Dixon Technologies (India) Ltd.

•

dixoninfo.comBSE: 540699NSE: DIXON

Market Cap₹ 81,999 Cr.

Current Price

High / Low₹ 18,471 / 9,600

Stock P/E43.7

Book Value₹ 858

Price to Book12.95

Dividend Yield0.07 %

ROCE52.9 %

ROE44.2 %

Face Value₹ 2

Add ratio to table

ABOUT

KEY POINTS

Revenue Breakup Mar 2019 • Other Electronics: 72.0% • Washing Machine: 12.0% • Mobiles: 11.3%

AI Sector View

AI GENERATED

Consumer Durables

Buy

Urban discretionary demand is mixed but investable. Credit card transactions rose 27.0% YoY (2026-06), urban CMIE sentiment was 109.5 (2026-07), and consumer spending remained large at INR 44743 billion (Jun/26), even though formal consumer confidence fell to 88.3 points (Jul/26) and debit card transactions were -9.0% YoY (2026-06). Heavy sector inflows of INR 13175 crore over 3 months to 2026-08-31 indicate strong investor positioning behind the theme.

Confidence

76%

View full sector analysis →

PROS

Company has delivered good profit growth of 59.4% CAGR over last 5 years
Company has a healthy return on capital (ROCE) of 52.0%
Company has a good return on equity (ROE) track record: 3 Years ROE 41.1%
Company has consistently been profitable over the last 5 years
Latest quarter profit grew 156.3% YoY, showing strong momentum
Company has delivered good sales growth of 49.9% CAGR over last 5 years

CONS

A large part of profit comes from other income (34.4% of PBT)
Promoter holding has decreased over last 2 years: -4.7pp
Total debt has risen sharply - up 131.1% year on year
Stock is trading at 12.9x its book value
Though reporting repeated profits, the company pays out little dividend (4.2%)

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

Consumer DurablesConsumer DurablesConsumer Durables - Electronics

Part ofNIFTY 500 NIFTY CONSUMPTION NIFTY LARGEMID250 NIFTYLARGEMIDCAP250 NIFTY MIDCAP 100

S.No.	Name
1.	LGEINDIA	1650.00	61.38	111997.44	0.00	6528.63	1172.01	72333.50	1054.95	34.39	12.50
2.	DIXON	13405.00	43.68	81999.17	0.07	717.83	156.35	15547.66	21.13	52.92	3.03
3.	IFBIND	1278.30	32.28	5179.52	0.00	43.05	64.56	1584.74	18.41	22.30	5.63
4.	ONIDA	33.03	0.00	1220.55	0.00	-141.80	-1035.31	1824.10	1195.07	-21.66	-6.27
5.	WEL	74.26	83.08	995.14	0.00	3.97	258.63	233.56	50.93	18.31	3.89
6.	ELIN	92.70	0.00	460.80	0.00	-21.41	-328.00	362.80	25.64	6.56	1.10
7.	KHAITANLTD	159.10	12.49	75.57	0.00	24.37	3077.31	414.53	2217.62	27.75	6.44

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	3,272	4,943	4,818	4,658	6,580	11,534	10,454	10,293	12,836	14,855	10,672	10,511	15,548
	3,140	4,744	4,634	4,476	6,332	11,108	10,063	9,850	12,353	14,294	10,257	10,102	15,216
Operating Profit	132	199	184	182	248	426	391	443	482	561	414	408	332
OPM %	4.03%	4.02%	3.83%	3.92%	3.77%	3.70%	3.74%	4.30%	3.76%	3.78%	3.88%	3.89%	2.14%
	3	1	2	17	8	204	6	262	2	496	131	84	528
Interest	14	17	22	21	29	38	41	46	33	38	43	24	24
Depreciation	34	36	41	51	55	66	75	86	93	96	99	105	107
Profit before Tax	87	146	124	127	172	526	282	572	359	922	404	364	869
Tax %	26.26%	24.08%	23.16%	25.42%	23.23%	22.27%	24.47%	19.41%	23.83%	19.28%	22.56%	19.72%	17.39%
Net Profit	0	0	0	0	140	412	216	465	280	746	321	298	718
	11.28	19.04	16.29	16.31	23.35	68.82	36.12	77.59	46.47	123.60	53.06	49.22	118.00

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	2,457	2,842	2,984	4,400	6,448	10,697	12,192	17,691	38,860	48,873	51,585
	2,366	2,729	2,848	4,173	6,156	10,313	11,676	16,987	37,345	47,003	49,869
Operating Profit	91	113	136	228	292	384	516	704	1,515	1,870	1,716
OPM %	3.71%	3.97%	4.56%	5.17%	4.53%	3.59%	4.23%	3.98%	3.90%	3.83%	3.33%
	1	4	6	5	2	4	6	23	480	713	1,240
Interest	16	13	26	39	33	49	64	81	162	141	129
Depreciation	11	15	22	37	44	84	115	162	281	393	407
Profit before Tax	66	88	94	157	217	255	345	494	1,570	2,071	2,559
Tax %	28.34%	30.98%	32.46%	23.13%	26.36%	25.28%	26.02%	24.08%	21.48%	20.59%	19.22%
Net Profit	48	61	63	121	160	190	255	375	1,233	1,644	2,067
EPS	43.64	0.00	55.14	20.54	26.87	32.00	42.62	61.50	181.83	236.62	—
Dividend Payout %	13.86%	3.72%	3.57%	3.84%	3.66%	6.24%	6.99%	8.13%	4.40%	4.23%	—

COMPOUNDED SALES GROWTH

10 Years:: 43%
5 Years:: 50%
3 Years:: 59%

COMPOUNDED PROFIT GROWTH

10 Years:: 49%
5 Years:: 55%
3 Years:: 78%

STOCK PRICE CAGR

10 Years:: —
5 Years:: 25%
3 Years:: 39%
1 Year:: -26%

RETURN ON EQUITY

10 Years:: 29%
5 Years:: 34%
3 Years:: 41%
Last Year:: 44%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	11	11	11	12	12	12	12	12	12	12
Minority Interest	0	0	0	0	0	1	-0	28	459	710
	186	304	364	525	717	974	1,256	1,664	2,893	4,528
	43	41	300	176	287	670	452	494	576	1,050
Trade Payables	503	515	740	939	1,710	2,314	2,452	4,060	10,884	10,722
	45	95	76	45	121	307	508	732	1,933	2,130
Total Liabilities	788	966	1,491	1,697	2,846	4,277	4,679	6,990	16,758	19,152
	137	179	241	414	550	1,003	1,244	1,996	2,774	4,172
Capital Work in Progress	2	13	19	10	72	22	120	64	256	571
	0	11	8	0	95	141	44	20	536	1,007
	282	322	408	498	743	1,156	958	1,695	3,992	3,837
	0	0	0	0	0	0	0	2,318	6,965	6,530
Cash & Bank	15	44	37	100	69	182	229	209	264	941
	352	396	778	675	1,316	1,773	2,085	687	1,971	2,095
Total Assets	788	966	1,491	1,697	2,846	4,277	4,679	6,990	16,758	19,152

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	68	88	15	280	225	327	808	584	1,150	1,782
Cash from Investing	-43	-100	-64	-99	-265	-464	-356	-531	-1,229	-1,251
Cash from Financing	-8	42	69	-57	63	304	-330	-70	-27	-108
	1	10	2	81	-32	113	41	-17	-106	424

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026

Shareholding Pattern

Numbers in percentages

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	33.24	32.89	32.42	32.27	28.95	28.92	28.83	28.68	28.55
	19.33	22.69	23.22	21.81	20.55	20.69	18.68	18.30	17.87
	26.08	23.14	22.61	23.07	26.68	28.93	29.06	28.14	28.38
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	21.35	21.28	21.74	22.85	23.81	21.45	23.43	24.87	25.19

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-09-11

Analysts/Institutional Investor Meet/Con. Call Updates

2026-09-11 - Dixon Technologies (India) Limited has informed the Exchange about Outcome of Analyst/ Institutional Investors Meet

2026-09-09

Analysts/Institutional Investor Meet/Con. Call Updates

2026-09-09 - Dixon Technologies (India) Limited has informed the Exchange about Schedule of meet

2026-09-09

Analysts/Institutional Investor Meet/Con. Call Updates

2026-09-09 - Dixon Technologies (India) Limited has informed the Exchange about Outcome of Analyst/ Institutional Investors Meet

2026-09-04

Copy of Newspaper Publication

2026-09-04 - Dixon Technologies (India) Limited has informed the Exchange about Copy of Newspaper Publication of Notice to the Members of the 33rd Annual General Meeting of the Company and Remote E-voting Information

2026-09-03

General Updates

2026-09-03 - Business Responsibility and Sustainability Report - FY 2025-26

2026-09-03

Record Date

2026-09-03 - Dixon Technologies (India) Limited has informed the Exchange that Record date for the purpose of Dividend is 21-Sep-2026.

2026-09-03

Shareholders meeting

2026-09-03 - Shareholder Meeting- 33rd Annual General Meeting of Dixon Technologies (India) Limited on 28th September, 2026

2026-09-02

ESOP/ESOS/ESPS

2026-09-02 - Dixon Technologies (India) Limited has informed the Exchange regarding Allotment of 28455 Shares.

2026-09-02

Analysts/Institutional Investor Meet/Con. Call Updates

2026-09-02 - Dixon Technologies (India) Limited has informed the Exchange about Outcome of Analyst or Institutional Investor Meet

News

Recent coverage and analyst commentary for DIXON

Loading news…

🤖

AI Stock Analyst

Dixon Technologies (India) Ltd.

🔒

Sign in to Chat with AI

✨ Sign In to Chat

Free 5nance Account

Name

LGEINDIA

1650.00

61.38

111997.44

0.00

6528.63

1172.01

72333.50

1054.95

34.39

12.50

DIXON

13405.00

43.68

81999.17

0.07

717.83

156.35

15547.66

21.13

52.92

3.03

IFBIND

1278.30

32.28

5179.52

0.00

43.05

64.56

1584.74

18.41

22.30

5.63

ONIDA

33.03

0.00

1220.55

0.00

-141.80

-1035.31

1824.10

1195.07

-21.66

-6.27

WEL

74.26

83.08

995.14

0.00

3.97

258.63

233.56

50.93

18.31

3.89

ELIN

92.70

0.00

460.80

0.00

-21.41

-328.00

362.80

25.64

6.56

1.10

KHAITANLTD

159.10

12.49

75.57

0.00

24.37

3077.31

414.53

2217.62

27.75

6.44

Jun 2023

Sep 2023

Dec 2023

Mar 2024

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

3,272

4,943

4,818

4,658

6,580

11,534

10,454

10,293

12,836

14,855

10,672

10,511

15,548

3,140

4,744

4,634

4,476

6,332

11,108

10,063

9,850

12,353

14,294

10,257

10,102

15,216

Operating Profit

132

199

184

182

248

426

391

443

482

561

414

408

332

OPM %

4.03%

4.02%

3.83%

3.92%

3.77%

3.70%

3.74%

4.30%

3.76%

3.78%

3.88%

3.89%

2.14%

204

262

496

131

528

Interest

Depreciation

105

107

Profit before Tax

146

124

127

172

526

282

572

359

922

404

364

869

Tax %

26.26%

24.08%

23.16%

25.42%

23.23%

22.27%

24.47%

19.41%

23.83%

19.28%

22.56%

19.72%

17.39%

Net Profit

140

412

216

465

280

746

321

298

718

11.28

19.04

16.29

16.31

23.35

68.82

36.12

77.59

46.47

123.60

53.06

49.22

118.00

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

TTM

2,457

2,842

2,984

4,400

6,448

10,697

12,192

17,691

38,860

48,873

51,585

2,366

2,729

2,848

4,173

6,156

10,313

11,676

16,987

37,345

47,003

49,869

Operating Profit

113

136

228

292

384

516

704

1,515

1,870

1,716

OPM %

3.71%

3.97%

4.56%

5.17%

4.53%

3.59%

4.23%

3.98%

3.90%

3.83%

3.33%

480

713

1,240

Interest

162

141

129

Depreciation

115

162

281

393

407

Profit before Tax

157

217

255

345

494

1,570

2,071

2,559

Tax %

28.34%

30.98%

32.46%

23.13%

26.36%

25.28%

26.02%

24.08%

21.48%

20.59%

19.22%

Net Profit

121

160

190

255

375

1,233

1,644

2,067

EPS

43.64

0.00

55.14

20.54

26.87

32.00

42.62

61.50

181.83

236.62

—

Dividend Payout %

13.86%

3.72%

3.57%

3.84%

3.66%

6.24%

6.99%

8.13%

4.40%

4.23%

—

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Equity Capital

Minority Interest

-0

459

710

186

304

364

525

717

974

1,256

1,664

2,893

4,528

300

176

287

670

452

494

576

1,050

Trade Payables

503

515

740

939

1,710

2,314

2,452

4,060

10,884

10,722

121

307

508

732

1,933

2,130

Total Liabilities

788

966

1,491

1,697

2,846

4,277

4,679

6,990

16,758

19,152

137

179

241

414

550

1,003

1,244

1,996

2,774

4,172

Capital Work in Progress

120

256

571

141

536

1,007

282

322

408

498

743

1,156

958

1,695

3,992

3,837

2,318

6,965

6,530

Cash & Bank

100

182

229

209

264

941

352

396

778

675

1,316

1,773

2,085

687

1,971

2,095

Total Assets

788

966

1,491

1,697

2,846

4,277

4,679

6,990

16,758

19,152

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

280

225

327

808

584

1,150

1,782

Cash from Investing

-43

-100

-64

-99

-265

-464

-356

-531

-1,229

-1,251

Cash from Financing

-8

-57

304

-330

-70

-27

-108

-32

113

-17

-106

424

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

33.24

32.89

32.42

32.27

28.95

28.92

28.83

28.68

28.55

19.33

22.69

23.22

21.81

20.55

20.69

18.68

18.30

17.87

26.08

23.14

22.61

23.07

26.68

28.93

29.06

28.14

28.38

Government

0.00

21.35

21.28

21.74

22.85

23.81

21.45

23.43

24.87

25.19

Dixon Technologies (India) Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI

Dixon Technologies (India) Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI