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Dixon Technologies (India) Performance

Days Range

Low: ₹6,730.05
High: ₹6,926.70
Previous Close ₹6,776.95
Open ₹6,813.90
Volume 2,73,722
Day’s Range ₹6,730.05 - ₹6,926.70
52W Range ₹2,581.20 - ₹6,929.00
Market Cap ₹40,510 Cr

Fundamentals of Dixon Technologies (India)

ROCE (TTM) 23.37%
P/E Ratio (TTM) 114.7
P/B Ratio 27.93
Industry P/E 78.11
Debt to Equity 0.19
ROE 21.28%
EPS (TTM) 59.04
Dividend Yield 0.04%
Book Value 242
Face Value 2

Financials of Dixon Technologies (India)

Mar 2023Jun 2023Sep 2023Dec 2023
Net Sales3,065.453,271.54,943.184,818.25
Expenses2,941.623,173.344,780.714,674.56
Profit before tax112.0990.04148.54125.74
Operating Profit80.6167.19113.3697.07
Net Profit80.6167.19113.3697.07
EPS in Rs13.5711.2819.0416.29

About Dixon Technologies (India)

History

Dixon Technologies (India) Limited was incorporated on May 2, 2017, though its operations started much earlier. In 1994, the company had started manufacturing colour televisions and established a manufacturing facility at Noida in 1996. In 2007, it started manufacturing LCD TVs. In the subsequent year, it entered the lighting products vertical, starting with the manufacture of CFL products, as well as reverse logistics services. 

Thereafter the funds IBEF I and IBEF, advised and managed by MOPE Investment Advisors Pvt. Ltd., invested in the company. In 2010, Dixon began manufacturing LED TVs and its erstwhile subsidiary Dixon Appliances Pvt. Ltd. (DAPL) commenced semi-automatic washing machines manufacturing. In FY 2019-20, the Company launched further new products like LED and Smart TVs along with hybrid set-top boxes.

Business Segments

Dixon is one of the largest domestic manufacturers and designers in the consumer durables, lighting and mobile phone markets. It has a fairly diverse product portfolio including: 

(i) Consumer electronics e.g. LED TVs, set-top boxes, etc.

(ii) Home appliances e.g. washing machines

(iii) Lighting products e.g. LED bulbs and tube lights, down lighters and CFL bulbs

(iv) Mobile phones 

(v) CCTV & Digital Video Recorders (DVRs). 

(vi) Medical Electronics

(vii) IT hardware

Dixon also provides services in reverse logistics e.g. repair of Set Top Boxes, Mobile Phones and LED TV Panels. The company provides integrated end-to-end solutions to original equipment manufacturers (‘OEMs’). Such services include global sourcing, manufacturing, quality testing and packaging to logistics. 

It is also a major Original Design Manufacturer (‘ODM’) of lighting products, LED TVs and semi-automatic washing machines in India. Dixon manufactures and supplies these products to other companies in India who distribute these products under their own brand names. Recently, in July 2022, the company started manufacturing printed circuit boards for air conditioners in its facility in Noida.

Dixon Technologies has 6 subsidiaries, including Dixon Global Pvt. Ltd., Padget Electronics Pvt. Ltd., Dixon Electro Manufacturing Pvt. Ltd., among others.

Key Personnel

Mr. Sunil Vachani, Executive Chairman

Mr. Vachani is the promoter of the company and has been so since the company’s inception. He has a degree as an Associate of Applied Arts in Business Administration from the American College in London. He largely looks after the overall growth and business development of the company. He has over 30 years of experience in the EMS industry.

Mr. Atul B. Lall, MD and CEO

Mr. Atul B Lall, is the Managing Director and Vice Chairman of Dixon. He has a Master’s Degree in Management Studies from the Birla Institute of Technology and Science, Pilani. He too has been associated with the company since its inception. He is in charge of the company’s business operations. He too has over 30 years of experience in the EMS industry.

Corporate Actions

The following are some of the corporate actions done by the company in the recent past:

Stock Split

The company has last split its stock from a face value of ₹10 to ₹2 in March 2021.

Mergers and Acquisitions

  • In 2022-23, Dixtel Communications Private Limited became a 100% Subsidiary of the Company effective on February 22, 2023.
  • On 12th April, 2019, the company had acquired 100% equity shareholding of Padget Electronics Pvt Ltd.
  • In 2017, pursuant to the amalgamation order, the company’s two wholly owned subsidiaries DAPL and DBMPL were amalgamated with the company.

Financial Highlights

  • The company has shown a strong CAGR of over 30% between the years ending in March 2019 and March 2023.
  • From having a negative net profit in the year ending in March 2012, the company now has a ₹255 crore net profit in the year ending in March 2023.
  • The company has an interest coverage ratio of 7.20 as of September 2023.
Parent Organisation Indian Private
Founded 1993
Managing Director Atul B Lall
NSE Symbol DIXON

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FAQs

What is the Share price of Dixon Technologies (India) (DIXON)?

Dixon Technologies (India) (DIXON) share price as of February 23, 2024, on NSE is Rs 6,867.50 (NSE) and Rs 6,850.00 (BSE) on BSE.

Can I buy Dixon Technologies (India) (DIXON) shares?

Yes, You can buy Dixon Technologies (India) (DIXON) shares by opening a Demat account with Angel One.

How do I buy Dixon Technologies (India) (DIXON) from Angel One?

Dixon Technologies (India) (DIXON) share can be brought through the following modes:
  1. Direct investment: You can buy Dixon Technologies (India) (DIXON) shares by opening a Demat account with Angel One.
  2. Indirect investment: The indirect method involves investing through ETFs and Mutual Funds that offer exposure to Dixon Technologies (India) (DIXON) shares.

Is Dixon a Debt free Company?

No, Dixon is not a debt free company.

What is the main business of Dixon?

The main business of Dixon is to manufacture televisions, LED bulbs, washing machines, downlighters, smartphones, battens, and CCTV security systems on a contractual basis for companies like Samsung, Panasonic, Xiaomi, and Philips.

Who are the promoters of Dixon?

The main promoters of Dixon are Sunil Vachani, Gayatri Vachani, Suresh Vaswani, Ravi Vachani, and Vachani Kamal.

What are the Subsidiaries that comes under Dixon?

The main subsidiaries that come under Dixon are Dixon Global Private Limited, Padget Electronics Private Limited, Dixon Electro Appliances Private Limited, Dixon Electro Manufacturing Private Limited, and Dixon Technologies Solutions Private Limited.