High Scoring Large Cap stocks have outperformed low scoring stocks by 90% over last 4 years
Momentum: Stock price has a strong positive momentum. Stock is up 7.8% in last 30 days.
Growth: Good revenue growth. With 318.7% growth over past three years, the company is going strong.
Balance Sheet: Reasonably good balance sheet.
Size: It is among the top 200 market size companies of india.
Buy Backs: Company has bought back it's stock in the past which is a good thing.
Past Returns: Outperforming stock! In past three years, the stock has provided 45.3% return compared to 8.1% by NIFTY 50.
No major cons observed.
Valuation | |
|---|---|
| Market Cap | 91.13 kCr |
| Price/Earnings (Trailing) | 43.38 |
| Price/Sales (Trailing) | 1.73 |
| EV/EBITDA | 29.43 |
| Price/Free Cashflow | 127.5 |
| MarketCap/EBT | 35.73 |
| Enterprise Value | 90.83 kCr |
Fundamentals | |
|---|---|
| Revenue (TTM) | 52.82 kCr |
| Rev. Growth (Yr) | 25.2% |
| Earnings (TTM) | 2.08 kCr |
| Earnings Growth (Yr) | 156.3% |
Profitability | |
|---|---|
| Operating Margin | 5% |
| EBT Margin | 5% |
| Return on Equity | 38.65% |
| Return on Assets | 10.87% |
| Free Cashflow Yield | 0.78% |
Growth & Returns | |
|---|---|
| Price Change 1W | 5.4% |
| Price Change 1M | 7.8% |
| Price Change 6M | 47.5% |
| Price Change 1Y | -12.3% |
| 3Y Cumulative Return | 45.3% |
| 5Y Cumulative Return | 29.8% |
| 7Y Cumulative Return | 62% |
Cash Flow & Liquidity | |
|---|---|
| Cash Flow from Investing (TTM) | -1.25 kCr |
| Cash Flow from Operations (TTM) | 1.78 kCr |
| Cash Flow from Financing (TTM) | -108.15 Cr |
| Cash & Equivalents | 767.43 Cr |
| Free Cash Flow (TTM) | 714.78 Cr |
| Free Cash Flow/Share (TTM) | 117.01 |
Balance Sheet | |
|---|---|
| Total Assets | 19.16 kCr |
| Total Liabilities | 13.77 kCr |
| Shareholder Equity | 5.39 kCr |
| Current Assets | 13.52 kCr |
| Current Liabilities | 12.7 kCr |
| Net PPE | 2.72 kCr |
| Inventory | 3.84 kCr |
| Goodwill | 580 Cr |
Capital Structure & Leverage | |
|---|---|
| Debt Ratio | 0.02 |
| Debt/Equity | 0.09 |
| Interest Coverage | 18.77 |
| Interest/Cashflow Ops | 14.82 |
Dividend & Shareholder Returns | |
|---|---|
| Dividend/Share (TTM) | 8 |
| Dividend Yield | 0.08% |
| Shares Dilution (1Y) | 1% |
| Shares Dilution (3Y) | 2.6% |
Momentum: Stock price has a strong positive momentum. Stock is up 7.8% in last 30 days.
Growth: Good revenue growth. With 318.7% growth over past three years, the company is going strong.
Balance Sheet: Reasonably good balance sheet.
Size: It is among the top 200 market size companies of india.
Buy Backs: Company has bought back it's stock in the past which is a good thing.
Past Returns: Outperforming stock! In past three years, the stock has provided 45.3% return compared to 8.1% by NIFTY 50.
No major cons observed.
Investor Care | |
|---|---|
| Dividend Yield | 0.08% |
| Dividend/Share (TTM) | 8 |
| Shares Dilution (1Y) | 1% |
| Earnings/Share (TTM) | 343.88 |
Financial Health | |
|---|---|
| Current Ratio | 1.06 |
| Debt/Equity | 0.09 |
Technical Indicators | |
|---|---|
| RSI (14d) | 62.69 |
| RSI (5d) | 78.93 |
| RSI (21d) | 64.63 |
| MACD Signal | Buy |
| Stochastic Oscillator Signal | Sell |
| SharesGuru Signal | Buy |
| RSI Signal | Hold |
| RSI5 Signal | Sell |
| RSI21 Signal | Hold |
| SMA 5 Signal | Buy |
| SMA 10 Signal | Buy |
| SMA 20 Signal | Buy |
| SMA 50 Signal | Buy |
| SMA 100 Signal | Buy |
Summary of Dixon Tech (India)'s latest earnings call, featuring management's outlook on business performance, financial results, and analyst Q&A sessions that highlight key strategic initiatives and market challenges.
Dixon Technologies (India) Limited presented its Q4 FY26 earnings with optimistic forecasts despite recent challenges. The management, represented by Atul Lall and Saurabh Gupta, highlighted a revenue growth of 26%, amounting to INR 48,893 crores for the fiscal year against INR 38,880 crores from the previous year. EBITDA growth was reported at 23%, achieving INR 1,887 crores, while PAT increased by 20% to INR 845 crores. Despite flat revenue in Q4 due to geopolitical concerns and inventory rationalization, the management remains committed to strengthening customer partnerships and expanding manufacturing capabilities.
Key forward-looking points include:
Capacity Expansion: The camera module production is set to expand from 70 million to approximately 190 million units over the next 15-18 months, aiming for a revenue target of INR 2,500 crores.
Display Manufacturing: The new display facility is nearing completion, with trials commencing in Q3 FY27 and mass production expected by Q4. This business is projected to generate INR 5,500-6,000 crores at full capacity with mid-teen margins.
Mobile and Export Volume Growth: Management anticipates a 12-15% price growth despite flat volumes, with significant growth expected from feature phone exports and potential opportunities from the PLI scheme.
IT Hardware Revenue Growth: The expected revenue for IT hardware in FY27 is over INR 4,000 crores, fueled by new capacities and demand from the top global brands.
Telecom Vertical Growth: Revenues are projected to rise from INR 5,000 crores to almost INR 8,000 crores, leveraging increased network infrastructure investments.
Management also emphasized their robust balance sheet with a ROCE of 44.8% and stated confidence in long-term EMS market opportunities, citing sustained growth momentum driven by localization and government support.
Q1: On the mobile side, can you give us some color on how we are looking at the ramp-up on volumes in FY27? What are the other areas of growth we're targeting?
A1: We expect mobile volumes to be similar to last year's 32 million units, excluding the Vivo contribution. With Vivo's potential approval, we estimate an additional 20-22 million units. We're also ramping up feature phone exports through Ismartu, targeting around 50 million total units. The IT hardware sector is looking strong, with projected revenues exceeding INR 4,000 crores. Meanwhile, we are increasing camera module capacity to boost revenue in this segment to INR 2,500 crores within the year.
Q2: How are you addressing the margin pressure from the PLI scheme ending?
A2: While the ending of the PLI scheme may lead to margin pressure, we've deepened relationships with major clients, ensuring stable volumes and share. Although margins might appear lower optically, our contractual agreements maintain per-unit EBITDA, with a focus on operational efficiency and backward integration to offset these impacts over time.
Q3: Can you provide insights on the display business ramp-up and expected impact on margins?
A3: The display facility trials are set for Q3, with commercial production starting in Q4, targeting a capacity of 24 million units annually. We anticipate revenues in this segment reaching INR 5,500-6,000 crores with double-digit margins once operational efficiency improves to 80-90%.
Q4: What is the anticipated capital expenditure for FY27 and primary focus areas?
A4: For FY27, we expect capital expenditures to remain similar to the INR 1,000 crores spent in FY26, focusing on expanding our display capacity, IT hardware, and camera module production. Our strong balance sheet supports this growth.
Q5: What are the expected revenues from your industrial EMS division?
A5: While exact figures aren't budgeted for FY26-27, we believe that the industrial EMS opportunities could scale to INR 3,000 to 4,000 crores with significantly higher margins due to reduced dependency on government PLI schemes. We're actively working on this front.
Q6: Clarify the receivables from the PLI scheme and the payout status.
A6: The receivable balance from the PLI scheme is around INR 1,380 crores. The government incentives correlate with performance across domestic and foreign companies. Discussions are ongoing regarding pending amounts, ensuring transparency and disbursement when appropriate.
These condensed responses capture the essence of the key inquiries made during the conference call, along with relevant forecasts and strategic insights.
Understand Dixon Tech (India) ownership landscape with insights into key distribution patterns, offering investors a clear view of stakeholder dynamics.
| Shareholder Name | Holding % |
|---|---|
| PSV FAMILY TRUST UNDER THE TRUSTEES MR. SUNIL VACHANI AND MRS. GAYATRI VACHANI | 15.47% |
| GAYATRI VACHANI | 6.36% |
| KAMLA VACHANI | 6.19% |
| KSV FAMILY TRUST UNDER THE TRUSTEES MR. SUNIL VACHANI AND MRS. GAYATRI VACHANI | 3.87% |
| NIPPON LIFE INDIA TRUSTEE LTD-A/C NIPPON INDIA SMA | 3.7% |
| ATUL BEHARI LALL | 3.2% |
| KOTAK FOCUSED FUND | 2.85% |
| NPS TRUST A/C UTI PENSION FUND LIMITED-SCHEME CENT | 2.24% |
| SUNIL VACHANI | 2.03% |
| SBI LIFE INSURANCE CO. LTD | 1.89% |
| MOTILAL OSWAL NIFTY MIDCAP 100 ETF | 1.85% |
| HDFC MUTUAL FUND - HDFC MULTI CAP FUND | 1.72% |
| UTI-FLEXI CAP FUND | 1.52% |
| MIRAE ASSET LARGE & MIDCAP FUND | 1.25% |
| SURESH VASWANI | 0.78% |
| RAVI VACHANI | 0.03% |
| VACHANI KAMAL VACHANI SUNDER | 0.01% |
| PRITHVI VACHANI | 0% |
| KARISHMA VACHANI | 0% |
| TOPLINE ELECTRONICS PRIVATE LIMITED | 0% |
Distribution across major stakeholders
Distribution across major institutional holders
Detailed comparison of Dixon Tech (India) against industry peers, highlighting key financial metrics, valuation ratios, and performance indicators to provide competitive context within the sector.
Ticker | Name | Mkt Cap | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|---|
| HAVELLS | Havells India | 79.61 kCr | 24.07 kCr | +3.40% | -18.80% | 48.71 | 3.31 | - | - |
| SYRMA | Syrma SGS Technology | 28.15 kCr | 5.51 kCr | +13.30% | +94.80% | 75.84 | 5.11 | - | - |
| KAYNES | KAYNES TECHNOLOGY INDIA | 26.38 kCr | 4.04 kCr | +23.90% | -36.90% | 76.22 | 6.53 | - | - |
| AMBER | Amber Enterprises India | 26.12 kCr | 12.76 kCr | +2.00% | +0.80% | 271.42 | 2.05 | - | - |
| VGUARD | V-Guard Industries | 14.55 kCr | 6.34 kCr | +14.50% | -9.50% | 40.02 | 2.29 | - | - |
| AVALON | Avalon Tech | 14.11 kCr | 1.79 kCr | +21.20% | +144.90% | 105.47 | 7.86 | - | - |
| ELIN | Elin Electronics | 488.24 Cr | 1.36 kCr | -2.90% | -47.10% | -58.12 | 0.36 | - | - |
Comprehensive comparison against sector averages
DIXON metrics compared to Consumer
| Category | DIXON | Consumer |
|---|---|---|
| PE | 43.38 | 48.36 |
| PS | 1.73 | 2.23 |
| Growth | 17.1 % | 15.1 % |
Dixon Tech (India) is a prominent Consumer Electronics company, trading under the stock ticker DIXON.
With a substantial market capitalization of Rs. 98,606.9 Crores, Dixon Technologies (India) Limited specializes in providing electronic manufacturing services both domestically and internationally.
The company offers a diverse range of products and services, including:
Additionally, Dixon Tech provides solutions in reverse logistics, offering repair and refurbishment services for LED TV panels, along with information technology hardware.
Incorporated in 1993 and headquartered in Noida, India, the company reported a trailing 12 months revenue of Rs. 33,251.2 Crores.
Dixon Tech also distributes dividends to its investors, featuring a dividend yield of 0.06% per year. In the last 12 months, the company returned Rs. 8 in dividends per share.
It's noteworthy that the company has diluted its share holdings by 1.2% over the past three years, while achieving an impressive revenue growth of 237.3% during the same period.
This is an informational page just to provide a quick 'first look' at the stock. You must do your own deeper research. Know your risk appetite. Consult a SEBI-registered financial advisor before making any investment decisions.
DIXON vs Consumer (2021 - 2026)