Dixon Technologies is a major player in India’s electronics manufacturing sector, specializing in the production of consumer electronics like mobile phones, televisions, home appliances, and more. As one of the country’s largest LED TV manufacturers, Dixon has seen significant interest due to both its stock prices and future growth targets, which are closely watched by market analysts.

Contents:

Overview of Dixon Technologies
Performance of Dixon Technologies Share
Other Income for Dixon Technologies
Annual Net Profit of Dixon Technologies
Fundamental Analysis of Dixon Technologies Share
Q2 Financial Results
Shareholding Pattern of Dixon Technologies
Share Price Targets (2025-2030)
Risk Factors for Investors
Should You Invest in Dixon Technologies?
Disclaimer

1. About Dixon Technologies

Founded in 1993 and headquartered in Noida, Uttar Pradesh, Dixon Technologies is a prominent name in contract manufacturing services. Partnering with brands like Sony, Samsung, Xiaomi, and Panasonic, Dixon manufactures a wide range of electronics, including televisions, washing machines, LED bulbs, smartphones, and other products. Contract manufacturing forms the core of its business, producing goods for renowned brands.

2. Dixon Technologies Share Performance

Over the past few years, Dixon’s stock has delivered impressive returns, often rallying to new highs. Its consistent performance has earned it a reputation as a multi-bagger stock, providing considerable returns and instilling investor confidence.

3. Dixon Technologies’ Other Income

FY 2021: ₹1 crore
FY 2022: ₹4 crore
FY 2023: ₹4 crore
FY 2024: ₹32 crore
FY 2025 (projected): ₹246 crore

4. Annual Net Profit

FY 2021: ₹160 crore
FY 2022: ₹190 crore
FY 2023: ₹255 crore
FY 2024: ₹375 crore
FY 2025 (projected): ₹746 crore

5. Fundamental Analysis

Market Cap: ₹94,257 crore
Current Price: ₹15,752
P/E Ratio: 168 (Industry PE: 41.8)
ROCE: 29.2%
ROE: 24.7%
Dividend Yield: 0.03%
Book Value: ₹372
Debt: ₹794 crore

6. Q2 Financial Results

In its Q2 results, Dixon posted revenue of ₹11,534 crore and expenses of ₹11,108 crore, resulting in an operating profit of ₹426 crore and an “Other Income” of ₹206 crore. The net profit for the quarter was ₹412 crore.

7. Shareholding Pattern

Promoters: 32.89%
Foreign Institutional Investors (FIIs): 22.69% (up by 3.36%)
Domestic Institutional Investors (DIIs): 23.14% (down by 2.04%)
Public: 21.27%
Total shareholders: 2,85,363

8. Price Targets for 2025-2030

2025: ₹7600 – ₹16700
2026: ₹16800 – ₹22500
2027: ₹22600 – ₹26700
2028: ₹26900 – ₹31200
2029: ₹31300 – ₹35500
2030: ₹35650 – ₹40900

9. Risk Factors

Investing in Dixon comes with risks, primarily due to its dependency on contract manufacturing, which is tied to brand partnerships. Additionally, fluctuations in raw material costs and foreign exchange rates can impact the company’s margins.

10. Should You Invest in Dixon Technologies?

Dixon Technologies is well-positioned in India’s electronics manufacturing industry, benefiting from government incentives and growth opportunities. However, potential investors should consider associated risks, such as material cost fluctuations and foreign exchange impacts. For long-term investors with a higher risk tolerance, Dixon holds strong potential as a lucrative investment.

Disclaimer

This article is for educational and informational purposes only and does not constitute financial advice. Investors are advised to consult their financial advisors before making any investment decisions.