Dixon Technologies is an Indian multinational electronics manufacturing services company, which is founded in 1993 by Sunil Vachani as Weston Utilities Limited. It’s headquartered is in Noida. Dixon technologies limited manufacturer of televisions, smartphones, LED bulbs, CCTV security systems, Washing machine for other companies like Samsung, Xiaomi, Panasonic and Philips. It launched first colour television in India. On 18 September 2017 Dixon Technologies limited listed on NSE.
Dixon has given tremendous return to the investors. In last five years Dixon has given 2,333.53% returns while in last one year it has given 179.75% returns. From the listing in Stock market it never make investor upset, always make them rick by giving multiple returns. It’s a good stock to buy at any downfall to get maximum returns.
Current Dixon Share Price :-
| Price Summary | Value |
|---|---|
| Today’s High | ₹ 17,038.35 |
| Today’s Low | ₹ 16,630 |
| 52 Week High | ₹ 16,840.25 |
| 52 Week Low | ₹ 5,785 |
Fundamentals of Dixon Technologies Ltd :-
| Parameter | Value |
|---|---|
| Market Cap | ₹ 1,00,364.45 Cr. |
| Enterprise Value | ₹ 1,00,317.89 Cr. |
| Number of Shares | 6.03 Cr. |
| P/E Ratio | 140.34 |
| P/B Ratio | 45.03 |
| Face Value | ₹ 2 |
| Dividend Yield | 0.03% |
| Book Value (TTM) | ₹ 369.63 |
| Cash | ₹ 229.18 Cr. |
| Debt | ₹ 182.62 Cr. |
| Promoter Holding | 32.89% |
| EPS (TTM) | ₹ 118.60 |
| Sales Growth | 45.10% |
| ROE | 25.47% |
| ROCE | 34.65% |
| Profit Growth | 46.98% |
The company has shown an amazing Profit Growth of 42.7 % in last three years with 46.98 % in last year.
The company has shown good Sale Growth of 42.75% in past three years while 45.1 % in last year.
The company has a good cash flow.
The company has maintaining healthy ROCE of 29.51 % over the past 3 years while ROE of 23.43% in last 3 years.
Shareholding in Dixon from last three years :-
| Category | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2024 |
|---|---|---|---|---|
| Promoters + | 34.30% | 34.05% | 33.44% | 32.89% |
| FIIs + | 16.39% | 12.04% | 17.85% | 22.69% |
| DIIs + | 7.98% | 23.76% | 27.01% | 23.14% |
| Public + | 41.33% | 30.13% | 21.71% | 21.27% |
| No. of Shareholders | 3,79,160 | 3,67,727 | 2,52,843 | 2,85,363 |
Target in Dixon Share :-
| Year | Target |
|---|---|
| 2025 | 18,000 |
| 2026 | 20,000 |
| 2027 | 22,000 |
| 2028 | 25,000 |
| 2029 | 28,000 |
| 2030 | 32,000 |
Quarterly Results :-
| Particulars | MAR 2024 | JUN 2024 | SEP 2024 |
|---|---|---|---|
| Net Sales | 4,657.97 | 6,579.80 | 11,534.08 |
| Total Expenditure | 4,475.52 | 6,331.90 | 11,107.71 |
| Operating Profit | 182.45 | 247.90 | 426.37 |
| Other Income | 16.68 | 8.18 | -5.73 |
| Interest | 21.40 | 29.29 | 37.93 |
| Depreciation | 51.03 | 54.51 | 66.00 |
| Exceptional Items | 0.00 | 0.00 | 209.61 |
| Profit Before Tax | 126.70 | 172.28 | 526.32 |
| Tax | 32.21 | 40.02 | 117.22 |
| Profit After Tax | 94.49 | 132.26 | 409.10 |
| Adjustments | 0.68 | 1.42 | -19.25 |
| Consolidated Net Profit | 95.17 | 133.68 | 389.85 |
| Adjusted EPS (Rs) | 15.91 | 22.34 | 65.14 |
Profit and Loss :-
| MAR 2023 | MAR 2024 | |
|---|---|---|
| Net Sales | 12,192.01 | 17,690.90 |
| Total Expenditure | 11,675.76 | 16,987.03 |
| Operating Profit | 516.25 | 703.87 |
| Other Income | 5.61 | 22.56 |
| Interest | 64.07 | 80.96 |
| Depreciation | 114.63 | 161.88 |
| Exceptional Items | 0.00 | 0.00 |
| Profit Before Tax | 344.78 | 493.83 |
| Tax | 89.70 | 118.91 |
| Profit After Tax | 255.08 | 374.92 |
| Adjustments | 0.44 | -7.17 |
| Consolidated Net Profit | 255.52 | 367.75 |
| Adjusted EPS (Rs.) | 42.91 | 61.50 |
Balance Sheet 2023-2024 :-
| Particulars | MAR 2023 | MAR 2024 |
|---|---|---|
| Equity and Liabilities | ||
| Share Capital | 11.91 | 11.96 |
| Total Reserves | 1,273.00 | 1,682.89 |
| Minority Interest | -0.28 | 27.61 |
| Borrowings | 145.23 | 112.60 |
| Other N/C Liabilities | 308.58 | 422.85 |
| Current Liabilities | 2,940.99 | 4,731.62 |
| Total Liabilities | 4,679.43 | 6,989.53 |
| Assets | ||
| Net Block | 1,243.64 | 1,996.25 |
| Capital WIP | 119.70 | 64.27 |
| Intangible WIP | 0.00 | 4.07 |
| Investments | 14.15 | 20.04 |
| Loans & Advances | 161.38 | 67.20 |
| Other N/C Assets | 1.29 | 1.42 |
| Current Assets | 3,139.27 | 4,836.28 |
| Total Assets | 4,679.43 | 6,989.53 |
Cash Flows :-
| Particulars | MAR 2022 | MAR 2023 | MAR 2024 |
|---|---|---|---|
| Profit from Operations | 254.71 | 343.16 | 483.59 |
| Adjustment | 136.12 | 188.19 | 231.32 |
| Changes in Assets & Liabilities | -64.09 | 276.39 | -8.81 |
| Tax Paid | -53.98 | -81.99 | -121.79 |
| Operating Cash Flow | 272.76 | 725.75 | 584.31 |
| Investing Cash Flow | -464.46 | -355.55 | -530.90 |
| Financing Cash Flow | 304.32 | -329.62 | -69.97 |
| Net Cash Flow | 112.62 | 40.58 | -16.56 |
Dixon Technologies limited company manufactures and provides consumer durables, home appliances, lighting, mobile phones and security devices. Dixon offers end to end manufacturing solutions, including designing, global sourcing, manufacturing, quality testing and packaging. Also offer repair and refurbished services for products like mobile phones, LED TV and set top boxes. Dixon is a contract manufacturer for companies like Samsung, Xiaomi, Panasonic and philips.