Dixon Technologies (India) Limited

NSEI:DIXON Stock Report

Market Cap: ₹444.1b

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 (₹7424.2) is trading above our estimate of fair value (₹1483.16)

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?

Other financial metrics that can be useful for relative valuation.

DIXON key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue2.8x
Enterprise Value/EBITDA70.4x
PEG Ratio4.6x

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 Average55x
KALYANKJIL Kalyan Jewellers India
80.7x35.2%₹427.6b
PAGEIND Page Industries
71.2x18.8%₹384.1b
CROMPTON Crompton Greaves Consumer Electricals
39.5x20.8%₹170.8b
BPL BPL
28.6xn/a₹4.4b
DIXON Dixon Technologies (India)
125.7x27.1%₹444.1b

Price-To-Earnings vs Peers: DIXON is expensive based on its Price-To-Earnings Ratio (125.7x) compared to the peer average (55x).


Price to Earnings Ratio vs Industry

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

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a29.7%
n/an/an/a
No. of CompaniesPE048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a29.7%
n/an/an/a
No more companies

Price-To-Earnings vs Industry: DIXON is expensive based on its Price-To-Earnings Ratio (125.7x) compared to the Indian Consumer Durables industry average (41.5x).


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 Ratio125.7x
Fair PE Ratio51.7x

Price-To-Earnings vs Fair Ratio: DIXON is expensive based on its Price-To-Earnings Ratio (125.7x) compared to the estimated Fair Price-To-Earnings Ratio (51.7x).


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₹7,424.20
₹6,374.00
-14.1%
15.5%₹7,700.00₹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₹3,515.00n/a23
Oct ’24₹5,289.25
₹4,556.59
-13.9%
18.0%₹6,200.00₹3,314.00n/a22
Sep ’24₹5,057.25
₹4,294.80
-15.1%
14.8%₹5,379.00₹3,300.00n/a20
Aug ’24₹4,135.55
₹4,063.95
-1.7%
14.6%₹4,920.00₹2,727.00n/a19
Jul ’24₹4,388.60
₹3,672.79
-16.3%
13.8%₹4,500.00₹2,727.00n/a19
Jun ’24₹3,909.50
₹3,672.79
-6.1%
13.8%₹4,500.00₹2,727.00n/a19
May ’24₹2,915.30
₹3,478.21
+19.3%
17.9%₹4,840.00₹2,388.00n/a19
Apr ’24₹2,861.30
₹3,537.30
+23.6%
18.6%₹4,840.00₹2,388.00n/a20
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
Oct ’23₹4,371.60
₹4,124.45
-5.7%
17.8%₹5,305.00₹2,302.00₹5,289.2520
Sep ’23₹4,071.80
₹4,044.84
-0.7%
18.2%₹5,305.00₹2,302.00₹5,057.2519
Aug ’23₹3,748.20
₹4,053.61
+8.1%
19.3%₹5,300.00₹2,302.00₹4,135.5518
Jul ’23₹3,595.70
₹4,333.67
+20.5%
17.8%₹5,600.00₹2,634.00₹4,388.6018
Jun ’23₹3,892.30
₹4,476.33
+15.0%
19.7%₹5,936.00₹2,879.00₹3,909.5018
May ’23₹4,396.25
₹4,804.53
+9.3%
19.6%₹6,050.00₹2,879.00₹2,915.3019
Apr ’23₹4,361.00
₹4,844.21
+11.1%
19.1%₹6,050.00₹2,879.00₹2,861.3019
Mar ’23₹4,318.25
₹4,936.44
+14.3%
17.2%₹6,050.00₹2,930.00₹2,929.9018

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


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