Dixon Technologies (India) Ltd: Share Price Analysis, Intrinsic Value & Fundamentals (2025)

Share Price and Basic Stock Data

Last Updated: February 25, 2025, 5:17 am

Market Cap	84,360 Cr.
Current Price	14,043
High / Low	19,150/6,471
Stock P/E	133
Book Value	371
Dividend Yield	0.04 %
ROCE	29.2 %
ROE	24.7 %
Face Value	2.00
PEG Ratio	3.59

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 of Dixon Technologies (India) Ltd

Stock Name ⇩	Market Cap ⇩	Current Price ⇩	High / Low ⇩	Stock P/E ⇩	Book Value ⇩	Dividend Yield ⇩	ROCE ⇩	ROE ⇩	Face Value ⇩
IKIO Lighting Ltd	1,588 Cr.	205	343/165	37.3	71.2	0.49 %	21.7 %	17.5 %	10.0
Elin Electronics Ltd	598 Cr.	120	282/117	38.2	104	0.00 %	5.08 %	2.75 %	5.00
CWD Ltd	343 Cr.	950	1,144/590	187	91.4	0.00 %	7.92 %	4.56 %	10.0
Calcom Vision Ltd	126 Cr.	90.6	179/89.5	43.0	54.7	0.00 %	6.38 %	1.81 %	10.0
Whirlpool of India Ltd	12,218 Cr.	963	2,450/955	37.0	298	0.52 %	9.07 %	6.36 %	10.0
Industry Average	16,929.93 Cr	1,406.17		54.49	112.01	0.27%	17.63%	15.54%	6.27

All Competitor Stocks of Dixon Technologies (India) Ltd

Quarterly Result

Metric	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024
Sales	3,073	2,953	2,855	3,867	2,405	3,065	3,272	4,943	4,818	4,658	6,580	11,534	10,454
Expenses	2,970	2,835	2,755	3,722	2,294	2,909	3,140	4,744	4,634	4,476	6,332	11,108	10,063
Operating Profit	103	118	100	145	111	156	132	199	184	182	248	426	391
OPM %	3%	4%	4%	4%	5%	5%	4%	4%	4%	4%	4%	4%	4%
Other Income	1	2	0	1	4	3	6	3	4	19	16	206	10
Interest	12	14	14	16	15	15	14	17	22	21	29	38	41
Depreciation	28	19	24	29	29	32	34	36	41	51	55	66	75
Profit before tax	63	87	62	100	70	112	90	149	126	130	180	529	285
Tax %	27%	27%	27%	23%	26%	28%	25%	24%	23%	25%	22%	22%	24%
Net Profit	46	63	45	77	52	81	67	113	97	97	140	412	216
EPS in Rs	7.82	10.61	7.70	13.02	8.72	13.54	11.55	18.02	16.12	15.91	22.34	65.15	28.50

Last Updated: January 27, 2025, 12:07 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: January 27, 2025, 12:07 pm

Metric	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
Sales	767	1,094	1,201	1,389	2,457	2,842	2,984	4,400	6,448	10,697	12,192	17,691	33,226
Expenses	746	1,067	1,169	1,340	2,365	2,729	2,848	4,172	6,156	10,313	11,673	16,986	31,978
Operating Profit	21	26	32	49	92	113	136	228	292	384	519	705	1,247
OPM %	3%	2%	3%	4%	4%	4%	5%	5%	5%	4%	4%	4%	4%
Other Income	0	8	2	23	1	4	6	5	1	4	4	32	252
Interest	11	11	10	13	16	13	26	39	33	49	64	81	129
Depreciation	5	5	7	8	11	15	22	37	44	84	115	162	246
Profit before tax	5	18	17	51	66	88	94	157	217	255	345	494	1,123
Tax %	30%	19%	24%	16%	28%	31%	32%	23%	26%	25%	26%	24%
Net Profit	3	14	13	43	48	61	63	120	160	190	255	375	865
EPS in Rs	3.21	8.72	7.65	27.46	8.66	10.76	11.19	20.81	27.28	32.05	42.90	61.47	131.90
Dividend Payout %	6%	2%	3%	9%	14%	4%	4%	4%	4%	6%	7%	8%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2013-2014	2014-2015	2015-2016	2016-2017	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024
YoY Net Profit Growth (%)	366.67%	-7.14%	230.77%	11.63%	27.08%	3.28%	90.48%	33.33%	18.75%	34.21%	47.06%
Change in YoY Net Profit Growth (%)	0.00%	-373.81%	237.91%	-219.14%	15.46%	-23.80%	87.20%	-57.14%	-14.58%	15.46%	12.85%

Dixon Technologies (India) Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2013-2014 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:	32%
5 Years:	43%
3 Years:	40%
TTM:	106%

Compounded Profit Growth
10 Years:	39%
5 Years:	42%
3 Years:	32%
TTM:	81%

Stock Price CAGR
10 Years:	%
5 Years:	77%
3 Years:	47%
1 Year:	102%

Return on Equity
10 Years:	24%
5 Years:	24%
3 Years:	23%
Last Year:	25%

Last Updated: Unknown

Balance Sheet

Last Updated: November 15, 2024, 1:49 am

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
Equity Capital	3	3	3	3	11	11	11	12	12	12	12	12	12
Reserves	58	71	82	120	186	304	367	530	726	985	1,273	1,683	2,217
Borrowings	94	94	82	80	43	45	141	87	295	667	453	489	794
Other Liabilities	121	124	157	215	549	606	971	1,069	1,814	2,613	2,941	4,806	13,098
Total Liabilities	277	291	324	417	789	966	1,491	1,697	2,846	4,277	4,679	6,990	16,121
Fixed Assets	80	84	97	124	137	179	241	414	550	1,003	1,244	1,996	2,465
CWIP	5	0	0	0	2	16	19	10	72	22	120	68	138
Investments	7	6	6	0	0	11	8	0	95	141	44	20	279
Other Assets	185	201	221	294	650	759	1,224	1,273	2,128	3,111	3,272	4,905	13,239
Total Assets	277	291	324	417	789	966	1,491	1,697	2,846	4,277	4,679	6,990	16,121

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Cash from Operating Activity +	45	10	44	42	53	68	-3	237	170	273	726	584
Cash from Investing Activity +	-9	1	-22	-22	-43	-100	-64	-99	-265	-464	-356	-531
Cash from Financing Activity +	-37	-13	-22	-20	-8	42	69	-57	63	304	-330	-70
Net Cash Flow	-0	-1	-0	1	1	10	2	81	-32	113	41	-17

Free Cash Flow

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Free Cash Flow	-73.00	-68.00	-50.00	-31.00	49.00	68.00	-5.00	141.00	-3.00	-283.00	66.00	216.00

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 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	20	15	17	23	42	38	63	43	62	46	51	48
Inventory Days	49	34	38	41	47	47	57	47	47	43	32	39
Days Payable	60	36	46	56	84	75	103	89	108	86	81	92
Cash Conversion Cycle	9	13	9	8	5	10	17	1	1	3	2	-6
Working Capital Days	24	22	16	15	11	12	28	15	14	9	-0	-1
ROCE %	10%	18%	16%	29%	37%	34%	27%	34%	30%	23%	24%	29%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024
Promoters	34.30%	34.30%	34.27%	34.06%	34.05%	34.04%	33.80%	33.63%	33.44%	33.24%	32.89%	32.42%
FIIs	16.39%	15.08%	16.27%	16.66%	12.04%	15.00%	15.66%	17.41%	17.85%	19.33%	22.69%	23.22%
DIIs	7.98%	8.07%	18.59%	18.92%	23.76%	24.61%	27.44%	26.39%	27.01%	26.08%	23.14%	22.61%
Public	41.33%	42.56%	30.87%	30.35%	30.13%	26.36%	23.11%	22.58%	21.71%	21.34%	21.27%	21.73%
No. of Shareholders	3,79,160	3,91,283	3,67,773	3,47,728	3,67,727	3,15,683	2,85,566	2,67,536	2,52,843	2,67,314	2,85,363	3,20,193

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund Name	No of Shares	AUM (%)	Amount Invested (Cr)	Previous Number of Shares	Previous Date	Percentage Change
HDFC Mid-Cap Opportunities Fund - Regular Plan	1,451,014	1.47	869.32	234,932	2025-02-22	517.63%
Kotak Emerging Equity Fund - Regular Plan	940,364	1.44	563.38	234,932	2025-02-22	300.27%
Nippon India Small Cap Fund	549,728	0.72	329.35	234,932	2025-02-22	133.99%
Canara Robeco Emerging Equities	445,550	1.34	266.93	234,932	2025-02-22	89.65%
Nippon India Growth Fund	399,898	0.98	239.58	234,932	2025-02-22	70.22%
PGIM India Midcap Opportunities Fund	399,033	2.4	239.06	234,932	2025-02-22	69.85%
DSP Mid Cap Fund	374,488	1.36	224.36	234,932	2025-02-22	59.4%
UTI Flexi Cap Fund	281,626	0.67	168.73	234,932	2025-02-22	19.88%
Edelweiss Mid Cap Fund	240,705	2.93	144.21	234,932	2025-02-22	2.46%
Axis Midcap Fund	234,932	0.57	140.75	234,932	2025-02-22	0%

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20
FaceValue	2.00	2.00	2.00	2.00	10.00
Basic EPS (Rs.)	62.84	42.92	32.31	27.49	105.55
Diluted EPS (Rs.)	62.46	42.92	32.00	26.87	102.70
Cash EPS (Rs.)	88.05	61.81	46.22	34.75	135.72
Book Value[Excl.RevalReserv]/Share (Rs.)	288.04	215.72	168.04	125.89	467.87
Book Value[Incl.RevalReserv]/Share (Rs.)	288.04	215.72	168.04	125.89	467.87
Revenue From Operations / Share (Rs.)	2958.34	2047.36	1802.37	1100.94	3803.01
PBDIT / Share (Rs.)	120.43	87.05	64.52	49.20	197.28
PBIT / Share (Rs.)	93.36	67.80	50.37	41.74	165.72
PBT / Share (Rs.)	80.87	57.63	42.93	37.05	135.49
Net Profit / Share (Rs.)	60.98	42.56	32.08	27.28	104.15
NP After MI And SOA / Share (Rs.)	61.50	42.91	32.04	27.28	104.15
PBDIT Margin (%)	4.07	4.25	3.57	4.46	5.18
PBIT Margin (%)	3.15	3.31	2.79	3.79	4.35
PBT Margin (%)	2.73	2.81	2.38	3.36	3.56
Net Profit Margin (%)	2.06	2.07	1.77	2.47	2.73
NP After MI And SOA Margin (%)	2.07	2.09	1.77	2.47	2.73
Return on Networth / Equity (%)	21.69	19.88	19.07	21.67	22.25
Return on Capital Employeed (%)	24.70	23.22	19.39	25.07	28.90
Return On Assets (%)	5.25	5.46	4.44	5.61	7.09
Long Term Debt / Equity (X)	0.06	0.10	0.29	0.10	0.02
Total Debt / Equity (X)	0.09	0.13	0.45	0.20	0.15
Asset Turnover Ratio (%)	3.03	2.72	2.69	2.76	2.52
Current Ratio (X)	1.02	1.07	1.15	1.17	1.21
Quick Ratio (X)	0.66	0.74	0.72	0.77	0.72
Inventory Turnover Ratio (X)	12.17	10.42	9.71	9.61	8.32
Dividend Payout Ratio (NP) (%)	4.85	4.65	3.08	0.00	5.72
Dividend Payout Ratio (CP) (%)	3.37	3.21	2.13	0.00	4.38
Earning Retention Ratio (%)	95.15	95.35	96.92	0.00	94.28
Cash Earning Retention Ratio (%)	96.63	96.79	97.87	0.00	95.62
Interest Coverage Ratio (X)	9.64	8.56	8.66	10.50	6.53
Interest Coverage Ratio (Post Tax) (X)	5.88	5.18	5.31	6.82	4.45
Enterprise Value (Cr.)	44715.23	16993.99	25862.88	21577.43	4119.72
EV / Net Operating Revenue (X)	2.53	1.39	2.42	3.35	0.93
EV / EBITDA (X)	62.09	32.78	67.54	74.88	18.05
MarketCap / Net Operating Revenue (X)	2.53	1.40	2.39	3.33	0.94
Retention Ratios (%)	95.14	95.34	96.91	0.00	94.27
Price / BV (X)	26.40	13.26	25.67	29.15	7.64
Price / Net Operating Revenue (X)	2.53	1.40	2.39	3.33	0.94
EarningsYield	0.01	0.01	0.01	0.01	0.02

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 24, the value is 2.00. This value is within the healthy range. There is no change compared to the previous period (Mar 23) which recorded 2.00.
For Basic EPS (Rs.), as of Mar 24, the value is 62.84. This value is within the healthy range. It has increased from 42.92 (Mar 23) to 62.84, marking an increase of 19.92.
For Diluted EPS (Rs.), as of Mar 24, the value is 62.46. This value is within the healthy range. It has increased from 42.92 (Mar 23) to 62.46, marking an increase of 19.54.
For Cash EPS (Rs.), as of Mar 24, the value is 88.05. This value is within the healthy range. It has increased from 61.81 (Mar 23) to 88.05, marking an increase of 26.24.
For Book Value[Excl.RevalReserv]/Share (Rs.), as of Mar 24, the value is 288.04. It has increased from 215.72 (Mar 23) to 288.04, marking an increase of 72.32.
For Book Value[Incl.RevalReserv]/Share (Rs.), as of Mar 24, the value is 288.04. It has increased from 215.72 (Mar 23) to 288.04, marking an increase of 72.32.
For Revenue From Operations / Share (Rs.), as of Mar 24, the value is 2,958.34. It has increased from 2,047.36 (Mar 23) to 2,958.34, marking an increase of 910.98.
For PBDIT / Share (Rs.), as of Mar 24, the value is 120.43. This value is within the healthy range. It has increased from 87.05 (Mar 23) to 120.43, marking an increase of 33.38.
For PBIT / Share (Rs.), as of Mar 24, the value is 93.36. This value is within the healthy range. It has increased from 67.80 (Mar 23) to 93.36, marking an increase of 25.56.
For PBT / Share (Rs.), as of Mar 24, the value is 80.87. This value is within the healthy range. It has increased from 57.63 (Mar 23) to 80.87, marking an increase of 23.24.
For Net Profit / Share (Rs.), as of Mar 24, the value is 60.98. This value is within the healthy range. It has increased from 42.56 (Mar 23) to 60.98, marking an increase of 18.42.
For NP After MI And SOA / Share (Rs.), as of Mar 24, the value is 61.50. This value is within the healthy range. It has increased from 42.91 (Mar 23) to 61.50, marking an increase of 18.59.
For PBDIT Margin (%), as of Mar 24, the value is 4.07. This value is below the healthy minimum of 10. It has decreased from 4.25 (Mar 23) to 4.07, marking a decrease of 0.18.
For PBIT Margin (%), as of Mar 24, the value is 3.15. This value is below the healthy minimum of 10. It has decreased from 3.31 (Mar 23) to 3.15, marking a decrease of 0.16.
For PBT Margin (%), as of Mar 24, the value is 2.73. This value is below the healthy minimum of 10. It has decreased from 2.81 (Mar 23) to 2.73, marking a decrease of 0.08.
For Net Profit Margin (%), as of Mar 24, the value is 2.06. This value is below the healthy minimum of 5. It has decreased from 2.07 (Mar 23) to 2.06, marking a decrease of 0.01.
For NP After MI And SOA Margin (%), as of Mar 24, the value is 2.07. This value is below the healthy minimum of 8. It has decreased from 2.09 (Mar 23) to 2.07, marking a decrease of 0.02.
For Return on Networth / Equity (%), as of Mar 24, the value is 21.69. This value is within the healthy range. It has increased from 19.88 (Mar 23) to 21.69, marking an increase of 1.81.
For Return on Capital Employeed (%), as of Mar 24, the value is 24.70. This value is within the healthy range. It has increased from 23.22 (Mar 23) to 24.70, marking an increase of 1.48.
For Return On Assets (%), as of Mar 24, the value is 5.25. This value is within the healthy range. It has decreased from 5.46 (Mar 23) to 5.25, marking a decrease of 0.21.
For Long Term Debt / Equity (X), as of Mar 24, the value is 0.06. This value is below the healthy minimum of 0.2. It has decreased from 0.10 (Mar 23) to 0.06, marking a decrease of 0.04.
For Total Debt / Equity (X), as of Mar 24, the value is 0.09. This value is within the healthy range. It has decreased from 0.13 (Mar 23) to 0.09, marking a decrease of 0.04.
For Asset Turnover Ratio (%), as of Mar 24, the value is 3.03. It has increased from 2.72 (Mar 23) to 3.03, marking an increase of 0.31.
For Current Ratio (X), as of Mar 24, the value is 1.02. This value is below the healthy minimum of 1.5. It has decreased from 1.07 (Mar 23) to 1.02, marking a decrease of 0.05.
For Quick Ratio (X), as of Mar 24, the value is 0.66. This value is below the healthy minimum of 1. It has decreased from 0.74 (Mar 23) to 0.66, marking a decrease of 0.08.
For Inventory Turnover Ratio (X), as of Mar 24, the value is 12.17. This value exceeds the healthy maximum of 8. It has increased from 10.42 (Mar 23) to 12.17, marking an increase of 1.75.
For Dividend Payout Ratio (NP) (%), as of Mar 24, the value is 4.85. This value is below the healthy minimum of 20. It has increased from 4.65 (Mar 23) to 4.85, marking an increase of 0.20.
For Dividend Payout Ratio (CP) (%), as of Mar 24, the value is 3.37. This value is below the healthy minimum of 20. It has increased from 3.21 (Mar 23) to 3.37, marking an increase of 0.16.
For Earning Retention Ratio (%), as of Mar 24, the value is 95.15. This value exceeds the healthy maximum of 70. It has decreased from 95.35 (Mar 23) to 95.15, marking a decrease of 0.20.
For Cash Earning Retention Ratio (%), as of Mar 24, the value is 96.63. This value exceeds the healthy maximum of 70. It has decreased from 96.79 (Mar 23) to 96.63, marking a decrease of 0.16.
For Interest Coverage Ratio (X), as of Mar 24, the value is 9.64. This value is within the healthy range. It has increased from 8.56 (Mar 23) to 9.64, marking an increase of 1.08.
For Interest Coverage Ratio (Post Tax) (X), as of Mar 24, the value is 5.88. This value is within the healthy range. It has increased from 5.18 (Mar 23) to 5.88, marking an increase of 0.70.
For Enterprise Value (Cr.), as of Mar 24, the value is 44,715.23. It has increased from 16,993.99 (Mar 23) to 44,715.23, marking an increase of 27,721.24.
For EV / Net Operating Revenue (X), as of Mar 24, the value is 2.53. This value is within the healthy range. It has increased from 1.39 (Mar 23) to 2.53, marking an increase of 1.14.
For EV / EBITDA (X), as of Mar 24, the value is 62.09. This value exceeds the healthy maximum of 15. It has increased from 32.78 (Mar 23) to 62.09, marking an increase of 29.31.
For MarketCap / Net Operating Revenue (X), as of Mar 24, the value is 2.53. This value is within the healthy range. It has increased from 1.40 (Mar 23) to 2.53, marking an increase of 1.13.
For Retention Ratios (%), as of Mar 24, the value is 95.14. This value exceeds the healthy maximum of 70. It has decreased from 95.34 (Mar 23) to 95.14, marking a decrease of 0.20.
For Price / BV (X), as of Mar 24, the value is 26.40. This value exceeds the healthy maximum of 3. It has increased from 13.26 (Mar 23) to 26.40, marking an increase of 13.14.
For Price / Net Operating Revenue (X), as of Mar 24, the value is 2.53. This value is within the healthy range. It has increased from 1.40 (Mar 23) to 2.53, marking an increase of 1.13.
For EarningsYield, as of Mar 24, the value is 0.01. This value is below the healthy minimum of 5. There is no change compared to the previous period (Mar 23) which recorded 0.01.

Overall, while many metrics show healthy performance, any figures highlighted in red or significant downward trends warrant further investigation. If you have any questions or need more detailed insights, please feel free to reach out.

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Dixon Technologies (India) Ltd as of February 25, 2025 is: ₹9,754.08

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, 2025, Dixon Technologies (India) Ltd is Overvalued by 30.54% compared to the current share price ₹14,043.00

Intrinsic Value of Dixon Technologies (India) Ltd as of February 25, 2025 is: 13,368.00

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, 2025, Dixon Technologies (India) Ltd is Overvalued by 4.81% compared to the current share price ₹14,043.00

Last 5 Year EPS CAGR: 37.05%

*Investments are subject to market risks

Strength and Weakness

Strength	Weakness
The stock has a high average ROCE of 25.92%, which is a positive sign. The stock has a low average Working Capital Days of 13.75, which is a positive sign. The company has higher reserves (661.69 cr) compared to borrowings (258.77 cr), indicating strong financial stability. The company has shown consistent growth in sales (66.00 cr) and profit (139.08 cr) over the years.	The stock has a high average Cash Conversion Cycle of 6.00, 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: 2.06%
  - 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: 24.7% (Industry Average ROCE: 17.63%)
  - 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%: 21.69% (Industry Average ROE: 15.54%)
  - 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): 5.88
  - 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: 0.66
  - 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: 133 (Industry average Stock P/E: 50.86)
  - 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: 0.09
  - 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 pagers, cellular phones and other mobile communication equipment. Company's Total Operating Revenue is Rs. 6411.40 Cr. and Equity Capital is Rs. 11.96 Cr. for the Year ended 31/03/2024.

INDUSTRY	ADDRESS	CONTACT
Consumer Electronics	No B-14 & 15, Phase-II, District Gautam Buddha Nagar, Noida Uttar Pradesh 201305	investorrelations@dixoninfo.com http://www.dixoninfo.com

Management
Name	Position Held
Mr. Sunil Vachani	Executive Chairman
Mr. Atul B Lall	Vice Chairman & Mng.Director
Mr. Keng Tsung Kuo	Independent Director
Mrs. Poornima Shenoy	Independent Director
Dr. Manuji Zarabi	Independent Director
Mr. Manoj Maheshwari	Independent Director
Dr. Rakesh Mohan	Independent Director
Mr. Arun Seth	Independent Director

FAQ

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

Let's break down Dixon Technologies (India) Ltd's intrinsic value simply:

We calculate intrinsic value using the PE Ratio Method - comparing the company's current price-to-earnings ratio with its historical average and industry peers. Think of it like checking if a stock is "on sale" compared to its typical pricing.

As of 25 February 2025:

Calculated Fair Value: ₹9754.08
Current Market Price: ₹14,043.00
Variance: 30.54% lower

This suggests Dixon Technologies (India) Ltd is currently overvalued by 30.54%. For context:

Market Cap: 84,360 Cr.
52-Week Range: 19,150/6,471
Reserves (Sep 2024): ₹2,217 Cr
Liabilities: 16,121 Cr

Remember: The PE method gives a snapshot based on earnings multiples. While useful for quick comparisons, investors should also consider growth prospects, industry trends, and economic conditions. This calculation assumes historical PE ratios remain relevant - always verify with current market dynamics.

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

The Market Cap of Dixon Technologies (India) Ltd is 84,360 Cr..

What is the current Stock Price of Dixon Technologies (India) Ltd as on 25 February 2025?

The current stock price of Dixon Technologies (India) Ltd as on 25 February 2025 is ₹14,043.

What is the High / Low of Dixon Technologies (India) Ltd stocks in FY 2024-2025?

In FY 2024-2025, the High / Low of Dixon Technologies (India) Ltd stocks is 19,150/6,471.

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

The Stock P/E of Dixon Technologies (India) Ltd is 133.

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

The Book Value of Dixon Technologies (India) Ltd is 371.

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

The Dividend Yield of Dixon Technologies (India) Ltd is 0.04 %.

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

The ROCE of Dixon Technologies (India) Ltd is 29.2 %.

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

The ROE of Dixon Technologies (India) Ltd is 24.7 %.

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

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