Reported Earnings • May 13
Full year 2026 earnings: EPS exceeds analyst expectations Full year 2026 results: EPS: ₹272 (up from ₹183 in FY 2025). Revenue: ₹495.9b (up 28% from FY 2025). Net income: ₹14.4b (up 31% from FY 2025). Profit margin: 2.9% (up from 2.8% in FY 2025). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 52%. Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Consumer Durables industry in India. Over the last 3 years on average, earnings per share has increased by 65% per year but the company’s share price has only increased by 55% per year, which means it is significantly lagging earnings growth. Annuncio • May 05
Dixon Technologies (India) Limited to Report Q4, 2026 Results on May 12, 2026 Dixon Technologies (India) Limited announced that they will report Q4, 2026 results on May 12, 2026 Buy Or Sell Opportunity • Apr 28
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 11% to ₹11,362. The fair value is estimated to be ₹9,465, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 53% over the last 3 years. Earnings per share has grown by 68%. For the next 3 years, revenue is forecast to grow by 19% per annum. Earnings are also forecast to grow by 8.6% per annum over the same time period. Buy Or Sell Opportunity • Mar 10
Now 31% overvalued Over the last 90 days, the stock has fallen 12% to ₹10,918. The fair value is estimated to be ₹8,341, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 53% over the last 3 years. Earnings per share has grown by 68%. For the next 3 years, revenue is forecast to grow by 21% per annum. Earnings are also forecast to grow by 10% per annum over the same time period. Price Target Changed • Jan 31
Price target decreased by 11% to ₹14,169 Down from ₹15,958, the current price target is an average from 30 analysts. New target price is 36% above last closing price of ₹10,445. Stock is down 29% over the past year. The company is forecast to post earnings per share of ₹191 for next year compared to ₹183 last year. Reported Earnings • Jan 30
Third quarter 2026 earnings: EPS exceeds analyst expectations while revenues lag behind Third quarter 2026 results: EPS: ₹53.06 (up from ₹36.12 in 3Q 2025). Revenue: ₹106.7b (up 2.1% from 3Q 2025). Net income: ₹2.87b (up 68% from 3Q 2025). Profit margin: 2.7% (up from 1.6% in 3Q 2025). Revenue missed analyst estimates by 5.1%. Earnings per share (EPS) exceeded analyst estimates by 92%. Revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Consumer Durables industry in India. Over the last 3 years on average, earnings per share has increased by 68% per year but the company’s share price has only increased by 56% per year, which means it is significantly lagging earnings growth. Annuncio • Jan 23
Dixon Technologies (India) Limited to Report Q3, 2026 Results on Jan 29, 2026 Dixon Technologies (India) Limited announced that they will report Q3, 2026 results on Jan 29, 2026 Reported Earnings • Oct 19
Second quarter 2026 earnings: EPS and revenues exceed analyst expectations Second quarter 2026 results: EPS: ₹124 (up from ₹68.82 in 2Q 2025). Revenue: ₹153.5b (up 33% from 2Q 2025). Net income: ₹6.70b (up 72% from 2Q 2025). Profit margin: 4.4% (up from 3.4% in 2Q 2025). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 2.0%. Earnings per share (EPS) also surpassed analyst estimates by 162%. Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Consumer Durables industry in India. Over the last 3 years on average, earnings per share has increased by 69% per year but the company’s share price has only increased by 57% per year, which means it is significantly lagging earnings growth. Annuncio • Oct 10
Dixon Technologies (India) Limited to Report Q2, 2026 Results on Oct 17, 2025 Dixon Technologies (India) Limited announced that they will report Q2, 2026 results on Oct 17, 2025 Annuncio • Sep 01
Dixon Technologies (India) Limited, Annual General Meeting, Sep 23, 2025 Dixon Technologies (India) Limited, Annual General Meeting, Sep 23, 2025, at 11:00 Indian Standard Time. Declared Dividend • Aug 31
Dividend increased to ₹8.00 Dividend of ₹8.00 is 60% higher than last year. Ex-date: 16th September 2025 Payment date: 23rd October 2025 Dividend yield will be 0.05%, which is lower than the industry average of 0.5%. Payout Ratios Payout ratio: 4%. Cash payout ratio: 23%. Reported Earnings • Jul 23
First quarter 2026 earnings: EPS and revenues exceed analyst expectations First quarter 2026 results: EPS: ₹46.47 (up from ₹23.35 in 1Q 2025). Revenue: ₹128.4b (up 95% from 1Q 2025). Net income: ₹2.25b (up 68% from 1Q 2025). Profit margin: 1.8% (down from 2.0% in 1Q 2025). Revenue exceeded analyst estimates by 4.4%. Earnings per share (EPS) also surpassed analyst estimates by 21%. Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Consumer Durables industry in India. Over the last 3 years on average, earnings per share has increased by 67% per year whereas the company’s share price has increased by 65% per year. Annuncio • Jul 16
Dixon Technologies (India) Limited (NSEI:DIXON) agreed to acquire an unknown minority stake in Kunshan QTech Microelectronics India Pvt Ltd from Kunshan Q Technology International Limited and Q Technology (Singapore) Private Limited. Dixon Technologies (India) Limited (NSEI:DIXON) entered into a binding term sheet to acquire an unknown minority stake in Kunshan QTech Microelectronics India Pvt Ltd from Kunshan Q Technology International Limited and Q Technology (Singapore) Private Limited on July 15, 2025. The proposed acquisition of an aggregate 51% stake in Kunshan QTech Microelectronics India Pvt Ltd will be consummated through a combination of primary and secondary investment by Dixon Technologies (India) Limited.
The transaction is subject to approval by regulatory board / committee, definitive agreement, and completion of customary conditions precedent. Annuncio • Jul 15
Dixon Technologies (India) Limited to Report Q1, 2026 Results on Jul 22, 2025 Dixon Technologies (India) Limited announced that they will report Q1, 2026 results on Jul 22, 2025 Reported Earnings • May 21
Full year 2025 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2025 results: EPS: ₹206 (up from ₹61.64 in FY 2024). Revenue: ₹388.6b (up 120% from FY 2024). Net income: ₹11.0b (up 198% from FY 2024). Profit margin: 2.8% (up from 2.1% in FY 2024). Revenue missed analyst estimates by 2.1%. Earnings per share (EPS) exceeded analyst estimates by 42%. Revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Consumer Durables industry in India. Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has increased by 67% per year, which means it is tracking significantly ahead of earnings growth. Annuncio • May 13
Dixon Technologies (India) Limited to Report Q4, 2025 Results on May 20, 2025 Dixon Technologies (India) Limited announced that they will report Q4, 2025 results on May 20, 2025 Annuncio • Feb 24
Dixon Technologies (India) Limited Announces Cessation of Non-Executive and Independent Directors Dixon Technologies (India) Limited announced that Dr. Manuji Zarabi and Ms. Poornima Shenoy have completed their second term of 5 consecutive years as the Non-Executive and Independent Directors on 22nd February, 2025 and consequently ceased to be the Non-Executive and Independent Directors of Dixon Technologies (India) Limited ("Company") with effect from 23rd February, 2025. Price Target Changed • Jan 21
Price target increased by 8.6% to ₹16,213 Up from ₹14,934, the current price target is an average from 26 analysts. New target price is 7.1% above last closing price of ₹15,133. Stock is up 158% over the past year. The company is forecast to post earnings per share of ₹140 for next year compared to ₹61.64 last year. Reported Earnings • Jan 21
Third quarter 2025 earnings: EPS in line with analyst expectations despite revenue beat Third quarter 2025 results: EPS: ₹36.12 (up from ₹16.29 in 3Q 2024). Revenue: ₹104.5b (up 117% from 3Q 2024). Net income: ₹1.71b (up 78% from 3Q 2024). Profit margin: 1.6% (down from 2.0% in 3Q 2024). Revenue exceeded analyst estimates by 5.6%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 25% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Consumer Durables industry in India. Over the last 3 years on average, earnings per share has increased by 51% per year whereas the company’s share price has increased by 49% per year. Annuncio • Jan 13
Dixon Technologies (India) Limited to Report Q3, 2025 Results on Jan 20, 2025 Dixon Technologies (India) Limited announced that they will report Q3, 2025 results on Jan 20, 2025 Price Target Changed • Oct 25
Price target increased by 11% to ₹13,395 Up from ₹12,116, the current price target is an average from 28 analysts. New target price is approximately in line with last closing price of ₹13,930. Stock is up 159% over the past year. The company is forecast to post earnings per share of ₹140 for next year compared to ₹61.64 last year. Reported Earnings • Oct 25
Second quarter 2025 earnings: EPS and revenues exceed analyst expectations Second quarter 2025 results: EPS: ₹68.82 (up from ₹19.04 in 2Q 2024). Revenue: ₹115.3b (up 133% from 2Q 2024). Net income: ₹3.90b (up 263% from 2Q 2024). Profit margin: 3.4% (up from 2.2% in 2Q 2024). Revenue exceeded analyst estimates by 23%. Earnings per share (EPS) also surpassed analyst estimates by 80%. Revenue is forecast to grow 26% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Consumer Durables industry in India. Over the last 3 years on average, earnings per share has increased by 42% per year whereas the company’s share price has increased by 41% per year. Annuncio • Oct 17
Dixon Technologies (India) Limited to Report Q2, 2025 Results on Oct 24, 2024 Dixon Technologies (India) Limited announced that they will report Q2, 2025 results on Oct 24, 2024 Declared Dividend • Sep 05
Dividend increased to ₹5.00 Dividend of ₹5.00 is 67% higher than last year. Ex-date: 18th September 2024 Payment date: 29th October 2024 Dividend yield will be 0.04%, which is lower than the industry average of 0.5%. Annuncio • Sep 04
Dixon Technologies (India) Limited, Annual General Meeting, Sep 25, 2024 Dixon Technologies (India) Limited, Annual General Meeting, Sep 25, 2024, at 11:00 Indian Standard Time. Annuncio • Aug 21
Dixon Technologies (India) Limited Announces Change in Management Dixon Technologies (India) Limited announced about the changes in the Senior Management Personnel of the Company as under: Mr. Sunil Ranjhan, has been appointed as Chief Human Resource Officer of the Company and has assumed the position effective 21st August, 2024. Mr. Sunil Ranjhan brings over 37 years of rich experience in Human Resources Development & Management across the APAC region, including India, Japan, and Thailand. He has an extensive background in Talent Acquisition, Performance Management, Employee Engagement, and Industrial Relations. He has held leadership roles in renowned organizations such as LG Electronics, Maruti Suzuki, and Honda Motor Co., where he played a key role in HR strategy and operations at both regional and global levels. He has managed HR at unit, country corporate office, Regional and Global HQ levels across industries like IT, Electronics, HR Consulting and Automobiles. He is a Management graduate from Birla Institute of Technology & Science (BITS), Pilani. Upon the appointment of Mr. Sunil Ranjhan, Mr. Abhijit Kotnis, President & C.O.O. (Consumer Electronics) who had assumed the additional responsibilities of HR vertical of the Company in the interim with effect from 1st May, 2024, has been relieved of such additional responsibilities effective 21st August, 2024. Annuncio • Aug 13
Dixon Technologies (India) Limited (NSEI:DIXON) acquired 50.1% stake in Ismartu India Private Limited from Ismartu In Pte. Limited, 5A Advisors LLP and Transsion Technology Limited for INR 2.75 billion. Dixon Technologies (India) Limited (NSEI:DIXON) agreed to acquire 50.1% stake in Ismartu India Private Limited from Ismartu In Pte. Limited, 5A Advisors LLP and Transsion Technology Limited for INR 2.4 billion on April 8, 2024. The consideration consists of INR 2.4 billion in cash. As part of the consideration, 2.4 billion was paid towards common equity. The deal is subject to the approval of Competition Commission of India and subject to preclosing and post post-closing adjustments in accordance with the terms of the Share Purchase Agreement. The transaction is to be completed within 90 days from the date of execution of the Share Purchase Agreement. Kartik Jain, Saumya Sahai, Anmol Mahajan and Alisha Chawla of J. Sagar Associates acted as legal advisor to Ismartu In Pte. Limited, 5A Advisors LLP and Transsion Technology Limited and Cyril Amarchand Mangaldas acted as legal advisor to Dixon Technologies on the transaction. As of July 18, 2024, the Competition Commission of India approved the deal and the closing of the transaction is subject to fulfilment of other conditions precedent as required under the share purchase agreement.
Dixon Technologies (India) Limited (NSEI:DIXON) completed the acquisition of 50.1% stake in Ismartu India Private Limited from Ismartu In Pte. Limited, 5A Advisors LLP and Transsion Technology Limited for INR 2.75 billion on August 13, 2024. Price Target Changed • Jul 31
Price target increased by 8.7% to ₹10,076 Up from ₹9,273, the current price target is an average from 24 analysts. New target price is 17% below last closing price of ₹12,099. Stock is up 193% over the past year. The company is forecast to post earnings per share of ₹122 for next year compared to ₹62.84 last year. Reported Earnings • Jul 31
First quarter 2025 earnings: EPS and revenues exceed analyst expectations First quarter 2025 results: EPS: ₹23.35 (up from ₹11.28 in 1Q 2024). Revenue: ₹65.9b (up 101% from 1Q 2024). Net income: ₹1.34b (up 94% from 1Q 2024). Profit margin: 2.0% (down from 2.1% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 13%. Earnings per share (EPS) also surpassed analyst estimates by 13%. Revenue is forecast to grow 31% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Consumer Durables industry in India. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has increased by 42% per year, which means it is tracking significantly ahead of earnings growth. Annuncio • Jul 23
Dixon Technologies (India) Limited to Report Q1, 2025 Results on Jul 30, 2024 Dixon Technologies (India) Limited announced that they will report Q1, 2025 results on Jul 30, 2024 Price Target Changed • May 17
Price target increased by 12% to ₹7,655 Up from ₹6,814, the current price target is an average from 26 analysts. New target price is 14% below last closing price of ₹8,937. Stock is up 195% over the past year. The company is forecast to post earnings per share of ₹111 for next year compared to ₹62.84 last year. Reported Earnings • May 16
Full year 2024 earnings released: EPS: ₹62.84 (vs ₹43.00 in FY 2023) Full year 2024 results: EPS: ₹62.84 (up from ₹43.00 in FY 2023). Revenue: ₹177.1b (up 45% from FY 2023). Net income: ₹3.68b (up 44% from FY 2023). Profit margin: 2.1% (in line with FY 2023). Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Consumer Durables industry in India. Over the last 3 years on average, earnings per share has increased by 28% per year and the company’s share price has also increased by 28% per year. Annuncio • May 16
Dixon Technologies (India) Limited Recommends Final Dividend for the Financial Year 2023-24 Dixon Technologies (India) Limited announced that at the board meeting held on May 15, 2024, the company recommendation of Final dividend on the Equity Shares of the Company for the Financial year 2023-24 at the rate of INR 5/- per Equity Share of the face value of INR 2 each, out of the profits of the Company. The dividend, if approved by the members of the Company at the up coming 31st Annual General Meeting (AGM), will be credited/dispatched within 30 days from the date of AGM. Annuncio • May 10
Dixon Technologies (India) Limited to Report Q4, 2024 Results on May 15, 2024 Dixon Technologies (India) Limited announced that they will report Q4, 2024 results on May 15, 2024 Annuncio • May 01
Dixon Technologies (India) Limited Announces Change in Senior Management of the Company Dixon Technologies (India) Limited announced that pursuant to resignation of Mr. Arjun Singh, Chief Human Resource Officer (CHRO), he has been relieved from his duties from close of business hours on 30th April, 2024. Following, Mr. Singh's departure from the Company, Mr. Abhijit Kotnis, President & C.O.O. (Consumer Electronics) has assumed the responsibilities in leading the HR vertical of the Company effective 1st May, 2024. Mr. Kotnis has over 28 years of rich and extensive experience across Manufacturing, Technology, Business Development and sourcing fields. His knowledge and expertise is proven in the areas of Strategic Planning & Executions, New Business Development, Supply Chain Management, Business transformations etc. Mr. Kotnis holds an MBA in Marketing & Operations & B.E. in Electronics & Telecommunications from Marathawada University, Aurangabad and has also completed his Post Graduate Programme in Management (MEP) from IIM, Ahmedabad. Annuncio • Apr 03
Dixon Technologies Reportedly Eyes India Unit of Transsion Holdings Dixon Technologies (India) Limited (NSEI:DIXON), India’s largest electronics contract manufacturer, is in initial talks to buy a majority stake in the local phone-making unit of China’s Transsion Holdings (Shenzhen Transsion Holdings Co., Ltd. (SHSE:688036)), people aware of the details told ET. Transsion’s India business is valued at about INR 7,000 million, they said. The talks come amid greater scrutiny of Chinese firms operating in the handset ecosystem. Board Change • Mar 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 5 experienced directors. 2 highly experienced directors. Non-Executive & Independent Director Arun Seth was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Annuncio • Feb 01
Dixon Technologies (India) Limited Announces Management Changes Dixon Technologies (India) Limited announced resignation of Mr. Nirupam Sahay, President & C.O.O. (Lighting Solutions), he has been relieved from his duties from close of business hours on 31st January, 2024. Following, Mr. Sahay's departure from the Company, Mr. Amit Mittal, Senior Vice President-Operations has assumed his responsibilities in leading the Lighting solutions vertical of the Company effective 1st February, 2024. Mr. Amit Mittal is a Graduate in engineering from Punjab Engineering College, Chandigarh. He has more than 25 years of experience in manufacturing operations in different industries most notably with Philips. He is a Lean master and Certified SixSigma Black Belt. Reported Earnings • Feb 01
Third quarter 2024 earnings: EPS and revenues miss analyst expectations Third quarter 2024 results: EPS: ₹16.29 (up from ₹8.74 in 3Q 2023). Revenue: ₹48.2b (up 100% from 3Q 2023). Net income: ₹964.4m (up 86% from 3Q 2023). Profit margin: 2.0% (down from 2.2% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 4.3%. Earnings per share (EPS) also missed analyst estimates by 21%. Revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Consumer Durables industry in India. Over the last 3 years on average, earnings per share has increased by 27% per year whereas the company’s share price has increased by 24% per year. Annuncio • Jan 24
Dixon Technologies (India) Limited to Report Q3, 2024 Results on Jan 31, 2024 Dixon Technologies (India) Limited announced that they will report Q3, 2024 results at 12:08 PM, Indian Standard Time on Jan 31, 2024 Reported Earnings • Oct 27
Second quarter 2024 earnings: EPS and revenues exceed analyst expectations Second quarter 2024 results: EPS: ₹19.04 (up from ₹13.00 in 2Q 2023). Revenue: ₹49.4b (up 28% from 2Q 2023). Net income: ₹1.07b (up 39% from 2Q 2023). Profit margin: 2.2% (up from 2.0% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 15%. Earnings per share (EPS) also surpassed analyst estimates by 1.9%. Revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Consumer Durables industry in India. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has increased by 42% per year, which means it is tracking significantly ahead of earnings growth. Annuncio • Oct 20
Dixon Technologies (India) Limited to Report Q2, 2024 Results on Oct 26, 2023 Dixon Technologies (India) Limited announced that they will report Q2, 2024 results on Oct 26, 2023 Upcoming Dividend • Sep 15
Upcoming dividend of ₹3.00 per share at 0.1% yield Eligible shareholders must have bought the stock before 22 September 2023. Payment date: 29 October 2023. Payout ratio is a comfortable 7.0% and this is well supported by cash flows. Trailing yield: 0.1%. Lower than top quartile of Indian dividend payers (1.3%). Lower than average of industry peers (0.5%). Annuncio • Sep 06
Dixon Technologies (India) Limited Recommends to Declare Final Dividend for the Financial Year 2022-2023 Dixon Technologies (India) Limited recommended to declare a final dividend of INR 3/- per equity share of face value of INR 2/- each for the Financial Year 2022-2023. Further, informed that, the Register of Members and Share Transfer Books of the Company will remain closed from Saturday, 23rd September, 2023 to Friday, 29th September, 2023 (both days inclusive) for taking record of the Members of the Company for the purpose of 30th AGM as per details given below: Cut-off date for payment of Dividend is 22 September 2023. Annuncio • Sep 02
Dixon Technologies (India) Limited, Annual General Meeting, Sep 29, 2023 Dixon Technologies (India) Limited, Annual General Meeting, Sep 29, 2023, at 11:00 Indian Standard Time. Reported Earnings • Jul 27
First quarter 2024 earnings: EPS misses analyst expectations First quarter 2024 results: EPS: ₹11.28 (up from ₹7.65 in 1Q 2023). Revenue: ₹32.7b (up 15% from 1Q 2023). Net income: ₹688.2m (up 51% from 1Q 2023). Profit margin: 2.1% (up from 1.6% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 30%. Revenue is forecast to grow 27% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Consumer Durables industry in India. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has increased by 42% per year, which means it is tracking significantly ahead of earnings growth. Annuncio • May 24
Dixon Technologies (India) Limited Recommends Final Dividend for the Financial Year 2022-23 Dixon Technologies (India) Limited announced that the Board at its Meeting held 23 May, 2023, recommended Final dividend on the Equity Shares of the Company for the Financial year 2022-23 at the rate of INR 3 per Equity Share of the face value of INR 2 each, out of the profits of the Company. The dividend, if approved by the members of the Company at the ensuing 30 Annual General Meeting will be credited/dispatched within 30 days from the date of AGM. Reported Earnings • May 24
Full year 2023 earnings: EPS exceeds analyst expectations Full year 2023 results: EPS: ₹42.92 (up from ₹32.29 in FY 2022). Revenue: ₹122.0b (up 14% from FY 2022). Net income: ₹2.56b (up 34% from FY 2022). Profit margin: 2.1% (up from 1.8% in FY 2022). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 3.0%. Revenue is forecast to grow 26% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Consumer Durables industry in India. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has increased by 57% per year, which means it is tracking significantly ahead of earnings growth. Annuncio • May 22
Dixon Technologies (India) Limited to Report Q4, 2023 Results on May 23, 2023 Dixon Technologies (India) Limited announced that they will report Q4, 2023 results on May 23, 2023 Valuation Update With 7 Day Price Move • Feb 01
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₹2,807, the stock trades at a forward P/E ratio of 44x. Average forward P/E is 36x in the Consumer Durables industry in India. Total returns to shareholders of 202% over the past three years. Price Target Changed • Jan 27
Price target decreased by 8.0% to ₹3,943 Down from ₹4,284, the current price target is an average from 19 analysts. New target price is 45% above last closing price of ₹2,719. Stock is down 38% over the past year. The company is forecast to post earnings per share of ₹41.89 for next year compared to ₹32.29 last year. Reported Earnings • Jan 26
Third quarter 2023 earnings: EPS and revenues miss analyst expectations Third quarter 2023 results: EPS: ₹8.74 (up from ₹7.90 in 3Q 2022). Revenue: ₹24.1b (down 22% from 3Q 2022). Net income: ₹519.1m (up 12% from 3Q 2022). Profit margin: 2.2% (up from 1.5% in 3Q 2022). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 35%. Earnings per share (EPS) also missed analyst estimates by 27%. Revenue is forecast to grow 26% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Consumer Durables industry in India. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has increased by 55% per year, which means it is tracking significantly ahead of earnings growth. Annuncio • Jan 19
Dixon Technologies (India) Limited to Report Q3, 2023 Results on Jan 25, 2023 Dixon Technologies (India) Limited announced that they will report Q3, 2023 results on Jan 25, 2023 Board Change • Nov 16
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 2 highly experienced directors. Non-Executive & Independent Director Rakesh Mohan was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 21
Second quarter 2023 earnings: EPS and revenues exceed analyst expectations Second quarter 2023 results: EPS: ₹13.00 (up from ₹10.69 in 2Q 2022). Revenue: ₹38.7b (up 38% from 2Q 2022). Net income: ₹772.5m (up 23% from 2Q 2022). Profit margin: 2.0% (down from 2.2% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 3.9%. Earnings per share (EPS) also surpassed analyst estimates by 4.7%. Revenue is forecast to grow 26% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Consumer Durables industry in India. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has increased by 93% per year, which means it is tracking significantly ahead of earnings growth. Annuncio • Oct 14
Dixon Technologies (India) Limited to Report Q2, 2023 Results on Oct 20, 2022 Dixon Technologies (India) Limited announced that they will report Q2, 2023 results at 3:30 PM, Indian Standard Time on Oct 20, 2022 Upcoming Dividend • Aug 04
Upcoming dividend of ₹2.00 per share Eligible shareholders must have bought the stock before 11 August 2022. Payment date: 22 September 2022. Payout ratio is a comfortable 5.4% but the company is not cash flow positive. Trailing yield: 0.1%. Lower than top quartile of Indian dividend payers (1.7%). Lower than average of industry peers (0.5%). Annuncio • Aug 02
Dixon Technologies (India) Limited Proposes Final Dividend for 2021-22 Dixon Technologies (India) Limited at its AGM to be held on 23 August, 2022 proposed to declare a final dividend of INR 2 per equity share of face value of INR 2 each for the Financial Year 2021-22. Annuncio • Jul 30
Dixon Technologies (India) Limited, Annual General Meeting, Aug 23, 2022 Dixon Technologies (India) Limited, Annual General Meeting, Aug 23, 2022, at 15:00 Indian Standard Time. Reported Earnings • Jul 28
First quarter 2023 earnings: EPS and revenues miss analyst expectations First quarter 2023 results: EPS: ₹15.30 (up from ₹3.10 in 1Q 2022). Revenue: ₹28.6b (up 53% from 1Q 2022). Net income: ₹457.0m (up 152% from 1Q 2022). Profit margin: 1.6% (up from 1.0% in 1Q 2022). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 10%. Earnings per share (EPS) also missed analyst estimates by 39%. Over the next year, revenue is forecast to grow 53%, compared to a 25% growth forecast for the industry in India. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has increased by 108% per year, which means it is tracking significantly ahead of earnings growth. Annuncio • Jul 21
Dixon Technologies (India) Limited to Report Q1, 2023 Results on Jul 27, 2022 Dixon Technologies (India) Limited announced that they will report Q1, 2023 results at 12:15 PM, Indian Standard Time on Jul 27, 2022 Price Target Changed • Jun 07
Price target decreased to ₹4,410 Down from ₹4,794, the current price target is an average from 18 analysts. New target price is 22% above last closing price of ₹3,615. Stock is down 14% over the past year. The company is forecast to post earnings per share of ₹63.44 for next year compared to ₹32.31 last year. Board Change • Jun 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 2 highly experienced directors. Non-Executive & Independent Director Rakesh Mohan was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Annuncio • May 31
Dixon Technologies (India) Limited Recommends Final Dividend for Financial Year 2021-22 Dixon Technologies (India) Limited recommended final dividend on the Equity Shares of the company for the financial year 2021-22 at the rate of INR 2 per Equity Share of the face value of INR 2 each, out of the profits. The dividend, if approved by the members of the Company at the ensuing 29th Annual General Meeting (" AGM"), will be credited/dispatched within 30 days from the date of AGM. Reported Earnings • May 31
Full year 2022 earnings: EPS and revenues miss analyst expectations Full year 2022 results: EPS: ₹32.31 (up from ₹27.49 in FY 2021). Revenue: ₹107.0b (up 66% from FY 2021). Net income: ₹1.90b (up 19% from FY 2021). Profit margin: 1.8% (down from 2.5% in FY 2021). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 6.0%. Earnings per share (EPS) also missed analyst estimates by 9.4%. Over the next year, revenue is forecast to grow 60%, compared to a 28% growth forecast for the industry in India. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has increased by 100% per year, which means it is tracking significantly ahead of earnings growth. Annuncio • May 25
Dixon Technologies (India) Limited to Report Q4, 2022 Results on May 30, 2022 Dixon Technologies (India) Limited announced that they will report Q4, 2022 results on May 30, 2022 Board Change • May 02
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 2 highly experienced directors. Non-Executive & Independent Director Rakesh Mohan was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Major Estimate Revision • Feb 04
Consensus EPS estimates fall by 17% The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from ₹119.8b to ₹115.5b. EPS estimate also fell from ₹44.01 per share to ₹36.53 per share. Net income forecast to grow 114% next year vs 45% growth forecast for Consumer Durables industry in India. Consensus price target down from ₹5,118 to ₹4,936. Share price rose 3.1% to ₹4,528 over the past week. Reported Earnings • Jan 30
Third quarter 2022 earnings: EPS and revenues miss analyst expectations Third quarter 2022 results: EPS: ₹7.90 (down from ₹10.63 in 3Q 2021). Revenue: ₹30.7b (up 41% from 3Q 2021). Net income: ₹463.8m (down 25% from 3Q 2021). Profit margin: 1.5% (down from 2.8% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 5.1%. Earnings per share (EPS) also missed analyst estimates by 23%. Over the next year, revenue is forecast to grow 61%, compared to a 27% growth forecast for the industry in India. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has increased by 113% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Nov 03
Second quarter 2022 earnings released: EPS ₹10.69 (vs ₹9.05 in 2Q 2021) The company reported a solid second quarter result with improved earnings and revenues, although profit margins were weaker. Second quarter 2022 results: Revenue: ₹28.0b (up 71% from 2Q 2021). Net income: ₹626.4m (up 20% from 2Q 2021). Profit margin: 2.2% (down from 3.2% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has increased by 136% per year, which means it is tracking significantly ahead of earnings growth. Price Target Changed • Nov 02
Price target increased to ₹4,936 Up from ₹4,553, the current price target is an average from 17 analysts. New target price is 10% below last closing price of ₹5,501. Stock is up 189% over the past year. The company is forecast to post earnings per share of ₹45.18 for next year compared to ₹27.49 last year. Recent Insider Transactions • Aug 14
Executive Chairman recently sold ₹4.4m worth of stock On the 10th of August, Sunil Vachani sold around 1k shares on-market at roughly ₹4,355 per share. In the last 3 months, there was an even bigger sale from another insider worth ₹17m. Sunil has been a seller over the last 12 months, reducing personal holdings by ₹780m. Recent Insider Transactions • Aug 07
Executive Chairman recently sold ₹4.3m worth of stock On the 2nd of August, Sunil Vachani sold around 1k shares on-market at roughly ₹4,339 per share. In the last 3 months, there was an even bigger sale from another insider worth ₹17m. Sunil has been a seller over the last 12 months, reducing personal holdings by ₹792m. Price Target Changed • Jul 28
Price target increased to ₹4,481 Up from ₹4,186, the current price target is an average from 14 analysts. New target price is approximately in line with last closing price of ₹4,419. Stock is up 205% over the past year. Reported Earnings • Jul 28
First quarter 2022 earnings released: EPS ₹3.10 (vs ₹0.28 in 1Q 2021) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: ₹18.7b (up 261% from 1Q 2021). Net income: ₹181.6m (up ₹165.6m from 1Q 2021). Profit margin: 1.0% (up from 0.3% in 1Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has increased by 101% per year, which means it is tracking significantly ahead of earnings growth. Recent Insider Transactions • Jun 05
Insider recently sold ₹10m worth of stock On the 2nd of June, Abhijit Kotnis sold around 3k shares on-market at roughly ₹4,160 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of ₹2.0b more than they bought in the last 12 months. Reported Earnings • May 29
Full year 2021 earnings released: EPS ₹27.49 (vs ₹21.11 in FY 2020) The company reported a solid full year result with improved earnings and revenues, although profit margins were weaker. Full year 2021 results: Revenue: ₹64.5b (up 47% from FY 2020). Net income: ₹1.60b (up 33% from FY 2020). Profit margin: 2.5% (down from 2.7% in FY 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has increased by 83% per year, which means it is tracking significantly ahead of earnings growth. Annuncio • May 28
Dixon Technologies (India) Limited Recommends Final Dividend for the Financial Year 2020-21 Dixon Technologies (India) Limited announced that at its Board meeting held on May 27, 2021, approved the recommendation of final dividend on the Equity Shares of the Company for the financial year 2020-21 at the rate of INR 1 per Equity Share of the face value of INR 2 each, out of the profits. The dividend, if approved by the members of the Company at the upcoming 28th Annual General Meeting (" AGM"), will be credited/dispatched within 30 days from the date of AGM. Price Target Changed • May 28
Price target increased to ₹3,604 Up from ₹3,310, the current price target is an average from 11 analysts. New target price is 9.8% below last closing price of ₹3,994. Stock is up 332% over the past year. Recent Insider Transactions • Apr 04
Insider recently sold ₹73k worth of stock On the 31st of March, Rajesh Kumar Mishra sold around 20.0 shares on-market at roughly ₹3,664 per share. In the last 3 months, there was an even bigger sale from another insider worth ₹17m. Insiders have been net sellers, collectively disposing of ₹2.0b more than they bought in the last 12 months. Recent Insider Transactions • Mar 22
Insider recently sold ₹3.4m worth of stock On the 15th of March, Suneel Kumar Singh sold around 800 shares on-market at roughly ₹4,204 per share. In the last 3 months, there was an even bigger sale from another insider worth ₹33m. Insiders have been net sellers, collectively disposing of ₹2.1b more than they bought in the last 12 months. Recent Insider Transactions • Mar 17
Insider recently sold ₹6.0m worth of stock On the 10th of March, Lalit Shukla sold around 300 shares on-market at roughly ₹20,029 per share. In the last 3 months, there was an even bigger sale from another insider worth ₹33m. Insiders have been net sellers, collectively disposing of ₹2.0b more than they bought in the last 12 months. Recent Insider Transactions • Mar 14
Insider recently sold ₹6.0m worth of stock On the 10th of March, Lalit Shukla sold around 300 shares on-market at roughly ₹20,029 per share. In the last 3 months, there was an even bigger sale from another insider worth ₹33m. Insiders have been net sellers, collectively disposing of ₹2.0b more than they bought in the last 12 months. Is New 90 Day High Low • Feb 25
New 90-day high: ₹20,233 The company is up 70% from its price of ₹11,916 on 27 November 2020. The Indian market is up 17% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Durables industry, which is up 35% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₹3,886 per share. Recent Insider Transactions • Feb 21
Executive Chairman recently sold ₹7.9m worth of stock On the 18th of February, Sunil Vachani sold around 400 shares on-market at roughly ₹19,789 per share. In the last 3 months, they made an even bigger sale worth ₹50m. Sunil has been a seller over the last 12 months, reducing personal holdings by ₹844m. Recent Insider Transactions • Feb 12
Insider recently sold ₹17m worth of stock On the 9th of February, Abhijit Kotnis sold around 983 shares on-market at roughly ₹17,046 per share. In the last 3 months, there was an even bigger sale from another insider worth ₹50m. Insiders have been net sellers, collectively disposing of ₹1.9b more than they bought in the last 12 months. Reported Earnings • Feb 04
Third quarter 2021 earnings released: EPS ₹53.14 (vs ₹23.13 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ₹21.8b (up 120% from 3Q 2020). Net income: ₹615.9m (up 134% from 3Q 2020). Profit margin: 2.8% (up from 2.6% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has increased by 66% per year, which means it is tracking significantly ahead of earnings growth. Analyst Estimate Surprise Post Earnings • Feb 04
Revenue and earnings beat expectations Revenue exceeded analyst estimates by 42%. Earnings per share (EPS) also surpassed analyst estimates by 39%. Over the next year, revenue is forecast to grow 73%, compared to a 40% growth forecast for the Consumer Durables industry in India. Major Estimate Revision • Feb 03
Analysts increase revenue estimates to ₹62.0b The 2021 consensus revenue estimate increased from ₹55.1b. Earning per share (EPS) estimate also increased from ₹127 to ₹144 for the same period. Net income is expected to grow by 101% next year compared to 64% growth forecast for the Consumer Durables industry in India. The consensus price target increased from ₹11,681 to ₹13,220. Share price is up 13% to ₹15,865 over the past week. Price Target Changed • Feb 03
Price target raised to ₹13,220 Up from ₹11,681, the current price target is an average from 14 analysts. The new target price is 17% below the current share price of ₹15,865. As of last close, the stock is up 241% over the past year. Is New 90 Day High Low • Feb 03
New 90-day high: ₹15,865 The company is up 58% from its price of ₹10,038 on 05 November 2020. The Indian market is up 22% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Durables industry, which is up 35% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₹101 per share. Annuncio • Feb 03
Dixon Technologies (India) Limited Appoints Rakesh Mohan as Additional Director in the Capacity of Non- Executive and Independent Director Dixon Technologies (India) Limited announced that the Board of Directors, at its meeting held on 2 February, 2021 have appointed Dr. Rakesh Mohan as Additional Director in the capacity of Non- Executive and Independent Director of the Company with effect from 2 February, 2021. Annuncio • Jan 15
Dixon Technologies (India) Limited to Report Q3, 2021 Results on Feb 02, 2021 Dixon Technologies (India) Limited announced that they will report Q3, 2021 results on Feb 02, 2021 Annuncio • Jan 08
Dixon Technologies (India) Limited Enters into Agreement with boAt for Manufacturing of Twin Wireless Speakers Dixon Technologies (India) Limited and boAt have entered into agreement for manufacturing of twin wireless speakers. Dixon shall be manufacturing the said products from its manufacturing facility located at Noida, Uttar Pradesh. Is New 90 Day High Low • Jan 04
New 90-day high: ₹13,788 The company is up 58% from its price of ₹8,724 on 06 October 2020. The Indian market is up 20% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Durables industry, which is up 30% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₹102 per share. Is New 90 Day High Low • Dec 10
New 90-day high: ₹12,108 The company is up 31% from its price of ₹9,235 on 11 September 2020. The Indian market is up 18% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Durables industry, which is up 22% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₹102 per share.