Dixon Technologies (India) Ltd
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]
- Market Cap ₹ 71,533 Cr.
- Current Price ₹ 11,971
- High / Low ₹ 12,149 / 3,953
- Stock P/E 385
- Book Value ₹ 233
- Dividend Yield 0.03 %
- ROCE 19.0 %
- ROE 14.5 %
- Face Value ₹ 2.00
Pros
Cons
- Stock is trading at 51.4 times its book value
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Sector: Consumer Durables Industry: Electronics - Consumer
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
725 | 1,062 | 1,115 | 1,252 | 1,645 | 2,210 | 2,526 | 3,672 | 5,675 | 7,484 | 6,997 | 6,411 | |
710 | 1,043 | 1,092 | 1,223 | 1,560 | 2,104 | 2,400 | 3,467 | 5,401 | 7,201 | 6,631 | 6,096 | |
Operating Profit | 15 | 18 | 23 | 29 | 85 | 107 | 126 | 204 | 274 | 284 | 367 | 315 |
OPM % | 2% | 2% | 2% | 2% | 5% | 5% | 5% | 6% | 5% | 4% | 5% | 5% |
0 | 8 | 1 | 26 | 0 | 3 | 4 | 9 | 2 | 3 | 15 | 37 | |
Interest | 8 | 8 | 6 | 7 | 15 | 13 | 26 | 39 | 31 | 35 | 39 | 41 |
Depreciation | 4 | 4 | 5 | 6 | 10 | 14 | 20 | 32 | 38 | 51 | 58 | 64 |
Profit before tax | 3 | 14 | 13 | 41 | 61 | 82 | 84 | 142 | 206 | 200 | 285 | 247 |
Tax % | 44% | 22% | 24% | 12% | 28% | 31% | 33% | 22% | 26% | 25% | 26% | 25% |
2 | 11 | 10 | 36 | 44 | 57 | 56 | 111 | 152 | 151 | 211 | 186 | |
EPS in Rs | 1.25 | 7.08 | 6.33 | 23.48 | 7.97 | 10.07 | 9.96 | 19.10 | 25.95 | 25.44 | 35.45 | 31.04 |
Dividend Payout % | 16% | 3% | 3% | 11% | 15% | 4% | 4% | 4% | 4% | 8% | 8% | 16% |
Compounded Sales Growth | |
---|---|
10 Years: | 20% |
5 Years: | 20% |
3 Years: | 4% |
TTM: | -8% |
Compounded Profit Growth | |
---|---|
10 Years: | 32% |
5 Years: | 27% |
3 Years: | 7% |
TTM: | -13% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | 92% |
3 Years: | 39% |
1 Year: | 174% |
Return on Equity | |
---|---|
10 Years: | 20% |
5 Years: | 19% |
3 Years: | 18% |
Last Year: | 15% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 3 | 3 | 3 | 3 | 11 | 11 | 11 | 12 | 12 | 12 | 12 | 12 |
Reserves | 59 | 69 | 78 | 110 | 179 | 292 | 349 | 503 | 691 | 910 | 1,154 | 1,382 |
87 | 87 | 65 | 70 | 43 | 45 | 139 | 76 | 223 | 373 | 243 | 239 | |
111 | 108 | 136 | 145 | 265 | 320 | 605 | 831 | 1,494 | 1,431 | 1,323 | 1,200 | |
Total Liabilities | 259 | 268 | 283 | 328 | 498 | 668 | 1,103 | 1,421 | 2,419 | 2,726 | 2,732 | 2,834 |
66 | 71 | 76 | 85 | 129 | 168 | 207 | 350 | 381 | 608 | 741 | 824 | |
CWIP | 5 | 0 | 0 | 0 | 2 | 16 | 19 | 10 | 72 | 19 | 52 | 34 |
Investments | 8 | 9 | 9 | 25 | 9 | 13 | 18 | 45 | 140 | 227 | 138 | 124 |
181 | 188 | 198 | 217 | 359 | 471 | 859 | 1,016 | 1,826 | 1,872 | 1,801 | 1,851 | |
Total Assets | 259 | 268 | 283 | 328 | 498 | 668 | 1,103 | 1,421 | 2,419 | 2,726 | 2,732 | 2,834 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
43 | 6 | 40 | 26 | 46 | 61 | -12 | 238 | 158 | 214 | 404 | 239 | |
-6 | 2 | -11 | -19 | -39 | -97 | -54 | -93 | -266 | -249 | -283 | -266 | |
-37 | -9 | -29 | -7 | -7 | 42 | 67 | -61 | 51 | 110 | -189 | 2 | |
Net Cash Flow | -0 | -1 | 0 | 0 | -0 | 7 | 1 | 84 | -57 | 75 | -67 | -24 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 19 | 13 | 15 | 20 | 30 | 21 | 63 | 43 | 65 | 41 | 49 | 52 |
Inventory Days | 45 | 32 | 35 | 29 | 41 | 45 | 50 | 42 | 40 | 35 | 26 | 25 |
Days Payable | 56 | 33 | 43 | 40 | 59 | 45 | 92 | 82 | 103 | 71 | 71 | 69 |
Cash Conversion Cycle | 8 | 12 | 7 | 9 | 11 | 21 | 21 | 2 | 2 | 5 | 3 | 7 |
Working Capital Days | 28 | 23 | 17 | 17 | 17 | 17 | 33 | 16 | 18 | 13 | 10 | 11 |
ROCE % | 8% | 15% | 13% | 23% | 37% | 33% | 26% | 33% | 31% | 21% | 24% |
Documents
Announcements
- Closure of Trading Window 1h
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
25 Jun - Read with Para A and Part A of schedule III of the said regulations, the details of scheduled Meeting(s) between the officials of the Company …
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
25 Jun - Read with Para A and Part A of schedule III of the said regulations, we hereby inform that the Company's officials had Call with the …
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
21 Jun - Read with Para A and Part A of schedule III of the said regulations, we hereby inform that the Company's officials had Meeting with the …
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
20 Jun - Read with Para A and Part A of schedule III of the said regulations, please find the details of scheduled Call/Meeting between the officials of …
Annual reports
Concalls
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May 2024Transcript PPT REC
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May 2024TranscriptNotesPPTREC
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Feb 2024Transcript PPT
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Oct 2023TranscriptPPT
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Jul 2023Transcript PPT
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Oct 2022TranscriptPPT
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Aug 2022TranscriptPPT
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Jun 2022Transcript PPT
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Jan 2022Transcript PPT
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Oct 2021Transcript PPT
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Jul 2021Transcript PPT
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May 2021Transcript PPT
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Feb 2021Transcript PPT
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Nov 2020TranscriptPPT
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Oct 2020TranscriptPPT
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Aug 2020Transcript PPT
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Jun 2020Transcript PPT
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Jan 2020TranscriptPPT
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Aug 2019Transcript PPT
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May 2019Transcript PPT
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Jan 2019Transcript PPT
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Nov 2018Transcript PPT
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Aug 2018Transcript PPT
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May 2018Transcript PPT
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Feb 2018Transcript PPT
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Nov 2017Transcript PPT
Market Leadership
Dixon is the one of the largest LED TV manufacturers in India and it services more than 35% of India’s requirement. [1] It is the largest ODM player in lighting & has the largest capacity in various SKU’s. With around 160 models in the semi-automatic category, the Co. has the largest product portfolio ranging from 6kgs to 14kgs. [2]