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NSE:DIXON

DIXON TECHNO (INDIA) LTD

Consumer Durables › Consumer Durables·NIFTY 200NIFTY 500NIFTY INDIA FPI 150NIFTY LARGEMIDCAP 250+10
₹11,350.00
at close · 28 Oct 2026
▲ 117.00 (+1.04%)

Latest filings

Next results: Fri, 30 Oct · Financial Results
  1. Investor call scheduled for Dixon Q2 FY2027 results · Board & Shareholder Meetings
  2. Board to approve September quarter and half-year results · Results
  3. Dixon provides US$7 million guarantee for subsidiary Padget · General
All filings ↓
Ask Nexa about DIXON TECHNO (INDIA) LTD

Snapshot

What the business is, and whether it's a good one at a fair price.

AI · written from filings

Manufactures consumer electronics, mobile phones, telecom equipment, IT hardware, home appliances, and electronic components on contract for brand owners. Mobile phones dominate volume at approximately 32 million units in FY26, while telecom equipment generated Rs 5,000 crore, camera modules Rs 1,700 crore, and lighting Rs 850 crore. Camera module capacity is being expanded from 70 million to 190 million units over 15-18 months, and refrigerator capacity is rising from 1.5 million to 3.2 million units. Display modules enter mass production from Q4 FY27 via a JV with HKC, and a smartphone JV with vivo Mobile India (51% Dixon, 49% vivo) received government approval on July 8, 2026. Materials account for 93.0% of FY26 revenue, employees 1.5%, other operating expenses 2.1%, and depreciation 0.8%, leaving an EBITDA margin of 5.28%. FY26 revenue stood at Rs 48,872.8 crore on total assets of Rs 19,161.64 crore.

Revenue mix · reported segments
Other electronics85.3%
Moulding4.7%
Operating scale
Mobile phone volumes FY26
~32 million unitsFY26
Camera module capacity
expanding from 70 million to 190 million unitsover 15-18 months
Refrigerator capacity
expanding from 1.5 million to 3.2 million unitsFY27-28
Telecom equipment revenue
Rs 5,000 croreFY26
IT hardware revenue
Rs 1,300 croreQ1 FY27
Vivo smartphone JV
51% Dixon, 49% vivo; government approval received July 8, 2026
Who pays it
Brand owners and OEMs across mobile handset, telecom, IT hardware, and home appliance categories; vivo Mobile India is a named JV partner.
Biggest cost
Materials at 93.0% of FY26 revenue
Kind of business
Asset-light electronics contract manufacturer with order book tied to brand-level demand and government PLI incentives
Where it sits
Large India-headquartered electronics manufacturing services company listed on NSE and BSE, expanding into modules, components, and JVs with global brands
Market Cap
₹69,349 Cr
P / E (TTM)
33.0×
EV / EBITDA
22.4×
Div Yield
0.17%
Growth
49.9%▲
Revenue 5y CAGR
PAT +59.4% · EBITDA +55.0%
Quality
24.7%▲
ROCE (5y median)
ROE 21.8% (5y median) · margin 5.3%
Leverage
0.09·
Debt / Equity · low
Net cash ₹300 Cr
Revenue FY21→FY26
7.6×▲
Margin +0.9 pts
₹6,448 Cr → ₹48,873 Cr
Cash conversion
1.22×▲
Operating cash ÷ profit · 5 yrs
₹4,515 Cr on ₹3,697 Cr
Moves on a normal day
1.41%·
Median daily move
Last 267 sessions · the yardstick for filing-day moves
Where it sits among 13 Consumer Electronics peersBar = share of peers beaten · tick = industry median · latest reported figures
P/E (TTM)#7/11
P/B#10/11
ROCE#1/13
ROE#1/11
Debt / Equity#5/11
EBITDA margin#8/11
Revenue growth#8/13
Profit growth#3/11

Scorecard

Measured from the filed financials, judged against its Consumer Electronics peers · as of FY26 — not investment advice

Strengths
Revenue compounding 50% a year over 5 years
Profit compounding 59% a year over 5 years
Profit grew in every one of the last 5 years
Returns on capital 24.7% (5-year median)
#1 of 13 in Consumer Electronics on the latest reported figures · up from 25.1% in FY21
Debt at 0.09× equity
lower than 60% of its 11 Consumer Electronics peers
Over 5 years it reported ₹3,697 Cr of profit and ₹4,515 Cr of operating cash — 1.22×
Profit is converting into cash
Negative working-capital cycle — the business is funded by its suppliers
Concerns
Nothing flagged in the filed numbers.

Charts

How has the market priced it — with filings on the timeline?

DIXON · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Peers

How does it stack up on valuation, returns and growth?

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Financials

Quarterly & annual P&L, balance sheet, cash flow, ratios and segments.

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Ownership

Who owns it — and is the promoter stake clean?

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Common questions

Answered from DIXON TECHNO (INDIA) LTD's filed financials and exchange disclosures

What does DIXON TECHNO (INDIA) LTD do?

DIXON TECHNO (INDIA) LTD is a Consumer Durables company listed on NSE and BSE, trading under the symbol DIXON.

Is DIXON TECHNO (INDIA) LTD profitable?

Yes. Over the trailing twelve months DIXON TECHNO (INDIA) LTD reported a net profit of ₹2,082 Cr on revenue of ₹51,585 Cr.

Does DIXON TECHNO (INDIA) LTD pay a dividend?

Yes. The dividend yield is 0.17% at the current price. It paid out 7% of its profit as dividend in FY26.

Is DIXON TECHNO (INDIA) LTD debt-free?

On a net basis, yes. It reported borrowings of ₹468 Cr on its 31 Mar 2026 balance sheet, but holds ₹300 Cr more cash than debt.

Is DIXON TECHNO (INDIA) LTD expensive compared with its peers?

On trailing P/E, DIXON TECHNO (INDIA) LTD ranks 7 of 11 in Consumer Electronics — cheaper than 40% of them, against an industry median of 31.6×. This is a position, not a valuation judgement.

How much does the DIXON TECHNO (INDIA) LTD share price move in a day?

On a typical session DIXON TECHNO (INDIA) LTD moves 1.41% — that is the median absolute close-to-close move across its last 267 trading days. MarketPing measures each filing's price reaction against it.

When are DIXON TECHNO (INDIA) LTD's next results?

Financial Results on Fri, 30 Oct. MarketPing alerts you on WhatsApp the moment the filing lands.

Where can I track DIXON TECHNO (INDIA) LTD's announcements?

Every NSE and BSE filing by DIXON TECHNO (INDIA) LTD appears on this page, AI-summarised, alongside the price reaction that followed it. Follow the company to get each new filing on WhatsApp within minutes.

Figures are as last reported and may lag the latest filing. Not investment advice.