DIXON

Dixon Technologies (India) Limited

India's largest home-grown electronics contract manufacturer — phones, telecom gear, appliances

Consumer Discretionary›Consumer Durables›Consumer Durables›Consumer Electronics

dixoninfo.com(opens the company website in a new tab)
Ask AI

Key metrics

Price as of 2026-10-16

Stock price
₹12340.00
Market cap
75,397 Cr
Stock P/E
40.2
P/B
16.04
Dividend yield
0.2%
ROE (FY26)
26.7%
ROCE (FY26)
37.7%
Operating margin (FY26)
3.0%
Debt / equity (FY26)
0.10
OCF / EBITDA (FY26)
95.5%
OCF / EBITDA (3Y)
86.4%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

Loading price history…

Compare with peers

Loading peers…

What you need to know

Dixon (Dixon Technologies) is an Indian contract electronics manufacturer that makes smartphones, LED televisions, refrigerators, washing machines and lighting for brand customers.

Company snapshot

1stBy market cap

Ranked among 11 companies in Consumer Electronics.

Segment mix

Reportable segments as of 2019-06-30 (Consolidated). Revenue share = segment revenue ÷ total revenue.

Largest segment: 78.8% of revenue

SegmentRevenue shareRevenuePBTAssets
Mobiles
12.6%
144 Cr3 Cr620 Cr
Moulding
4.0%
46 Cr6 Cr44 Cr
Other Electronics
78.8%
904 Cr45 Cr1,093 Cr
Washing Machine
8.6%
98 Cr2 Cr124 Cr

Shares add up to 104% because segment revenues are before inter-segment eliminations.

What we see

Positives
  • ✓86% of operating profit came in as cash over the last three years — profits are backed by real cash.
3 more signals from the filings.Sign in free to see them all

Statement tables · Consolidated

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales4,943 Cr4,818 Cr4,658 Cr6,580 Cr11,534 Cr10,454 Cr10,293 Cr12,836 Cr14,855 Cr10,672 Cr10,511 Cr15,548 Cr
Operating expenses (approx.)4,744 Cr4,634 Cr4,476 Cr6,332 Cr11,108 Cr10,063 Cr9,850 Cr12,353 Cr14,294 Cr10,257 Cr10,102 Cr15,085 Cr
EBITDA199 Cr184 Cr182 Cr248 Cr426 Cr391 Cr443 Cr482 Cr561 Cr414 Cr408 Cr463 Cr
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 income0.72 Cr2 Cr17 Cr8 Cr-6 Cr7 Cr11 Cr2 Cr496 Cr131 Cr84 Cr528 Cr
Interest17 Cr22 Cr21 Cr29 Cr38 Cr41 Cr46 Cr33 Cr38 Cr43 Cr24 Cr24 Cr
Depreciation36 Cr41 Cr51 Cr55 Cr66 Cr75 Cr86 Cr93 Cr96 Cr99 Cr105 Cr107 Cr
Profit before tax149 Cr126 Cr130 Cr180 Cr529 Cr285 Cr576 Cr366 Cr924 Cr412 Cr370 Cr869 Cr
Tax %23.7%22.8%24.9%22.3%22.2%24.2%19.3%23.4%19.3%22.1%19.4%17.4%
Net profit113 Cr97 Cr97 Cr140 Cr412 Cr216 Cr465 Cr280 Cr746 Cr321 Cr298 Cr718 Cr
EPS (₹)₹19.04₹16.29₹16.31₹23.35₹68.82₹36.12₹77.59₹46.47₹123.60₹53.06₹49.22₹118.00

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales2,499 Cr2,853 Cr2,984 Cr4,400 Cr6,448 Cr10,697 Cr12,192 Cr17,691 Cr38,860 Cr48,873 CrSign in free for the trailing twelve months
Operating expenses (approx.)2,407 Cr2,741 Cr2,850 Cr4,177 Cr6,162 Cr10,318 Cr11,679 Cr16,993 Cr37,353 Cr47,006 CrSign in free for the trailing twelve months
EBITDA91 Cr113 Cr135 Cr223 Cr287 Cr379 Cr513 Cr698 Cr1,508 Cr1,867 CrSign in free for the trailing twelve months
OPM %3.7%3.9%4.5%5.1%4.4%3.5%4.2%3.9%3.9%3.8%Sign in free for the trailing twelve months
Other income1 Cr4 Cr6 Cr5 Cr2 Cr4 Cr6 Cr23 Cr20 Cr713 CrSign in free for the trailing twelve months
Interest16 Cr13 Cr25 Cr35 Cr27 Cr44 Cr61 Cr75 Cr154 Cr137 CrSign in free for the trailing twelve months
Depreciation11 Cr15 Cr22 Cr37 Cr44 Cr84 Cr115 Cr162 Cr281 Cr393 CrSign in free for the trailing twelve months
Profit before tax66 Cr88 Cr94 Cr157 Cr217 Cr255 Cr345 Cr494 Cr1,570 Cr2,071 CrSign in free for the trailing twelve months
Tax %28.3%31.0%32.5%23.1%26.4%25.3%26.0%24.1%21.5%20.6%Sign in free for the trailing twelve months
Net profit48 Cr61 Cr63 Cr121 Cr160 Cr190 Cr255 Cr375 Cr1,233 Cr1,644 CrSign in free for the trailing twelve months
EPS (₹)₹46.13₹54.51₹55.95₹105.54₹27.49₹32.31₹42.92₹62.84₹205.70₹271.59Sign in free for the trailing twelve months
Dividend payout %————0.0%3.1%4.7%4.8%2.7%7.2%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital11 Cr11 Cr11 Cr12 Cr12 Cr12 Cr12 Cr12 Cr12 Cr12 Cr
Reserves186 Cr304 Cr367 Cr530 Cr726 Cr985 Cr1,273 Cr1,683 Cr2,998 Cr4,665 Cr
Borrowings43 Cr41 Cr136 Cr83 Cr151 Cr458 Cr183 Cr155 Cr202 Cr468 Cr
Other liabilities549 Cr630 Cr978 Cr1,073 Cr1,957 Cr2,822 Cr3,212 Cr5,114 Cr13,095 Cr13,307 Cr
Total liabilities789 Cr986 Cr1,492 Cr1,697 Cr2,846 Cr4,277 Cr4,679 Cr6,991 Cr16,767 Cr19,162 Cr
Fixed assets (net)136 Cr179 Cr236 Cr311 Cr406 Cr758 Cr942 Cr1,637 Cr2,109 Cr2,720 Cr
CWIP2 Cr13 Cr19 Cr10 Cr72 Cr22 Cr120 Cr64 Cr256 Cr571 Cr
Investments—11 Cr8 Cr0 Cr95 Cr141 Cr44 Cr20 Cr536 Cr1,007 Cr
Loans & advances——0 Cr0 Cr3 Cr0.44 Cr0 Cr2 Cr0 Cr0 Cr
Inventories282 Cr322 Cr408 Cr498 Cr743 Cr1,156 Cr958 Cr1,695 Cr3,992 Cr3,837 Cr
Trade receivables280 Cr296 Cr517 Cr515 Cr1,089 Cr1,356 Cr1,715 Cr2,318 Cr6,965 Cr6,530 Cr
Cash & bank3 Cr13 Cr14 Cr96 Cr64 Cr176 Cr217 Cr200 Cr231 Cr767 Cr
Other assets85 Cr152 Cr290 Cr268 Cr373 Cr667 Cr683 Cr1,055 Cr2,677 Cr3,730 Cr
Total assets789 Cr986 Cr1,492 Cr1,697 Cr2,846 Cr4,277 Cr4,679 Cr6,991 Cr16,767 Cr19,162 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity53 Cr68 Cr-3 Cr237 Cr170 Cr273 Cr726 Cr584 Cr1,150 Cr1,782 Cr
Cash from investing-43 Cr-100 Cr-64 Cr-99 Cr-265 Cr-464 Cr-356 Cr-531 Cr-1,229 Cr-1,251 Cr
Cash from financing-8 Cr42 Cr69 Cr-57 Cr63 Cr304 Cr-330 Cr-70 Cr-27 Cr-108 Cr
Net cash flow1 Cr10 Cr2 Cr81 Cr-32 Cr113 Cr41 Cr-17 Cr95 Cr654 Cr
Free cash flow (OCF − Capex)14 Cr-8 Cr-84 Cr128 Cr2 Cr-148 Cr265 Cr-0.12 Cr210 Cr715 Cr

Ratios

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %34.1%28.6%23.1%30.7%27.5%20.5%27.6%30.3%47.0%37.7%
ROE %24.1%19.3%16.7%22.3%21.7%19.1%19.9%21.4%31.6%26.7%
Debtor days41386343614651486549
Inventory days47475746474332384031
Days payable83741048810885819211086
Cash conversion cycle410172042-6-4-6
OCF / EBITDA %58.0%60.4%-2.3%106.4%59.4%71.9%141.5%83.8%76.3%95.5%
OCF / EBITDA % (3 years)——34.8%64.2%62.7%76.5%99.2%99.6%90.5%86.4%
Debt / equity0.220.130.360.150.210.460.140.090.070.10
Current ratio1.101.181.151.211.171.151.071.021.041.06
Net debt / EBITDA0.44—0.90-0.060.310.74-0.07-0.07-0.02-0.16