Dixon Technologies (India) Limited
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.
Valuation
Profitability
Returns
Solvency
AI Summary
Indian StockStrengths1
- Large-cap with βΉ68.2K Cr market capitalisation
Concerns1
- Valuation elevated β PE of 121.0x is 73% above Technology median of 70.0x
Rule-based from financial data. Not advice.
Monthly Returns
Year-to-Date ROI
Historical Volatility
Historical Performance
Revenue, profitability, and cash flow trends (βΉ Crores)
Revenue (10Y)
Operating Income (10Y)
Net Profit (10Y)
Operating Margin % (10Y)
Dividend Payout % (10Y)
Free Cash Flow (10Y)
Growth Summary
Latest fiscal year: Mar 2025
Historical Growth
Year-by-year revenue, profitability, and cash flow (βΉ Crores, last 10 years)
| Year | Revenue | Op. Income | Net Profit | CFO | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|---|
| Mar 2025 | βΉ5.40 K Cr | β | βΉ566.00 Cr | β | β | 25.9% | -15.8% | 204.3% |
| Mar 2024 | βΉ6.41 K Cr | β | βΉ186.00 Cr | β | β | 13.3% | -8.4% | -11.8% |
| Mar 2023 | βΉ7.00 K Cr | β | βΉ211.00 Cr | β | β | 18.1% | -6.5% | 39.7% |
| Mar 2022 | βΉ7.48 K Cr | β | βΉ151.00 Cr | β | β | 16.4% | 31.9% | -0.7% |
| Mar 2021 | βΉ5.67 K Cr | β | βΉ152.00 Cr | β | β | 21.6% | 54.5% | 36.9% |
| Mar 2020 | βΉ3.67 K Cr | β | βΉ111.00 Cr | β | β | 21.6% | 45.4% | 98.2% |
| Mar 2019 | βΉ2.53 K Cr | β | βΉ56.00 Cr | β | β | 15.6% | 14.3% | -1.8% |
| Mar 2018 | βΉ2.21 K Cr | β | βΉ57.00 Cr | β | β | 18.8% | 34.3% | 29.5% |
| Mar 2017 | βΉ1.65 K Cr | β | βΉ44.00 Cr | β | β | 23.2% | 31.4% | 22.2% |
| Mar 2016 | βΉ1.25 K Cr | β | βΉ36.00 Cr | β | β | 31.9% | 12.3% | 260.0% |
Financial Statements
Income statement, balance sheet, and cash flow (βΉ Crores, as reported)
Consolidated Figures in USD Millions.
| Unnamed: 0 | TTM |
|---|---|
| Revenue / Net Sales | 4,393 |
| Total Expenses | 4,167 |
| EBIT / Operating Profit | 226 |
| OPM % | 5% |
| Other Income | 826 |
| Finance Costs | 58 |
| Depreciation & Amortisation | 73 |
| Profit Before Tax | 920 |
| Tax % | - |
| Net Profit / PAT | 776 |
| EPS (βΉ) | 128.37 |
| Dividend Payout % | - |
Peer Comparison
Technology sector peers, ranked by market cap
| Company | Market Cap | Revenue | P/E | P/B | EV/EBITDA | Rev G 1Y |
|---|---|---|---|---|---|---|
| Dixon Technologies (India) Limitedthis co. | βΉ68.19 K Cr | βΉ5.40 K Cr | 121.00 | 23.91 | 191.72 | -15.8% |
| Bharti Airtel Ltd. | βΉ12.19 L Cr | βΉ1.09 L Cr | 50.40 | 8.31 | 27.19 | 15.8% |
| Tata Consultancy Services Ltd. | βΉ11.84 L Cr | βΉ2.15 L Cr | 24.20 | 13.91 | 18.91 | 6.2% |
| Infosys Ltd | βΉ6.48 L Cr | βΉ1.37 L Cr | 24.20 | 7.17 | 16.31 | 5.9% |
| HCL Technologies Ltd | βΉ4.52 L Cr | βΉ51.10 K Cr | 36.80 | 14.48 | β | 6.2% |
| Bharat Electronics Ltd. | βΉ3.02 L Cr | βΉ23.66 K Cr | 53.30 | 14.23 | 51.32 | 17.3% |
| Wipro Ltd. | βΉ2.77 L Cr | βΉ67.29 K Cr | 23.00 | 4.29 | 18.85 | 0.8% |
| Industry Average | β | βΉ10.05 K Cr | 69.99 | 8.58 | 66.75 | 22.0% |