Dixon Technologies (India) Ltd
DIXONDixon Technologies (India) Ltd
DIXONPrice Chart
Scorecard
Performance
HighThe creamy layer - amongst the top performing stocks
Valuation
HighSeems to be overvalued vs the market average
Growth
AvgFinancials growth has been moderate for a few years
Profitability
HighShowing good signs of profitability & efficiency
Entry point
AvgThe stock is overpriced but is not in the overbought zone
Red flags
LowNo red flag found
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Key Metrics
No LabelNo Label | PB RatioPB Ratio | Dividend YieldDiv. Yield |
---|---|---|
132.77 | 54.84 | 0.03% |
Sector PESector PE | Sector PBSector PB | Sector Div YldSctr Div Yld |
---|---|---|
38.56 | 6.70 | 0.73% |
Forecast & Ratings
Detailed Forecast from 23 analysts
Price
Price Upside
Earnings
Earnings Growth
Revenue
Rev. Growth
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
View olderÂPeers
Compare with peersÂVoltas Ltd
Blue Star Ltd
Crompton Greaves Consumer Electricals Ltd
Whirlpool of India Ltd
Amber Enterprises India Ltd
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Forecasts
Price
Revenue
Earnings
Price Forecast
All values in ₹
All values in ₹
Revenue Forecast
All values in ₹ Thousand cr.
All values in ₹ Thousand cr.
Earnings Per Share Forecast
All values in ₹
All values in ₹
Income
Balance Sheet
Cash Flow
Income Statement
Financial Year | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | TTM | ||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Total Revenue | 1,402.88 | 2,458.44 | 2,845.80 | 2,990.08 | 4,405.32 | 6,449.75 | 10,700.89 | 12,199.24 | 17,723.70 | 27,835.94 | ||||||||||
Raw Materials | 1,228.44 | 2,205.61 | 2,545.36 | 2,594.61 | 3,913.34 | 5,753.41 | 9,889.66 | 11,015.17 | 16,142.42 | 26,548.99 | ||||||||||
Power & Fuel Cost | 8.68 | 10.97 | 14.47 | 18.38 | 22.20 | 26.39 | 40.41 | 47.33 | 65.79 | |||||||||||
Employee Cost | 54.96 | 63.91 | 72.75 | 83.87 | 117.96 | 137.07 | 197.79 | 251.67 | 332.67 | |||||||||||
Selling & Administrative Expenses | 7.67 | 20.27 | 18.72 | 24.82 | 22.98 | 37.02 | 45.85 | 50.59 | 54.94 | |||||||||||
Operating & Other expenses | 30.98 | 65.03 | 77.64 | 126.62 | 96.10 | 202.41 | 139.12 | 311.00 | 391.21 | |||||||||||
EBITDA | 72.15 | 92.65 | 116.86 | 141.78 | 232.74 | 293.45 | 388.06 | 523.48 | 736.67 | 1,286.95 | ||||||||||
Depreciation/Amortization | 8.44 | 10.71 | 15.18 | 21.65 | 36.53 | 43.72 | 83.95 | 114.63 | 161.88 | 212.24 | ||||||||||
PBIT | 63.71 | 81.94 | 101.68 | 120.13 | 196.21 | 249.73 | 304.11 | 408.85 | 574.79 | 1,074.71 | ||||||||||
Interest & Other Items | 13.11 | 15.54 | 13.45 | 26.32 | 39.44 | 32.72 | 49.40 | 64.07 | 80.96 | 110.82 | ||||||||||
PBT | 50.60 | 66.40 | 88.23 | 93.81 | 156.77 | 217.01 | 254.71 | 344.78 | 493.83 | 963.89 | ||||||||||
Taxes & Other Items | 8.03 | 18.82 | 27.33 | 30.46 | 36.27 | 57.21 | 64.54 | 89.26 | 126.08 | 248.75 | ||||||||||
Net Income | 42.57 | 47.58 | 60.90 | 63.35 | 120.50 | 159.80 | 190.17 | 255.52 | 367.75 | 715.14 | ||||||||||
EPS | 2.35 | 2.09 | 3.68 | 11.19 | 21.05 | 27.45 | 32.26 | 42.98 | 61.61 | 119.55 | ||||||||||
DPS | 1.07 | 1.20 | 0.40 | 0.40 | 0.80 | 1.00 | 2.00 | 3.00 | 5.00 | 5.00 | ||||||||||
Payout ratio | 0.46 | 0.57 | 0.11 | 0.04 | 0.04 | 0.04 | 0.06 | 0.07 | 0.08 | 0.04 |
Company Updates
Annual report
PDFAnnual report
PDFAnnual report
PDFAnnual report
PDFInvestor Presentation
Peers & Comparison
Consumer DiscretionaryHome Electronics & Appliances
Valuation
Technical
Forecast
Stock | PE RatioPE Ratio | PB RatioPB Ratio | Div. YieldDividend Yield |
---|---|---|---|
Dixon Technologies (India) Ltd | 258.19 | 54.84 | 0.03% |
Voltas Ltd | 217.73 | 9.37 | 0.33% |
Blue Star Ltd | 91.82 | 14.58 | 0.38% |
Crompton Greaves Consumer Electricals Ltd | 59.95 | 7.65 | 0.73% |
Price Comparison
Compare DIXON with any stock or ETFShareholdings
Promoter Holdings Trend
Total Promoter Holding
In last 6 months, promoter holding in the company has almost stayed constant
Low Pledged Promoter Holding
Pledged promoter holdings is insignificant
Institutional Holdings Trend
Total Retail Holding
In last 3 months, retail holding in the company has almost stayed constant
Increased Foreign Institutional Holding
In last 3 months, foreign institutional holding of the company has increased by 3.37%
Shareholding Pattern
Dec 2023
Mar 2024
Jun 2024
Sep 2024
Shareholding History
Mutual Funds Holding Trend
Decreased Mutual Fund Holding
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) | The rupee value of the stock held by the fund divided by the stock’s market cap Market-cap held | Percentage of the fund’s portfolio invested in the stock Weight | Change in the portfolio weight of the stock over the last 3 months 3M holding change | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months Portfolio rank(3M change) |
---|---|---|---|---|
Kotak Emerging Equity Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 1.1183% | Percentage of the fund’s portfolio invested in the stock 2.10% | Change in the portfolio weight of the stock over the last 3 months 0.26% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 46/75 (-6) |
HDFC Mid-Cap Opportunities Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 1.0382% | Percentage of the fund’s portfolio invested in the stock 1.31% | Change in the portfolio weight of the stock over the last 3 months -0.33% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 38/79 (-16) |
Canara Robeco Emerging Equities - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.9636% | Percentage of the fund’s portfolio invested in the stock 3.80% | Change in the portfolio weight of the stock over the last 3 months 0.88% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 51/96 (+1) |
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Events
Dividend Trend
Increasing Dividends
DIXON has increased dividends consistently over the last 5 years
Dividend Yield
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
Dividend/Share
₹5.00
Ex DateEx Date
Sep 17, 2024
Cash Dividend
Ex DateEx DateSep 22, 2023
Dividend/Share
₹3.00
Ex DateEx Date
Sep 22, 2023
Cash Dividend
Ex DateEx DateAug 11, 2022
Dividend/Share
₹2.00
Ex DateEx Date
Aug 11, 2022
Cash Dividend
Ex DateEx DateSep 20, 2021
Dividend/Share
₹1.00
Ex DateEx Date
Sep 20, 2021
Cash Dividend
Ex DateEx DateMar 24, 2020
Dividend/Share
₹4.00
Ex DateEx Date
Mar 24, 2020
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
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
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
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
Dixon Technologies (India) will hold a meeting of the Board of Directors of the Company on 24 October 2024.Powered by Capital Market - Live
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
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
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
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
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
Higher than Industry Revenue Growth
Over the last 5 years, revenue has grown at a yearly rate of 42.75%, vs industry avg of 11.46%
Increasing Market Share
Over the last 5 years, market share increased from 5.85% to 19.47%
Higher than Industry Net Income
Over the last 5 years, net income has grown at a yearly rate of 42.15%, vs industry avg of 0.48%