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.
