Dixon Technologies (India) Ltd.
Snapshot View

4357.90 +56.95 ▲1.3%

02 August 2021, 04:00:00 P.M.
Volume: 6,566

Overview View Details

Sector Consumer Durables Compare with Sector peers
Industry Consumer Durables - Electronics Compare with Industry peers
Website http://www.dixoninfo.com
Financial Indicators
Market Cap 25,443.41 Cr.
Earnings per share (EPS) 30.11 Trailing Twelve Months Ending 2021-06
Price-Earning Ratio (PE) 144.26 Trailing Twelve Months Ending 2021-06
Industry PE 101.32 Trailing Twelve Months Ending 2021-06
Book Value / Share 128.99 Trailing Twelve Months Ending 2021-06
Price to Book Value 33.68 Calculated using Price: 4,344.15
Dividend Yield 0.02 Period Ending 2020-03
No. of Shares Subscribed 5.86 Cr. 58,569,355 Shares
FaceValue 2
Company Profile

Dixon Technologies (India) was incorporated in 1993 and, in 1994, it commenced manufacturing of consumer electronics such as colour televisions. In 2007, the company commenced manufacturing of LCD TVs and subsequently progressed into manufacturing of LED TVs in 2010. It entered the lighting products segment in 2008 with the manufacturing of CFL products and gradually increased its product portfolio to LED products in 2016. In 2010, the company started manufacturing semi-automatic washing machines. It also started providing reverse logistics services in 2008. The most recent segment that it has entered into is the manufacturing of mobile phones through a JV. The company has continuously diversified its product portfolio to keep pace with changing consumer trends and development in technology.

The company is the largest home-grown design-focused and solutions company engaged in manufacturing products in the consumer durables, lighting and mobile phones markets in India. Its diversified product portfolio includes (i) consumer electronics like LED TVs; (ii) home appliances like washing machines; (iii) lighting products like LED bulbs and tubelights, downlighters and CFL bulbs; and (iv) mobile phones. It also provides solutions in reverse logistics i.e. repair and refurbishment services of set top boxes, mobile phones and LED TV panels. The company’s key customers include Panasonic India Private, Philips Lighting India, Haier Appliance (I), Gionee, Surya Roshni, Reliance Retail, Intex Technologies (I) Ltd., Mitashi Edutainment, Dish Infra Services.

Business area of the company

The company is fully integrated end-to-end product and solution suite to original equipment manufacturers (OEMs) ranging from global sourcing, manufacturing, quality testing and packaging to logistics. It is also a leading Original Design Manufacturer (ODM) of lighting products, LED TVs and semi-automatic washing machines in India. As an ODM, it develops and designs products in-house at its R&D centre. It manufactures and supplies these products to well-known companies in India who in turn distribute these products under their own brands.

Awards and accreditations

  • 2007: ISO 14001:2004 by United Registrar of Systems for compliance by the company with environmental management system in the manufacture and supply of DVD, LCD/LED TV, FIM/LCM, Induction Cooker, CFL Lamp, LED Lamp, Ballast and Circuit Assembly at the Dehradun I Facility.
  • 2009: ISO 14001:2004 by United Registrar of Systems for compliance by the company with environmental management system in the manufacture and supply of PCB assembly for consumer and industrial electronics products and lighting products at the Noida I Facility.
  • 2009:  ISO 9001:2008 by United Registrar of Systems for compliance by the company with quality management system in the manufacture and supply of CFL (Compact Fluorescent Lamp), STB (Set Top Box) and its Refurbishment at the Noida III Facility.
  • 2009 ISO 14001:2004 by United Registrar of Systems for compliance by the company with environmental management system in the manufacture and supply of CFL (Compact Fluorescent Lamp), STB (Set Top Box) and its Refurbishment at the Noida III Facility.
  • 2009: ISO 9001:2008 by United Registrar of Systems for compliance by the company with quality management system in the manufacture and supply of DVD, LCD/LED TV, FIM/LCM, Induction Cooker, CFL Lamp, LED Lamp, Ballast and Circuit Assembly at the Dehradun I Facility.
  • 2010: ISO 9001:2008 by United Registrar of Systems for compliance by the company with quality management system in the manufacture and supply of PCB assembly for consumer and industrial electronics products and lighting products at the Noida I Facility.
  • 2010: ISO 9001:2008 by United Registrar of Systems for compliance by DAPL with quality management system in the manufacture and supply of washing machines at the Dehradun II Facility.
  • 2011: ISO 9001:2008 by United Registrar of Systems for compliance by DBMPL with quality management system in the manufacture and supply of moulding items for washing machines, CTVs and DVDs at the Dehradun III Facility.
  • 2011: ‘Best OEM Award 2011’ awarded to the company by CEAMA.
  • 2016: ISO 9001:2008 by United Registrar of Systems for compliance by PEPL with quality management system in the manufacture of mobile phones at the Noida II Facility.
  • 2016: ISO 14001: 2004 by United Registrar of Systems for compliance by PEPL with environmental management system in the manufacture of mobile phones at the Noida II Facility.
  • 2016: Development Excellence Award (Semi-Automatic Washing Machine) awarded by Panasonic India Private Limited to DAPL.
  • 2017: ISO 14001:2015 by United Registrar of Systems for compliance with environmental management system in the manufacture and supply of washing machines at the Dehradun II Facility.
  • 2017: The Company got registered with Department of scientific & Industry Research (DSIR) on 14th August, 2017.
  • 2017: The trademark “Dixon” got registered with the Trade Mark registry on 6th October, 2017 under class 37.
  • 2018: The trademark “Dixon” got registered with the Trade Mark registry on 21st February, 2018 under class 9.
  • 2018: The Company received a certificate dated 28th February, 2018 from IESA VISION SUMMIT for the stellar success of IPO.
  • 2018: The Company received an award dated 11th April, 2018 from PHILIPS LIGHTING at Go for Growth Supplier Event India 2018. The award is for “Recognized for: Greater Together”.
  • 2019: Dixon given certificate of appreciation by Delhi Langar Seva Society for the year 2018-19.
  • 2020: Contract manufacturer of the year award - CNBC Awaaz CEO Award.

Key events, milestones and achievements

  • 1994: Commencement of manufacture of colour televisions.
  • 1996: Establishment of Noida I Facility.
  • 2008: Entered the lighting products vertical with manufacture of CFL products.
  • 2008: Private equity investment by IBEF and IBEF 1.
  • 2008: Commencement of reverse logistics operations.
  • 2010: Commencement of manufacturing of washing machines by its Subsidiary, DAPL.
  • 2009 and 2010: Commencement of commercial manufacturing in the metal sheet and moulding segments by its Subsidiary, DBMPL.
  • 2014: Achieved more than Rs 10,000 million of revenue from operations on a standalone basis.
  • 2015: Acquisition of remaining shareholding of its erstwhile subsidiaries DAPL and DBMPL, pursuant to which they became its wholly owned subsidiaries.
  • 2016: Commencement of manufacture of mobile phones through its joint venture, PEPL.
  • 2016: Granted approval by the GoAP for setting up a manufacturing facility in Tirupati.
  • 2017: Amalgamation of DAPL and DBMPL, its wholly owned subsidiaries, with and into the company.
  • 2017: Entering into a joint venture agreement with Aditya Infotech Limited for the manufacture of security systems including CCTVs and DVRs, through its joint venture company, ADTPL.
  • 2018: Commenced manufacturing of security systems including CCTV’s & Digital Video Recorders (DVR’s) from the company’s state of the art manufacturing facility at Tirupati through its Joint Venture AIL Dixon Technologies Private Limited.
  • 2018: Commenced production of Liquid Crystal module (LCM) line at Tirupati facility in line with company’s strategy of backward integration which will be India’s largest facility for LED TV panel manufacturing.
  • 2019: Padget Electronics Private Limited (PEPL) become a wholly owned subsidiary of Dixon Technologies (India) Limited w.e.f April 12, 2019.

Delivery View Details

Delivered Qty
Traded Qty

Performance View Details

1 Day
+1.32%
1 Week
-3.83%
1 Month
-3.68%
3 Month
+3.62%
6 Month
+38.64%
1 Year
+185.60%
2 Year
+1010.46%
5 Year
7 years 2014-03 2015-03 2016-03 2017-03 2018-03 2019-03 2020-03
Return on Equity (%) 15.95 13.61 25.78 30.24 23.79 18.35 26.41
Return on Capital Employed (%) 15.97 15.76 25.65 37.37 33.70 27.33 34.20
Return on Assets (%) 4.69 4.01 7.47 7.93 6.94 5.16 7.56

Balance Sheet View Details

Particulars 7 years 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr.
Shh. Funds 84 95 118 197 315 378 541
Non Curr. Liab. 46 49 62 13 16 184 122
Curr. Liab. 154 174 233 579 635 929 1,034
Minority Int. 2 3
Equity & Liab. 287 321 412 788 966 1,491 1,697
Non Curr. Assets 101 114 139 151 211 421 451
Curr. Assets 186 207 272 638 754 1,069 1,246
Misc. Exp. not W/O 0
Total Assets 287 321 412 788 966 1,491 1,697

Profit Loss View Details

Particulars 7 years 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr.
Net Sales 1,094 1,201 1,388 2,457 2,842 2,984 4,400
Other Income 8 3 3 1 4 6 5
Total Income 1,102 1,204 1,391 2,458 2,846 2,990 4,405
Total Expenditure -1,068 -1,170 -1,332 -2,366 -2,729 -2,848 -4,173
PBIDT 34 35 59 93 117 142 233
Interest -11 -10 -12 -16 -13 -26 -39
Depreciation -5 -7 -8 -11 -15 -22 -37
Taxation -4 -5 -8 -19 -27 -30 -36
Exceptional Items -3
PAT 13 12 27 48 61 63 121

Cash Flow View Details

Particulars 4 years 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr.
Cash Fr. Operatn. 53 68 -3 237
Cash Fr. Inv. -43 -100 -64 -99
Cash Fr. Finan. -8 42 69 -57
Net Change 1 10 2 81
Cash & Cash Eqvt 3 13 14 96

Shareholding Pattern View Details

9 Qtrs 2019-06 (%) 2019-09 (%) 2019-12 (%) 2020-03 (%) 2020-06 (%) 2020-09 (%) 2020-12 (%) 2021-03 (%) 2021-06 (%)
Promoter 38.92 38.89 37.92 36.17 36.11 36.01 35.06 35.04 35.03
Public 61.08 61.11 62.08 63.83 63.89 63.99 64.94 64.96 64.97
Depository Receipts 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Promoter Holding Pledge (%) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Announcements View Details

Mon, 02 Aug 2021
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
Pursuant to Regulations 30 and 46 of the SEBI (Listing
Obligations and Disclosure Requirements)
Regulations 2015 read with Para A and Part A of schedule III of the said regulations we hereby
inform that the Companys officials had a call with the
analysts of Oxbow Capital Management.

We request you to kindly take this on your record and oblige.
Wed, 28 Jul 2021
Announcement under Regulation 30 (LODR)-Newspaper Publication
Submission of copies of newspaper publication under Regulation 47(3) of the SEBI
(Listing Obligations and Disclosure Requirements) Regulations 2015
Tue, 27 Jul 2021
Outcome Of Board Meeting
In furtherance to our intimation dated 20th July 2021 we hereby inform you that the Board at its Meeting held today i.e. 27th July 2021 inter-alia considered and approved un-Audited Financial Results (Standalone and Consolidated) of the Company for the Quarter ended 30th June 2021.

Technical Scans View Details

Mon, 02 Aug 2021
Close Crossing Last Month Close From Below Close Crossing Last Month Close From Below
Closing Above Previous High Closing Above Previous High
Close Within 52 Week High Zone Close Within 52 Week High Zone
Closing Near 50 SMA Closing Near 50 SMA
William %R Bullish William %R Bullish

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