Dixon Technologies
Market cap ₹68,456 Cr
- P/E
- 32.72
- Day range
- ₹11,100.00 – ₹11,689.00
- 52-week range
- ₹9,600.00 – ₹15,775.00
- Volume
- 3.52 L
- Open
- ₹11,625.00
- Prev close
- ₹11,594.00
Latest results · Q1 FY27(consolidated)Revenue ₹15,548 Cr+21.1%Profit ₹718 Cr+156.3%Margin 4.6%YoY vs the same quarter last year
No red flags in exchange filings: no rising pledge, promoter selling, surveillance or critical filing on record.
DIXON in NSE indices and F&O
F&O margin for one lot of DIXON (50 shares)Research profile
Composite 39 / 100Factor percentiles
Derived metrics
- Earn. yield
- 3.1%
- Graham no.
- ₹2,263.30
- vs Graham
- -79.8%
- ROE ÷ P/B
- 2.8%
- 12-1 mom.
- -21.3%
- Return / vol
- -0.86
- Magic Formula
- #138
- Piotroski
- 5/8
- FCF yield
- 1.0%
Appears in 15 scans
Percentiles rank this stock against the other tracked stocks and change as they do. Scans describe where figures sit today. Hover a label for its definition. Not investment advice.
Peer comparison
All 90 in Consumer| Company | M-cap | P/E | P/B | ROE | ROCE | OPM | D/E | Sales YoY |
|---|---|---|---|---|---|---|---|---|
| Titan CompanyTITAN | ₹3.82 L Cr | 66.27 | 24.29 | 37.1% | 21.0% | 14.0% | 1.95 | +29.3% |
| Asian PaintsASIANPAINT | ₹2.21 L Cr | 46.44 | 10.25 | 21.6% | 26.0% | 21.0% | 0.18 | +17.9% |
| Avenue SupermartsDMART | ₹2.06 L Cr | 66.03 | 7.92 | 12.9% | 17.0% | 7.0% | 0.16 | +17.8% |
| TrentTRENT | ₹1.45 L Cr | 80.41 | 20.82 | 27.7% | 28.0% | 19.0% | 0.37 | +17.9% |
| The Indian Hotels CompanyINDHOTEL | ₹1.11 L Cr | 50.34 | 8.16 | 18.6% | 17.0% | 28.0% | 0.25 | +21.7% |
| LG Electronics IndiaLGEINDIA | ₹1.09 L Cr | 59.90 | 14.26 | 24.7% | 32.0% | 12.0% | 0.06 | +15.5% |
| Lenskart SolutionsLENSKART | ₹1.09 L Cr | 169.31 | 12.45 | 6.8% | 8.0% | 22.0% | 0.35 | +43.3% |
| Dixon TechnologiesDIXON | ₹68,456 Cr | 32.72 | 15.08 | 42.8% | 29.0% | 3.0% | 0.21 | +21.1% |
| Sector median | ₹10,032 Cr | 37.97 | 4.95 | 13.0% | 15.0% | 12.5% | 0.27 | +17.9% |
Sector as classified in the tracked universe; medians use every tracked Consumer company, and P/E only profitable ones. Tinted figures beat the median.
Latest news
Updated 7d agoHeadlines about Dixon Technologies from the last two weeks in the financial press. Stories belong to their publishers; Parasram India does not endorse them.
Key metrics
- P/E (TTM)
- 36.5
- Price / Book
- 14.55
- ROE (FY26)
- 42.8%
- ROCE (latest year)
- 29%
- Dividend yield
- 0.09%
Moving averages (NSE)
- 20-day
- ₹12,669.5
- Price below
- 50-day
- ₹13,505.48
- Price below
- 200-day
- ₹12,095.3
- Price below
Charts & trends
From company filings. Amounts in ₹ crore.
Revenue, profit & margin - quarterly
₹ crore; a loss shows red. Operating margin below, same periods.
- Revenue
- Net profit
Operating margin
Who owns the company
% of equity by quarter, latest Sept 2026
- DII
- Promoter
- Public
- FII
Cash flows
Where cash came from and went, by fiscal year (₹ crore)
- Operating
- Investing
- Financing
- Free cash flow
Return on equity
Net profit over shareholders' equity, by fiscal year
Equity vs debt
Shareholders' equity against borrowings (₹ crore); the ratio below, same years.
- Equity
- Debt
Debt to equity
Dividends per share
₹ by fiscal year of the ex-date; the latest year runs to date. Not adjusted for the split of 18 Mar 2021: earlier bars are per pre-split share.
Financial statements
| Line item | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 4,943 | 4,818 | 4,658 | 6,580 | 11,534 | 10,454 | 10,293 | 12,836 | 14,855 | 10,672 | 10,511 | 15,548 |
| Expenses | 4,744 | 4,634 | 4,476 | 6,332 | 11,108 | 10,063 | 9,850 | 12,353 | 14,294 | 10,257 | 10,102 | 15,085 |
| Operating Profit | 199 | 184 | 182 | 248 | 426 | 391 | 443 | 482 | 561 | 414 | 408 | 463 |
| OPM % | 4% | 3.8% | 3.9% | 3.8% | 3.7% | 3.7% | 4.3% | 3.8% | 3.8% | 3.9% | 3.9% | 3% |
| Other Income | 3 | 4 | 19 | 16 | 206 | 10 | 265 | 8 | 497 | 139 | 90 | 537 |
| Interest | 17 | 22 | 21 | 29 | 38 | 41 | 46 | 33 | 38 | 43 | 24 | 24 |
| Depreciation | 36 | 41 | 51 | 55 | 66 | 75 | 86 | 93 | 96 | 99 | 105 | 107 |
| Profit before tax | 149 | 126 | 130 | 180 | 529 | 285 | 576 | 366 | 924 | 412 | 370 | 869 |
| Tax % | 24% | 23% | 25% | 22% | 22% | 24% | 19% | 23% | 19% | 22% | 19% | 17% |
| Net Profit | 113 | 97 | 97 | 140 | 412 | 216 | 465 | 280 | 746 | 321 | 298 | 718 |
| EPS in Rs | ₹18.02 | ₹16.12 | ₹15.91 | ₹22.34 | ₹65.15 | ₹28.50 | ₹66.54 | ₹37.20 | ₹110.72 | ₹47.34 | ₹42.17 | ₹108.60 |
From company filings, updated 26 Oct 2026. Consolidated figures where the company reports them. Information only, not investment advice.
Working-capital cycle
-13 days since Mar 2021
-16 days since Mar 2021
-22 days since Mar 2021
-8 days since Mar 2021
-12 days since Mar 2021
Strengths, risks & growth
Dixon Technologies (India) Limited, incorporated in 1993 , is a Electronic Manufacturing Services (EMS) company with operations in the electronic products vertical such as consumer electronics, lighting, home appliance, closed-circuit television cameras (CCTVs), and mobile phones. It also undertakes reverse logistics operations. Besides, it manufactures security surveillance equipment, wearables & audibles, AC-PCBs. Recently, it has entered a JV with Imagine Marketing Private Limited for designing and manufacturing wireless audio solutions in India. [1]
Strengths
- Company has delivered good profit growth of 35.4% CAGR over last 5 years
- Company's median sales growth is 45.8% of last 10 years
Risks
- Stock is trading at 14.6 times its book value
- Earnings include an other income of Rs.1,263 Cr.
- Promoter holding has decreased over last 3 years: -5.30%
Compounded Sales Growth
- 10 Years
- +43%
- 5 Years
- +50%
- 3 Years
- +59%
- TTM
- +14%
Compounded Profit Growth
- 10 Years
- +35%
- 5 Years
- +35%
- 3 Years
- +41%
- TTM
- +119%
Stock Price CAGR
- 10 Years
- —
- 5 Years
- +17%
- 3 Years
- +28%
- 1 Year
- -28%
Return on Equity
- 10 Years
- +22%
- 5 Years
- +22%
- 3 Years
- +22%
- Last Year
- +19%
Strengths and risks are a machine-generated checklist, not advice; growth is compounded annually over each period.
Shareholding pattern
| Holder | Dec 2025 | Mar 2026 | Jun 2026 | Sept 2026 | Change |
|---|---|---|---|---|---|
| Promoter | 28.83% | 28.69% | 28.55% | 28.50% | -0.05 pp |
| FII | 18.68% | 18.30% | 17.87% | 18.96% | +1.09 pp |
| DII | 29.06% | 28.14% | 28.38% | 28.72% | +0.34 pp |
| Public | 23.43% | 24.87% | 25.20% | 23.83% | -1.37 pp |
Filed with NSE for Sept 2026: promoters 28.50%, public 71.50% · XBRL filing
Analysts & fund holdings
Who holds the shares, quarter by quarter
Mutual funds 19.26% (-0.79 pp)- Promoters28.5%
- Foreign institutions19.0%
- Mutual funds19.3%
- Insurance6.4%
- Other domestic institutions3.1%
- Retail11.3%
- Others12.6%
| Fund | % of company | % of fund | 3-month change |
|---|---|---|---|
| Kotak Mid Cap Fund | 2.15% | 2.44% | +0.36 pp |
| Motilal Oswal Midcap Fund | 1.82% | 3.43% | +0.17 pp |
| UTI Flexi Cap Fund | 1.08% | 3.61% | +0.53 pp |
| HDFC Mid Cap Fund | 0.89% | 0.66% | +0.05 pp |
| Canara Rob Large and Mid Cap Fund | 0.84% | 2.59% | +0.51 pp |
Scorecard
- Performance
- Avg
- Valuation
- High
- Growth
- Avg
- Profitability
- High
- Entry point
- Good
- Red flags
- Low
Analyst coverage, holdings and scorecard from market data; not a recommendation by Parasram India.
Risk & trend
From 275 daily sessions to 23 Oct 2026.
Risk
- Volatility (1Y)
- 38.0%
- Downside volatility
- 35.6%
- Worst 5% of days
- 3.6%
- Average of that tail
- 4.8%
- Max drawdown (1Y)
- 47.2%
- Below its peak
- 39.0%
Against the market
- Beta vs Nifty 50
- 1.40
- Correlation
- 0.49
- Relative strength (3M)
- -13.8%
- ATR (14)
- 3.5%
Return
- Return 1M
- -14.5%
- Return 3M
- -19.1%
- Return 6M
- -0.7%
- Return 1Y
- -32.7%
- vs 200-day average
- -7.5%
Momentum
- RSI (14) · oversold
- 21.9
- MACD histogram
- -128.39
- Stochastic %K
- 4.6
- ADX (14)
- 36.5
- +DI / −DI
- 8.1 / 37.4
- Money flow index
- 13.9
Participation
- Delivery (20d avg)
- 38.1%
- vs its 60-day baseline
- -0.3 pts
- Volume vs 20-day
- +0.7σ
- Close vs day's VWAP
- -0.8%
- 52-week position
- 18 / 100
These describe what this stock's price has already done. They are not forecasts, signals or recommendations, and a dash means the figure was withheld for want of enough history rather than being zero.
Financial quality
From consolidated statements to 31 Mar 2026.
Piotroski F-Score
5 of 8 tested
- Return on assets positive — passed
- Operating cash flow positive — passed
- Return on assets improving — failed
- Cash flow exceeds profit — passed
- Debt to assets falling — failed
- Current ratio improving — passed
- No new equity issued — not testableno share count is collected, and financing cash flow mixes equity with debt
- Operating margin improving — passed
- Asset turnover improving — failed
- Free cash flow
- ₹715 Cr
- FCF yield
- 1.0%
- Cash conversion
- 1.08
- Accruals ratio
- -0.007
- Net debt
- ₹125 Cr
- Net debt / equity
- 0.03
- EV / sales
- 1.33
- Capex intensity
- 2.2%
- Revenue CAGR
- 2.1%
- Profit CAGR
- -35.9%
Computed from filed statements, not filed themselves. A dash means an input was absent, and the score counts only the criteria that could actually be tested.
Corporate actions
- dividend₹10.00
Dividend - Rs 10 Per Share
21 Sept 2026ex-date - dividend₹8.00
Dividend - Rs 8 Per Share
16 Sept 2025ex-date - dividend₹5.00
Annual General Meeting/Dividend - Rs 5 Per Share
17 Sept 2024ex-date - dividend₹3.00
Annual General Meeting/Dividend - Rs 3 Per Share
22 Sept 2023ex-date - dividend₹2.00
Annual General Meeting/Dividend - Rs 2 Per Share
11 Aug 2022ex-date - dividendNot available — not reported in this filing
Annual General Meeting/Dividend - Re 1 Per Share
20 Sept 2021ex-date - splitNot available — not reported in this filing
Face Value Split (Sub-Division) - From Rs 10/- Per Share To Rs 2/- Per Share
18 Mar 2021ex-date - otherNot available — not reported in this filing
Annual General Meeting
21 Sept 2020ex-date - dividend₹4.00
Interim Dividend - Rs 4 Per Share
24 Mar 2020ex-date - dividend₹2.00
Annual General Meeting/Dividend - Rs 2 Per Share
23 Jul 2019ex-date - dividend₹2.00
Annual General Meeting/Dividend- Rs 2 Per Share
17 Jul 2018ex-date
Company announcements
We wish to inform you that Dixon Technologies (India) Limited ('Company') has arranged a Conference Call for the Un-Audited Financial Results (Standalone and Consolidated) of the Company ....
Dixon Technologies (India) Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 30/10/2026 ,inter alia, to consider and approve the Un-Audited Financial ....
Announcement under Regulation 30 of SEBI LODR- Giving of Guarantees or indemnity or becoming a surety for any third party.
Announcement under Regulation 30 of SEBI LODR- ESG Rating by Crisil ESG Ratings & Analytics Ltd.
Pursuant to the provisions of Regulations 30 and 46 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with Para A of Part A of Schedule III of the said ....
Compliances- Certificate under Regulation 74(5) of SEBI (DP) Regulations for the quarter ended 30th September, 2026
Announcement under Regulation 30 of SEBI LODR- Execution of Joint Venture Agreement between Dixon Technologies (India) Limited, Dixon Electroconnect Private Limited and Gemtek Technology Co., Ltd.
Pursuant to the provisions of Regulations 30 and 46 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with Para A of Part A of Schedule III of the said ....
Announcement under Regulation 30 of SEBI LODR- Execution of Intellectual Property License Agreement between Dixon Electro Appliances Private Limited, Subsidiary/ Joint Venture of Dixon ....
Announcement under Regulation 30 of SEBI LODR- Change in Management
Closure of Trading Window with effect from 1st October, 2026 until 48 hours after the declaration of financial results (standalone & consolidated) of the Company for the quarter and half ....
Regulation 30 of SEBI LODR- Scrutinizer's Report of 33rd Annual General Meeting of Dixon Technologies (India) Limited along with voting results
Shareholder Meeting- Proceedings of 33rd AGM of Dixon Technologies (India) Limited held on 28th September, 2026 at 11:00 A.M. (IST)
Pursuant to the provisions of Regulations 30 and 46 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with Para A of Part A of Schedule III of the said ....
Pursuant to the provisions of Regulations 30 and 46 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with Para A of Part A of Schedule III of the said ....
Filed with BSE (scrip 540699); the last 45 days. Documents open at bseindia.com.
Documents
Annual reports
Earnings calls
- Aug 2026TranscriptSlidesRecording
- May 2026TranscriptSlidesRecording
- Feb 2026TranscriptSlidesRecording
- Oct 2025TranscriptSlidesRecording
- Jul 2025TranscriptSlidesRecording
- May 2025TranscriptSlidesRecording
Credit ratings
- Rating update · 6 Jan from icra
- Rating update · 28 Nov 2025 from icra
- Rating update · 9 Aug 2024 from icra
- Rating update · 18 Apr 2024 from icra
- Rating update · 29 Nov 2023 from icra
- Rating update · 30 Aug 2023 from icra
Documents open at BSE or the rating agency that issued them.
Sourced from the company's NSE XBRL filing dated 31 Jul 2026 (unaudited). View the source filing. Figures are as filed and are not investment advice.
Dixon Technologies: common questions
Answered from the figures on this page.
