Dixon Technologies (India) Limited Share Price & Analysis
Price Chart
Fundamentals
Strengths
- Strong return on equity (ROE 18.9%)
- Efficient capital deployment (ROCE 29.2%)
- Low debt relative to equity (D/E 0.2x)
Concerns
- High premium to book value (P/B 18.5x)
Today's Price Action
Dixon Technologies (India) Limited (DIXON) is trading at ₹14,240, unchanged from the previous close. The session volume matches the 20‑day average at 3,50,689 shares, indicating that today’s activity reflects the typical liquidity pattern for the stock.
Valuation Snapshot
The current price‑to‑earnings multiple stands at 47.7×, while the consumer durables sector shows a P/E of 0, highlighting that the stock commands a premium relative to sector peers. A price‑to‑book ratio of 0.0 combined with a return on equity of 37.4 % suggests strong profit generation on a modest capital base.
Key Levels to Watch
The share price sits roughly midway between its 52‑week range of ₹9,600 (lows) and ₹18,472 (highs), with the upper bound still offering upside potential. Open‑interest data on nearby strike prices shows resistance around the ₹15,500 level and support near ₹13,000, where option writers have accumulated notable positions.
Chart Pattern
On the daily timeframe, a bullish engulfing candle formed five days ago, followed by a bearish harami ten days ago. The bullish engulfing indicates a momentary shift to higher closing prices engulfing the prior session’s body, while the subsequent bearish harami reflects a contraction where the following candle’s range is contained within the prior day’s body.
Data Summary
Key metrics include a high ROE of 37.4 % and a zero‑value price‑to‑book ratio, underscoring efficient capital utilization. The stock’s P/E of 47.7× places it well above the sector average, suggesting that earnings growth expectations are priced in.
Peer Comparison
| Company | CMP | Mkt Cap | P/E | P/B | ROE % | ROCE % | D/E |
|---|---|---|---|---|---|---|---|
| TITAN Titan Company Limited | ₹5,020 | ₹4.5L Cr | 76.4 | 28.36 | 37.7 | 20.5 | 0.97 |
| ASIANPAINT Asian Paints Limited | ₹2,527 | ₹2.4L Cr | 49.7 | 11.33 | 21.8 | 26.3 | 0.18 |
| LGEINDIA LG Electronics India Limited | ₹1,690 +1.57% | ₹1.0L Cr | 62.26 | 15.23 | 24.72 | — | 0.06 |
| HAVELLS Havells India Limited | ₹1,154 | ₹72K Cr | 43.5 | 7.64 | 19 | 24.9 | 0.03 |
| KALYANKJIL Kalyan Jewellers India Limited | ₹599 | ₹62K Cr | 42.3 | 9.8 | 24.8 | 21.2 | 1 |
| BERGEPAINT Berger Paints (I) Limited | ₹510 −1.10% | ₹57K Cr | 46.1 | 8.6 | 17.3 | 21.6 | 0.11 |
| VOLTAS Voltas Limited | ₹1,170 | ₹39K Cr | 82.9 | 6.06 | 6.1 | 9.04 | 0.28 |
Showing 7 peers in the same sector · Sorted by market cap
Shareholding Pattern
DIXON · as of Mar 2026
| Category | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Promoters | 33.63% | 33.44% | 33.24% | 32.89% | 32.42% | 32.27% |
| FII | 17.41% | 17.85% | 19.33% | 22.69% | 23.22% | 21.81% |
| DII | 26.39% | 27.01% | 26.08% | 23.14% | 22.61% | 23.07% |
| Public | 22.58% | 21.71% | 21.34% | 21.27% | 21.73% | 22.86% |
Corporate Events
To consider and approve the financial results for the period ended Jun 30, 2026
To consider and approve the Audited Financial Results (Standalone and Consolidated) of the Company for the Quarter and Financial year ended 31st March, 2026 and recommendation of Dividend, if any, for the Financial year ended as on 31st March, 2026.
Dividend - Rs 8 Per Share
Annual General Meeting/Dividend - Rs 5 Per Share
Annual General Meeting/Dividend - Rs 3 Per Share
Latest News
All newsDixon appoints new director; board changes announced
Dixon Technologies announced changes in its board following the meeting on July 31, 2026. The company has appointed a new director, though specifics on role and background were not disclosed. No financial implications or strategic shifts were indicated. 📊 *STOCKS:* DIXON | 🏢 *SECTOR:* CapitalMarkets | #LOWIMPACT #BoardChange
Dixon reports Q1FY26 financial results
*Dixon reports Q1FY26 financial results*. Dixon Technologies (India) Limited has announced its financial results for the quarter ended June 30, 2026. The outcome of the board meeting includes key financial metrics and operational updates relevant to investor sentiment. Traders will closely analyze margins, revenue growth, and forward guidance for F&O positioning. 📊 *STOCKS:* $DIXON | 🏢 *SECTOR:* CapitalMarkets | #HIGHIMPACT #Earnings
Dixon shares up after analyst meet updates
*Dixon shares up after analyst meet updates.* The company shared outcomes from its recent analyst and institutional investor meet. While no major financial revisions were disclosed, investor sentiment improved on clarity around execution and demand visibility. Guidance and operational updates supported positive market reaction. 📊 *STOCKS:* $DIXON | 🏢 *SECTOR:* CapitalMarkets | #MEDIUMIMPACT #Dixon
Dixon shares may rise on positive analyst meet
*Dixon Technologies held an analyst and institutional investor meet, sharing business updates.* The outcome indicates strong investor sentiment with potential for growth in electronics manufacturing. Management highlighted expansion plans and improving margins, though no major financial numbers were disclosed. 📊 *STOCKS:* $DIXON | 🏢 *SECTOR:* CapitalMarkets | #MEDIUMIMPACT #AnalystMeet
Dixon shares rise after analyst meet updates
*Dixon shares rise after analyst meet updates*. The company shared key insights from its recent analyst and institutional investor meet. Management highlighted strong order visibility and **>20% revenue growth** guidance for FY25. Margins expected to stabilize at **~8% EBITDA** level amid capacity expansion. 📊 *STOCKS:* $DIXON | 🏢 *SECTOR:* CapitalMarkets | #MEDIUMIMPACT #Dixon
Dixon shares up after analyst meet updates
*Dixon shares up after analyst meet updates*. The company shared operational and financial updates during its recent analyst and institutional investor meet. Management highlighted strong order visibility and expansion plans in electronics manufacturing. Revenue guidance remains robust with **20-25% YoY growth** expected this fiscal. 📊 *STOCKS:* $DIXON | 🏢 *SECTOR:* CapitalMarkets | #MEDIUMIMPACT #BrokerCalls
Dixon shares in focus after investor meet updates
*Dixon shares in focus after investor meet updates*. The company informed the exchange about the outcome of its recent analyst and institutional investor meet. While no major financial figures were disclosed, investor sentiment may shift based on commentary around margin guidance and order pipeline. Guidance on capacity expansion and revenue growth was reiterated. 📊 *STOCKS:* DIXON | 🏢 *SECTOR:* CapitalMarkets | #MEDIUMIMPACT #InvestorMeet
Dixon shares to watch after analyst meet updates
*Dixon shares to watch after analyst meet updates* — Dixon Technologies shared key takeaways from its recent analyst and institutional investor meet. The company highlighted growth outlook, capacity expansion plans, and margin guidance. No major policy or financial surprises were disclosed. 📊 *STOCKS:* DIXON | 🏢 *SECTOR:* CapitalMarkets | #MEDIUMIMPACT #AnalystMeet
Dixon shares to watch after analyst meet updates
*Dixon shares to watch after analyst meet updates* — Dixon Technologies shared outcomes from its recent analyst and institutional investor meet. No major announcements, but guidance and business updates likely discussed. Traders may react to sentiment shifts or forward-looking commentary. 📊 *STOCKS:* DIXON | 🏢 *SECTOR:* CapitalMarkets | #MEDIUMIMPACT #AnalystMeet
Dixon informs NSE about AGM notice publication
*Dixon informs NSE about AGM notice publication*. Dixon Technologies has filed a copy of the newspaper publication regarding the notice for its 33rd Annual General Meeting. The filing includes details on remote e-voting for shareholders. This is a routine corporate disclosure with no immediate financial impact. 📊 *STOCKS:* $DIXON | 🏢 *SECTOR:* CapitalMarkets | #LOWIMPACT #AGM
Financials
Quarterly Results
| Metric | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹10.7K Cr 28.2% | ₹14.9K Cr 15.7% | ₹12.8K Cr 24.7% | ₹10.3K Cr 1.5% | ₹10.5K Cr 9.4% | ₹11.5K Cr 75.3% | ₹6.6K Cr 41.3% | ₹4.7K Cr |
| Op. Profit | ₹414 Cr 26.2% | ₹561 Cr 16.4% | ₹482 Cr 8.8% | ₹443 Cr 13.3% | ₹391 Cr 8.2% | ₹426 Cr 71.8% | ₹248 Cr 36.3% | ₹182 Cr |
| OPM | 3.9% 2.6% | 3.8% 0.0% | 3.8% 11.6% | 4.3% 16.2% | 3.7% 0.0% | 3.7% 7.5% | 4.0% 0.0% | 4.0% |
| Net Profit | ₹321 Cr 57.0% | ₹746 Cr 166.4% | ₹280 Cr 39.8% | ₹465 Cr 115.3% | ₹216 Cr 47.6% | ₹412 Cr 194.3% | ₹140 Cr 44.3% | ₹97 Cr |
| EPS (₹) | 47.34 57.2% | 110.72 197.6% | 37.2 44.1% | 66.54 133.5% | 28.5 56.3% | 65.15 191.6% | 22.34 40.4% | 15.91 |
Values in ₹ Cr · Source: Screener.in
Annual Profit & Loss
| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ₹48.9K Cr 25.8% | ₹38.9K Cr 119.7% | ₹17.7K Cr 45.1% | ₹12.2K Cr 14.0% | ₹10.7K Cr 65.9% | ₹6.4K Cr 46.5% | ₹4.4K Cr 47.5% | ₹3.0K Cr 5.0% | ₹2.8K Cr 15.7% | ₹2.5K Cr |
| Expenses | ₹47.0K Cr 25.9% | ₹37.3K Cr 119.9% | ₹17.0K Cr 45.5% | ₹11.7K Cr 13.2% | ₹10.3K Cr 67.5% | ₹6.2K Cr 47.6% | ₹4.2K Cr 46.5% | ₹2.8K Cr 4.4% | ₹2.7K Cr 15.4% | ₹2.4K Cr |
| Op. Profit | ₹1.9K Cr 23.6% | ₹1.5K Cr 114.9% | ₹705 Cr 35.8% | ₹519 Cr 35.2% | ₹384 Cr 31.5% | ₹292 Cr 28.1% | ₹228 Cr 67.6% | ₹136 Cr 20.4% | ₹113 Cr 22.8% | ₹92 Cr |
| OPM | 3.8% 2.6% | 3.9% 2.5% | 4.0% 7.0% | 4.3% 19.4% | 3.6% 20.0% | 4.5% 10.0% | 5.0% 8.7% | 4.6% 15.0% | 4.0% 0.0% | 4.0% |
| Other Income | ₹731 Cr 47.1% | ₹497 Cr 1453.1% | ₹32 Cr 700.0% | ₹4 Cr 0.0% | ₹4 Cr 300.0% | ₹1 Cr 80.0% | ₹5 Cr 16.7% | ₹6 Cr 50.0% | ₹4 Cr 300.0% | ₹1 Cr |
| Interest | ₹141 Cr 13.0% | ₹162 Cr 100.0% | ₹81 Cr 26.6% | ₹64 Cr 30.6% | ₹49 Cr 48.5% | ₹33 Cr 15.4% | ₹39 Cr 50.0% | ₹26 Cr 100.0% | ₹13 Cr 18.8% | ₹16 Cr |
| Depreciation | ₹393 Cr 39.9% | ₹281 Cr 73.5% | ₹162 Cr 40.9% | ₹115 Cr 36.9% | ₹84 Cr 90.9% | ₹44 Cr 18.9% | ₹37 Cr 68.2% | ₹22 Cr 46.7% | ₹15 Cr 36.4% | ₹11 Cr |
| PBT | ₹2.1K Cr 31.9% | ₹1.6K Cr 217.8% | ₹494 Cr 43.2% | ₹345 Cr 35.3% | ₹255 Cr 17.5% | ₹217 Cr 38.2% | ₹157 Cr 67.0% | ₹94 Cr 6.8% | ₹88 Cr 33.3% | ₹66 Cr |
| Tax % | 21.0% 0.0% | 21.0% 12.5% | 24.0% 7.7% | 26.0% 4.0% | 25.0% 3.8% | 26.0% 13.0% | 23.0% 28.1% | 32.0% 3.2% | 31.0% 10.7% | 28.0% |
| Net Profit | ₹1.6K Cr 33.3% | ₹1.2K Cr 228.8% | ₹375 Cr 47.1% | ₹255 Cr 34.2% | ₹190 Cr 18.8% | ₹160 Cr 33.3% | ₹120 Cr 90.5% | ₹63 Cr 3.3% | ₹61 Cr 27.1% | ₹48 Cr |
| EPS (₹) | 236.61 30.1% | 181.87 195.9% | 61.47 43.3% | 42.9 33.9% | 32.05 17.5% | 27.28 31.1% | 20.81 86.0% | 11.19 4.0% | 10.76 24.2% | 8.66 |
| Div Payout | 4.0% 0.0% | 4.0% 50.0% | 8.0% 14.3% | 7.0% 16.7% | 6.0% 50.0% | 4.0% 0.0% | 4.0% 0.0% | 4.0% 0.0% | 4.0% 71.4% | 14.0% |
Values in ₹ Cr · Source: Screener.in
Balance Sheet
| Item | Sep 2025 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
Liabilities | ||||||||||
| Equity Capital | ₹12 Cr 0.0% | ₹12 Cr 0.0% | ₹12 Cr 0.0% | ₹12 Cr 0.0% | ₹12 Cr 0.0% | ₹12 Cr 0.0% | ₹12 Cr 9.1% | ₹11 Cr 0.0% | ₹11 Cr 0.0% | ₹11 Cr |
| Reserves | ₹4.1K Cr 35.2% | ₹3.0K Cr 78.1% | ₹1.7K Cr 32.2% | ₹1.3K Cr 29.2% | ₹985 Cr 35.7% | ₹726 Cr 37.0% | ₹530 Cr 44.4% | ₹367 Cr 20.7% | ₹304 Cr 63.4% | ₹186 Cr |
| Borrowings | ₹1.4K Cr 107.0% | ₹671 Cr 37.2% | ₹489 Cr 7.9% | ₹453 Cr 32.1% | ₹667 Cr 126.1% | ₹295 Cr 239.1% | ₹87 Cr 38.3% | ₹141 Cr 213.3% | ₹45 Cr 4.7% | ₹43 Cr |
| Other Liabilities | ₹14.2K Cr 8.6% | ₹13.1K Cr 172.1% | ₹4.8K Cr 63.4% | ₹2.9K Cr 12.6% | ₹2.6K Cr 44.0% | ₹1.8K Cr 69.7% | ₹1.1K Cr 10.1% | ₹971 Cr 60.2% | ₹606 Cr 10.4% | ₹549 Cr |
| Total Liabilities | ₹19.7K Cr 17.3% | ₹16.8K Cr 139.7% | ₹7.0K Cr 49.4% | ₹4.7K Cr 9.4% | ₹4.3K Cr 50.3% | ₹2.8K Cr 67.7% | ₹1.7K Cr 13.8% | ₹1.5K Cr 54.3% | ₹966 Cr 22.4% | ₹789 Cr |
Assets | ||||||||||
| Fixed Assets | ₹4.0K Cr 44.9% | ₹2.8K Cr 39.0% | ₹2.0K Cr 60.5% | ₹1.2K Cr 24.0% | ₹1.0K Cr 82.4% | ₹550 Cr 32.9% | ₹414 Cr 71.8% | ₹241 Cr 34.6% | ₹179 Cr 30.7% | ₹137 Cr |
| CWIP | ₹331 Cr 28.8% | ₹257 Cr 277.9% | ₹68 Cr 43.3% | ₹120 Cr 445.5% | ₹22 Cr 69.4% | ₹72 Cr 620.0% | ₹10 Cr 47.4% | ₹19 Cr 18.8% | ₹16 Cr 700.0% | ₹2 Cr |
| Investments | ₹1.2K Cr 114.7% | ₹536 Cr 2580.0% | ₹20 Cr 54.5% | ₹44 Cr 68.8% | ₹141 Cr 48.4% | ₹95 Cr | ₹0 Cr 100.0% | ₹8 Cr 27.3% | ₹11 Cr | ₹0 Cr |
| Other Assets | ₹14.1K Cr 7.3% | ₹13.2K Cr 168.9% | ₹4.9K Cr 49.9% | ₹3.3K Cr 5.2% | ₹3.1K Cr 46.2% | ₹2.1K Cr 67.2% | ₹1.3K Cr 4.0% | ₹1.2K Cr 61.3% | ₹759 Cr 16.8% | ₹650 Cr |
| Total Assets | ₹19.7K Cr 17.3% | ₹16.8K Cr 139.7% | ₹7.0K Cr 49.4% | ₹4.7K Cr 9.4% | ₹4.3K Cr 50.3% | ₹2.8K Cr 67.7% | ₹1.7K Cr 13.8% | ₹1.5K Cr 54.3% | ₹966 Cr 22.4% | ₹789 Cr |
Values in ₹ Cr · Source: Screener.in
Cash Flow Statement
| Item | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating CF | ₹1.1K Cr 96.9% | ₹584 Cr 19.6% | ₹726 Cr 165.9% | ₹273 Cr 60.6% | ₹170 Cr 28.3% | ₹237 Cr 8000.0% | ₹-3 Cr 104.4% | ₹68 Cr 28.3% | ₹53 Cr 26.2% | ₹42 Cr |
| Investing CF | ₹-1.1K Cr 105.8% | ₹-531 Cr 49.2% | ₹-356 Cr 23.3% | ₹-464 Cr 75.1% | ₹-265 Cr 167.7% | ₹-99 Cr 54.7% | ₹-64 Cr 36.0% | ₹-100 Cr 132.6% | ₹-43 Cr 95.5% | ₹-22 Cr |
| Financing CF | ₹-27 Cr 61.4% | ₹-70 Cr 78.8% | ₹-330 Cr 208.6% | ₹304 Cr 382.5% | ₹63 Cr 210.5% | ₹-57 Cr 182.6% | ₹69 Cr 64.3% | ₹42 Cr 625.0% | ₹-8 Cr 60.0% | ₹-20 Cr |
| Net Cash Flow | ₹30 Cr 276.5% | ₹-17 Cr 141.5% | ₹41 Cr 63.7% | ₹113 Cr 453.1% | ₹-32 Cr 139.5% | ₹81 Cr 3950.0% | ₹2 Cr 80.0% | ₹10 Cr 900.0% | ₹1 Cr 0.0% | ₹1 Cr |
| Free Cash Flow | ₹254 Cr 1487.5% | ₹16 Cr 94.2% | ₹276 Cr 290.3% | ₹-145 Cr 7350.0% | ₹2 Cr 98.4% | ₹129 Cr 257.3% | ₹-82 Cr 1540.0% | ₹-5 Cr 133.3% | ₹15 Cr 6.3% | ₹16 Cr |
Values in ₹ Cr · Source: Screener.in
Key Ratios History
| Metric | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 65d 35.4% | 48d 5.9% | 51d 10.9% | 46d 25.8% | 62d 44.2% | 43d 31.7% | 63d 65.8% | 38d 9.5% | 42d 82.6% | 23d |
| Inventory Days | 41d 5.1% | 39d 21.9% | 32d 25.6% | 43d 8.5% | 47d 0.0% | 47d 17.5% | 57d 21.3% | 47d 0.0% | 47d 14.6% | 41d |
| Days Payable | 111d 20.7% | 92d 13.6% | 81d 5.8% | 86d 20.4% | 108d 21.3% | 89d 13.6% | 103d 37.3% | 75d 10.7% | 84d 50.0% | 56d |
| Cash Conv. Cycle | -5d 16.7% | -6d 400.0% | 2d 33.3% | 3d 200.0% | 1d 0.0% | 1d 94.1% | 17d 70.0% | 10d 100.0% | 5d 37.5% | 8d |
| Working Capital Days | 2d 200.0% | -2d 0.0% | -2d 166.7% | 3d 66.7% | 9d 0.0% | 9d 25.0% | 12d 50.0% | 8d 14.3% | 7d 12.5% | 8d |
| ROCE | 40.0% 37.9% | 29.0% 20.8% | 24.0% 4.3% | 23.0% 23.3% | 30.0% 11.8% | 34.0% 25.9% | 27.0% 20.6% | 34.0% 8.1% | 37.0% 27.6% | 29.0% |
Source: Screener.in · Lower days = better efficiency
Deep Dive Analysis
About Dixon Technologies (India) Limited
Dixon Technologies (India) Limited, incorporated in 1993 , is a Electronic Manufacturing Services (EMS) company with operations in the electronic products vertical such as consumer electronics, lighting, home appliance, closed-circuit television cameras (CCTVs), and mobile phones. It also undertakes reverse logistics operations. Besides, it manufactures security surveillance equipment, wearables & audibles, AC-PCBs. Recently, it has entered a JV with Imagine Marketing Private Limited for designing and manufacturing wireless audio solutions in India.[1]
Consumer DurablesConsumer Durables