Dixon Technologies
Dixon Technologies Share Price Chart
Dixon Technologies last traded at ₹12,651.00 (2026-10-13). Over the past month the stock moved -5.6%, three months the stock moved +8.4%, year the stock moved -30.4%. Its closing range over 52 weeks is ₹9,920.50 – ₹16,700.00, with the latest close 24.2% below the high.
Closing prices up to 2026-10-13.
About Dixon Technologies
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]
Business Segments:[1] a) Mobile & EMS Division (90% in FY26 vs 85% in FY25):[2][3][4] The company has emerged as the fastest-growing EMS company by revenue and market capitalisation. It manufactures feature phones, smartphones, IT hardware, Telecom, hearables & wearables. Its key client in this segment includes Samsung. b) Consumer Electronics & Appliances (6% in FY26 vs 9% in FY25):[5][5][4] The company offers LED TVs (32-98 inches), Smart TVs, Monitors, IFPD Commercial displays, Digital signage PCB & LCM panel assembly, and LED Bar Injection moulding. It is the largest Original Design Manufacturing (OEM & ODM) company in India, and has a 37% share in outsourced manufacturing. Its clients include Xiaomi, Samsung, Hisense, Panasonic, Acer, Toshiba, BPL, Lloyd, VU, Motorola, etc. c) Home Appliances (3% in FY26 vs 4% in FY25):[6] [4] The company is an ODM/OEM in India, manufacturing Semi-Automatic Washing Machines (SAWM) and Fully Automatic Top Load (FATL) models for both domestic and global markets, holding about 35% market share in SAWM and around 15% in the FATL segment. It offers a product range of 175+ SAWM models and 20+ FATL models. Its clientele includes Bosch, Godrej, Voltas -Beko, BPL, Sharp, Onida, Reliance, Flipkart, Croma, and Lloyd, etc. d) Lighting Products (1% in FY26 vs 2% in FY25): The company offers a range of LED products, including lamps, battens, panels, strip and rope lights, downlighters, street and flood lights, and smart lighting solutions, with 2,000+ variants across consumer and professional lighting categories. It is also among the largest ODM players in this space, holding around 25% market share in consumer lighting manufacturing. Its Clients include Signify, Wipro, RR Kabel, Crompton, Havells, Orient, Bajaj and Eveready.
Fundamentals
Quarterly Results
In the latest quarter (Jun 2026), Dixon Technologies reported sales of ₹15,548.00 crore (+21.1%) and net profit of ₹718.00 crore (+156.4%), compared with the same quarter last year.
| Period | Sales | Operating profit | OPM % | Net profit | EPS (₹) |
|---|---|---|---|---|---|
| Jun 2026 | 15,548 | 463.00 | 3.00 | 718.00 | 108.60 |
| Mar 2026 | 10,511 | 408.00 | 3.90 | 298.00 | 42.17 |
| Dec 2025 | 10,672 | 414.00 | 3.90 | 321.00 | 47.34 |
| Sep 2025 | 14,855 | 561.00 | 3.80 | 746.00 | 110.72 |
| Jun 2025 | 12,836 | 482.00 | 3.80 | 280.00 | 37.20 |
| Mar 2025 | 10,293 | 443.00 | 4.30 | 465.00 | 66.54 |
| Dec 2024 | 10,454 | 391.00 | 3.70 | 216.00 | 28.50 |
| Sep 2024 | 11,534 | 426.00 | 3.70 | 412.00 | 65.15 |
| Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|
| Sales growth | +133.3% | +117.0% | +121.0% | +95.1% | +28.8% | +2.1% | +2.1% | +21.1% |
| Operating profit growth | +114.1% | +112.5% | +143.4% | +94.4% | +31.7% | +5.9% | -7.9% | -3.9% |
| Net profit growth | +264.6% | +122.7% | +379.4% | +100.0% | +81.1% | +48.6% | -35.9% | +156.4% |
| EPS growth | +261.5% | +76.8% | +318.2% | +66.5% | +69.9% | +66.1% | -36.6% | +191.9% |
| OPM % | 3.7% | 3.7% | 4.3% | 3.8% | 3.8% | 3.9% | 3.9% | 3.0% |
Colour scale: below -5% -5% to 0% 0% to 5% 5% to 20% 20% and above. A dash means the earlier figure was zero or negative, so a percentage is not meaningful.
Annual Financials
In the latest year (Mar 2026), Dixon Technologies reported sales of ₹48,873.00 crore (+25.8%) and net profit of ₹1,644.00 crore (+33.3%), compared with the previous year.
| Period | Sales | Operating profit | OPM % | Net profit | EPS (₹) |
|---|---|---|---|---|---|
| Mar 2026 | 48,873 | 1,867 | 4.00 | 1,644 | 236.61 |
| Mar 2025 | 38,860 | 1,508 | 4.00 | 1,233 | 181.87 |
| Mar 2024 | 17,691 | 705.00 | 4.00 | 375.00 | 61.47 |
| Mar 2023 | 12,192 | 519.00 | 4.00 | 255.00 | 42.90 |
| Mar 2022 | 10,697 | 384.00 | 4.00 | 190.00 | 32.05 |
| Mar 2021 | 6,448 | 292.00 | 5.00 | 160.00 | 27.28 |
| Mar 2020 | 4,400 | 228.00 | 5.00 | 120.00 | 20.81 |
| Mar 2019 | 2,984 | 136.00 | 5.00 | 63.00 | 11.19 |
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Sales growth | +5.0% | +47.5% | +46.5% | +65.9% | +14.0% | +45.1% | +119.7% | +25.8% |
| Operating profit growth | +20.4% | +67.6% | +28.1% | +31.5% | +35.2% | +35.8% | +113.9% | +23.8% |
| Net profit growth | +3.3% | +90.5% | +33.3% | +18.8% | +34.2% | +47.1% | +228.8% | +33.3% |
| EPS growth | +4.0% | +86.0% | +31.1% | +17.5% | +33.9% | +43.3% | +195.9% | +30.1% |
| OPM % | 5.0% | 5.0% | 5.0% | 4.0% | 4.0% | 4.0% | 4.0% | 4.0% |
Colour scale: below -5% -5% to 0% 0% to 5% 5% to 20% 20% and above. A dash means the earlier figure was zero or negative, so a percentage is not meaningful.
Shareholding
AI Analysis
Dixon Technologies is trading at ₹11,494, up 2.4% today and 19.6% over 12 months, but 37.8% below its 52-week high of ₹18,471. The stock shows mixed fundamentals: strong ROE of 35.2% and exceptional ROCE of 42% indicate capital-efficient operations, but quarterly earnings have deteriorated sharply (Q4 FY26 net profit of ₹298 Cr vs ₹746 Cr in Q2), with OPM compressed at 4% and NPM volatile (2.2%–5.0%). Technical momentum is neutral (RSI 65, Tech Score 51.7), and valuation appears stretched at P/E 48.7x vs industry 80.7x, though this reflects low earnings base post-correction.
- Exceptional ROCE of 42% (Mar 2026) and ROE of 35.2% demonstrate superior capital efficiency and competitive moat in contract electronics manufacturing
- Strong cash flow generation (OCF ₹1,782 Cr in FY26, up 55% YoY) with positive free cash flow (₹424 Cr) supports dividend sustainability and capex for growth
- Low leverage (D/E 0.21, stable vs 0.22 prior year) and healthy balance sheet with Equity+Reserves growing from ₹3,010 Cr to ₹4,677 Cr provide financial flexibility
- Quarterly earnings volatility and margin compression risk: Q4 FY26 net profit collapsed 36% to ₹298 Cr from Q2 peak of ₹746 Cr; OPM stuck at 4% signals structural headwinds or cyclical customer demand weakness in phone/consumer electronics segments
- Valuation remains stretched on normalized earnings basis (P/E 48.7x on ₹235.51 EPS which includes one-time items; normalized P/E likely 38–42x); downside risk to ₹10,500–₹11,000 if Q1 FY27 results disappoint or Vivo JV approval is delayed indefinitely
AI-generated analysis for informational purposes only — not SEBI-registered investment advice.
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Frequently Asked Questions
What is Dixon Technologies's current stock price?
Dixon Technologies shares were last quoted at ₹12,651.00 (-1.0% on the day). Use the Refresh price button on this page for the latest available price. Prices are for information only.
What is the P/E ratio of Dixon Technologies?
Dixon Technologies has a price-to-earnings (P/E) ratio of 44.43 and a price-to-book (P/B) ratio of 15.49. The industry P/E is 93.51.
What is the 52-week high and low of Dixon Technologies?
The 52-week high of Dixon Technologies is ₹17,640.00 and the 52-week low is ₹9,605.05.
What is the market cap of Dixon Technologies?
The market capitalisation of Dixon Technologies is about ₹83,406.09 crore.
How did Dixon Technologies perform in its latest quarterly results?
In the latest quarter (Jun 2026), Dixon Technologies reported sales of ₹15,548.00 crore (+21.1%) and net profit of ₹718.00 crore (+156.4%), compared with the same quarter last year.
Is Dixon Technologies a good stock to buy?
This page is for information and is not investment advice. As per the data shown here, Dixon Technologies has a 3-year ROE of 34.00%, 3-year profit growth of 77.00%. Review the fundamentals, quarterly results and AI analysis on StockSpin, and consult a SEBI-registered adviser before investing.
What is the promoter holding in Dixon Technologies?
Promoters hold about 28.55% of Dixon Technologies.
Which sector does Dixon Technologies belong to?
Dixon Technologies belongs to the Electronic Goods sector.