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 StockRule-based from financial data. Not advice.
Historically, Apr has averaged the highest return (+11.2%); Jan the lowest (-18.1%).
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -13.7%Negative MonthJan 2026: -13.73% | +0.9%Neutral MonthFeb 2026: +0.90% | -8.2%Negative MonthMar 2026: -8.25% | +15.6%Positive MonthApr 2026: +15.59% | +3.0%Positive MonthMay 2026: +3.05% | +3.5%Positive MonthJun 2026: +3.50% | +16.6%*Positive MonthJul 2026: +16.61% | β | β | β | β | β |
| 2025 | -16.5%Negative MonthJan 2025: -16.50% | -6.9%Negative MonthFeb 2025: -6.95% | -5.5%Negative MonthMar 2025: -5.53% | +25.1%Positive MonthApr 2025: +25.06% | -10.9%Negative MonthMay 2025: -10.86% | +1.8%Neutral MonthJun 2025: +1.77% | +12.6%Positive MonthJul 2025: +12.63% | -0.9%Neutral MonthAug 2025: -0.94% | -2.2%Negative MonthSep 2025: -2.16% | -5.0%Negative MonthOct 2025: -5.04% | -5.8%Negative MonthNov 2025: -5.79% | -17.1%Negative MonthDec 2025: -17.07% |
| 2024 | -8.8%Negative MonthJan 2024: -8.77% | +11.6%Positive MonthFeb 2024: +11.63% | +12.0%Positive MonthMar 2024: +11.96% | +11.5%Positive MonthApr 2024: +11.49% | +12.7%Positive MonthMay 2024: +12.65% | +27.4%Positive MonthJun 2024: +27.38% | +1.1%Neutral MonthJul 2024: +1.09% | +9.0%Positive MonthAug 2024: +8.99% | +4.6%Positive MonthSep 2024: +4.64% | +1.9%Neutral MonthOct 2024: +1.94% | +12.4%Positive MonthNov 2024: +12.37% | +13.6%Positive MonthDec 2024: +13.61% |
| 2023 | -31.3%Negative MonthJan 2023: -31.31% | +7.8%Positive MonthFeb 2023: +7.81% | -1.0%Neutral MonthMar 2023: -1.04% | +1.8%Neutral MonthApr 2023: +1.84% | +33.1%Positive MonthMay 2023: +33.08% | +13.2%Positive MonthJun 2023: +13.19% | -6.0%Negative MonthJul 2023: -5.99% | +21.2%Positive MonthAug 2023: +21.23% | +5.7%Positive MonthSep 2023: +5.68% | -3.6%Negative MonthOct 2023: -3.56% | +8.0%Positive MonthNov 2023: +8.04% | +19.1%Positive MonthDec 2023: +19.09% |
| 2022 | -20.0%Negative MonthJan 2022: -20.01% | -2.1%Negative MonthFeb 2022: -2.10% | -0.2%Neutral MonthMar 2022: -0.18% | +2.0%Neutral MonthApr 2022: +1.99% | -12.3%Negative MonthMay 2022: -12.26% | -7.4%Negative MonthJun 2022: -7.41% | +3.6%Positive MonthJul 2022: +3.56% | +10.9%Positive MonthAug 2022: +10.88% | +6.7%Positive MonthSep 2022: +6.70% | +3.2%Positive MonthOct 2022: +3.18% | -5.8%Negative MonthNov 2022: -5.79% | -8.2%Negative MonthDec 2022: -8.21% |
| 2021 | β | β | β | β | β | +10.8%Positive MonthJun 2021: +10.76% | -2.8%Negative MonthJul 2021: -2.82% | -3.4%Negative MonthAug 2021: -3.35% | +10.9%Positive MonthSep 2021: +10.90% | +8.4%Positive MonthOct 2021: +8.44% | +2.0%Neutral MonthNov 2021: +1.96% | +8.2%Positive MonthDec 2021: +8.20% |
| AvgΒ±SD |
Each cell is the percentage change in closing price from the end of the prior month to the end of this month. The bottom row shows the average return for that calendar month across the selected years, plus or minus one standard deviation β the range that historically contained roughly two-thirds of outcomes. Past monthly patterns are not a forecast of future returns.
This aggregates every month by calendar position β all Januaries together, all Februaries together, and so on β to show whether a given month has leaned positive or negative historically. βSimpleβ counts each month as +1 or β1. βWeightedβ gives larger moves more influence: +2 above +10%, β2 below β10%. With only 6 years of history for this asset, each monthβs score reflects a small number of observations β read it as a historical tendency, not a reliable seasonal pattern.
This tracks a running tally across the assetβs full price history: each month adds or subtracts based on whether it was positive or negative. A rising line means more positive months than negative so far; a flattening or falling line means recent months have leaned negative. This measures historical month-to-month consistency, not expected future performance.
Year-to-date return is calculated by dividing each dayβs closing price by the price on January 1st of that year (or the assetβs first available price if it began trading mid-year). The custom average line shows the mean YTD return at each calendar day across the selected years. The standard deviation band shows the range within which returns have historically fallen β at 1 SD, roughly two-thirds of years; at 2 SD, roughly 95%. Past year-to-date patterns do not predict future returns. The average and standard deviation band are computed from the year set chosen in βAverage fromβ, which is independent of which year lines are displayed. The current in-progress year is excluded from these calculations, since a partial year is not comparable to complete ones. Election-cycle groupings follow the US presidential calendar and are offered only for US and crypto assets.
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 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue / Net Sales | 1,062 | 1,115 | 1,252 | 1,645 | 2,210 | 2,526 | 3,672 | 5,675 | 7,484 | 6,997 | 6,411 | 5,401 | 4,393 |
| Total Expenses | 1,043 | 1,092 | 1,223 | 1,560 | 2,104 | 2,400 | 3,467 | 5,401 | 7,201 | 6,631 | 6,093 | 5,153 | 4,167 |
| EBIT / Operating Profit | 18 | 23 | 29 | 85 | 107 | 126 | 204 | 274 | 284 | 367 | 319 | 248 | 226 |
| OPM % | 2% | 2% | 2% | 5% | 5% | 5% | 6% | 5% | 4% | 5% | 5% | 5% | 5% |
| Other Income | 8 | 1 | 26 | 0 | 3 | 4 | 9 | 2 | 3 | 15 | 36 | 556 | 826 |
| Finance Costs | 8 | 6 | 7 | 15 | 13 | 26 | 39 | 31 | 35 | 39 | 44 | 55 | 58 |
| Depreciation & Amortisation | 4 | 5 | 6 | 10 | 14 | 20 | 32 | 38 | 51 | 58 | 64 | 71 | 73 |
| Profit Before Tax | 14 | 13 | 41 | 61 | 82 | 84 | 142 | 206 | 200 | 285 | 247 | 679 | 920 |
| Tax % | 22% | 24% | 12% | 28% | 31% | 33% | 22% | 26% | 25% | 26% | 25% | 17% | - |
| Net Profit / PAT | 11 | 10 | 36 | 44 | 57 | 56 | 111 | 152 | 151 | 211 | 186 | 566 | 776 |
| EPS (βΉ) | 7.08 | 6.33 | 23.48 | 7.97 | 10.07 | 9.96 | 19.10 | 25.95 | 25.44 | 35.45 | 31.04 | 93.95 | 128.37 |
| Dividend Payout % | 3% | 3% | 11% | 15% | 4% | 4% | 4% | 4% | 8% | 8% | 16% | 9% | - |
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% |
