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Dixon Technologies (India) Ltd share Price Today

Company details

9,155.15
9,488.20
3,041.05
9,488.20
6M Return 70.02%
1Y Return 187.35%
Mkt Cap.(Cr) 55,548.91
Volume 779,953
Div Yield 0.05%
OI
-
OI Chg %
-
Volume 779,953

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Weak topline dents Q3 print…
About The Stock

    About the stock: Dixon Technologies is India’s leading electronic manufacturing (EMS)    provider and one of the largest beneficiaries of the government’s PLI scheme.

    • Dixon operates in both original equipment manufacturing (OEM) and original design manufacturing (ODM)
    • Strong RoE, RoCE at ~20%, ~24%, respectively (three year’s average)
Q3FY23 Results

    Revenue growth takes a hit, margins on track of recovery.

    • Revenues declined ~22% YoY to ₹ 2404.7 crore as a result of a sharp decline by ~39% each in revenues of consumer electronics & lighting products. Mobile and EMS segment revenue also declined 2.6% YoY
    • Gross margin improved 263 bps YoY owing to a better product mix and price hikes in some categories. As a result, EBITDA margin improved 127 bps YoY to 4.6% supported by better operating leverage and cost optimisation measures
    • PAT grew ~12% YoY to ~₹ 52 crore on account of better EBITDA

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Dixon Technologies (India) Ltd shares SWOT Analysis

Strengths (11)

  • Strong Momentum: Price above short, medium and long term moving averages
  • Company with high TTM EPS Growth
  • New 52 week high today

Weakness (4)

  • Decline in Net Profit (QoQ)
  • Declining Revenue every quarter for the past 2 quarters
  • Declining profits every quarter for the past 2 quarters

Opportunity (2)

  • Highest Recovery from 52 Week Low
  • RSI indicating price strength

Threats (3)

  • Promoter decreasing their shareholding
  • High PE (PE > 40)
  • Increasing Trend in Non-Core Income

Resistance and support

R1 9,464.2
R2 9,642.7
R3 9,797.3
Pivot

9,309.68

S1 9,131.2
S2 8,976.6
S3 8,798.1
EMA SMA
8,450.9
7,903.6
7,268.0
6,410.9
8,465.0
7,810.4
7,112.8
6,205.8
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
MARSHALL WACE INVESTMENT STRATEGIES - EUREKA FUND Block Purchase 2024-01-25 5920.1 17392 BSE
MARSHALL WACE INVESTMENT STRATEGIES - SYSTEMATIC ALPHA PLUS FUND Block Purchase 2024-01-25 5920.1 7701 BSE
BNP PARIBAS ARBITRAGE Block Sell 2024-01-25 5920.1 25093 BSE
Name Category Shares
GAYATRI VACHANI PROMOTER 6.5%
SUNIL VACHANI PROMOTER 6.2%
SURESH VASWANI PROMOTER 0.96%
PSV FAMILY TRUST UNDER THE TRUSTEES MR. SUNIL VACHANI AND MRS. GAYATRI VACHANI PROMOTER 15.8%
KSV FAMILY TRUST UNDER THE TRUSTEES MR. SUNIL VACHANI AND MRS. GAYATRI VACHANI PROMOTER 3.95%

OUR RESEARCH VIEW

Investment recommendation
Weak topline dents Q3 print…
Call Date
27 Jan 2023
Entry Price 2,745.00
Target Price 3,055.00
Duration
12-18 Month

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
PE
Debt/Equity
P BV

Dixon Technologies (India) Ltd Stocks COMPARISON

Financials( in Cr) Dixon Technologies (India) Ltd Havells India Ltd Voltas Ltd Blue Star Ltd Crompton Greaves Consumer Electricals Ltd
Price 9,285.70 1,842.95 1,297.65 1,529.50 389.25
% Change 1.77 -1.28 0.16 -3.05 -0.36
Mcap Cr 55,548.91 115,494.54 42,937.29 31,448.81 25,032.94
Revenue TTM Cr 12,192.01 16,910.73 9,498.77 7,977.32 6,869.61
Net Profit TTM Cr 255.08 1,071.73 136.22 400.69 476.40
PE TTM 148.43 91.92 169.99 78.24 57.03
1 Year Return 187.35 45.83 60.26 116.66 49.91
ROCE 23.60 21.93 9.54 23.89 17.89
ROE 22.36 16.97 4.46 23.42 18.64
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 1,293.73 Cr FV: 2.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 45,096.27 -32,128.50
LAST 3M 104,708.81 -35,737.56
LAST 6M 170,310.47 49,041.43
LAST 12M 264,009.23 126,983.18
Dixon Technologies (India) Limited - News Verification

May 22, 2024 l NSE Announcement

Dixon Technologies allots 13,500 equity shares under ESOP

May 22, 2024 l BSE Announcement

Dixon Technologies (India) Limited - Analysts/Institutional Investor Meet/Con. Call Updates

May 21, 2024 l NSE Announcement

Date Action Type Ratio
Sep 22, 2023 Dividend 150
Aug 11, 2022 Dividend 100

Dixon Technologies (India) Ltd Information

Stock PE (TTM)
148.43
Promoter Holding
33.44%
Book Value
283.3181
ROCE
23.6%
ROE
22.36%
Description
  • Dixon Technologies (India) Limited is engaged in producing consumer electronics, lighting solutions, home and security appliances. The company has its market capitalization worth INR 21,856.33 crore as of 16th April 2021. The company was established in 1993. The company has reported quarterly revenue of INR1,896.93 crore at the end of December 2020. This company is listed on the Bombay Stock Exchange (BSE), having the code 540699 and on the National Stock Exchange (NSE) with the symbol DIXON. The company has its headquarters in Noida. It deals in manufacturing consumer electronics, lighting solutions, home and security appliances, etc. and provides electronics manufacturing, repair, and refurbishment services to its customers. Dixon technologies were incorporated as Weston Utilities Limited at Rajasthan in 1993. After changing its name multiple times, the company changed its name to Dixon Technologies (India) Private Limited in 2006. The company went public in 2017. Dixon Technologies Ltd. operates as a contract manufacturer for Samsung, Xiaomi, Panasonic, and Philips, manufacturing televisions, washing machines, laptops, LED lamps, battens, downlighters, and CCTV surveillance systems. Dixon is an end-to-end component and solution suite supporting original equipment manufacturers, spanning worldwide procurement, processing, quality testing, packaging, and logistics. Its subsidiaries are Padget Electronics Private Limited, All Dixon Technologies Private Limited, Dixon Global Private Limited and Dixon Electro Appliances Private Limited. In 2017, the company agreed with Flipkart to design and manufacture televisions, washing machines and other electronic appliances for Flipkart under their trademark – MARQ. Dixon signed a contract with Xiaomi in 2018 to produce LED television sets at its Tirupati plant. In January 2020, Dixon partnered up with Samsung to create LED televisions for the local market. Padget Electronics, a Dixon subsidiary, signed a deal with Motorola to manufacture smartphones in December 2020. Dixon has signed an agreement with boAt for producing wireless speakers. The company has started operations in its 3rd handset factory, which will proliferate its total capacity to 80 million units per month which previously stood at 30 million per month. The mutual fund holdings have decreased substantially from 14.18% in December 2020 to 10.1% in March 2021. The company's profits had surged from Rs.52 crore in September 2020 to Rs.61 crore in December 2020. The company's debt stands at Rs.121 crore as of March 2020.

Registered Address

B-14 & 15 Phase-II, Gautam Buddha Nagar, Noida, Uttar Pradesh, 201305

Tel : 91-120-4737200
Email : investorrelations:dixoninfo.com
Website : http://www.dixoninfo.com
Registrar

KFin Techologies Ltd

AGM Date (Month) : Sep
Face Value Equity Shares : 2
Market Lot Equity Shares : 1
BSE Code : 540699
NSE Code : DIXON
Book Closure Date (Month) : Sep
BSE Group : A
ISIN : INE935N01020

FAQ’s on Dixon Technologies (India) Ltd Shares

You can buy Dixon Technologies (India) Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Dixon Technologies (India) Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of May 22, 2024 03:58 PM the closing price of Dixon Technologies (India) Ltd was Rs.9,285.70.

Market capitalization or market cap is determined by multiplying the current market price of a company�s shares with the total number of shares outstanding. As of May 22, 2024 03:58 PM, the market cap of Dixon Technologies (India) Ltd stood at Rs. 55,548.91.

The latest PE ratio of Dixon Technologies (India) Ltd as of May 22, 2024 03:58 PM is 148.43

The latest PB ratio of Dixon Technologies (India) Ltd as of May 22, 2024 03:58 PM is 0.03

The 52-week high of Dixon Technologies (India) Ltd share price is Rs. 9,488.20 while the 52-week low is Rs. 3,041.05

According to analyst recommendations, Dixon Technologies (India) Ltd Share has a "Buy" rating for the long term.

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