BSE:540699

Stock Analysis Report

Dixon Technologies (India)

Executive Summary

Dixon Technologies (India) Limited manufactures and sells products for the consumer durables, lighting, and mobile phones markets in India.

Snowflake

Fundamentals

High growth potential with excellent balance sheet.


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Share Price & News

How has Dixon Technologies (India)'s share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

0.8%

540699

0.6%

IN Consumer Durables

1.4%

IN Market


1 Year Return

30.0%

540699

11.5%

IN Consumer Durables

2.3%

IN Market

Return vs Industry: 540699 exceeded the Indian Consumer Durables industry which returned 11.5% over the past year.

Return vs Market: 540699 exceeded the Indian Market which returned 2.3% over the past year.


Shareholder returns

540699IndustryMarket
7 Day0.8%0.6%1.4%
30 Day23.4%9.5%2.7%
90 Day37.2%10.3%-1.4%
1 Year30.2%30.0%12.0%11.5%4.3%2.3%
3 Yearn/a33.7%31.7%20.9%14.9%
5 Yearn/a129.3%123.0%41.2%28.2%

Price Volatility Vs. Market

How volatile is Dixon Technologies (India)'s share price compared to the market and industry in the last 5 years?


Simply Wall St News

1 year ago | Simply Wall St

Best Growth Stock in July

1 year ago | Simply Wall St

Best Growth Stock in July

1 year ago | Simply Wall St

Best Growth Stock in July

Valuation

Is Dixon Technologies (India) undervalued compared to its fair value and its price relative to the market?

46.23x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Undervalued: 540699 (₹3028) is trading above our estimate of fair value (₹804.49)

Significantly Undervalued: 540699 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 540699 is poor value based on its PE Ratio (46.2x) compared to the Consumer Durables industry average (22.1x).

PE vs Market: 540699 is poor value based on its PE Ratio (46.2x) compared to the Indian market (13x).


Price to Earnings Growth Ratio

Low PEG Ratio: 540699 is poor value based on its PEG Ratio (2.1x)


Price to Book Ratio

PB vs Industry: 540699 is overvalued based on its PB Ratio (9.1x) compared to the IN Consumer Durables industry average (1.3x).


Next Steps

Future Growth

How is Dixon Technologies (India) forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?

21.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 540699's forecast earnings growth (21.7% per year) is above the savings rate (7.6%).

Earnings vs Market: 540699's earnings (21.7% per year) are forecast to grow faster than the Indian market (18.1% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: 540699's revenue (13.8% per year) is forecast to grow faster than the Indian market (11.4% per year).

High Growth Revenue: 540699's revenue (13.8% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: 540699's Return on Equity is forecast to be high in 3 years time (20.7%)


Next Steps

Past Performance

How has Dixon Technologies (India) performed over the past 5 years?

23.5%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: 540699's earnings have grown significantly by 23.5% per year over the past 5 years.

Accelerating Growth: 540699's earnings growth over the past year (18.1%) is below its 5-year average (23.5% per year).

Earnings vs Industry: 540699 earnings growth over the past year (18.1%) exceeded the Consumer Durables industry 5.2%.


Return on Equity

High ROE: 540699's Return on Equity (19.6%) is considered low.


Return on Assets

ROA vs Industry: 540699 has a higher Return on Assets than the Consumer Durables industry average last year.


Return on Capital Employed

ROCE Improving: 540699's Return on Capital Employed has declined over the past 3 years.


Next Steps

Financial Health

How is Dixon Technologies (India)'s financial position?


Financial Position Analysis

Short Term Liabilities: 540699's short term assets (₹10.7B) exceeds its short term liabilities (₹9.3B)

Long Term Liabilities: 540699's short term assets (10.7B) exceeds its long term liabilities (1.9B)


Debt to Equity History and Analysis

Debt Level: 540699's debt to equity ratio (37.3%) is considered satisfactory

Reducing Debt: 540699's debt to equity ratio has reduced from 112% to 37.3% over the past 5 years.

Debt Coverage: 540699's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: 540699's interest payments on its debt are well covered by EBIT (5.1x coverage).


Balance Sheet

Inventory Level: 540699 has a high level of physical assets or inventory.

Debt Coverage by Assets: 540699's debt is covered by short term assets (assets are 7.575600x debt).


Next Steps

Dividend

What is Dixon Technologies (India)'s current dividend yield, its reliability and sustainability?

0.066%

Current Dividend Yield


Dividend Yield vs Market

company0.07%marketbottom25%0.6%markettop25%2.5%industryaverage0.5%forecastin3Years0.2%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: 540699's dividend (0.066%) isn’t notable compared to the bottom 25% of dividend payers in the Indian market (0.61%).

High Dividend: 540699's dividend (0.066%) is low compared to the top 25% of dividend payers in the Indian market (2.51%).

Stable Dividend: 540699 is not paying a notable dividend for the Indian market, therefore no need to check if payments are stable.

Growing Dividend: 540699 is not paying a notable dividend for the Indian market, therefore no need to check if payments are increasing.


Current Payout to Shareholders

Dividend Coverage: 540699 is not paying a notable dividend for the Indian market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of 540699's dividend in 3 years as they are not forecast to pay a notable one for the Indian market.


Next Steps

Management

What is the CEO of Dixon Technologies (India)'s salary, the management and board of directors tenure and is there insider trading?

3.0yrs

Average management tenure


CEO

Atul Lall (57yo)

4.3yrs

Tenure

₹27,636,000

Compensation

Mr. Atul B. Lall has been Managing Director of Dixon Technologies (India) Private Limited since July 5, 2015 and has been its and Director since June 30, 2000. Mr. Lall has over 25 years experience in the  ...


CEO Compensation Analysis

Compensation vs. Market: Insufficient data to establish whether Atul's total compensation is reasonable compared to companies of similar size in the Indian market.

Compensation vs Earnings: Atul's compensation has increased by more than 20% in the past year.


Management Age and Tenure

3.0yrs

Average Tenure

50yo

Average Age

Experienced Management: 540699's management team is considered experienced (3 years average tenure).


Board Age and Tenure

2.7yrs

Average Tenure

55.5yo

Average Age

Experienced Board: 540699's board of directors are not considered experienced ( 2.7 years average tenure), which suggests a new board.


Insider Trading

Insider Buying: 540699 insiders have sold more shares than they have bought in the past 3 months.


Recent Insider Transactions

Sell₹577,50001 Oct 19
Sumit Gambhir
EntityIndividual
Shares200
Max Price₹2,887.50
Sell₹2,895,04101 Oct 19
Sunil Vachani
EntityIndividual
Role
Chairman of the Board
Executive Chairman
Shares1,000
Max Price₹2,895.04
Sell₹840,28801 Oct 19
Kailash Sharma
EntityIndividual
Shares300
Max Price₹2,800.96
Sell₹14,871,09030 Sep 19
Vineet Mishra
EntityIndividual
Role
Senior Key Executive
President & COO of Lighting
Shares5,134
Max Price₹2,896.59
Sell₹292,90030 Sep 19
Kailash Sharma
EntityIndividual
Shares101
Max Price₹2,900.00
Sell₹573,80030 Sep 19
Bharat Chalana
EntityIndividual
Shares200
Max Price₹2,869.00
Sell₹858,84930 Sep 19
Pankaj Sharma
EntityIndividual
Role
Senior Key Executive
President & COO of Mobile Division
Shares300
Max Price₹2,862.83
Sell₹289,10730 Sep 19
Lalit Shukla
EntityIndividual
Shares100
Max Price₹2,891.07
Sell₹560,80026 Sep 19
Kailash Sharma
EntityIndividual
Shares200
Max Price₹2,804.00
Sell₹859,73326 Sep 19
Pawan Sharma
EntityIndividual
Shares300
Max Price₹2,884.35
Sell₹37,44026 Sep 19
Lalit Shukla
EntityIndividual
Shares13
Max Price₹2,880.00
Sell₹840,00026 Sep 19
Pankaj Sharma
EntityIndividual
Role
Senior Key Executive
President & COO of Mobile Division
Shares300
Max Price₹2,800.00
Sell₹1,150,11224 Sep 19
Sumit Gambhir
EntityIndividual
Shares400
Max Price₹2,887.50
Sell₹2,019,11224 Sep 19
Bharat Chalana
EntityIndividual
Shares711
Max Price₹2,839.82
Sell₹1,014,68024 Sep 19
Kailash Sharma
EntityIndividual
Shares353
Max Price₹2,874.45
Sell₹6,946,73424 Sep 19
Vineet Mishra
EntityIndividual
Role
Senior Key Executive
President & COO of Lighting
Shares2,454
Max Price₹2,830.78
Sell₹4,265,00024 Sep 19
Sunil Vachani
EntityIndividual
Role
Chairman of the Board
Executive Chairman
Shares1,500
Max Price₹2,843.33
Sell₹1,598,00021 Sep 19
Sumit Gambhir
EntityIndividual
Shares600
Max Price₹2,700.00
Sell₹264,00021 Sep 19
Sumit Gambhir
EntityIndividual
Shares100
Max Price₹2,640.00
Sell₹1,073,67221 Sep 19
Bharat Chalana
EntityIndividual
Shares400
Max Price₹2,684.18
Sell₹510,00021 Sep 19
Kailash Sharma
EntityIndividual
Shares200
Max Price₹2,550.00
Sell₹2,643,00021 Sep 19
Sunil Vachani
EntityIndividual
Role
Chairman of the Board
Executive Chairman
Shares1,000
Max Price₹2,643.00
Sell₹1,073,67221 Sep 19
Bharat Chalana
EntityIndividual
Shares400
Max Price₹2,684.18
Sell₹1,554,11021 Sep 19
Kailash Sharma
EntityIndividual
Shares600
Max Price₹2,710.00
Sell₹3,326,58421 Sep 19
Vineet Mishra
EntityIndividual
Role
Senior Key Executive
President & COO of Lighting
Shares1,251
Max Price₹2,659.14
Sell₹1,574,70121 Sep 19
Pankaj Sharma
EntityIndividual
Role
Senior Key Executive
President & COO of Mobile Division
Shares600
Max Price₹2,700.00
Sell₹765,00019 Sep 19
Sunil Vachani
EntityIndividual
Role
Chairman of the Board
Executive Chairman
Shares300
Max Price₹2,550.00
Sell₹703,87419 Sep 19
Vineet Mishra
EntityIndividual
Role
Senior Key Executive
President & COO of Lighting
Shares276
Max Price₹2,550.27
Sell₹642,45019 Sep 19
Bharat Chalana
EntityIndividual
Shares250
Max Price₹2,569.80
Sell₹873,32519 Sep 19
Kailash Sharma
EntityIndividual
Shares346
Max Price₹2,550.00
Sell₹395,44519 Sep 19
Vineet Mishra
EntityIndividual
Role
Senior Key Executive
President & COO of Lighting
Shares155
Max Price₹2,551.26
Sell₹514,00017 Sep 19
Sunil Vachani
EntityIndividual
Role
Chairman of the Board
Executive Chairman
Shares200
Max Price₹2,570.00
Sell₹266,00017 Sep 19
Pawan Sharma
EntityIndividual
Shares100
Max Price₹2,660.00
Sell₹530,00012 Sep 19
Kailash Sharma
EntityIndividual
Shares200
Max Price₹2,650.00
Sell₹6,606,25010 Sep 19
Vineet Mishra
EntityIndividual
Role
Senior Key Executive
President & COO of Lighting
Shares2,500
Max Price₹2,642.50
Sell₹654,12010 Sep 19
Lalit Shukla
EntityIndividual
Shares250
Max Price₹2,616.48
Sell₹1,050,09410 Sep 19
Kailash Sharma
EntityIndividual
Shares400
Max Price₹2,650.00
Sell₹519,86402 Sep 19
Vineet Mishra
EntityIndividual
Role
Senior Key Executive
President & COO of Lighting
Shares193
Max Price₹2,693.60
Sell₹1,578,61230 Aug 19
Rajeev Lonial
EntityIndividual
Role
Senior Key Executive
President & COO of Washing Machine
Shares600
Max Price₹2,640.00
Sell₹2,824,25030 Aug 19
Vineet Mishra
EntityIndividual
Role
Senior Key Executive
President & COO of Lighting
Shares1,046
Max Price₹2,700.05
Sell₹1,609,60330 Aug 19
Pankaj Sharma
EntityIndividual
Role
Senior Key Executive
President & COO of Mobile Division
Shares600
Max Price₹2,752.85
Sell₹1,307,50029 Aug 19
Pawan Sharma
EntityIndividual
Shares500
Max Price₹2,615.00
Sell₹1,156,96229 Aug 19
Sumit Gambhir
EntityIndividual
Shares450
Max Price₹2,584.90
Sell₹3,883,70129 Aug 19
Lalit Shukla
EntityIndividual
Shares1,500
Max Price₹2,700.00
Sell₹796,50029 Aug 19
Vinod Sachar
EntityIndividual
Shares300
Max Price₹2,700.00
Sell₹802,50029 Aug 19
Mahipal Bisht
EntityIndividual
Shares300
Max Price₹2,700.00
Sell₹1,299,07829 Aug 19
Sunil Vachani
EntityIndividual
Role
Chairman of the Board
Executive Chairman
Shares500
Max Price₹2,600.00
Buy₹280,00029 Aug 19
Vinod Sachar
EntityIndividual
Shares100
Max Price₹2,800.00
Sell₹1,294,02029 Aug 19
Bharat Chalana
EntityIndividual
Shares500
Max Price₹2,639.57
Sell₹3,651,12627 Aug 19
Vinod Sachar
EntityIndividual
Shares1,522
Max Price₹2,515.00
Sell₹749,13527 Aug 19
Sunil Vachani
EntityIndividual
Role
Chairman of the Board
Executive Chairman
Shares313
Max Price₹2,393.40
Sell₹2,853,49227 Aug 19
Mahipal Bisht
EntityIndividual
Shares1,161
Max Price₹2,600.00
Sell₹439,17826 Aug 19
Sunil Vachani
EntityIndividual
Role
Chairman of the Board
Executive Chairman
Shares187
Max Price₹2,348.55
Sell₹990,00922 Aug 19
Mangilal Kedia
EntityIndividual
Shares450
Max Price₹2,200.02
Sell₹1,355,19611 Mar 19
Mangilal Kedia
EntityIndividual
Shares543
Max Price₹2,495.76
Sell₹2,313,00006 Mar 19
Jyoti Nanda
EntityIndividual
Shares1,000
Max Price₹2,313.00
Sell₹129,68924 Dec 18
Lalit Shukla
EntityIndividual
Shares60
Max Price₹2,161.48
Sell₹2,439,76620 Dec 18
Mangilal Kedia
EntityIndividual
Shares1,150
Max Price₹2,121.54
Sell₹1,069,12720 Dec 18
Lalit Shukla
EntityIndividual
Shares500
Max Price₹2,138.25
Sell₹17,422,79919 Dec 18
Gopal Jagwan
EntityIndividual
Shares8,750
Max Price₹1,991.18
Sell₹1,412,84614 Dec 18
Gopal Jagwan
EntityIndividual
Shares716
Max Price₹1,973.25
Sell₹1,138,97213 Nov 18
Gopal Jagwan
EntityIndividual
Shares534
Max Price₹2,132.91

Ownership Breakdown


Management Team

  • Atul Lall (57yo)

    MD & Director

    • Tenure: 4.3yrs
    • Compensation: ₹27.64m
  • Abhijit Kotnis (50yo)

    President & COO of LED Television Division

    • Tenure: 0yrs
  • Ashish Kumar (39yo)

    Group Company Secretary & Compliance Officer

    • Tenure: 2.6yrs
    • Compensation: ₹4.65m
  • Sunil Vachani (51yo)

    Executive Chairman

    • Tenure: 0yrs
    • Compensation: ₹33.92m
  • Pankaj Sharma (57yo)

    President & COO of Mobile Division

    • Tenure: 0.5yrs
  • Saurabh Gupta (37yo)

    Chief Financial Officer

    • Tenure: 1.4yrs
    • Compensation: ₹8.07m
  • Vineet Mishra (43yo)

    President & COO of Lighting

    • Tenure: 0yrs
  • Rajeev Lonial (56yo)

    President & COO of Washing Machine

    • Tenure: 4.2yrs
  • Sitaram Patel (41yo)

    Vice-President of Reverse Logistics

    • Tenure: 4.5yrs
  • Vinay Pradhan (50yo)

    Vice President of Human Resources

    • Tenure: 3yrs

Board Members

  • Poornima Shenoy (54yo)

    Non-Executive Independent Director

    • Tenure: 2.7yrs
    • Compensation: ₹670.00k
  • Atul Lall (57yo)

    MD & Director

    • Tenure: 4.3yrs
    • Compensation: ₹27.64m
  • Sunil Vachani (51yo)

    Executive Chairman

    • Tenure: 0yrs
    • Compensation: ₹33.92m
  • Manoj Maheshwari (53yo)

    Non-Executive Independent Director

    • Tenure: 2.4yrs
    • Compensation: ₹720.00k
  • Manuji Zarabi (72yo)

    Non-Executive Independent Director

    • Tenure: 2.7yrs
    • Compensation: ₹790.00k
  • Keng Kuo (61yo)

    Additional Non-Executive Independent Director

    • Tenure: 0.5yrs

Company Information

Dixon Technologies (India) Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Dixon Technologies (India) Limited
  • Ticker: 540699
  • Exchange: BSE
  • Founded: 1993
  • Industry: Consumer Electronics
  • Sector: Consumer Durables
  • Market Cap: ₹34.149b
  • Shares outstanding: 11.33m
  • Website: https://www.dixoninfo.com

Number of Employees


Location

  • Dixon Technologies (India) Limited
  • B 14 & 15
  • Phase-II
  • Noida
  • Uttar Pradesh
  • 201305
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
DIXONNSEI (National Stock Exchange of India)YesEquity SharesININRSep 2017
540699BSE (Mumbai Stock Exchange)YesEquity SharesININRSep 2017

Biography

Dixon Technologies (India) Limited manufactures and sells products for the consumer durables, lighting, and mobile phones markets in India. It offers consumer electronics, including LED TVs; home appliance ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/17 12:57
End of Day Share Price2019/10/17 00:00
Earnings2019/06/30
Annual Earnings2019/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.