.4526.3239.4432.7249.4064.0780.96110.82
Taxes & Other Itemssubtract8.0318.8227.3330.4636.2757.2164.5489.26126.08248.75
EPS2.352.093.6811.1921.0527.4532.2642.9861.61119.55
DPS1.071.200.400.400.801.002.003.005.005.00
Payout ratio0.460.570.110.040.040.040.060.070.080.04

Company Updates

Annual Report and Investor Presentation updates mentioned here are as reported by the company to the exchange
FY 2022

Annual report

PDF

Investor Presentation

May 30PDF
Jan 28PDF
Oct 29PDF
Jul 27PDF
FY 2023

Annual report

PDF

Investor Presentation

May 23PDF
Jan 25PDF
Oct 20PDF
Jul 27PDF
FY 2024

Annual report

PDF

Investor Presentation

Jul 25PDF
FY 2025

Annual Report Pending

Investor Presentation

Oct 24PDF
 

Peers & Comparison

Comparing 3 stocks from 
Consumer DiscretionaryHome Electronics & Appliances

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StockPE RatioPE RatioPB RatioPB RatioDiv. YieldDividend Yield
Dixon Technologies (India) Ltd258.1954.840.03%
Voltas Ltd217.739.370.33%
Blue Star Ltd91.8214.580.38%
Crompton Greaves Consumer Electricals Ltd59.957.650.73%

Price Comparison

Compare DIXON with any stock or ETF
Compare DIXON with any stock or ETF
DIXON
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Shareholdings

Promoter Holdings Trend

Total Promoter Holding

Increasing promoter holding is considered good and reflects management’s positive view about the future outlook

In last 6 months, promoter holding in the company has almost stayed constant

Low Pledged Promoter Holding

Lower pledged promoter holdings is considered better

Pledged promoter holdings is insignificant

Institutional Holdings Trend

Total Retail Holding

Increasing retail holding can be considered bad as it can reflect that institutions and promoters are selling their stake which is being absorbed by retail investors.

In last 3 months, retail holding in the company has almost stayed constant

Increased Foreign Institutional Holding

Foreign Institutional Holding is quantum of stock held by foreign large-quantities-trading entities. Increasing value indicates growing support and comfort for the stock

In last 3 months, foreign institutional holding of the company has increased by 3.37%

Tickertape Separator

Shareholding Pattern

Retail and OthersForeign InstitutionsOther Domestic InstitutionsMutual FundsTotal Promoter Holding32.89%16.77%6.37%22.69%21.28%

Dec 2023

Mar 2024

Jun 2024

Sep 2024

Shareholding History

JunSepDec '23MarJunSep14.99%15.66%17.41%17.84%19.33%22.69%

Mutual Funds Holding Trend

Decreased Mutual Fund Holding

Increasing Mutual Fund holdings are generally considered good, as it reflects that fund managers are becoming more bullish about the stock

In last 3 months, mutual fund holding of the company has decreased by 1.80%

Top 5 Mutual Funds holding Dixon Technologies (India) Ltd




Funds (Top 5)Market-cap heldWeight3M holding changePortfolio rank
(3M change)
Kotak Emerging Equity Fund - Growth - Direct Plan

Growth
1.1183%2.10%0.26%46/75 (-6)
HDFC Mid-Cap Opportunities Fund - Growth - Direct Plan

Growth
1.0382%1.31%-0.33%38/79 (-16)
Canara Robeco Emerging Equities - Growth - Direct Plan

Growth
0.9636%3.80%0.88%51/96 (+1)

Compare 3-month MF holding change on Screener

Insider Trades & Bulk Deals

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smallcases

Looks like this stock is not in any smallcase yet.

Events

Dividend Trend

Increasing Dividends

Dividends are the portion of earnings that a company distributes to all its shareholders every year

DIXON has increased dividends consistently over the last 5 years

Dividend Yield

Dividend return is one of the most important things to be considered while investing for long term. It is the additional return on top of what investors earn through price appreciation

Current dividend yield is 0.03%. An investment of ₹1,000 in the stock is expected to generate dividend of ₹0.32 every year

Dividends

Corp. Actions

Announcements

Legal Orders

Upcoming Dividends

No upcoming dividends are available

Past Dividends

Cash Dividend

Ex DateEx DateSep 17, 2024

Final
Final | Div/Share: ₹5.00

Dividend/Share

₹5.00

Ex DateEx Date

Sep 17, 2024

Cash Dividend

Ex DateEx DateSep 22, 2023

Final
Final | Div/Share: ₹3.00

Dividend/Share

₹3.00

Ex DateEx Date

Sep 22, 2023

Cash Dividend

Ex DateEx DateAug 11, 2022

Final
Final | Div/Share: ₹2.00

Dividend/Share

₹2.00

Ex DateEx Date

Aug 11, 2022

Cash Dividend

Ex DateEx DateSep 20, 2021

Final
Final | Div/Share: ₹1.00

Dividend/Share

₹1.00

Ex DateEx Date

Sep 20, 2021

Cash Dividend

Ex DateEx DateMar 24, 2020

Interim
Interim | Div/Share: ₹4.00

Dividend/Share

₹4.00

Ex DateEx Date

Mar 24, 2020

News & Opinions
Corporate
Padget Electronics to commence production of Google Pixel (Smart Phones)

Dixon Technologies (India) announced that its wholly owned subsidiary, Padget Electronics together with Compal Smart Device India (Compal) are set to launch mass production of Google Pixel (Smart phones) for Compal's designated customer 'Google Information Services India'. The said production will commence at plant of Padget Electronics situated at Sector-68, Noida. Powered by Capital Market - Live

2 days agoCapital Market - Live
Corporate
Dixon Technologies allots 2.30 lakh equity shares under ESOP

Dixon Technologies (India) has allotted 2,30,230 equity shares under ESOP on 14 November 2024. With this allotment, the paid up equity share capital has increased from Rs. 11,96,73,190 to Rs. 12,01,33,650. Powered by Capital Market - Live

2 weeks agoCapital Market - Live
Spotlight
Dixon Technologies enters into MOU with Cellecor Gadgets

Cellecor is a leading name in the consumer electronics industry, known for its innovative and cutting-edge technology. With a commitment to making happiness affordable, Cellecor offers a diverse range of products, including mobile phones, smart TVs, speakers, neckbands, TWS, sound bars, smartwatches, Washing Machines, and many more. Atul B. Lall, vice chairman & managing director of Dixon Tech, stated that 'We are delighted to announce that Dixon Technologies has entered into an MOU with Cellecor for manufacturing of washing machines and its related components. By this partnership, Dixon Technologies will increase its customer base in Washing Machine segment. Further, through this partnership, both Companies aims to target improved efficiencies and increased competitiveness.' Dixon Technologies (India) transformed from being a manufacturer of electronic goods to leading multi- product corporation with widespread activities. The company is primarily engaged in the manufacturing of electronics as its core business activity. The company reported 107.91% surge in consolidated net profit to Rs 139.70 crore on 101.12% jump in revenue from operations to Rs 6,579.80 crore in Q1 FY25 over Q1 FY24. The scrip rose 2.24% to close at Rs 14,242.25 on Monday, 28 October 2024. Powered by Capital Market - Live

1 month agoCapital Market - Live
Earnings
Dixon Technologies (India) consolidated net profit rises 263.26% in the September 2024 quarter

Net profit of Dixon Technologies (India) rose 263.26% to Rs 389.85 crore in the quarter ended September 2024 as against Rs 107.32 crore during the previous quarter ended September 2023. Sales rose 133.33% to Rs 11534.08 crore in the quarter ended September 2024 as against Rs 4943.18 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales11534.084943.18 133 OPM %3.704.02 - PBDT385.31184.98 108 PBT319.31148.54 115 NP389.85107.32 263 Powered by Capital Market - Live

1 month agoCapital Market - Live
Corporate
Dixon Technologies (India) to hold board meeting

Dixon Technologies (India) will hold a meeting of the Board of Directors of the Company on 24 October 2024.Powered by Capital Market - Live

1 month agoCapital Market - Live
Corporate
Dixon arm enters into MoU with Asus for manufacturing of notebooks

Dixon Technologies (India)'s wholly owned subsidiary, Padget Electronics has entered into an MOU with Asus India (Asus) for manufacturing of information technology products i.e. notebooks, subject to signing of definitive agreements with Asus's entity/ies or its affiliate(s). Atul B. Lall, Vice Chairman & Managing Director of Dixon Technologies, expressed, 'It gives us an immense pleasure to partner with iconic brand Asus for manufacturing of notebooks. We are delighted and encouraged by the trust they have bestowed on Dixon for this collaboration. Asus has established a strong and trusted foothold worldwide, thanks to its advanced technology and we see them as our ideal long-term strategic partner who shares our core values: focus on quality, engineering prowess and customer satisfaction & we intend to leverage each other's strengths to manufacture notebook products. Powered by Capital Market - Live

2 months agoCapital Market - Live
Live Market Update
Nifty above 25,000 level; pharma shares rises; VIX tumbles 4.40%

The domestic equity benchmarks traded with decent gains in early afternoon trade. The Nifty scaled above the 25,000 level after hitting the day's low of 24,896.80 in morning trade. Pharma shares jumped after declining in the past three consecutive trading sessions. At 12:30 IST, the barometer index, the S&P BSE Sensex, gained 350.09 points or 0.44% to 81,916.18. The Nifty 50 index added 104.15 points or 0.42% to 25,040.55. The broader market outperformed the frontline indices. The S&P BSE Mid-Cap index rose 0.53% and the S&P BSE Small-Cap index gained 1.16%. The market breadth was strong. On the BSE, 2,590 shares rose and 1,190 shares fell. A total of 120 shares were unchanged. Economy: The GST Council has slashed the GST rate on cancer drugs from 12% to 5% to ease the financial burden on patients. It also reduced GST on selected snacks and exempted research funds for universities. A GoM has been formed to explore reducing tax rates on life and health insurance, and another to address compensation cess. The council received status reports on rate rationalization, real estate, and online gaming. Car seat GST increased to 28%, while RMPU air conditioners for railways and approved flying training courses were exempted from GST. Derivatives: The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, fell 4.40% to 13.61. The Nifty 26 September 2024 futures were trading at 25,067.95, at a premium of 27.4 points as compared with the spot at 25,040.55. The Nifty option chain for the 26 September 2024 expiry showed maximum Call OI of 58.6 lakh contracts at the 25,000 strike price. Maximum Put OI of 98.1 lakh contracts were seen at 25,000 strike price. Buzzing Index: The Nifty Pharma index added 1.07% to 23,256.60. The index shed 0.15% in the past three consecutive trading sessions. Laurus Labs (up 3.86%), Divis Laboratories (up 3.45%), Gland Pharma (up 3%), Granules India (up 2.55%) and Ipca Laboratories (up 2.01%), Mankind Pharma (up 1.76%), Cipla (up 0.95%), Natco Pharma (up 0.94%), Glenmark Pharmaceuticals (up 0.93%) and Sun Pharmaceuticals Industries (up 0.9%) edged higher. Stocks in Spotlight : Dixon Technologies (India) rose 0.71%. The company's wholly owned subsidiary, Padget Electronics (Padget) has entered into an MOU with HP India Sales for manufacturing electronic gadgets. Under this agreement, Padget Eelectronics will manufacture notebooks, desktops, and all-in-one PCs. SEPC added 3.63% after the company announced that it has been awarded a work order for Rs 182.56 crore by the Executive Engineer, Irrigation Division, Government of Bihar. The project entails conducting a detailed survey and investigation, planning and designing, supplying materials, labor, equipment, and machinery, constructing, executing, and installing, testing, commissioning within 12 months, and providing a successful trial run for 3 months. AGS Transact Technologies rallied 2.59% after the company has implemented and commenced managing the prepaid card platform for 'XtraPower', the fuel and fleet management program of Indian Oil Corporation (IOCL). The company will received a fixed fee for these services, generating an estimated revenue of approximately Rs 58 crore over five years.Powered by Capital Market - Live

2 months agoCapital Market - Live
Spotlight
Dixon Tech gains after arm signs MoU with HP India

HP is a leading global provider of personal computing and other digital access devices, imaging and printing products, and related technologies solutions and services. Under this agreement, Padget Eelectronics will manufacture notebooks, desktops, and all-in-one PCs. Atul B Lall, vice chairman and managing director of Dixon Technologies (India), said, 'It gives us immense pleasure to partner with the iconic brand HP to manufacture PCs under PLI 2.0. HP is a leading global player in their field known for their technologically advanced products with a worldwide presence in more than 170 countries. We are sure that with HP's vision and rigorous industry-leading processes, combined with our expertise in manufacturing, we will be able to bring a range of HP personal systems to Indian customers.' Ipsita Dasgupta, managing director, HP India, said, 'We are excited to announce HP's partnership with Dixon Technologies to manufacture HP products under the Production Linked Incentive scheme (PLI 2.0). Today's announcement reaffirms HP's commitment and pride to participate in the Government's Make in India initiative. Through this partnership we look forward to offering our customers in India an enhanced portfolio of domestically manufactured products that combine HP's cutting-edge technology with Dixon's manufacturing expertise.' Dixon Technologies (India) transformed from being a manufacturer of electronic goods to leading multi-product corporation with widespread activities. The company is primarily engaged in the manufacturing of electronics as its core business activity. The company reported 107.91% surge in consolidated net profit to Rs 139.70 crore in Q1 FY25 from Rs 67.19 crore posted in Q1 FY24. Revenue from operations zoomed 101.12% year on year (YoY) to Rs 6,579.80 crore in the quarter ended 30 June 2024.Powered by Capital Market - Live

2 months agoCapital Market - Live
Spotlight
Dixon Technologies (India) Ltd Spurts 1.54%

Dixon Technologies (India) Ltd rose 1.54% today to trade at Rs 12577. The BSE Consumer Durables index is up 0.84% to quote at 64883.94. The index is up 11.12 % over last one month. Among the other constituents of the index, Kalyan Jewellers India Ltd increased 0.87% and Crompton Greaves Consumer Electricals Ltd added 0.73% on the day. The BSE Consumer Durables index went up 39.96 % over last one year compared to the 21.81% surge in benchmark SENSEX. Dixon Technologies (India) Ltd has added 7.3% over last one month compared to 11.12% gain in BSE Consumer Durables index and 2.59% rise in the SENSEX. On the BSE, 898 shares were traded in the counter so far compared with average daily volumes of 21033 shares in the past one month. The stock hit a record high of Rs 13633.35 on 26 Aug 2024. The stock hit a 52-week low of Rs 4738 on 25 Sep 2023.Powered by Capital Market - Live

2 months agoCapital Market - Live
Corporate
Dixon Technologies (India) schedules AGM

Dixon Technologies (India) announced that the Annual General Meeting (AGM) of the company will be held on 25 September 2024.Powered by Capital Market - Live

2 months agoCapital Market - Live