Dixon Technologies (India) Ltd

DIXON

Watchlist

AI Mode

‌

Market Cap

₹ 83,363 Cr

P/E

65.91

Turned 1 L into 4.97 L in last 5 Years

‌

Investment Checklist

How to read checklist?

Performance

MARKET LEADER

Valuation

REASONABLE

Growth

STABLE

Profitability

HIGH MARGIN

Technicals

Bearish

Risk

HIGH RISK

Investment Checklist

‌

‌
‌

‌

‌
‌

‌

‌
‌

‌

‌
‌

‌

‌
‌

‌

‌
‌

‌

Price

PE Ratio

Price

‌

Overview

Detailed Summary

Dixon Technologies (India) Limited is a prominent electronic goods manufacturer, specializing in consumer electronics, lighting products, home appliances, and mobile phones.

In Q2 FY '26, Dixon achieved a remarkable 29% year-on-year revenue growth, reaching INR 14,858 crores despite demand distortions due to GST rate changes.

The company is expanding its production capabilities with strategic partnerships, such as the 74:26 joint venture with HKC for smartphone and notebook displays.

Dixon's aggressive capacity expansion includes a new mobile manufacturing campus in Noida aimed at enhancing its production capabilities and meeting future demand.

The company is actively pursuing backward integration for components, including display and camera modules, to improve margins and strengthen its market position.

Sector

Consumer Durables

Industry

Electronics - TV / Audio / VCR / VCP

Market Cap

83,363 Cr

Volatility

High Risk

P/E Ratio

65.9

Industry P/E

54.7

PEG Ratio

2.8

P/B Ratio

20.5

52W High

19,149.80

52W Low

12,133.50

Sales CAGR

119.66%

-10.30%

8.03%

10Y

17.42%

Profit CAGR

228.76%

55.34%

38.61%

10Y

43.87%

ROE

TTM

31.12%

26.54%

25.20%

10Y

24.47%

ROCE

TTM

35.63%

33.03%

30.33%

10Y

29.95%

Technicals

‌

Forecasts

No. of Analysts

39

1Y Price Target

18238.34 ▲ 33.82%

Q3 EPS Estimate

Q3 Revenue Estimate

Unlock Premium Features

Price, EPS and Revenue Projections

Strong SellSellHoldBuyStrong Buy

Buy

Strong Buy

Buy

Hold

Sell

Strong Sell

updated on

Dec 03, 2025

Peers

Symbol	Price	Market Cap	P/E	P/B	Div Yield (%)	ROE (%)	ROCE (%)	ROA (%)
LGEINDIA	1574.40	1,06,679 Cr	48.46	17.87	0.00	40.64	49.90	16.79
HAVELLS	1414.00	88,647 Cr	60.60	10.22	0.71	16.87	22.30	10.70
DIXON	13736.90	83,363 Cr	65.91	20.51	0.06	31.12	35.63	8.69
VOLTAS	1390.00	45,967 Cr	83.89	7.22	0.50	8.60	10.53	4.18
BLUESTARCO	1804.25	37,141 Cr	69.18	11.94	0.50	17.55	18.66	6.91
KAYNES	4199.00	28,148 Cr	74.33	6.01	0.00	8.09	10.39	5.62
AMBER	6802.45	23,911 Cr	107.25	6.56	0.00	6.11	8.65	2.51

Financial Statements

AI Powered Summary

Discover detailed, AI-driven financial summaries that break down key metrics, trends, and insights—empowering you to make smarter investment decisions.

AI Mode

Consolidated Quarterly Results (in ₹ Crores)

View Standalone

Total Figures

QoQ Changes

Total Figures

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
Sales	3,272	4,943	4,818	4,658	6,580	11,534	10,454	10,293	12,836	14,855
Expenses	3,140	4,744	4,634	4,476	6,332	11,108	10,063	9,850	12,353	14,294
Operating Profit	132	199	184	182	248	426	391	443	482	561
OPM %	4.03	4.02	3.83	3.92	3.77	3.70	3.74	4.30	3.76	3.78
Other Income	5.88	3.19	4.25	19	16	206	10	265	8.44	497
Interest	14	17	22	21	29	38	41	46	33	38
Depreciation	34	36	41	51	55	66	75	86	93	96
Profit Before Tax	90	149	126	130	180	529	285	576	366	924
Tax %	25.38	23.68	22.80	24.87	22.27	22.16	24.16	19.28	23.39	19.26
Net Profit	67	113	97	97	140	412	216	465	280	746
EPS in Rs	11.08	18.66	16.02	16.02	22.97	67.35	35.38	76.07	46.27	122.73

Consolidated Profit Loss (in ₹ Crores)

View Standalone

Total Figures

YoY Changes

Total Figures

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Sales	2,499	2,853	2,984	4,400	6,448	10,697	12,192	17,691	38,860	45,116
Expenses	2,366	2,730	2,850	4,177	6,162	10,318	11,679	16,993	37,353	43,374
Operating Profit	133	124	135	223	287	379	513	698	1,508	1,742
OPM %	5.32	4.34	4.52	5.07	4.44	3.54	4.21	3.94	3.88	3.86
Other Income	1.41	4.17	5.63	5.20	1.58	3.75	7.23	33	498	490
Interest	16	13	25	35	27	44	61	75	154	158
Depreciation	11	15	22	37	44	84	115	162	281	319
Profit Before Tax	66	88	94	157	217	255	345	494	1,570	1,756
Tax %	28.34	30.98	32.46	23.13	26.36	25.28	26.02	24.08	21.48	21.80
Net Profit	48	61	63	121	160	190	255	375	1,233	1,373
EPS in Rs	—	18.32	10.43	19.31	17.74	30.92	41.85	61.79	201.77	280.45
Dividend Payout %	13.75	3.67	3.63	19.47	3.72	6.25	7.04	8.01	3.95	—

Consolidated Balance Sheet (in ₹ Crores)

View Standalone

Total Figures

YoY Changes

Total Figures

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	3.10	11	11	11	12	12	12	12	12	12
Reserves	114	186	304	367	530	726	985	1,273	1,683	2,998
Borrowings	77	43	41	136	83	295	667	453	489	671
Other Liabilities	217	549	610	978	1,073	1,814	2,613	2,941	4,808	13,086
Total Liabilities	412	789	966	1,492	1,697	2,846	4,277	4,679	6,991	16,767
Fixed Assets	124	137	179	241	414	550	1,003	1,244	1,996	2,774
CWIP	0.01	1.96	16	19	9.55	72	22	120	68	257
Investments	0.10	0.00	11	7.61	0.00	95	141	44	20	536
Other Assets	288	650	759	1,225	1,274	2,128	3,111	3,272	4,907	13,201
Total Assets	412	789	966	1,492	1,697	2,846	4,277	4,679	6,991	16,767

Consolidated Cash Flows (in ₹ Crores)

View Standalone

Total Figures

YoY Changes

Total Figures

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operating Activity	42	53	68	-3.06	237	170	273	726	584	1,150
Cash from Investing Activity	-22	-43	-100	-64	-99	-265	-464	-356	-531	-1,093
Cash from Financing Activity	-20	-8.42	42	69	-57	63	304	-330	-70	-27
Net Cash Flow	0.59	1.04	9.95	1.76	81	-32	113	41	-17	30

Shareholdings

Shareholding History

Quarterly

Yearly

Quarterly

	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
Promoters	34.06%	34.05%	34.04%	33.80%	33.63%	33.44%	33.24%	32.89%	32.42%	32.27%	28.95%	28.92%
FIIs	16.67%	12.05%	14.99%	15.66%	17.41%	17.84%	19.33%	22.69%	23.22%	21.81%	20.55%	20.69%
DIIs	18.91%	23.76%	24.61%	27.44%	26.40%	27.01%	26.08%	23.14%	22.62%	23.07%	26.69%	28.94%
Public	30.36%	30.14%	26.36%	23.10%	22.57%	21.71%	21.35%	21.28%	21.74%	22.85%	23.81%	21.45%
Total Shareholders	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	3,75,630	4,08,369	3,41,162

Market Transactions

Date	Party	Category	Type	Avg Price (₹)	Total Value (₹)	Quantity	Percent Traded
Jun 23, 2025	Sunil vachani	Bulk	Sell	13,301.47	2,221.35 Cr	16,70,000	2.77
Jun 23, 2025	Motilal oswal mutual fund	Bulk	Buy	13,307.96	662.25 Cr	4,97,634	0.82
Jun 23, 2025	Motilal oswal mutual fund	Bulk	Buy	13,307.96	1,261.60 Cr	9,48,003	1.57
Oct 25, 2024	Graviton research capital llp	Bulk	Buy	13,830.49	669.57 Cr	4,84,128	0.80
Oct 25, 2024	Graviton research capital llp	Bulk	Sell	13,856.31	679.28 Cr	4,90,228	0.81
Aug 30, 2024	Ubs principal capital asia li...	Bulk	Sell	13,178.47	904.13 Cr	6,86,064	1.13
Aug 30, 2024	Graviton research capital llp	Bulk	Sell	13,230.76	520.72 Cr	3,93,569	0.65
Aug 30, 2024	Graviton research capital llp	Bulk	Buy	13,218.46	528.17 Cr	3,99,569	0.66
Mar 08, 2024	Psv family trust under the tr...	Insider - Promoter Group	Acquisition	5,460.40	5,159.96 Cr	94,49,786	—
Mar 08, 2024	Ksv family trust under the tr...	Insider - Promoter Group	Acquisition	5,460.40	1,289.99 Cr	23,62,447	—

Projection

Unlock Premium Features

Get In-depth insights on EPS and Revenue forecasts

Actions

Action Type

‌
‌

Announcements

Last 7 days

Newest

Sentiment

Sorry, no results found!

Documents

Presentations

Concalls

Reports

Presentations

Investor Presentation

Q2 FY26

Investor Presentation

Q1 FY26

Investor Presentation

Q4 FY25

Investor Presentation

Q3 FY25

Investor Presentation

Q3 FY25

Investor Presentation

Q2 FY25

Investor Presentation

Q1 FY25

Investor Presentation

Q1 FY25

Showing 1 - 8 of 36

AI Mode

Get instant AI-powered insights about company performance, financials, and strategy. Ask questions about trends, competition, and developments while receiving responses backed by official documents and market data, with clear attribution to source documents.

AI Mode

Financial Statements

AI Powered Summary

Discover detailed, AI-driven financial summaries that break down key metrics, trends, and insights—empowering you to make smarter investment decisions.

AI Mode

Consolidated Quarterly Results (in ₹ Crores)

View Standalone

Total Figures

QoQ Changes

Total Figures

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
Sales	3,272	4,943	4,818	4,658	6,580	11,534	10,454	10,293	12,836	14,855
Expenses	3,140	4,744	4,634	4,476	6,332	11,108	10,063	9,850	12,353	14,294
Operating Profit	132	199	184	182	248	426	391	443	482	561
OPM %	4.03	4.02	3.83	3.92	3.77	3.70	3.74	4.30	3.76	3.78
Other Income	5.88	3.19	4.25	19	16	206	10	265	8.44	497
Interest	14	17	22	21	29	38	41	46	33	38
Depreciation	34	36	41	51	55	66	75	86	93	96
Profit Before Tax	90	149	126	130	180	529	285	576	366	924
Tax %	25.38	23.68	22.80	24.87	22.27	22.16	24.16	19.28	23.39	19.26
Net Profit	67	113	97	97	140	412	216	465	280	746
EPS in Rs	11.08	18.66	16.02	16.02	22.97	67.35	35.38	76.07	46.27	122.73

Consolidated Profit Loss (in ₹ Crores)

View Standalone

Total Figures

YoY Changes

Total Figures

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Sales	2,499	2,853	2,984	4,400	6,448	10,697	12,192	17,691	38,860	45,116
Expenses	2,366	2,730	2,850	4,177	6,162	10,318	11,679	16,993	37,353	43,374
Operating Profit	133	124	135	223	287	379	513	698	1,508	1,742
OPM %	5.32	4.34	4.52	5.07	4.44	3.54	4.21	3.94	3.88	3.86
Other Income	1.41	4.17	5.63	5.20	1.58	3.75	7.23	33	498	490
Interest	16	13	25	35	27	44	61	75	154	158
Depreciation	11	15	22	37	44	84	115	162	281	319
Profit Before Tax	66	88	94	157	217	255	345	494	1,570	1,756
Tax %	28.34	30.98	32.46	23.13	26.36	25.28	26.02	24.08	21.48	21.80
Net Profit	48	61	63	121	160	190	255	375	1,233	1,373
EPS in Rs	—	18.32	10.43	19.31	17.74	30.92	41.85	61.79	201.77	280.45
Dividend Payout %	13.75	3.67	3.63	19.47	3.72	6.25	7.04	8.01	3.95	—

Consolidated Balance Sheet (in ₹ Crores)

View Standalone

Total Figures

YoY Changes

Total Figures

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	3.10	11	11	11	12	12	12	12	12	12
Reserves	114	186	304	367	530	726	985	1,273	1,683	2,998
Borrowings	77	43	41	136	83	295	667	453	489	671
Other Liabilities	217	549	610	978	1,073	1,814	2,613	2,941	4,808	13,086
Total Liabilities	412	789	966	1,492	1,697	2,846	4,277	4,679	6,991	16,767
Fixed Assets	124	137	179	241	414	550	1,003	1,244	1,996	2,774
CWIP	0.01	1.96	16	19	9.55	72	22	120	68	257
Investments	0.10	0.00	11	7.61	0.00	95	141	44	20	536
Other Assets	288	650	759	1,225	1,274	2,128	3,111	3,272	4,907	13,201
Total Assets	412	789	966	1,492	1,697	2,846	4,277	4,679	6,991	16,767

Consolidated Cash Flows (in ₹ Crores)

View Standalone

Total Figures

YoY Changes

Total Figures

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operating Activity	42	53	68	-3.06	237	170	273	726	584	1,150
Cash from Investing Activity	-22	-43	-100	-64	-99	-265	-464	-356	-531	-1,093
Cash from Financing Activity	-20	-8.42	42	69	-57	63	304	-330	-70	-27
Net Cash Flow	0.59	1.04	9.95	1.76	81	-32	113	41	-17	30

Overview

Detailed Summary

Dixon Technologies (India) Limited is a prominent electronic goods manufacturer, specializing in consumer electronics, lighting products, home appliances, and mobile phones.

In Q2 FY '26, Dixon achieved a remarkable 29% year-on-year revenue growth, reaching INR 14,858 crores despite demand distortions due to GST rate changes.

The company is expanding its production capabilities with strategic partnerships, such as the 74:26 joint venture with HKC for smartphone and notebook displays.

Dixon's aggressive capacity expansion includes a new mobile manufacturing campus in Noida aimed at enhancing its production capabilities and meeting future demand.

The company is actively pursuing backward integration for components, including display and camera modules, to improve margins and strengthen its market position.

Sector

Consumer Durables

Industry

Electronics - TV / Audio / VCR / VCP

Market Cap

83,363 Cr

Volatility

High Risk

P/E Ratio

65.9

Industry P/E

54.7

PEG Ratio

2.8

P/B Ratio

20.5

52W High

19,149.80

52W Low

12,133.50

Sales CAGR

119.66%

-10.30%

8.03%

10Y

17.42%

Profit CAGR

228.76%

55.34%

38.61%

10Y

43.87%

ROE

TTM

31.12%

26.54%

25.20%

10Y

24.47%

ROCE

TTM

35.63%

33.03%

30.33%

10Y

29.95%