Dixon Technologies (India) Limited DIXON NIFTY_MIDNSETECH
Company Overview
Dixon Technologies (India) Limited, together with its subsidiaries, manufactures and sells electronic goods in India and internationally. The company offers consumer electronics, such as LED and smart TVs, interactive flat panels, monitors, IFPD commercial displays, digital signages, PCB and LCM panel assemblies, LED bars, and injection moulding; and lightning solutions, including LED and special lamps, battens, bulbs, synthetic down lighters, 2X2s, panels, strip and rope lighting, CoB luminaries, wall washers, fancy and desk lights, magnetic track lights, and smart lights, as well as professional lighting products comprising street, flood, and industry lights. It also provides home appliances comprising semi-automatic washing machine and fully automatic top load; refrigerators; 4G and 5G smart, foldable, and feature mobile phones; wireless wearables and hearables; computing devices, such as laptops, desktops, and notebooks; and telecommunication and networking products, which include 5G fixed wireless access devices, optical network terminals, and IPTV set-top boxes. In addition, the company is involved in the provision of electronic manufacturing services; trading; reverse logistics, such as repair and refurbishment of LED TV panels; repair of mobile phones; research and development; design and prototyping; manufacturing and assembly; and quality and performance. It exports its products. Dixon Technologies (India) Limited was incorporated in 1993 and is headquartered in Noida, India.
Why Investors Should Care
Generates a return on equity of 30.8%, reflecting efficient use of shareholder capital.
Return on capital employed stands at 34.2%.
Net profit has compounded at 77.9% per year over the last five years.
Revenue has grown at a 58.9% CAGR over the past five years.
Carries low leverage with a debt-to-equity ratio of 0.21.
Generates positive free cash flow, funding growth and shareholder returns internally.
Recent Developments
- Mar 2026 Revenue of ₹48,872.80 Cr (+25.8% YoY); net profit ₹1,438.64 Cr.
- Trailing 12 Months Year-on-year growth — revenue +25.8%, earnings +31.3%.
- 5-Year Trend Long-term compounding — revenue CAGR 58.9%, profit CAGR 77.9%.
Growth & Price Performance
Compounded Sales Growth
| 5 Years: | 58.93% |
| 1 Year: | 25.77% |
Compounded Profit Growth
| 5 Years: | 77.90% |
| 1 Year: | 31.32% |
Stock Price Performance
| 1 Year: | -14.35% |
| 6 Months: | +14.58% |
| 3 Months: | +19.32% |
| 1 Month: | +10.90% |
Highlights auto-generated from reported financials and price data; not investment advice. Verify with official filings before acting.
- Price vs 50-DMAAbove
- Price vs 200-DMAAbove
- RSI (14)67.71 · Neutral
P/E of 50.38 is above the sector median of 27.67 — pricier than peers.
Auto-generated from price history and fundamentals; not investment advice.
Price Chart
Technical Trend
Computed from daily close history using EMA cross, slope, and RSI signals.
Note: intraday data is not stored locally. “Hourly” uses the most recent 10 daily candles as a short-term proxy.
Fundamental Growth Charts
No fundamental data available for this stock.
Interactive charts for Revenue, Net Income, EBITDA, Free Cash Flow, EPS, ROE, ROCE, Gross/Net/Operating Margin and more — switch metric and period using the dropdowns above. CAGR is computed across the displayed window (quarterly CAGR is annualised). Visual growth charts make it easy to spot multi-year compounding trends at a glance — far faster than reading raw numbers in a table.
PROS
- Strong return on equity of 30.8%.
- Healthy ROCE of 34.2%.
- Compounding revenue at 58.9% over 5 years.
- Profit CAGR of 77.9% over 5 years.
- Generates positive free cash flow.
CONS
- Trading at a high P/E of 50.4.
- Trading 26.0% below its 52-week high.
- In a downtrend (50-DMA below 200-DMA).
* The pros and cons are auto-generated from financial metrics.
Valuation
Growth (CAGR)
Profitability & Returns
Balance Sheet & Liquidity
Ownership
Financial Snapshot
Peer comparison
Peer companies in the same sector (Technology).
| # | Name | CMP ₹ | P/E | Mkt Cap | Div Yld % | ROCE % | ROE % | Rev CAGR 5Y % | Profit CAGR 5Y % |
|---|---|---|---|---|---|---|---|---|---|
| 1 | DIXON Dixon Technologies (India) Limited NIFTY_MIDNSETECH | 13,569.00 | 50.38 | ₹82,502.09 Cr | 0.06% | 34.16% | 30.76% | 58.93% | 77.90% |
| 2 | TCS Tata Consultancy Services Limited NIFTY50NSEAITECH | 2,173.50 | 15.98 | ₹7.86 L Cr | 3.14% | 54.93% | 45.89% | 5.80% | 5.30% |
| 3 | INFY Infosys Limited NIFTY50NSEAITECH | 1,084.40 | 1,355.50 | ₹4.40 L Cr | 4.68% | 41.66% | 33.85% | 3.44% | 3.58% |
| 4 | HCLTECH HCL Technologies Limited NIFTY50NSEAITECH | 1,176.30 | 18.35 | ₹3.19 L Cr | 8.25% | 27.21% | 22.14% | 8.65% | 3.87% |
| 5 | WIPRO Wipro Limited NIFTY50NSEAITECH | 175.97 | 14.01 | ₹1.85 L Cr | 9.69% | 17.85% | 14.91% | 0.78% | 5.16% |
| 6 | TECHM Tech Mahindra Limited NIFTY50NSEAITECH | 1,474.20 | 27.20 | ₹1.44 L Cr | 3.51% | 19.82% | 16.24% | 2.16% | -0.14% |
| 7 | LTM LTM Limited NSETECH | 4,076.50 | 24.10 | ₹1.21 L Cr | 1.86% | 25.39% | 20.89% | 8.43% | 4.41% |
| 8 | LGEINDIA LG ELECTRONICS INDIA LTD NIFTY_MIDNSETECH | 1,535.10 | 61.82 | ₹1.04 L Cr | 0.00% | 27.64% | 21.98% | 0.98% | - |
| 9 | OFSS Oracle Financial Services Software Limited NIFTY_MIDNSEAITECH | 11,729.00 | 38.82 | ₹1.02 L Cr | 5.71% | 43.24% | 33.72% | 10.42% | 13.48% |
Financial Statements Quarterly Results · Profit & Loss · Balance Sheet · Cash Flows · Ratios
Quarterly Results
Figures in INR.
| Metric | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 3,065.00 Cr | 3,272.00 Cr | 4,943.00 Cr | 4,818.00 Cr | 4,658.00 Cr | 6,580.00 Cr | 11,534.00 Cr | 10,453.68 Cr | 10,292.54 Cr | 12,835.66 Cr | 14,855.00 Cr | 10,671.59 Cr | 10,510.51 Cr |
| Cost of Revenue | - | - | - | - | - | - | - | 9,680.11 Cr | 9,475.30 Cr | 11,875.00 Cr | - | 9,885.77 Cr | 9,715.06 Cr |
| Gross Profit | - | - | - | - | - | - | - | 773.57 Cr | 817.24 Cr | 960.66 Cr | - | 785.82 Cr | 795.45 Cr |
| Operating Expenses | 2,909.00 Cr | 3,140.00 Cr | 4,744.00 Cr | 4,634.00 Cr | 4,476.00 Cr | 6,332.00 Cr | 11,108.00 Cr | 457.65 Cr | 460.36 Cr | 570.99 Cr | 14,294.00 Cr | 470.40 Cr | 492.05 Cr |
| Operating Income | 124.00 Cr | 98.00 Cr | 163.00 Cr | 143.00 Cr | 131.00 Cr | 193.00 Cr | 360.00 Cr | 315.92 Cr | 356.88 Cr | 389.67 Cr | 465.00 Cr | 315.42 Cr | 303.40 Cr |
| EBITDA | 156.00 Cr | 132.00 Cr | 199.00 Cr | 184.00 Cr | 182.00 Cr | 248.00 Cr | 426.00 Cr | 400.60 Cr | 708.20 Cr | 490.81 Cr | 561.00 Cr | 553.59 Cr | 498.40 Cr |
| Interest Expense | 15.00 Cr | 14.00 Cr | 17.00 Cr | 22.00 Cr | 21.00 Cr | 29.00 Cr | 38.00 Cr | 40.87 Cr | 46.26 Cr | 32.59 Cr | 38.00 Cr | 42.87 Cr | 23.66 Cr |
| Pretax Income | 112.00 Cr | 90.00 Cr | 149.00 Cr | 126.00 Cr | 130.00 Cr | 180.00 Cr | 529.00 Cr | 285.13 Cr | 576.03 Cr | 365.52 Cr | 924.00 Cr | 411.69 Cr | 369.76 Cr |
| Tax Provision | 31.36 Cr | 22.50 Cr | 35.76 Cr | 28.98 Cr | 32.50 Cr | 39.60 Cr | 116.38 Cr | 68.90 Cr | 111.08 Cr | 85.50 Cr | 175.56 Cr | 91.13 Cr | 71.79 Cr |
| Net Income | 81.00 Cr | 67.00 Cr | 113.00 Cr | 97.00 Cr | 97.00 Cr | 140.00 Cr | 412.00 Cr | 171.19 Cr | 400.82 Cr | 224.97 Cr | 746.00 Cr | 287.26 Cr | 256.41 Cr |
| Diluted EPS | 13.54 | 11.55 | 18.02 | 16.12 | 15.91 | 22.34 | 65.15 | 35.64 | 76.42 | 46.30 | 110.72 | 52.62 | 48.81 |
Profit & Loss (Annual)
Figures in INR.
| Metric | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1,201.00 Cr | 1,389.00 Cr | 2,457.00 Cr | 2,842.00 Cr | 2,984.00 Cr | 4,400.00 Cr | 6,448.00 Cr | - | 12,173.35 Cr | 17,613.91 Cr | 38,860.10 Cr | 48,872.80 Cr |
| Cost of Revenue | - | - | - | - | - | - | - | - | 11,048.60 Cr | 16,092.59 Cr | 35,832.82 Cr | 45,277.18 Cr |
| Gross Profit | - | - | - | - | - | - | - | - | 1,124.75 Cr | 1,521.32 Cr | 3,027.28 Cr | 3,595.62 Cr |
| Operating Expenses | 1,169.00 Cr | 1,340.00 Cr | 2,365.00 Cr | 2,729.00 Cr | 2,848.00 Cr | 4,172.00 Cr | 6,156.00 Cr | - | 717.48 Cr | 979.18 Cr | 1,800.72 Cr | 2,122.08 Cr |
| Operating Income | 25.00 Cr | 41.00 Cr | 81.00 Cr | 98.00 Cr | 114.00 Cr | 191.00 Cr | 248.00 Cr | - | 407.27 Cr | 542.14 Cr | 1,226.56 Cr | 1,473.54 Cr |
| EBITDA | 32.00 Cr | 49.00 Cr | 92.00 Cr | 113.00 Cr | 136.00 Cr | 228.00 Cr | 292.00 Cr | - | 515.75 Cr | 727.07 Cr | 2,005.17 Cr | 2,601.01 Cr |
| Interest Expense | 10.00 Cr | 13.00 Cr | 16.00 Cr | 13.00 Cr | 26.00 Cr | 39.00 Cr | 33.00 Cr | - | 56.34 Cr | 71.36 Cr | 154.35 Cr | 137.47 Cr |
| Pretax Income | 17.00 Cr | 51.00 Cr | 66.00 Cr | 88.00 Cr | 94.00 Cr | 157.00 Cr | 217.00 Cr | - | 344.78 Cr | 493.83 Cr | 1,569.80 Cr | 2,070.56 Cr |
| Tax Provision | 4.08 Cr | 8.16 Cr | 18.48 Cr | 27.28 Cr | 30.08 Cr | 36.11 Cr | 56.42 Cr | - | 89.70 Cr | 118.91 Cr | 337.22 Cr | 426.31 Cr |
| Net Income | 13.00 Cr | 43.00 Cr | 48.00 Cr | 61.00 Cr | 63.00 Cr | 120.00 Cr | 160.00 Cr | - | 255.52 Cr | 367.75 Cr | 1,095.54 Cr | 1,438.64 Cr |
| Diluted EPS | 7.65 | 27.46 | 8.66 | 10.76 | 11.19 | 20.81 | 27.28 | - | 42.69 | 61.27 | 202.58 | 269.35 |
Balance Sheet (Annual)
Figures in INR.
| Metric | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | 324.00 Cr | 417.00 Cr | 789.00 Cr | 966.00 Cr | 1,491.00 Cr | 1,697.00 Cr | 2,846.00 Cr | - | 4,679.43 Cr | 6,991.45 Cr | 16,766.87 Cr | 19,161.64 Cr |
| Current Assets | - | - | - | - | - | - | - | - | 3,139.27 Cr | 4,836.28 Cr | 13,094.38 Cr | 13,515.39 Cr |
| Cash & Equivalents | - | - | - | - | - | - | - | - | 214.56 Cr | 198.00 Cr | 228.38 Cr | 767.43 Cr |
| Inventory | - | - | - | - | - | - | - | - | 957.87 Cr | 1,695.01 Cr | 3,992.40 Cr | 3,836.52 Cr |
| Receivables | - | - | - | - | - | - | - | - | 1,715.45 Cr | 2,317.88 Cr | 6,965.45 Cr | 6,529.91 Cr |
| Total Liabilities | - | - | - | - | - | - | - | - | 3,394.80 Cr | 5,268.99 Cr | 13,297.54 Cr | 13,774.97 Cr |
| Current Liabilities | - | - | - | - | - | - | - | - | 2,940.99 Cr | 4,731.62 Cr | 12,595.44 Cr | 12,698.29 Cr |
| Long Term Debt | - | - | - | - | - | - | - | - | 145.23 Cr | 112.60 Cr | 80.89 Cr | 359.69 Cr |
| Total Debt | 82.00 Cr | 80.00 Cr | 43.00 Cr | 45.00 Cr | 141.00 Cr | 87.00 Cr | 295.00 Cr | - | 453.09 Cr | 488.98 Cr | 670.96 Cr | 994.22 Cr |
| Total Equity | 85.00 Cr | 123.00 Cr | 197.00 Cr | 315.00 Cr | 378.00 Cr | 542.00 Cr | 738.00 Cr | - | 1,284.91 Cr | 1,694.85 Cr | 3,010.20 Cr | 4,676.67 Cr |
| Shares Outstanding | - | - | - | - | - | - | - | - | 5.96 Cr | 5.98 Cr | 6.02 Cr | 6.08 Cr |
Cash Flows (Annual)
Figures in INR.
| Metric | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | 44.00 Cr | 42.00 Cr | 53.00 Cr | 68.00 Cr | -3.00 Cr | 237.00 Cr | 170.00 Cr | - | 725.75 Cr | 584.31 Cr | 1,149.75 Cr | 1,782.29 Cr |
| Investing Cash Flow | -22.00 Cr | -22.00 Cr | -43.00 Cr | -100.00 Cr | -64.00 Cr | -99.00 Cr | -265.00 Cr | - | -355.55 Cr | -530.90 Cr | -1,228.90 Cr | -1,250.54 Cr |
| Financing Cash Flow | -22.00 Cr | -20.00 Cr | -8.00 Cr | 42.00 Cr | 69.00 Cr | -57.00 Cr | 63.00 Cr | - | -329.62 Cr | -69.97 Cr | -26.57 Cr | -108.15 Cr |
| Capital Expenditure | -21.00 Cr | -26.00 Cr | -38.00 Cr | -73.00 Cr | -79.00 Cr | -108.00 Cr | -168.00 Cr | - | -461.20 Cr | -584.43 Cr | -939.35 Cr | -1,067.51 Cr |
| Free Cash Flow | 23.00 Cr | 16.00 Cr | 15.00 Cr | -5.00 Cr | -82.00 Cr | 129.00 Cr | 2.00 Cr | - | 264.55 Cr | -12.00 L | 210.40 Cr | 714.78 Cr |
| Net Change in Cash | -0 | 1.00 Cr | 1.00 Cr | 10.00 Cr | 2.00 Cr | 81.00 Cr | -32.00 Cr | - | 40.58 Cr | -16.56 Cr | -105.72 Cr | 423.60 Cr |
Ratios (Annual)
Figures in %.
| Metric | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin % | - | - | - | - | - | - | - | - | 9.2% | 8.6% | 7.8% | 7.4% |
| Operating Margin % | 2.1% | 3.0% | 3.3% | 3.4% | 3.8% | 4.3% | 3.8% | - | 3.3% | 3.1% | 3.2% | 3.0% |
| Net Margin % | 1.1% | 3.1% | 2.0% | 2.1% | 2.1% | 2.7% | 2.5% | - | 2.1% | 2.1% | 2.8% | 2.9% |
| ROE % | 15.3% | 35.0% | 24.4% | 19.4% | 16.7% | 22.1% | 21.7% | - | 19.9% | 21.7% | 36.4% | 30.8% |
| ROCE % | - | - | - | - | - | - | - | - | 23.4% | 24.0% | 29.4% | 22.8% |
Shareholding Pattern
Analyst View
Analyst aggregate. Targets and ratings update periodically; not investment advice.
Latest News
Recent headlines for DIXON
Dixon Technologies stock jumps 4% as Vivo JV approval boosts growth outlook; brokerages see up to 24% upside - TradingView
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DIXON — Frequently Asked Questions
What is the current share price of Dixon Technologies (India) Limited (DIXON)?
As of 2026-07-15 09:52 IST, Dixon Technologies (India) Limited (DIXON) trades at ₹13,569.00 on NSE. Its 52-week range is ₹9,673.00 to ₹18,331.00.
What is the market capitalisation of DIXON?
Dixon Technologies (India) Limited (DIXON) has a market capitalisation of ₹82,502.09 Cr on NSE.
What is the P/E ratio of DIXON?
DIXON trades at a trailing price-to-earnings (P/E) ratio of 50.38. The industry average P/E is 27.67. Its price-to-book (P/B) ratio is 15.03.
Does DIXON pay a dividend?
Dixon Technologies (India) Limited (DIXON) currently offers a dividend yield of 0.06%.
What is the return on equity (ROE) of DIXON?
DIXON has a return on equity (ROE) of 30.76%. Its return on capital employed (ROCE) is 34.16%.
Is DIXON a good stock to buy?
This page provides a data-driven analysis of Dixon Technologies (India) Limited (DIXON), including valuation ratios, profitability, growth trends, auto-generated pros and cons, peer comparison and AI exposure. Review these fundamentals alongside your own research and risk tolerance. This is informational content, not investment advice.