Dixon Technologies (India) Ltd: Intrinsic Value & Share Price Analysis

Share Price and Basic Stock Data

Last Updated: February 25, 2026, 8:17 pm

Market Cap	63,172 Cr.
Current Price	10,388
Intrinsic Value	₹12,158.23
High / Low	18,472/9,828
Stock P/E	44.8
Book Value	670
Dividend Yield	0.08 %
ROCE	40.0 %
ROE	32.8 %
Face Value	2.00
PEG Ratio	0.86

Stock P/E, Current Price, and Intrinsic Value Over Time

Stock P/E Current Price Intrinsic Value

View Share Price Target for Dixon Technologies (India) Ltd

Competitors

Stock Name ⇩	Market Cap ⇩	Current Price ⇩	High / Low ⇩	Stock P/E ⇩	Book Value ⇩	Dividend Yield ⇩	ROCE ⇩	ROE ⇩	Face Value ⇩
Misquita Engineering Ltd	53.4 Cr.	114	142/78.1	314	30.6	0.00 %	1.86 %	1.92 %	10.0
IKIO Lighting Ltd	1,104 Cr.	143	304/142	58.1	74.5	0.00 %	8.22 %	5.55 %	10.0
Epack Durable Ltd	2,395 Cr.	249	421/216	58.5	99.4	0.00 %	9.70 %	5.98 %	10.0
Elin Electronics Ltd	653 Cr.	131	234/108	15.8	112	0.00 %	6.97 %	4.38 %	5.00
CWD Ltd	664 Cr.	299	425/162	77.9	47.9	0.00 %	9.51 %	5.78 %	10.0
Industry Average	14,959.00 Cr	983.99		64.95	124.51	0.20%	14.89%	11.51%	6.44

All Competitor Stocks of Dixon Technologies (India) Ltd

Quarterly Result

Metric	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025
Sales	2,405	3,065	3,272	4,943	4,818	4,658	6,580	11,534	10,454	10,293	12,836	14,855	10,672
Expenses	2,294	2,909	3,140	4,744	4,634	4,476	6,332	11,108	10,063	9,850	12,353	14,294	10,257
Operating Profit	111	156	132	199	184	182	248	426	391	443	482	561	414
OPM %	5%	5%	4%	4%	4%	4%	4%	4%	4%	4%	4%	4%	4%
Other Income	4	3	6	3	4	19	16	206	10	265	8	497	139
Interest	15	15	14	17	22	21	29	38	41	46	33	38	43
Depreciation	29	32	34	36	41	51	55	66	75	86	93	96	99
Profit before tax	70	112	90	149	126	130	180	529	285	576	366	924	412
Tax %	26%	28%	25%	24%	23%	25%	22%	22%	24%	19%	23%	19%	22%
Net Profit	52	81	67	113	97	97	140	412	216	465	280	746	321
EPS in Rs	8.72	13.54	11.55	18.02	16.12	15.91	22.34	65.15	28.50	66.54	37.20	110.72	47.34

Last Updated: February 6, 2026, 11:17 pm

Below is a detailed analysis of the quarterly data for Dixon Technologies (India) Ltd based on the most recent figures (Dec 2025) and their trends compared to the previous period:

For Sales, as of Dec 2025, the value is 10,672.00 Cr.. The value appears to be declining and may need further review. It has decreased from 14,855.00 Cr. (Sep 2025) to 10,672.00 Cr., marking a decrease of 4,183.00 Cr..
For Expenses, as of Dec 2025, the value is 10,257.00 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 14,294.00 Cr. (Sep 2025) to 10,257.00 Cr., marking a decrease of 4,037.00 Cr..
For Operating Profit, as of Dec 2025, the value is 414.00 Cr.. The value appears to be declining and may need further review. It has decreased from 561.00 Cr. (Sep 2025) to 414.00 Cr., marking a decrease of 147.00 Cr..
For OPM %, as of Dec 2025, the value is 4.00%. The value remains steady. There is no change compared to the previous period (Sep 2025) which recorded 4.00%.
For Other Income, as of Dec 2025, the value is 139.00 Cr.. The value appears to be declining and may need further review. It has decreased from 497.00 Cr. (Sep 2025) to 139.00 Cr., marking a decrease of 358.00 Cr..
For Interest, as of Dec 2025, the value is 43.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 38.00 Cr. (Sep 2025) to 43.00 Cr., marking an increase of 5.00 Cr..
For Depreciation, as of Dec 2025, the value is 99.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 96.00 Cr. (Sep 2025) to 99.00 Cr., marking an increase of 3.00 Cr..
For Profit before tax, as of Dec 2025, the value is 412.00 Cr.. The value appears to be declining and may need further review. It has decreased from 924.00 Cr. (Sep 2025) to 412.00 Cr., marking a decrease of 512.00 Cr..
For Tax %, as of Dec 2025, the value is 22.00%. The value appears to be increasing, which may not be favorable. It has increased from 19.00% (Sep 2025) to 22.00%, marking an increase of 3.00%.
For Net Profit, as of Dec 2025, the value is 321.00 Cr.. The value appears to be declining and may need further review. It has decreased from 746.00 Cr. (Sep 2025) to 321.00 Cr., marking a decrease of 425.00 Cr..
For EPS in Rs, as of Dec 2025, the value is 47.34. The value appears to be declining and may need further review. It has decreased from 110.72 (Sep 2025) to 47.34, marking a decrease of 63.38.

Overall, while many items appear to show a positive trend, any significant downward movement warrant further investigation.

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 18, 2026, 1:15 pm

Metric	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Sales	1,094	1,201	1,389	2,457	2,842	2,984	4,400	6,448	10,697	12,192	17,691	38,860	48,655
Expenses	1,067	1,169	1,340	2,365	2,729	2,848	4,172	6,156	10,313	11,673	16,986	37,345	46,754
Operating Profit	26	32	49	92	113	136	228	292	384	519	705	1,515	1,901
OPM %	2%	3%	4%	4%	4%	5%	5%	5%	4%	4%	4%	4%	4%
Other Income	8	2	23	1	4	6	5	1	4	4	32	497	910
Interest	11	10	13	16	13	26	39	33	49	64	81	162	160
Depreciation	5	7	8	11	15	22	37	44	84	115	162	281	374
Profit before tax	18	17	51	66	88	94	157	217	255	345	494	1,570	2,277
Tax %	19%	24%	16%	28%	31%	32%	23%	26%	25%	26%	24%	21%
Net Profit	14	13	43	48	61	63	120	160	190	255	375	1,233	1,811
EPS in Rs	8.72	7.65	27.46	8.66	10.76	11.19	20.81	27.28	32.05	42.90	61.47	181.87	261.80
Dividend Payout %	2%	3%	9%	14%	4%	4%	4%	4%	6%	7%	8%	4%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2014-2015	2015-2016	2016-2017	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024	2024-2025
YoY Net Profit Growth (%)	-7.14%	230.77%	11.63%	27.08%	3.28%	90.48%	33.33%	18.75%	34.21%	47.06%	228.80%
Change in YoY Net Profit Growth (%)	0.00%	237.91%	-219.14%	15.46%	-23.80%	87.20%	-57.14%	-14.58%	15.46%	12.85%	181.74%

Dixon Technologies (India) Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:	42%
5 Years:	55%
3 Years:	54%
TTM:	115%

Compounded Profit Growth
10 Years:	52%
5 Years:	45%
3 Years:	60%
TTM:	98%

Stock Price CAGR
10 Years:	%
5 Years:	60%
3 Years:	62%
1 Year:	40%

Return on Equity
10 Years:	27%
5 Years:	27%
3 Years:	28%
Last Year:	33%

Last Updated: September 4, 2025, 9:35 pm

Balance Sheet

Last Updated: December 4, 2025, 12:51 am

Month	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Sep 2025
Equity Capital	3	3	3	11	11	11	12	12	12	12	12	12	12
Reserves	71	82	120	186	304	367	530	726	985	1,273	1,683	2,998	4,052
Borrowings	94	82	80	43	45	141	87	295	667	453	489	671	1,389
Other Liabilities	124	157	215	549	606	971	1,069	1,814	2,613	2,941	4,806	13,077	14,197
Total Liabilities	291	324	417	789	966	1,491	1,697	2,846	4,277	4,679	6,990	16,758	19,651
Fixed Assets	84	97	124	137	179	241	414	550	1,003	1,244	1,996	2,774	4,019
CWIP	0	0	0	2	16	19	10	72	22	120	68	257	331
Investments	6	6	0	0	11	8	0	95	141	44	20	536	1,151
Other Assets	201	221	294	650	759	1,224	1,273	2,128	3,111	3,272	4,905	13,191	14,149
Total Assets	291	324	417	789	966	1,491	1,697	2,846	4,277	4,679	6,990	16,758	19,651

Below is a detailed analysis of the balance sheet data for Dixon Technologies (India) Ltd based on the most recent figures (Sep 2025) and their trends compared to the previous period:

For Equity Capital, as of Sep 2025, the value is 12.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2025) which recorded 12.00 Cr..
For Reserves, as of Sep 2025, the value is 4,052.00 Cr.. The value appears strong and on an upward trend. It has increased from 2,998.00 Cr. (Mar 2025) to 4,052.00 Cr., marking an increase of 1,054.00 Cr..
For Borrowings, as of Sep 2025, the value is 1,389.00 Cr.. The value appears to be increasing, which may not be favorable. Additionally, since Reserves exceed Borrowings, this is considered a positive sign. It has increased from 671.00 Cr. (Mar 2025) to 1,389.00 Cr., marking an increase of 718.00 Cr..
For Other Liabilities, as of Sep 2025, the value is 14,197.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 13,077.00 Cr. (Mar 2025) to 14,197.00 Cr., marking an increase of 1,120.00 Cr..
For Total Liabilities, as of Sep 2025, the value is 19,651.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 16,758.00 Cr. (Mar 2025) to 19,651.00 Cr., marking an increase of 2,893.00 Cr..
For Fixed Assets, as of Sep 2025, the value is 4,019.00 Cr.. The value appears strong and on an upward trend. It has increased from 2,774.00 Cr. (Mar 2025) to 4,019.00 Cr., marking an increase of 1,245.00 Cr..
For CWIP, as of Sep 2025, the value is 331.00 Cr.. The value appears strong and on an upward trend. It has increased from 257.00 Cr. (Mar 2025) to 331.00 Cr., marking an increase of 74.00 Cr..
For Investments, as of Sep 2025, the value is 1,151.00 Cr.. The value appears strong and on an upward trend. It has increased from 536.00 Cr. (Mar 2025) to 1,151.00 Cr., marking an increase of 615.00 Cr..
For Other Assets, as of Sep 2025, the value is 14,149.00 Cr.. The value appears strong and on an upward trend. It has increased from 13,191.00 Cr. (Mar 2025) to 14,149.00 Cr., marking an increase of 958.00 Cr..
For Total Assets, as of Sep 2025, the value is 19,651.00 Cr.. The value appears strong and on an upward trend. It has increased from 16,758.00 Cr. (Mar 2025) to 19,651.00 Cr., marking an increase of 2,893.00 Cr..

Notably, the Reserves (4,052.00 Cr.) exceed the Borrowings (1,389.00 Cr.), indicating a solid financial buffer.

Overall, while many items appear to show a positive trend, any significant downward movement or items where Borrowings exceed Reserves warrant further investigation.

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operating Activity +	10	44	42	53	68	-3	237	170	273	726	584	1,150
Cash from Investing Activity +	1	-22	-22	-43	-100	-64	-99	-265	-464	-356	-531	-1,093
Cash from Financing Activity +	-13	-22	-20	-8	42	69	-57	63	304	-330	-70	-27
Net Cash Flow	-1	-0	1	1	10	2	81	-32	113	41	-17	30

Free Cash Flow

Month	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Free Cash Flow	-68.00	-50.00	-31.00	49.00	68.00	-5.00	141.00	-3.00	-283.00	66.00	216.00	-670.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

Month	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Debtor Days	15	17	23	42	38	63	43	62	46	51	48	65
Inventory Days	34	38	41	47	47	57	47	47	43	32	39	41
Days Payable	36	46	56	84	75	103	89	108	86	81	92	111
Cash Conversion Cycle	13	9	8	5	10	17	1	1	3	2	-6	-5
Working Capital Days	22	16	8	7	8	12	9	9	3	-2	-2	2
ROCE %	18%	16%	29%	37%	34%	27%	34%	30%	23%	24%	29%	40%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025
Promoters	34.05%	34.04%	33.80%	33.63%	33.44%	33.24%	32.89%	32.42%	32.27%	28.95%	28.92%	28.83%
FIIs	12.04%	15.00%	15.66%	17.41%	17.85%	19.33%	22.69%	23.22%	21.81%	20.55%	20.69%	18.68%
DIIs	23.76%	24.61%	27.44%	26.39%	27.01%	26.08%	23.14%	22.61%	23.07%	26.68%	28.93%	29.06%
Public	30.13%	26.36%	23.11%	22.58%	21.71%	21.34%	21.27%	21.73%	22.86%	23.81%	21.45%	23.43%
No. of Shareholders	3,67,727	3,15,683	2,85,566	2,67,536	2,52,843	2,67,314	2,85,363	3,20,193	3,75,630	4,08,369	3,41,162	4,05,075

Shareholding Pattern Chart

No. of Shareholders

Dixon Technologies (India) Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund Name	No of Shares	AUM (%)	Amount Invested (Cr)	Previous Number of Shares	Previous Date	Percentage Change
Motilal Oswal Midcap Fund	1,497,807	4.54	1564.61	2,100,000	2026-02-23 00:28:03	-28.68%
Kotak Midcap Fund	1,103,948	1.95	1153.18	N/A	N/A	N/A
UTI Flexi Cap Fund	575,000	2.55	600.65	525,250	2026-02-23 00:28:03	9.47%
HDFC Mid Cap Fund	514,290	0.58	537.23	N/A	N/A	N/A
Canara Robeco Large and Mid Cap Fund	511,809	2.17	534.64	N/A	N/A	N/A
Nippon India Growth Mid Cap Fund	450,000	1.13	470.07	N/A	N/A	N/A
Nippon India Small Cap Fund	350,144	0.56	365.76	549,728	2025-12-08 06:33:29	-36.31%
DSP Mid Cap Fund	301,347	1.65	314.79	374,488	2025-12-08 06:33:29	-19.53%
Nippon India Multi Cap Fund	250,000	0.54	261.15	N/A	N/A	N/A
Mirae Asset Midcap Fund	212,999	1.26	222.5	N/A	N/A	N/A

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 25	Mar 24	Mar 23	Mar 22	Mar 21
FaceValue	2.00	2.00	2.00	2.00	2.00
Basic EPS (Rs.)	205.70	62.84	42.92	32.31	27.49
Diluted EPS (Rs.)	202.58	62.46	42.92	32.00	26.87
Cash EPS (Rs.)	248.34	88.05	61.81	46.22	34.75
Book Value[Excl.RevalReserv]/Share (Rs.)	499.62	283.42	215.72	168.04	125.89
Book Value[Incl.RevalReserv]/Share (Rs.)	499.62	283.42	215.72	168.04	125.89
Revenue From Operations / Share (Rs.)	6449.81	2958.34	2047.36	1802.37	1100.94
PBDIT / Share (Rs.)	253.58	120.43	87.05	64.52	49.20
PBIT / Share (Rs.)	206.94	93.36	67.80	50.37	41.74
PBT / Share (Rs.)	257.66	80.87	57.63	42.93	37.05
Net Profit / Share (Rs.)	201.69	60.98	42.56	32.08	27.28
NP After MI And SOA / Share (Rs.)	181.83	61.50	42.91	32.04	27.28
PBDIT Margin (%)	3.93	4.07	4.25	3.57	4.46
PBIT Margin (%)	3.20	3.15	3.31	2.79	3.79
PBT Margin (%)	3.99	2.73	2.81	2.38	3.36
Net Profit Margin (%)	3.12	2.06	2.07	1.77	2.47
NP After MI And SOA Margin (%)	2.81	2.07	2.09	1.77	2.47
Return on Networth / Equity (%)	36.39	21.69	19.88	19.07	21.67
Return on Capital Employeed (%)	29.88	24.70	23.22	19.39	25.07
Return On Assets (%)	6.53	5.25	5.46	4.44	5.61
Long Term Debt / Equity (X)	0.02	0.06	0.10	0.29	0.10
Total Debt / Equity (X)	0.06	0.09	0.13	0.45	0.20
Asset Turnover Ratio (%)	3.27	3.03	2.72	2.69	2.76
Current Ratio (X)	1.04	1.02	1.07	1.15	1.17
Quick Ratio (X)	0.72	0.66	0.74	0.72	0.77
Inventory Turnover Ratio (X)	13.67	13.34	10.42	9.71	9.61
Dividend Payout Ratio (NP) (%)	3.00	4.85	4.65	3.08	0.00
Dividend Payout Ratio (CP) (%)	2.39	3.37	3.21	2.13	0.00
Earning Retention Ratio (%)	97.00	95.15	95.35	96.92	0.00
Cash Earning Retention Ratio (%)	97.61	96.63	96.79	97.87	0.00
Interest Coverage Ratio (X)	9.90	9.64	8.56	8.66	10.50
Interest Coverage Ratio (Post Tax) (X)	5.89	5.88	5.18	5.31	6.82
Enterprise Value (Cr.)	79804.67	44715.23	16993.99	25862.88	21577.43
EV / Net Operating Revenue (X)	2.05	2.53	1.39	2.42	3.35
EV / EBITDA (X)	52.23	62.09	32.78	67.54	74.88
MarketCap / Net Operating Revenue (X)	2.04	2.53	1.40	2.39	3.33
Retention Ratios (%)	96.99	95.14	95.34	96.91	0.00
Price / BV (X)	26.38	26.40	13.26	25.67	29.15
Price / Net Operating Revenue (X)	2.04	2.53	1.40	2.39	3.33
EarningsYield	0.01	0.01	0.01	0.01	0.01

After reviewing the key financial ratios for Dixon Technologies (India) Ltd, here is a detailed analysis based on the latest available data and recent trends:

For FaceValue, as of Mar 25, the value is 2.00. This value is within the healthy range. There is no change compared to the previous period (Mar 24) which recorded 2.00.
For Basic EPS (Rs.), as of Mar 25, the value is 205.70. This value is within the healthy range. It has increased from 62.84 (Mar 24) to 205.70, marking an increase of 142.86.
For Diluted EPS (Rs.), as of Mar 25, the value is 202.58. This value is within the healthy range. It has increased from 62.46 (Mar 24) to 202.58, marking an increase of 140.12.
For Cash EPS (Rs.), as of Mar 25, the value is 248.34. This value is within the healthy range. It has increased from 88.05 (Mar 24) to 248.34, marking an increase of 160.29.
For Book Value[Excl.RevalReserv]/Share (Rs.), as of Mar 25, the value is 499.62. It has increased from 283.42 (Mar 24) to 499.62, marking an increase of 216.20.
For Book Value[Incl.RevalReserv]/Share (Rs.), as of Mar 25, the value is 499.62. It has increased from 283.42 (Mar 24) to 499.62, marking an increase of 216.20.
For Revenue From Operations / Share (Rs.), as of Mar 25, the value is 6,449.81. It has increased from 2,958.34 (Mar 24) to 6,449.81, marking an increase of 3,491.47.
For PBDIT / Share (Rs.), as of Mar 25, the value is 253.58. This value is within the healthy range. It has increased from 120.43 (Mar 24) to 253.58, marking an increase of 133.15.
For PBIT / Share (Rs.), as of Mar 25, the value is 206.94. This value is within the healthy range. It has increased from 93.36 (Mar 24) to 206.94, marking an increase of 113.58.
For PBT / Share (Rs.), as of Mar 25, the value is 257.66. This value is within the healthy range. It has increased from 80.87 (Mar 24) to 257.66, marking an increase of 176.79.
For Net Profit / Share (Rs.), as of Mar 25, the value is 201.69. This value is within the healthy range. It has increased from 60.98 (Mar 24) to 201.69, marking an increase of 140.71.
For NP After MI And SOA / Share (Rs.), as of Mar 25, the value is 181.83. This value is within the healthy range. It has increased from 61.50 (Mar 24) to 181.83, marking an increase of 120.33.
For PBDIT Margin (%), as of Mar 25, the value is 3.93. This value is below the healthy minimum of 10. It has decreased from 4.07 (Mar 24) to 3.93, marking a decrease of 0.14.
For PBIT Margin (%), as of Mar 25, the value is 3.20. This value is below the healthy minimum of 10. It has increased from 3.15 (Mar 24) to 3.20, marking an increase of 0.05.
For PBT Margin (%), as of Mar 25, the value is 3.99. This value is below the healthy minimum of 10. It has increased from 2.73 (Mar 24) to 3.99, marking an increase of 1.26.
For Net Profit Margin (%), as of Mar 25, the value is 3.12. This value is below the healthy minimum of 5. It has increased from 2.06 (Mar 24) to 3.12, marking an increase of 1.06.
For NP After MI And SOA Margin (%), as of Mar 25, the value is 2.81. This value is below the healthy minimum of 8. It has increased from 2.07 (Mar 24) to 2.81, marking an increase of 0.74.
For Return on Networth / Equity (%), as of Mar 25, the value is 36.39. This value is within the healthy range. It has increased from 21.69 (Mar 24) to 36.39, marking an increase of 14.70.
For Return on Capital Employeed (%), as of Mar 25, the value is 29.88. This value is within the healthy range. It has increased from 24.70 (Mar 24) to 29.88, marking an increase of 5.18.
For Return On Assets (%), as of Mar 25, the value is 6.53. This value is within the healthy range. It has increased from 5.25 (Mar 24) to 6.53, marking an increase of 1.28.
For Long Term Debt / Equity (X), as of Mar 25, the value is 0.02. This value is below the healthy minimum of 0.2. It has decreased from 0.06 (Mar 24) to 0.02, marking a decrease of 0.04.
For Total Debt / Equity (X), as of Mar 25, the value is 0.06. This value is within the healthy range. It has decreased from 0.09 (Mar 24) to 0.06, marking a decrease of 0.03.
For Asset Turnover Ratio (%), as of Mar 25, the value is 3.27. It has increased from 3.03 (Mar 24) to 3.27, marking an increase of 0.24.
For Current Ratio (X), as of Mar 25, the value is 1.04. This value is below the healthy minimum of 1.5. It has increased from 1.02 (Mar 24) to 1.04, marking an increase of 0.02.
For Quick Ratio (X), as of Mar 25, the value is 0.72. This value is below the healthy minimum of 1. It has increased from 0.66 (Mar 24) to 0.72, marking an increase of 0.06.
For Inventory Turnover Ratio (X), as of Mar 25, the value is 13.67. This value exceeds the healthy maximum of 8. It has increased from 13.34 (Mar 24) to 13.67, marking an increase of 0.33.
For Dividend Payout Ratio (NP) (%), as of Mar 25, the value is 3.00. This value is below the healthy minimum of 20. It has decreased from 4.85 (Mar 24) to 3.00, marking a decrease of 1.85.
For Dividend Payout Ratio (CP) (%), as of Mar 25, the value is 2.39. This value is below the healthy minimum of 20. It has decreased from 3.37 (Mar 24) to 2.39, marking a decrease of 0.98.
For Earning Retention Ratio (%), as of Mar 25, the value is 97.00. This value exceeds the healthy maximum of 70. It has increased from 95.15 (Mar 24) to 97.00, marking an increase of 1.85.
For Cash Earning Retention Ratio (%), as of Mar 25, the value is 97.61. This value exceeds the healthy maximum of 70. It has increased from 96.63 (Mar 24) to 97.61, marking an increase of 0.98.
For Interest Coverage Ratio (X), as of Mar 25, the value is 9.90. This value is within the healthy range. It has increased from 9.64 (Mar 24) to 9.90, marking an increase of 0.26.
For Interest Coverage Ratio (Post Tax) (X), as of Mar 25, the value is 5.89. This value is within the healthy range. It has increased from 5.88 (Mar 24) to 5.89, marking an increase of 0.01.
For Enterprise Value (Cr.), as of Mar 25, the value is 79,804.67. It has increased from 44,715.23 (Mar 24) to 79,804.67, marking an increase of 35,089.44.
For EV / Net Operating Revenue (X), as of Mar 25, the value is 2.05. This value is within the healthy range. It has decreased from 2.53 (Mar 24) to 2.05, marking a decrease of 0.48.
For EV / EBITDA (X), as of Mar 25, the value is 52.23. This value exceeds the healthy maximum of 15. It has decreased from 62.09 (Mar 24) to 52.23, marking a decrease of 9.86.
For MarketCap / Net Operating Revenue (X), as of Mar 25, the value is 2.04. This value is within the healthy range. It has decreased from 2.53 (Mar 24) to 2.04, marking a decrease of 0.49.
For Retention Ratios (%), as of Mar 25, the value is 96.99. This value exceeds the healthy maximum of 70. It has increased from 95.14 (Mar 24) to 96.99, marking an increase of 1.85.
For Price / BV (X), as of Mar 25, the value is 26.38. This value exceeds the healthy maximum of 3. It has decreased from 26.40 (Mar 24) to 26.38, marking a decrease of 0.02.
For Price / Net Operating Revenue (X), as of Mar 25, the value is 2.04. This value is within the healthy range. It has decreased from 2.53 (Mar 24) to 2.04, marking a decrease of 0.49.
For EarningsYield, as of Mar 25, the value is 0.01. This value is below the healthy minimum of 5. There is no change compared to the previous period (Mar 24) which recorded 0.01.

Overall, while many metrics show healthy performance, any figures highlighted in red or significant downward trends warrant further investigation.

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Dixon Technologies (India) Ltd as of February 25, 2026 is: ₹7,882.50

Calculation basis:

Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of February 25, 2026, Dixon Technologies (India) Ltd is Overvalued by 24.12% compared to the current share price ₹10,388.00

Intrinsic Value of Dixon Technologies (India) Ltd as of February 25, 2026 is: ₹11,997.54

Calculation basis:

Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of February 25, 2026, Dixon Technologies (India) Ltd is Undervalued by 15.49% compared to the current share price ₹10,388.00

Last 5 Year EPS CAGR: 52.20%

*Investments are subject to market risks

Strength and Weakness

Strength	Weakness
The stock has a high average ROCE of 28.42%, which is a positive sign. The stock has a low average Working Capital Days of 7.67, which is a positive sign. The company has higher reserves (1,029.00 cr) compared to borrowings (348.92 cr), indicating strong financial stability. The company has shown consistent growth in sales (11.08 cr) and profit (138.85 cr) over the years.	The stock has a high average Cash Conversion Cycle of 4.83, which may not be favorable.

Stock Analysis

Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Dixon Technologies (India) Ltd:
1. Net Profit Margin: 3.12%
  - Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
2. ROCE: 29.88% (Industry Average ROCE: 14.89%)
  - ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
3. ROE%: 36.39% (Industry Average ROE: 11.51%)
  - ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
4. Interest Coverage Ratio (Post Tax): 5.89
  - Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
5. Quick Ratio: 0.72
  - Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
6. Stock P/E: 44.8 (Industry average Stock P/E: 64.95)
  - Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
7. Total Debt / Equity: 0.06
  - Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
Stock Rating:

About the Company - Qualitative Analysis

Dixon Technologies (India) Ltd. is a Public Limited Listed company incorporated on 15/01/1993 and has its registered office in the State of Uttar Pradesh, India. Company's Corporate Identification Number(CIN) is L32101UP1993PLC066581 and registration number is 066581. Currently Company is involved in the business activities of Manufacture of radio and television studio and broadcasting equipment, including television cameras. Company's Total Operating Revenue is Rs. 5400.90 Cr. and Equity Capital is Rs. 12.05 Cr. for the Year ended 31/03/2025.

INDUSTRY	ADDRESS	CONTACT
Consumer Electronics	No B-14 & 15, Phase-II, District Gautam Buddha Nagar, Noida Uttar Pradesh 201305	Contact not found

Management
Name	Position Held
Mr. Sunil Vachani	Executive Chairman
Mr. Atul B Lall	Vice Chairman & Mng.Director
Mr. Keng Tsung Kuo	Independent Director
Mr. Manoj Maheshwari	Additional Director
Dr. Rakesh Mohan	Independent Director
Mr. Arun Seth	Independent Director
Ms. Geeta Mathur	Independent Director

FAQ

What is the intrinsic value of Dixon Technologies (India) Ltd?

Dixon Technologies (India) Ltd's intrinsic value (as of 25 February 2026) is ₹11997.54 which is 15.49% higher the current market price of ₹10,388.00, indicating undervalued. Calculated using the PE ratio method, this valuation considers the company's ₹63,172 Cr. market cap, FY2025-2026 high/low of ₹18,472/9,828, reserves of ₹4,052 Cr, and liabilities of ₹19,651 Cr.

What is the Market Cap of Dixon Technologies (India) Ltd?

The Market Cap of Dixon Technologies (India) Ltd is 63,172 Cr..

What is the current Stock Price of Dixon Technologies (India) Ltd as on 25 February 2026?

The current stock price of Dixon Technologies (India) Ltd as on 25 February 2026 is ₹10,388.

What is the High / Low of Dixon Technologies (India) Ltd stocks in FY 2025-2026?

In FY 2025-2026, the High / Low of Dixon Technologies (India) Ltd stocks is ₹18,472/9,828.

What is the Stock P/E of Dixon Technologies (India) Ltd?

The Stock P/E of Dixon Technologies (India) Ltd is 44.8.

What is the Book Value of Dixon Technologies (India) Ltd?

The Book Value of Dixon Technologies (India) Ltd is 670.

What is the Dividend Yield of Dixon Technologies (India) Ltd?

The Dividend Yield of Dixon Technologies (India) Ltd is 0.08 %.

What is the ROCE of Dixon Technologies (India) Ltd?

The ROCE of Dixon Technologies (India) Ltd is 40.0 %.

What is the ROE of Dixon Technologies (India) Ltd?

The ROE of Dixon Technologies (India) Ltd is 32.8 %.

What is the Face Value of Dixon Technologies (India) Ltd?

The Face Value of Dixon Technologies (India) Ltd is 2.00.