Dixon Technologies (India) Limited Share Price & Analysis
Price Chart
Fundamentals
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 14.9x)
Peer Comparison
| Company | CMP | Mkt Cap | P/E | P/B | ROE % | ROCE % | D/E |
|---|---|---|---|---|---|---|---|
| TITAN Titan Company Limited | ₹4,268 | ₹3.6L Cr | 70.3 | 24.11 | 37.7 | 25.8 | 0.97 |
| ASIANPAINT Asian Paints Limited | ₹2,677 | ₹2.6L Cr | 57.5 | 12 | 21.8 | 26.3 | 0.18 |
| LGEINDIA LG Electronics India Limited | ₹1,500 -0.69% | ₹1.0L Cr | 62.26 | 15.23 | 24.72 | — | 0.06 |
| HAVELLS Havells India Limited | ₹1,152 | ₹74K Cr | 43.6 | 7.63 | 19 | 24.9 | 0.03 |
| BERGEPAINT Berger Paints (I) Limited | ₹490 -0.81% | ₹59K Cr | 50.8 | 8.27 | 17.8 | 22.2 | 0.11 |
| VOLTAS Voltas Limited | ₹1,301 | ₹41K Cr | 104 | 6.74 | 6.1 | 9.04 | 0.28 |
| KALYANKJIL Kalyan Jewellers India Limited | ₹372 | ₹36K Cr | 26.4 | 6.1 | 24.8 | 20.5 | 1 |
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 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
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 | 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
| 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 ▲23.2% | ₹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
| 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 Durables · Consumer Durables