Dixon Technologies (India) Ltd

Dixon Technolog. Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Dixon Technologies (India) Ltd

₹ 15,349 2.36%
22 Nov - close price
dixoninfo.com BSE: 540699 NSE: DIXON
About

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]

Key Points

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]

Website BSE NSE
  • Market Cap ₹ 92,195 Cr.
  • Current Price ₹ 15,349
  • High / Low ₹ 16,000 / 5,272
  • Stock P/E 555
  • Book Value ₹ 282
  • Dividend Yield 0.03 %
  • ROCE 19.2 %
  • ROE 14.6 %
  • Face Value ₹ 2.00
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Pros

Cons

  • Stock is trading at 54.4 times its book value
  • Earnings include an other income of Rs.280 Cr.

* 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

Part of Nifty200 Alpha30 BSE MidCap Select Index Nifty Midcap Liquid 15 BSE 400 MidSmallCap Index BSE Dollex 200

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
2,194 2,090 1,670 1,504 2,293 1,533 1,667 1,509 2,073 1,441 1,388 1,299 1,986
2,099 2,021 1,597 1,434 2,196 1,454 1,553 1,426 1,979 1,375 1,316 1,245 1,895
Operating Profit 95 68 73 70 98 79 114 83 94 66 72 54 92
OPM % 4% 3% 4% 5% 4% 5% 7% 6% 5% 5% 5% 4% 5%
1 1 0 2 3 10 4 8 8 9 12 12 246
Interest 5 8 10 7 9 9 11 10 9 12 10 11 12
Depreciation 12 12 15 12 14 14 17 16 15 16 17 17 17
Profit before tax 80 48 48 52 77 66 90 65 78 47 57 39 309
Tax % 22% 27% 28% 25% 24% 26% 29% 26% 27% 21% 24% 27% 17%
62 35 35 39 59 49 64 48 57 37 43 28 257
EPS in Rs 10.63 5.95 5.90 6.61 9.91 8.19 10.79 8.05 9.61 6.19 7.26 4.68 42.92
Raw PDF

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 TTM
725 1,062 1,115 1,252 1,645 2,210 2,526 3,672 5,675 7,484 6,997 6,411 6,115
710 1,043 1,092 1,223 1,560 2,104 2,400 3,467 5,401 7,201 6,631 6,093 5,831
Operating Profit 15 18 23 29 85 107 126 204 274 284 367 319 284
OPM % 2% 2% 2% 2% 5% 5% 5% 6% 5% 4% 5% 5% 5%
0 8 1 26 0 3 4 9 2 3 15 36 280
Interest 8 8 6 7 15 13 26 39 31 35 39 44 45
Depreciation 4 4 5 6 10 14 20 32 38 51 58 64 67
Profit before tax 3 14 13 41 61 82 84 142 206 200 285 247 451
Tax % 44% 22% 24% 12% 28% 31% 33% 22% 26% 25% 26% 25%
2 11 10 36 44 57 56 111 152 151 211 186 365
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 61.05
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: -10%
Compounded Profit Growth
10 Years: 32%
5 Years: 27%
3 Years: 7%
TTM: -24%
Stock Price CAGR
10 Years: %
5 Years: 89%
3 Years: 45%
1 Year: 191%
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 Sep 2024
Equity Capital 3 3 3 3 11 11 11 12 12 12 12 12 12
Reserves 59 69 78 110 179 292 349 503 691 910 1,154 1,382 1,676
87 87 65 70 43 45 139 76 223 373 243 239 322
111 108 136 145 265 320 605 831 1,494 1,431 1,323 1,200 1,639
Total Liabilities 259 268 283 328 498 668 1,103 1,421 2,419 2,726 2,732 2,834 3,648
66 71 76 85 129 168 207 350 381 608 741 824 832
CWIP 5 0 0 0 2 16 19 10 72 19 52 34 109
Investments 8 9 9 25 9 13 18 45 140 227 138 124 835
181 188 198 217 359 471 859 1,016 1,826 1,872 1,801 1,851 1,872
Total Assets 259 268 283 328 498 668 1,103 1,421 2,419 2,726 2,732 2,834 3,648

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% 19%

Shareholding Pattern

Numbers in percentages

5 Recently
Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
34.52% 34.30% 34.30% 34.27% 34.06% 34.05% 34.04% 33.80% 33.63% 33.44% 33.24% 32.89%
18.51% 16.39% 15.08% 16.27% 16.66% 12.04% 15.00% 15.66% 17.41% 17.85% 19.33% 22.69%
7.60% 7.98% 8.07% 18.59% 18.92% 23.76% 24.61% 27.44% 26.39% 27.01% 26.08% 23.14%
39.37% 41.33% 42.56% 30.87% 30.35% 30.13% 26.36% 23.11% 22.58% 21.71% 21.34% 21.27%
No. of Shareholders 3,24,0123,79,1603,91,2833,67,7733,47,7283,67,7273,15,6832,85,5662,67,5362,52,8432,67,3142,85,363

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Documents

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