Dixon Technologies (India) Limited

NSE: DIXON · Consumer Durables · Lot size: 50

Dixon Technologies (India) Limited Share Price & Analysis

13,855Updated 22 Jul 2026, 03:30 pm IST
LTP
13,855
Open
14,139
High
14,210
Low
13,650
Close
₹14,118
52W High
₹18,472
52W Low
₹9,600
Volume
418K
Lot Size
50
Sector
Consumer Durables
Market Cap
₹88K Cr
Face Value
₹2
Large CapNIFTY 200NIFTY 500MIDCAP 100

Price Chart

Fundamentals

P/E
60.9
Sector P/E
48
P/B
18.02
EPS
₹261.8
ROE
37.4%
ROCE
42%
D/E Ratio
0.21
Div Yield
0.06%
Book Value
₹769
+

Strengths

  • Excellent return on equity (ROE 37.4%)
  • Efficient capital deployment (ROCE 42%)
  • Low debt relative to equity (D/E 0.2x)

Concerns

  • High premium to book value (P/B 18x)

Peer Comparison

CompanyCMPMkt CapP/EP/BROE %ROCE %D/E
TITAN
Titan Company Limited
4,709
₹4.1L Cr8026.6137.720.50.97
ASIANPAINT
Asian Paints Limited
2,690
₹2.6L Cr58.112.0621.826.30.18
LGEINDIA
LG Electronics India Limited
1,564
-0.82%
₹1.0L Cr62.2615.2324.720.06
HAVELLS
Havells India Limited
1,209
₹75K Cr44.78.011924.90.03
KALYANKJIL
Kalyan Jewellers India Limited
595
₹59K Cr439.7424.820.51
BERGEPAINT
Berger Paints (I) Limited
506
+3.2%
₹58K Cr49.38.5417.822.20.11
VOLTAS
Voltas Limited
1,309
₹44K Cr1136.786.19.040.28

Showing 7 peers in the same sector · Sorted by market cap

Shareholding Pattern

DIXON · as of Mar 2026

Promoters32.27%0.15
FII21.81%1.41
DII23.07%0.46
Public22.86%1.13
CategoryDec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters33.63%33.44%33.24%32.89%32.42%32.27%
FII17.41%17.85%19.33%22.69%23.22%21.81%
DII26.39%27.01%26.08%23.14%22.61%23.07%
Public22.58%21.71%21.34%21.27%21.73%22.86%

Corporate Events

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.

Dividend11 May 2026

Dividend - Rs 8 Per Share

Dividend15 Sept 2025

Annual General Meeting/Dividend - Rs 5 Per Share

Dividend16 Sept 2024

Annual General Meeting/Dividend - Rs 3 Per Share

Dividend21 Sept 2023

Latest News

All news →

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

NSE Filing8 Jul
Medium Impact

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

NSE Filing24 Jun
Medium Impact

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

NSE Filing23 Jun
Medium Impact

Dixon-Vivo JV approved by government

*Dixon-Vivo JV approved by government* Dixon Technologies shares are in focus after receiving government approval for its joint venture with Vivo India. The agreements have been formally signed, marking a key step in the partnership. This JV aims to expand smartphone manufacturing in India, boosting Dixon's production capabilities. 📊 *STOCKS:* DIXON | 🏢 *SECTOR:* Electronics | #MEDIUMIMPACT #JV

Upstox10 Jul
Medium Impact

Govt clears Dixon-Vivo JV for smartphone manufacturing

*Govt clears Dixon-Vivo JV for smartphone manufacturing* — The Indian government has approved a joint venture between Dixon Technologies and China’s Vivo to manufacture smartphones in India. The partnership aims to boost local production with an initial investment of **₹1,500 crore** and target annual sales of **5 million units**. Dixon will hold a majority stake, strengthening its position in the electronics manufacturing sector. 📊 *STOCKS:* DIXON | 🏢 *SECTOR:* Corporate | #MEDIUMIMPACT #JV

The Indian Express10 Jul
Medium Impact

Government approves Vivo-Dixon joint venture under Press Note 3

*Government approves Vivo-Dixon joint venture under Press Note 3 norms.* This clears regulatory hurdles for the proposed JV, enabling local manufacturing expansion under FDI guidelines. The move is seen as positive for **Dixon’s** future revenue streams and capacity utilization. Approval signals ease in tech sector FDI compliance. 📊 *STOCKS:* DIXON | 🏢 *SECTOR:* CapitalMarkets | #MEDIUMIMPACT #JV

India IPO10 Jul
Medium Impact

Dixon-Vivo JV approved for smartphone manufacturing in India

*Dixon-Vivo JV approved for smartphone manufacturing in India* — The Indian government has cleared a joint venture between Dixon Technologies and Vivo to manufacture smartphones locally. This move is expected to boost domestic production and may lead to increased revenue for Dixon, which could scale its operations. The partnership underscores growing momentum in India’s electronics manufacturing sector. 📊 *STOCKS:* DIXON | 🏢 *SECTOR:* Auto | #MEDIUMIMPACT #SmartphoneManufacturing

Firstpost9 Jul
Medium Impact

Dixon, Vivo get nod for smartphone JV in India

*Dixon, Vivo get nod for smartphone JV in India.* The joint venture aims to boost local manufacturing with an initial investment of **₹1,500 crore**. Production is expected to start by 2025, targeting **5 million units annually**. This move aligns with government’s PLI scheme for electronics. 📊 *STOCKS:* DIXON | 🏢 *SECTOR:* Auto | #MEDIUMIMPACT #JointVenture

BusinessLine9 Jul
Medium Impact

JM Financial upgrades Dixon Tech, raises target by 27%

*JM Financial upgrades Dixon Tech, raises target price by 27%* — JM Financial has upgraded Dixon Technologies to 'Buy' with a raised target price of **₹12,300**, up **27%** from earlier. The move follows strong quarterly performance and expanding ODM margins. Analysts cite rising market share in electronics manufacturing as a key growth driver. 📊 *STOCKS:* DIXON | 🏢 *SECTOR:* CapitalMarkets | #MEDIUMIMPACT #BrokerUpgrade

TradingView25 Jun
Medium Impact

Dixon-Vivo JV nears government approval

*Dixon-Vivo joint venture likely to get government approval soon.* This clears a key hurdle for scaling smartphone and electronics manufacturing in India. The partnership aims to boost local production and capture growing demand. Approval could trigger capex and supply chain developments. 📊 *STOCKS:* DIXON | 🏢 *SECTOR:* CapitalMarkets | #MEDIUMIMPACT #JointVenture

BusinessLine17 Jun
Medium Impact

Financials

Quarterly Results

MetricDec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024Jun 2024Mar 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
4.0%
▲0.0%
4.0%
▲0.0%
4.0%
▲0.0%
4.0%
▲0.0%
4.0%
▲0.0%
4.0%
▲0.0%
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

MetricMar 2026Mar 2025Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 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
▲23.2%
₹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
4.0%
▲0.0%
4.0%
▲0.0%
4.0%
▲0.0%
4.0%
▲0.0%
4.0%
▼20.0%
5.0%
▲0.0%
5.0%
▲0.0%
5.0%
▲25.0%
4.0%
▲0.0%
4.0%
Other Income
₹734 Cr
▲47.7%
₹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
₹137 Cr
▼15.4%
₹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

ItemSep 2025Mar 2025Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 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

ItemMar 2025Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 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

MetricMar 2025Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 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

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 Durables · Consumer Durables

Frequently Asked Questions

What is Dixon Technologies (India) Limited share price today?
Dixon Technologies (India) Limited (DIXON) is currently trading at ₹13,855 on NSE, as of the last market session. Prices update daily after market close on MarketNetra.
Is Dixon Technologies (India) Limited available in F&O (Futures & Options)?
Yes, Dixon Technologies (India) Limited (DIXON) is part of the NSE F&O segment with a lot size of 50 shares. Options are available with monthly expiry contracts. You can track the full option chain and OI analysis on MarketNetra.
What is Dixon Technologies (India) Limited 52-week high and low?
Dixon Technologies (India) Limited's 52-week high is ₹18,472 and the 52-week low is ₹9,600. The current price of ₹13,855 is 25.0% below the 52W high.
What is Dixon Technologies (India) Limited P/E ratio?
Dixon Technologies (India) Limited's current P/E ratio is 60.9. This indicates the market is paying ₹60.9 for every ₹1 of earnings. Compare this to the sector average to assess relative valuation.
How to trade Dixon Technologies (India) Limited options?
Dixon Technologies (India) Limited options are traded on NSE with monthly expiry contracts (lot size: 50 shares). To trade DIXON options: select your expiry on the option chain page, identify key OI strikes, check the PCR and buildup type on OI analysis, and review FII/DII flows for institutional sentiment before taking a position.