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 14.8x)
Today's Price Action
The stock closed at ₹11,400, matching its previous close with zero percent change. Trading volume recorded 2,59,397 shares, exactly equal to the 20‑day average, indicating neutral participation. The lack of deviation from the average volume suggests that neither institutional accumulation nor distribution is evident at present.
Valuation Snapshot
The trailing P/E stands at 36.5, while the sector average is not disclosed. A return on equity of 18.9% reflects solid profitability relative to the balance sheet. A price‑to‑book multiple of zero indicates that book value substantially exceeds market price, a characteristic often observed in companies undergoing balance‑sheet realignment.
Key Levels to Watch
The 52‑week range spans ₹9,600 to ₹15,775, placing the current price roughly midway between support and resistance. Open‑interest data on nearby strike prices shows comparable commitment on both sides, suggesting a balanced outlook. The 200‑day moving average lies near ₹10,200, providing a soft support level, while the 50‑day average around ₹12,300 acts as a dynamic resistance.
Chart Pattern
On the daily chart, a Three Black Crows formation emerged eight days ago, consisting of three consecutive long‑body bearish candles. The pattern appeared on the 1‑day timeframe and follows a prior uptrend, marking a shift in candle coloration.
Data Summary
Market capitalization is reported as ₹0 Cr, and the price‑to‑book ratio sits at 0. The share price remains within its annual swing, with no immediate deviation from the established range. With an ROE close to 19%, the firm outperforms many peers in the consumer durables arena, despite a muted market‑cap figure for the quarter.
Peer Comparison
| Company | CMP | Mkt Cap | P/E | P/B | ROE % | ROCE % | D/E |
|---|---|---|---|---|---|---|---|
| TITAN Titan Company Limited | ₹4,338 | ₹3.8L Cr | 65.4 | 24.51 | 37.7 | 20.5 | 0.97 |
| ASIANPAINT Asian Paints Limited | ₹2,285 | ₹2.2L Cr | 45.4 | 10.24 | 21.8 | 26.3 | 0.18 |
| LGEINDIA LG Electronics India Limited | ₹— | ₹1.0L Cr | 62.26 | 15.23 | 24.72 | — | 0.06 |
| HAVELLS Havells India Limited | ₹1,025 | ₹65K Cr | 38.1 | 6.57 | 19 | 24.9 | 0.02 |
| BERGEPAINT Berger Paints (I) Limited | ₹— | ₹54K Cr | 44.3 | — | 17.3 | 21.6 | 0.11 |
| KALYANKJIL Kalyan Jewellers India Limited | ₹510 | ₹53K Cr | 36.1 | 8.35 | 24.8 | 21.2 | 1 |
| VOLTAS Voltas Limited | ₹1,012 | ₹31K Cr | 67.3 | 5.24 | 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 (standalone and consolidated) for the period ended September 30, 2026
Dividend - Rs 10 Per Share
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 rise after analyst meet updates
*Dixon shares rise after analyst meet updates*. Company provided insights during recent analyst and institutional investor meet. Disclosed strong order book of **₹10,000 crore**, with visibility up to 18 months. Focus on electronics manufacturing growth and capacity expansion. 📊 *STOCKS:* $DIXON | 🏢 *SECTOR:* CapitalMarkets | #MEDIUMIMPACT #Dixon
Dixon shares to watch after analyst meet updates
*Dixon shares to watch after analyst meet updates*. Company shared key updates from recent analyst and institutional investor interactions. While no major announcements were made, investor sentiment could shift based on guidance or commentary around order book and capacity expansion. Traders may assess tone for future growth signals. 📊 *STOCKS:* $DIXON | 🏢 *SECTOR:* CapitalMarkets | #MEDIUMIMPACT #AnalystMeet
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
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