Dixon Technologies (India) Limited DIXON NIFTY_MIDNSETECH
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.
READ MORE ›Market & Price
Valuation
Profitability & Returns
Balance Sheet & Liquidity
Ownership
Financial Snapshot
Growth (CAGR)
PROS
- Strong return on equity of 37.1%.
- 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 37.1% below its 52-week high.
- In a downtrend (50-DMA below 200-DMA).
* The pros and cons are auto-generated from financial metrics.
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
No fundamental data available for this stock.
Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).
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 | 11,524.00 | 42.74 | ₹69,934.25 Cr | 0.07% | 34.16% | 37.13% | 58.93% | 77.90% |
| 2 | TCS Tata Consultancy Services Limited NIFTY50NSEAITECH | 2,258.90 | 16.61 | ₹8.17 L Cr | 5.49% | 54.93% | 48.40% | 5.80% | 5.30% |
| 3 | INFY Infosys Limited NIFTY50NSEAITECH | 1,160.90 | 15.01 | ₹4.70 L Cr | 4.31% | 41.66% | 31.44% | 3.44% | 3.58% |
| 4 | HCLTECH HCL Technologies Limited NIFTY50NSEAITECH | 1,183.80 | 19.31 | ₹3.20 L Cr | 8.11% | 27.21% | 23.36% | 8.65% | 3.87% |
| 5 | WIPRO Wipro Limited NIFTY50NSEAITECH | 204.25 | 16.26 | ₹2.14 L Cr | 8.32% | 18.42% | 15.49% | 4.05% | 2.44% |
| 6 | TECHM Tech Mahindra Limited NIFTY50NSEAITECH | 1,483.90 | 27.40 | ₹1.31 L Cr | 3.44% | 20.60% | 16.61% | 2.16% | -0.14% |
| 7 | LTM LTM Limited NSETECH | 4,061.60 | 24.04 | ₹1.20 L Cr | 1.85% | 25.39% | 21.29% | 8.43% | 4.41% |
| 8 | LGEINDIA LG ELECTRONICS INDIA LTD NIFTY_MIDNSETECH | 1,523.90 | 61.35 | ₹1.03 L Cr | - | 27.64% | 24.72% | 0.98% | - |
| 9 | WAAREEENER WAAREE ENERGIES LIMITED NIFTY_MIDNSETECH | 3,140.80 | 27.70 | ₹90,345.53 Cr | 0.13% | 24.21% | 31.57% | 71.63% | 191.18% |
Quarterly Results
Figures in INR.
| Metric | Dec 2024 | Mar 2025 | Jun 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Revenue | 10,453.68 Cr | 10,292.54 Cr | 12,835.66 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 | 457.65 Cr | 460.36 Cr | 570.99 Cr | 470.40 Cr | 492.05 Cr |
| Operating Income | 315.92 Cr | 356.88 Cr | 389.67 Cr | 315.42 Cr | 303.40 Cr |
| EBITDA | 400.60 Cr | 708.20 Cr | 490.81 Cr | 553.59 Cr | 498.40 Cr |
| Interest Expense | 40.87 Cr | 46.26 Cr | 32.59 Cr | 42.87 Cr | 23.66 Cr |
| Pretax Income | 285.13 Cr | 576.03 Cr | 365.52 Cr | 411.69 Cr | 369.76 Cr |
| Tax Provision | 68.90 Cr | 111.08 Cr | 85.50 Cr | 91.13 Cr | 71.79 Cr |
| Net Income | 171.19 Cr | 400.82 Cr | 224.97 Cr | 287.26 Cr | 256.41 Cr |
| Diluted EPS | 35.64 | 76.42 | 46.30 | 52.62 | 48.81 |
Profit & Loss (Annual)
Figures in INR.
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Revenue | - | 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 | - | 717.48 Cr | 979.18 Cr | 1,800.72 Cr | 2,122.08 Cr |
| Operating Income | - | 407.27 Cr | 542.14 Cr | 1,226.56 Cr | 1,473.54 Cr |
| EBITDA | - | 515.75 Cr | 727.07 Cr | 2,005.17 Cr | 2,601.01 Cr |
| Interest Expense | - | 56.34 Cr | 71.36 Cr | 154.35 Cr | 137.47 Cr |
| Pretax Income | - | 344.78 Cr | 493.83 Cr | 1,569.80 Cr | 2,070.56 Cr |
| Tax Provision | - | 89.70 Cr | 118.91 Cr | 337.22 Cr | 426.31 Cr |
| Net Income | - | 255.52 Cr | 367.75 Cr | 1,095.54 Cr | 1,438.64 Cr |
| Diluted EPS | - | 42.69 | 61.27 | 202.58 | 269.35 |
Compounded Sales Growth
| 5 Years: | 58.93% |
| 1 Year: | 2.10% |
Compounded Profit Growth
| 5 Years: | 77.90% |
| 1 Year: | -36.10% |
Stock Price Performance
| 1 Year: | -22.14% |
| 6 Months: | -21.44% |
| 3 Months: | +8.73% |
| 1 Month: | +1.76% |
Balance Sheet (Annual)
Figures in INR.
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Total Assets | - | 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 | - | 453.09 Cr | 488.98 Cr | 670.96 Cr | 994.22 Cr |
| Total Equity | - | 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 | 6.07 Cr |
Cash Flows (Annual)
Figures in INR.
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Operating Cash Flow | - | 725.75 Cr | 584.31 Cr | 1,149.75 Cr | 1,782.29 Cr |
| Investing Cash Flow | - | -355.55 Cr | -530.90 Cr | -1,228.90 Cr | -1,250.54 Cr |
| Financing Cash Flow | - | -329.62 Cr | -69.97 Cr | -26.57 Cr | -108.15 Cr |
| Capital Expenditure | - | -461.20 Cr | -584.43 Cr | -939.35 Cr | -1,067.51 Cr |
| Free Cash Flow | - | 264.55 Cr | -12.00 L | 210.40 Cr | 714.78 Cr |
| Net Change in Cash | - | 40.58 Cr | -16.56 Cr | -105.72 Cr | 423.60 Cr |
Ratios (Annual)
Figures in %.
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Gross Margin % | - | 9.2% | 8.6% | 7.8% | 7.4% |
| Operating Margin % | - | 3.3% | 3.1% | 3.2% | 3.0% |
| Net Margin % | - | 2.1% | 2.1% | 2.8% | 2.9% |
| ROE % | - | 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.
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