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Dixon Technologies (India) Limited

Dixon Technologies (India) Limited

NSE: DIXON
Consumer ElectronicsTechnologyLARGE CAPMCap ₹75.48k Cr
₹12,340.00₹-326.00 (-2.57%)

Market Closed • NSE

Market cap₹75.48k Cr
Enterprise value₹71.67k Cr
P/E TTM36.08
Forward P/E44.28
P/B13.75
EPS TTM₹342.03
Forward EPS₹278.70
D/E0.18
Dividend yield0.00%
52W high₹16,999.00
52W low₹9,600.00
Price chart(1Y)
1Y Return:+6.88% (+₹794.00)
H: ₹15,000L: ₹11,389
1W-2.53%
1M-7.15%
3M-12.59%
6M+13.56%
1Y-26.11%
Today at a glance

Day range

₹12,268.00₹12,850.00

52 week range

₹9,600.00₹16,999.00
Volume477.6K1.83x 20D avg
Free float50.00%+83.10% volume

Dixon Technologies (India) Limited closed at INR12340.00 (-2.57%) on volume 1.83x its 20-day average, trading 27.41% below its 52-week high.

Technical analysis
RSI (14)33.8Neutral (30–70)
MACDBEARISHBearish (Below signal)
ATR (14)₹351.99Moderate
SMA 20₹12,972.75BEARISH
SMA 50₹13,689.26BEARISH
SMA 100₹13,264.55BEARISH
SMA 200₹12,099.24BULLISH
CPR bottom₹12,809.50
Pivot₹12,761.67
CPR top₹12,713.83
What changed recently?

2026-Q2

Q2 FY2026 Financial Results

PAT moved +158.7% QoQ

2026-09-21

DIVIDEND Announced

Dividend - Rs 10 Per Share

2025-09-16

DIVIDEND Announced

Dividend - Rs 8 Per Share

Shariah audit
Methodology: AAOIFI Shariah Standard No. 21
PASS4/4 criteria
Shariah Compliant
CriteriaNumeratorDenominatorValueThresholdStatus
Interest-bearing debt ratio₹994.2 Cr₹75.48k Cr1.32%≤ 33%PASS
Non-halal income ratio–₹48.87k Cr0.00%≤ 5%PASS
Illiquid assets ratio₹18.39k Cr₹19.16k Cr95.99%≥ 20%PASS
Receivables ratio–₹19.16k Cr—≤ 49%PASS
Valuation & sector context
MetricCompanySector
P/E36.0823.00
Forward P/E44.28—
P/B13.753.90
EV/EBITDA—18.00
PEG—2.20
Earnings yield2.804.30
Growth & profitability
RevenuePAT
FY24PAT margin 2.10%
FY25PAT margin 2.80%
FY26PAT margin 2.90%

Revenue and PAT bars use independent scales to make their year-on-year direction readable.

Revenue CAGR 3Y+7.90%
Revenue CAGR 5Y+22.60%
PAT CAGR 3Y+9.50%
PAT CAGR 5Y+31.40%
Operating margin2.29%
Net margin3.64%
Financial health & cash flow
Net debt₹226.8 CrModerate
Interest coverage10.70xEBIT / interest
CFO / PAT1.16x3Y average
Net debt / EBITDA—Leverage
Operating cash flow₹1.78k Cr
Capital expenditure–
Free cash flow₹714.8 Cr
Financial statements

Complete reported financial history · Values use the company's reporting currency

Hover over the chart for exact reported values. Percentage lines use the right-hand axis.

Fundamental scorecard
Overall65/100
Valuation50/100
Profitability50/100
Financial health95/100

A 0–100 quantitative summary of reported fundamentals. Use the underlying financials and risks for context; the score is not a buy or sell recommendation.

Strengths, risks & investment thesis

Strengths

Low Debt Profile: Debt-to-Equity is comfortable at 0.18x

High Cash Flow Conversion: CFO/PAT averaged 1.16x over last 3 years

Risks

Subject to cyclical raw material and macro industry pressures

Bull case

Market Leadership: Established operational scale in Consumer Electronics.

Bear case

Macro Headwinds: Fluctuations in interest rates and sector-specific policy shifts could compress multiples.

Flip condition

Sustained quarterly EBITDA margin expansion above 20% would trigger an upgrade.

Corporate Action

Complete dividend, bonus, split, rights and other action history

Record dateCorporate actionInformationAnnouncement dateEx-date
21 Sept 2026Dividend₹10.00 / share—21 Sept 2026
16 Sept 2025Dividend₹8.00 / share—16 Sept 2025
—Dividend₹5.00 / share—17 Sept 2024
—Dividend₹3.00 / share—22 Sept 2023
—Dividend₹2.00 / share—11 Aug 2022
21 Sept 2021Dividend₹1.00 / share—20 Sept 2021
19 Mar 2021Dividend₹10.00 / share—18 Mar 2021
—Annual General MeetingAnnual General Meeting—21 Sept 2020
26 Mar 2020Dividend₹4.00 / share—24 Mar 2020
—Dividend₹2.00 / share—23 Jul 2019
—Dividend₹2.00 / share—17 Jul 2018
Delivery participation

Traded volume and delivery percentage across the latest 20 sessions

Average delivery (20D)37.56%+8.16% latest vs average
Highest delivery56.11%on 15 Oct
Average volume (20D)260.8KTrading-session average
Conviction trendStrengthening+8.16% latest reading
Traded volumeDelivery %
Peer comparison

Compare valuation, latest quarterly performance and year-on-year growth

8 companies
Company nameMarket cap ₹ CrP/E ratioDividend yield %Quarterly sales ₹ CrProfit after tax ₹ CrSales growth %Profit growth %
Tata Consultancy Services Limited
Tata Consultancy Services LimitedTCS
Open analysis
₹8.92L17.282.04%₹72,275.00₹13,420.00+13.93%+4.69%
Infosys Limited
Infosys LimitedINFY
Open analysis
₹4.70L15.824.50%₹48,211.00₹7,775.00+14.03%+12.29%
HCL Technologies Limited
HCL Technologies LimitedHCLTECH
Open analysis
₹3.73L20.423.53%₹34,579.00₹4,626.00+13.94%+20.34%
Wipro Limited
Wipro LimitedWIPRO
Open analysis
₹1.82L14.494.60%₹24,236.30₹3,501.80+7.70%-1.90%
Tech Mahindra Limited
Tech Mahindra LimitedTECHM
Open analysis
₹1.59L28.773.09%₹15,712.00₹1,486.00+17.68%+31.62%
LTM Limited
LTM LimitedLTM
Open analysis
₹1.30L24.901.77%₹11,608.00₹1,469.00+17.96%+17.05%
LG ELECTRONICS INDIA LTD
LG ELECTRONICS INDIA LTDLGEINDIA
Open analysis
₹1.17L63.960.00%₹7,233.35₹652.86——
One97 Communications Limited
One97 Communications LimitedPAYTM
Open analysis
₹1.08L169.180.00%₹2,264.00₹184.00+18.41%+134.07%
About Dixon Technologies (India) Limited
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.

IndiaTechnology

Questions investors ask
Is Dixon Technologies (India) Limited Shariah compliant?

Dixon Technologies (India) Limited is currently screened as Shariah Compliant under AAOIFI Shariah Standard No. 21. Business activities align with Shariah permissible sectors. Debt to Market Cap (1.32%) complies with AAOIFI threshold (≤ 33%).

What is Dixon Technologies (India) Limited's current valuation relative to peers?

Dixon Technologies (India) Limited trades at a P/E of 36.1x compared to the sector median of 23x, and a Price-to-Book of 13.7x.

Is the company financially healthy?

The company has a Debt-to-Equity ratio of 0.18x. Interest coverage is 10.7x.

What are the historical revenue and profit growth rates?

Over the past 5 years, revenue compounded at 22.6% while net profit growth averaged 31.4%.

Market data is informational and may be delayed. Shariah screening follows the displayed methodology. This is not investment advice.

Market data may be delayed. Quote date: 2026-10-16. Financial figures relate to their stated reporting periods. This information is for research and is not a recommendation to buy or sell.