Share Price and Basic Stock Data
Last Updated: November 12, 2025, 8:01 pm
| PEG Ratio | 1.63 |
|---|
Analyst Insight & Comprehensive Analysis
Business Overview and Revenue Trends
Dixon Technologies (India) Ltd, a leading player in the consumer electronics industry, reported a share price of ₹15,372 and a market capitalization of ₹93,022 Cr. The company’s revenue from operations has shown a remarkable upward trajectory, standing at ₹12,192 Cr for FY 2023, a substantial increase from ₹10,697 Cr in FY 2022. The trailing twelve months (TTM) revenue reached ₹45,116 Cr, indicating robust growth potential. Quarterly sales figures also reflect this trend, with revenues climbing from ₹2,855 Cr in June 2022 to ₹4,943 Cr in September 2023. Looking ahead, the revenue is projected to rise significantly, with the company reporting ₹38,860 Cr for FY 2025. Such growth is underpinned by increasing demand for consumer electronics in India, supported by government initiatives like the Production-Linked Incentive (PLI) scheme aimed at boosting domestic manufacturing.
Profitability and Efficiency Metrics
Dixon Technologies’ profitability metrics illustrate a solid operational foundation, with a reported net profit of ₹1,373 Cr and a return on equity (ROE) of 32.8%. The operating profit margin (OPM) has remained consistent at 4% across several quarters, indicating stable operational efficiency. The company’s interest coverage ratio (ICR) stood at an impressive 9.90x, suggesting that earnings comfortably cover interest obligations, thereby reducing risk in debt servicing. The quarterly net profit surged to ₹412 Cr in September 2024, showcasing a strong profit trajectory. Additionally, the company reported a cash conversion cycle (CCC) of -5 days, highlighting efficient working capital management compared to many peers in the sector, which typically face longer cycles. These metrics collectively position Dixon as a financially sound entity within the consumer electronics landscape.
Balance Sheet Strength and Financial Ratios
Dixon Technologies boasts a robust balance sheet characterized by total reserves of ₹2,998 Cr and manageable borrowings of ₹671 Cr. The company’s debt-to-equity ratio stood at a low 0.06, indicating minimal leverage and a strong capacity to absorb financial shocks. The price-to-book value (P/BV) ratio is notably high at 26.38x, signaling strong market expectations for future earnings but also suggesting that the stock may be overvalued compared to its book value. The return on capital employed (ROCE) rose to 40%, underscoring effective utilization of capital to generate profits. Furthermore, the company’s total assets have expanded to ₹16,758 Cr, reflecting its growing operational scale. These financial ratios indicate a solid foundation for future growth, although the high P/BV may raise concerns about valuation sustainability.
Shareholding Pattern and Investor Confidence
The shareholding pattern of Dixon Technologies reveals a diversified investor base, comprising 28.95% held by promoters, 20.55% by foreign institutional investors (FIIs), 26.68% by domestic institutional investors (DIIs), and 23.81% by the public. This distribution indicates a balanced stakeholder composition, which is crucial for maintaining corporate governance. Notably, promoter shareholding has declined from 34.27% in September 2022 to 28.95% in June 2025, potentially signaling a dilution of control that may concern some investors. Conversely, the DII stake increased from 18.59% in September 2022 to 26.68%, suggesting growing institutional confidence in the company’s growth prospects. The total number of shareholders rose to 4,08,369, reflecting increasing retail interest in the stock. This diverse and expanding shareholder base can foster greater stability and support for the company’s strategic initiatives.
Outlook, Risks, and Final Insight
Dixon Technologies is well-positioned for continued growth, driven by its strong revenue trajectory and efficient operations. However, several risks warrant attention. The declining promoter shareholding could lead to concerns regarding management control, while the high P/BV ratio may indicate overvaluation risks in a volatile market. Additionally, the company operates in a highly competitive landscape, where technological advancements and consumer preferences can shift rapidly. Despite these challenges, Dixon’s robust financial health and strategic initiatives, such as expanding its product portfolio and enhancing manufacturing capabilities, provide a solid foundation for future performance. The company may encounter headwinds from external economic conditions, but its established market presence and operational efficiencies suggest resilience. In a favorable scenario, sustained demand for consumer electronics could propel Dixon’s growth, while adverse market conditions might necessitate a reassessment of its strategic priorities.
Source: Getaka Fundamental Analysis | Generated using proprietary financial data.
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 ⇩ |
|---|---|---|---|---|---|---|---|---|---|
| Misquita Engineering Ltd | 51.6 Cr. | 110 | 152/78.1 | 234 | 30.4 | 0.00 % | 1.86 % | 1.92 % | 10.0 |
| IKIO Lighting Ltd | 1,545 Cr. | 201 | 304/165 | 87.4 | 74.5 | 0.00 % | 8.22 % | 5.55 % | 10.0 |
| Epack Durable Ltd | 2,766 Cr. | 288 | 674/277 | 67.7 | 99.4 | 0.00 % | 9.70 % | 5.98 % | 10.0 |
| Elin Electronics Ltd | 970 Cr. | 196 | 235/108 | 25.3 | 112 | 0.00 % | 6.97 % | 4.38 % | 5.00 |
| CWD Ltd | 765 Cr. | 1,740 | 1,765/590 | 305 | 154 | 0.00 % | 9.51 % | 5.78 % | 10.0 |
| Industry Average | 17,078.25 Cr | 1,374.18 | 75.62 | 130.21 | 0.19% | 14.89% | 11.51% | 6.44 |
Quarterly Result
| Metric | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 2,855 | 3,867 | 2,405 | 3,065 | 3,272 | 4,943 | 4,818 | 4,658 | 6,580 | 11,534 | 10,454 | 10,293 | 12,836 |
| Expenses | 2,755 | 3,722 | 2,294 | 2,909 | 3,140 | 4,744 | 4,634 | 4,476 | 6,332 | 11,108 | 10,063 | 9,850 | 12,353 |
| Operating Profit | 100 | 145 | 111 | 156 | 132 | 199 | 184 | 182 | 248 | 426 | 391 | 443 | 482 |
| OPM % | 4% | 4% | 5% | 5% | 4% | 4% | 4% | 4% | 4% | 4% | 4% | 4% | 4% |
| Other Income | 0 | 1 | 4 | 3 | 6 | 3 | 4 | 19 | 16 | 206 | 10 | 265 | 8 |
| Interest | 14 | 16 | 15 | 15 | 14 | 17 | 22 | 21 | 29 | 38 | 41 | 46 | 33 |
| Depreciation | 24 | 29 | 29 | 32 | 34 | 36 | 41 | 51 | 55 | 66 | 75 | 86 | 93 |
| Profit before tax | 62 | 100 | 70 | 112 | 90 | 149 | 126 | 130 | 180 | 529 | 285 | 576 | 366 |
| Tax % | 27% | 23% | 26% | 28% | 25% | 24% | 23% | 25% | 22% | 22% | 24% | 19% | 23% |
| Net Profit | 45 | 77 | 52 | 81 | 67 | 113 | 97 | 97 | 140 | 412 | 216 | 465 | 280 |
| EPS in Rs | 7.70 | 13.02 | 8.72 | 13.54 | 11.55 | 18.02 | 16.12 | 15.91 | 22.34 | 65.15 | 28.50 | 66.54 | 37.20 |
Last Updated: August 2, 2025, 1:10 am
Below is a detailed analysis of the quarterly data for Dixon Technologies (India) Ltd based on the most recent figures (Jun 2025) and their trends compared to the previous period:
- For Sales, as of Jun 2025, the value is 12,836.00 Cr.. The value appears strong and on an upward trend. It has increased from 10,293.00 Cr. (Mar 2025) to 12,836.00 Cr., marking an increase of 2,543.00 Cr..
- For Expenses, as of Jun 2025, the value is 12,353.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 9,850.00 Cr. (Mar 2025) to 12,353.00 Cr., marking an increase of 2,503.00 Cr..
- For Operating Profit, as of Jun 2025, the value is 482.00 Cr.. The value appears strong and on an upward trend. It has increased from 443.00 Cr. (Mar 2025) to 482.00 Cr., marking an increase of 39.00 Cr..
- For OPM %, as of Jun 2025, the value is 4.00%. The value remains steady. There is no change compared to the previous period (Mar 2025) which recorded 4.00%.
- For Other Income, as of Jun 2025, the value is 8.00 Cr.. The value appears to be declining and may need further review. It has decreased from 265.00 Cr. (Mar 2025) to 8.00 Cr., marking a decrease of 257.00 Cr..
- For Interest, as of Jun 2025, the value is 33.00 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 46.00 Cr. (Mar 2025) to 33.00 Cr., marking a decrease of 13.00 Cr..
- For Depreciation, as of Jun 2025, the value is 93.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 86.00 Cr. (Mar 2025) to 93.00 Cr., marking an increase of 7.00 Cr..
- For Profit before tax, as of Jun 2025, the value is 366.00 Cr.. The value appears to be declining and may need further review. It has decreased from 576.00 Cr. (Mar 2025) to 366.00 Cr., marking a decrease of 210.00 Cr..
- For Tax %, as of Jun 2025, the value is 23.00%. The value appears to be increasing, which may not be favorable. It has increased from 19.00% (Mar 2025) to 23.00%, marking an increase of 4.00%.
- For Net Profit, as of Jun 2025, the value is 280.00 Cr.. The value appears to be declining and may need further review. It has decreased from 465.00 Cr. (Mar 2025) to 280.00 Cr., marking a decrease of 185.00 Cr..
- For EPS in Rs, as of Jun 2025, the value is 37.20. The value appears to be declining and may need further review. It has decreased from 66.54 (Mar 2025) to 37.20, marking a decrease of 29.34.
Overall, while many items appear to show a positive trend, any significant downward movement warrant further investigation.
Profit & Loss - Annual Report
Last Updated: October 15, 2025, 5:50 am
| 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 | 45,116 |
| 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 | 43,374 |
| Operating Profit | 26 | 32 | 49 | 92 | 113 | 136 | 228 | 292 | 384 | 519 | 705 | 1,515 | 1,742 |
| 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 | 490 |
| Interest | 11 | 10 | 13 | 16 | 13 | 26 | 39 | 33 | 49 | 64 | 81 | 162 | 158 |
| Depreciation | 5 | 7 | 8 | 11 | 15 | 22 | 37 | 44 | 84 | 115 | 162 | 281 | 319 |
| Profit before tax | 18 | 17 | 51 | 66 | 88 | 94 | 157 | 217 | 255 | 345 | 494 | 1,570 | 1,756 |
| 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 | 1,373 |
| 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 | 197.39 |
| Dividend Payout % | 2% | 3% | 9% | 14% | 4% | 4% | 4% | 4% | 6% | 7% | 8% | 4% |
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: November 9, 2025, 1:31 pm
| 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.
Cash Flow - No data available for this post.
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.
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% |
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 | 1,451,014 | 2025-04-22 13:31:13 | 0% |
| Kotak Emerging Equity Fund - Regular Plan | 940,364 | 1.44 | 563.38 | 940,364 | 2025-04-22 16:16:22 | 0% |
| Nippon India Small Cap Fund | 549,728 | 0.72 | 329.35 | 549,728 | 2025-04-22 16:16:22 | 0% |
| Canara Robeco Emerging Equities | 445,550 | 1.34 | 266.93 | 445,550 | 2025-04-22 16:16:22 | 0% |
| Nippon India Growth Fund | 399,898 | 0.98 | 239.58 | 399,898 | 2025-04-22 16:16:22 | 0% |
| PGIM India Midcap Opportunities Fund | 399,033 | 2.4 | 239.06 | 399,033 | 2025-04-22 16:16:22 | 0% |
| DSP Mid Cap Fund | 374,488 | 1.36 | 224.36 | 374,488 | 2025-04-22 16:16:22 | 0% |
| UTI Flexi Cap Fund | 281,626 | 0.67 | 168.73 | 281,626 | 2025-04-22 16:16:22 | 0% |
| Edelweiss Mid Cap Fund | 240,705 | 2.93 | 144.21 | 240,705 | 2025-04-22 16:16:22 | 0% |
| Axis Midcap Fund | 234,932 | 0.57 | 140.75 | 234,932 | 2025-04-22 16:16:22 | 0% |
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.
Strength and Weakness
| Strength | Weakness |
|---|---|
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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:
- 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.
- 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.
- 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.
- 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.
- 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.
- Stock P/E: 71.6 (Industry average Stock P/E: 75.62)
- 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.
- 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.
Stock Rating: - Net Profit Margin: 3.12%
About the Company - Qualitative Analysis
| 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 |
| 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 12 November 2025) is 12631.74 which is 17.48% lower the current market price of 15,307.00, indicating overvalued. Calculated using the PE ratio method, this valuation considers the company's 92,616 Cr. market cap, FY2025-2026 high/low of 19,150/12,202, 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 92,616 Cr..
What is the current Stock Price of Dixon Technologies (India) Ltd as on 12 November 2025?
The current stock price of Dixon Technologies (India) Ltd as on 12 November 2025 is 15,307.
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 19,150/12,202.
What is the Stock P/E of Dixon Technologies (India) Ltd?
The Stock P/E of Dixon Technologies (India) Ltd is 71.6.
What is the Book Value of Dixon Technologies (India) Ltd?
The Book Value of Dixon Technologies (India) Ltd is 672.
What is the Dividend Yield of Dixon Technologies (India) Ltd?
The Dividend Yield of Dixon Technologies (India) Ltd is 0.05 %.
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.