MarketFriction

Dixon Technologies (India) Ltd

NSE DIXON · BSE 540699 · Consumer Electronics
₹12,700.00 -3.05%
NSE close2026-10-01
52 week range9,600.00 - 17,505.00
Market cap₹81,051 Cr.
P/E43.2
Nifty 200Nifty 500Nifty Midcap 50Nifty Midcap 100Midcap 150Nifty Midcap SelectNifty Consumer DurablesNifty India Consumption No price band Delivery 34.8%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales4,9434,8184,6586,58011,53410,45410,29312,83614,85510,67210,51115,548
Expenses4,7444,6344,4766,33211,10810,0639,85012,35314,29410,25710,10215,085
Operating Profit199184182248426391443482561414408463
OPM %4.0%3.8%3.9%3.8%3.7%3.7%4.3%3.8%3.8%3.9%3.9%3.0%
Other Income34191620610265849713990537
Interest172221293841463338432424
Depreciation36415155667586939699105107
Profit before tax149126130180529285576366924412370869
Tax %24%23%25%22%22%24%19%23%19%22%19%17%
Net Profit1139797140412216465280746321298718
EPS in Rs18.0216.1215.9122.3465.1528.5066.5437.20110.7247.3442.17108.60
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales1,3892,4572,8422,9844,4006,44810,69712,19217,69138,86048,87351,585
Expenses1,3402,3652,7292,8484,1726,15610,31311,67316,98637,34547,00049,738
Operating Profit49921131362282923845197051,5151,8731,847
OPM %3.5%3.7%4.0%4.6%5%4.5%3.6%4.3%4.0%3.9%3.8%3.6%
Other Income231465144324977311,263
Interest131613263933496481162141129
Depreciation8111522374484115162281393407
Profit before tax516688941572172553454941,5702,0712,574
Tax %16%28%31%32%23%26%25%26%24%21%21%
Net Profit434861631201601902553751,2331,6442,082
EPS in Rs27.468.6610.7611.1920.8127.2832.0542.9061.47181.87236.61308.83
Dividend Payout %9%14%4%4%4%4%6%7%8%4%4%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth43%50%59%14%
Compounded Profit Growth35%35%41%119%
Stock Price CAGR%22%36%-19%
Return on Equity22%22%22%19%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital3311111112121212121212
Reserves821201863043675307269851,2731,6832,9984,665
Borrowings8280434514187295667453489671994
Other Liabilities1572155496069711,0691,8142,6132,9414,80613,07713,481
Total Liabilities3244177899661,4911,6972,8464,2774,6796,99016,75819,152
Fixed Assets971241371792414145501,0031,2441,9962,7744,172
CWIP002161910722212068257571
Investments60011809514144205361,007
Other Assets2212946507591,2241,2732,1283,1113,2724,90513,19113,403
Total Assets3244177899661,4911,6972,8464,2774,6796,99016,75819,152
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity44425368-32371702737265841,1501,782
Cash from Investing Activity-22-22-43-100-64-99-265-464-356-531-1,093-1,138
Cash from Financing Activity-22-20-84269-5763304-330-70-27-108
Net Cash Flow-01110281-3211341-1730537
Free Cash Flow231615-5-821292-14527616254724
CFO/OP152%103%74%78%11%123%77%85%156%100%94%117%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days172342386343624651486549
Inventory Days384147475747474332394131
Days Payable465684751038910886819211186
Cash Conversion Cycle98510171132-6-5-7
Working Capital Days1687812993-2-22-3
ROCE %16%29%37%34%27%34%30%23%24%29%40%29%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters33.80%33.63%33.44%33.24%32.89%32.42%32.27%28.95%28.92%28.83%28.69%28.55%
FIIs15.66%17.41%17.85%19.33%22.69%23.22%21.81%20.55%20.69%18.68%18.30%17.87%
DIIs27.44%26.39%27.01%26.08%23.14%22.61%23.07%26.68%28.93%29.06%28.14%28.38%
Public23.11%22.58%21.71%21.34%21.27%21.73%22.86%23.81%21.45%23.43%24.87%25.20%
No. of Shareholders2,85,5662,67,5362,52,8432,67,3142,85,3633,20,1933,75,6304,08,3693,41,1624,05,0754,70,3264,70,189

Fundamentals

Market Cap₹ 81,051 Cr.
Current Price₹ 13,250
Stock P/E43.2
Book Value₹ 769
ROCE29.2 %
ROE18.9 %
Dividend Yield0.08 %
Face Value₹ 2.00
Compounded Sales Growth (TTM)14%
Compounded Profit Growth (TTM)119%
Consolidated figures.
Valuation
Market capRs 77,218 Cr
Enterprise valueRs 77,272 Cr
P/E (TTM)41.14x
Price to book16.51x
Price to sales1.50x
EV / EBITDA24.84x
EV / EBIT28.59x
EV / sales1.50x
Price to cash flow43.33x
Earnings yield2.43%
Dividend yield0.08%
P/E, 3-year average78.34x
P/B, 3-year average21.78x
P/E, 5-year average87.23x
P/B, 5-year average20.85x
Profitability
Operating margin (excl. other income)3.83%
Operating margin (incl. other income)5.33%
EBITDA margin6.03%
Pre-tax margin4.99%
Net profit margin3.64%
Net margin, latest quarter4.27%
ROE37.43%
ROCE47.29%
ROA8.01%
ROE, 3-year average36.23%
ROCE, 3-year average45.21%
ROA, 3-year average7.85%
ROE, 5-year average30.60%
ROCE, 5-year average36.45%
ROA, 5-year average6.92%
ROIC (approx.)45.38%
Tax rate20.59%
Other income / net worth15.64%
Growth
Sales growth (latest year)25.77%
Profit growth (latest year)31.32%
Sales CAGR, 3 years58.85%
Sales CAGR, 5 years49.94%
Profit CAGR, 3 years77.90%
Profit CAGR, 5 years55.19%
Sales growth QoQ47.92%
Profit growth QoQ158.73%
Sales growth YoY (latest quarter)21.13%
Profit growth YoY (latest quarter)194.89%
Per share
EPS (TTM)Rs 308.72
EPS (latest year)Rs 236.61
EPS (latest quarter)Rs 109.11
EPS, 3-year averageRs 159.99
EPS, 5-year averageRs 110.98
Book value per shareRs 769.17
Sales per shareRs 8,484.08
Cash flow per shareRs 293.13
Free cash flow per shareRs 119.08
Dividend per share (latest year)Rs 10.00
Dividend per share, 3-year averageRs 7.67
Dividend per share, 5-year averageRs 5.60
Dividends
Dividend payout4.23%
Dividend payout, 3-year average5.59%
Dividend payout, 5-year average6.00%
Efficiency
Asset turnover2.55x
Fixed asset turnover11.72x
Inventory turnover12.00x
Inventory days30 days
Debtor days49 days
Debtors turnover7.48x
Creditor days86 days
Cash conversion cycle-7 days
Working capital days-3 days
Leverage
Total debtRs 994 Cr
Cash and bankRs 941 Cr
Net debtRs 53 Cr
Debt to equity0.21x
Net debt / EBITDA0.02x
Interest coverage20.95x
Current ratio (filing 2026-03-31)1.06x
Quick ratio (filing 2026-03-31)0.76x
Trade payables (filing 2026-03-31)Rs 10,722 Cr
Owners' fund to total sources24.42%
Debt to assets5.19%
Cash flow
Cash from Operating Activity (latest year)Rs 1,782 Cr
Cash from Investing Activity (latest year)Rs -1,138 Cr
Cash from Financing Activity (latest year)Rs -108 Cr
Net Cash Flow (latest year)Rs 537 Cr
Free cash flow (latest year)Rs 724 Cr
FCFE (approx.: FCF + change in debt)Rs 1,047 Cr
Cash from ops / profit, 5 years1.22x
Sales to cash flow27.42x
Statement figures
Net sales (TTM)Rs 51,585 Cr
Net sales (latest year)Rs 48,873 Cr
Sales (latest quarter)Rs 15,548 Cr
Operating profit excl. other income (latest year)Rs 1,873 Cr
Operating profit (latest quarter)Rs 463 Cr
Other income (TTM)Rs 1,263 Cr
EBITDA (TTM)Rs 3,110 Cr
PBDT (TTM)Rs 2,981 Cr
Profit before tax (TTM)Rs 2,574 Cr
Tax (latest year)Rs 426 Cr
Net profit (TTM)Rs 1,877 Cr
Net profit (latest year)Rs 1,439 Cr
Net profit (latest quarter)Rs 663 Cr
Depreciation (TTM)Rs 407 Cr
Depreciation (latest quarter)Rs 107 Cr
Interest (TTM)Rs 129 Cr
Cost of goods sold (latest year)Rs 46,044 Cr
Total expenditure (latest year)Rs 47,000 Cr
Total income (latest year)Rs 49,604 Cr
Share capitalRs 12 Cr
ReservesRs 4,665 Cr
Shareholders' fundsRs 4,677 Cr
Total assetsRs 19,152 Cr
Net blockRs 4,172 Cr
Capital work in progressRs 571 Cr
InvestmentsRs 1,007 Cr
ReceivablesRs 6,530 Cr
InventoryRs 3,837 Cr
Other liabilitiesRs 13,481 Cr
Shares outstanding (crore)6.08
Ownership
Promoter holding28.55% (-0.40 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 41.1 is at the 4th percentile of its own 9.2-year range (median 93.2, low 37.1, high 296.6).
P/B 16.51 is at the 25th percentile (median 23.28).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodDIXONNifty 50Difference
1 week-4.5%-2.8% -1.7 pts
1 month-12.2%-6.8% -5.4 pts
3 months+2.0%-7.6% +9.6 pts
6 months+31.3%+0.4% +30.9 pts
1 year-30.2%-9.9% -20.3 pts
2 years-10.9%-13.6% +2.7 pts
3 years+140.1%+14.2% +125.9 pts
5 years+162.1%+27.9% +134.3 pts
302 mutual fund schemes hold about ₹18,148 Cr. Over three months 223 bought more and 59 sold (share counts, price move removed).
FundWeightEst. Cr3m shares
Kotak Mid Cap Fund2.12%1,507 -0%
Motilal Oswal Midcap Fund3.44%1,474 +4%
UTI Flexi Cap Fund3.73%900 +19%
HDFC Mid Cap Fund0.70%764 +14%
Canara Rob Large and Mid Cap Fund2.77%729 +30%
Nippon India Growth Mid Cap Fund1.19%624 +7%
Nippon India Large Cap Fund1.14%615 +44%
Mirae Asset Midcap Fund2.82%589 +33%
Mirae Asset Large & Midcap Fund1.26%576 +36%
Nippon India Multi Cap Fund1.00%564 -0%
Nippon India Small Cap Fund0.67%550 +16%
Axis Midcap Fund1.52%524 +100%
DSP Midcap Fund1.96%411 +17%
HDFC Flexi Cap Fund0.32%358 +4%
Edelweiss Mid Cap Fund1.50%299 +115%
Nippon India Vision Large & Mid Cap Fund3.76%297 +54%
Invesco India Focused Fund4.29%277 +8%
Invesco India Midcap Fund1.45%231 +6%
Franklin India Mid Cap Fund1.66%216 +26%
HDFC Manufacturing Fund2.00%212 +17%
Sundaram Mid Cap Fund1.30%193 +15%
Tata Digital India Fund1.86%191 +9%
Sundaram Mid Cap Fund1.30%188 +15%
Aditya Birla SL ELSS Tax Saver Fund1.25%181 +22%
Franklin India Multi Cap Fund3.35%176 +111%

Red flags

F-score 6 of 8
No red flags in the latest statements and filings.
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Insider trades

NSE insider and takeover-code disclosures
DateWhoRoleSideSharesValueHow
2023-11-21KSV FAMILY TRUST UNDER THE TRUSTEEPromoter Groupother2,362,447Rs 1289.99 CrOff Market
2023-11-21PSV FAMILY TRUST UNDER THE TRUSTEEPromoter Groupother9,449,786Rs 5159.96 CrOff Market
2021-08-13GEETA VASWANIPromoter Groupsell506Rs 0.21 CrMarket Sale
2021-08-12SAURABH GUPTAKey Managerial Personnelsell1,425Rs 0.60 CrMarket Sale
2021-08-11RAVI VACHANIPromoter Groupother850Rs 0.36 CrGift
2021-08-11KAMAL VACHANIPromoter Groupother850Rs 0.36 CrGift
2021-08-11SUNIL VACHANIPromotersother1,700Rs 0.71 CrGift
2021-08-10GEETA VASWANIPromoter Groupsell1,000Rs 0.44 CrMarket Sale
2021-08-02GEETA VASWANIPromoter Groupsell1,000Rs 0.43 CrMarket Sale
2021-06-30SAURABH GUPTAKey Managerial Personnelsell3,725Rs 1.66 CrMarket Sale
2021-06-30LALIT KUMAR SHUKLAEmployees/Designated Employesell300Rs 0.13 CrMarket Sale
2021-06-30GEETA VASWANIPromoter Groupsell157Rs 0.07 CrMarket Sale
Latest disclosed trades by insiders, promoters and large holders. Grants, option exercises and pledges show as "other". A filing is a fact, not a signal on its own.

Latest quarter

Jun 2026
Sales ₹15,548 Cr +21.1% vs Jun 2025. Net profit ₹718 Cr +156.4%.

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2026-09-21Dividend - Rs 10 Per Share
2025-09-16Dividend - Rs 8 Per Share
2024-09-17Annual General Meeting/Dividend - Rs 5 Per Share
2023-09-22Annual General Meeting/Dividend - Rs 3 Per Share
2022-08-11Annual General Meeting/Dividend - Rs 2 Per Share
2021-09-20 Annual General Meeting/Dividend - Re 1 Per Share
2021-03-18 Face Value Split (Sub-Division) - From Rs 10/- Per Share To Rs 2/- Per Share0.2000
2020-09-21 Annual General Meeting
2020-03-24 Interim Dividend - Rs 4 Per Share
2019-07-23 Annual General Meeting/Dividend - Rs 2 Per Share
2018-07-17 Annual General Meeting/Dividend- Rs 2 Per Share
DateTypeWhat it says
2026-10-01Concall / analyst meetOutcome of Analyst/ Institutional Investors Meet
2026-09-30General UpdatesExecution of Intellectual Property License Agreement between Dixon Electro Appliances Private Limited, a Subsidiary / Joint Venture of Dixon Technolo...
2026-09-29Change in ManagementChange in Management
2026-09-29Shareholder meetingVoting results.
2026-09-28Shareholder meetingProceeding of 33rd AGM of Dixon Technologies (India) Limited held on 28th September, 2026.
2026-09-24Concall / analyst meetOutcome of Analyst/ Institutional Investors Meet
2026-09-23Concall / analyst meetOutcome of Analyst/ Institutional Investors Meet
2026-09-22Concall / analyst meetOutcome of Analyst/ Institutional Investors Meet
2026-09-21AcquisitionAcquisition
2026-09-18Concall / analyst meetOutcome of Analyst/ Institutional Investors Meet
2026-09-18Concall / analyst meetOutcome of Analyst/ Institutional Investors Meet
2026-09-18General UpdatesESG Rating assigned by Niche Ninety Nine Capability and Certifications (OPC) Private Limited
2026-09-18Concall / analyst meetOutcome of Analyst/ Institutional Investors Meet
2026-09-17Concall / analyst meetOutcome of Analyst/ Institutional Investors Meet
2026-09-15Concall / analyst meetOutcome of Analyst/ Institutional Investors Meet
2026-09-11Concall / analyst meetOutcome of Analyst/ Institutional Investors Meet
2026-09-09Concall / analyst meetSchedule of meet
2026-09-09Concall / analyst meetOutcome of Analyst/ Institutional Investors Meet
2026-09-03General UpdatesBusiness Responsibility and Sustainability Report - FY 2025-26
2026-09-03Record DateRecord date for the purpose of Dividend is 21-Sep-2026.
2026-09-03Shareholder meetingShareholder Meeting- 33rd Annual General Meeting of Dixon Technologies (India) Limited on 28th September, 2026
2026-09-02ESOPAllotment of 28455 Shares.
2026-09-02Concall / analyst meetOutcome of Analyst or Institutional Investor Meet
2026-09-01Concall / analyst meetOutcome of Analyst or Institutional Investor Meet
2026-08-31General UpdatesIntimation with regard to 33rd Annual General Meeting of Dixon Technologies (India) Limited, Closure ofRegister of Members & Share Transfer books, E-V...
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
Put / call open interest0.72
Max pain (expiry 2026-10-27)13,000
Largest call open interest at13,500
Largest put open interest at13,000
Implied volatility, at the money35.6%
Underlying at snapshot12,700.00
Open interest by strike around the price, nearest expiry. End-of-day NSE snapshot, 01-Oct-2026 15:40:00. Max pain is the strike where option buyers together would lose the most at expiry.
Trade dateShares sold short
2026-09-301,050
2026-09-29343
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.

Quick answers

What is the market cap of Dixon Technologies (India) Ltd?

Dixon Technologies (India) Ltd (DIXON) has a market capitalisation of Rs 81,051 Cr. at the 2026-10-01 close.

What is the P/E ratio of Dixon Technologies (India) Ltd?

Dixon Technologies (India) Ltd trades at a P/E of 43.2 on trailing twelve-month profit, at the 2026-10-01 close.

What were Dixon Technologies (India) Ltd's latest quarterly results?

In the Jun 2026 quarter, Dixon Technologies (India) Ltd sales was Rs 15,548 Cr (+21.1% vs Jun 2025) and net profit was Rs 718 Cr.

What is the 52-week high and low of Dixon Technologies (India) Ltd?

The 52-week high is Rs 17,505.00 and the 52-week low is Rs 9,600.00.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03