Dixon Technologies (India) Limited

NSEI:DIXON Stock Report

Market Cap: ₹884.2b

Dixon Technologies (India) Valuation

Is DIXON undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of DIXON when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: DIXON (₹14776.1) is trading above our estimate of fair value (₹2775.73)

Significantly Below Fair Value: DIXON is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for DIXON?

Key metric: As DIXON is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for DIXON. This is calculated by dividing DIXON's market cap by their current earnings.
What is DIXON's PE Ratio?
PE Ratio123.6x
Earnings₹7.15b
Market Cap₹884.15b

Price to Earnings Ratio vs Peers

How does DIXON's PE Ratio compare to its peers?

The above table shows the PE ratio for DIXON vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average72.4x
KALYANKJIL Kalyan Jewellers India
107.6x34.2%₹674.3b
AMBER Amber Enterprises India
111.2x35.5%₹206.7b
CROMPTON Crompton Greaves Consumer Electricals
50.5x20.3%₹238.8b
BPL BPL
20.3xn/a₹4.9b
DIXON Dixon Technologies (India)
123.6x26.1%₹884.2b

Price-To-Earnings vs Peers: DIXON is expensive based on its Price-To-Earnings Ratio (123.6x) compared to the peer average (72.4x).

Price to Earnings Ratio vs Industry

How does DIXON's PE Ratio compare vs other companies in the IN Consumer Durables Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
526616 National Plastic Industries
3.4xn/aUS$6.73m
No more companies available in this PE range
DIXON 123.6xIndustry Avg. 53.4xNo. of Companies5PE020406080100+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: DIXON is expensive based on its Price-To-Earnings Ratio (123.6x) compared to the Indian Consumer Durables industry average (53.4x).

Price to Earnings Ratio vs Fair Ratio

What is DIXON's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

DIXON PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio123.6x
Fair PE Ratio59.7x

Price-To-Earnings vs Fair Ratio: DIXON is expensive based on its Price-To-Earnings Ratio (123.6x) compared to the estimated Fair Price-To-Earnings Ratio (59.7x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst DIXON forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current₹14,776.10
₹14,275.37
-3.4%
21.2%₹18,654.00₹8,430.00n/a27
Nov ’25₹14,129.75
₹14,008.10
-0.9%
23.7%₹18,654.00₹5,700.00n/a29
Oct ’25₹14,195.80
₹11,979.28
-15.6%
22.4%₹15,567.00₹5,700.00n/a29
Sep ’25₹13,170.95
₹11,551.39
-12.3%
22.6%₹15,000.00₹5,700.00n/a28
Aug ’25₹11,670.55
₹11,311.12
-3.1%
23.8%₹14,825.00₹5,700.00n/a26
Jul ’25₹12,446.45
₹8,939.16
-28.2%
23.1%₹13,600.00₹5,700.00n/a25
Jun ’25₹9,396.35
₹7,989.42
-15.0%
20.3%₹11,000.00₹4,073.00n/a26
May ’25₹8,341.75
₹6,814.27
-18.3%
19.1%₹9,300.00₹4,073.00n/a26
Apr ’25₹7,592.05
₹6,412.04
-15.5%
16.0%₹7,900.00₹4,073.00n/a25
Mar ’25₹7,004.95
₹6,318.75
-9.8%
15.3%₹7,700.00₹4,073.00n/a24
Feb ’25₹6,124.40
₹6,229.46
+1.7%
15.8%₹7,700.00₹4,073.00n/a24
Jan ’25₹6,460.35
₹5,719.65
-11.5%
19.3%₹7,700.00₹3,515.00n/a23
Dec ’24₹5,951.65
₹5,404.43
-9.2%
18.5%₹7,300.00₹3,515.00n/a23
Nov ’24₹5,181.30
₹5,356.61
+3.4%
17.4%₹6,649.00₹3,515.00₹14,129.7523
Oct ’24₹5,289.25
₹4,556.59
-13.9%
18.0%₹6,200.00₹3,314.00₹14,195.8022
Sep ’24₹5,057.25
₹4,294.80
-15.1%
14.8%₹5,379.00₹3,300.00₹13,170.9520
Aug ’24₹4,135.55
₹4,063.95
-1.7%
14.6%₹4,920.00₹2,727.00₹11,670.5519
Jul ’24₹4,388.60
₹3,672.79
-16.3%
13.8%₹4,500.00₹2,727.00₹12,446.4519
Jun ’24₹3,909.50
₹3,672.79
-6.1%
13.8%₹4,500.00₹2,727.00₹9,396.3519
May ’24₹2,915.30
₹3,478.21
+19.3%
17.9%₹4,840.00₹2,388.00₹8,341.7519
Apr ’24₹2,861.30
₹3,537.30
+23.6%
18.6%₹4,840.00₹2,388.00₹7,592.0520
Mar ’24₹2,929.90
₹3,607.30
+23.1%
18.9%₹4,840.00₹2,388.00₹7,004.9520
Feb ’24₹2,806.60
₹3,607.30
+28.5%
18.9%₹4,840.00₹2,388.00₹6,124.4020
Jan ’24₹3,904.60
₹4,298.30
+10.1%
18.1%₹5,410.00₹2,481.00₹6,460.3520
Dec ’23₹4,385.35
₹4,298.30
-2.0%
18.1%₹5,410.00₹2,481.00₹5,951.6520
Nov ’23₹4,526.95
₹4,288.75
-5.3%
18.0%₹5,410.00₹2,481.00₹5,181.3020

Analyst Forecast: Target price is lower than the current share price.

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